The analysts forecast the LED lighting market in North America to grow at a CAGR of 11.78% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the LED lighting market in North America for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of LED lighting.
The report, LED Lighting Market in North America 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is Declining manufacturing cost of LEDs. The manufacturing cost of LEDs has declined steadily since 2012 and will continue to decline during the forecast period. This decline can be mainly attributed to the decreasing ASP of chips and components used in the manufacturing process of LED devices.
Further, the report states that one of the major factors hindering the growth of this market is High average cost per LED fixture. Though the total cost of owning LED lamps and fixtures is low compared to traditional incandescent and halogen bulbs, the high initial cost acts as a hindrance. The total cost of installation includes the cost of LED luminaires and labor charges.
- Acuity Brands
- GENERAL ELECTRIC
- Koninklijke Philips
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Application
8: Market Segmentation By Product
9: Customer Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/bj67f8/north_america_led?w=4