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World LED Lighting Markets - Government Initiatives and Declining Prices are Driving the High Growth

The key challenges that the LED lighting market face are the prevalence of alternate technologies and high initial investment. Raising awareness amidst residential end users, financing projects, and leasing and maintenance of lighting solutions in the professional lighting market can tackle these challenges and provide untapped opportunities. End users benefit from the savings on their energy bills due to decreasing payback period from using LED products. Infrastructure spending and new construction activities will open doors for new installation of this technology in the professional market. High level of consciousness towards energy efficiency and activity in the outdoor applications will also contribute to market revenue. The scope of the study includes LED lamps or light sources and luminaires and does not include packaged LED itself. For more info: