Key drivers in the global industrial laser industry include the advanced end-user requirements and market
Global Industrial Laser Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-21 11:24:01
The Global Industrial Laser market to grow at a CAGR of 10.64 percent over the period 2012-2016. One of the key factors contributing to this market growth is the advanced end-user requirements and market. The Global Industrial Laser market has also been witnessing the increasing awareness about brand security and anti-counterfeiting protection. However, the high implementation cost could pose a challenge to the growth of this market.
One of the major applications for laser technology is light illumination. Lasers are 1,000 times more powerful than any light emitting diode. The Lighting industry is poised to witness a transformation because of the increasing usage and adoption of lasers for lighting purposes. Most of the high power bulbs will be replaced by laser illuminated bulbs during the forecast period. Laser lights consume less energy than conventional bulbs and provide more illumination. Moreover, laser lights do not harm the environment and people. Laser lights are expected to be much smaller than the current systems and will consume less energy.
Click for report details: www.companiesandmarkets.com/Market/Industrial/Market-Research/Gl ..
Browse all Industrial Market Research Reports www.companiesandmarkets.com/Market/Industrial/Market-Research?aC ..
Browse all Industrial Company Profile Reports www.companiesandmarkets.com/Market/Industrial/Company-Profile?aC ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.