Global LED Materials Market is Expected to Generate Huge Profits by 2021Chemicals ResearchUpdated on Jan 10, 2020 View more like this | Visit NORTHBROOK, IL | Contact Rohit |
The report [130 pages] "LED Materials Market by Material Type (Substrate, Wafer, Epitaxy, Phosphor), Application (General Lighting (Residential, Industrial, Outdoor), Automotive Lighting (Interior, Exterior), Backlighting), and Region - Global Forecast to 2021", The market for LED materials is expected to reach USD 12.55 Billion by 2021, at a CAGR of 9.9% from 2016 to 2021.
Download PDF brochure of the Report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116248392
Asia-Pacific: The largest market for LED materials in 2016
Asia-Pacific is currently the largest market for LED materials. China is the leading country where there is major consumption of LED materials in end-use industries such as general lighting, automotive lighting, backlighting, and others. Moreover, the growing population with rising disposable income in China is driving the demand for better quality LED materials.
Wafers is the largest type segment of the LED materials market in 2016
LEDs are constructed using the following materials: wafer, epitaxy, substrate, and phosphor. The wafers segment accounted for the largest market share, in terms of value, followed by the epitaxy segment in 2016. The wafers segment is also projected to grow at the highest CAGR from 2016 to 2021, in terms of value.
https://www.prnewswire.com/news-releases/led-materials-market-worth-1255-billion-usd-by-2021-619833563.html
General lighting expected to dominate the market for LED materials market in 2016
The general lighting application segment is projected to drive the LED materials market, aided by the increased demand from residential LED markets to reduce the overall energy costs. Industrial lighting, which comes under general lighting, is also expected to contribute to the growth of LED materials market. The use of LEDs in industrial settings has increased as they are able to overcome challenges such as extreme temperature ranges and continuous or long operational hours better than the conventional lighting sources.
Key players in the LED materials market are Sumitomo Electric Industries, Ltd. (Japan), Hitachi Metals, Ltd. (Japan), Cree, Inc. (U.S.), Seoul Semiconductor Co., Ltd. (South Korea), Nichia Corporation (Japan), EPISTAR Corporation (Taiwan), Koninklijke Philips N.V. (Netherlands), OSRAM Licht AG (Germany), II-VI incorporated (U.S.), and Akzo Nobel N.V. (Netherlands).
Early buyers will receive 10% free customization on this report.
Don't miss out on business opportunities in LED Materials Market.
Read our blog for more details: https://chemabd007.blogspot.com/2019/06/led-materials-market-worth-1255-billion.html
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
Download PDF brochure of the Report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116248392
Asia-Pacific: The largest market for LED materials in 2016
Asia-Pacific is currently the largest market for LED materials. China is the leading country where there is major consumption of LED materials in end-use industries such as general lighting, automotive lighting, backlighting, and others. Moreover, the growing population with rising disposable income in China is driving the demand for better quality LED materials.
Wafers is the largest type segment of the LED materials market in 2016
LEDs are constructed using the following materials: wafer, epitaxy, substrate, and phosphor. The wafers segment accounted for the largest market share, in terms of value, followed by the epitaxy segment in 2016. The wafers segment is also projected to grow at the highest CAGR from 2016 to 2021, in terms of value.
https://www.prnewswire.com/news-releases/led-materials-market-worth-1255-billion-usd-by-2021-619833563.html
General lighting expected to dominate the market for LED materials market in 2016
The general lighting application segment is projected to drive the LED materials market, aided by the increased demand from residential LED markets to reduce the overall energy costs. Industrial lighting, which comes under general lighting, is also expected to contribute to the growth of LED materials market. The use of LEDs in industrial settings has increased as they are able to overcome challenges such as extreme temperature ranges and continuous or long operational hours better than the conventional lighting sources.
Key players in the LED materials market are Sumitomo Electric Industries, Ltd. (Japan), Hitachi Metals, Ltd. (Japan), Cree, Inc. (U.S.), Seoul Semiconductor Co., Ltd. (South Korea), Nichia Corporation (Japan), EPISTAR Corporation (Taiwan), Koninklijke Philips N.V. (Netherlands), OSRAM Licht AG (Germany), II-VI incorporated (U.S.), and Akzo Nobel N.V. (Netherlands).
Early buyers will receive 10% free customization on this report.
Don't miss out on business opportunities in LED Materials Market.
Read our blog for more details: https://chemabd007.blogspot.com/2019/06/led-materials-market-worth-1255-billion.html
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
