Dublin, Dec. 14, 2020 (GLOBE NEWSWIRE) -- The "Solid State Lighting Market by Type, Installation Type, and Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global solid state lighting market was valued at $32. 65 billion in 2019 and is projected to reach $74. 25 billion by 2027, registering a CAGR of 12. 2% from 2020 to 2027. Solid state lighting depends on the conversion of electricity into visible light with the use of solid materials. It offers unprecedented high conversion efficiency of direct electricity-to-light. It is highly effective in terms of energy consumption compared to the traditional incandescent and fluorescent lighting. Moreover, solid state lighting is gaining popularity globally due to increase in demand for energy-efficient lighting systems.
Energy saving majorly drives the growth of the solid state lighting market as solid state luminaries are highly energy-efficient and cost-effective. Moreover, remarkable technical features of this type of lighting, increase in governmental initiatives to aid sustainable development, and The rise in awareness among population about effects of lighting on human health are expected to further boost the solid state lighting market growth. Furthermore, emergence of smart lighting and fostering innovations to increase efficacy of solid state luminaries offer lucrative growth opportunities. However, a lack of control compatibility and heat management issues due to small size are some of the prominent factors that hinder the growth of the solid state lighting market. Consequently, the solid state lighting market necessitates technological investments to accelerate the market growth in new applications.
The solid state lighting market is segmented by type, installation type, application, industry vertical, and region. Based on type, the market is classified into LED, OLED, and PLED. Based on installation type, it is bifurcated into new installation and retrofit. By application, it is segmented into indoor lighting, outdoor lighting, and specialty lighting. By end user, it is divided into residential, industrial and commercial, medical, transportation, and others. Region-wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market include Cree, Inc., Energy Focus Inc., General Electric Company, Nichia Corporation, Osram Licht AG, Royal Philips Electronics N. V., Samsung Electronics Co., Ltd., Seoul Semiconductor Co. Ltd., Sharp Corporation, and Toshiba Corporation.
Key Topics Covered:
