Solid State Lighting Market Growth and Detailed Analysis By Key Players: Green Rock Lighting, EtiSSL, Cireon, Philips, OSRAM, General Electric, ETi Solid State Lighting, Solid State Luminaires, TSMC, Veeco, ARC Solid State Lighting, Cireon, Sasaki Associa
According to latest study by Global Market Insights, Inc., Solid State Lighting Market size is set to surpass USD 85 billion by 2024. Rapid urbanization & industrialization primarily in Malaysia, and China have increased the focus on energy-efficient lighting to reduce GHG emissions and improve bulbs life may contribute to solid state lighting market demand. These products provide high energy efficiency and less heat generation as compared to incandescent lamps thereby leading to reduction in carbon emissions. The implementation of solid state lighting technology may reduce global lighting CO2 emissions by approximately 1,500 million tons thereby stimulating market growth.
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Top Key Players:
Global solid state lighting market share is fragmented among several key players including Green Rock Lighting, EtiSSL, Cireon, Philips, OSRAM, General Electric, ETi Solid State Lighting Inc., Solid State Luminaires, TSMC, Veeco, ARC Solid State Lighting, Cireon, Sasaki Associates, Inc., FC Lighting, Philips Lighting Holding B.V., MSi, Coolon Pty Ltd and Molex.
Market share calculation in this report is not done based on companies covered in it. The calculation of solid state lighting market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
U.S. LED market size from outdoor applications may witness significant gains at about 12.5% by 2024 owing to declining streetlight LED prices and rising government focus on energy efficient products. The progress of LED outdoor lighting market from a nascent to a mature stage along with replacement of decorative streetlights in various cities such as Las Vegas, Los Angeles and New York to achieve energy & cost reduction will further stimulate market growth.
Asia Pacific led by Japan, India, New Zealand and China LED market size from automotive applications is poised to exceed USD 8.5 billion up to 2024. These products offer several advantages for automotive lighting such as vibration resistance, long life, moisture-proof encasing, compactness, and various color emissions. Rapid economic improvement, rising infrastructure, favorable government regulations and declining LED prices may stimulate solid state lighting market growth in the region.
China OLED based solid state lighting market revenue from architectural applications may witness significant gains over the foreseeable timeframe. They are mainly used for decoration purpose, buildings structure illumination and signage backlighting owing to its diffused output and low luminance.
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Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
22.214.171.124 Paid Sources
126.96.36.199 Public Sources
Chapter 2 Executive Summary
2.1 Solid state lighting industry 3600 synopsis, 2018 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Technology trends
Chapter 3 Solid State Lighting Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
188.8.131.52 E-commerce (Online)
3.4 Regulatory Landscape
3.5 Materials for solid state lighting
3.5.1 Inorganic materials
3.5.2 Organic materials
3.5.3 Hybrid materials
3.6 Cost structure analysis
3.6.1 Operating cost estimation
3.6.2 Capital cost estimation
3.6.3 Ownership cost of light
3.7 Pricing analysis
3.8 Industry impact forces
3.8.1 Growth drivers
184.108.40.206 North America
220.127.116.11.1 Importance of LED technology in horticulture application
18.104.22.168 Increasing R&D and government spending
22.214.171.124.1 Increasing usage in automotive lighting sector
126.96.36.199.2 Ban on incandescent bulbs
188.8.131.52 Asia Pacific
184.108.40.206.1 Government initiatives for the development of smart cities
220.127.116.11.2 Government endorsement of energy-efficient lights
3.8.2 Industry pitfalls & challenges
18.104.22.168 High cost
22.214.171.124 Low brightness and efficiency
3.9 Innovation and sustainability
3.10.1 LED lighting vs Conventional lighting
3.10.2 LED lighting vs Incandescent lighting
3.11 Growth potential analysis, 2017
3.11.1 Emerging business models
126.96.36.199 New product launch
188.8.131.52 Joint Venture
3.12 Porter’s analysis
3.13 Competitive landscape, 2017
3.13.1 Strategy dashboard
3.14 PESTEL analysis
3.15 Patent landscape
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High efficiency, improved battery life, and design flexibility are contributing to rising solid state lighting usage in automotive lighting applications. Additionally, increasing usage of solid state lighting technology in high, mid and low-end cars pertaining to cost standardization and optimization may further propel solid state lighting market. Rising high-brightness LEDs demand for providing high visibility & differentiation is likely to boost the market.
Researchers have been able to increase indium content in blue LEDS which enabled the generation of white light by using red, blue and green LEDs. Similarly, the use of halide perovskite nanoparticles was found to improve light generation efficiency which may accelerate growth of solid state lighting market size.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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