DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/7v9cv4/general_led) has announced the addition of the "General LED Lighting Market in Brazil 2015-2019" report to their offering.
The General LED Lighting market in Brazil will grow at a CAGR of 42.1% over the period 2014-2019
An LED is a semiconductor light source used for general lighting, backlighting, and automotive lighting in the Residential, Office, Retail, Hospitality, Industrial, Outdoor, and Architectural segments. Given its efficiency and low cost, LED helps to address the key issues such as energy crisis, resource scarcity, and climate change. It also enhances safety and productivity. Lighting consumes about 20 percent of the power generated worldwide, and the usage of LED lighting will help to save up to 40 percent of energy annually.
The preference for eco-friendly bulbs over incandescent and CFL bulbs is one of the major trends witnessed in the market. Increased cost of energy, growing awareness about environmental issues, and increased focus on reducing CO2 emissions are some of the factors stimulating demand for energy-efficient LED lighting solutions.
According to the report, the formation of R20 Regions of Climate Action is a major market driver for the General LED Lighting market in Brazil. It is focused on promoting and implementing low-carbon emission projects and aims to prevent a 2°C increase in global temperatures by 2020.
Further, the report states that low consumer awareness is one of the major challenges in the market. This is evident from the fact that most application segments in the Global General Lighting market have a low LED penetration rate because consumers give higher preference to cost rather than the quality and nature of lighting.
LED lights have many advantages over other lighting sources such as:
- High-intensity of brightness
- Highly energy-efficient
- Low voltage and current requirements
- Low radiated heat
- High reliability
- Negligible UV rays
- Long lifespan
- Easily controlled and programmed
The General LED Lighting market in Brazil can be divided into six application segments including:
- OSRAM Opto Semiconductors
- Philips Lumileds Lighting
- Seoul Semiconductor
For more information visit http://www.researchandmarkets.com/research/7v9cv4/general_led