Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 50.38 billion

Market Size (2029)

USD 103.38 billion

CAGR (2024-2029)

12.56%

Fastest Growing Segment

Organic Light Emitting Diodes (OLED)

Largest Market

Asia Pacific

Market Overview

Global Solid State Lighting market was valued at USD 50.38 billion in 2023 and is projected to register a compound annual growth rate of 12.56% during the forecast period.

The Solid State Lighting (SSL) market has emerged as a transformative force in the lighting industry, revolutionizing the way we illuminate spaces and consume energy. Solid State Lighting refers to lighting technology that utilizes light-emitting diodes (LEDs), organic light-emitting diodes (OLEDs), or polymer light-emitting diodes (PLEDs) as sources of illumination. Unlike traditional incandescent or fluorescent lighting, which rely on filament or gas discharge for illumination, SSL technology produces light through the movement of electrons in semiconductors, resulting in highly efficient and long-lasting lighting solutions. One of the key advantages of SSL is its exceptional energy efficiency, with LED lights consuming significantly less energy compared to conventional lighting technologies. This energy efficiency not only translates into reduced electricity bills for consumers but also contributes to environmental sustainability by lowering carbon emissions and reducing the demand for fossil fuels.  SSL offers superior durability and longevity, with LED lights boasting lifespans that far exceed those of traditional light sources, reducing maintenance costs and minimizing waste. SSL technology also provides greater flexibility and versatility in lighting design, allowing for the creation of innovative lighting solutions tailored to specific applications and environments. LED lights can be easily dimmed, colored, and controlled, enabling dynamic lighting schemes that enhance ambiance, productivity, and comfort in various settings such as residential, commercial, and outdoor spaces.  SSL technology is driving advancements in smart lighting systems, enabling remote control, automation, and integration with other smart devices through wireless communication protocols such as Bluetooth and Wi-Fi. These smart lighting systems offer additional benefits such as enhanced energy management, personalized lighting experiences, and improved security and safety. The Solid State Lighting market is witnessing rapid growth and innovation, fueled by increasing demand for energy-efficient lighting solutions, government initiatives promoting sustainability, and technological advancements driving cost reductions and performance improvements. As SSL technology continues to evolve and mature, it is expected to play a pivotal role in shaping the future of lighting, offering sustainable, intelligent, and visually captivating illumination solutions for homes, businesses, and cities alike.

Key Market Drivers

Growing Emphasis on Energy Efficiency

The growing emphasis on energy efficiency across various industries has been a key driver for the solid state lighting market. Traditional lighting technologies consume significantly more power compared to solid state lighting solutions such as LEDs. With rising energy costs and focus on sustainability, businesses are increasingly adopting solid state lighting to reduce their electricity bills and carbon footprint. According to reports, solid state lighting can help achieve energy savings of over 75% compared to incandescent bulbs. It also lasts over 25 times longer than traditional lighting, further helping businesses lower their lifetime lighting costs. With more regions implementing policies and regulations mandating the use of energy-efficient lighting, the market for solid state solutions is expected to grow steadily in the coming years.

Increasing Adoption of Smart Lighting Technologies

The rising adoption of smart lighting technologies has also propelled the solid state lighting market. Smart lighting solutions with integrated sensors and controls enable dimming, scheduling, and remote monitoring capabilities. They provide flexibility to adjust light levels based on occupancy and daylight. This makes lighting more energy-proportional. Smart solid state lights also gather property usage data that helps optimize operations and maintenance. The ability to customize and automate lighting according to application needs through smart controls and connectivity has driven their adoption across various industries including retail, hospitality, and corporate offices. With more solution providers introducing advanced smart lighting products, the market is poised for further growth.

Expansion of LED Applications

Initially used only for indicator lamps, the applications of LED technology have expanded rapidly in recent times. From streetlights and flashlights to indoor lighting for commercial spaces, their use has increased manifold due to various advantages over traditional lighting sources. LED lights also have a longer lifespan of over 50,000 hours and do not contain toxic materials like mercury, making them an environmentally-friendly option. With reducing price points and expanding scope across residential, outdoor, industrial and horticulture sectors, LEDs are projected to account for a significant share of the solid state lighting market in the coming years. Continuous technological innovations are further increasing the luminous efficacy and efficiency of LED lights.


