The Solid State Lighting Market Size was valued at USD 48.38 Billion in 2023 and the total Global Solid State Lighting revenue is expected to grow at a CAGR of 8.2 % from 2024 to 2030, reaching nearly USD 84.20 Billion by 2030Solid State Lighting Market Overview
Solid-state lighting (SSL) is a type of lighting that uses semiconductor light-emitting diodes (LEDs), organic light-emitting diodes (OLED), or polymer light-emitting diodes (PLED) as sources of illumination rather than electrical filaments, plasma (used in arc lamps such as fluorescent lamps), or gas.To know about the Research Methodology :- Request Free Sample Report Surged demand for Energy-efficient solid-state lighting has been a smart strategy for reducing lighting energy use in the nation’s carbon footprint as it saves money for homeowners and businesses and delivers superior promise of performance while reducing consumption of fossil fuels. The increase in efficacy of LED products has steadily improved owing to their introduction as a source for general illumination in the market. Solid State Lighting is expected to continue during the forecast period, thanks to new materials, better manufacturing processes, and new configurations. Additionally, the efficacy of LED packages compared to conventional light sources, and many integrated LED lamps and LED luminaires have efficacies that are comparable to traditional counterparts. 1. In 2023, China dominated the market followed by Japan, India, etc. China is a country of homeowners, with more than 90% of households owning homes. At the same time, more than 20% of Chinese households own multiple homes, higher than many developed nations, which propel the market growth.
Solid State Lighting Market Dynamics
The Surge of Solid-State Lighting Market Solid-state lighting Market has experienced significant growth in 2023. The major Key factors that influenced the market are energy savings, reduction of environmental pollution, and new functionalities that have boosted the market growth. In contrast to conventional lighting sources, solid-state sources have the potential to create light with unit power efficiency resulting in market growth. Additionally, the properties of light emitted by solid-state sources, such as spectral composition, polarization, color temperature, temporal modulation, and far-field emission pattern, can be controlled to a degree that is impossible with conventional light sources such as incandescent and fluorescent lamps as a result demand for solid-state light increases. The implications are enormous and, as a consequence, many positive developments are to be expected during the forecast period including a reduction in global energy consumption, a reduction of global-warming-gas and pollutant emissions, and a multitude of new functionalities benefiting numerous applications.Challenges and Barriers in the Solid-State Lighting Market Continuous demand for technology innovations in solid-state lighting has restrained the market growth. Lack of awareness regarding solid-state lighting in various regions hinders market growth. Compared to traditional lighting technologies solid-state lighting is costlier as a result adoption is difficult in several countries. Increasing manufacturers in the market has been challenging as it creates price fluctuation which as a result hinders market growth.
Solid State Lighting Market Segment Analysis
Based on type, the LED segment holds a significant share of 85% with a growing CAGR of 8.23%. LED lighting is cost-effective and generates less amount of heat than is conventional lighting option available. The Rise in the advancement of infrastructure and commercial projects has led to an increase in LED floor lamps, architectural LED lamps, etc. has led to market growth in the LED market. The reduction in LED production costs also lowers the initial installation costs of LED lamps and lanterns, which accelerates the installation of new LED lamps and lanterns in all application segments. Surged in demand for high-luminance LED has boosted the market growth in various regions. The indoor segment in application type dominated the market with a share of 68%. Asia Pacific is dominated with the largest revenue share of 45% in 2023. Countries such as China, Japan, India, etc have maintained dominance in 2023 thanks to an increase in the development of infrastructure and emerging technological advancements have boosted the growth in the regions. For instance, In June 2023, ENDO Lighting Corporation, a Japanese lighting solution provider, introduced Synca. Synca Lights offers multi-functional solutions for commercial and residential spaces.
