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Solid State Lighting Market by Type (Light Emitting Diodes (LED), Organic Light Emitting Diodes (OLED), and Polymer Light Emitting Diodes (PLED)), Installation Type (New Installation and Retrofit), and Application (Indoor Lighting, Outdoor Lighting, and Specialty Lighting), and Industry Vertical (Residential, Industrial and Commercial, Medical, Transportation, Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A02231
Pages: 252
Sep 2020 | 3435 Views
 
Author(s) : Ruchal Humbare , Vineet Kumar
Tables: 136
Charts: 94
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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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 devices comprise semiconductors that convert electricity into light. A solid state lighting device generates visible light through electroluminescence, a phenomenon wherein a specially formulated semiconductor diode glows on passing electric current through it. Solid state lighting is used in a wide range of applications due to various benefits offered by it such as long life, better quality of light output, intrinsically safe, small size, and high durability. Therefore, these factors are anticipated to boost the solid state lighting market during the forecast period. 

The emergence of COVID-19 pandemic has significantly impacted the demand from transportation industry.

The solid state lighting market is expected to witness growth during the forecast period due to drastic reduction in energy consumption with the use of solid state lighting. The market is expected to be driven by increase in awareness among population on the profound influence of lighting on human health. The ongoing development of solid state lighting offers remarkable technical features, which are estimated to revolutionize the solid state lighting industry. Increase in government-sponsored industry consortia further accelerates the industry growth. Therefore, attributed to these factors, the solid state lighting market is expected to experience steep growth in the near future.

Solid-State-Lighting-Market-2020-2027

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Increase in governmental initiatives, growth in industrialization, and surge in disposable income are the some of the other drivers for the solid state lighting market growth. However, lack of control compatibility and heat management issue due to small size of solid state luminaries act as challenges, which obstruct the market growth in certain applications. Furthermore, emergence of smart lighting and fostering innovations to increase efficacy of lighting provide lucrative opportunities for the solid state lighting market. 

The COVID-19 pandemic significantly impacted the global economies, resulting in supply chain & production disruptions and reduced demand from various sectors. The solid state lighting market witnessed dip in its growth rate, owing to delayed construction projects, which led to a substantial impact. However, the market is anticipated to gain momentum by the end of 2021. 

Solid State Lighting Market
By Type

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LED segment is projected as one of the most lucrative segments.

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The global solid state lighting market is analyzed by type, installation type, application, industry vertical, and region. Based on type, it is fragmented into LED, OLED, and PLED. The LED segment dominated the market in terms of revenue in 2019 and is expected to follow the same trend during the forecast period. On the basis of installation type, the market is segregated into new installation and retrofit. The retrofit segment accounted for the highest market share in 2019 and is estimated to follow the same trend during the forecast period. By application, the market is divided into indoor lighting, outdoor lighting, and specialty lighting. Indoor lighting accounted for the highest market share in 2019 and is expected to retain its dominant position during the forecast period. By industry vertical, the market is classified into residential, industrial and commercial, medical, transportation, and others. The global solid state lighting market is dominated by the industrial and commercial segment in terms of value. 

Region-wise, the global solid state lighting market 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). Asia-Pacific accounted for the highest share in 2019, owing to the presence of significant number of leading market players and increase in demand from various sectors for energy-efficient lighting. Leading market players from this region make considerable investments in line with diverse applications of solid state lighting. Europe was the second largest contributor in terms of revenue in 2019, and is expected to witness significant growth during the forecast period, owing to changing stringent regulations for use of energy-efficient lighting. 

Solid State Lighting Market
By Application

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Indoor Lighting segment is expected to secure leading position during forecast period.

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Top impacting factors

The significant impacting factors in the solid state lighting market include high demand for energy-efficient & cost-effective lighting system, considerable amount of investments from key market players, rise in health-conscious population, and increase in government-sponsored initiatives. However, slow technological development of solid state luminaries is expected to hinder the market growth. Moreover, emergence of smart lighting is projected to offer remunerative opportunities to the solid state lighting market. Therefore, these factors are anticipated to have a definite impact on the market during the forecast period.