Download Free Sample Report

Key Market Challenges

Cost and Affordability

One of the significant challenges facing the Solid State Lighting market is the cost and affordability of solid state lighting solutions. While solid state lighting technologies such as LEDs offer long-term cost savings through energy efficiency and durability, the initial investment can be higher compared to traditional lighting options. The higher upfront costs can deter some businesses and consumers from adopting solid state lighting, especially in price-sensitive markets. Additionally, the cost of advanced components and materials used in solid state lighting systems can impact the overall affordability of these solutions. To address this challenge, manufacturers and suppliers need to focus on research and development to reduce production costs, improve manufacturing processes, and enhance economies of scale. Increased competition and technological advancements can help drive down prices and make solid state lighting more accessible to a wider range of customers.

Quality and Performance Standards

Another challenge for the Solid State Lighting market is ensuring consistent quality and performance standards across different products and manufacturers. With the market flooded with a wide range of solid state lighting solutions, it becomes crucial to establish and maintain industry-wide standards to ensure reliability, efficiency, and safety. Variations in product quality and performance can lead to customer dissatisfaction, negative perceptions, and potential safety hazards. Therefore, it is essential for manufacturers to adhere to rigorous quality control processes, conduct thorough testing, and comply with relevant industry standards and regulations. Additionally, the lack of standardized testing methods and metrics for evaluating the performance of solid state lighting products can make it difficult for customers to compare different offerings. Establishing clear and universally accepted standards can help build trust among customers and drive wider adoption of solid state lighting solutions.

Technological Limitations and Compatibility

The Solid State Lighting market also faces challenges related to technological limitations and compatibility issues. While solid state lighting technologies have made significant advancements, there are still certain limitations that need to be addressed. For example, some LED lights may exhibit color inconsistencies or limited color rendering capabilities, which can impact the overall lighting experience. Additionally, compatibility issues between different solid state lighting components, such as drivers, controls, and sensors, can pose challenges during installation and integration. This can result in additional costs and complexities for customers and may hinder the seamless implementation of solid-state lighting systems. To overcome these challenges, manufacturers and industry stakeholders need to invest in research and development to improve the performance and compatibility of solid-state lighting technologies. Collaboration and standardization efforts can help ensure interoperability between different components and enhance the overall user experience.

Key Market Trends

Increasing Demand for Smart Lighting Solutions

One of the prominent trends in the Solid State Lighting market is the increasing demand for smart lighting solutions. Smart lighting systems integrate advanced technologies such as sensors, controls, and connectivity to provide enhanced functionality and energy efficiency. These systems enable users to remotely control and automate lighting settings, adjust brightness levels, and ... customize lighting schedules based on occupancy and daylight conditions. The growing adoption of Internet of Things (IoT) and connected devices has further accelerated the demand for smart lighting solutions, as they can be seamlessly integrated into smart home and building automation systems. The ability to optimize energy consumption, improve user comfort, and enable data-driven insights has made smart lighting a preferred choice across residential, commercial, and industrial sectors.

Focus on Human-Centric Lighting

Another significant trend in the Solid State Lighting market is the increasing focus on human-centric lighting. Human-centric lighting aims to create lighting environments that mimic natural daylight and positively impact human well-being and productivity. Research has shown that lighting conditions can influence mood, concentration, and overall health. Solid state lighting technologies, such as LEDs, ... offer the flexibility to adjust color temperature and intensity, allowing for dynamic lighting scenarios that align with the body's natural circadian rhythm. This trend has gained traction in various settings, including offices, healthcare facilities, and educational institutions, where the quality of lighting plays a crucial role in creating comfortable and productive environments. As awareness about the benefits of human-centric lighting grows, the demand for solid state lighting solutions that support circadian lighting design principles is expected to increase.

