Government
bans on the use of incandescent lamps have played a key role in
fuelling the global market for industrial and commercial LED
lighting. The growing popularity of LED lights can be attributed to
their durability and high energy efficiency. Attractive financial
savings for the consumer due to their use is another factor that
drives the global industrial and commercial LED lighting market.
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the full Industrial And Commercial LED Lighting Market report at
http://www.transparencymarketresearch.com/industrial-commercial-led-lighting-market.html
In
2012, the global industrial and commercial LED lighting market was
valued at US$12927.9 million and by 2019 is anticipated to reach a
market value of US$86087.9 million, thereby registering a CAGR of
30.8% between 2013 and 2019. LEDs (light emitting diodes) refer to
semiconductor source of light and are generally used in place of
regular incandescent lamps, which tend to be inefficient and have a
shorter lifespan.
Energy-efficiency
of LED Lighting Major Factor Driving Demand from Global Market
There
are several reasons why the global industrial and commercial LED
lighting market is expanding so rapidly. LEDs are generally smaller
in size, consume less power, and are also longer lasting than
conventional lighting options.
LED
lights exhibit higher levels of brightness than conventional types of
lamps, which, apart from being unreliable, have shorter life spans
than LEDs due to their energy-intensive nature and the heat generated
during their operation. High reliability is also a key factor that
stimulates the demand for LED lamps. Since LED lamps do not release
any toxic or harmful gases, they are considered friendlier to the
environment than conventional lighting systems. Owing to their
economical nature, LED lamps help bring down the maintenance and
operating costs of a household considerably over a period of time.
Commercial
Lighting Segment: A Key Market Driver
The
global industrial and commercial LED lighting market is segmented on
the basis of end users and geography. Architectural lighting, outdoor
lighting, commercial lighting, and industrial lighting are the
various end-use industries that drive the demand from the global
industrial and commercial LED lighting market.
In
2012, the global industrial and commercial LED lighting market was
led by the commercial lighting segment with a market share exceeding
50%. Factors driving the commercial lighting segment are greater
awareness amongst end users about their judicious consumption of
energy and the pressing need to reduce CO2 emissions.
Furthermore,
governments of several countries are implementing strict rules that
prohibit the sale and production of incandescent lights. This in turn
drives the demand for LED lighting systems. In 2012, the government
of China had declared that it would soon be phasing out the
manufacture and use of incandescent lamps and imposing a ban on the
sales and imports of incandescent bulbs of wattage 100 and above.
North
America and Asia Pacific: The Promising Markets
Geographically,
the global industrial and commercial LED lighting market is segmented
into Asia Pacific, North America, Europe, and Rest of the World. With
a market share of more than 33%, the largest regional segment in the
global industrial and commercial LED lighting market in 2012 was
Europe. High government investment is a key factor that has been
propelling the Europe industrial and commercial LED lighting market
thus far.
Global
demand for industrial and commercial LED lighting is anticipated to
light up owing to high demand for the same from countries such as the
U.K., Denmark, Germany, and Russia. These countries are shifting
their focus towards the installation of energy-efficient lighting
systems.
Owing
to the strict implementation of rules prohibiting the use of
incandescent lamps, the Asia Pacific and North America industrial and
commercial LED lighting markets will expand significantly during the
forecast period. With a view to attaining competitive advantage, most
manufacturers in the global industrial and commercial LED lighting
market are focusing on developing high-performance yet cost-effective
lighting products.
The
prominent companies operating in the global industrial and commercial
LED lighting market are Zumtobel AG, Toshiba Corporation, GE Lighting
Solutions, Cooper Industries plc., Dialight plc., Cree Inc., Osram
Licht AG, and Digital Lumens Inc.
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the free sample report of Industrial And Commercial LED Lighting
Market at
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