Solid State Lighting Market Regional Insights
Asia Pacific dominated the Solid state lighting Market with the highest market share accounting for 46% in 2023, the region is expected to grow during the forecast period and maintain its dominance by 2030. Countries such as China hold the largest value share in 2023, accounting for 45.23%. China exports most of its LED lighting to other APAC countries, making it the world's largest LED lighting exporter. In June 2023 The Company lit up the Tokyo Dome with around 400 Panasonic LED floodlights, 2KW equivalent. North America is the fastest-growing region in the Solid state lighting Market with the market share accounting for 38% in 2023, the region is expected to grow during the forecast period. Thanks to the increase in demand for energy-efficient and sustainable lighting solutions. Increasing adoption of technology, which enhances LED technologies making it efficient and convenient to use has fuelled the market growth in the region. Rules and regulations implemented by the government to encourage the use of energy-efficient lighting solutions have boosted the market. The Key players are focusing on increasing vertical integration and consolidation to enhance the market growth. The United States holds the major share of 68% followed by Canada and Mexico. The U.S. Department of Energy (DOE) is committed to realizing the full potential of energy-efficient technologies such as solid-state lighting in meeting our nation’s challenges. 1. In July 2023, Philips Lighting, acquired the horticulture lighting company, fluence bioengineering to expand its presence in the agriculture lighting market.Solid State Lighting Market Competitive Landscape 1. In 2023, Nichia Corporation acquired Seoul semiconductors LED business unit for $ 3 Billion, creating a massive player in the LED chip market. 2. In 2023, AMS OSRAM merged with Ever light Electronics, Strengthening its position in the mid-power LED segment. 3. In January 2023, Acuity Brands acquired Peerless Lighting, expanding its commercial and industrial lighting portfolio. 4. In 2023, Osram acquired horticulture lighting company Dialight, aiming to capitalize on the growing demand for vertical framing.
Solid State Lighting Market Scope: Inquire before buying
Solid State Lighting Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 48.38 Bn. Forecast Period 2024 to 2030 CAGR: 8.2% Market Size in 2030: US $ 84.20 Bn. Segments Covered: by Application Indoor Lighting Outdoor Lighting Specialty Lighting by Type LED OLED PLED by Industry Vertical Residential Industrial and Commercial Medical Transportation by Installation Type New Installation Retrofit Solid State Lighting Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Key Players in Solid State Lighting Market
1. Royal Philips 2. Electronics N.V. 3. Panasonic corporation 1. Samsung electronics Co. Ltd. 2. Acuity brands lighting, Inc. 3. Cree, Inc. 4. Eaton corporation PLC 5. General electric 6. Energy Focus, Inc. 7. Intematix corporation 8. Osram Licht AG 9. Aixtron AG 10. Automotive Lighting LLC 11. Bridgelux Inc. 12. Data Display Products Inc. 13. Nichia Group 14. Royal Philips Electronics 15. Toshiba Lighting Products 16. Mitsubishi Electric Corporation 17. Semiconductor 18. BRIGHT LIGHT SYSTEMS 19. Applied Materials 20. Bridgelux Inc. Frequently Asked Questions: 1] What is the projected market size & and growth rate of the Market? Ans. The Solid State Lighting Market size was valued at USD 48.38 Billion in 2023 and the total Global revenue is expected to grow at a CAGR of 8.2 % from 2024 to 2030, reaching nearly USD 84.20 Billion By 2030 2] What segments are covered in the Solid State Lighting Market report? Ans. The segments covered in the Solid State Lighting Market report are based on Application, Type, Vertical Industry and Installation Type. 3] Which region is expected to hold the highest share in the Global Market? Ans. The Asia Pacific region is expected to hold the highest share of the Solid State Lighting Market. 4] What are the growth drivers for the Solid State Lighting market? Ans. The rising energy efficiency of solid state lighting, etc. is expected to be the major driver for the market. 5] What is the forecast period for the Market? Ans. The forecast period for the Solid State Lighting Market is 2024-2030.
