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.
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.
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.
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.
Global Solid
State Lighting Market Players:
- 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.
- Tridonic Gmbh & Co. KG
About
ReportsWeb:
ReportsWeb
is a one stop shop of market research reports and solutions to various
companies across the globe. We help our clients in their decision support
system by helping them choose most relevant and cost effective research reports
and solutions from various publishers.Contact Us:
Phone: +1-646-491-9876
Email Id: sales@reportsweb.com
