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Solid State Lighting Market 2018 Global Key Players: Bridgelux, Inc., Eaton, GE, Samsung Electronics, OSRAM, Molex, Philips Lighting, Veeco, TSMC, Coolon LED Lighting, Nichia America Corporation, Mitsubishi Electric Corporation

12-04-2018 07:45 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights, Inc.

Solid State Lighting Industry Background

Solid State Lighting Industry Background

Europe OLED based solid state lighting market size may register gains close to 11% by 2024. Declining prices due to reduction in manufacturing costs and increasing demand for sustainable & energy-efficient lighting products are predicted to boost market growth. solid state lighting products are majorly used in several outdoor lighting applications such as parking lots, campuses and street lights which may further contribute to the growth solid state lighting market demand.

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Phosphides & nitrides of aluminum, gallium and indium are the major raw materials used in manufacturing of solid state lighting products. High manufacturing cost owing to expensive raw materials and low emission efficiency will be a major challenge and may pose a high threat for the solid state lighting industry growth.

Germany LED based solid state lighting market share from industrial applications is poised to exceed USD 2.5 billion over the foreseeable time period. They are widely used in the automotive sector due to its cutting-edge design which in turn enhances car’s aesthetic look and style.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. TSMC
2. Veeco
3. Philips Lighting
4. Molex
5. OSRAM
6. Samsung Electronics
7. GE
8. Eaton
9. Bridgelux, Inc.
10. Mitsubishi Electric Corporation
11. Nichia America Corporation
12. Coolon LED Lighting

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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. 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.

Solid State Lighting Market size is set to surpass USD 85 billion by 2024; according to a new research report by Global Market Insights, Inc. 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.

Browse key industry insights spread across 530 pages with 1284 market data tables & 35 figures & charts from the report, Solid State Lighting Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/solid-state-lighting-market

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.

Global LED-based SSL market size is poised to surpass USD 80 billion by 2024 pertaining to their low power consumption and rising demand for high brightness LEDs. These products are used in panel indicators, automotive lamps and large display screens which may boost solid state lighting market size. Government has mandated various laws or policies regarding product utility and implementation of tariffs of LED component import catering to the domestic market, may stimulate industry growth.

Global solid state lighting market share is moderately fragmented with major industry players such as ETi Solid State Lighting, Inc., Solid State Luminaires, Green Rock Lightning, TSMC, Veeco, ARC Solid-State Lighting Corporation, Cireon, LLC, Sasaki Associates, Inc., FC | SSL Lighting - US Commercial Lighting Manufacturer, Philips Lighting, MSi, Coolon LED Lighting, Molex, OSRAM, nTact, Samsung Electronics, GE, Eaton, Nichia America Corporation, Mitsubishi Electric Corporation, and Bridgelux, Inc.

Browse Related Reports: https://www.gminsights.com/industry-analysis/led-lamp-market

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.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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