London, 10 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the LED Lighting Market in Japan 2015-2019, which is expected to grow at a CAGR of 17.73 percent during the forecast period of 2014-2019.
“LEDs are technically efficient in terms of lighting and power consumption. They limit power consumption more effectively than conventional incandescent bulbs,” says Faisal Ghaus, Vice President of TechNavio.
“Flexible LED technology enables LEDs to use lighting controls more effectively and thus increases the potential for savings compared with incandescent light bulbs.”
Key Market Drivers
- Focus on LED Standardization
- Minamata Convention on Mercury
- Government Support and Incentives for LED Lighting Projects
- Increased Demand for LED Lighting in Various Applications
- Long Lifespan of LEDs
Key Market Trends
- Decline in ASP of LED Light Bulbs
- Need for Energy-efficient Lighting Solutions
- Demand for Intelligent Lighting Systems
- Shift to Large Diameter Sapphire Wafers
Key Market Vendors
- Cree Inc.
- Nichia Corp.
- OSRAM Opto Semiconductors GmbH
- Panasonic Corp.
- Philips Lumileds Lighting Co.
- Samsung LED Co. Ltd.
- Sharp Corp.
- Toshiba Lighting and Technology Corp.
To define the market circumstances 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%…
