Global Chip on Board Light Emitting Diode Market (2011 – 2016)
Urbanization, increasing infrastructure, and government initiatives are the factors resulting into increase in modern lighting products. Incandescent lighting turns out to be a very costly and poor medium of lighting source. This stirs the push to LED lighting. COB LED technology has emerged due to its features such as low power consumption, cost effective lighting, and high intensity output. COB LED market contributes around 7 to 8% to the overall market for LED and is expected to reach around 20% in the near future. http://www.bharatbook.com/detail.asp?id=217528&rt=Global-Chip-on-Board-Light-Emitting-Diode-Market-2011-2016.html
The market of COB LED is still in the growing stage and has high potential to grow in the near future. The government’s support towards banning incandescent lighting and urbanization will lead to increase in the demand for COB LED lights. At present, pricing is the main hurdle for COB LED technology but the price of COB LED will be falling; as companies will achieve technology expertise and economies of scale; thereby making it more competitive with respect to conventional lighting. COB LED will be mainly preferred for illumination due to its high density and better color mixing.
In global market, APAC is the market leader in COB LED technology; both in terms of manufacturing companies and also in usage. China, Japan, and Taiwan are the main contributors in overall APAC market. It is followed by U.S.; where urbanization and government’s support are driving the lighting market. Europe is close to U.S. It is where lighting is taking toll due to increase in the usage of ultra modern lighting for hospitality industry and architectural lighting. Rest of the world caters to Middle East region and Africa where Dubai is the largest contributor in infrastructure and lighting.
This report deals with all the driving factors, restraints, and opportunities of the COB LED market that is helpful in identifying trends and key success factors for the industry. This report also distinguishes between traditional lighting source and COB LED technology on the basis of various aspects. Report also profiles the various companies in the field of COB lighting, with their competitive landscape and strategies. Report show the winning strategies and burning issue pertaining to the COB LED industry.
The global market is expected to reach $3.4 billion in 2016 at a CAGR of 38.5% from 2011 to 2016. Application market will be more inclined towards illumination in general lighting and is expected to reach to $2.9 billion in 2016 at a CAGR of 36.9% from 2011 to 2016.
Scope of the report
This research report categorizes the global COB LED market on the basis of applications and geography; it also covers all the forecasting revenues and analyzing trends in the global COB LED market.
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