Showing posts with label United States Led Industry. Show all posts
Showing posts with label United States Led Industry. Show all posts

Tuesday, April 25, 2017

US LED Lighting Market Revenue Is Expected To Grow at a Rapid Pace Owing to the Rising Number of Players Entering the LED Lighting Industry: Ken Research

Lighting market was traditionally dominated by fluorescent tube lights (FTLs) and incandescent bulbs (ICLs) until a decade ago. The prime reasons attributed to their dominance were easy availability, cheaper products relative to other lighting products and easy installation. However, these lighting sources were highly inefficient in terms of energy consumption. FTLs and ICLs use close to 20% of energy whereas the remaining energy is converted into heat.
Led Lighting in the US
With the advancements in technology, superior sources of lighting such as LEDs came into the market. Light Emitting Diodes (LEDs) are solid state semiconductor devices without mercury content being present in them. The manufacturing of LED lights is quite complex and requires raw materials such as LED chips, heat sink and thermal interface material.
The global market for LED lighting has showcased a robust performance backed by bans on incandescent lights that has led to the gradual entry of LED products in the residential lighting markets and other sectors. Improved LED luminous efficacy and lowered LED product prices contributed to higher consumer acceptance levels and rising penetration rates. Japan is considered as the largest market for LED lighting across global market, followed by Europe and North America. China LED lighting market has posted phenomenal growth and is growing at the fastest growth rate due to concentration of manufacturers producing Lighting and LED products.
Manufacturers of LED lights have indicated that the growth in LEDs market revenues is directly dependent on the economic growth of the country. The rising awareness for global warming made people switch to LED lights from the traditional use of fluorescent bulbs which emit heat and CFCs thereby impacting the environment. This augmented the growth of LED lighting market in the country.
The traditional use of incandescent bulbs is being replaced by LED reflectors to a great extent, making this segment generate the maximum revenue among all types of LED lamps available in the US. The overall lighting market of the US, which was traditionally driven by the use of fluorescent tube lights, witnessed a change with LED tubes making a positive impact in the market
The increasing use of LED downlights for both residential and commercial purposes has made this segment dominate the LED luminaires market. Considered to be more stylish and modern as per the latest technology, LED downlights are primarily used as ceiling lights.
Key Topics Covered in the Report:
Led Lighting in the US
Global Led Lighting Market
Technology Led Lighting US
Philips Revenue Led Lights
US Led Lighting Manufacturers
Outdoor Area Lights Market US
Market New Products Led Lights
Competition Lighting Products US
United States Led Lighting Market
Lighting & Bulb Manufacturing In the US
Led Parking Garage Manufacturers in US
Industrial & Commercial Led Lighting Market
Smart Lighting Market and Technology Trends
For more information on the market research report please refer to the below link:
Related Reports
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Tuesday, April 11, 2017

Reduction in Prices of LED, Low Market Penetration and Increasing Awareness campaigns about Energy Savings Supported the Sales of LED in US: Ken Research

As per the report titled “US LED Lighting Market Outlook to 2021” by Ken Research, the overall LED lighting market of the US is expected to generate revenue of USD 23.6 billion by 2021 by growing at an expected 5 year CAGR of 25.7%.
Global Led Lighting Market
The US, being considered as the most developed country of the world has witnessed a positive change in terms of energy saving programs. The Federal Energy Management Program (FEMP) of the US government helps organizations and agencies in achieving their energy related goals and requirements along with the reduction of greenhouse effects. Many NGOs have tied up with the government to make people aware about the energy conservation techniques, out of which using LEDs is one such way. LED lights are considered to be 80% more efficient than regular lighting methods used by people. Since they are expensive, they are often offered at subsidized prices with other benefits so that the people can afford and switch to low energy consumption techniques. For instance, corporate tax incentives are provided to the companies in Kentucky if they use LED lights in their offices. People of the US are connected with various organizations to make them aware about the ways in which they can reduce their energy consumption. This has been a significant trend wherein both LED manufacturing companies and the government are trying to make people know about the positive impacts of using these lights over traditional means. In order to make people aware, the government has also adopted to use LED lights for street lighting purposes. This builds trust among people that the lights are safe and energy efficient as the government is also using the similar technology
The US and many countries in the European Union have instituted plans to institute, government regulations and programs designed to encourage or mandate increased energy efficiency in lighting. These actions include in certain cases banning the sale after specified dates of certain forms of incandescent lighting, which is advancing the adoption of more energy efficient lighting solutions such as LEDs. In addition, the growing demand for electricity is increasingly driving utilities and governmental agencies to provide financial incentives such as rebates for energy efficient lighting technologies in an effort to mitigate the need for investments in new electricity generation capacity.
Despite the efforts of government and LED manufacturing companies to shift people from traditional lighting to energy saving LED lights, there still has been a low penetration of LED lighting techniques in the US according to Research Analyst at Ken Research. The overall electricity market is driven by the ongoing ways of fluorescent lights wherein the market players in the LED manufacturing sector are trying to penetrate the market by making people aware about the benefits associated with using such lights. Low penetration of each type of LED light in the market is considered to be the most crucial challenge in the industry.
Key Topics Covered in the Report:
Led Lighting in the US
United States Led Industry
Global Led Lighting Market
Technology Led Lighting US
Led Lamps Market Trends US
US Led Lighting Market Worth
US Led Lighting Manufacturers
Lighting & Bulb Manufacturing in the US
Industrial & Commercial Led Lighting Market
Led Lamps Revenue US
Cree Led Lights Sales in United States
Philips Revenue Led Lights
For more coverage click on the link below:
Related Reports
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Monday, April 10, 2017