Integration of Internet of Things (IoT) and Artificial Intelligence (AI)

The integration of Internet of Things (IoT) and Artificial Intelligence (AI) technologies is another significant trend shaping the Solid State Lighting market. IoT-enabled lighting systems leverage sensors, connectivity, and data analytics to enable intelligent lighting control and management. These systems can monitor occupancy, daylight levels, and energy consumption in real-time, allowing for ... dynamic adjustments and energy optimization. AI algorithms can analyze the collected data and make intelligent decisions to further enhance energy efficiency and user experience. For example, AI-powered lighting systems can automatically adjust lighting levels based on user preferences, occupancy patterns, and ambient conditions. This trend is particularly relevant in smart cities, where connected lighting infrastructure can contribute to energy savings, improved safety, and enhanced urban planning. The integration of IoT and AI technologies in solid state lighting solutions is expected to drive innovation and create new opportunities for energy-efficient and intelligent lighting applications.

In conclusion, the Solid State Lighting market is witnessing several trends that are shaping the future of lighting solutions. The increasing demand for smart lighting, the focus on human-centric lighting, and the integration of IoT and AI technologies are driving innovation and transforming the way lighting is designed, controlled, and managed. As these trends continue to evolve, the Solid State Lighting market is expected to experience significant growth and offer new possibilities for energy-efficient, customizable, and intelligent lighting solutions across various industries..

Segmental Insights

By Light Source Type Insights

Light Emitting Diodes (LED) segment dominated the Solid State Lighting Market and is expected to maintain its dominance during the forecast period. LED technology has revolutionized the lighting industry with its energy efficiency, long lifespan, and versatility. LEDs offer significant advantages over traditional lighting sources, such as incandescent and fluorescent bulbs, making them the preferred choice for various applications. The LED segment's dominance can be attributed to its widespread adoption across residential, commercial, and industrial sectors. LED lighting solutions are extensively used in homes, offices, retail spaces, and outdoor lighting applications due to their high energy efficiency and cost-effectiveness. Moreover, advancements in LED technology have led to improved color rendering, brightness, and controllability, further driving their market dominance.

While the Organic Light Emitting Diodes (OLED) segment holds promise in the Solid State Lighting Market, it is still in the early stages of commercialization. OLEDs offer unique advantages, such as thin and flexible form factors, high contrast ratios, and wide viewing angles. These characteristics make OLEDs suitable for applications like display panels, signage, and architectural lighting. However, challenges related to manufacturing costs, limited lifespan, and the need for encapsulation techniques have hindered their widespread adoption. As a result, the LED segment continues to dominate the market due to its maturity, reliability, and cost-effectiveness.

The Polymer Light Emitting Diodes (PLED) segment is also gaining traction in the Solid State Lighting Market. PLEDs are lightweight, flexible, and can be produced using cost-effective printing techniques. These characteristics make PLEDs suitable for applications that require curved or flexible lighting solutions, such as automotive lighting, wearable devices, and decorative lighting. The PLED segment is expected to witness significant growth in the coming years as advancements in materials and manufacturing processes continue to improve their performance and cost-effectiveness.

Micro-LED technology is another emerging segment in the Solid State Lighting Market. Micro-LEDs are miniature light-emitting diodes that offer high brightness, color accuracy, and energy efficiency. They have the potential to revolutionize the display industry with their superior image quality and scalability. However, challenges related to manufacturing complexity, high production costs, and mass transfer techniques have limited their commercialization. Despite these challenges, the Micro-LED segment is expected to grow rapidly in the forecast period as ongoing research and development efforts aim to overcome these barriers.

LED segment currently dominates the Solid State Lighting Market due to its energy efficiency, long lifespan, and widespread adoption across various sectors. While OLEDs, PLEDs, and Micro-LEDs hold promise for specific applications, they are still in the early stages of commercialization or face challenges that limit their market dominance. As technology advancements continue and manufacturing costs decrease, these segments are expected to gain traction and contribute to the overall growth of the Solid State Lighting Market.



