Solid State Lighting Market 2018 Global Key Leaders: Panasonic, Samsung electronics, Eaton, General electric, Energy Focus, Intematix corporation

Market Highlights:

The global Solid State Lighting market has been evaluated as growing market and expected that the market will touch high growth figures in upcoming years.
The number of benefits such as long durable life, high energy efficiency, and smaller flexible size of solid state device is increasing its usage in various applications such as commercial or industrial events, outdoor lighting, residential lamps and street lights among others. Industries such as Philips, Samsung electronics, Eaton Corporation, and Osram Licht AG among various other industries are developing the solid state lighting market.

Also, increasing initiatives from government and increasing use of plasma lights in horticulture are major factors responsible for fuelling the growth of solid state lighting market. Also, technological advancements and low maintenance cost of induction lighting is one major factor responsible for driving the growth of solid state lighting market. On the other hand, high implementation and equipment costs and lack of standardization are major factors hindering the growth of solid state lighting market. Also, high initial cost of solid state lighting products is another factor that may hamper the market growth.

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Major Key Players

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

Globally the market for Solid State Lighting market is expected to grow at the rate of more than ~8% from 2016 to 2022.

Segmentation
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.

Regional Analysis

Asia Pacific is expected to witness a significant growth and hold the largest market share during the forecast period. Germany, China, Japan and India are anticipated to drive the growth of the solid state lighting market in Asia Pacific owing to the presence of a large number of established key players such as OSRAM Licht AG, Seoul Semiconductor Co., Ltd., Nichia Corporation (Japan), and AIXTRON SE among others. The increasing adoption of solid state lighting in indoor and outdoor lighting applications in developing countries such as India and China is responsible for driving the growth of solid state lighting market. Solid state lighting market in Rest of the World is expected to grow at a substantial CAGR during 2017 to 2023 due to increasing demand for energy saving lighting applications and growing demand for HID lighting in the region. Also, increasing infrastructure development in Middle East & Africa is another major factor fuelling the growth of solid state lighting market.

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Table of Contents

1. Report prologue

2. Introduction

2.1 Definition

2.2 Scope of the study

2.2.1 Research objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market structure

3. Research Methodology

3.1 Research process

3.2 Primary research

3.3 Secondary research

3.4 Market size estimation

3.5 Forecast model

4. Market Dynamics

Continued...

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