LED Lighting Market in North America 2015-2019

LONDON, Jan. 22, 2015 /PRNewswire/ -- About LED

An LED is a semiconductor light source used for automotive lighting, backlighting, and general lighting in residential, office, retail, and hospitality spaces as well as in industrial, outdoor, and architectural applications. Its efficiency and low cost help address key issues such as energy crisis, resource scarcity, and climate change. It also enhances safety issues in cities and productivity in offices, besides providing an enhanced sense of health and well-being. Lighting consumes about 20 percent of the power generated worldwide, and by using LED lighting, people can save, on an average, up to 40 percent of energy annually. LED lights have many advantages over other lighting sources, which are as follows: High-intensity brightness Highly energy-efficient Low voltage and current requirements Low radiated heat High reliability Negligible UV rays Long lifespan Easily controlled and programmed TechNavio's analysts forecast the LED Lighting market in North America will grow at a CAGR of 21.12 percent over the period 2014-2019.

Covered in this Report

The LED Lighting market in North America can be divided into three application segments including: Automotive Lighting, Backlighting, and General Lighting. TechNavio's report, LED Lighting Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.

Key Vendors

Cree LG Innotek Nichia OSRAM Opto Semiconductors Philips Lumileds Lighting Samsung LED Seoul Semiconductor

Other Prominent Vendors

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LED Lighting Market in North America 2015-2019