Global Solid State Lighting Market Overview:
Lighting applications which uses light-emitting diodes (LEDs), organic light-emitting diodes (OLEDs), or light-emitting polymers are commonly referred to as solid-state lighting (SSL). Disparate incandescent or fluorescent lamps, which generate light with filaments and gases encased in a glass bulb, solid-state lighting includes semiconductors which convert electricity into light. Technological developments in the last two decades have permitted LEDs to be used first in signal devices, such as traffic lights and exit signs, then in some limited illumination applications, such as flashlights and now for various general illumination applications, from homes to commercial spaces to outdoor lighting. Some of the key players profiled in the study are OSRAM Licht AG (Germany), Koninklijke Philips N.V. (Netherlands), Nichia Corporation (Japan), General Electric (United States), Seoul Semiconductor Co., Ltd. (South Korea), Samsung Electronics Co. Ltd. (South Korea), Panasonic Corporation (Japan), Mitsubishi Electric Corporation (Japan), Bridgelux, Inc. (United States) and Citizen Electronics Co., Ltd (Japan).
On the basis of geography, the market of Solid State Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation, the sub-segment i.e. New Installation will boost the Solid State Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. LED will boost the Solid State Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Solid State Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Importance of LED Technology in Cultivation Application
- Growing Usage in Automotive Lighting Sector
- Rising demand for higher lighting output at less power consumption
- Benefits of Robust Weather Proof Design
- High Cost Compared To Other Lighting Sources
- Government Initiatives for the Development of Smart Cities in Asia Pacific Region
- Growing Demand for Eco-Friendly and Energy-Saving Lighting Technology
- Low Brightness and Efficiency of Solid State Lighting
Leading worldwide players are focusing on strategic partnerships to expand their products and services. Furthermore, companies are focusing on increasing their client base to reinforce market position and to enhance product & service offerings.
Target Audience:Manufacturers of Solid State LEDs, Suppliers of Solid State Lighting, Wholesalers, Distributors and Retailers of Solid State LEDs, Automotive Industry, Electronics Industry, Governmental Bodies and Research Firms
Major Objectives Focused through this Study To define, describe, and forecast the Global Solid State Lighting market on the basis of product  , application [Automotive Lighting, Medical Lighting, Backlighting, General Lighting and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Solid State Lighting market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Solid State Lighting industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Acuity Brands Lighting, Inc (United States) and Energy Focus (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Solid State Lighting market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.