Solid-state and Others Energy-efficient Lighting Market Emerging Trends and Future Prospects for period from 2024 to 2031

The "Solid-state and Others Energy-efficient Lighting Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Solid-state and Others Energy-efficient Lighting market is expected to grow annually by 4.7% (CAGR 2024 - 2031).

This entire report is of 154 pages.

Solid-state and Others Energy-efficient Lighting Introduction and its Market Analysis

The solid-state and other energy-efficient lighting market is experiencing rapid growth due to increasing demand for energy-efficient, durable, and environmentally friendly lighting solutions. Major factors driving revenue growth include government initiatives promoting energy efficiency, technological advancements in LED lighting, and increasing awareness of the benefits of energy-efficient lighting. Companies such as Osram Licht, Philips, Seoul Semiconductor, and General Electric are leading players in the market. The market is highly competitive, with companies focusing on product innovation and strategic partnerships to gain a competitive edge. The main findings of the market research report highlight the growing adoption of LED lighting and the potential for further market expansion. Recommendations include investing in research and development to drive innovation and staying up-to-date with market trends to capitalize on opportunities for growth.

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The global energy-efficient lighting market is experiencing significant growth, with solid-state, HID, and fluorescent lighting dominating the market. These lighting options are used for general lighting, backlighting, automotive lighting, and medical lighting applications. Solid-state lighting, in particular, is gaining popularity due to its energy efficiency and longer lifespan.

Regulatory and legal factors specific to the market conditions play a crucial role in shaping the growth of energy-efficient lighting. Stringent regulations mandating the adoption of energy-efficient lighting solutions in various industries are driving the market growth. Additionally, government incentives and initiatives to promote energy efficiency are further boosting the demand for energy-efficient lighting products.

Overall, the global market for energy-efficient lighting is expected to continue to grow, driven by the increasing focus on energy conservation and sustainability. With advancements in technology and increasing awareness about the benefits of energy-efficient lighting, the market is poised for further expansion in the coming years.

Top Featured Companies Dominating the Global Solid-state and Others Energy-efficient Lighting Market

The solid-state and other energy-efficient lighting market is highly competitive, with companies such as Osram Licht, Royal Philips Electronics ., Seoul Semiconductor, General Electric, Nichia, Aixtron SE, Bridgelux, Cree, Acuity Brands Lighting, Advanced Lighting Technologies, Energy Focus, Intematix, LED Engin, Toyoda Gosei, TCP International Holdings, and Bright Light Systems operating in this sector.

These companies offer a range of solid-state and energy-efficient lighting solutions that help in reducing energy consumption and achieving better lighting quality. Osram Licht, for example, provides LED lighting solutions for various applications, from residential to commercial. Philips Lighting focuses on smart lighting solutions and connected lighting systems, while companies like Cree and Seoul Semiconductor specialize in LED technology and components.

These companies play a crucial role in growing the solid-state and other energy-efficient lighting market by continuously innovating and developing new products that are more energy-efficient, longer-lasting, and cost-effective. They also invest in research and development to improve the performance and efficiency of their lighting solutions, driving industry growth and adoption of energy-efficient lighting technologies.

In terms of sales revenue, Osram Licht reported revenue of €3.48 billion in 2020, while Royal Philips Electronics N.V. reported revenue of €19.5 billion in the same year. General Electric reported revenue of $79.6 billion, Cree reported revenue of $2.3 billion, and Acuity Brands Lighting reported revenue of $3.5 billion in 2020.

Overall, these companies contribute significantly to the growth of the solid-state and other energy-efficient lighting market by providing innovative solutions that meet the increasing demand for energy-efficient lighting technologies and help in reducing energy consumption and carbon emissions.

• Osram Licht
• Royal Philips Electronics N.V.
• Seoul Semiconductor
• General Electric
• Nichia
• Aixtron Se
• Bridgelux
• Cree
• Acuity Brands Lighting
• Advanced Lighting Technologies
• Energy Focus
• Intematix
• LED Engin
• Toyoda Gosei
• TCP International Holdings
• Bright Light Systems

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Solid-state and Others Energy-efficient Lighting Market Analysis, by Type:

• Solid-State
• HID
• Fluorescent

Solid-state lighting includes light-emitting diodes (LEDs) and organic light-emitting diodes (OLEDs), which are highly energy-efficient and durable. High-intensity discharge (HID) lighting and fluorescent lighting are also energy-efficient options. These lighting types offer long lifespans, lower energy consumption, and reduced maintenance costs, making them popular choices for residential, commercial, and industrial applications. The growing focus on sustainability and energy efficiency in both the public and private sectors has led to an increased demand for solid-state and other energy-efficient lighting solutions, driving the growth of the market.

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Solid-state and Others Energy-efficient Lighting Market Analysis, by Application:

• General Lighting
• Backlighting
• Automotive Lighting
• Medical Lighting

Solid-state and other energy-efficient lighting have various applications including general lighting, backlighting, automotive lighting, and medical lighting. In general lighting, they are used for illuminating areas such as offices, homes, and public spaces. In backlighting, they provide uniform and energy-efficient lighting for displays and signage. In automotive lighting, they enhance visibility and safety on the road. In medical lighting, they provide precise and adjustable lighting for surgical procedures. The fastest growing application segment in terms of revenue is general lighting, as more and more industries and consumers are transitioning to energy-efficient lighting solutions for cost savings and environmental benefits.

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Solid-state and Others Energy-efficient Lighting Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The solid-state and other energy-efficient lighting market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America, particularly the United States and Canada, is expected to dominate the market with a significant market share percentage valuation. Europe, including Germany, France, the ., Italy, and Russia, is also expected to be a key player in the market. Asia-Pacific, with countries like China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia, is projected to see substantial growth in the solid-state and energy-efficient lighting market. Latin America, including Mexico, Brazil, Argentina, and Colombia, is also anticipated to contribute to market growth. In the Middle East & Africa region, countries like Turkey, Saudi Arabia, and the UAE are expected to adopt energy-efficient lighting solutions, contributing to market growth. Overall, the solid-state and other energy-efficient lighting market is expected to witness widespread adoption across different regions, with varying market share percentages based on regional trends and developments.

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