Led Lighting Market 2015-2025: Asia Pacific Most Lucrative Region According to Fmi

LED light is a light-emitting diode product which is accumulated into the utilization in lighting fixtures. It is basically a semiconductor lighting source operate in different applications such as automotive lighting, general as well as backlighting. It has been noticed that LED’s are smaller and have a lengthier operating life as well as lower cost of ownership as compared to previous technologies in the similar area. The prices of LED’s have reduced to a point where such type of lighting is becoming the economic choice in every application. The acceptance of LED lighting is escalating in almost all major end uses such as industrial buildings, residential and commercial buildings, as well as outdoor application areas. The LED lighting systems provide more energy efficiency and longer life span. The LED light provides a lifetime of nearly 50,000 hours of brightness and work effectively by using only a fraction of energy as is utilized by traditional bulbs and CFL’s. The LED lights compete with old and traditional bulbs on various parameters which include longer lifetime, energy efficiency, enhanced environmental friendliness, better durability, lower heat and smaller size. The Global LED lighting market has showcased rapid growth over the past few years. The Global LED lighting market is anticipated to grow at a stupendous CAGR over the period 2015-2025 with a substantial revenue in 2025.   Thus, the revolution in LED is gaining traction in terms of market dynamics.

Global LED Lighting: Market Segmentation
The Global LED lighting market is segmented on the basis of organizational structure such as organized and unorganized. The Global LED lighting market is further bifurcated by application areas such as automotive, general and backlighting. The LED lighting market in automobile industry is rising as LED’s are initiating to be used in mass market automobiles. The Global LED lighting market is also divided on the basis of end-user segment such as commercial,...