DUBLIN, Aug. 19, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/435jcj/led_components) has announced the addition of the "LED Components Market in Japan 2015-2019" report to their offering.
The LED components market in Japan to grow at a CAGR of 9.3% during the period 2014-2019.
APAC is the major producer of LED components and is home to the four major manufacturing countries: Japan, Taiwan, China, and South Korea. These countries account for an 83% share of the global LED component market.
This report covers the present scenario and the growth prospects of the LED components market in Japan for the period 2015-2019. To calculate the market size, we considered revenue generated from the shipment of LED components and the amount LED components used to manufacture LED lighting panels in Japan and a discussion of the key vendors operating in this market.
Vendors are continuously enhancing the lighting technology for LEDs to compete with the OLEDs. This lighting advancement will enable the manufacturers to increase the efficiency and durability for the LED components. The advancement will also increase the features such as voltage, consumption, and conductivity in the end-products. For example, the average luminous efficiency of high-end products is about 150 lm/W. The vendors from other regions have produced over 170 lm/W but the components in Japan are slowly crossing the defined range, leading to the steady growth in the market.
According to the report, LEDs are energy saving and contain features that enhance sustainability. Hence, the Japanese government has proposed policy incentives to accelerate LED product promotion and encourage the use of LED lighting products. The government has rolled out national policies to provide tax breaks to SMEs on the purchase of energy-saving products leading to growing margins for manufacturers. Also, many local governments, including Tokyo, and Chiyoda, have launched subsidy programs wherein companies purchasing energy-saving products in accordance with the specified standards can apply for grants to install one-fifth of the amount.
Further, the report states that the rising competition from countries such as China is one of the major challenges faced by vendors in the LED component market in Japan.
- Everlight Electronics
- Huga Optotech
- Lite-On Optoelectronics
Other Prominent Vendors
- Kingbright Electronics
- Lextar Electronics
- Opto Tech
- Taiwan Semiconductor Manufacturing
For more information visit http://www.researchandmarkets.com/research/435jcj/led_components
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets