LED
lighting technology delivers high efficiency, high level of
brightness, long lifespan and high reliability than incandescent,
fluorescent and HID lights. LED light minimizes the operating and
maintenance cost and is also considered as environment friendly
lighting, as it does not emit harmful gases. LEDs emit very less heat
compared to incandescent bulbs and CFLs.
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the full Industrial And Commercial LED Lighting Report at
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The
industrial and commercial LED lighting market is driven by various
factors such as high efficiency and durability, government ban on
incandescent lamps and attractive payback, as it consumes minimum
electricity and reduces electricity bills. The global industrial and
commercial LED lighting market was valued at 12,927.9 million in 2012
and is expected to grow at a CAGR 30.8% during the forecast period
from 2013 to 2019. However, dominance of fluorescent lamps and high
initial cost of deployment for LED lamps are some of the factors
inhibiting the growth of this market.
In
terms of end-users, commercial segment was the largest and accounted
for 52.5% share in 2012. Increasing awareness among end-users to
reduce energy consumption and CO2 emission are the factors driving
the growth of industrial and commercial LED lighting market during
the forecast period. In addition, governments of various countries
have been imposing ban on production and sale of incandescent lights.
In
2012, the Chinese government announced that it would phase out the
use and production of incandescent lights and imposed a ban on
imports and sales of 100-watt and higher incandescent bulbs. This is
expected to fuel the growth of market during the forecast period.
global-industrial-and-commercial-led-lighting-market-size-and-forecast-by-geography-2012
Geographically
Europe was the largest industrial and commercial LED lighting market
and accounted for 33.1% in 2012 owing to increase in investment by
government.
In
addition, countries such as Russia, Germany, Denmark and the U.K. are
focusing on deployment of efficient lighting to improve lighting
quality and to lower overall operational cost, which will further
increase the demand for LED lighting products and solutions. North
America and Asia Pacific markets are expected to show strong growth
owing to ban on incandescent lamps. With this, the demand for LED
lighting is expected to fuel in near future. In addition, government
funding to deploy LED lights is also one of the important drivers for
this market.
Most
of LED light manufacturers are competing against each other by
developing cost effective products with greater performance to get
competitive advantage. The global industrial and commercial LED
Lighting market is dominated by few organized players namely Philips
Electronics N.V., Osram Opto, Cree Incorporation, Cooper Industries
Plc and GE lightings.
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