Press Releases
 
Solid-State and Other Energy-Efficient Lighting Market growing at a CAGR of 5.38%

Solid-State and Other Energy-Efficient Lighting Market by Technology (Solid-State, HID, Fluorescent)

USA, 13 June 2019 -- Solid-State and Other Energy-Efficient Lighting Market by Technology (Solid-State, HID, Fluorescent), Installation Type (New & Retrofit)

The solid-state and other energy-efficient lighting market was valued at USD 118.29 Billion in 2015 and is expected to reach USD 174.45 Billion by 2022, growing at a CAGR of 5.38% during the forecast period. The growth of this market is propelled by several factors such as rising demand for environment-friendly lighting technologies, reduction in the overall maintenance costs of solid-state and other energy-efficient lighting products, and increased infrastructure growth in various developing countries such as India, China, and South Korea.



The major opportunities for this market are growing adoption of LED lighting in the automotive industry and development of wireless technology. Some of the major players operating in the solid-state and other energy-efficient lighting market are OSRAM Licht AG (Germany), Royal Philips Electronics N.V. (Netherlands), Seoul Semiconductor Co., Ltd. (South Korea), General Electric Company (U.S.), Nichia Corporation (Japan), AIXTRON SE (Germany), Applied Materials, Inc. (U.S.), Applied Science and Technology Research Institute Company Limited (Hong Kong), Bridgelux, Inc. (U.S.), Cree, Inc. (U.S.), Acuity Brands, Inc. (U.S.), Advanced Lighting Technologies, Inc. (U.S.), Energy Focus, Inc. (U.S.), Intematix Corporation (U.S.), LED Engin, Inc. (U.S.), Toyoda Gosei Co., Ltd. (Japan), TCP International Holdings Ltd. (Switzerland), Topanga Technologies, Inc. (U.S.), Ceravision Ltd (U.K.), and Bright Light Systems, Inc. (Georgia).

OSRAM Licht AG (Germany) was ranked first in the solid-state and other energy-efficient lighting market. The company focuses on strategies such as new product launches and acquisitions to grow in the market. In July 2016, the company signed an agreement with LEDVANCE (China) to grow its sales and distribution network. In November 2015, the company opened a new application center in Shanghai. This brings OSRAM closer to business customers in the Asian region. The company has diversified business operations along with a strong portfolio of lighting solutions in the solid-state and other energy-efficient lighting market.

Royal Philips Electronics N.V. (Netherlands) was ranked second in the solid-state and other energy-efficient lighting market. The company focuses on strategies such as new product launches and collaborations. In May 2015, the company launched ActiveSite, a cloud-based connected lighting management platform. It allows the company’s architectural LED lighting systems to be monitored, maintained, and managed remotely, and its content can be uploaded from anywhere in the world. Also, in April 2015, the company collaborated with Tandus Centiva (U.S.) to develop luminous carpets using LED technology.

https://www.marketsandmarkets.com/Market-Reports/solid-state-lighting-market-1234.html

The solid-state and other energy-efficient lighting market value chain comprises many entities from lighting component manufacturers to technology providers. Products and devices are distributed by specialized distributors that are into lighting and related fields. Some of the manufacturers that have a strong presence across the concerned geographic regions have a built-in distribution network. Distributors and manufacturers often establish partnerships with distributors across various regions having expertise in products and services concerned with solid-state and other energy-efficient lighting because of the lack of knowledge of networking. These distributors are key points of contact for professional and custom installers. They consist of a strong network of system integrators, which include custom system integrators, dealers, business models, and contractors.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" 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.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441



# # #


Submitted by stevestark002 on Thursday, 13 June 2019 at 7:09 PM
Category: Consumer Technology
 
Related News

MEAN WELL’s XLG-50 Series 50W LED Driver Featured in Latest FLS All in 1+ NPI Newsletter
Saturday, 22 Jun 2019

Future Electronics Wins 2018 Demand Creation Distributor of the Year Award from Abracon
Friday, 21 Jun 2019

Global Online Grocery Market for Future Trend 2024
Friday, 21 Jun 2019

Inventronics’ New ESD-480W Drivers Featured in Latest FLS All in 1+ NPI Newsletter
Friday, 21 Jun 2019

Acordis International Corp Announces Special Summer Promotions on their Exclusive Services
Thursday, 20 Jun 2019

Related Events

Digital Asset Management Europe 2019
Thursday, 27 Jun 2019

InfoAg International Conference and Exhibition, August 2019, Brazil
Wednesday, 28 Aug 2019

Greener by Design Conference 2019 RAeS in London - Thursday 7 November
Thursday, 7 Nov 2019

7th Eurasphalt ande Eurobitume Congress 2020 (E&E2020)
Tuesday, 12 May 2020

Latest News

Jacobson Pharma Announces FY2019 Annual Results
Tuesday, 25 Jun 2019

Auto chemical goods in Penza to buy for the car. We are the official representative of GRASS Company
Tuesday, 25 Jun 2019

How you can Uncover the perfect Private Trainer For your Targets
Tuesday, 25 Jun 2019

Guangzhou Sinotech Laser Machinery Co. Ltd becomes a multinational company by establishing a base in
Tuesday, 25 Jun 2019

Affordable Guarantee Rings
Tuesday, 25 Jun 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Tuesday, 25 June 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • International Metropolis Conference: Promise of Migration, Ottawa 2019
  • 18th Meeting of WSSFN, New York, June 24-27, 2019
  • GIIDS - GI Inflammatory Diseases Summit
  • 3rd CRISPR & NBT AgBio Congress 2019
  • Digital Pharma West

  • Latest Jobs
    Sorry, there are currently no entries posted here.