Competition analysis

Competitive analysis and profiles of the major solid state lighting market players, such as 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, are provided in this report. 

Solid State Lighting Market
By Geography

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region would exhibit the highest CAGR of 12.9% during 2020-2027

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Key benefits for stakeholders

  • This study comprises analytical depiction of the global solid state lighting market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall solid state lighting market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current forecast of the solid state lighting market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the solid state lighting market.
  • The report includes the revenue share of key vendors and market trends.

Key market segments

By Type

  • Light Emitting Diodes (LED)
  • Organic Light Emitting Diodes (OLED)
  • Polymer Light Emitting Diodes (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
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China 
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key players

  • 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
  • Toshiba Corporation
 

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

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by type
8.2.3.Market size and forecast, by installation type
8.2.4.Market size and forecast, by application
8.2.5.Market size and forecast, by industry vertical
8.2.6.Market analysis, by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by type
8.2.6.1.2.Market size and forecast, by installation type
8.2.6.1.3.Market size and forecast, by Application
8.2.6.1.4.Market size and forecast, by industry vertical

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by type
8.2.6.2.2.Market size and forecast, by installation type
8.2.6.2.3.Market size and forecast, by application
8.2.6.2.4.Market size and forecast, by industry vertical

8.2.6.3.Mexico

8.2.6.3.1.Market size and forecast, by type
8.2.6.3.2.Market size and forecast, by installation type
8.2.6.3.3.Market size and forecast, by application
8.2.6.3.4.Market size and forecast, by industry vertical

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by type
8.3.3.Market size and forecast, by installation type
8.3.4.Market size and forecast, by application
8.3.5.Market size and forecast, by industry vertical
8.3.6.Market analysis, by country

8.3.6.1.UK

8.3.6.1.1.Market size and forecast, by type
8.3.6.1.2.Market size and forecast, by installation type
8.3.6.1.3.Market size and forecast, by Application
8.3.6.1.4.Market size and forecast, by industry vertical

8.3.6.2.Germany

8.3.6.2.1.Market size and forecast, by type
8.3.6.2.2.Market size and forecast, by installation type
8.3.6.2.3.Market size and forecast, by Application
8.3.6.2.4.Market size and forecast, by industry vertical

8.3.6.3.France

8.3.6.3.1.Market size and forecast, by type
8.3.6.3.2.Market size and forecast, by installation type
8.3.6.3.3.Market size and forecast, by application
8.3.6.3.4.Market size and forecast, by industry vertical

8.3.6.4.Italy

8.3.6.4.1.Market size and forecast, by type
8.3.6.4.2.Market size and forecast, by installation type
8.3.6.4.3.Market size and forecast, by application
8.3.6.4.4.Market size and forecast, by industry vertical

8.3.6.5.Rest of Europe

8.3.6.5.1.Market size and forecast, by type
8.3.6.5.2.Market size and forecast, by installation type
8.3.6.5.3.Market size and forecast, by Application
8.3.6.5.4.Market size and forecast, by industry vertical

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by type
8.4.3.Market size and forecast, by installation type
8.4.4.Market size and forecast, by application
8.4.5.Market size and forecast, by industry vertical
8.4.6.Market analysis, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by type
8.4.6.1.2.Market size and forecast, by installation type
8.4.6.1.3.Market size and forecast, by application
8.4.6.1.4.Market size and forecast, by industry vertical

8.4.6.2.Japan

8.4.6.2.1.Market size and forecast, by type
8.4.6.2.2.Market size and forecast, by installation type
8.4.6.2.3.Market size and forecast, by application
8.4.6.2.4.Market size and forecast, by industry vertical

8.4.6.3.India

8.4.6.3.1.Market size and forecast, by type
8.4.6.3.2.Market size and forecast, by installation type
8.4.6.3.3.Market size and forecast, by application
8.4.6.3.4.Market size and forecast, by industry vertical

