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Key players in Solid-State Lighting & Fluorescent Lighting Market focus on Technological Growth
Lighting technologies have been used to supplement and complement natural light in various applications. The most basic purpose of lighting technologies is providing ambient light, which makes general lighting their biggest application. The lighting technologies market was initially dominated by conventional lighting technologies such as incandescent lamps and halogen lamps, and later by the energy-efficient fluorescent lighting (FL) technologies. Solid-state lighting is an emerging technology which is more energy-efficient than the other technologies, environment friendly, has longer operational life, and produces better light output. This technology is expected to be the future of global lighting.
The SSL technology was first used in signage, traffic signals, and architectural lighting applications. General lighting is an emerging field for SSL and has a significant market potential across all major markets. SSL technologies such as LED and OLED have high luminous efficacy and they give a sense of natural light to the surroundings. Although LED lamps are presently very expensive, their operational life of nearly 50,000 hours makes them extremely cost effective. Moreover, the increasing demand from the market and advancements in semiconductors will help bring down the costs of LED lamps. The U.S. Department of Energy (DOE) and the European Union have initiated awareness campaigns in their respective countries to increase the adoption of SSL technologies in general lighting. In APAC, the adoption of SSL technologies is high in Japan and increasing at a high rate in other countries such as China, Korea, and India. The Middle East is also expected to be a promising market for SSL technologies. Thus, the general lighting application for SSL is expected to have significant market opportunities in the coming years.
The SSL technology based automotive lighting is another application that is expected to witness high growth in the coming years. The use of LEDs for daytime running lights (DRL) has become common across many countries. Now, LEDs are being preferred in automotive headlamps over halogen lamps as they produce improved illumination which increases safety. Moreover, the European Union has proposed a ban on halogen lamps from 2018, and other regions are likely to do the same in the future. Therefore, the automotive sector is expected to switch to the SSL technology for all lighting purposes including headlamps, tail lamps, and cabin lighting.
Solid-State Lighting & Fluorescent Lighting Market by Technology (LED, OLED, CFL), Type of Installation (New, Retrofit), Application (General Lighting, Backlighting, Automotive Lighting, Medical Lighting), Vertical, & Geography - Forecast to 2020
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