This Company Is Set For Growth Considering the Growth Of LED Lights Market

Various research companies and analysts anticipate the LED lighting market to grow 45% per year through 2019. The market sizeof LED lighting was $4.8 billion in 2012, and is anticipated to reach $42 billion by 2019. This market is projected to grow annually at a CAGR (compound annual growth rate) of 12% from 2012 to 2017. The LED lighting market growth is mainly due to reducing prices, higher luminous and increased interest by the channels in pushing LEDs to consumers, this is providing deeper penetration. Cree (CREE), is one of the leading player in the LED lighting and fixture market maintaining a rich product portfolio with innovative LED lighting solutions. I have tried to explain the reasons for the anticipated growth of CREE, in the rest of the article.