Download Free Sample Report

Regional Insights

In 2023, Asia Pacific dominated the Solid State Lighting Market and is expected to maintain its dominance during the forecast period. Asia Pacific has emerged as a key region driving the adoption and implementation of solid-state lighting solutions. The region's dominance can be attributed to several factors. Firstly, Asia Pacific is home to some of the largest economies in the world, including China, Japan, and South Korea, which have been at the forefront of technological advancements and manufacturing capabilities. These countries have heavily invested in research and development, leading to the production of high-quality solid-state lighting products. Additionally, the region has a large population and rapid urbanization, driving the demand for energy-efficient lighting solutions in residential, commercial, and industrial sectors. Furthermore, government initiatives and regulations promoting energy conservation and sustainability have further accelerated the adoption of solid-state lighting in the region. The Asia Pacific region also benefits from a strong supply chain and manufacturing infrastructure, allowing for cost-effective production and distribution of solid-state lighting products. Moreover, the region has witnessed significant investments in smart city projects, where solid-state lighting plays a crucial role in enhancing energy efficiency and creating intelligent lighting systems. With ongoing technological advancements, increasing consumer awareness, and the need for energy-efficient lighting solutions, Asia Pacific is expected to maintain its dominance in the Solid State Lighting Market during the forecast period.

Recent Developments

  • In November 2023, Acuity Brands has revealed its plans to acquire Arize horticultural lighting products from Current Lighting Solutions, LLC. Additionally, Acuity Brands has announced its commitment to maintaining a distribution partnership with Hort Americas, headquartered in Texas, for the sales and support of Arize products in North America.

Key Market Players

  • Osram Licht AG
  • Savant Technologies LLC
  • Bridgelux, Inc
  • Energy Focus, Inc
  • Nichia Corporation
  • Intematix Corporation
  • Acuity Brands, Inc
  • LED Engin, Inc
  • Toyoda Gosei Co., Ltd
  • Samsung Electronics Co., Ltd

 

By Light Source Type   

By Color Temperature

By End User Industry

By Region

  • Light Emitting Diodes (LED)
  • Organic Light Emitting Diodes (OLED)
  • Polymer Light Emitting Diodes (PLED)
  • Micro-LED
  • Warm White (2700K-3500K)
  • Neutral White (3500K-4500K)
  • Cool White (4500K-6500K)
  • Others (RGB, Tunable White)
  • Electronics and Semiconductor
  • Healthcare
  • Automotive
  • Aerospace and Defense
  • Entertainment
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

 

Report Scope:

In this report, the Global Solid State Lighting Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Solid State Lighting Market, By Light Source Type:

o   Light Emitting Diodes (LED)

o   Organic Light Emitting Diodes (OLED)

o   Polymer Light Emitting Diodes (PLED)

o   Micro-LED

  • Solid State Lighting Market, By Color Temperature:

o   Warm White (2700K-3500K)

o   Neutral White (3500K-4500K)

o   Cool White (4500K-6500K)

o   Others (RGB, Tunable White)

  • Solid State Lighting Market, By End User Industry:

o   Electronics and Semiconductor

o   Healthcare

o   Automotive

o   Aerospace and Defense

o   Entertainment

o   Others

  • Solid State Lighting Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Solid State Lighting Market.

Available Customizations:

Global Solid State Lighting Market report with the given market data, Tech Sci Research offers customizations according to a 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).

Global Solid State Lighting Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Service Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Types of Research

2.5.1.    Secondary Research

2.5.2.    Primary Research

2.6.  Approach for the Market Study

2.6.1.    The Bottom-Up Approach

2.6.2.    The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.    Data Triangulation & Validation

3.    Executive Summary

4.    Voice of Customer

5.    Global Solid State Lighting Market Overview

6.    Global Solid State Lighting Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Light Source Type (Light Emitting Diodes (LED), Organic Light Emitting Diodes (OLED), Polymer Light Emitting Diodes (PLED), Micro-LED)

6.2.2.    By Color Temperature (Warm White (2700K-3500K), Neutral White (3500K-4500K), Cool White (4500K-6500K), Others (RGB, Tunable White)

6.2.3.    By End User Industry (Electronics and Semiconductor, Healthcare, Automotive, Aerospace and Defense, Entertainment, Others)

