Solid State Lighting Market 2021-2027 Trends, Research Report, Growth Trends, Opportunities, Forecast to 2027

The global solid state lighting market is valued at $3.65 billion in 2019 and is expected to reach $74.25 billion in 2027, with an annual average growth of 12% from 2021 to 2027. Solid state lighting devices consist of semiconductors that convert electricity into light. Solid state lighting devices generate visible light through electroluminescence, a phenomenon in which a specially manufactured semiconductor diode emits light when passing an electric current. Solid state lighting is used in a variety of applications due to its various advantages such as long life, better light output quality, intrinsically safe, small size and high durability. Therefore, these factors are expected to strengthen the solid state lighting market during the forecast period.

Solid State Lighting Market- Segmentation

By Type

• Light Emitting Diodes (LED)
• Organic Light Emitting Diodes (OLED)
• Polymer Light Emitting Diodes (PLED)

By Installation Type

• New Installation
• Retrofit

By Application

• Indoor Lighting
• Outdoor Lighting
• Specialty Lighting

By Industry Vertical

• Residential
• Industrial and Commercial
• Medical
• Transportation
• Others

Key players

• Cree, Inc.
• Energy Focus Inc.
• General Electric Company
• Nichia Corporation
• Osram Licht AG
• Royal Philips Electronics N.V.
• Samsung Electronics Co., Ltd.
• Seoul Semiconductor Co. Ltd.
• Sharp Corporation
• Toshiba Corporation

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Solid State Lighting Market Report

• What was the Solid State Lighting Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Solid State Lighting Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Solid State Lighting Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.