Solid State Lighting Market expected to grow at the rate of more than ~8% | Solid State Lighting Industry by Technology, Application and End users

The report on the global Solid State Lighting market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.

Based on offering, the market is segmented into hardware, software and services. The services segment is expected to grow at a significant rate during the forecast period. This is owing to the growing urbanization and increasing expansion of city projects. Increased demand for energy efficient lighting is one major factor driving the growth of solid state lighting market. According to a recent study report published by Market Research Future, The global market of solid state lighting is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).

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Major Key Players

• OSRAM Licht AG (Germany),
• Royal Philips Electronics N.V. (Netherlands),
• Seoul Semiconductor Co., Ltd. (South Korea),
• General Electric Company (U.S.),
• Nichia Corporation (Japan),
• AIXTRON SE (Germany),
• Applied Materials, Inc. (U.S.),
• Applied Science and Technology Research Institute Company Limited (Hong Kong),
• Bridgelux, Inc. (U.S.),
• Cree, Inc. (U.S.),
• Acuity Brands, Inc. (U.S.),
• Advanced Lighting Technologies, Inc. (U.S.),
• Energy Focus, Inc. (U.S.),
• Intematix Corporation (U.S.),
• LED Engin, Inc. (U.S.),
Toyoda Gosei Co., Ltd. (Japan), TCP International Holdings Ltd. (Switzerland), Topanga Technologies, Inc. (U.S.), Ceravision Ltd (U.K.), and Bright Light Systems, Inc. (Georgia) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Solid State Lighting Market.

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

Regional Analysis

Solid state lighting market in North America is expected to remain highly lucrative throughout the assessment period. This is primarily owing to increased government efforts to adopt energy efficient technologies such as OLED and LED. The use of incandescent bulb has dropped in countries such the US and Canada, which supporting the growth of the market. Meanwhile, Europe is expected to retain it second position over 2022. Increased demand for solid state lighting in both commercial and residential sectors is driving the sales of solid state lighting in Europe. During the forecast period, Asia Pacific (APAC) is also expected to witness a health growth.

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.

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Target Audience:
• OEM
• Consumer electronics vendors
• Transportation LED vendors
• Research & consultants
• Distributors and resellers
• Government

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
Continued……

List of Tables
Table 1 Global Solid State Lighting Market (Usd Billion)
Table 2 Global Solid State Lighting Market, By Technology
Table 3 Global Led Markets, By Region
Table 4 Global Oled Market, By Region
Table 5 Global Solid State Lighting Market, By Application
Table 6 Global Residential Market, By Region
Continued……

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