Pune, 19, April 2023: The report expects the Solid State Lighting Market to grow from USD 164.05 Bn in 2021 to USD 253.68 Bn by 2029 at a CAGR of 5.6 percent, over the forecast period. The report analyzed by Maximize Market Research, on the Solid State Lighting Market, covers an extensive regional analysis and competitive Landscape.
Solid State Lighting Market Report Scope and Research Methodology
The report provides a complete analysis of the market participants in the Solid State Lighting Market. The report involves a thorough analysis of the global, regional, national and local levels of the Solid State Lighting market. The report represents the estimation of the Solid State Lighting market size and the growth rate along with existing and future trends in the Solid State Lighting market. The major industry players are mentioned by region along with their revenue, financial standing, portfolio and technical developments for competitive analysis of the global market for Solid State Lighting.
The report involves a comprehensive analysis of the Solid State Lighting market to the stakeholders in the industry. Segment-wise analysis of the Solid State Lighting market is divided into Technology, Installation Type, Application and Offering and understanding the factors affecting the market in a both favorable and unfavorable manner. The bottom-up approach was used in the report for Solid State Lighting market estimation. The report includes primary and secondary collection techniques with qualitative and quantitative analysis of the Solid State Lighting market. The Solid State Lighting report includes primary and secondary data collection approaches.
Solid State Lighting Market Dynamics
The development of efficient and adaptable lighting solutions, which offer health productivity and well-being is initiated by the government to create efficient and flexible lighting products. The increasing awareness about the intense effect of Solid State lighting on human health among the population helps to fuel the growth of the Market.
Solid State Lighting is driven by industrialization, increasing demand for 3 printing in solid lighting products, increasing investment in research and development for solid-state lighting, expansion of the semiconductor industry and high adoption of the LED, OLED and PLED technology in replacement of the gas, filament etc.,
Over the forecast period, market growth is expected to be hampered by the high initial cost of solid-state lighting systems and the lack of awareness about Solid State Lighting among customers.
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Solid State Lighting Market Regional Insights
In 2021, Asia Pacific dominated the Solid State Lighting Market and is expected to grow at significant growth, over the forecast period. The regional market is driven by the increasing production of semiconductors, increasing demand for warehouse lightning, growing uses of the LEDs, such as sterilization and disinfection and expansion of the automotive industry in India and China. In Japan, the presence of the Nichia Corporation, which is one of the leading manufacturers and it offers a mass market for air sterilization and water purification utilizing solid-state illumination. As a result, Japan helps to the regional growth of the Solid State Lighting Market.
The increasing use of solid-state lighting in indoor and outdoor lighting in emerging economies including China and Japan is the major driver for the growth of the regional Solid State Lighting industry.
Solid State Lighting Market Segmentation
By Technology
- Solid-State Lighting
- HID Lighting
- Fluorescent Lighting
- Others (Plasma and Induction Lighting)
By Installation Type
- New Installation
- Retrofit Installation
By Application
- General Lighting
- Backlighting
- Automotive Lighting
- Medical Lighting
- Others (Projector and Emergency Lighting)
By Offering
- Hardware
- Software
- Services
Solid State Lighting Market Key Players include:
- Royal Philips Electronics N.V.
- Panasonic corporation
- Samsung electronics Co. Ltd.
- Acuity brands lighting, Inc.
- Cree, Inc.
- Eaton corporation PLC
- General electric
- Energy Focus, Inc.
- Intematix corporation
- Osram Licht AG
- Aixtron AG
- Automotive Lighting LLC
- Bridgelux Inc.
- Data Display Products Inc.
- Nichia Group
- Royal Philips Electronics
- Toshiba Lighting Products
- Mitsubishi Electric Corporation
- Semiconductor
- BRIGHT LIGHT SYSTEMS
- Applied Materials
Table of Content for Global Solid State Lighting Market:
- Global Solid State Lighting Market: Research Methodology
- Global Solid State Lighting Market: Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Solid State Lighting Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by Region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Solid State Lighting Market Segmentation
- Global Market, by Technology (2022-2029)
- Global Market, by Installation Type (2022-2029)
- Global Market, by Application (2022-2029)
- Global Market, by Offering (2022-2029)
- Regional Global Solid State Lighting Market(2022-2029)
- Regional Market, by Technology (2022-2029)
- Regional Market, by Installation Type (2022-2029)
- Regional Market, by Application (2022-2029)
- Regional Market, by Offering (2022-2029)
- Regional Market, by Country (2022-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key questions answered in the Solid State Lighting Market are:
- What is Solid State Lighting?
- What is the CAGR of the Solid State Lighting Market?
- What was the Solid State Lighting Market Size in 2021?
- What is the expected Solid State Lighting Market size during the forecast period?
- What is the scope of the Solid State Lighting Market?
- What are the Key driving factors for the growth of the Solid State Lighting Market?
- What are the different segments of the Solid State Lighting Market?
- What are the factors restraining the growth of the Solid State Lighting Market?
- What is the demand pattern of the Solid State Lighting Market?
- What growth strategies are the players considering to increase their presence in Solid State Lighting?
- What are the growth opportunities for the Solid State Lighting Market?
- What are the upcoming industry applications and trends for the Solid State Lighting Market?
- What recent industry trends can be implemented to generate additional revenue streams for Solid State Lighting Market?
- What are the top players operating in the Solid
- State Lighting Market?
- Which region accounted for the largest market share in Solid State Lighting Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of the Technology, Installation Type, Application, Offering Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
Maximize Market Research Electronics research firm, has also published the following reports:
Linear Lighting Market: The market size is expected to reach USD 46.5 Bn by 2029 at a CAGR of 11.42 percent during the forecast period. The market is driven by the increasing demand for linear lighting by the end –users, integration of linear lighting solutions in horticulture and growing emphasis on architectural lighting.
Kitchen Lighting Market: The market size is expected to reach USD 22 bn by 2029 at a CAGR of 7.5 percent during the forecast period. The market is driven by the increasing demand in the E-commerce industry, the growing Use of LEDs in Lighting.
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