2014-03-21 11:24:01 - Global Industrial Laser Market 2012-2016 - a new market research report on companiesandmarkets.com
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.
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