US LED Lighting Market Outlook to 2021: Ken Research

The report titled “US LED Lighting Market Outlook to 2021- Demand for Energy Efficient Lighting and Government Initiatives to Lighten the Future” provides a comprehensive analysis of LED Lighting market in US. The report focuses on various aspects such as market size of US LED lighting industry by revenue generated and production volume and market segmentation by lamps, bulbs, luminiaries, by utility and by distribution channels. The report covers a detailed overview on trade scenario for Light emitting diodes of US with other countries. The report also describes about major trends and developments, issues and challenges and government role and initiatives that have influenced the market to a large extent. This publication helps the readers to understand the cost analysis for LED Lighting in US as well as recent technologies related to US LED Lighting.  Competition prevailing in the sector along with detailed company profiles has been thoroughly covered in the report. The report concludes with market projection for future and analyst recommendation highlighting the major opportunities and cautions.
US Led Lighting Market
LED Lighting Market in US
The LED lighting market of the US has witnessed a rapid growth over the recent past. Technological advancements in the market have been the major reason responsible for growing product lines of LED lights in the country. The growing concern among the population about the amount of heat emitted by traditional fluorescent lights has made people shift to more energy saving resources, thereby expanding the overall size of LED lighting market in the country from USD ~ million in 2011 to USD ~ million during 2016.
Market Segmentation
By Type of LED: Lower initial cost and ease of installation of LED lamps have made lamps to dominate the market, contributing ~% of the revenue to the total revenues of US LED market in 2016. LED luminaires have been successful in driving the overall LED lighting market of the US by increasing their revenue share from ~% in 2014 to ~% in 2016. The traditional use of incandescent bulbs has been replaced by the use of LED reflectors, contributing revenue share of ~% to the overall market from the sale of LED lamps. LED tubes and other LEDs typically including simple bulbs contributed ~% and ~% share to the revenues of LED lamps in the US. LED luminaires which include downlights, troffers, roadway fixtures, outdoor area lights and other luminaires generated revenues worth USD ~ million, USD ~ million, USD ~ million, USD ~ million and USD ~ million revenues respectively in the LED lighting market of the US during 2016.
By Application of LED Lights: The increased demand for directional LEDs by shopping malls to showcase their products and their use in flood lights, made this segment dominate the LED market with revenue share of ~% in the overall sales of LED lights during 2016. Following directional LEDs, A-Type LEDs generated revenue of USD ~ million in 2016. LED linear fixtures and building exteriors contributed ~% and ~% of the revenues respectively in 2016. The dimming requirements and high color quality provided by decorative LEDs has enabled the segment to garner revenues worth USD ~ million during 2016. Further, LED for parking garage, Roadway LED, Small Directional LED, Parking lot LED and High/Low Bay LED contributed ~%, ~%, ~%, ~% and ~% respectively to the total revenues of LED lights in 2016.
By Usage (Indoor LEDs and Outdoor LEDs): Outdoor LEDs have contributed ~% to the revenues of LED lights in 2016. Indoor LEDs which are used in commercial, residential and industrial sector have contributed ~%, ~% and ~% share to the total sales of indoor LED lights in the US during 2016. Outdoor LEDs that are used in building exteriors, parking garage, roadway and parking lots contributed ~%, ~%, ~% and ~% share in revenues during 2016
Competitive Landscape
US LED lighting market is highly concentrated with the presence of few leading lighting manufacturers in the country. Since the sector requires large amount of capital to be invested, this has inhibited the emergence of several companies in the space. Frequent introduction of new LED products, rapid changes in technology, changing customer requirements, short product life cycles and prices of similar technology by various companies are common platforms on which the competition prevails in the overall lighting market of the US. Lighting companies such as Cree, Acuity brands, Copper Lighting division of Eaton Corporation, general electric company, Hubbell Incorporated, Philips and Osram are the major competitors in the market.
Future Analysis and Projections
The US LED lighting market is expected to grow at a robust CAGR of ~% from 2016 to 2021 owing to rising number of market players, increasing awareness about online energy saving lights among customers, and growing efforts of government to shift customers towards LED lights. The LED lighting market will witness launch of innovative LED products being introduced in the market which will lead to an increase in demand by the population, thus making the LED industry contribute a larger share to the total economy.
Key Topics Covered in the Report:
Overview and Genesis for the US LED Lighting Market
Comparative Analysis for the US LED Lighting Market with Global Market
US LED Lighting Market Value Chain Analysis
US LED Lighting Market Size, 2011-2016
US LED Light Market Segmentation
Trade Scenario for the US LED Lighting Market
Cost Analysis for LED Lighting in the US Market
Decision Making Process before Purchasing LED Lighting in the US Market
Trends and Developments in the US LED Lighting Market
Issues and Challenges in US LED Lighting Market
SWOT Analysis for the US LED Lighting Market
Recent Technologies in US LED Lighting Market
Manufacturing Clusters for LED and Component Manufacturers in the US
Government Initiatives and Regulations in the US LED Lighting Market
Competitive Scenario in US LED Lighting Market
Competitive Landscape of Major Players in US LED Lighting Market
US LED Lighting Market Future Outlook and Projections
Macroeconomic Indicators Affecting US LED Lighting Market
For more coverage click on the link below:
Related Reports
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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