Skip to main content

Smart LEDs to Propel High Power LED Market Growth

The high power light-emitting diode (LED) market is projected to demonstrate a CAGR of 5.3% during the forecast period (2019–2024), due to the increasing demand for high-power LEDs from the automobile industry and government initiatives to promote energy conservation and energy efficiency. Because of these factors, the market is projected to escalate from $12,647.2 million in 2018 to $17,581.5 million by 2024. The key trend being observed in the market is the increasing preference for smart LED lights that can be controlled using smartphones and tablets. 

The growing popularity for smart LEDs is significantly adding to the high power LED market size. The increasing popularity is an outcome of higher energy efficiency of these LEDs and their ability to be controlled from any place at any time through tablets and smartphones. Additionally, the cost-effectiveness of these lights is another reason behind the growing focus on smart LEDs. The motion activation technology and adaptive lighting will curtail the expenditure of businesses and households because of the reduced power consumption. Moreover, users can improve indoor environment by altering color of these lights according to their preference.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/high-power-led-market/report-sample

Furthermore, the high power LED market growth is driven by the widescale adoption of energy-efficient lighting solutions. This is due to the fact that high-power LED lights consume less energy and efficiency of these lights to operate for long hours at a low cost of maintenance. In addition to these properties, high-power LEDs have a greater lifespan than conventional lights. Because of these advantages, countries such as Australia, India, the U.S., and China are working toward modifying their outdoor lighting systems by replacing conventional lighting lamps with high-power LEDs.

This market research report provides a comprehensive overview of the high power LED market
  • Historical and the present size of the high power LED market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential

Comments

Post a Comment

Popular posts from this blog

BFSI Using Advanced Security Solutions to Protect Data and Financial Assets

Banks and financial institutions are gradually shifting their core applications over to the cloud network, to offer a personalized banking experience, mitigate the risks associated with conventional technologies, improve the operational control of platforms, reduce capital expenditure, and meet the growing need for real-time analysis of high-volume data. However, the deployment of the cloud infrastructure escalates the risk of cyberattacks, as the data is stored at remote locations.  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/bfsi-security-market/report-sample To combat the cyber threat, such institutions are increasingly adopting a range of advanced security solutions. The financial service sector has become a prime target for cybercriminals, as it centers around financial assets and generates massive unstructured data. Moreover, progressive steps such as the adoption of online banking and shift toward digital processes have increased the pro
Post a Comment
Read more

RF Semiconductor Market a $5.0-Billion Investment Opportunity by 2030

The major factors leading to the rising demand for radiofrequency (RF) semiconductors are the increasing popularity of smartphones, enhancements in the wireless communication technologies, and escalating adoption of the internet of things (IoT). As a result, from $2.1 billion in 2019, the market of RF semiconductor will witness an 8.8% CAGR during 2020–2030 (forecast period), to reach $5.0 billion by 2030. Made of semiconductor materials, such components enable RF communication in an array of sectors. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/rf-semiconductor-market-report/report-sample The material segment of the market is classified into indium phosphate, gallium arsenide, gallium nitride, silicon, and silicon germanium. Among these, during the historical period (2014–2019), the largest share was held by the gallium arsenide category because RF semiconductors made from this material consume less power, account for low power dissipation, ca
Post a Comment
Read more

How Is Consumer Electronics Sector Helping Silicon on Insulator Market Grow?

Currently, the major players of the silicon on insulator market are taking strategic measures, such as product launches, facility expansions, partnerships, geographical expansions, client wins, and mergers and acquisitions, to gain a competitive edge in the market. For example, in January 2019, Soitec SA extended its collaboration with Samsung Foundry to increase the volume supply of FD-SOIs.  With the new agreement, these companies extended their partnership and secured a high-volume supply of FD-SOI wafers to cater to the surging demand for SOI wafers in consumer, automotive, and internet of things (IoT) applications. The wafer type segment of the silicon on insulator market is categorized into radio-frequency SOI (RF-SOI), power-SOI, imager-SOI, photonics-SOI, fully depleted SOI (FD-SOI), and partially depleted SOI (PD-SOI).  In 2018, the RF-SOI category generated the highest revenue, due to the escalating use of RF-SOI in advanced LTE smartphones and huge investments made in the
Post a Comment
Read more