Global Solid State Lighting (SSL) Industry Analysis & Trends 2016-2025: Industry Trends and Key Developments |The Insight Partners

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The “Solid State Lighting (SSL) Market report categories the global market by Technology, Applications, Installation Type, End-user and Geography” report provides a detailed overview of the major factors impacting the global Industry with the Industry share analysis and revenues of various sub segments.

The term solid state lighting refers to the light emitted by solid-state electroluminescence or fluorescent tubes. Global Solid State Lighting (SSL) uses polymer light-emitting diodes, semiconductor light-emitting diodes, and organic light-emitting diodes as a source of radiance.

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Compared to the conventional lighting technologies such as incandescent lamps, the solid state lighting products provide higher output with lesser amount of energy. Incandescent lamps failed in optimum conversion of electrical energy into light, and SSL overcomes this issue. Additionally, high durability (5 to 8 years) of SSL products is another advantageous feature which is expected to boost the adoption of SSL products during the forecast period. Furthermore, lower maintenance costs, reduced size, versatility, and high energy efficiency of SSL products when compared to other conventional products, is expected to propel the global solid state lighting Industry during the forecast period. The solid state lighting product are designed to reduce the biological impacts, thereby prompting their use across the globe. Also, improved optical distribution of light in SSL products, significantly reduces the light wastage/scattering, and therefore produces better illumination.

Reduction in amount of manufacturing material (such as aluminum) for SSL products lowers the manufacturing cost and time, thereby serving as a key opportunity area for the SSL vendors globally. Furthermore, the expected implementation of SSL, owing to enhanced color stability and lumen proficiency, within several lighting applications including automotive lighting, general lighting, and medical lighting, is analyzed to promise significant growth within the global solid state lighting market. The high initial cost of SSL products hinders the global solid state lighting market. Additionally, poor efficiency of SSL products in heat sensitive applications further restricts the global solid state lighting market.

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Asia Pacific (APAC) is observed as the largest pool for global solid state lightning Industry owing to availability of cheap labor and low manufacturing costs. In addition, North America leads the global solid state lighting Industry owing to a significant implementation of SSL technology in lightning products. In addition, governments of developed regions such as the North America and Europe, are planning to ban incandescent bulbs and increase adoption of energy-efficient and eco-friendly technologies for illumination, thereby further expected to bolster the global solid state lighting Industry In South America (SAM), Brazil is expected to be is largest contributor to global solid state lightning Industry due to rapid infrastructural development propelling employment of large amount of SSL products.

Segmentations Covered in the Solid State Lighting (SSL) Market

  • Technology : Light-Emitting Diodes (LED), Organic Light-Emitting Diodes (OLED)
  • Applications : General Lighting, Electronic Billboards, Automotive Lighting, Backlighting, Medical Lighting
  • End-user Industry Vertical : Residential, Education & Research, Healthcare, Commercial, Industrial, Consumer Electronics, Automotive & Transportation
  • Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)

Some of the leading players in Solid State Lighting (SSL) Market Report

  • Osram Licht AG
  • Nichia Corporation
  • General Electric Company
  • Royal Philips Electronics N.V.
  • Seoul Semiconductor Co. Ltd.
  • Applied Materials, Inc.
  • Cambridge Display Technology Ltd.
  • Mitsubishi Electric Corporation
  • Cree, Inc.
  • Eaton Corporation PLC.
  • Lumenpulse Inc.
  • Energy Focus, Inc.
  • Samsung Electronics Co. Ltd.
  • Tridonic Gmbh & Co. KG

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Reason to buy

  • Highlights widely used product offerings thereby allowing organizations to gain revenues by focusing majorly on select products
  • The key findings and recommendations highlight crucial progressive industry trends in the Solid State Lighting (SSL) market, thereby allowing players across the value chain to develop effective long term strategies
  • Get reliable information about the strategies manufacturers in this Industry use to drive revenue
  • Gain insights into the competitive landscape, to strengthen Industry competitiveness and positioning
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global Industry trends and outlook coupled with the factors driving the market, as well as the those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
  • Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.

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