Market Highlights

The global solid state lighting market is showing immense growth; mainly due to the growing need for high efficiency lighting and growing need for long life HID lights. Increasing demand for energy efficient lighting is one major factor driving the growth of solid state lighting market. Steep increase in the adoption of fluorescent lights is one major factor driving the growth of solid state lighting market. OSRAM Licht AG, Royal Philips Electronics N.V., Seoul Semiconductor Co., Ltd., General Electric Company, Nichia Corporation, and AIXTRON SE are the major investors in the solid state lighting market.

Based on offering, the market is segmented into hardware, software and services. The services segment is expected to grow at a significant rate during the forecast period. This is owing to the growing urbanization and increasing expansion of city projects. Increased demand for energy efficient lighting is one major factor driving the growth of solid state lighting market. According to a recent study report published by Market Research Future, The global market of solid state lighting is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).

Also, increasing initiatives from government and increasing use of plasma lights in horticulture are major factors responsible for fueling the growth of solid state lighting market. Also, technological advancements and low maintenance cost of induction lighting is one major factor responsible for driving the growth of solid state lighting market. On the other hand, high implementation and equipment costs and lack of standardization are major factors hindering the growth of solid state lighting market. Also, high initial cost of solid state lighting products is another factor that may hamper the market growth.

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Major Key players
• Royal Philips Electronics N.V. (Netherlands)
• Panasonic corporation (Japan)
• Samsung electronics Co. Ltd. (South Korea)
• Acuity brands lighting, Inc. (U.S.)
• Cree, Inc. (U.S.)
• Eaton corporation PLC (Ireland)
• General electric (U.S.)
• Energy Focus, Inc. (U.S.)
• Intematix corporation (U.S.)
• Osram Licht AG (Germany)

Segmentation:

The solid state lighting market can be classified into 6 key segments for the convenience of the report and enhanced understanding;
Segmentation by Installation Type: Comprises of New Installation and Retrofit Installation
Segmentation by Offering: Comprises of Hardware, Software and Services
Segmentation by Application: Comprises of General Lighting, Backlighting, Automotive Lighting, Medical Lighting and Others
Segmentation by Region: Comprises of Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Regional Analysis:
Asia Pacific is expected to witness a significant growth and hold the largest market share during the forecast period. Germany, China, Japan and India are anticipated to drive the growth of the solid state lighting market in Asia Pacific owing to the presence of a large number of established key players such as OSRAM Licht AG, Seoul Semiconductor Co., Ltd., Nichia Corporation (Japan), and AIXTRON SE among others. The increasing adoption of solid-state lighting in indoor and outdoor lighting applications in developing countries such as India and China is responsible for driving the growth of solid state lighting market.
Solid state lighting market in Rest of the World is expected to grow at a substantial CAGR during 2017 to 2023 due to increasing demand for energy saving lighting applications and growing demand for HID lighting in the region. Also, increasing infrastructure development in Middle East & Africa is another major factor fueling the growth of solid state lighting market.

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List Of Tables

TABLE 1 GLOBAL SOLID STATE LIGHTING MARKET (USD BILLION)
TABLE 2 GLOBAL SOLID STATE LIGHTING MARKET, BY TECHNOLOGY
TABLE 3 GLOBAL LED MARKETS, BY REGION
TABLE 4 GLOBAL OLED MARKET, BY REGION
TABLE 5 GLOBAL SOLID STATE LIGHTING MARKET, BY APPLICATION
TABLE 6 GLOBAL RESIDENTIAL MARKET, BY REGION
TABLE 7 GLOBAL MEDICAL MARKET, BY REGION
TABLE 8 GLOBAL COMMERCIAL MARKET, BY REGION
TABLE 9 GLOBAL OUTDOOR LIGHTING MARKET, BY REGION
TABLE 10 GLOBAL AUTOMOTIVE MARKET, BY REGION
TABLE 11 GLOBAL TRANSPORTATION MARKET, BY REGION
TABLE 12 GLOBAL CONSUMER ELECTRONICS MARKET, BY REGION
TABLE 13 GLOBAL OTHERS MARKET, BY REGION
TABLE 14 GLOBAL SOLID STATE LIGHTING MARKET, BY REGION
TABLE 15 NORTH AMERICA SOLID STATE LIGHTING MARKET, BY COUNTRY
TABLE 16 NORTH AMERICA SOLID STATE LIGHTING MARKET, BY TECHNOLOGY
TABLE 17 NORTH AMERICA SOLID STATE LIGHTING MARKET, BY APPLICATION
TABLE 18 U.S. SOLID STATE LIGHTING MARKET, BY TECHNOLOGY
TABLE 19 U.S. SOLID STATE LIGHTING MARKET, BY APPLICATION
TABLE 20 CANADA SOLID STATE LIGHTING MARKET, BY TECHNOLOGY
TABLE 21 CANADA SOLID STATE LIGHTING MARKET, BY APPLICATION
TABLE 22 EUROPE SOLID STATE LIGHTING MARKET, BY COUNTRY
TABLE 23 EUROPE SOLID STATE LIGHTING MARKET, BY TECHNOLOGY
TABLE 24 EUROPE SOLID STATE LIGHTING MARKET, BY APPLICATION
TABLE 25 GERMANY SOLID STATE LIGHTING MARKET, BY TECHNOLOGY
TABLE 26 GERMANY SOLID STATE LIGHTING MARKET, BY APPLICATION
TABLE 27 FRANCE SOLID STATE LIGHTING MARKET, BY TECHNOLOGY
TABLE 28 FRANCE SOLID STATE LIGHTING MARKET, BY APPLICATION
TABLE 29 U.K. SOLID STATE LIGHTING MARKET, BY TECHNOLOGY
TABLE 30 U.K. SOLID STATE LIGHTING MARKET, BY APPLICATION
TABLE 31 REST OF EUROPE SOLID STATE LIGHTING MARKET, BY COUNTRY
TABLE 32 REST OF EUROPE SOLID STATE LIGHTING MARKET, BY TECHNOLOGY
TABLE 33 REST OF EUROPE SOLID STATE LIGHTING MARKET, BY APPLICATION
TABLE 34 ASIA-PACIFIC SOLID STATE LIGHTING MARKET, BY COUNTRY
TABLE 35 ASIA-PACIFIC SOLID STATE LIGHTING MARKET, BY TECHNOLOGY
TABLE 36 ASIA-PACIFIC SOLID STATE LIGHTINGMARKET, BY APPLICATION
TABLE 37 MIDDLE EAST & AFRICA SOLID STATE LIGHTING MARKET, BY COUNTRY
TABLE 38 MIDDLE EAST & AFRICA SOLID STATE LIGHTING MARKET, BY TECHNOLOGY
TABLE 39 MIDDLE EAST & AFRICA SOLID STATE LIGHTING MARKET, BY APPLICATION