Rigid LED Lighting Show Healthy Growth

The total global market for LED lighting is expected to grow from $3.8 billion in 2010 to $8.3 billion in 2014,according to a new report entitled “rigid LED strips,Market Analysis & Forecast”from market-research firm Strategies Unlimited.Replacement LED lighting are analyzed separately, and the market for LEDs will exceed $10 billion in 2014. For many SSL applications, the quality of LEDs has improved to a point that performance is no longer an issue.Instead, the main issue is now the price of designing LEDs into luminaires. White LED lighting applications have been boosted by improvements in HB-LED performance and price;heightened awareness about energy efficiency;phasing out of incandescent LED bulbs;and fiscal stimulus undertaken by various countries around the world. Quality issues that affected the market penetration of previous energy-efficient LED lighting technologies continue to affect the SSL market. However, the resolve to reduce energy consumption is likely to propel LED technology to be widely commercialized. led-lighting-show-healthy-growth

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