1. Solid State Lighting Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Solid State Lighting Market: Dynamics 2.1. Solid State Lighting Market Trends by Region 2.1.1. North America Solid State Lighting Market Trends 2.1.2. Europe Solid State Lighting Market Trends 2.1.3. Asia Pacific Solid State Lighting Market Trends 2.1.4. Middle East and Africa Solid State Lighting Market Trends 2.1.5. South America Solid State Lighting Market Trends 2.2. Solid State Lighting Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Solid State Lighting Market Drivers 2.2.1.2. North America Solid State Lighting Market Restraints 2.2.1.3. North America Solid State Lighting Market Opportunities 2.2.1.4. North America Solid State Lighting Market Challenges 2.2.2. Europe 2.2.2.1. Europe Solid State Lighting Market Drivers 2.2.2.2. Europe Solid State Lighting Market Restraints 2.2.2.3. Europe Solid State Lighting Market Opportunities 2.2.2.4. Europe Solid State Lighting Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Solid State Lighting Market Drivers 2.2.3.2. Asia Pacific Solid State Lighting Market Restraints 2.2.3.3. Asia Pacific Solid State Lighting Market Opportunities 2.2.3.4. Asia Pacific Solid State Lighting Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Solid State Lighting Market Drivers 2.2.4.2. Middle East and Africa Solid State Lighting Market Restraints 2.2.4.3. Middle East and Africa Solid State Lighting Market Opportunities 2.2.4.4. Middle East and Africa Solid State Lighting Market Challenges 2.2.5. South America 2.2.5.1. South America Solid State Lighting Market Drivers 2.2.5.2. South America Solid State Lighting Market Restraints 2.2.5.3. South America Solid State Lighting Market Opportunities 2.2.5.4. South America Solid State Lighting Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Solid State Lighting Industry 2.8. Analysis of Government Schemes and Initiatives For Solid State Lighting Industry 2.9. Solid State Lighting Market Trade Analysis 2.10. The Global Pandemic Impact on Solid State Lighting Market 3. Solid State Lighting Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. Solid State Lighting Market Size and Forecast, by Application (2023-2030) 3.1.1. Indoor Lighting 3.1.2. Outdoor Lighting 3.1.3. Specialty Lighting 3.2. Solid State Lighting Market Size and Forecast, by Type (2023-2030) 3.2.1. LED 3.2.2. OLED 3.2.3. PLED 3.3. Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 3.3.1. Residential 3.3.2. Industrial and Commercial 3.3.3. Medical 3.3.4. Transportation 3.4. Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 3.4.1. New Installation 3.4.2. Retrofit 3.5. Solid State Lighting Market Size and Forecast, by Region (2023-2030) 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. Middle East and Africa 3.5.5. South America 4. North America Solid State Lighting Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Solid State Lighting Market Size and Forecast, by Application (2023-2030) 4.1.1. Indoor Lighting 4.1.2. Outdoor Lighting 4.1.3. Specialty Lighting 4.2. North America Solid State Lighting Market Size and Forecast, by Type (2023-2030) 4.2.1. LED 4.2.2. OLED 4.2.3. PLED 4.3. North America Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 4.3.1. Residential 4.3.2. Industrial and Commercial 4.3.3. Medical 4.3.4. Transportation 4.4. North America Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 4.4.1. New Installation 4.4.2. Retrofit 4.5. North America Solid State Lighting Market Size and Forecast, by Country (2023-2030) 4.5.1. United States 4.5.1.1. United States Solid State Lighting Market Size and Forecast, by Application (2023-2030) 4.5.1.1.1. Indoor Lighting 4.5.1.1.2. Outdoor Lighting 4.5.1.1.3. Specialty Lighting 4.5.1.2. United States Solid State Lighting Market Size and Forecast, by Type (2023-2030) 4.5.1.2.1. LED 4.5.1.2.2. OLED 4.5.1.2.3. PLED 4.5.1.3. United States Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 4.5.1.3.1. Residential 4.5.1.3.2. Industrial and Commercial 4.5.1.3.3. Medical 4.5.1.3.4. Transportation 4.5.1.4. United States Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 4.5.1.4.1. New Installation 4.5.1.4.2. Retrofit 4.5.2. Canada 