Global Light Emitting Diode (LED) Phosphor Market 2017-2021

The infographic below contains key findings from our analysis of the light emitting diode phosphor market   

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Overview of the global light emitting diode (LED) phosphor market

The global light emitting diode (LED) phosphor market report predicts the market to grow steadily over the next four years and post a CAGR of almost 20% by 2021. The strong government initiatives to promote the use of LEDs are one of the key  LED phosphor market drivers. LED finds its applications in street lighting, industrial, and commercial uses. The advantages of the usage of LEDs such as reduced energy consumption is inducing the governments of various countries to promote its usage through robust initiatives. Additionally, the governments are also offering subsidies such as tax benefits to the manufacturers to deliver energy-efficient and sustainable solutions to the consumers. For instance, the Chinese government launched the subsidy program to encourage the consumption of energy-saving devices. Such initiatives by the governments will increase the demand for LEDs, which will consequently drive the growth of the LED phosphor market.

In addition to government initiatives to promote the use of LEDs, the increased adoption of smart homes will also play a prominent role in the LED phosphor market growth. In the recent years, consumers are moving toward smart homes for enhanced security. In smart homes enable consumers to control household devices using smart devices such as smartphones. The shift from conventional homes to smart homes can fuel the LED phosphor market since LED lights are the most-preferred source of lighting at smart homes.

Competitive landscape and key vendors

The LED phosphor market is highly fragmented with the presence of numerous local and global manufacturers. As the market is nearing saturation, the price wars among the vendors are intensifying significantly. Vendors in the market are focusing on manufacturing low-cost products, which are extensively used in fluorescent lamps.

According to the LED phosphor market research, the leading vendors in the market are –

• GE Lighting
• Lumileds
• OSRAM
• Cree
• Seoul Semiconductor
• Nichia

The other prominent vendors in the market are Broadcom, Bridgelux, CITIZEN ELECTRONICS, Dialight, Epistar, EVERLIGHT ELECTRONICS, Edison Opto, Intematix, NationStar, Stanley Electric, and Toshiba Lighting and Technology.

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Market segmentation by application and analysis of the LED phosphor market

• Residential
• Commercial
• Consumer electronics
• Automotive

The residential segment accounted for the major LED phosphor market share during 2016. Stringent government regulations on the usage of CFLs and incandescent lights will be the major factor propelling the use of LED lighting in the residential segment. Moreover, the growing adoption of smart homes and increasing renovations will also drive the use of LED lights in the residential segment, which in turn, will fuel the growth of the LED phosphor market.

Market segmentation by geography and analysis of the light emitting diode (LED) phosphor market

• Americas
• APAC
• EMEA

In terms of geography, APAC dominated the LED phosphor market during 2016. This is mainly due to the presence of a considerable number of LED vendors in the region. The governments of various countries in the region are offering subsidies for the promotion of LED lights in the region. Also, a subsequent reduction in tax rates for the manufacturers of LED lights will also fuel the growth of the market in APAC.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global LED phosphor market?
• What are the key market trends impacting the growth of the global LED phosphor market?
• What are the challenges to market growth?
• Who are the key vendors in the global LED phosphor market?
• What are the market opportunities and threats faced by the vendors in the global LED phosphor market?
• Trending factors influencing the market shares in the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global LED phosphor market?

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