6.2.4.    By Region

6.3.  By Company (2023)

6.4.  Market Map

7.    North America Solid State Lighting Market Outlook

7.1.  Market Size & Forecast      

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Light Source Type   

7.2.2.    By Color Temperature

7.2.3.    By End User Industry

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Solid State Lighting Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Light Source Type   

7.3.1.2.2.           By Color Temperature

7.3.1.2.3.           By End User Industry

7.3.2.    Canada Solid State Lighting Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Light Source Type   

7.3.2.2.2.           By Color Temperature

7.3.2.2.3.           By End User Industry

7.3.3.    Mexico Solid State Lighting Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Light Source Type   

7.3.3.2.2.           By Color Temperature

7.3.3.2.3.           By End User Industry

8.    Europe Solid State Lighting Market Outlook

8.1.  Market Size & Forecast      

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Light Source Type   

8.2.2.    By Color Temperature

8.2.3.    By End User Industry

8.2.4.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Solid State Lighting Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Light Source Type   

8.3.1.2.2.           By Color Temperature

8.3.1.2.3.           By End User Industry

8.3.2.    United Kingdom Solid State Lighting Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Light Source Type   

8.3.2.2.2.           By Color Temperature

8.3.2.2.3.           By End User Industry

8.3.3.    Italy Solid State Lighting Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Light Source Type   

8.3.3.2.2.           By Color Temperature

8.3.3.2.3.           By End User Industry

8.3.4.    France Solid State Lighting Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Light Source Type   

8.3.4.2.2.           By Color Temperature

8.3.4.2.3.           By End User Industry

8.3.5.    Spain Solid State Lighting Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Light Source Type   

8.3.5.2.2.           By Color Temperature

8.3.5.2.3.           By End User Industry

9.    Asia-Pacific Solid State Lighting Market Outlook

9.1.  Market Size & Forecast      

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Light Source Type   

9.2.2.    By Color Temperature

9.2.3.    By End User Industry

9.2.4.    By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.    China Solid State Lighting Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Light Source Type   