4.5.2.1. Canada Solid State Lighting Market Size and Forecast, by Application (2023-2030) 4.5.2.1.1. Indoor Lighting 4.5.2.1.2. Outdoor Lighting 4.5.2.1.3. Specialty Lighting 4.5.2.2. Canada Solid State Lighting Market Size and Forecast, by Type (2023-2030) 4.5.2.2.1. LED 4.5.2.2.2. OLED 4.5.2.2.3. PLED 4.5.2.3. Canada Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 4.5.2.3.1. Residential 4.5.2.3.2. Industrial and Commercial 4.5.2.3.3. Medical 4.5.2.3.4. Transportation 4.5.2.4. Canada Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 4.5.2.4.1. New Installation 4.5.2.4.2. Retrofit 4.5.3. Mexico 4.5.3.1. Mexico Solid State Lighting Market Size and Forecast, by Application (2023-2030) 4.5.3.1.1. Indoor Lighting 4.5.3.1.2. Outdoor Lighting 4.5.3.1.3. Specialty Lighting 4.5.3.2. Mexico Solid State Lighting Market Size and Forecast, by Type (2023-2030) 4.5.3.2.1. LED 4.5.3.2.2. OLED 4.5.3.2.3. PLED 4.5.3.3. Mexico Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 4.5.3.3.1. Residential 4.5.3.3.2. Industrial and Commercial 4.5.3.3.3. Medical 4.5.3.3.4. Transportation 4.5.3.4. Mexico Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 4.5.3.4.1. New Installation 4.5.3.4.2. Retrofit 5. Europe Solid State Lighting Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Solid State Lighting Market Size and Forecast, by Application (2023-2030) 5.2. Europe Solid State Lighting Market Size and Forecast, by Type (2023-2030) 5.3. Europe Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 5.4. Europe Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 5.5. Europe Solid State Lighting Market Size and Forecast, by Country (2023-2030) 5.5.1. United Kingdom 5.5.1.1. United Kingdom Solid State Lighting Market Size and Forecast, by Application (2023-2030) 5.5.1.2. United Kingdom Solid State Lighting Market Size and Forecast, by Type (2023-2030) 5.5.1.3. United Kingdom Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 5.5.1.4. United Kingdom Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 5.5.2. France 5.5.2.1. France Solid State Lighting Market Size and Forecast, by Application (2023-2030) 5.5.2.2. France Solid State Lighting Market Size and Forecast, by Type (2023-2030) 5.5.2.3. France Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 5.5.2.4. France Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 5.5.3. Germany 5.5.3.1. Germany Solid State Lighting Market Size and Forecast, by Application (2023-2030) 5.5.3.2. Germany Solid State Lighting Market Size and Forecast, by Type (2023-2030) 5.5.3.3. Germany Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 5.5.3.4. Germany Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 5.5.4. Italy 5.5.4.1. Italy Solid State Lighting Market Size and Forecast, by Application (2023-2030) 5.5.4.2. Italy Solid State Lighting Market Size and Forecast, by Type (2023-2030) 5.5.4.3. Italy Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 5.5.4.4. Italy Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 5.5.5. Spain 5.5.5.1. Spain Solid State Lighting Market Size and Forecast, by Application (2023-2030) 5.5.5.2. Spain Solid State Lighting Market Size and Forecast, by Type (2023-2030) 5.5.5.3. Spain Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 5.5.5.4. Spain Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 5.5.6. Sweden 5.5.6.1. Sweden Solid State Lighting Market Size and Forecast, by Application (2023-2030) 5.5.6.2. Sweden Solid State Lighting Market Size and Forecast, by Type (2023-2030) 5.5.6.3. Sweden Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 5.5.6.4. Sweden Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 5.5.7. Austria 5.5.7.1. Austria Solid State Lighting Market Size and Forecast, by Application (2023-2030) 5.5.7.2. Austria Solid State Lighting Market Size and Forecast, by Type (2023-2030) 5.5.7.3. Austria Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 5.5.7.4. Austria Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 5.5.8. Rest of Europe 5.5.8.1. Rest of Europe Solid State Lighting Market Size and Forecast, by Application (2023-2030) 5.5.8.2. Rest of Europe Solid State Lighting Market Size and Forecast, by Type (2023-2030) 5.5.8.3. Rest of