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LED Industrial Lighting Market Growing at 21.75% CAGR to 2020

Published: Mar 21,2016

According to the ReportsnReports.com, an online market research, that high growth of global LED industrial lighting market is driven by increasing adoption of smart lighting systems, rising demand for power-efficient lighting across industries, increasing concern over the depletion of non-renewable sources of power, and the declining price of LED lights.

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APAC is the major revenue-contributing region in the market, owing to the presence of a large number of LED lighting manufacturing units and industries in the region. This report covers the present scenario and the growth prospects of the global LED industrial lighting market for the period 2016-2020.

LED lights are used for multiple applications in the residential, architectural, office, and industrial sectors. The report includes the market for finished LED lighting products that are used for industrial applications only. The finished product refers to a completed assembly of LED lamps.

On a related note, analysts forecast global LED production equipment market to grow at a CAGR of 5.5% during the period 2015-2019. To calculate the market size, the report considers the revenue generated from the shipment of LED production equipment to LED manufacturers. The report considers the revenue generated from the shipment of LED production by product type namely: Front-end processing equipment and Back-end processing equipment.

This report, Global LED Production Equipment Market 2015-2019, says technology transformations such as node size reduction, large-diameter wafers, and increasing epitaxy capacity need to be supported by LED production equipment. Therefore, the demand for LED production equipment depends on the demand for LEDs.

Increasing government support for the production and sale of light-emitting diode (LEDs), declining prices of LED lights and lighting fixtures, and increasing demand for LEDs from the residential sector are some of the significant factors, boosting the demand for LED production equipment.

APAC occupies more than 88% of the total market share, owing to the presence of prominent vendors in this region. Global LED production equipment market is set to surpass $1.5 billion by 2019, according to this research that talks about companies like Aixtron, Taiyo Nippon Sanso, Veeco Instruments, Jusung Engineering, Nuflare Technology and Valence Process Equipment.

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