The U.S. LED Market 2018-2023 - Projected to Grow from $8.05 Billion in 2017 to $15.97 Billion by 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 2, 2019--The “US LED Market - By Type of Use (Indoor Lighting, Outdoor Lighting), Category Type (General Purpose, Integrated Fixtures/Luminaire, Linear), Trends, Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The market was valued at USD 8.05 billion in 2017 and is expected to reach a value of USD 15.97 billion by 2023 at a CAGR of 12.6% over the forecast period (2018-2023).
The demand component, on the other hand, was valued at USD 3.1 billion in 2014, and is projected to grow at a CAGR of 12.8% over the forecasted period to reach USD 6.38 billion by the end of 2020.
The increasing popularity of LEDs will also lead to the adoption of smart lighting systems (connected lighting). Given the flexibility of LEDs in terms of color variation and brightness, it makes more sense for connected systems to use LEDs than traditional lighting sources.
Increasing penetration of smartphones and energy saving advantages associated with connected lighting systems will further drive the market for LED lighting, especially in countries where the technology adoption happens swiftly, such as the United States.
The US LED market is segmented by subcategories such as indoor and outdoor lighting, LED display, sign and chips as well as it is segmented as subdivision, LED bulb, spotlight, street light, panel light and flood light as major ones.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. United States LED Industry Market Dynamics
5. Market Segmentation
6. Vendor Market Share
7. Company Profiles
8. Investment Analysis
9. Future Outlook of the United States LED Market
For more information about this report visit https://www.researchandmarkets.com/research/p3wl2w/the_u_s_led?w=4
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Related Topics:LED (Light Emitting Diodes)
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SOURCE: Research and Markets
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PUB: 01/02/2019 05:30 AM/DISC: 01/02/2019 05:30 AM