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Research and Markets: LED Lighting Market in North America 2015-2019 with Cree, LG Innotek, Nichia, OSRAM Opto Semiconductors, Philips Lumileds Lighting, Samsung LED & Seoul Semiconductor DominatingResearch and Markets (http://www.researchandmarkets.com/research/5q73g5/led_lighting) has announced the addition of the "LED Lighting Market in North America 2015-2019" report to their offering. The LED Lighting market in North America will grow at a CAGR of 21.12 percent over the period 2014-2019. The report, LED Lighting Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market. The increased adoption of HB LEDs is one key trend in this market. With the growing number of HB LED applications in automotive headlights, backlighting of notebook computers and LCD televisions, and general lighting applications, LED manufacturers are now focusing on better strategies to tap the untapped potential of the HB LED market. In addition, the use of HB LEDs for commercial, industrial, and residential appications is expected to expand rapidly during the forecast period. According to the report, the adoption of ENERGY STAR (News - Alert) certifications is one of the major drivers of the market. ENERGY STAR certification is a government-backed program introduced to promote the usage of energy-efficient lighting solutions, and reduce greenhouse gas emissions. Further, the report states that the high cost of raw materials is one of the major challenges in the market. Semiconductors such as gallium arsenide, gallium phosphide, and gallium arsenide phosphide, and precursors such as trimethyl aluminum used in LED manufacturing are costly, resulting in a high cost of manufacturing. LED lights have many advantages over other lighting sources, which are as follows:
Key Vendors
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For more information visit http://www.researchandmarkets.com/research/5q73g5/led_lighting
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