The report provides
actual consumption (use) market data for 2014, plus the year-by-year forecast
through 2021.
According to the market research study, the world use of LED-based
lamps/devices in public transportation vehicles reached $1.19 billion in 2014. The bus vehicle category, which includes Bus
Rapid Transit (BRT) and coach (long-distance buses), led in relative market
share of global consumption with 38.7% in relative market share. However, all of the rail-vehicle categories
are forecast for (much) faster annual growth than the bus vehicle category.
The use of LED-based
light/devices in public transit watercraft/ferries held a minor market share
(0.3%) with $3.6 million in value last year; however, as use of
watercraft/ferries continue to join a wider acceptance with transit authorities
and the general public, funding for green-tech lighting/energy consumption will
increase (long-term).
“Public transportation vehicles are incorporating energy efficient LED
interior and exterior lighting, installed in new vehicles by the vehicle
manufacturers, vehicle refurbishing projects, as well as on-site retrofitting
and maintenance programs by the transit authorities. Both categories (exterior
and interior) are forecast for steady growth,” said Stephen Montgomery,
Director of the LED Lighting market research group at ElectroniCast
Consultants.
“Public transportation projects are a major element to regional development
throughout the world. New and renovated
vehicles include numerous improvements, which enable more comfort and safety
for the passengers and operators. LED
lighting manufacturers and suppliers with understanding of this market segment
are set to enjoy strong sales potential,” Montgomery added.
For the purposes of this study, study defines public transportation as a
shared passenger transportation service, which is available for use by the
general public. Public transportation vehicles, included in this study, are
listed below. The LED lighting public
transportation vehicles global market is segmented into the following vehicle
(type) categories:
- Bus
- Rail and Rapid Transit Vehicles
- Light-Rail, Tram/Trolley/Streetcar
- Rapid Transit/Metro and Subway/Underground
- High-Speed, Commuter/Intercity and Long-Distance
- Ferries/Watercraft
The market forecast is also segmented into the following product-type:
- LED Linear Lamps (Tubes)
- LED-based Back Light Unit (BLU) Bars for LCD Display Screens
- LED Signage/Destination Sign Board Modules
- Other/Miscellaneous LED Lamps and Luminaries
The use of LED-based lamps/devices in public transportation vehicles
reached $1.19 billion in 2014, led by
the bus with 38.7% in relative market share…
($1.19
Billion)
Spanning over 651 pages, “LED
Lighting for Public Transportation Vehicles Global Market Forecast &
Analysis” report covers the Executive Summary, LED-based Lamps used
in Public Transit Vehicles Market Forecast by Vehicle Type, LED-based Lamps in
Public Transit Vehicles Market Forecast by Product Type, Technology Trends and
Analysis, Profile Briefs of LED and Related Companies -- Selected Competitors,
ElectroniCast Market Research Methodology.
For
further information on this report, please visit- http://mrr.cm/4pD
Find all Components Reports at: http://www.marketresearchreports.com/components
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