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Parent/Peer Market Overview
3.3. Porter'S Five Forces Analysis
3.4. Market Evolution/ Industry Roadmap
3.5. Value Chain Analysis
3.6. Patent Analysis
3.6.1. By Region (2017-2019)
3.6.2. By Applicant
3.7. Market Dynamics
3.7.1. Drivers
3.7.1.1. Solid State Lighting Drastically Reduces Energy Consumption
3.7.1.2. Increasing Government-Sponsored Industry Consortia
3.7.1.3. Remarkable Technical Features Augment of Solid State Lighting Market
3.7.1.4. Growing Awareness of Profound Influence of Lighting on Human Health
3.7.2. Restraints
3.7.2.1. Lack of Controls Compatibility
3.7.2.2. Heat Management of Solid State Luminaries
3.7.3. Opportunity
3.7.3.1. Emergence of Smart Lighting Creates Potential Opportunities
3.7.3.2. Fostering Innovations to Increase Efficacy of Solid State Lighting
3.8. Covid Impact
3.8.1. Impact on Market Size
3.8.2. Application Trends, Preferences, and Budget Impact
3.8.3. Key Player Strategies to Tackle Negative Impact
Chapter 4: Solid State Lighting Market, by Type
4.1. Overview
4.2. Led
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.3. Oled
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
4.4. Pled
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis, by Country
Chapter 5: Solid State Lighting Market, by Installaton Type
5.1. Overview
5.2. New Installation
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. Retrofit
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country
Chapter 6: Solid State Lighting Market, by Application
6.1. Overview
6.2. Indoor Lighting
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis, by Country
6.3. Outdoor Lighting
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis, by Country
6.4. Specialty Lighting
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market Analysis, by Country
Chapter 7: Solid State Lighting Market, by Industry Vertical
7.1. Overview
7.2. Residential
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Market Analysis, by Country
7.3. Industrial and Commercial
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market Analysis, by Country
7.4. Medical
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Region
7.4.3. Market Analysis, by Country
7.5. Transportation
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Region
7.5.3. Market Analysis, by Country
7.6. Others
7.6.1. Key Market Trends, Growth Factors, and Opportunities
7.6.2. Market Size and Forecast, by Region
7.6.3. Market Analysis, by Country
Chapter 8: Solid State Lighting Market, by Region
8.1. Overview
8.2. North America
8.3. Europe
8.4. Asia-Pacific
8.5. LAMEA
Chapter 9: Competitive Landscape
9.1. Introduction
9.1.1. Market Player Positioning, 2019
9.2. Product Mapping of Top 10 Player
9.3. Competitive Dashboard
9.4. Competitive Heatmap
9.5. Key Developments
9.5.1. New Product Launches
9.5.2. Mergers and Acquisitions
9.5.3. Other Developments
Chapter 10: Company Profiles
10.1. Cree, Inc.
10.1.1. Company Overview
10.1.2. Key Executives
10.1.3. Company Snapshot
10.1.4. Operating Business Segments
10.1.5. Product Portfolio
10.1.6. R&D Expenditure
10.1.7. Business Performance
10.1.8. Key Strategic Moves and Developments
10.2. Energy Focus Inc.
10.2.1. Company Overview
10.2.2. Key Executives
10.2.3. Company Snapshot
10.2.4. Operating Business Segments
10.2.5. Product Portfolio
10.2.6. R&D Expenditure
10.2.7. Business Performance
10.2.8. Key Strategic Moves and Developments
10.3. General Electric Company
10.3.1. Company Overview
10.3.2. Key Executives
10.3.3. Company Snapshot
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. R&D Expenditure
10.3.7. Business Performance
10.3.8. Key Strategic Moves and Developments
10.4. Nichia Corporation
10.4.1. Company Overview
10.4.2. Key Executives
10.4.3. Company Snapshot
10.4.4. Operating Business Segments
10.4.5. Product Portfolio
10.4.6. R&D Expenditure
10.4.7. Business Performance
10.4.8. Key Strategic Moves and Developments
10.5. Osram Licht AG
10.5.1. Company Overview
10.5.2. Key Executives
10.5.3. Company Snapshot
10.5.4. Operating Business Segments
10.5.5. Product Portfolio
10.5.6. R&D Expenditure
10.5.7. Business Performance
10.5.8. Key Strategic Moves and Developments
10.6. Signify Holding
10.6.1. Company Overview
10.6.2. Key Executives
10.6.3. Company Snapshot
10.6.4. Operating Business Segments
10.6.5. Product Portfolio
10.6.6. R&D Expenditure
10.6.7. Business Performance
10.6.8. Key Strategic Moves and Developments
10.7. Samsung Electronics Co. Ltd
10.7.1. Company Overview
10.7.2. Key Executives
10.7.3. Company Snapshot
10.7.4. Operating Business Segments
10.7.5. Product Portfolio
10.7.6. R&D Expenditure
10.7.7. Business Performance
10.7.8. Key Strategic Moves and Developments
10.8. Seoul Semiconductor Co. Ltd.
10.8.1. Company Overview
10.8.2. Key Executives
10.8.3. Company Snapshot
10.8.4. Operating Business Segments
10.8.5. Product Portfolio
10.8.6. R&D Expenditure
10.8.7. Business Performance
10.8.8. Key Strategic Moves and Development
10.9. Sharp Corporation
10.9.1. Company Overview
10.9.2. Key Executives
10.9.3. Company Snapshot
10.9.4. Operating Business Segments
10.9.5. Product Portfolio
10.9.6. R&D Expenditure
10.9.7. Business Performance
10.9.8. Key Strategic Moves and Developments
10.10. Toshiba Cororation
10.10.1. Company Overview
10.10.2. Key Executives
10.10.3. Company Snapshot
10.10.4. Operating Business Segments
10.10.5. Product Portfolio
10.10.6. R&D Expenditure
10.10.7. Business Performance
10.10.8. Key Strategic Moves and Developments
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