Need help finding what you are looking for?
Contact Us
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279822
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279822
Global Solid State Lighting Market Size study & Forecast, by Type By Installation Type By Application By Industry Vertical and Regional Analysis, 2022-2029
PUBLISHED:
PAGES:
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
Global Solid State Lighting Market is valued approximately USD 41.10 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 12.2% over the forecast period 2022-2029. Solid state lighting refers to a type of lighting technology that uses solid state electronic devices, typically light-emitting diodes, as the source of illumination, as opposed to traditional lighting technologies that rely on incandescent bulbs or gas-discharge lamps. The Solid-State Lighting market is expanding because of factors such as rising adoption of smart lighting system and growing number of smart city projects.
Solid state lighting has gained significant attention and popularity in recent years due to its many advantages, including energy efficiency, longer lifespan, compact size, and versatility in design and application. According to Statista, the global smart lighting market is projected to reach up to USD 44 billion by 2030, compared to over USD 11 billion in 2020. Furthermore, in 2020, the global smart lighting industry accounts approximately USD 11.93 billion, North America accounted for the highest part of the smart lighting industry, constituting 29% of the global market. Another important component driving space increase is the number of smart city projects. As per Statista, Global technology spending on projects related to smart cities valued USD 81 billion in 2018 and estimated to reach up to USD 189.5 billion in year 2023. In addition, the projected global income for main competitors for smart city technologies, products, and services in 2021 is estimated to be over USD 90 billion. This revenue comprises money generated by companies that offer technology and goods such as cloud computing and connection technologies which enables localities to leverage these technologies as a part of project. Also, growing consumer awareness about energy efficient LED lights and rising technological advancement in semiconductor industry would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Solid-State Lighting stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Solid State Lighting Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the rising technological advancement by key market players and increasing smart city initiatives in the region. According to the Statista, the Asia-Pacific smart lighting market was estimated to reach up to USD 9.5 billion by 2024. Furthermore, North America is expected to grow with a highest CAGR during the forecast period, owing to the rising government initiatives for adoption of energy-efficient technologies in the region in the market space.
Major market players included in this report are:
- 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
Recent Developments in the Market:
- In October 2019, Telensa, and Eaton Lighting, together collaborate to offer connected solutions for outdoor LED lighting and related smart city applications. These collaborations help in developing the implementation of integrated lighting, control, and smart city systems that are simple to deploy, massively scalable, and provide long-term value to utilities, cities, and transportation departments.
Global Solid State Lighting Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Installation Type , Application, Industry Vertical, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type
- LED
- OLED
- PLED
By Installation Type
- New Installation
- Retrofit
By Application
- Indoor Lighting
- Outdoor Lighting
- Specialty Lighting
By Industry Vertical
- Residential
- Industrial and Commercial
- Medical
- Transportation
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Solid State Lighting Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Solid State Lighting Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. Solid State Lighting Market, by Installation Type, 2019-2029 (USD Billion)
- 1.2.4. Solid State Lighting Market, by Application, 2019-2029 (USD Billion)
- 1.2.5. Solid State Lighting Market, by Industry Vertical, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Solid State Lighting Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Solid State Lighting Market Dynamics
- 3.1. Solid State Lighting Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising adoption of smart lighting system
- 3.1.1.2. Growing number of smart city projects
- 3.1.2. Market Challenges
- 3.1.2.1. Inefficiency of solid-state lighting in heat sensitive applications
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing consumer awareness about energy efficient LED lights
- 3.1.3.2. Rising technological advancement in semiconductor industry
- 3.1.1. Market Drivers
Chapter 4. Global Solid State Lighting Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Solid State Lighting Market, by Type
- 6.1. Market Snapshot
- 6.2. Global Solid State Lighting Market by Type, Performance - Potential Analysis
- 6.3. Global Solid State Lighting Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. Solid State Lighting Market, Sub Segment Analysis
- 6.4.1. LED
- 6.4.2. OLED
- 6.4.3. PLED
Chapter 7. Global Solid State Lighting Market, by Installation Type
- 7.1. Market Snapshot
- 7.2. Global Solid State Lighting Market by Installation Type, Performance - Potential Analysis
- 7.3. Global Solid State Lighting Market Estimates & Forecasts by Installation Type 2019-2029 (USD Billion)
- 7.4. Solid State Lighting Market, Sub Segment Analysis
- 7.4.1. New Installation
- 7.4.2. Retrofit
Chapter 8. Global Solid State Lighting Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Solid State Lighting Market by Application, Performance - Potential Analysis
- 8.3. Global Solid State Lighting Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 8.4. Solid State Lighting Market, Sub Segment Analysis
- 8.4.1. Indoor Lighting
- 8.4.2. Outdoor Lighting
- 8.4.3. Specialty Lighting
Chapter 9. Global Solid State Lighting Market, by Industry Vertical
- 9.1. Market Snapshot
- 9.2. Global Solid State Lighting Market by Industry Vertical, Performance - Potential Analysis
- 9.3. Global Solid State Lighting Market Estimates & Forecasts by Industry Vertical 2019-2029 (USD Billion)
- 9.4. Solid State Lighting Market, Sub Segment Analysis
- 9.4.1. Residential
- 9.4.2. Industrial and Commercial
- 9.4.3. Medical
- 9.4.4. Transportation
- 9.4.5. Others
Chapter 10. Global Solid State Lighting Market, Regional Analysis
- 10.1. Solid State Lighting Market, Regional Market Snapshot
- 10.2. North America Solid State Lighting Market
- 10.2.1. U.S. Solid State Lighting Market
- 10.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Installation Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. Industry Vertical breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Solid State Lighting Market
- 10.2.1. U.S. Solid State Lighting Market
- 10.3. Europe Solid State Lighting Market Snapshot
- 10.3.1. U.K. Solid State Lighting Market
- 10.3.2. Germany Solid State Lighting Market
- 10.3.3. France Solid State Lighting Market
- 10.3.4. Spain Solid State Lighting Market
- 10.3.5. Italy Solid State Lighting Market
- 10.3.6. Rest of Europe Solid State Lighting Market
- 10.4. Asia-Pacific Solid State Lighting Market Snapshot
- 10.4.1. China Solid State Lighting Market
- 10.4.2. India Solid State Lighting Market
- 10.4.3. Japan Solid State Lighting Market
- 10.4.4. Australia Solid State Lighting Market
- 10.4.5. South Korea Solid State Lighting Market
- 10.4.6. Rest of Asia Pacific Solid State Lighting Market
- 10.5. Latin America Solid State Lighting Market Snapshot
- 10.5.1. Brazil Solid State Lighting Market
- 10.5.2. Mexico Solid State Lighting Market
- 10.5.3. Rest of Latin America Solid State Lighting Market
- 10.6. Rest of The World Solid State Lighting Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Royal Philips Electronics N.V
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Panasonic corporation
- 11.2.3. Samsung electronics Co. Ltd.
