Solid state technology is an energy efficient technology which uses LEDs, OLEDs or PLEDs technology for its sources of illumination. It converts electricity into light with the support of semiconductors includes in it. It has been used in various applications due to its number of benefits such as long life, energy efficiency, low power consumption, and small & flexible size among others.
The major factor that drives the growth of Solid State Lighting market is growing awareness about energy efficient LED lights among consumers, high growth potential in application such as automotive, medical, outdoor lighting due to use of solid state lighting and emerging smart city technology among others.
Based on offering, the market is segmented into hardware, software and services. The services segment is expected to grow at a significant rate during the forecast period. This is owing to the growing urbanization and increasing expansion of city projects. Increased demand for energy efficient lighting is one major factor driving the growth of solid state lighting market. According to a recent study report published by Market Research Future, The global market of solid state lighting is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).
Get a Sample Report @ https://www.marketresearchfuture.com/sample_request/1781
Major Key Players
- OSRAM Licht AG (Germany),
- Royal Philips Electronics N.V. (Netherlands),
- Seoul Semiconductor Co., Ltd. (South Korea),
- General Electric Company (U.S.),
- Nichia Corporation (Japan),
- AIXTRON SE (Germany),
- Applied Materials, Inc. (U.S.),
- Applied Science and Technology Research Institute Company Limited (Hong Kong),
- Bridgelux, Inc. (U.S.),
- Cree, Inc. (U.S.),
- Acuity Brands, Inc. (U.S.),
- Advanced Lighting Technologies, Inc. (U.S.),
- Energy Focus, Inc. (U.S.),
- Intematix Corporation (U.S.),
- LED Engin, Inc. (U.S.),
Toyoda Gosei Co., Ltd. (Japan), TCP International Holdings Ltd. (Switzerland), Topanga Technologies, Inc. (U.S.), Ceravision Ltd (U.K.), and Bright Light Systems, Inc. (Georgia) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Solid State Lighting Market.
According to MRFR, Globally the market for Solid State Lighting market is expected to grow at the rate of more than ~8% from 2016 to 2022.
Solid state lighting market in North America is expected to remain highly lucrative throughout the assessment period. This is primarily owing to increased government efforts to adopt energy efficient technologies such as OLED and LED. The use of incandescent bulb has dropped in countries such the US and Canada, which supporting the growth of the market. Meanwhile, Europe is expected to retain it second position over 2022. Increased demand for solid state lighting in both commercial and residential sectors is driving the sales of solid state lighting in Europe. During the forecast period, Asia Pacific (APAC) is also expected to witness a health growth.
The solid state lighting market can be classified into 6 key segments for the convenience of the report and enhanced understanding;
Segmentation by Installation Type: Comprises of New Installation and Retrofit Installation
Segmentation by Offering: Comprises of Hardware, Software and Services
Segmentation by Application: Comprises of General Lighting, Backlighting, Automotive Lighting, Medical Lighting and Others
Segmentation by Region: Comprises of Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/solid-state-lighting-market-1781
- Consumer electronics vendors
- Transportation LED vendors
- Research & consultants
- Distributors and resellers
Table of Contents
1. Report prologue
2.2 Scope of the study
2.2.1 Research objective
2.3 Market structure
3. Research Methodology
3.1 Research process
List of Tables
Table 1 Global Solid State Lighting Market (Usd Billion)
Table 2 Global Solid State Lighting Market, By Technology
Table 3 Global Led Markets, By Region
Table 4 Global Oled Market, By Region
Table 5 Global Solid State Lighting Market, By Application
Table 6 Global Residential Market, By Region
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar