Global Solid-State and Other Energy-Efficient Lighting market are projected to reach 191.63 billion by 2025 from an estimated value of 132.97 billion in 2017, growing at a CAGR of 4.7% from 2018 to 2025.
Solid-state and other energy-efficient lightings are a source of illumination which uses various components such as semiconductor LEDs and organic LEDs. It is an alternative to the incandescent bulbs. Solid state and other energy-efficient lightings are widely used automotive, general and backlighting. The solid state and other energy efficient lightings are beneficial due to its small size and inherent controllability.
The scope of greater energy savings compared to other forms of lighting and increasing government initiatives are the two main factors driving the global solid-state and other energy-efficient lighting markets. Other than this, a high cost of implementation and installation could hamper the overall growth rate of the market at a global level.
The “Global Solid-State and Other Energy-Efficient Lighting Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Osram Licht AG, Royal Philips Electronics N.V., Seoul Semiconductor Co., Ltd., General Electric Company, Nichia Corporation, Aixtron Se, Bridgelux, Inc. and Cree, Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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