- The key vendors in the Global General Lighting Market 2015-2019 are General Electric (GE) Co., Koninklijke Philips NV, Panasonic Corp. and Schneider Electric SE.
London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global General Lighting Market 2015-2019. One key trend witnessed in the market is the increased market penetration of LEDs. The high rate of penetration can be mainly attributed to the fact that LEDs are considered an energy-efficient lighting source compared with traditional lighting sources. The Global General Lighting market is expected to grow at a CAGR of 5.33 percent and 4.42 percent in terms of revenue and unit shipment, respectively, during the period 2014-2019.
“Due to the high demand for fixed LED lighting sources, LED packages are increasingly being used in general lighting as well. This in turn will lead to a decrease in inventory backlogs of LED packages over the next few years, because of the increase in demand for LED lighting sources,” says Faisal Ghaus, Vice President of TechNavio Research.
“This factor will also enable vendors of LED packages to diversify their customer portfolios and increase their profitability by reducing their inventory levels in the supply chain.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