Europe Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 5.5.8.4. Rest of Europe Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 6. Asia Pacific Solid State Lighting Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Solid State Lighting Market Size and Forecast, by Application (2023-2030) 6.2. Asia Pacific Solid State Lighting Market Size and Forecast, by Type (2023-2030) 6.3. Asia Pacific Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 6.4. Asia Pacific Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 6.5. Asia Pacific Solid State Lighting Market Size and Forecast, by Country (2023-2030) 6.5.1. China 6.5.1.1. China Solid State Lighting Market Size and Forecast, by Application (2023-2030) 6.5.1.2. China Solid State Lighting Market Size and Forecast, by Type (2023-2030) 6.5.1.3. China Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 6.5.1.4. China Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 6.5.2. S Korea 6.5.2.1. S Korea Solid State Lighting Market Size and Forecast, by Application (2023-2030) 6.5.2.2. S Korea Solid State Lighting Market Size and Forecast, by Type (2023-2030) 6.5.2.3. S Korea Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 6.5.2.4. S Korea Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 6.5.3. Japan 6.5.3.1. Japan Solid State Lighting Market Size and Forecast, by Application (2023-2030) 6.5.3.2. Japan Solid State Lighting Market Size and Forecast, by Type (2023-2030) 6.5.3.3. Japan Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 6.5.3.4. Japan Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 6.5.4. India 6.5.4.1. India Solid State Lighting Market Size and Forecast, by Application (2023-2030) 6.5.4.2. India Solid State Lighting Market Size and Forecast, by Type (2023-2030) 6.5.4.3. India Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 6.5.4.4. India Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 6.5.5. Australia 6.5.5.1. Australia Solid State Lighting Market Size and Forecast, by Application (2023-2030) 6.5.5.2. Australia Solid State Lighting Market Size and Forecast, by Type (2023-2030) 6.5.5.3. Australia Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 6.5.5.4. Australia Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 6.5.6. Indonesia 6.5.6.1. Indonesia Solid State Lighting Market Size and Forecast, by Application (2023-2030) 6.5.6.2. Indonesia Solid State Lighting Market Size and Forecast, by Type (2023-2030) 6.5.6.3. Indonesia Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 6.5.6.4. Indonesia Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 6.5.7. Malaysia 6.5.7.1. Malaysia Solid State Lighting Market Size and Forecast, by Application (2023-2030) 6.5.7.2. Malaysia Solid State Lighting Market Size and Forecast, by Type (2023-2030) 6.5.7.3. Malaysia Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 6.5.7.4. Malaysia Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 6.5.8. Vietnam 6.5.8.1. Vietnam Solid State Lighting Market Size and Forecast, by Application (2023-2030) 6.5.8.2. Vietnam Solid State Lighting Market Size and Forecast, by Type (2023-2030) 6.5.8.3. Vietnam Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 6.5.8.4. Vietnam Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 6.5.9. Taiwan 6.5.9.1. Taiwan Solid State Lighting Market Size and Forecast, by Application (2023-2030) 6.5.9.2. Taiwan Solid State Lighting Market Size and Forecast, by Type (2023-2030) 6.5.9.3. Taiwan Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 6.5.9.4. Taiwan Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 6.5.10. Rest of Asia Pacific 6.5.10.1. Rest of Asia Pacific Solid State Lighting Market Size and Forecast, by Application (2023-2030) 6.5.10.2. Rest of Asia Pacific Solid State Lighting Market Size and Forecast, by Type (2023-2030) 6.5.10.3. Rest of Asia Pacific Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 6.5.10.4. Rest of Asia Pacific Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 7. Middle East and Africa Solid State Lighting Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Solid State Lighting Market Size and Forecast, by Application (2023-2030) 7.2. Middle East and Africa Solid State Lighting