© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - United States LED Lighting Market to Reach $5.2 Billion in 2015
Posted 13th April 2015

United States LED Lighting Market to Reach $5.2 Billion in 2015

Declining LED prices coupled with supportive government initiatives driving US LED lighting market.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

United States LED Lighting Market to Reach $5.2 Billion in 2015
Image

United States LED Lighting Market to Reach $5.2 Billion in 2015

Declining LED prices coupled with supportive government initiatives driving US LED lighting market.

With continuing innovation over the last decade, LED technology has made huge in roads into general lighting applications due to it being highly energy efficient, cost effective and environment friendly. United States witnessed the launch of LED lighting products in early stages of technology development, and over the last five years, the LED lighting market has witnessed a phenomenal growth and is gradually moving towards maturity. General lighting, backlighting and automotive segments are the major end-use LED applications. Presently, the general lighting segment dominates LED lighting market and is expected to account for majority of the market demand by 2020.

According to a recently published report by TechSci Research “United StatesLED Lighting Market Forecast & Opportunities, 2020”, the US LED lighting market is expected to touch an estimated USD5.2 billion in 2015. Key factors boosting the demand for LEDs include continuously declining LED prices due to decreasing production cost coupled with initiatives taken by the US government such as Energy Policy Act of 2005 and increasing consumer inclination towards adoption of green technologies. Cree, Philips, GE and Osram Sylvania are few of the major players in the US LED lighting market. These leading players are expected to witness further increase in their respective market shares during the forecast period as a result of their wide ranging product portfolio and highly competitive product pricing strategies.

“Continuing innovation in LED lighting technology along with recovering construction and automobile industry and favorable government initiatives to promote the use of LED technology are expected to positively influence the US LED lighting market over the next five years. The market is also expected to witness increasing consolidation in the coming years. In addition, ban on use of incandescent lamps and sharply declining LED prices are expected to further boost the demand for LED lighting products in the country,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“United StatesLED Lighting Market Forecast & Opportunities, 2020” has evaluated the future growth potential of the US LED lighting market and provides statistics and information on market structure and consumer behaviour trends. The report includes LED lighting projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies the emerging trends along with essential drivers, challenges and opportunities in LED lighting market in the US.

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
Direct Selling: Breaking Down Barriers for Female Entrepreneurs
Leadership
08/03/2023Direct Selling: Breaking Down Barriers for Female Entrepreneurs

The number of women determining their own success by becoming their own bosses has increased over the last decade with an estimated 252 million females running their own businesses[1]. With this number continuing to climb, it’s clear that more women than eve

Read Full PostRead - Eye Icon
What to Consider When Setting Up a Payroll System for Your Small Business
News
02/12/2021What to Consider When Setting Up a Payroll System for Your Small Business

It’s a good idea for any business to have an accurate and up-to-date payroll system. Some people might not think about the need to have a payroll system until they’re ready to hire employees. Thus, having one in place before you start hiring is muc

Read Full PostRead - Eye Icon
A Long-Term Investor
Finance
05/12/2016A Long-Term Investor

Perceva is a Paris-based independent private equity firm, focusing on companies facing challenges.

Read Full PostRead - Eye Icon
Charter to Buy Time Warner for $55 Billion
Finance
27/05/2015Charter to Buy Time Warner for $55 Billion

Charter Communications and Time Warner Cable announced that they have a definitive agreement for Charter to buy with Time Warner Cable.

Read Full PostRead - Eye Icon
Innovate to Improve
Innovation
15/01/2020Innovate to Improve

Ensuring that safety procedures are completely and totally compliant with all the necessary rules and regulations is becoming increasingly important with more guidelines coming into effect every year. One firm, The Compliance Workbook (TCW), are helping client

Read Full PostRead - Eye Icon
Abbott to Sell Portion of Vascular Closure and Electrophysiology
Finance
19/10/2016Abbott to Sell Portion of Vascular Closure and Electrophysiology

Abbott and St. Jude Medical, Inc. announced today an agreement in principle to sell certain products to Terumo Corporation.

Read Full PostRead - Eye Icon
PREQIN HEDGE FUND PERFORMANCE UPDATE: NOVEMBER 2017
Finance
21/12/2017PREQIN HEDGE FUND PERFORMANCE UPDATE: NOVEMBER 2017

PREQIN HEDGE FUND PERFORMANCE UPDATE: NOVEMBER 2017

Read Full PostRead - Eye Icon
How Your Business Can Work Smarter Not Harder with Software
Innovation
25/05/2023How Your Business Can Work Smarter Not Harder with Software

Running a business can be a challenging and time-consuming process. In fact, it’s incredibly easy to consider that long hours and gruelling days are the only way to achieve success. Fortunately for many, this is not the case. The latest research from Microso

Read Full PostRead - Eye Icon
D&G Dobos Gerlai Advise Maltacourt During Acquisition of Mili-Cargo
Finance
02/06/2015D&G Dobos Gerlai Advise Maltacourt During Acquisition of Mili-Cargo

D&G Dobos Gerlai Advise Maltacourt During Acquisition of Mili-Cargo



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow