Jan 14 2015
Research and Markets has announced the addition of Wintergreen Research, Inc's new report "LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2020" to their offering.
Next generation lighting achieves a complete replacement of incandescent filament bulbs with LED lighting that is more energy efficient, lasts longer and has a significantly lower cost of operation.
LED vendors seek to offer LED lighting products that achieve a lower total cost of ownership and enhanced product quality. The channel looks for a broad product portfolio. Those vendors with a broad product portfolio have access to strong retail channels. Channel strategy is further impacted by OEM relationships. A differentiated product design approach, proprietary technology and deep understanding of lighting applications aids the ability to compete in LED lighting markets.
LED lighting decreases labor costs of replacing bulbs in commercial situations. The LED bulbs are implementing new semiconductor technology. The 2015 study has 973 pages, 406 tables and figures. Worldwide LED lighting markets are poised to achieve significant growth as buildings and communities lead the way in implementing the more cost efficient systems. In some cases, the utility plants are providing funding and financing so that lighting users can make the shift to LED lighting.
You Must Have This Study:
- LED Lighting poised to capture 100% of lighting market
- LED lighting leverages solid-state technology to provide new integrated functionality, including audio capability inside the lighting
- Blue LEDs make economical white light a reality,
Market Opportunity:
- Create a dominant position in a range of indoor and outdoor lighting segments
- Leverage innovation in the solid state technology
- Achieve economies of scale that provide lower price points for customers and competitive advantage
Market Challenges:
- Compete with low price vendors
- Provide quality LED lighting products
- Design lighting that is attractive and utilitarian