Solid State Lighting Market 2018 Global Key Leaders: General electric, Eaton corporation, Cree, Acuity brands lighting, Intematix corporation, Energy Focus

The Analysis presents the study of Global Solid State Lighting Market facilitating the regional and country wise analysis covering the strategic analysis of each market player and the market share they hold.

Solid State Lighting Market, by Technology (Light emitting diode (LED), Organic light emitting diode (OLED)), Application (Commercial, Transportation, Outdoor Lighting, Residential, Consumer Electronics) - Forecast 2022

Key Players for Solid State Lighting Market:
Some of the major players in Global Solid State Lighting Market include Royal Philips Electronics N.V. (Netherlands), Panasonic corporation (Japan), Samsung electronics Co. Ltd. (South Korea), Acuity brands lighting, Inc. (U.S.), Cree, Inc. (U.S.), Eaton corporation PLC (Ireland), General electric (U.S.), Energy Focus, Inc. (U.S.), Intematix corporation (U.S.), and Osram Licht AG (Germany) among others.

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Market Scenario:

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.

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

Industry News
Jan 2018 – Novo by Microsoft venue gets LED luminaires from Philips Entertainment Lighting in order to bring high performance and energy efficient lighting. The company primarily wanted state-of-the-art LED technology to provide the benefits of energy efficiency and high reliability.
Jan 2018 – OSRAM orders multiple Veeco MOCVD systems for high volume production of power electronics, laser diodes, RF semiconductor devices and advanced LEDs. Veeco is a leading manufacturer of innovative semiconductor process equipment and their proven MOCVD, lithography, laser annealing, ion beam and single wafer etch & clean technologies play an integral role in producing LEDs for solid-state lighting and displays, and in the fabrication of advanced semiconductor devices.

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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