Global market research and consulting firm TechSci Research, said recently that the US LED lighting market to reach $ 5.2 billion in 2015.

Mentioned in the report, with the LED prices plus government support initiatives to promote the US LED lighting market. Continuous innovation in the past decade, LED technology for its energy-efficient, cost-effective, environmentally friendly, has made huge market share, particularly in general lighting applications. America witnessed the early stages of the development of LED lighting technology to take off, but in the past five years, the LED lighting market has shown tremendous growth and has matured. General illumination, backlighting, and automotive sectors are the main application of LED terminals. Currently, the dominant part of the general lighting LED lighting market is expected to account for most of the 2020 market demand.

According to recently published research report TechSci "US LED lighting market forecast and opportunities in 2020" shows that the US LED lighting market in 2015 will reach $ 5.2 billion, pushing the main factor LED demand include: due to lower production costs due to LED prices declining, with the US government to encourage initiatives such as the 2005 Energy Policy Act, to increase the use of green technology, the propensity to consume. Cree, Philips, GE, and Osram LED lighting market in the United States several "major players." The leading "main players" because of its broad portfolio of products, competitive pricing strategy, are expected to witness in their respective market share growth over the forecast period. led explosion proof lighting https://www.eneltec-led.com/products/led-explosion-proof-lights

TechSci Karan Chechi, Research Director, said: "Innovation and LED lighting technology, the transformation of the old building needs lighting, automotive industry demand and favorable government measures will have a positive impact on the promotion of the use of LED technology in the next five years will push US LED lighting market, the market is increasingly consolidated. Additionally, prohibit the use of incandescent and LED sharp decline in prices is expected to further promote LED lighting products in the US domestic demand. " best led headlights http://bestledheadlight.com/