This project investigated the advantages, disadvantages, and market opportunities of the industrial LED industry. An analysis was conducted to show possible avenues when entering this competitive industry. Our analysis determines the feasibility of new players entering the market by: identifying LED technology and market opportunities of LED lights, identifying disadvantages and advantages of LED lights domestically and globally, and completing a cost benefit analysis of Industrial LEDs. We found that there is still major room for growth within this industry, as technologies (i.e. batteries, wiring, and platforms) that support LED light bulbs and fixtures improve. LEDs will be become more advanced and efficient, and have a bright future within the lighting industry.
Worcester Polytechnic Institute
Major Qualifying Project
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