HOME Top Market Reports Solid-State and Other Energy-Efficient Lighting Market by Technology (Solid-State, HID, Fluorescent), Installation Type (New & Retrofit), Offering (Hardware, Software, & Services), Application, and Geography - Global Forecast to 2022

Solid-State and Other Energy-Efficient Lighting Market by Technology (Solid-State, HID, Fluorescent), Installation Type (New & Retrofit), Offering (Hardware, Software, & Services), Application, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2017
Report Code: SE 3407

 

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The solid-state and other energy-efficient lighting market is expected to be valued at USD 174.45 Billion by 2022, growing at a CAGR of 5.38% between 2016 and 2022.

The main objectives of this study are as follows:

  • To define, describe, and forecast the global solid-state and other energy-efficient lighting market on the basis of technology, installation type, application, offering, and geography
  • To provide a detailed Porter’s analysis and market life cycle analysis, along with the technology and market roadmap for the solid-state and other energy-efficient lighting market
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

The base year considered for the study is 2015, and the forecast is provided for the period 2016–2022.

The research methodology used to estimate and forecast the solid-state and other energy-efficient lighting market begins with obtaining data on key vendor revenues. A few organizations associated with the market include IEEE Standards Association, Global Lighting Association, and Lighting Controls Association, among others. The vendor offerings have been taken into consideration to determine the market segmentation. The top-down procedure has been employed to arrive at the overall size of the market, which includes application-wise revenue generated through solid-state and other energy-efficient lighting worldwide. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

Solid-State and Other Energy-Efficient Lighting Market

To know about the assumptions considered for the study, download the pdf brochure

The solid-state and other energy-efficient lighting ecosystem comprises hardware component manufacturers, prototype designers, and original equipment manufacturers (OEMs) such as Phillips Lighting Holding B.V. (Netherlands), General Electric Company (U.S.), OSRAM Licht AG (Germany), Cree, Inc. (U.S.), Cooper Industries, Inc. (Ireland), Virtual Extension (Israel), Dialight plc (U.K.), Zumtobel Group AG (Austria), Samsung (South Korea), and Sharp Corporation (Japan).

Target Audience:

  • Raw material and equipment suppliers
  • Original equipment manufacturers (OEMs)
  • Solid-state and other energy-efficient lighting manufacturers
  • Solid-state and other energy-efficient lighting software providers
  • Display providers
  • Residential end users
  • Commercial end users
  • Industrial end users
  • Government bodies

Scope of the Report:

In this research report, the solid-state and other energy-efficient lighting market has been segmented on the basis of technology, installation type, application, offering, and geography.

Solid-State and Other Energy-Efficient Lighting Market, By Technology

  • Solid-State Lighting
  • HID Lighting
  • Fluorescent Lighting
  • Others (Plasma and Induction Lighting)

Solid-State and Other Energy-Efficient Lighting Market, By Installation Type

  • New Installation
  • Retrofit Installation

Solid-State and Other Energy-Efficient Lighting Market, By Application

  • General Lighting
  • Backlighting
  • Automotive Lighting
  • Medical Lighting
  • Others (Projector and Emergency Lighting)

Solid-State and Other Energy-Efficient Lighting Market, by Offering

  • Hardware
  • Software
  • Services

Solid-State and Other Energy-Efficient Lighting Market, by Geography

  • North America
  • Europe
  • APAC
  • RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Company Information
    • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Data From Primary Sources
           2.1.3 Secondary and Primary Research
                    2.1.3.1 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 36)
    4.1 Significant Opportunities in the Solid-State and Other Energy-Efficient Lighting Market
    4.2 Solid-State and Other Energy-Efficient Lighting Market, By Offering
    4.3 Solid-State and Other Energy-Efficient Lighting Market in APAC
    4.4 Solid-State and Other Energy-Efficient Lighting Market in 2015
    4.5 Solid-State and Other Energy-Efficient Lighting Market, By Application

