DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6v57cq/global_led) has announced the addition of the "Global LED Industrial Lighting Market 2014-2018" report to their offering.
The Global LED Industrial Lighting market will grow at a CAGR of 29.64% to 2018
An LED is a semiconductor diode that emits visible light when voltage is applied to it. A diode is an electronic component that allows electricity to flow solely in one direction. LEDs were initially used as indicators in different applications. Later, they were used to display numbers on electronic meters and sign boards. Currently, LEDs have penetrated nearly every application that makes use of lighting systems. The control users have over LEDs in terms of luminescence and power consumption has made them popular for industrial applications.
One of the emergiong trends in the market is the decreasing ASP of LED light bulbs, which has led to their wider adoption in lighting applications. LEDs have become the most flexible technology that can use lighting control systems, thus increasing the potential for savings.
According to the report, the need for energy-efficient lighting solutions is one of the key drivers in the market. Increased concern over the depletion of non-renewable sources of power and the need to minimize power consumption are driving the demand for LEDs in industrial facilities.
Further, the report states that the limited thermal tolerance of LEDs is one of the major challenges. When LED bulbs are subjected to the high-temperature environment in industrial applications, there is not only degradation in their power efficiency, but also a shortening of their life span.
LED lighting has 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 programmed
- Cooper Industries plc
- Cree Inc.
- Dialight plc
- Digital Lumens Inc.
- Koninklijke Philips Electronics NV
Other Prominent Vendors
- Emerson Electric Co.
- GE Lighting LLC
- Osram Licht AG
- Toshiba Corporation
For more information visit http://www.researchandmarkets.com/research/6v57cq/global_led