MarketsandMarkets: Global Chip on Board (COB) LED Market Worth $3.5 Billion by 2016 at a CAGR of 38.5% From 2011 to 2016
Urbanization, increasing infrastructure, and government initiatives are the factors resulting into increase in modern lighting products. Incandescent lighting turns out to be a very costly and poor medium of lighting source.
- Dallas, TX (1888PressRelease) November 24, 2011 - MarketsandMarkets: Global Chip on Board (COB) LED Market Worth $3.5 Billion by 2016 at a CAGR of 38.5% From 2011 to 2016
http://www.marketsandmarkets.com/Market-Reports/chip-on-board-light-emitting-diode-market-409.html
According to a new market research report "Global Chip on Board (COB) Light Emitting Diode Market (2011-2016)", published by MarketsandMarkets (www.marketsandmarkets.com), the total COB LED market is expected to reach $3.5 billion by 2016 at a CAGR of 38.5%.
Browse 37 tables and in-depth TOC on global COB LED market.
http://www.marketsandmarkets.com/Market-Reports/chip-on-board-light-emitting-diode-market-409.html
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Lighting industry is witnessing a massive transformation since the past few years, due to increase in applications and technological developments. The major chunk of the lighting is shifting to LED technology. LED lighting is effective, efficient, and having excellent output as compared to traditional lighting.
Browse All : COB LED Market
http://www.marketsandmarkets.com/Market-Reports/chip-on-board-light-emitting-diode-market-409.html
Browse All : Chip on Board Light Emitting Diode Market
http://www.marketsandmarkets.com/Market-Reports/chip-on-board-light-emitting-diode-market-409.html
Chip on Board technology (COB) has been introduced in LED lighting that is more cost-effective and illuminates high lumen output as compared to normal LED lighting. COB LED technology can be prominently seen in high brightness lighting and general lighting that includes residential, commercial, and architectural lighting.
The revenue for the global COB LED Market is expected to reach to $3.5 billion in 2016 at a CAGR of 38.5%. APAC will remain a leader in overall COB LED market.
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