Global Solid State Lighting Market is segmented by Technology (Light Emitting Diodes (LED) and Organic Light Emitting Diodes (OLED).), by Application (Residential, Commercial, Industrial, and Outdoor Lighting), by End-User (Conventional Lighting, Automotive & Transport, Consumer Electronics, Healthcare, and Media & Entertainment)and by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America).Global Industry Analysis and Forecast 2018-2026. Global Solid State Lighting Market was valued US$15.71 Bn in 2017 and is anticipated to reach US$32.73 Bn by 2026 at a CAGR of about 8.5 % during a forecast.
Solid-state lighting gives energy efficient lighting technologies that conform to durability and improved productivity for reducing the level of greenhouse gases. This fuels the all over growth of the global solid state lighting market during the forecasting period. Technical expertise and favorable cost structure will increase due to consumer’s demand which is bolstering the growth of the solid state lighting market. Additionally, growing industrialization in the developing countries such as China and India are demanding energy efficient and cost-effective technologies is propelling the growth of the global solid state lighting market.
LED lighting solutions of Solid State Lightings segment is expected to grow at high CAGR.
Among Light Emitting Diodes (LED) and Organic Light Emitting Diodes (OLED), LED is accounting for a larger share in the global state lighting market. This growth is attributable to LED lighting solutions of Solid State Lightings across all sectors globally. Majorly this technology is use in residential, commercial, industrial, and outdoor lighting. In 2016, the commercial sector is dominating the global Solid State Lightings market. Many new and efficient forms of lighting technology come in Solid State Lightings market that attribute all over growth.
North America is expected to grow at high CAGR in a forecast period.
In worldwide Market for Solid State Lightings obtained the main position in Asia Pacific till 2017. Presently North America has numerous key players that ultimately dominate the global market. In 2017, Asia Pacific has revenue of US$ 6.45 Bn in Solid State Lightings Market and further followed by North America.
This report includes a study of marketing and development strategies, along with the Technology portfolios of leading companies. It includes the profiles of leading manufacturers such as 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
the key players involved in the Solid State Lighting Market.
Maximize Market research, a global Market research firm with dedicated team of specialists and data has carried out extensive research about the global solid state lighting market. Report encompasses the Market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the Market, further giving an insight into the Market dynamics, and future opportunities that might exist in the global solid state lighting market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing Market know-how of our clients and at the same time explain global solid state lighting market positioning of competitors.
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