Global LED Industrial Lighting Market 2014-2018: Key Vendors are Cooper Industries, Cree, Dialight, Digital Lumens, Koninklijke and Philips Electronics

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Sep 19, 2014, 05:04 ET

DUBLIN, September 19, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/48vm36/global_led) has announced the addition of the "Global LED Industrial Lighting Market 2014-2018" report to their offering.

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An LED is a semiconductor diode that emits visible light when voltage is applied to it. A diode is an electronic component that allows electricity to flow solely in one direction. LEDs were initially used as indicators in different applications. Later, they were used to display numbers on electronic meters and sign boards. Currently, LEDs have penetrated nearly every application that makes use of lighting systems. The control users have over LEDs in terms of luminescence and power consumption has made them popular for industrial applications.

LED lighting has many advantages over other lighting sources including:

High intensity of brightness
High energy-efficiency
Low-voltage and current requirements
Low radiated heat
High reliability
Negligible UV rays
Long life span
Ability to be easily controlled and programmed

The analysts forecast the Global LED Industrial Lighting market will grow at a CAGR of 29.64 percent over the period 2013-2018.

The report, the Global LED Industrial Lighting Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the EMEA, the Americas, and the APAC regions; it also covers the Global LED Industrial Lighting market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

One of the emergiong trends in the market is the decreasing ASP of LED light bulbs, which has led to their wider adoption in lighting applications. LEDs have become the most flexible technology that can use lighting control systems, thus increasing the potential for savings.

According to the report, the need for energy-efficient lighting solutions is one of the key drivers in the market. Increased concern over the depletion of non-renewable sources of power and the need to minimize power consumption are driving the demand for LEDs in industrial facilities.

Further, the report states that the limited thermal tolerance of LEDs is one of the major challenges. When LED bulbs are subjected to the high-temperature environment in industrial applications, there is not only degradation in their power efficiency, but also a shortening of their life span.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Geographical Segmentation

08. LED Industrial Lighting Market in BRIC Countries

09. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact

12. Market Challenges

13. Impact of Drivers and Challenges

14. Market Trends

15. Trends and their Impact

16. Vendor Landscape

17. Key Vendor Analysis

18. Other Reports in this Series

Companies Mentioned: