LED Lighting Market in Brazil to Expand at a CAGR of 14.19% to 2021 Due to Rise in Utilities Industry

ResearchMoz presents professional and in-depth study of "LED Lighting Market in Brazil 2017-2021".

A light-emitting diode (LED) is a semiconductor diode electronic device that emits visible light when current passes through it. The light is not very bright, but in a large number of LEDs, it is monochromatic and is of a single wavelength. LED output can range from red (approximately 700 nanometers wavelength) to blue-violet (about 400 nanometers wavelength).

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LEDs help to address the key issues like energy crisis, resource scarcity, and climate change due to their low cost and efficiency. Lighting uses up around 20% of the global power generated, and the use of LED lighting will help save around 40% energy annually.

Technavios analysts forecast the LED Lighting Market in Brazil to grow at a CAGR of 14.19% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the LED Lighting Market in Brazil for 2017-2021. To calculate the market size, the report considers the domestic demand and exports. The domestic demand also considers the imports. Market estimates also include the sales of LED lighting solutions in three applications segments including automotive lighting, backlighting, and general lighting.

Technavio's report, LED Lighting Market in Brazil 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Cree

GE Lighting

NICHIA

OSRAM Opto Semiconductors

Philips Lighting

Seoul Semiconductor

Other prominent vendors

Dialight

Eaton

HELLA

TOSHIBA

Panasonic

Market driver

Declining manufacturing cost of LEDs

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Market challenge

High import duties

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Market trend

Emergence of smart lighting

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Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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