Solid-State Lighting Source Market 2022 Precise Outlook- Koninklijke Philips N.V., OsRam Licht AG, Samsung Electronics Co. Ltd., GE Lighting, Mitsubishi Electric Corporation

The report considers the present scenario of the Solid-State Lighting Source Market and its dynamics for the forecast period 2022-2026. Solid-State Lighting Source Market covers a detailed overview of several growth enablers, restraints, and trends in the market. The research report highlights the market’s current and potential key opportunities along with crucial insights.              

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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The Solid-State Lighting Source market is highly competitive and consists of a number of major players. Companies like 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 Amongst Others.

Key Developments:

- 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.

Market Segmentation:

Segment by Type
Light Emitting Diodes (LEDs)
Organic Light Emitting Diodes (OLED)
Polymer Light Emitting Diodes (PLED)

Segment by Application
Residential
Commercial
Automotive
Medical
Consumer Electronics
Other

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.

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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 regional scale.

–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.

–Analytical Tools:  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, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Solid-State Lighting Source Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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