- 11.2.4. Acuity brands lighting, Inc.
- 11.2.5. Cree, Inc.
- 11.2.6. Eaton corporation PLC
- 11.2.7. General Electric
- 11.2.8. Energy Focus, Inc.
- 11.2.9. Intematix corporation
- 11.2.10. Osram Licht AG
- 11.2.1. Royal Philips Electronics N.V
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Solid State Lighting Market, report scope
- TABLE 2. Global Solid State Lighting Market estimates & forecasts by Region 2019-2029 (USD Billion)
- TABLE 3. Global Solid State Lighting Market estimates & forecasts by Type 2019-2029 (USD Billion)
- TABLE 4. Global Solid State Lighting Market estimates & forecasts by Installation Type 2019-2029 (USD Billion)
- TABLE 5. Global Solid State Lighting Market estimates & forecasts by Application 2019-2029 (USD Billion)
- TABLE 6. Global Solid State Lighting Market estimates & forecasts by Industry Vertical 2019-2029 (USD Billion)
- TABLE 7. Global Solid State Lighting Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 8. Global Solid State Lighting Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 9. Global Solid State Lighting Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 10. Global Solid State Lighting Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 11. Global Solid State Lighting Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 12. Global Solid State Lighting Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 13. Global Solid State Lighting Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 14. Global Solid State Lighting Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 15. Global Solid State Lighting Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 16. Global Solid State Lighting Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 17. U.S. Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 18. U.S. Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 19. U.S. Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 20. Canada Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 21. Canada Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 22. Canada Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 23. UK Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 24. UK Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 25. UK Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 26. Germany Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 27. Germany Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 28. Germany Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 29. France Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 30. France Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 31. France Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 32. Italy Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 33. Italy Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 34. Italy Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 35. Spain Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 36. Spain Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 37. Spain Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 38. RoE Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 39. RoE Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 40. RoE Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 41. China Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 42. China Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 43. China Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 44. India Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 45. India Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 46. India Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 47. Japan Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 48. Japan Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 49. Japan Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 50. South Korea Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 51. South Korea Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 52. South Korea Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 53. Australia Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 54. Australia Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 55. Australia Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 56. RoAPAC Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 57. RoAPAC Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 58. RoAPAC Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 59. Brazil Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 60. Brazil Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 61. Brazil Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 62. Mexico Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 63. Mexico Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 64. Mexico Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 65. RoLA Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 66. RoLA Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 67. RoLA Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 68. Row Solid State Lighting Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 69. Row Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 70. Row Solid State Lighting Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 71. List of secondary sources, used in the study of global Solid State Lighting Market
- TABLE 72. List of primary sources, used in the study of global Solid State Lighting Market
- TABLE 73. Years considered for the study
- TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Solid State Lighting Market, research methodology
- FIG 2. Global Solid State Lighting Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Solid State Lighting Market, key trends 2021
- FIG 5. Global Solid State Lighting Market, growth prospects 2022-2029
- FIG 6. Global Solid State Lighting Market, porters 5 force model
- FIG 7. Global Solid State Lighting Market, pest analysis
- FIG 8. Global Solid State Lighting Market, value chain analysis
- FIG 9. Global Solid State Lighting Market by segment, 2019 & 2029 (USD Billion)
- FIG 10. Global Solid State Lighting Market by segment, 2019 & 2029 (USD Billion)
- FIG 11. Global Solid State Lighting Market by segment, 2019 & 2029 (USD Billion)
- FIG 12. Global Solid State Lighting Market by segment, 2019 & 2029 (USD Billion)
- FIG 13. Global Solid State Lighting Market by segment, 2019 & 2029 (USD Billion)
- FIG 14. Global Solid State Lighting Market, regional snapshot 2019 & 2029
- FIG 15. North America Solid State Lighting Market 2019 & 2029 (USD Billion)
- FIG 16. Europe Solid State Lighting Market 2019 & 2029 (USD Billion)
- FIG 17. Asia pacific Solid State Lighting Market 2019 & 2029 (USD Billion)
- FIG 18. Latin America Solid State Lighting Market 2019 & 2029 (USD Billion)
- FIG 19. Global Solid State Lighting Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final del
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.