Shibuya-ku, Tokyo, Japan, Japan, Mar 16, 2021, 08:50 /Comserve / -- 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.
“Rising demand for energy-efficient lighting technologies expected to drive the solid-state and other energy-efficient lighting market”
The market growth can be attributed to several factors such as rising demand for energy-efficient lighting technologies, increased awareness about environment-friendly lighting systems, and increased adoption of advanced lighting technologies in various developing countries such as India, China, and South Korea.
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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“Market for solid-state lighting expected to grow at a high rate in terms of market size”
The market for solid-state lighting is expected to grow at the highest CAGR between 2016 and 2022. The solid-state lighting technology has the potential for enormous energy savings accompanying environmental benefits; hence, it is being promoted globally. The U.S. Department of Energy (DOE) is promoting solid-state lighting technologies for general-purpose illumination to achieve its long-term goal of increasing the efficiency of energy consumption in the U.S.
“APAC expected to hold the largest share of the market during the forecast period”
The solid-state and other energy-efficient lighting market in APAC held the first position in 2015 in terms of revenue, and the trend is expected to continue during the forecast period. Countries such as India and China are the emerging markets for solid-state and other energy-efficient lighting as there is more scope of expansion in these countries than the matured countries, namely, the U.S., Germany, and the U.K. The growing industrialization and construction projects are expected to drive the market in this region.
Breakdown of primary participants:
Research Coverage:
In this report, various segments such as technology, installation type, application, offering, and geography have been covered. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across four main regions: North America, Europe, APAC, and RoW. Porter’s five forces analysis has been included in the report, along with the description of each of its forces and their impact on the market.
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Reasons to Buy the Report:
TABLE OF CONTENTS
1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 18
1.5 LIMITATIONS 18
1.6 MARKET STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Major secondary sources 20
2.1.1.2 Key data from secondary sources 21
2.1.2 PRIMARY DATA 21
2.1.2.1 Primary interviews with experts 21
2.1.2.2 Breakdown of primaries 22
2.1.2.3 Key data from primary sources 22
2.1.3 SECONDARY AND PRIMARY RESEARCH 23
2.1.3.1 Key industry insights 24
2.2 MARKET SIZE ESTIMATION 25
2.2.1 BOTTOM-UP APPROACH 25
2.2.1.1 Approach for capturing the market share by bottom-up analysis (demand side) 26
2.2.2 TOP-DOWN APPROACH 26
2.2.2.1 Approach for capturing the market share by top-down analysis (supply side) 26
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 28
2.4 RESEARCH ASSUMPTIONS 29
3 EXECUTIVE SUMMARY 30
4 PREMIUM INSIGHTS 36
4.1 SIGNIFICANT OPPORTUNITIES IN THE SOLID-STATE AND OTHER ENERGY-EFFICIENT LIGHTING MARKET 36
4.2 SOLID-STATE AND OTHER ENERGY-EFFICIENT LIGHTING MARKET, BY OFFERING 37
4.3 SOLID-STATE AND OTHER ENERGY-EFFICIENT LIGHTING MARKET IN APAC 38
4.4 SOLID-STATE AND OTHER ENERGY-EFFICIENT LIGHTING MARKET IN 2015 39
4.5 SOLID-STATE AND OTHER ENERGY-EFFICIENT LIGHTING MARKET, BY APPLICATION 40
5 MARKET OVERVIEW 41
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