United States Led Lighting Market, Philips Revenue Led Lights, Technology Led Lighting US - Ken Research

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US LED Lighting Market Revenue Is Expected To
Grow at a Rapid Pace Owing to the Rising Number
of Players Entering the LED Lighting Industry
Ken Research
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Lighting market was traditionally dominated by
fluorescent tube lights (FTLs) and incandescent
bulbs (ICLs) until a decade ago. The prime
reasons attributed to their dominance were easy
availability, cheaper products relative to other
lighting products and easy installation. However,
these lighting sources were highly inefficient in
terms of energy consumption. FTLs and ICLs use
close to 20 of energy whereas the remaining
energy is converted into heat.
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With the advancements in technology, superior
sources of lighting such as LEDs came into the
market. Light Emitting Diodes (LEDs) are solid
state semiconductor devices without mercury
content being present in them. The manufacturing
of LED lights is quite complex and requires raw
materials such as LED chips, heat sink and
thermal interface material. The global market
for LED lighting has showcased a robust
performance backed by bans on incandescent lights
that has led to the gradual entry of LED products
in the residential lighting markets and other
sectors. Improved LED luminous efficacy and
lowered LED product prices contributed to higher
consumer acceptance levels and rising penetration
rates. Japan is considered as the largest market
for LED lighting across global market, followed
by Europe and North America. China LED lighting
market has posted phenomenal growth and is growing
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at the fastest growth rate due to concentration
of manufacturers producing Lighting and LED
products. Manufacturers of LED lights have
indicated that the growth in LEDs market revenues
is directly dependent on the economic growth of
the country. The rising awareness for global
warming made people switch to LED lights from the
traditional use of fluorescent bulbs which emit
heat and CFCs thereby impacting the environment.
This augmented the growth of LED lighting market
in the country. The traditional use of
incandescent bulbs is being replaced by LED
reflectors to a great extent, making this segment
generate the maximum revenue among all types of
LED lamps available in the US. The overall
lighting market of the US, which was
traditionally driven by the use of fluorescent
tube lights, witnessed a change with LED tubes
making a positive impact in the market.
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The increasing use of LED downlights for both
residential and commercial purposes has made this
segment dominate the LED luminaires market.
Considered to be more stylish and modern as per
the latest technology, LED downlights are
primarily used as ceiling lights. Key Topics
Covered in the Report Led Lighting in the
US Global Led Lighting Market Technology Led
Lighting US Philips Revenue Led Lights US Led
Lighting Manufacturers Outdoor Area Lights Market
US Market New Products Led Lights
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Competition Lighting Products US United States
Led Lighting Market Lighting Bulb Manufacturing
In the US Led Parking Garage Manufacturers in
US Industrial Commercial Led Lighting
Market Smart Lighting Market and Technology
Trends For more information on the market
research report please refer to the below
link https//www.kenresearch.com/consumer-product
s-and-retail/consumer-electronics/us-led-lighting-
market-report/96117-95.html
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t/617-103.html Contact Us Ken Research Ankur
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