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Market, By Technology
           5.2.2 Market, By Installation Type
           5.2.3 Market, By Offering
           5.2.4 Market, By Application
           5.2.5 Market, By Geography
    5.3 Recent Trends
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Greater Energy Savings Compared to Other Forms of Lighting
                    5.4.1.2 Increasing Government Initiatives
                    5.4.1.3 Increasing Use of Plasma Lights in Horticulture
                    5.4.1.4 High Efficacy and Long Life of HID Lights
                    5.4.1.5 Increasing Use of Fluorescent Lights in Limited-Space Applications Owing to Their Compact Size
                    5.4.1.6 Low Maintenance Cost of Induction Lighting
           5.4.2 Restraints
                    5.4.2.1 High Implementation and Equipment Cost
                    5.4.2.2 Less Efficient for Heat-Sensitive Applications
                    5.4.2.3 Lack of Standardization
           5.4.3 Opportunities
                    5.4.3.1 Growing Adoption of LEDs in the Automotive Industry
                    5.4.3.2 Development of Wireless Technology
           5.4.4 Challenges
                    5.4.4.1 Rapidly Rising Testing Cost
           5.4.5 Burning Issues
                    5.4.5.1 High Initial Cost of Solid-State Lighting (SSL) Products
           5.4.6 Winning Imperatives
                    5.4.6.1 Safe and Environment-Friendly Lighting Solution

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Competitive Rivalry

7 Solid-State and Other Energy-Efficient Lighting Market, By Technology (Page No. - 58)
    7.1 Introduction
    7.2 Solid-State Lighting
           7.2.1 LEDs
                    7.2.1.1 Types of LEDs
           7.2.2 Oleds and Others
    7.3 High Intensity Discharge (HID) Lighting
    7.4 Fluorescent Lighting
    7.5 Others

8 Solid-State and Other Energy-Efficient Lighting Market, By Installation Type (Page No. - 68)
    8.1 Introduction
    8.2 New Installation
    8.3 Retrofit Installation

9 Solid-State and Other Energy-Efficient Lighting Market, By Application (Page No. - 72)
    9.1 Introduction
    9.2 General Lighting
           9.2.1 Residential Lighting
           9.2.2 Commercial Lighting
           9.2.3 Industrial Lighting
           9.2.4 Outdoor Lighting
           9.2.5 Architectural Lighting
           9.2.6 Educational Lighting
    9.3 Backlighting
           9.3.1 Consumer Electronics Lighting
           9.3.2 Digital Signage Lighting
           9.3.3 Defense and Avionics Lighting
    9.4 Automotive Lighting
           9.4.1 Head Lighting
           9.4.2 Rear Lighting
           9.4.3 Interior Lighting
    9.5 Medical Lighting
           9.5.1 Surgical and Treatment Lighting
           9.5.2 General/Mounted Lighting
           9.5.3 Examination Lighting and Others
    9.6 Others

10 Solid-State and Other Energy-Efficient Lighting Market, By Offering (Page No. - 96)
     10.1 Introduction
     10.2 Hardware
             10.2.1 Lights and Bulbs
             10.2.2 Luminaires
             10.2.3 Control Systems
     10.3 Software
     10.4 Services
             10.4.1 Pre-Installation
             10.4.2 Post-Installation

11 Geographic Analysis (Page No. - 103)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
                        11.2.1.1 Building Codes Expected to Boost the Adoption of New Energy-Efficient Technologies in the Lighting Market
             11.2.2 Canada
                        11.2.2.1 Growing Adoption of Energy-Efficient Lighting Systems
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
                        11.3.1.1 High Demand for Smart Homes Driving the Solid-State and Other Energy-Efficient Lighting Market in Germany
             11.3.2 U.K.
                        11.3.2.1 Demand for Energy-Saving and Long-Lasting Lighting Systems Driving the Market in the U.K.
             11.3.3 France
             11.3.4 Rest of Europe
                        11.3.4.1 Spain
                        11.3.4.2 Italy
                        11.3.4.3 Netherlands
     11.4 APAC
             11.4.1 China
                        11.4.1.1 Increasing Government Expenditure on Public Infrastructure
             11.4.2 Japan
                        11.4.2.1 Focus on Energy Management Infrastructure
             11.4.3 South Korea
                        11.4.3.1 Government Initiatives to Establish Energy-Efficient Lighting in the Country
             11.4.4 Rest of APAC
                        11.4.4.1 India: Strong Economic Outlook Expected to Propel Growth
                        11.4.4.2 Australia
                        11.4.4.3 Taiwan
     11.5 RoW
             11.5.1 Focus on Real Estate and Urbanization in RoW

