via「Google News search」：https://www.globenewswire.com/news-release/2019/07/26/1892287/0/en/Global-Industry-Trends-in-LED-Lighting-Market-Share-Growing-Speedily-With-13-CAGR-to-Reach-54-28-Bn-By-2022.html

LED is a semiconductor device that emits visible light when an electric current passes through it. The light is not mostly bright, but in most LEDs it is monochromatic, occurring at a single wavelength. The output from a LED can range from red (at a wavelength of around 700 nanometers) to blue-violet (near 400 nanometers). LEDs are comprised of compound semiconductor materials which are made up of elements from group III and group V of the periodic table.
The LED lighting market is primarily driven by benefits offered by LED lights over incandescent and fluorescent lamps. In additions, the energy efficiency of LED lights, higher brightness, and longer life span are some of the major reason offers tremendous market opportunities for LED lighting in the coming years. Continuous new product introduction by manufacturers such as Phillips and GE with innovative technology are attracting customer attention globally. However, the high production cost is expected to have an adverse impact on the LED lighting market. Nonetheless, screen and display backlighting market development are likely to open new doors for the LED lighting demand.
According to analysts at Zion Market Research, the advantages provided by LED lights over fluorescent and incandescent lamps is the major factor boosting the growth of the LED lighting market. Apart from this, the higher brightness, energy efficiency, and longer life span of LED lights are some of the major factors that offer tremendous opportunities for the LED lighting market in years to come. Incessant new product launch by players such as GE and Philips along with other players with innovative tech are drawing the customer all over the world. For example, in August 2017, Kenall rolled out 6-inch modular downlights, which were developed to perform competently for years and are suitable for pharmaceutical processing, tightly sealed, and compatible for military installations.


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