Solid-State Lighting Source Market 2021 Competitive Insights - Koninklijke Philips N.V., OsRam Licht AG, Samsung Electronics Co. Ltd., GE Lighting, Mitsubishi Electric Corporation

The Solid-State Lighting Source Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The solid-state lighting source market is expected to register a CAGR of 14.4% over the forecast period 2021 - 2026.

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Top Leading Companies of Solid-State Lighting Source Market are Koninklijke Philips N.V., OsRam Licht AG, Samsung Electronics Co. Ltd., GE Lighting, Mitsubishi Electric Corporation, Eaton Corporation Inc., Bridgelux Inc., Toshiba Lighting, Acuity Brands Lighting Inc., Nichia Corporation and others.

Industry News and Updates

March 2020 - Samsung Electronics introduced its first human-centric LED packages, collectively known as LM302N. Engineered with carefully created light spectra, the LM302N family helps human bodies adjust melatonin levels indoors, making people feel more energetic or relaxed depending on their daily life patterns.

- January 2020 - GE Lighting added several new C by GE technologies to its expanding portfolio of smart home products. This includes advanced lighting switch and dimmer technologies along with new comfort, safety, and security solutions.

Key Market Trends

LED Technology to Occupy the Maximum Share

- LED Technology is expected to occupy the maximum share as by transitioning to energy-efficient LEDs, an estimated savings of USD 18 billion in electricity costs can be achieved. Furthermore, more than 160 million metric ton of carbon dioxide emissions can be avoided every year.

- The growing consumer awareness about the environment and the durability of LEDs, along with the government mandates for energy efficiency, are the drivers for the growing adoption of LEDs. Moreover, growing demand for flexible LEDs in smartphones and the development of white LEDs with software controllable brightness & color are likely to accelerate market growth.

- The desire to save energy, high efficiency, reliability, and longer life span are the driving factors for LED adoption in commercial buildings. Also, building energy codes are beginning to increase adoption with the requirement of more advanced control strategies in more commercial spaces.These lights can be paired with motion sensors, photocells, and timers to offer a lighting control system for efficient usage in commercial segment.

Regional Outlook of Solid-State Lighting Source Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Solid-State Lighting Source Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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