12 Competitive Landscape (Page No. - 127)
     12.1 Introduction
     12.2 Market Ranking of Players, 2015
     12.3 Competitive Situations and Trends
             12.3.1 New Product Launches and Product Developments
             12.3.2 Partnerships, Agreements, Expansions, Joint Ventures, and Collaborations
             12.3.3 Mergers and Acquisitions

13 Company Profiles (Page No. - 133)
     13.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     13.2 Osram Licht AG
     13.3 Royal Philips Electronics N.V.
     13.4 Seoul Semiconductor Co., Ltd.
     13.5 General Electric Company
     13.6 Nichia Corporation
     13.7 Aixtron Se
     13.8 Bridgelux, Inc.
     13.9 Cree, Inc.
     13.10 Acuity Brands Lighting, Inc.
     13.11 Advanced Lighting Technologies, Inc.
     13.12 Energy Focus, Inc.
     13.13 Intematix Corporation
     13.14 LED Engin, Inc.
     13.15 Toyoda Gosei Co., Ltd.
     13.16 TCP International Holdings Ltd.
     13.17 Bright Light Systems

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Key Innovators (Page No. - 168)
     14.1 Digital Lumens
             14.1.1 Business Overview
     14.2 Soraa
             14.2.1 Business Overview
     14.3 ARC Solid-State Lighting
             14.3.1 Business Overview
     14.4 Nanoleaf
             14.4.1 Business Overview

15 Appendix (Page No. - 170)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports
     15.7 Author Details


List of Tables (73 Tables)

