ResearchMoz.us includes new market research report " LED Lighting Market Forecast 2014-2020: Industry Size, Shares, Strategies, Growth, Analysis, And Forecast" to its huge collection of research reports.
Albany, NY, June 2015 -- Next generation lighting achieves a complete replacement of incandescent filament bulbs with LED lighting that is more energy efficient, lasts longer and has a significantly lower cost of operation. Philips, the market leader has been the first casualty as the profit margin on the individual LEDs is eroded because of overproduction in China. The achievement in price declines because of economies of scale, and general competitive pressure have drastically impacted the market. Philips is set to sell its lighting business. The Dutch electronics group Philips has attracted bids from several private equity groups for the majority of its lighting components business, up for sale as it focuses on higher-margin activities.
View report details with TOC at: http://www.researchmoz.us/led-lighting-market-shares-strategies-and-forecasts-worldwide-2014-to-2020-report.html
The report states that the global lighting market will achieve tremendous growth, from US$4.8 billion in 2012 to US$42 billion by 2019 at a CAGR of 45%.