8.4.6.4.Rest of Asia-Pacific

8.4.6.4.1.Market size and forecast, by type
8.4.6.4.2.Market size and forecast, by installation type
8.4.6.4.3.Market size and forecast, by Application
8.4.6.4.4.Market size and forecast, by industry vertical

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by type
8.5.3.Market size and forecast, by installation type
8.5.4.Market size and forecast, by application
8.5.5.Market size and forecast, by industry vertical
8.5.6.Market analysis, by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by type
8.5.6.1.2.Market size and forecast, by installation type
8.5.6.1.3.Market size and forecast, by application
8.5.6.1.4.Market size and forecast, by industry vertical

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by type
8.5.6.2.2.Market size and forecast, by installation type
8.5.6.2.3.Market size and forecast, by application
8.5.6.2.4.Market size and forecast, by industry vertical

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by type
8.5.6.3.2.Market size and forecast, by installation type
8.5.6.3.3.Market size and forecast, by application
8.5.6.3.4.Market size and forecast, by industry vertical

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 

LIST OF TABLES

TABLE 01.LED SOLID STATE LIGHTING MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 02.OLED SOLID STATE LIGHTING MARKET, BY REGION 2019-2027 ($MILLION)
TABLE 03.PLED SOLID STATE LIGHTING MARKET, BY REGION 2019-2027 ($MILLION)
TABLE 04.GLOBAL SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019-2027($MILLION)
TABLE 05.SOLID STATE LIGHTING MARKET FOR NEW INSTALLATION, BY REGION 2019-2027 ($MILLION)
TABLE 06.SOLID STATE LIGHTING MARKET FOR RETROFIT, BY REGION 2019-2027 ($MILLION)
TABLE 07.GLOBAL SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019-2027($MILLION)
TABLE 08.SOLID STATE LIGHTING MARKET FOR INDOOR LIGHTING, BY REGION 2019-2027 ($MILLION)
TABLE 09.SOLID STATE LIGHTING MARKET FOR OUTDOOR LIGHTING, BY REGION 2019-2027 ($MILLION)
TABLE 10.SOLID STATE LIGHTING MARKET FOR SPECIALTY LIGHTING, BY REGION 2019-2027 ($MILLION)
TABLE 11.GLOBAL SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019-2027($MILLION)
TABLE 12.SOLID STATE LIGHTING MARKET FOR RESIDENTIAL, BY REGION 2019-2027 ($MILLION)
TABLE 13.SOLID STATE LIGHTING MARKET FOR INDUSTRIAL AND COMMERCIAL, BY REGION 2019-2027 ($MILLION)
TABLE 14.SOLID STATE LIGHTING MARKET FOR MEDICAL, BY REGION 2019-2027 ($MILLION)
TABLE 15.SOLID STATE LIGHTING MARKET FOR TRANSPORTATION, BY REGION 2019-2027 ($MILLION)
TABLE 16.SOLID STATE LIGHTING MARKET FOR OTHERS, BY REGION 2019-2027 ($MILLION)
TABLE 17.SOLID STATE LIGHTING MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
TABLE 18.NORTH AMERICA SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 19.NORTH AMERICA SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 20.NORTH AMERICA SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 21.NORTH AMERICA SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 22.U.S. SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 23.U.S. SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 24.U.S. SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 25.U.S. SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 26.CANADA SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 27.CANADA SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 28.CANADA SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 29.CANADA SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 30.MEXICO SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 31.MEXICO SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 32.MEXICO SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 33.MEXICO SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 34.EUROPE SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 35.EUROPE SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 36.EUROPE SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 37.EUROPE SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 38.UK SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 39.UK SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 40.UK SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 41.UK SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 42.GERMANY SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 43.GERMANY SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 44.GERMANY SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 45.GERMANY SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 46.FRANCE SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 47.FRANCE SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 48.FRANCE SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 49.FRANCE SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 50.ITALY SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 51.ITALY SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 52.ITALY SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 53.ITALY SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 54.REST OF EUROPE SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 55.REST OF EUROPE SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 56.REST OF EUROPE SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 57.REST OF EUROPE SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 58.ASIA-PACIFIC SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 59.ASIA-PACIFIC SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 60.ASIA-PACIFIC SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 61.ASIA-PACIFIC SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 62.CHINA SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 63.CHINA SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 64.CHINA SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 65.CHINA SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 66.JAPAN SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 67.JAPAN SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 68.JAPAN SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 69.JAPAN SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 70.INDIA SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 71.INDIA SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 72.INDIA SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 73.INDIA SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 74.REST OF ASIA-PACIFIC SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 75.REST OF ASIA-PACIFIC SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 76.REST OF ASIA-PACIFIC SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 77.REST OF ASIA-PACIFIC SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 78.LAMEA SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 79.LAMEA SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 80.LAMEA SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 81.LAMEA SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 82.LATIN AMERICA SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 83.LATIN AMERICA SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 84.LATIN AMERICA SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 85.LATIN AMERICA SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 86.MIDDLE EAST SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 87.MIDDLE EAST SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 88.MIDDLE EAST SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 89.MIDDLE EAST SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 90.AFRICA SOLID STATE LIGHTING MARKET, BY TYPE, 2019–2027 ($MILLION)
TABLE 91.AFRICA SOLID STATE LIGHTING MARKET, BY INSTALLATION TYPE, 2019–2027 ($MILLION)
TABLE 92.AFRICA SOLID STATE LIGHTING MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 93.AFRICA SOLID STATE LIGHTING MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 94.KEY NEW PRODUCT LAUNCHES (2017-2019)
TABLE 95.KEY EXPANSIONS (2017-2019)
TABLE 96.OTHER DEVELOPMENTS (2017 – 2019)
TABLE 97.KEY EXECUTIVES
TABLE 98.CREE, INC.: COMPANY SNAPSHOT
TABLE 99.CREE, INC.: OPERATING SEGMENTS
TABLE 100.CREE, INC.: PRODUCT PORTFOLIO
TABLE 101.KEY EXECUTIVES
TABLE 102.ENERGY FOCUS INC.: COMPANY SNAPSHOT
TABLE 103.ENERGY FOCUS INC.: OPERATING SEGMENTS
TABLE 104.ENERGY FOCUS INC.: PRODUCT PORTFOLIO
TABLE 105.KEY EXECUTIVES
TABLE 106.GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 107.GENERAL ELECTRIC: OPERATING SEGMENTS
TABLE 108.GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 109.KEY EXECUTIVES
TABLE 110.NICHIA CORPORATION: COMPANY SNAPSHOT
TABLE 111.NICHIA CORPORATION: OPERATING SEGMENTS
TABLE 112.NICHIA CORPORATION: PRODUCT PORTFOLIO
TABLE 113.KEY EXECUTIVES
TABLE 114.OSRAM LICHT AG: COMPANY SNAPSHOT
TABLE 115.OSRAM LICHT AG: OPERATING SEGMENTS
TABLE 116.OSRAM LICHT AG: PRODUCT PORTFOLIO
TABLE 117.KEY EXECUTIVES
TABLE 118.SIGNIFY HOLDING: COMPANY SNAPSHOT
TABLE 119.SIGNIFY HOLDING: OPERATING SEGMENTS
TABLE 120.SIGNIFY HOLDING: PRODUCT PORTFOLIO
TABLE 121.KEY EXECUTIVES
TABLE 122.SAMSUNG ELECTRONICS CO. LTD.: COMPANY SNAPSHOT
TABLE 123.SAMSUNG ELECTRONIC CO. LTD.: OPERATING SEGMENTS
TABLE 124.SAMSUNG ELECTRONIC CO. LTD.: PRODUCT PORTFOLIO
TABLE 125.KEY EXECUTIVES
TABLE 126.SEOUL SEMICONDUCTOR CO. LTD.: COMPANY SNAPSHOT
TABLE 127.SEOUL SEMICONDUCTOR CO. LTD.: OPERATING SEGMENTS
TABLE 128.SEOUL SEMICONDUCTOR CO. LTD.: PRODUCT PORTFOLIO
TABLE 129.KEY EXECUTIVES
TABLE 130.SHARP CORPORATION: COMPANY SNAPSHOT
TABLE 131.SHARP CORPORATION: OPERATING SEGMENTS
TABLE 132.SHARP CORPORATION: PRODUCT PORTFOLIO
TABLE 133.KEY EXECUTIVES
TABLE 134.TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 135.TOSHIBA CORPORATION: OPERATING SEGMENTS
TABLE 136.TOSHIBA CORPORATION: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENTATION
FIGURE 03.EXECUTIVE SUMMARY, BY REGION
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE TO HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.LOW THREAT OF NEW ENTRANTS
FIGURE 08.LOW THREAT OF SUBSTITUTES
FIGURE 09.MODERATE INTENSITY OF RIVALRY
FIGURE 10.MODERATE BARGAINING POWER OF BUYERS
FIGURE 11.PATENT ANALYSIS, BY COUNTRY
FIGURE 12.PATENT ANALYSIS, BY APPLICANT
FIGURE 13.GLOBAL SOLID STATE LIGHTING MARKET SHARE, BY TYPE, 2019–2027 (%)
FIGURE 14.GLOBAL SOLID STATE LIGHTING MARKET, BY TYPE, 2019-2027 ($MILLION)
FIGURE 15.COMPARATIVE SHARE ANALYSIS LED SOLID STATE LIGHTING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OLED SOLID STATE LIGHTING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS PLED SOLID STATE LIGHTING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 18.GLOBAL SOLID STATE LIGHTING MARKET SHARE, BY INSTALLATION TYPE, 2019–2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF SOLID STATE LIGHTING MARKET FOR NEW INSTALLATION, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF SOLID STATE LIGHTING MARKET FOR RETROFIT, BY COUNTRY, 2019 & 2027 (%)