Table 1 Solid-State and Other Energy-Efficient Lighting Market, By Technology
Table 2 Market, By Installation Type
Table 3 Market, By Offering
Table 4 Market, By Application
Table 5 Porter’s Five Forces Analysis: Competitive Rivalry Had Maximum Impact on the Overall Market
Table 6 Solid-State and Other Energy-Efficient Lighting Market, By Technology, 2013–2022 (USD Billion)
Table 7 Market for Solid-State Lighting Technology, By Region, 2013–2022 (USD Billion)
Table 8 Market for Solid-State Lighting Technology, By Type, 2013–2022 (USD Billion)
Table 9 Market for LED Lighting in General Lighting Application, 2013–2022 (USD Billion, Billion Units)
Table 10 Market for HID Lighting Technology, By Region, 2013–2022 (USD Billion)
Table 11 Market for Fluorescent Lighting Technology, By Region, 2013–2022 (USD Billion)
Table 12 Market for Other Technologies, By Region, 2013–2022 (USD Billion)
Table 13 Solid-State and Other Energy-Efficient Lighting Market, By Installation Type, 2013–2022 (USD Billion)
Table 14 Market for New Installation, By Region, 2013–2022 (USD Billion)
Table 15 Market for Retrofit Installation, By Region, 2013–2022 (USD Billion)
Table 16 Solid-State and Other Energy-Efficient Lighting Market, By Application, 2013–2022 (USD Billion)
Table 17 Market for General Lighting, By Region, 2013–2022 (USD Billion)
Table 18 Solid-State and Other Energy-Efficient Lighting Market for General Lighting, By Type, 2013–2022 (USD Billion)
Table 19 Market for Residential Lighting, By Region, 2013–2022 (USD Billion)
Table 20 Market for Commercial Lighting, By Region, 2013–2022 (USD Billion)
Table 21 Market for Industrial Lighting, By Region, 2013–2022 (USD Billion)
Table 22 Market for Outdoor Lighting, By Region, 2013–2022 (USD Billion)
Table 23 Market for Architectural Lighting, By Region, 2013–2022 (USD Billion)
Table 24 Market for Educational Lighting, By Region, 2013–2022 (USD Billion)
Table 25 Market for Backlighting, By Region, 2013–2022 (USD Billion)
Table 26 Market for Backlighting, By Type, 2013–2022 (USD Billion)
Table 27 Market for Consumer Electronics Lighting, By Region, 2013–2022 (USD Billion)
Table 28 Market for Digital Signage Lighting, By Region, 2013–2022 (USD Billion)
Table 29 Market for Defense and Avionics Lighting, By Region, 2013–2022 (USD Billion)
Table 30 Market for Automotive Lighting, By Region, 2013–2022 (USD Billion)
Table 31 Market for Automotive Lighting, By Type, 2013–2022 (USD Billion)
Table 32 Market for Head Lighting, By Region, 2013–2022 (USD Billion)
Table 33 Solid-State and Other Energy-Efficient Lighting Market for Rear Lighting, By Region, 2013–2022 (USD Billion)
Table 34 Market for Interior Lighting, By Region, 2013–2022 (USD Billion)
Table 35 Market for Medical Lighting, By Region, 2013–2022 (USD Billion)
Table 36 Market for Medical Lighting, By Type, 2013–2022 (USD Billion)
Table 37 Market for Surgical and Treatment Lighting, By Region, 2013–2022 (USD Billion)
Table 38 Market for General/Mounted Lighting, By Region, 2013–2022 (USD Billion)
Table 39 Market for Examination Lighting and Others, By Region, 2013–2022 (USD Billion)
Table 40 Solid-State and Other Energy-Efficient Lighting Market for Other Applications, By Region, 2013–2022 (USD Billion)
Table 41 Market for Other Applications, By Type, 2013–2022 (USD Billion)
Table 42 Market for Projector Lighting, By Region, 2013–2022 (USD Billion)
Table 43 Market for Emergency Lighting, By Region, 2013–2022 (USD Billion)
Table 44 Market, By Offering, 2013–2022 (USD Billion)
Table 45 Market for Hardware, By Subcomponent, 2013–2022 (USD Billion)
Table 46 Market for Hardware, By Region, 2013–2022 (USD Billion)
Table 47 Market for Software, By Region, 2013–2022 (USD Billion)
Table 48 Market for Services, By Region, 2013–2022 (USD Billion)
Table 49 Solid-State and Other Energy-Efficient Lighting Market, By Region, 2013–2022 (USD Billion)
Table 50 Market in North America, By Country, 2013–2022 (USD Billion)
Table 51 Market in North America, By Technology, 2013–2022 (USD Billion)
Table 52 Market in North America, By Offering, 2013–2022 (USD Billion)
Table 53 Market in North America, By Installation Type, 2013–2022 (USD Billion)
Table 54 Market in North America, By Application, 2013–2022 (USD Billion)
Table 55 Solid-State and Other Energy-Efficient Lighting Market in Europe, By Country, 2013–2022 (USD Billion)
Table 56 Market in Europe, By Technology, 2013–2022 (USD Billion)
Table 57 Market in Europe, By Offering, 2013–2022 (USD Billion)
Table 58 Market in Europe, By Installation Type, 2013–2022 (USD Billion)
Table 59 Market in Europe, By Application, 2013–2022 (USD Billion)
Table 60 Solid-State and Other Energy-Efficient Lighting Market in APAC, By Country, 2013–2022 (USD Billion)
Table 61 Market in APAC, By Technology, 2013–2022 (USD Billion)
Table 62 Market in APAC, By Offering, 2013–2022 (USD Billion)
Table 63 Market in APAC, By Installation Type, 2013–2022 (USD Billion)
Table 64 Market in APAC, By Application, 2013–2022 (USD Billion)
Table 65 Solid-State and Other Energy-Efficient Lighting Market in RoW, By Region, 2013–2022 (USD Billion)
Table 66 Market in RoW, By Technology, 2013–2022 (USD Billion)
Table 67 Market in RoW, By Offering, 2013–2022 (USD Billion)
Table 68 Market in RoW, By Installation Type, 2013–2022 (USD Billion)
Table 69 Market in RoW, By Application, 2013–2022 (USD Billion)
Table 70 Ranking of the Top 5 Players in the Solid-State and Other Energy-Efficient Lighting Market, 2015
Table 71 New Product Launches, 2015–2016
Table 72 Partnerships, Agreements, Expansions, Joint Ventures, and Collaborations, 2015–2016
Table 73 Mergers and Acquisitions, 2015


