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Light Emitting Diode (LED) Market Worth USD 71.35 Billion by 2021 - Scalar Market Research
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The global LED market report offers in-depth analysis of the market size (revenue), market share, major market segments, global geographies, forecast, key players, and premium trends. It also focuses on the key drivers and opportunities in this market.
Early buyers will receive 10% customization on this report.
Key findings of the report:
1. The key players in the LED market are set to witness impressive growth over the next three to four years. The market is expected to gain major traction across the emerging geographic regions, thanks to the steady rise in demand.
2. Rapidly decreasing costs of the LED products, longevity, and trending energy efficient lifestyle are expected to be the major drivers for the LED market.
3. Growth in the large screen backlighting and display market is also expected to play a significant role in the overall growth of the LED market. Eco-friendly usage and growth in the demand for energy conserving products are also expected to create business opportunities for this market.
Detailed segmentation of the LED market
The report segments the global market by the types of technologies and their applications. It also offers in-depth analysis of the major geographic regions of the market, which emphasizes on the global LED market share distribution. According to the report, Europe is expected to dominate the global market with the largest market share. The strong production and distribution model is expected to be the primary reason for the dominance of Europe over the market, during the forecast period. Asia-Pacific is expected to become the fastest-growing region with increasing demand for this technology. Government initiatives about energy conservation are also expected to create major growth opportunities for the LED market across the emerging economies.
The global LED market report also analyzes the prominent players in this market, which include:
1. American Bright
2. Cree, Inc.
3. International Light Technologies Inc.
4. LEDtronics, Inc.
5. Lumileds Holding B.V.
6. Samsung
7. Seoul Semiconductors Co., Ltd.
8. OSRAM Licht AG
9. Nichia Corporation
10. General Electric Company
11. Toyoda Gosei Co., Ltd
Browse Report: https://www.scalarmarketresearch.com/market-reports/led-light-emitting-diode-market
About Scalar Market Research
Scalar Market Research, Inc., a U.S.-based market research and consulting firm, aspires to assist organizations from around the world to achieve their business goal with premium market research reports and consulting services. Our real-time industry tracking, with the help of advanced analytics, offers a crystal clear view of all the activities in niche markets. Our team, with thorough global understanding, works relentlessly to gather the necessary market insights, including customer analysis, competitions and global forecast.
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