The manufacturing and installation costs of LED lamps are decreasing. This has led to an increasing adoption of LED lighting systems in the end user industry. The world's top LED lighting companies are investing in the research and development of LED manufacturing technology, which will enable them to produce efficient and environmentally friendly products for customers. The trend of the Led Street Light Factory's lighting industry is: By 2022, in North America alone, the LED lighting market is expected to achieve an incremental growth of nearly US$7 billion. The compound annual growth rate of the market between 2018 and 2022 is expected to be about 12%.
Technavio's "North American LED Lighting Market 2018-2022" market research report provides an in-depth analysis of the competitive landscape and market share of North American LED lighting companies.
Technavio has been closely following the latest LED lighting market trends to create an in-depth LED market research report portfolio. These reports can help our customers discover opportunities in the market and develop effective strategies to optimize their market position. Check Technavio's LED lighting market research database and download a free sample report immediately.
Since the birth of smart homes, the demand for smart LED lighting systems that can be connected to other electronic devices and can be controlled remotely has grown. LED lighting companies are integrating the Internet of Things with their LED lighting solutions to collect data and record movement patterns. By analyzing these data, the lighting system can automatically turn off or reduce its intensity, thereby saving a lot of power. Users can also use these intelligent systems to set the lighting schedule and control the brightness and color temperature of the LED lights.
Many world-leading LED manufacturing companies also provide people-oriented lighting solutions. Research shows that our energy levels, emotions, and alertness or drowsiness are controlled by the circadian rhythm, which is regulated by the brain according to light signals from the environment. Human-centered lighting adapts to the color and intensity of its light throughout the day to create a lighting sequence to the circadian rhythm, thereby improving people’s mood and increasing their productivity.