LED Lighting Global Market
With the steady increase within the usability and potency of light-emitting diodes (LEDs) over traditional light bulbs throughout the last decade, the worldwide marketplace for high-brightness LEDs is projected to achieve nearly $46.4 billion in 2014 and $105.5 billion in 2019, with a compound annual rate (CAGR) of seventeen.9%. LEDs for general illumination applications have the very best rate of any major section with a CAGR of twenty-two between 2014 and 2019. By 2019, shipments of semiconductor diode for general illumination ought to reach $89.2 billion, or nearly eighty fifth of the general semiconductor diode market.
The North yankee, European and Asia-Pacific regions have historically been the most important customers of high-brightness LEDs. Over the forecast amount, Chinese consumption can grow at the foremost speedy rate. This migration follows the trail of alternative merchandise that China at the start made so oversubscribed to the overall population. By the top of the forecast amount, China’s share of shopper use can have nearly doubled.
Lighting is one in all the foremost widespread, necessary and growing energy users. In the U.S., recent information indicates that slightly over 12-tone system of electricity and 6 June 1944 of all energy is consumed simply to supply lighting. international production of energy for lighting is around three,400 TwH annually or the equivalent of regarding one,700 power plants. connected carbon emissions were calculable at over four hundred million tons per year. enhancements in lighting potency, therefore, ought to have a very important economic and environmental impact.
Light-Emitting Diodes (LEDs) for Lighting Applications discusses led technology, benefits, applications and markets. additionally, it examines the worldwide factors impacting this technology generally like economic issues and environmental issues. Forecasts of unit shipments and their values area unit created for 2013, 2014 and 2019.