FIGURE 21.GLOBAL SOLID STATE LIGHTING MARKET SHARE, BY APPLICATION, 2019–2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF SOLID STATE LIGHTING MARKET FOR INDOOR LIGHTING, BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF SOLID STATE LIGHTING MARKET FOR OUTDOOR LIGHTING, BY COUNTRY, 2019 & 2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF SOLID STATE LIGHTING MARKET FOR SPECIALTY LIGHTING, BY COUNTRY, 2019 & 2027 (%)
FIGURE 25.GLOBAL SOLID STATE LIGHTING MARKET SHARE, BY INDUSTRY VERTICAL, 2019–2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF SOLID STATE LIGHTING MARKET FOR RESIDENTIAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF SOLID STATE LIGHTING MARKET FOR INDUSTRIAL AND COMMERCIAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF SOLID STATE LIGHTING MARKET FOR MEDICAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF SOLID STATE LIGHTING MARKET FOR TRANSPORTATION, BY COUNTRY, 2019 & 2027 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF SOLID STATE LIGHTING MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 31.SOLID STATE LIGHTING MARKET, BY REGION, 2019-2027 (%)
FIGURE 32.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA SOLID STATE LIGHTING MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 33.U.S. SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 34.CANADA SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 35.MEXICO SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 36.COMPARATIVE SHARE ANALYSIS OF EUROPE SOLID STATE LIGHTING MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 37.UK SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 38.GERMANY SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 39.FRANCE SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 40.ITALY SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 41.REST OF EUROPE SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 42.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC SOLID STATE LIGHTING MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 43.CHINA SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 44.JAPAN SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 45.INDIA SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 46.REST OF ASIA-PACIFIC SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 47.COMPARATIVE SHARE ANALYSIS OF LAMEA SOLID STATE LIGHTING MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 48.LATIN AMERICA SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 49.MIDDLE EAST SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 50.AFRICA SOLID STATE LIGHTING MARKET, 2019–2027 ($MILLION)
FIGURE 51.MARKET PLAYER POSITIONING, 2019
FIGURE 52.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 53.COMPETITIVE DASHBOARD
FIGURE 54.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 55.CREE, INC., 2018–2020 ($MILLION)
FIGURE 56.CREE, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 57.CREE, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 58.CREE, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 59.ENERGY FOCUS INC., 2017–2019 ($MILLION)
FIGURE 60.ENERGY FOCUS INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 61.ENERGY FOCUS INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 62.ENERGY FOCUS INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 63.GENERAL ELECTRIC, 2017–2019 ($MILLION)
FIGURE 64.GENERAL ELECTRIC: REVENUE, 2017–2019 ($MILLION)
FIGURE 65.GENERAL ELECTRIC: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 66.GENERAL ELECTRIC: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 67.NICHIA CORPORATION, 2017–2019 ($MILLION)
FIGURE 68.NICHIA CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 69.NICHIA CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 70.NICHIA CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 71.OSRAM LICHT AG, 2017–2019 ($MILLION)
FIGURE 72.OSRAM LICHT AG: REVENUE, 2017–2019 ($MILLION)
FIGURE 73.OSRAM LICHT AG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 74.OSRAM LICHT AG: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 75.SIGNIFY HOLDING, 2017–2019 ($MILLION)
FIGURE 76.SIGNIFY HOLDING: REVENUE, 2017–2019 ($MILLION)
FIGURE 77.SIGNIFY HOLDING: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 78.SIGNIFY HOLDING: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 79.SAMSUNG ELECTRONIC CO. LTD., 2017–2019 ($MILLION)
FIGURE 80.SAMSUNG ELECTRONIC CO. LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 81.SAMSUNG ELECTRONIC CO. LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 82.SAMSUNG ELECTRONIC CO. LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 83.SEOUL SEMICONDUCTOR CO. LTD., 2017–2019 ($MILLION)
FIGURE 84.SEOUL SEMICONDUCTOR CO. LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 85.SEOUL SEMICONDUCTOR CO. LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 86.SEOUL SEMICONDUCTOR CO. LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 87.SHARP CORPORATION, 2017–2019 ($MILLION)
FIGURE 88.SHARP CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 89.SHARP CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 90.SHARP CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 91.TOSHIBA CORPORATION, 2017–2019 ($MILLION)
FIGURE 92.TOSHIBA CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 93.TOSHIBA CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 94.TOSHIBA CORPORATION: REVENUE SHARE BY REGION, 2019 (%)

