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Solid State Lighting Market Useful For Traffic Lights, Train Marker Lights, Remote Controls, Building Exteriors, Parking Lot Lights, Vehicle Lights
Solid State Lighting Market: Introduction
Technological changes have led to a scenario where high heat generating and energy consuming illumination sources such as electrical filaments, plasma, gas etc. are replaced by less heat generating and energy consuming illumination sources such as light-emitting diodes (LEDs), organic light-emitting diodes (OLEDs), polymer light-emitting diodes (PLEDs) etc. Henceforth, lighting generation by making use of filament, gas etc. as a source have also witnessed a transition to LEDs, OLEDs etc. Sources.
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Solid state lighting is a process of generating light by making use of semiconductor LEDs, OLEDs etc. as a source of illumination. Greater resistance to shocks & vibrations, enhanced quality light output, smaller & flexible lighting fixtures and longer life span of the product are some of the added advantages of solid state lighting over conventional brittle glass tubes/bulbs etc.
Solid State Lightings are widely adopted and used in traffic lights, train marker lights, remote controls, building exteriors, parking lot lights, vehicle lights etc. Initiations from government are also witnessed for the adoption of solid state lighting.
Solid State Lighting Market: Drivers and Challenges
A high adoption of LED, OLED, and PLED technology in replacement of filaments, gas etc. is expected to drive the overall growth of solid state lighting. The rate of replacement of light emission using filaments, gas etc, sources with LEDs, OLED, PLEDs etc., furthermore, justifies the growth of solid state lighting market. Global expansion of semiconductor industry simultaneously boosts the demand of solid state lighting, acting as a primary driver for the global solid state lighting market. Additionally, increasing applications of solid state lighting in various industries is driving the growth of Solid State Lighting market.
The primary factor hampering the growth of solid state lighting is its high costs. Additionally, the inefficiency of solid state lighting in heat sensitive applications also acts a restraint for solid state lighting market.
Solid State Lighting Market: Segmentation
Global Solid State Lighting Market can be segmented on the basis of Technology, and Industry Verticals.
Segmentation for Solid State Lighting Market by Technology:
On the basis of Technology, Solid State Lighting Market can be segmented as:
LED
OLED
PLED
Segmentation for Solid State Lighting Market by Industry Verticals:
On the basis of Industry Verticals, Solid State Lighting Market can be segmented as:
Commercial
Industrial
Residential
Healthcare
Automotive
Gaming and Entertainment
Others
Commercial and Residential industry verticals are expected to witness higher growth when compared with other industries, owing to the increasing applications of solid state lighting in these segments.
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Solid State Lighting Market: Key Players
Some of the key players of Solid State Lighting market are OSRAM GmbH, Philips Lighting Holding B.V., NICHIA CORPORATION, Semiconductor Co., Ltd., General Electric Company, Intematix Corporation, BRIGHT LIGHT SYSTEMS, INC., AIXTRON SE, Applied Materials, Inc. and Bridgelux, Inc.
Solid State Lighting Market: Regional Overview
By geography, Solid State Lighting market can be segmented across North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, North America is expected to dominate the global Solid State Lighting Market during the forecast period, owing to government initiatives to adopt energy-efficient and eco-friendly technologies for illumination by banning incandescent bulbs and high implementation of solid state lighting systems across various industries. APEJ is expected to grow at the fastest rate in the forecast period, corresponding to the increasing manufacturing of semiconductors, and expansion of the same.
The report covers exhaustive analysis on:
Global Solid State Lighting Market Segments
Global Solid State Lighting Market Dynamics
Historical Actual Market Size, 2012 - 2016
Global Solid State Lighting Market Size & Forecast 2017 to 2027
Supply & Demand Value Chain for Solid State Lighting Market
Global Solid State Lighting Market Current Trends/Issues/Challenges
Competition & Companies involved in Solid State Lighting Market
Solid State Lighting Technology
Value Chain of Light Modules and Light Engines
Global Solid State Lighting Market Drivers and Restraints
Regional analysis for Global Solid State Lighting Market includes
North America Market
U.S.
Canada
Latin America Market
Argentina
Mexico
Brazil
Rest of Latin America
Western Europe Market
Germany
France
U.K.
Spain
Italy
Nordic
Benelux
Rest of Western Europe
Eastern Europe Market
Poland
Russia
Rest of Eastern Europe
Asia Pacific Excluding Japan Market
Australia and New Zealand (A&NZ)
China
India
ASEAN
Rest of Asia Pacific
Japan Market
Middle East and Africa Market
GCC Countries
North Africa
South Africa
Rest of MEA
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
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