Solid State Lighting (SSL) Market Growth 2018 by Technology, Applications and Top Player (Osram Licht AG, Nichia Corporation, General Electric Company, Royal Philips Electronics N.V., Seoul Semiconductor Co. Ltd.)

Global Solid State Lighting (SSL) Market Research Report 2018 is a professional and in-depth study on the current state of the Solid State Lighting (SSL) industry. Global Solid State Lighting (SSL) market covers the present scenario and growth prospects the detailed analysis of the market size, with sales, price, revenue and market share for each manufacturer.

The term solid state lighting refers to the light emitted by solid-state electroluminescence or fluorescent tubes. Solid state lighting (SSL) uses polymer light-emitting diodes, semiconductor light-emitting diodes, and organic light-emitting diodes as a source of radiance.

Get More Information Download Sample Copy  @ https://www.reportsweb.com/inquiry&RW000126213/sample

Top Companies Player :

Osram Licht AG, Nichia Corporation, General Electric Company, Royal Philips Electronics N.V., Seoul Semiconductor Co. Ltd., Applied Materials, Inc., Cambridge Display Technology Ltd., Mitsubishi Electric Corporation, Cree, Inc., Eaton Corporation PLC., Lumenpulse Inc., Energy Focus, Inc., Samsung Electronics Co. Ltd., and Tridonic Gmbh & Co. KG among others.

Compared to the conventional lighting technologies such as incandescent lamps, the solid state lighting products provide higher output with lesser amount of energy. Incandescent lamps failed in optimum conversion of electrical energy into light, and SSL overcomes this issue. Additionally, high durability (5 to 8 years) of SSL products is another advantageous feature which is expected to boost the adoption of SSL products during the forecast period. Furthermore, lower maintenance costs, reduced size, versatility, and high energy efficiency of SSL products when compared to other conventional products, is expected to propel the global solid state lighting market during the forecast period. The solid state lighting product are designed to reduce the biological impacts, thereby prompting their use across the globe. Also, improved optical distribution of light in SSL products, significantly reduces the light wastage/scattering, and therefore produces better illumination.

Reduction in amount of manufacturing material (such as aluminum) for SSL products lowers the manufacturing cost and time, thereby serving as a key opportunity area for the SSL vendors globally. Furthermore, the expected implementation of SSL, owing to enhanced color stability and lumen proficiency, within several lighting applications including automotive lighting, general lighting, and medical lighting, is analyzed to promise significant growth within the global solid state lighting market. The high initial cost of SSL products hinders the global solid state lighting market. Additionally, poor efficiency of SSL products in heat sensitive applications further restricts the global solid state lighting market.

The solid state lighting market has been segmented on the basis of technology into light-emitting diodes (LED) and organic light-emitting diodes (OLED). The SSL market has been further segmented based on applications, namely: general lighting, automotive lighting, electronic billboards, backlighting, and medical lighting. On the basis of installation type, the global solid state lighting market has been fragmented into new installation and retrofit. Additionally, the global solid state lighting market has been further segmented by end-user industry verticals into residential, education & research, healthcare, commercial, industrial, consumer electronics, and automotive & transportation.

Asia Pacific (APAC) is observed as the largest pool for global solid state lightning market owing to availability of cheap labor and low manufacturing costs. In addition, North America leads the global solid state lighting market owing to a significant implementation of SSL technology in lightning products. In addition, governments of developed regions such as the North America and Europe, are planning to ban incandescent bulbs and increase adoption of energy-efficient and eco-friendly technologies for illumination, thereby further expected to bolster the global solid state lighting market In South America (SAM), Brazil is expected to be is largest contributor to global solid state lightning market due to rapid infrastructural development propelling employment of large amount of SSL products.

Else place an Inquire before Purchase “ Solid State Lighting (SSL) Market  Size, Status and Forecast ” @ https://www.reportsweb.com/inquiry&RW000126213/buying

(Note: If you have any special requirements, please let us know and we will offer you the report as you want.)

About ReportsWeb:

ReportsWeb.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.

Contact Us:

Phone: +1-646-491-9876
Email Id: sales@reportsweb.com

This release was published on openPR.