DUBLIN--(BUSINESS WIRE)--The "Global Light-emitting Diode (LED) Market 2017-2021" report has been added to Research and Markets' offering.
The global light-emitting diode (LED) market to grow at a CAGR of 18.46% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global light-emitting diode (LED) market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increase in urban population worldwide. An important factor contributing to the increasing demand for energy-efficient lighting devices in households is the rising global urban population.
According to the report, one driver in the market is favorable policy environment and governmental support. The rapid depletion of natural resources and global warming have generated an indispensable need for energy conservation across the globe.
Further, the report states that one challenge in the market is lack of standardization. Despite the favorable government policy framework for LED lighting across the globe, the specifications for LED lighting differs from country to country. Currently, there is no single standard or set of guidelines for LED lighting that is applicable worldwide.
This lack of standardization in the global market generates barriers for international vendors as they need to establish compliance with different standards based on different regions. There is also a lack of industry-wide dimming standards for LED lightings. This can adversely affect the adoption rate of LED lighting products.
- GE Lighting
- LG Innotek
- Philips Lighting
- Samsung Electronics
Other prominent vendors
- Everlight Electronics
- MLS (Forest Lighting)
- Seoul Semiconductor
- TOYODA GOSEI
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Market Landscape
- Market Segmentation By Application
- Market Segmentation By Product
- Geographical Segmentation
- Decision Framework
- Drivers And Challenges
- Market Trends
- Vendor Landscape
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/pnrw5t/global