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Solid State Lighting Market 2018 Global Key Players: General Electric Company, Nichia Corporation, AIXTRON SE, Applied Materials, Inc., Applied Science and Technology Research Institute Company Limited, Bridgelux, Cree, Acuity Brands

04-16-2018 02:13 PM CET | IT, New Media & Software

Press release from: Market Research Future (MRFR)

Solid State Lighting Market 2018 Global Key Players: General

Market Highlights:

Solid state lighting is gaining traction owing to its energy-saving benefits. OLED, PLED or LED are the commonly used tube/bulb technology in solid state lighting system. These lighting systems are integrated with special semiconductors that assist in converting electricity into light. Benefits such as low power consumption, long life, and small & flexible size are prompting consumers to switch to solid state lighting system from other conventional lighting systems. Rising global trends of finding energy sustainability and clean energy usage is also expected to drive the sales of solid state lighting in the forthcoming years. Market Research Future (MRFR)’s in its latest report has revealed that the global market for solid state lighting will exhibit a CAGR of 8% during the forecast period (2016-2022).

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1781

atest Industry Trend and News:

Acuity Brands, Inc. recently revealed that location-powered mobile specialist Verve(TM) is partnering with the company in its Atrius(TM) IoT ecosystem. This will allow verve to bolster its out-of-store and in-store shopper data and engagement solution for brands and retailers.
Leading technology firm Osram Licht AG has reportedly agreed to acquire BAG Electronics GmbH, a light component manufacturer for an undisclosed amount. The move will allow Osram to expand its electronic component business.

Global Market for Solid State Lighting – Segmental Analysis

On the basis of technology, the global market for solid state lighting has been segmented into organic light emitting diode (OLED) and light emitting diode (LED). On the basis of application, the market has been segmented into transportation, residential, commercial, consumer electronics, and outdoor lighting. By application, the market has been segmented into commercial, automotive, transportation, consumer electronics, outdoor lighting, residential and medical.

Regional Overview

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.

Global Market for Solid State Lighting – Competitive Dashboard

Osram Licht AG (Germany), Panasonic corporation (Japan), Acuity brands lighting, Inc. (U.S.), Eaton corporation PLC (Ireland), Energy Focus, Inc. (U.S.), Royal Philips Electronics N.V. (Netherlands), Samsung electronics Co. Ltd. (South Korea), Cree, Inc. (U.S.), General electric (U.S.), and Intematix corporation (U.S.). are some key market participants profiled in MRFR’s report.

Get a Complete Report @ https://www.marketresearchfuture.com/reports/solid-state-lighting-market-1781

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.

Contact:,
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

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