List of Figures (73 Figures)

Figure 1 Solid-State and Other Energy-Efficient Lighting Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Growth of the Market, 2013–2022
Figure 7 Solid-State Lighting Technology Expected to Hold the Largest Size of the Overall Market During the Forecast Period
Figure 8 New Installation Expected to Hold the Largest Size of the Solid-State Lighting Technology Market During the Forecast Period
Figure 9 Market for Automotive Lighting Expected to Grow at the Highest Rate During the Forecast Period
Figure 10 Market for Services Expected to Grow at the Highest Rate During the Forecast Period
Figure 11 APAC Held the Largest Share of the Market in 2015
Figure 12 Adoption of Solid-State and Other Energy-Efficient Lighting Expected to Increase in RoW Between 2016 and 2022
Figure 13 Market for Services Expected to Grow at the Highest Rate During the Forecast Period
Figure 14 General Lighting Held the Largest Share of the Solid-State and Other Energy-Efficient Lighting Market in APAC in 2015
Figure 15 China Dominated the Solid-State and Other Energy-Efficient Lighting Market in 2015
Figure 16 Market for Automotive Lighting Expected to Grow at the Highest Rate During the Forecast Period
Figure 17 Market Segmentation
Figure 18 Market, By Geography
Figure 19 Increasing Government Initiatives Expected to Drive the Solid-State and Other Energy-Efficient Lighting Market
Figure 20 Value Chain Analysis: Major Value Added During Manufacturing and Distribution Phases
Figure 21 Porter’s Five Forces Analysis
Figure 22 Market: Porter’s Five Forces Analysis
Figure 23 Threat of New Entrants is Estimated to Be Moderate in 2015
Figure 24 Threat of Substitutes is Estimated to Be Moderate in 2015
Figure 25 Bargaining Power of Suppliers is Estimated to Be Moderate in 2015
Figure 26 Bargaining Power of Buyers is Estimated to Be High in 2015
Figure 27 Competitive Rivalry is Estimated to Be High in 2015
Figure 28 Market, By Technology
Figure 29 Solid-State Lighting Technology Expected to Dominate the Overall Market During the Forecast Period
Figure 30 Market for Solid-State Lighting Technology in RoW Expected to Grow at the Highest Rate During the Forecast Period
Figure 31 APAC Expected to Hold the Largest Share of the Market for Fluorescent Lighting Technology During the Forecast Period
Figure 32 Market, By Installation Type
Figure 33 New Installation Expected to Hold the Largest Share of the Solid-State and Other Energy-Efficient Lighting Market During the Forecast Period
Figure 34 Solid-State and Other Energy-Efficient Lighting Market, By Application
Figure 35 General Lighting Expected to Dominate the Market During the Forecast Period
Figure 36 General Lighting
Figure 37 APAC Expected to Hold the Largest Share of the Market for General Lighting During the Forecast Period
Figure 38 APAC Expected to Hold the Largest Share of the Solid-State and Other Energy-Efficient Lighting Market for Outdoor Lighting During the Forecast Period
Figure 39 Market for Defense and Avionics Lighting Expected to Grow at the Highest Rate During the Forecast Period
Figure 40 Market for Automotive Lighting in RoW Expected to Grow at the Highest Rate During the Forecast Period
Figure 41 APAC Expected to Lead the Market for Medical Lighting During the Forecast Period
Figure 42 Market, By Offering
Figure 43 Market for Services Expected to Grow at the Highest Rate During the Forecast Period
Figure 44 Luminaires Expected to Dominate the Solid-State and Other Energy-Efficient Lighting Market During the Forecast Period
Figure 45 Solid-State and Other Energy-Efficient Lighting Market, By Region
Figure 46 Geographic Snapshot of the Market
Figure 47 Solid-State and Other Energy-Efficient Lighting Market in North America
Figure 48 Snapshot of the Market in North America
Figure 49 Solid-State and Other Energy-Efficient Lighting Market in Europe
Figure 50 Snapshot of the Market in Europe
Figure 51 Solid-State and Other Energy-Efficient Lighting Market in APAC
Figure 52 Snapshot of the Market in APAC
Figure 53 Solid-State and Other Energy-Efficient Lighting Market in RoW
Figure 54 Snapshot of the Market in RoW
Figure 55 Companies Adopted New Product Launches as the Key Growth Strategy
Figure 56 Market Evaluation Framework: New Product Launches and Product Developments Fueled Growth and Innovation Between 2014 and 2016
Figure 57 Battle for Market Share: New Product Launches and Product Developments Were the Key Strategies Adopted Between 2013 and 2016
Figure 58 Geographic Revenue Mix of Major Companies
Figure 59 Osram Licht AG: Company Snapshot
Figure 60 Osram Licht AG: SWOT Analysis
Figure 61 Royal Philips Electronics N.V.: Company Snapshot
Figure 62 Royal Philips Electronics N.V.: SWOT Analysis
Figure 63 Seoul Semiconductor Co., Ltd.: Company Snapshot
Figure 64 Seoul Semiconductor Co., Ltd.: SWOT Analysis
Figure 65 General Electric Company: Company Snapshot
Figure 66 General Electric Company: SWOT Analysis
Figure 67 Nichia Corporation: SWOT Analysis
Figure 68 Aixtron Se: Company Snapshot
Figure 69 Cree, Inc.: Company Snapshot
Figure 70 Acuity Brands Lighting, Inc.: Company Snapshot
Figure 71 Energy Focus, Inc.: Company Snapshot
Figure 72 Toyoda Gosei Co., Ltd.: Company Snapshot
Figure 73 TCP International Holdings Ltd.: Company Snapshot

