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 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… Read More »
US LED Light Market Segmentation by Type of LEDs (Lamps/Luminaires) on the Basis of Revenue in USD Million, 2014-2016 – Ken Research Which Led Type Is Generating Maximum Revenue For The Us Led Lighting Market? Lower initial cost and ease of installation of LED lamps have made LED lamps dominate the market contributing ~% of the revenue to the total revenues of US LED lighting market in 2016. LED lamps were traditionally used by residential sector, whereas… Read More »
Reduction in Prices of LED, Low Market Penetration and Increasing Awareness campaigns about Energy Savings Supported the Sales of LED in US: Ken Research As per the report titled “US LED Lighting Market Outlook to 2021” by Ken Research, the overall LED lighting market of the US is expected to generate revenue of USD 23.6 billion by 2021 by growing at an expected 5 year CAGR of 25.7%. The US, being considered as the most developed country of the… Read More »
Increasing Awareness about Environmental Issues and Shift in Manufacturing Base to Cost Advantageous Locations to Drive LED Market in US: Ken Research In long term, the LED lighting market will witness the launch of innovative products which will lead to an increase in demand by the population The increase in import quantities of LED lights by the US from China and other technologically advanced economies of the world will create more distributors in the country Fluorescent lighting… Read More »
