Product Code: RP-ID-10079027 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Energy & Power |
Report ID: 10079027
Market Overview:
Forecast 2018 – 2025 | Solid State Lighting Industry By Top Key Players (General Electric Company, OSRAM Light AG, Panasonic Corporation) By Application (General Lighting, Automotive Lighting, Medical Lighting) By Sector (Commercial Sector, Residential Sector, Industrial Sector)- Global Analysis and Current Growth Analysis
Global Solid State Lighting Industry was valued at USD 126.76 Billion in the year 2017. Solid State Lighting Industry is further estimated to grow at a CAGR of 5.96% from 2018 to 2025 to reach USD 207.5 Billion by the year 2025. Asia Pacific region holds the highest Industry share in 2017 with European region is considered as the fastest growing Industry in the forecasted period. At a country level, South Korea is the biggest Industry in 2017 and it is projected to grow at a gradual pace in the coming years.
On the other hand, the automotive sector is expected to grow at the highest CAGR during the year 2018-2025. Solid state lightings are being used in the lights of some top automotive manufacturers. It is predicted that OLEDs will be used in the interiors of the cars in the coming years.
The major Industry Players in Solid State Lighting Industry are General Electric Company, OSRAM Light AG, Panasonic Corporation, Mitsubishi Electric Corporation, Koninklijke Philips N.V., Eaton Corporation PLC, Samsung Electronics Co. Ltd. and other 13 companies is also provided. Samsung Electronics, General Electric, and Panasonic are some of the key manufacturers in the Solid State Lighting Industry with Samsung Electronics holding the substantial Industry share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
The commercial segment is expected to hold the highest Industry share during the forecast period. With the increasing number of smartphone user, there is a demand for advanced technology in the display Industry. The Governments of different countries are helping the local manufacturers by providing them resources. Thus, Solid State lighting Industry has a strong potential across the major countries.
By Technology
Solid-State Lighting
LEDs
OLEDs
Fluorescent Lighting
LFL
CFL
CCFL
By Application
General Lighting
Automotive Lighting
Medical Lighting
Others
By Sector
Commercial Sector
Residential Sector
Industrial Sector
Others
By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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