Solid State Lighting System Market

Solid-state lighting (SSL) are the type of lighting which features semiconductor light-emitting diodes (LEDs), polymer light-emitting diodes (PLED) or organic light-emitting diodes (OLED), as sources of lighting instead of plasma i.e. used in arc lamps such as fluorescent lamps, electrical filaments, , or gas. Solid state lighting system has the potential to reduce lighting energy consumption globally, as they are ten times more efficient than incandescent lighting and twice as efficient as fluorescent lighting. Some other features which attract consumers for adoption of solid state lighting systems include low power consumption, ability to withstand strong vibrations, no mercury content, no or minimum UV and IR radiation, ultra-long source life and digital controllability. Increasing application of solid state lighting systems in automobiles is a factor that is expected to drive the growth in the coming years.

Solid State Lighting System Market contains market size and forecasts of Solid State Lighting System in global, including the following market information:

Global Solid State Lighting System Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Solid State Lighting System Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Solid State Lighting System companies in 2021 (%)

The global Solid State Lighting System market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

LEDs Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Solid State Lighting System include GE Lighting, Philips, Osram Licht, Seoul Semiconductor, Cree, Inc., Intematix Corporation, Aixtron, Nichia Corporation and Bridgelux Inc, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Solid State Lighting System manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Solid State Lighting System Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Solid State Lighting System Market Segment Percentages, by Type, 2021 (%)

LEDs

OLEDs

Others

Global Solid State Lighting System Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Solid State Lighting System Market Segment Percentages, by Application, 2021 (%)

General Lighting

Automotive Lighting

Others

Global Solid State Lighting System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Solid State Lighting System Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Solid State Lighting System revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Solid State Lighting System revenues share in global market, 2021 (%)

Key companies Solid State Lighting System sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Solid State Lighting System sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

GE Lighting

Philips

Osram Licht

Seoul Semiconductor

Cree, Inc.

Intematix Corporation

Aixtron

Nichia Corporation

Bridgelux Inc

Acuity Brands

Energy Focus Inc.

LED Engin, Inc.

Toyoda Gosei Co., Ltd.

TCP International