The solid-state and other energy-efficient lighting market based on region was valued at USD 118.29 Billion in 2015 and is expected to reach USD 174.45 Billion by 2022, growing at a CAGR of 5.38% between 2016 and 2022. The demand for solid-state and other energy-efficient lighting is increasing because of several factors such as rising demand for environment-friendly lighting technologies, reduction in the overall maintenance costs of solid-state and other energy-efficient lighting products, and increased infrastructure growth in various developing countries such as India, China, and South Korea.

The report covers the solid-state and other energy-efficient lighting market segmented on the basis of technology, installation type, application, offering, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges. It also profiles the key players operating in the solid-state and other energy-efficient lighting market.

On the basis of offering, the solid-state and other energy-efficient lighting market has been segmented into hardware, software, and services. The market for services is expected to grow at the highest CAGR during the forecast period. Growing urbanization and expansion of cities are the major reasons for the growth of services in the market.

In terms of application, the general lighting segment held the largest share of the market in 2015, while the market for automotive lighting is expected to grow at the highest rate during the forecast period. Solid-state and other energy-efficient lighting technology is providing benefits such as high efficiency and long battery life to automotive manufacturers. Owing to these benefits, the automotive sector is largely adopting this technology for use in vehicles.

Solid-State and Other Energy-Efficient Lighting Market

The market is majorly dominated by the APAC region; however, the market in RoW is expected to grow at the highest rate during the forecast period. The increasing adoption of solid-state and other energy-efficient lighting in indoor and outdoor lighting in developing countries such as India and China is driving the growth of the market in APAC. Increasing infrastructure development in South America, and Middle East & Africa is one of the major drivers responsible for the growth of the solid-state and other energy-efficient lighting market in RoW.

Some of the key players operating in the overall solid-state and other energy-efficient lighting market are OSRAM Licht AG (Germany), Royal Philips Electronics N.V. (Netherlands), Seoul Semiconductor Co., Ltd. (South Korea), General Electric Company (U.S.), Nichia Corporation (Japan), AIXTRON SE (Germany), Applied Materials, Inc. (U.S.), Applied Science and Technology Research Institute Company Limited (Hong Kong), Bridgelux, Inc. (U.S.), Cree, Inc. (U.S.), Acuity Brands, Inc. (U.S.), Advanced Lighting Technologies, Inc. (U.S.), Energy Focus, Inc. (U.S.), Intematix Corporation (U.S.), LED Engin, Inc. (U.S.), Toyoda Gosei Co., Ltd. (Japan), TCP International Holdings Ltd. (Switzerland), Topanga Technologies, Inc. (U.S.), Ceravision Ltd (U.K.), and Bright Light Systems, Inc. (Georgia).

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