9.3.1.2.2.           By Color Temperature

9.3.1.2.3.           By End User Industry

9.3.2.    India Solid State Lighting Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Light Source Type   

9.3.2.2.2.           By Color Temperature

9.3.2.2.3.           By End User Industry

9.3.3.    Japan Solid State Lighting Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Light Source Type   

9.3.3.2.2.           By Color Temperature

9.3.3.2.3.           By End User Industry

9.3.4.    South Korea Solid State Lighting Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Light Source Type   

9.3.4.2.2.           By Color Temperature

9.3.4.2.3.           By End User Industry

9.3.5.    Australia Solid State Lighting Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Light Source Type   

9.3.5.2.2.           By Color Temperature

9.3.5.2.3.           By End User Industry

10. South America Solid State Lighting Market Outlook

10.1.            Market Size & Forecast        

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Light Source Type   

10.2.2. By Color Temperature

10.2.3. By End User Industry

10.2.4. By Country

10.3.            South America: Country Analysis

10.3.1. Brazil Solid State Lighting Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Light Source Type   

10.3.1.2.2.         By Color Temperature

10.3.1.2.3.         By End User Industry

10.3.2. Argentina Solid State Lighting Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Light Source Type

10.3.2.2.2.         By Color Temperature

10.3.2.2.3.         By End User Industry

10.3.3. Colombia Solid State Lighting Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Light Source Type

10.3.3.2.2.         By Color Temperature

10.3.3.2.3.         By End User Industry

11. Middle East and Africa Solid State Lighting Market Outlook

11.1.            Market Size & Forecast        

11.1.1. By Value

11.2.            Market Share & Forecast

11.2.1. By Light Source Type

11.2.2. By Color Temperature

11.2.3. By End User Industry

11.2.4. By Country

11.3.            MEA: Country Analysis

11.3.1. South Africa Solid State Lighting Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Light Source Type

11.3.1.2.2.         By Color Temperature

11.3.1.2.3.         By End User Industry

11.3.2. Saudi Arabia Solid State Lighting Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Light Source Type

11.3.2.2.2.         By Color Temperature

11.3.2.2.3.         By End User Industry

11.3.3. UAE Solid State Lighting Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Light Source Type

11.3.3.2.2.         By Color Temperature

11.3.3.2.3.         By End User Industry

11.3.4. Kuwait Solid State Lighting Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Light Source Type

11.3.4.2.2.         By Color Temperature

11.3.4.2.3.         By End User Industry

11.3.5. Turkey Solid State Lighting Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Light Source Type

11.3.5.2.2.         By Color Temperature

11.3.5.2.3.         By End User Industry

11.3.6. Egypt Solid State Lighting Market Outlook

11.3.6.1.     Market Size & Forecast

11.3.6.1.1.         By Value

11.3.6.2.     Market Share & Forecast

11.3.6.2.1.         By Light Source Type

11.3.6.2.2.         By Color Temperature

11.3.6.2.3.         By End User Industry

12. Market Dynamics

12.1.            Drivers

12.2.            Challenges

13. Market Trends & Developments

14. Company Profiles

14.1.            Osram Licht AG

14.1.1.            Business Overview

14.1.2.            Key Revenue and Financials 

14.1.3.            Recent Developments

14.1.4.            Key Personnel/Key Contact Person

14.1.5.            Key Product/Services Offered

14.2.            Savant Technologies LLC

14.2.1.            Business Overview

14.2.2.            Key Revenue and Financials 

14.2.3.            Recent Developments

14.2.4.            Key Personnel/Key Contact Person

14.2.5.            Key Product/Services Offered

14.3.            Bridgelux, Inc

14.3.1.            Business Overview

14.3.2.            Key Revenue and Financials 

14.3.3.            Recent Developments

14.3.4.            Key Personnel/Key Contact Person

14.3.5.            Key Product/Services Offered

14.4.            Energy Focus, Inc

14.4.1.            Business Overview

14.4.2.            Key Revenue and Financials 

14.4.3.            Recent Developments

14.4.4.            Key Personnel/Key Contact Person

14.4.5.            Key Product/Services Offered

14.5.            Nichia Corporation

14.5.1.               Business Overview

14.5.2.               Key Revenue and Financials 

14.5.3.               Recent Developments

14.5.4.               Key Personnel/Key Contact Person

14.5.5.               Key Product/Services Offered

14.6.            Toyoda Gosei Co., Ltd

14.6.1.               Business Overview

14.6.2.               Key Revenue and Financials 

14.6.3.               Recent Developments

14.6.4.               Key Personnel/Key Contact Person

14.6.5.               Key Product/Services Offered

14.7.            Acuity Brands, Inc

14.7.1.               Business Overview

14.7.2.               Key Revenue and Financials 

14.7.3.               Recent Developments

14.7.4.               Key Personnel/Key Contact Person

14.7.5.               Key Product/Services Offered

14.8.            Intematix Corporation

14.8.1.               Business Overview

14.8.2.               Key Revenue and Financials 

14.8.3.               Recent Developments

14.8.4.               Key Personnel/Key Contact Person

14.8.5.               Key Product/Services Offered

14.9.            LED Engin, Inc

14.9.1.               Business Overview

14.9.2.               Key Revenue and Financials 

14.9.3.               Recent Developments

14.9.4.               Key Personnel/Key Contact Person

14.9.5.               Key Product/Services Offered

14.10.          Samsung Electronics Co., Ltd

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials 

14.10.3.              Recent Developments

14.10.4.              Key Personnel/Key Contact Person

14.10.5.              Key Product/Services Offered

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Global Solid State Lighting Market was USD 50.38 billion in 2023.

down-arrow

The dominant segment by color temperature in the Global Solid State Lighting Market in 2023 was "Cool White"

down-arrow

The dominant region in the Global Solid State Lighting Market is Asia Pacific.

down-arrow

The major drivers for the Global Solid State Lighting Market are growing demand for energy-efficient lighting solutions and increasing focus on LED technology across various end-use industries.

profile

Sakshi Bajaal

Business Consultant
Press Release

Solid State Lighting Market is expected to register a CAGR of 12.56% during the forecast period

Mar, 2024

Solid State Lighting is increasing due to the rising demand for energy-efficient lighting solutions in the forecast period, 2025-2029.