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Global LED General Lighting Market Forecast to Grow at 27.55% CAGR

Oct 29 2014

An LED is a semiconductor light source used for purposes such as general lighting, backlighting, and automotive lighting in residential, office, retail, and hospitality spaces and in industrial, outdoor, and architectural applications.

Its efficiency and low cost help address key issues such as the energy crisis, resource scarcity, and climate change, and enhances safety in cities and productivity in offices. It also has the ability to provide an enhanced sense of health and well-being. Lighting consumes approximately 20 percent of all the power in the world and by using LED lighting, people can save, on an average, up to 40 percent of energy every year.

LED lights have many advantages over other lighting sources including:

High intensity of brightness
High energy efficiency
Low voltage and current requirements
Low radiated heat
High reliability
Negligible UV rays
Long life span
Ability to be easily controlled and programed

TechNavio's analysts forecast the Global LED General Lighting market to grow at a CAGR of 27.55 percent over the period 2013-2018.

Covered in this Report

The Global LED General Lighting market can be divided based on application into eight segments: Architectural, Hospitality, Industrial, Office, Outdoor, Residential, Retail, and Others.
TechNavio's report, Global LED General Lighting Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC region and the EMEA region; it also covers the Global LED General Lighting market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Regions