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The US Department of Energy (DOE) has released its latest report in a series analyzing markets where LEDs compete with traditional lighting sources. The new report, Adoption of Light-Emitting Diodes in Common Lighting Applications, reveals a wealth of insights into promising pathways for SSL technology development, providing estimates of the energy saved in 2014 due to current levels of LED penetration in 10 lighting applications, as well as the potential energy savings if each of these applications had switched completely to the best available LED products. Most notably, it puts the spotlight on two commercial and industrial applications – linear and low-bay/high-bay – that hold by far the greatest potential for future energy savings from SSL.

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According to a new report by Allied Market Research titled, “Global Automotive Lighting Market – Technology, Vehicle Type, Applications, Size, Share, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2014–2020″, the global automotive lighting market is expected to reach $33.7 billion by 2020, registering a CAGR of 6.7 percent during 2015–2020. Automotive lighting industry is witnessing a steady growth on account of growing automotive production across the world. The growing emphasis on vehicle safety and government regulations regarding automotive lighting systems, are contributing to the market growth. Additionally, increasing disposable income of people is supporting the demand of aesthetic looks for vehicles, which in turn, is creating the demand for advanced lighting solutions.

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Strategies Unlimited has released its new report: The Worldwide Market for LEDs – Market Review and Forecast 2015. The worldwide LED market is forecasted to grow to more than $22 billion in 2019. Ten companies accounted for more than 65 percent of the LED market. Strategies Unlimited arrived at these figures after analyzing market demand as well as the supply-side activities of more than 50 LED component suppliers.

This report analyzes LEDs used in the following applications: lighting, automotive, displays, mobile devices, signs, and other categories.

REPORT HIGHLIGHTS:

  • The forecast is broken out by material type and package type and evaluates the global market for low-power, mid-power, high-power, and super-high power LEDs.
  • Lighting now accounts for nearly 35 percent of global revenues and has grown 15 percent since 2013 and will continue to grow through 2019.
  • The TV/Monitor backlight segment grew in 2011, but revenue has continued to decline and will decline further through 2019.
  • The automotive market is showing steady growth of 10 percent through 2019.
  • China’s portion of global revenues grew to 15 percent from just a 2 percent share several years ago.


Report Price: $5,450

For more information, visit http://store.strategies-u.com/the-worldwide-market-for-leds-market-review-and-forecast-2015/

 

– See more at: http://www.ledjournal.com/main/news/the-worldwide-market-for-leds-2015/#sthash.i93AjSGf.dpuf

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