Solid-State Lighting Market Growth, Size & Share 2021 | Opportunities, Key Vendors, Future Demands, and 2030

In a recent published report, Kenneth Research has updated the market report for Solid-State Lighting Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Solid-State Lighting Market products.

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The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users. According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports.

Global Solid State Lighting Market was valued at USD 126.76 Billion in the year 2017. Solid State Lighting Market is further estimated to grow at a CAGR of 5.96% from 2018 to 2025 to reach USD 207.5 Billion by the year 2025. Asia Pacific region holds the highest Market share in 2017 with European region is considered as the fastest growing Market in the forecasted period. At a country level, South Korea is the biggest Market in 2017 and it is projected to grow at a gradual pace in the coming years.

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On the other hand, the automotive sector is expected to grow at the highest CAGR during the year 2018-2025. Solid state lightings are being used in the lights of some top automotive manufacturers. It is predicted that OLEDs will be used in the interiors of the cars in the coming years.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

The major Market Players in Solid State Lighting Market are General Electric Company, OSRAM Light AG, Panasonic Corporation, Mitsubishi Electric Corporation, Koninklijke Philips N.V., Eaton Corporation PLC, Samsung Electronics Co. Ltd. and other 13 companies is also provided. Samsung Electronics, General Electric, and Panasonic are some of the key manufacturers in the Solid State Lighting Market with Samsung Electronics holding the substantial Market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

The commercial segment is expected to hold the highest Market share during the forecast period. With the increasing number of smartphone user, there is a demand for advanced technology in the display Market. The Governments of different countries are helping the local manufacturers by providing them resources. Thus, Solid State lighting Market has a strong potential across the major countries.

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By Technology
Solid-State Lighting
LEDs
OLEDs

Fluorescent Lighting
LFL
CFL
CCFL

By Application
General Lighting
Automotive Lighting
Medical Lighting
Others

By Sector
Commercial Sector
Residential Sector
Industrial Sector
Others

By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

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Table of Content
1. Introduction
1.1 Industry Vision
1.2 Limitations
1.3 Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.1.1. Key Data from Secondary Research
2.1.2. Primary Research
2.1.2.1. Key Data from Primary Research
2.1.2.2. Breakdowns of Primary Interviews
2.2. Industry Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption
3. Executive Summary
4. Industry Overview
4.1. Introduction
4.2. Strength
4.3. Weakness
4.4. Opportunities
4.5. Threats
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
5. Industry Trends
5.1. Introduction
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Solid State Lighting Industry, By Sector
6.1. Commercial Sector
6.2. Residential Sector
6.3. Industrial Sector
6.4. Others
7. Solid State Lighting Industry, By Technology
7.1. Solid-State Lighting
7.1.1. LEDs
7.1.2. OLEDs
7.2. Fluorescent Lighting
7.2.1. LFL
7.2.2. CFL
7.2.3. CCFL
8. Solid State Lighting Industry, By Application
8.1. General Lighting
8.2. Automotive Lighting
8.3. Medical Lighting
8.4. Others
9. Geographical Analysis
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. RoE
9.4. Asia Pacific
9.4.1. China

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About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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