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(I-SoftwareNews.Com, July 23, 2016 ) The term solid state lighting refers to the light emitted by solid-state electroluminescence or fluorescent tubes. Solid state lighting (SSL) uses polymer light-emitting diodes, semiconductor light-emitting diodes, and organic light-emitting diodes as a source of radiance.
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Compared to the conventional lighting technologies such as incandescent lamps, the solid state lighting products provide higher output with lesser amount of energy. Incandescent lamps failed in optimum conversion of electrical energy into light, and SSL overcomes this issue. Additionally, high durability (5 to 8 years) of SSL products is another advantageous feature which is expected to boost the adoption of SSL products during the forecast period. Furthermore, lower maintenance costs, reduced size, versatility, and high energy efficiency of SSL products when compared to other conventional products, is expected to propel the global solid state lighting market during the forecast period. The solid state lighting product are designed to reduce the biological impacts, thereby prompting their use across the globe. Also, improved optical distribution of light in SSL products, significantly reduces the light wastage/scattering, and therefore produces better illumination.
Reduction in amount of manufacturing material (such as aluminum) for SSL products lowers the manufacturing cost and time, thereby serving as a key opportunity area for the SSL vendors globally. Furthermore, the expected implementation of SSL, owing to enhanced color stability and lumen proficiency, within several lighting applications including automotive lighting, general lighting, and medical lighting, is analyzed to promise significant growth within the global solid state lighting market. The high initial cost of SSL products hinders the global solid state lighting market. Additionally, poor efficiency of SSL products in heat sensitive applications further restricts the global solid state lighting market.
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The solid state lighting market has been segmented on the basis of technology into light-emitting diodes (LED) and organic light-emitting diodes (OLED). The SSL market has been further segmented based on applications, namely: general lighting, automotive lighting, electronic billboards, backlighting, and medical lighting. On the basis of installation type, the global solid state lighting market has been fragmented into new installation and retrofit. Additionally, the global solid state lighting market has been further segmented by end-user industry verticals into residential, education & research, healthcare, commercial, industrial, consumer electronics, and automotive & transportation.
Asia Pacific (APAC) is observed as the largest pool for global solid state lightning market owing to availability of cheap labor and low manufacturing costs. In addition, North America leads the global solid state lighting market owing to a significant implementation of SSL technology in lightning products. In addition, governments of developed regions such as the North America and Europe, are planning to ban incandescent bulbs and increase adoption of energy-efficient and eco-friendly technologies for illumination, thereby further expected to bolster the global solid state lighting market In South America (SAM), Brazil is expected to be is largest contributor to global solid state lightning market due to rapid infrastructural development propelling employment of large amount of SSL products.
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Some of the key players operating within the global solid state lighting market include Osram Licht AG, Nichia Corporation, General Electric Company, Royal Philips Electronics N.V., Seoul Semiconductor Co. Ltd., Applied Materials, Inc., Cambridge Display Technology Ltd., Mitsubishi Electric Corporation, Cree, Inc., Eaton Corporation PLC., Lumenpulse Inc., Energy Focus, Inc., Samsung Electronics Co. Ltd., and Tridonic Gmbh & Co. KG among others.
Few Key Points from Table of Content
7 Global Solid State Lighting (SSL) Market Analysis
7.1 Global Sales Revenue and Forecasts to 2025
7.2 Global Solid State Lighting (SSL) Market, Competitive Landscape
8 Global Solid State Lighting (SSL) Market Revenue and Forecasts to 2025 Technology
8.1 Overview
8.1.1 Segment Share (%), 2014 & 2025
8.2 Light-Emitting Diodes (LED)
8.3 Organic Light-Emitting Diodes (OLED)
9 Global Solid State Lighting (SSL) Market Revenue and Forecasts to 2025 Installation Type
9.1 Overview
9.1.1 Segment Share (%), 2014 & 2025
9.2 New Installation
9.3 Retrofit
10 Global Solid State Lighting (SSL) Market Revenue and Forecasts to 2025 Applications
10.1 Overview
10.1.1 Segment Share (%), 2014 & 2025
10.2 General Lighting
10.3 Electronic Billboards
10.4 Automotive Lighting
10.5 Backlighting
10.6 Medical Lighting
11 Global Solid State Lighting (SSL) Market Revenue and Forecasts to 2025 End-user Industry Vertical
11.1 Overview
11.1.1 Segment Share (%), 2014 & 2025
11.2 Residential
11.3 Education & Research
11.4 Healthcare
11.5 Commercial
11.6 Industrial
11.7 Consumer Electronics
11.8 Automotive & Transportation
13 Global Solid State Lighting (SSL) Market, Key Company Profiles Included Key Facts, Business Description, Financial Overview, SWOT Analysis and Key Developments
13.1 Osram Licht AG
13.2 Nichia Corporation
13.3 General Electric Company
13.4 Royal Philips Electronics N.V.
13.5 Seoul Semiconductor Co. Ltd.
13.6 Applied Materials, Inc.
13.7 Cambridge Display Technology Ltd.
13.8 Mitsubishi Electric Corporation
13.9 Cree, Inc.
13.10 Eaton Corporation PLC.
13.11 Lumenpulse Inc.
13.12 Energy Focus, Inc.
13.13 Samsung Electronics Co. Ltd.
13.14 Tridonic Gmbh & Co. KG
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries. Our syndicated research content is focused towards providing global and regional market forecasts and analysis. All our syndicated reports provide analysis of key trends, market size and shares, and competitive landscape analysis. We provide detailed segmentation of market by geography, technology, product or service which helps our clients get a deeper market analysis.
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