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Global LED Lighting Market to See 45% CAGR: $63 Billion in Value by 2020

DALLAS, Texas /PRNewswire/ — ReportsnReports.com adds LED lighting market research reports with global forecasts to 2020 and regional (North America, Brazil,Japan, etc) industry forecasts to 2019 to its online business intelligence library.

Frequent product introductions have characterized the LED lighting industry. There is a highly competitive pricing environment with the current price point of $6 per light in 2015 about to decline further, creating competitive changes in the lighting markets. Technology innovation creates market characteristics that increase the need for continuous investment in research and development. Partners remain core to vendor positioning. Sales of LEDs that outpace incandescent bulbs in North America are expected to soon completely eliminate incandescent bulbs. The LED lighting market report anticipates the industry to grow 45% per year through 2020 and says that LED lights worth $13.6 billion in 2014, are anticipated to reach $63.1 billion by 2020. Market forecasts are based on indications that LEDs are leveraging economies of scale to achieve price points attractive to users. Markets appear to be moving toward 100% LED replacement of existing technology including incandescent bulbs. The reason is the declining price points, the increased interest by the channel in pushing LEDs to consumers. LEDs provide the best lighting solution. The phase out of incandescent lights has begun, the onset of LED command of the market is upon us.

This LED lighting shipment analysis is based on consideration of the metrics for the total number of lights installed with a likely penetration analysis. Interviews with distributors, vendors, and users provide means for triangulation of data to achieve an accurate look at the market. Interviews include contact with distributors and analysts worldwide. Philips is set to sell its lighting business soon. Epistar is working on 200mm technology. Philips, OSRAM, and Samsung have been actively exploring GaN on silicon technology. Market shifts provide entry points for new competitors. They create significant opportunities for participants to achieve rapid increase in market share. Shifts in market share are anticipated as vendors move up the value chain to increase returns on investment.

There is a move by vendors to provide more pieces of the LED light. In this way they seek to control their margins. Vendors primarily compete with other providers of LED lighting on the basis of product performance, as measured by efficacy, light quality, increased lumen output and reliability. Product cost combined with an acceptable level of quality is always a competitive issue.

The LED Lighting market in North America is forecast to grow at a CAGR of 21.12% over the period 2014-2019 according to another research report. The LED Lighting market in North America can be divided into three application segments including: Automotive Lighting, Backlighting, and General Lighting. The LED Lighting Market in North America 2015-2019 research report 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.

Complete research is available at http://www.reportsnreports.com/reports/323150-led-lighting-market-in-north-america-2015-2019.html.

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