TMCnet News
Solid-State Lighting Market Worth $22.2 Billion and Fluorescent Lighting Market $24.5 Billion by 2020DALLAS, May 19, 2015 /PRNewswire/ -- According to the new market research report "Solid-State Lighting & Fluorescent Lighting Market by Technology (LED, OLED, CFL), Type of Installation (New, Retrofit), Application (General Lighting, Backlighting, Automotive Lighting, Medical Lighting), Vertical, & Geography - Forecast to 2020", published by MarketsandMarkets, the Solid-State Lighting Market size is projected to reach $22.2 Billion by 2020, growing at a CAGR of 7.31% from 2015 to 2020. The market size for Fluorescent Lighting is estimated to be $24.5 Billion by 2020, at a CAGR of -3.56% from 2015 to 2020. Browse 77 market data Tables and 92 Figures spread through 201 Pages and in-depth TOC on "Solid-State Lighting & Fluorescent Lighting Market" http://www.marketsandmarkets.com/Market-Reports/solid-state-lighting-market-1234.html Early buyers will receive 10% customization on this report. The lighting market is expected to witness high growth, especially from the emerging SSL technology. General lighting would be the biggest application for SSL, whereas the automotive lighting application will experience highest growth during the forecast period. Long life, low energy consumption, efficient design which results into better productivity and increased brightness are some of the factors contributing towards the growth of the SSL technology. LEDs can last for nearly 8 to 10 years with 14 to 18 hours of daily use and they generate a pleasant light, which makes them well suited for ambient lighting. Solid-State Lighting Market is an emerging technology with a high growth potential across several lighting applications including general lighting, automotive lighting, and medical lighting, among other applications. Earlier, LEDs were used for signage, traffic lights, and backlighting. With further research and development in the field of optoelectronics and the introduction of LEDs capable of emitting white light, more market opportunities have been created for SSL, particularly in general lighting and automotive lighting. The general lighting application accounted for the highest market share; automotive lighting is the fastest growing application for the SSL technology. In the report, the SSL & FL market is segmented by technology, installation type, application, industry vertical, and geography covering all existing and emerging technologies in this market. The technology types of lighting include FL and SSL. SSL is further segmented into LE and OLED, whereas FL is segmented into LFL, CFL, and CCFL. The report provides the market analysis for the installation type of lighting namely, new installation and retrofit. This study also covers all major applications of lighting, such as, residential, commercial, educational, consumer electronics, industrial, medical, and transportation with qualitative as well as quantitative industry insights. One of the objectives of the report was to analyze the market trends for each of the segments and their respective growth rates. Apart from the market segmentation, the report also covers in-depth analyses such as the Porter's five forces analysis, value chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, opportunities, and challenges for the Solid-State Lighting & Fluorescent Lighting Market. Major driving factors for this market are government initiatives and mandates, long life and low energy consumption, and efficient and robust design of LEDs for better productivity. Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=1234 The market size for e SSL & FL in all four geographic regions, namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW) has been included in the report. APAC is estimated to account for a large share in this market and will also exhibit the fastest growth during the forecast period. Some of the major players in this market are Osram Licht AG (Germany), Royal Philips Electronics N.V (Netherlands), Nichia Corporation (Japan), General Electric Company (U.S.), and Seoul Semiconductor Co. Ltd (South Korea) Browse related reports OLED Market by Display Application (Type - AMOLED & PMOLED, Panel-Size - Small, Medium & Large, Product - Smartphones & Others, Geography), Lighting Application (Type - Traditional & Flexible, End-User, Geography), & Geography - Global Forecast to 2020 http://www.marketsandmarkets.com/Market-Reports/oled-market-200.html Smart Lighting Market by Component (Relays, Occupancy Sensors, Actuators, Transmitters, Receivers), Lighting Type (LED, FL, CFL, HID), Connectivity Technology (Wired, Wireless), Application (Commercial, Industrial, Public, Government, Residential) & Geography - Global Forecast & Analysis to 2014-2020 http://www.marketsandmarkets.com/Market-Reports/smart-lighting-market-985.html About MarketsandMarkets MarketsandMarkets is world's No. 2 firm 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 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 info graphics 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. Subscribe Reports from Semiconductor & Electronic @ http://www.marketsandmarkets.com/Subscription.html Contact: SOURCE MarketsandMarkets 
|