LED Indicator Lamps Market: Influential Factors Determining the Trajectory of the Market

The world has been moving towards automation rapidly. Indicator lamps are a crucial part of any automation process. They are generally used for notification of onset and termination of a process. They can also be used for indication of any intermediate process or flash warnings. To make this process energy efficient, these days in most places LED indicator lamps are used. A light-emanating diode (LED) is a semiconductor device that transmits visible light when an electric current goes through it.

The light is not especially bright, but rather in many LEDs it is monochromatic, happening at a single wavelength. The yield from a LED can go from red (at a wavelength of around 700 nanometers) to blue-violet (around 400 nanometers). A few LEDs produce infrared (IR) vitality (830 nanometers or more); such a gadget is known as an infrared-transmitting diode (IRED). A LED or IRED comprises of two components of prepared material called P-type semiconductors and N-type semiconductors.

These components when I direct contact form a P-N intersection. LED indicator lamps are preferred over other indicator because it has low power consumption, longer life, high efficiency, resistance to shock and vibration and cool operation. LED indicator lamps have some disadvantages, majorly, Moderate viewing angle, higher initial cost and the leakage current can cause lamp to stay ON. LEDs do undergo a progressive abatement in yield as they age. Manufacturer consider such lights to have achieved the finish of their helpful lives when the brilliance tumbles to half of its original value. It is by and large acknowledged that the human eye will just notice a diminishment in brilliance after half.

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LED Indicator Lamps Market: Dynamics
The key factors driving LED Indicator Lamps Market are growing automation and industrialization. The benefits offered by LED over other illumination sources are further driving the market rapidly. The energy efficiency aspect of led indicator lamp also promotes its growth.

LED Indicator Lamps Market is restrained by high initial purchasing costs.

LED Indicator Lamps Market: Segmentation

The Global LED Indicator Lamps Market is segmented by Product Type, Operating voltage and mode of operation.

The Global LED Indicator Lamps Market is segmented by Product Type as

Two- state
Bar graph
Alpha numeric readout

The Global LED Indicator Lamps Market is segmented by Operating Voltage as

2 volts
6 volts
12 volts
24 volts
More than 24 volts

The Global LED Indicator Lamps Market is segmented by mode of operation as

Direct current operation
Alternating current operation

LED Indicator Lamps Market: Regional Outlook

Geographically, the Global LED Indicator Lamps Market is designed for seven regions namely, North-America, Western Europe, Asia Pacific except Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa and Japan. Currently Asia-Pacific holds the largest market share in the global LED Indicator Lamps Market more than 35%. China is the largest producer of LED indicator lamps in the world closely followed by Japan, North America and Europe.

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LED Indicator Lamps Market: Key players

Some of the key players in the global LED Indicator Lamps Market are

Allied Electronics, Inc.
Marl International Limited
Dialight plc
Visual Communications Company, LLC (VCC)
New Yorker Electronics
JKL Components Corporation
EAO AG
Signal-Construct Elektro-optische-Anzeigen und Systeme GmbH
Omron Corporation
Lumex Inc.
Honeywell International Inc.
RS Components Ltd.

LED Indicator Lamps Market: Competitive Analysis

Key manufacturers LED Indicator Lamps are focusing in product development including enabling wider industrial applications with the help of their R&D department. A new 14 mm Mount CL Series Panel LED for industrial and outdoor applications has been unveiled by New Yorker Electronics.The CL Series incorporates a 10 mm LED available in red, green, yellow, blue and bicolor options. Factory prewired with internal resistors, the indicators can be configured for voltages up to 60 VDC or 120/240 VAC. The LED Indicator Lamps Market is likely to witness further more technological developments which will trigger the market growth during the forecast period.

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