Market Research Report Philips Revenue LED Lights

Increasing Awareness about Environmental Issues and Shift in Manufacturing Base to Cost Advantageous Locations to Drive LED Market in US: Ken Research    In long term, the LED lighting market will witness the launch of innovative products which will lead to an increase in demand by the population The increase in import quantities of LED lights by the US from China and other technologically advanced economies of the world will create more distributors in the country Fluorescent lighting manufacturers will shift their production to LED lights with the ongoing expansion in the market for energy saving lights in the country The increasing awareness towards environmental issues caused by the radiations and heat emitted by traditional lighting technologies will make more people shift to LED lights from fluorescent lights, thereby expanding the overall LED lighting market of the US. The increasing use of LED lights during the outlook period will be the major reason responsible behind the growing efficacy of LED lamps to almost 253 lumens per watt and 258 lumens per watt for warm white and cool white LEDs respectively. The LEDs produced today are over twice as efficient as some produced only five years ago. This trend will continue and LED efficacy will go up as production costs go down. This rapidly developing field not only brings new technology to consumers but also brings new producers to the technology. U.S. manufacturers have been moving operations overseas for decades to capture lower production costs and secure necessary materials. Long-term manufacturing trends are unclear given major efforts in China and other Asian countries to increase production. Increased efficiencies, improved light