Press release
Rising Demand For Energy-Efficient Lighting Fuels The Solid-State Lighting Market Growth Driver: Leading Transformation in the Solid State Lighting Market in 2025
Solid State Lighting Market
The solid-state lighting market is set to witness significant growth, driven by rising demand for energy-efficient lighting. Compared to traditional lighting systems, energy-efficient lighting consumes less energy while delivering the same level of brightness. This reduction in energy consumption consequently helps reduce greenhouse gas emissions, assisting in controlling climate change. LED technology, integral to solid-state lighting, exhibits superior energy efficiency when up against conventional light sources. This has led to an increase in its adoption among both domestic and business clients who wish to comply with regulatory standards and cut down on their energy utilization. For example, in September 2022, the France-based International Energy Agency noted that global sales of residential LED lights have surged notably in recent years, with a market share reaching around 50% in 2022 and projected to achieve a full 100% of LED lighting sales by 2025. Furthermore, the efficiency of new LED models is forecasted to improve by almost 30% by 2030, aligning well with the Net Zero scenario. Hence, the escalating demand for energy-efficient lighting fuels the expansion of the solid-state lighting market.
Get Your Solid State Lighting Market Report Here:
https://www.thebusinessresearchcompany.com/report/solid-state-lighting-global-market-report
What is the projected compound annual growth rate (CAGR) of the solid state lighting market from 2025 to 2034, and what factors influence it?
The market size for solid state lighting has experienced rapid expansion in the past few years. The prediction indicates an increase from $44.97 billion in 2024 to $50.09 billion in 2025, boasting a compound annual growth rate (CAGR) of 11.4%. Factors contributing to this growth during the historical period include heightened use of solid-state lighting, industrialization advancement, a rise in disposable income, and keen government initiatives.
The market for solid state lighting is predicted to experience significant expansion in the coming years, reaching an impressive value of $76.04 billion by 2029, with a compound annual growth rate (CAGR) of 11.0%. This trend throughout the forecast period is influenced by a growing inclination towards energy-efficient and energy-saving lighting options, as well as a surge in demand for eco-friendly lighting solutions and rising government-backed industry consortiums. The upcoming period is also expected to see key trends such as technological innovation, a shift towards human-centric lighting, the rise of mini-LED and micro-LED usage, the emergence of horticultural lighting, and the adoption of silicon-based LED technology.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15298&type=smp
How are the latest trends influencing the growth of the solid state lighting market?
Leading firms in the solid-state lighting market are prioritizing innovation in materials, blueprints, and production techniques to develop more effective LED technologies such as chip-scale LEDs. These developments aim to enhance lighting conditions, broaden their market scope and potential sales opportunities. A chip-scale LED is a unique white LED package designed to address the issues of rough light-emitting surfaces and inadequate light patterns common in conventional LED lighting fixtures. For example, Nichia Corporation, a Japanese firm that specializes in the production and distribution of light-emitting diodes, launched a product known as NFSWL11A-D6 in January 2024. This innovative product is designed to lighten and slim down lighting fixtures, which reduces resources used on lighting fixture design and construction materials. Moreover, the evenly spread horizontal light creates a gentle, low-glare illumination that covers the entire environment, creating new design opportunities for lighting fixtures. This adds value to solid-state lighting by maximizing resource utilization and improving building safety.
What are the major segments of the solid state lighting market and their role in driving growth?
The solid state lighting market covered in this report is segmented -
1) By Type: Light Emitting Diode (LED), Organic Light Emitting Diode (OLED), Polymer Light Emitting Diode (PLED)
2) By Installation Type: New Installation, Retrofit
3) By Applications: Indoor Lighting, Outdoor Lighting, Specialty Lighting
4) By Industry Vertical: Residential, Industrial And Commercial, Medical, Transportation, Other Industry Vertical
Subsegments:
1) By Light Emitting Diode (LED): High-Power LEDs, Mid-Power LEDs, Low-Power LEDs, High-Brightness LEDs
2) By Organic Light Emitting Diode (OLED): OLED Panels, OLED Lighting Fixtures, Flexible OLEDs, Transparent OLEDs
3) By Polymer Light Emitting Diode (PLED): PLED Displays, PLED Lighting Solutions, Flexible PLEDs, Active Matrix PLEDs
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15298
Asia-Pacific was the largest region in the solid state lighting market in 2024. The regions covered in solid-state lighting report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the solid state lighting market?
Major companies operating in the solid state lighting market report are Samsung Electronics Co. Ltd; General Electric Company; Panasonic Holdings Corporation; Mitsubishi Electric Pvt. Ltd.; Toshiba Corporation; Everlight Electronics Co. Ltd.; Koninklijke Philips N.V.; Signify Holding B.V.; Energy Focus Inc.; OSRAM GmbH; Hubbell Incorporated; Acuity Brands Inc; Stanley Electric Co.; Zumtobel Group; Seoul Semiconductor Co. Ltd.; Cree LED; Lumileds Holding B.V.; Cooper Lighting LLC; Bridgelux Inc.; TCP Lighting; Sanken Electric Co. Ltd.; Intematix Corporation; Seoul Viosys Co. Ltd.; Phoenix Products LLC; Nichia Corporation
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=15298&type=smp
What Is Covered In The Solid State Lighting Global Market Report?
•Market Size Forecast: Examine the solid state lighting market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the solid state lighting market for a structured understanding.
•Key Players Overview: Analyze major players in the solid state lighting market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the solid state lighting market.
•Segment Contributions: Evaluate how different segments drive overall growth in the solid state lighting market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the solid state lighting market.
•Industry Challenges: Identify potential risks and obstacles affecting the solid state lighting market.
•Competitive Landscape: Review strategic developments in the solid state lighting market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Demand For Energy-Efficient Lighting Fuels The Solid-State Lighting Market Growth Driver: Leading Transformation in the Solid State Lighting Market in 2025 here
News-ID: 3917268 • Views: …
More Releases from The Business Research Company
Blockchain Distributed Ledger Technology (DLT) In The Financial Sector Market In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Blockchain Distributed Ledger Technology (DLT) In The Financial Sector Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Driven by growing interest and investments in blockchain research from financial institutions, the acceptance of blockchain technology for international payment purposes, the application of distributed ledger technology in…
Future of the Bitumen Impregnated Fibreboard Market: Strategic Analysis and Fore …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Bitumen Impregnated Fibreboard Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for bitumen impregnated fibreboard has witnessed substantial growth lately. Projected to rise from $1.14 billion in 2024 to $1.22 billion in 2025, the market anticipates a compound annual growth rate (CAGR)…
Advancing Benefits Management Through AI Patra's New Digital Platform Industry T …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Benefits Management Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the market size for benefits management services has witnessed accelerated growth. The market is projected to expand from $10.08 billion in 2024 to $11.16 billion in 2025, showing a compound annual…
Major Growth Driver Identified in 2025 Battery Operated Crown Staplers Market: G …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Battery Operated Crown Staplers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of battery-operated crown staplers has experienced significant expansion in the past few years. Its valuation is projected to rise from $0.84 billion in 2024 to $0.92 billion in 2025, witnessing…
More Releases for LED
HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets.
Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg
This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,…
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside.
There are many reasons that…
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips…
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more
The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included…
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=68754
Table of Contents:
Table of Contents
Global LED Driver (LED Lighting Driver) Market Research Report…
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver…
