| Submit Press Release
| Submit Website
(Chicago.CityRegions.Com, March 19, 2017 ) The report "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",
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.
Browse 73 market data tables and 73 figures spread through 179 pages and in-depth TOC on “Solid-State and Other Energy-Efficient Lighting Market - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
The growth of this market is driven by the rapid penetration of solid-state lighting and the corresponding demand for technologically advanced energy-efficient lighting fixtures. These energy-efficient lighting sources generate light of a superior quality, are extremely energy efficient, and have a long life.
Download PDF Brochure-
Market for automotive lighting expected to grow at the highest rate during the forecast period
The automotive lighting application segment is playing a crucial role in the overall market. Solid-state and other energy-efficient lighting technology offers benefits such as high efficiency and long battery life. Owing to these benefits, the automotive sector is largely adopting this technology for use in vehicles.
Solid-state and other energy-efficient lighting market for retrofit installation expected to grow at the highest rate between 2016 and 2022
Increasing replacement of incandescent lamps with energy-efficient light sources is the major factor contributing to the growth of the market for retrofit installation. The old-generation lamps are being slowly phased out and the fixtures are being retrofitted with solid-state and other energy-efficient lights as they offer a longer working life and also consume less energy.
Solid-state and other energy-efficient lighting market in RoW expected to grow at the highest rate during the forecast period
The solid-state and other energy-efficient lighting market is rapidly expanding in RoW. RoW includes South America and Middle East & Africa. Focus on real estate projects, where lighting is a basic requisite, is a major driver for the growth of this market. The economic growth is also expected to result in rapid urbanization, which is expected to significantly boost the market in the region.
Some of the major players operating in the 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).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.