Global Industrial and Commercial LED Lighting Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of Almost 15% - ResearchAndMarkets.com
Jun. 08, 2018
DUBLIN--(BUSINESS WIRE)--Jun 8, 2018--The "Industrial and Commercial LED Lighting Market by Application (Indoor Lighting and Outdoor Lighting) and End User (Residential, Commercial, Transportation, Industrial, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
According to a recent report, titled, Industrial and Commercial LED Lighting Market by Application and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global industrial and commercial LED lighting market was valued at $29.60 billion in 2016, and is projected to reach at $79.49 billion by 2023, growing at a CAGR of 14.9% from 2017 to 2023.
When an electric current is passed through an LED, light is emitted. An LED is a semiconductor device, with output ranging from blue-violet to red. Some LEDs are called infrared emitting diodes (IRED), emitting infrared (IR) energy, which is greater than or equal to 830 nm. An LED consists of two elements of processed material, namely, N-type semiconductors and P-type semiconductors, which are placed in direct contact to form a region called P-N junction.
Features such as higher efficiency, longer operating life, high reliability, less power consumption, and compact & robust nature over conventional lighting, and favorable government regulations fuel growth of the industrial and commercial LED lighting market. However, high initial cost, voltage sensitivity, and temperature dependence impede the market growth.
The industrial and commercial LED lighting market is segmented based on application, end user, and region. Based on application, it is bifurcated into indoor lighting and outdoor lighting. The end user segment is divided into residential, commercial, transportation, industrial, and others.
Companies Mentioned:Eaton Corporation Plc. Cree Inc. DECO Enterprises, Inc. Dialight Plc. OSRAM Licht AG General Electric Company Koninklijke Philips N.V. Toshiba Corporation Zumtobel Group AG IBM
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Industrial And Commercial Led Lighting Market, By Application
Chapter 5 Industrial And Commercial Led Lighting Market, By End User
Chapter 6 Industrial And Commercial Led Lighting Market, By Region
Chapter 7 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/6vwvsv/global_industrial?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180608005272/en/
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Related Topics:LED (Light Emitting Diodes)
INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR
SOURCE: Research and Markets
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PUB: 06/08/2018 06:56 AM/DISC: 06/08/2018 06:56 AM