Solid State Lighting Market was valued at USD 164.05 Billion in 2021, and it is expected to reach USD 253.68 Billion by 2029, exhibiting a CAGR of 5.6% during the forecast period (2022-2029).
Solid State Lighting Market Overview
Most comprehensive market report published by Maximize Market research provides an extensive regional analysis and competitive landscapes of the Solid State Lighting market. The growth of the Solid State Lighting Market is expected in forecast period. The report provides the key insights of the market equipped with a detailed regional, demand and competitor analysis.
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Market Scope
The intelligence report on the Solid State Lighting Market gives in depth analysis of the market and the significant drivers that are driving the market growth. To understand the Solid State Lighting market the report presents the drivers, challenges, restraints and opportunities prevailing the Solid State Lighting market. The report covers current and future trends to help investors understand the opportunities and challenges in upcoming forecast period. The report is equipped with a competitive analysis of the Solid State Lighting market.
The key players and new entrants are studied and analysed by region, revenue, financial status, portfolio, technological advancements adopted, social media presence, mergers and acquisitions, joint ventures and strategic alliances. This kind of analysis guide the stakeholders, investor, market players and followers and the new entrants with overall view of the Solid State Lighting market for formulating investment approaches and marketing tactics.
Segmentation
The market is divided into Solid-State Lighting, HID Lighting, Fluorescent Lighting, and Others based on technology (Plasma and Induction Lighting). The use of solid state lighting in applications like automotive, medical, and outdoor lighting, along with rising consumer awareness of energy-efficient LED lighting, are likely to drive up demand for solid state lighting globally.
The market is divided into General Lighting, Backlighting, Automotive Lighting, Medical Lighting, and Others based on application (Projector and Emergency Lighting). During the forecast period, the automotive lighting market is anticipated to grow at the fastest rate. Solid-state lighting and other energy-efficient lighting technologies have advantages for the automotive industry, such as high efficiency and long battery life. LEDs and a number of widely used peripherals are provided in module form.
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Key Players
• 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
• Semiconductor
• BRIGHT LIGHT SYSTEMS
• Applied Materials
Regional Analysis
The report gives in depth analysis of the Solid State Lighting market with specified and dominating regions and specifies the regions that are expected to grow in forecasted period. The government initiatives also boost the market growth in some regions. The research include an evaluation of regional and local market participants operating in the target market. On global basis the research evaluates the market in North America, Latin America, Europe, Asia Pacific, Africa, and the Middle East. The report delves the regional market for the discovering the regional market trends, constraints and growth potential.
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Mar 09, 2023