led lighting market in north america 2015-2019
TRANSCRIPT
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LED Lighting Market in North America 2015-2019
• The report discusses the following in-depth:
• Market Segmentation by Product
• Market Segmentation by Nature of Transaction
• Demographic Segmentation
• Service Segmentation
• Business Segmentation by Revenue
• Geographical Segmentation by Revenue
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LED Lighting Market in North America 2015-2019,
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Key Trends
TechNavio’s senior analyst says, “Despite the presence of strong drivers, the growth of the LED Lighting market in North America is curtailed by some serious challenges. The high cost of raw materials is one of the major challenges in the market. .”
• An LED is a semiconductor light source used for automotive lighting, backlighting, and general lighting in residential, office, retail, and hospitality spaces as well as in industrial, outdoor, and architectural applications. Its efficiency and low cost help address key issues such as energy crisis, resource scarcity, and climate change.
• The LED Lighting market in North America is expected to grow at a CAGR of 21.12 percent during the forecast period.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Enabling technologies and the roadmap
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge and trend is
available in our report:
LED Lighting Market in North America 2015-2019
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Vendor Landscape
For a full list of vendors view our report,
LED Lighting Market in North America 2015-2019
Cree Inc.
LG Innotek Co. Ltd.
Nichia Corp.
Cree relies more on innovation and develops new products to deliver real economic and competitive value to its customers. The company constantly improves its product quality and performance to develop bright and efficient low-cost products.
LG Innotek is known for its product differentiation, quality, time-to-market, and brand management capabilities. The company focuses on only one goal: to manufacture the best performing LEDs through innovation and R&D.
Nichia's strategy is to expand its business in North America because of an increase in focus on energy-efficient lighting solutions and favorablegovernment policies in the region. Its strategy is to establish a system that covers high-end, mid-end, and low-end customers, and one that enhances co-operation with big and powerful clients to form alliances.
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Market Landscape
• The LED Lighting market in North America is expected to witness significant growth during the forecast period because of supportive government regulations and the LED lighting distribution policy to phase out incandescent light bulbs for general lighting.
• This will lead to a ban on the manufacturing, sales, and import of incandescent light bulbs, thus encouraging the use of energy-efficient lighting solutions such as LEDs.
• The phasing out of 40-60 W incandescent bulbs in Canada, Mexico, and the US in 2014 is expected to drive the penetration of LEDs in general lighting applications.
• Also, government agencies and utilities are offering tax rebates, subsidies, and other incentives for the use of LEDs.
• For instance, consumers could avail in-store discounts on the purchase of ENERGY STAR-certified LED lighting products.
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Key Buying Criteria
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• Authenticity • Delivery • Price• Service Support
• Cost: End-users in general lighting applications are individual customers.
• These users are price-sensitive, and hence product price is one of the most important buying criteria.
• Durability: Individual customers prefer lighting sources that function for long durations without technical glitches.
• Luminous Efficacy: Individual customers use LEDs in places where luminous efficacy is not important.
• Power Efficiency: Individual customers are concerned about power consumption and prefer to use LEDs as they help reduce utility bills.
• Reliability: Consumers prefer lighting solutions that are resistant to shock and vibration.
• The impact of the buying criteria is graded on the basis of the intensity and duration of their influence on the current market landscape.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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LED Lighting Market in North America 2015-2019
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