In their recently released report, TechSci Research forecasts that the US LED lighting market will reach an impressive 5.2 billion dollars in 2015. The LED lighting industry has already shown incredible growth over the past years because, just to name a few, LED lights are energy efficient, cost effective, and eco-friendly. TechSci Research (a global market research and consulting company) lists several key factors that they show will boost demand for LED’s.
- Decreasing Production Costs
- US Government Initiatives
- Increased Customer Demand For Energy Efficient Technologies
- Increased Demand For LED Lighting in Residential, Offices, Hospitality and Commercial spaces.
- Increased Demand From Automotive Industry.
In addition, this report includes LED lighting projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Their report also identifies the emerging trends along with essential drivers, challenges and opportunities in LED lighting market in the US. For more information visit their website here.