 
 

Solid state lighting defines a new era of lighting technologies. The solid state lighting industry witnesses emergence of many young professionals working in the leading edge of solid state lighting supply chain along with the presence of leading players of lighting technologies. These leaders revolutionize the solid state lighting market through innovations, product marketing, lighting design, and engineering. Therefore, the solid state lighting market is estimated to gain popularity during the forecast period.

According to Stephan Buurma, a board member of Messe Frankfurt Group, “There is increase in LED lighting as a result of government policy and a shift by the public and private sectors toward energy saving.” He also said that due to continuous penetration of the internet across the globe, future lighting products must be integrated with the internet, making it an essential trend for smart homes.

Full spectrum LED, a new technology in the LED segment, is anticipated to emerge in the coming years. According to a study by the Fraunhofer Institute for Building Physics (IBP) in Stuttgart, Germany on the visual impact and perceptual performance of LED lighting, full spectrum LED products outperform conventional LED lighting solutions. In line to the above study, Dr. Ulf Meiners, Managing Director at Nichia Germany, stated that there is a need for more research on the impact of full spectrum LEDs on people’s perception. Nichia Corporation focuses to develop a range of full spectrum LED products in the coming years. Therefore, the solid state lighting market is expected to advance in terms of technologies, paving a way for the development of new products during the forecast period. .

Moreover, Pakwan Jiamjiroj, General Manager of Exhibiz Co Ltd. stated that entrepreneurs and manufacturers of lighting products need to adapt their operations to the new era mobilized by digital technology. Their business strategy must emphasize to develop products that can comply with the fast-changing technology for the future with energy savings and ease of use & maintenance.

Various leading manufacturers, such as 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, occupy a prominent revenue share in the solid state lighting market. The key market players are anticipated to face cutting-edge competition in terms of technologies and products. Considering the various makeshifts in the lighting industry, the solid state lighting market is projected to witness growth exponentially.

 
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