Solid-State Lighting Market worth $22.2 Billion and Fluorescent Lighting Market $24.5 Billion - 2020

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MarketsandMarkets Presents
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 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.
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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. LEDs were
initially 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. Sample pages of the
Report http//www.marketsandmarkets.com/requests
ample.asp?id1234 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.
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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 Porters
five forces analysis, value chain with a detailed
process flow diagram, and market dynamics such as
drivers, restraints, opportunities, and
challenges for the SSL FL 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. Report
Information http//www.marketsandmarkets.com/Ma
rket-Reports/solid-state-lighting-market-1234.html
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).
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