Solid State Lighting Market to 2025 trend, analysis and forecast- The Insight Partne

The “Solid State Lighting (SSL) Market to 2025 - Global Analysis and Forecasts by Technology, Applications, Installation Type and End-user Industry Vertical” report provides a detailed overview of the major factors impacting the global market with the market share analysis and revenues of various sub segments.

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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.

Some of the key points covered in the report:

·         Solid State Lighting (SSL) Market Landscape

·         Solid State Lighting (SSL) Market – Key Industry Dynamics

·         Solid State Lighting (SSL) Market – Five Forces Analysis

·         Solid State Lighting (SSL) Market Analysis

·         Solid State Lighting (SSL) Market Revenue and Forecasts to 2025 – Technology

·         Solid State Lighting (SSL) Market Revenue and Forecasts to 2025 – Installation Type

·         Solid State Lighting (SSL) Market Revenue and Forecasts to 2025 – Applications

·         Solid State Lighting (SSL) Market Revenue and Forecasts to 2025 – End-user Industry Vertical

·         Solid State Lighting (SSL) Market Revenue and Forecasts to 2025 – Geographical Analysis

·         Solid State Lighting (SSL) Market, Key Company Profiles

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