Market Size and Forecast, by Type (2023-2030) 7.3. Middle East and Africa Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 7.4. Middle East and Africa Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 7.5. Middle East and Africa Solid State Lighting Market Size and Forecast, by Country (2023-2030) 7.5.1. South Africa 7.5.1.1. South Africa Solid State Lighting Market Size and Forecast, by Application (2023-2030) 7.5.1.2. South Africa Solid State Lighting Market Size and Forecast, by Type (2023-2030) 7.5.1.3. South Africa Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 7.5.1.4. South Africa Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 7.5.2. GCC 7.5.2.1. GCC Solid State Lighting Market Size and Forecast, by Application (2023-2030) 7.5.2.2. GCC Solid State Lighting Market Size and Forecast, by Type (2023-2030) 7.5.2.3. GCC Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 7.5.2.4. GCC Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 7.5.3. Nigeria 7.5.3.1. Nigeria Solid State Lighting Market Size and Forecast, by Application (2023-2030) 7.5.3.2. Nigeria Solid State Lighting Market Size and Forecast, by Type (2023-2030) 7.5.3.3. Nigeria Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 7.5.3.4. Nigeria Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 7.5.4. Rest of ME&A 7.5.4.1. Rest of ME&A Solid State Lighting Market Size and Forecast, by Application (2023-2030) 7.5.4.2. Rest of ME&A Solid State Lighting Market Size and Forecast, by Type (2023-2030) 7.5.4.3. Rest of ME&A Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 7.5.4.4. Rest of ME&A Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 8. South America Solid State Lighting Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Solid State Lighting Market Size and Forecast, by Application (2023-2030) 8.2. South America Solid State Lighting Market Size and Forecast, by Type (2023-2030) 8.3. South America Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 8.4. South America Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 8.5. South America Solid State Lighting Market Size and Forecast, by Country (2023-2030) 8.5.1. Brazil 8.5.1.1. Brazil Solid State Lighting Market Size and Forecast, by Application (2023-2030) 8.5.1.2. Brazil Solid State Lighting Market Size and Forecast, by Type (2023-2030) 8.5.1.3. Brazil Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 8.5.1.4. Brazil Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 8.5.2. Argentina 8.5.2.1. Argentina Solid State Lighting Market Size and Forecast, by Application (2023-2030) 8.5.2.2. Argentina Solid State Lighting Market Size and Forecast, by Type (2023-2030) 8.5.2.3. Argentina Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 8.5.2.4. Argentina Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 8.5.3. Rest Of South America 8.5.3.1. Rest Of South America Solid State Lighting Market Size and Forecast, by Application (2023-2030) 8.5.3.2. Rest Of South America Solid State Lighting Market Size and Forecast, by Type (2023-2030) 8.5.3.3. Rest Of South America Solid State Lighting Market Size and Forecast, by Industry Vertical (2023-2030) 8.5.3.4. Rest Of South America Solid State Lighting Market Size and Forecast, by Installation Type (2023-2030) 9. Global Solid State Lighting Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Solid State Lighting Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Royal Philips 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Electronics N.V. 10.3. Panasonic corporation 10.4. Samsung electronics Co. Ltd. 10.5. Acuity brands lighting, Inc. 10.6. Cree, Inc. 10.7. Eaton corporation PLC 10.8. General electric 10.9. Energy Focus, Inc. 10.10. Intematix corporation 10.11. Osram Licht AG 10.12. Aixtron AG 10.13. Automotive Lighting LLC 10.14. Bridgelux Inc. 10.15. Data Display Products Inc. 10.16. Nichia Group 10.17. Royal Philips Electronics 10.18. Toshiba Lighting Products 10.19. Mitsubishi Electric Corporation 10.20. Semiconductor 10.21. BRIGHT LIGHT SYSTEMS 10.22. Applied Materials 10.23. Bridgelux Inc. 11. Key Findings 12. Industry Recommendations 13. Solid State Lighting Market: Research Methodology 14. Terms and Glossary