Solid State Lighting Market Size, Share, Trends, Demand and Growth Forecast to 2023

25/giu/2018 12:20:12 Nasir Jones Contatta l'autore

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Emerging from the emerging solid state lighting technology. Long life, efficient design and low energy consumption. Of light emitting diodes has resulted in better productivity and increased brightness, which are some of the factors contributing to the growth of solid state lighting technology.

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The features of LED light such as pleasant Which makes them suitable for ambient lighting and their long life (8 to 10 years with 13 to 17 years of productive daily use), makes the  solid state lighting market  highly productive.

The global solid state lighting market can be segmented on the basis of technology, installation, application, and end-users. On the basis of technology, the solid state lighting can be divided into light emitting diode (LED) and organic light emitting diode (OLED). Solid state lighting can be segmented into new installation and retrofit.

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Based on application, the market can be categorized into automotive lighting, medical lighting, general lighting, backlighting, and others. On the basis of end-users, the market is segmented into residential, industrial, educational, medical, transportation, consumer electronics, and commercial industries. The general lighting segment dominates the global solid-state lighting market, however the automotive lighting application is expected to experience significant growth in the near future.

Technological developments in the last decade have increased the application of light emitting diodes into exit signs and traffic lights, and in some partial illumination applications, such as flashlights. Solid state lighting technology and further extending the technology to be used in homes and commercial areas.

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OSRAM Licht AG, Koninklijke Philips NV, NICHIA CORPORATION, GENERAL ELECTRIC, Bridgelux, Inc., CITIZEN ELECTRONICS CO. LTD, Acuity Brands Lighting, Inc., LED ENGIN, INC. Energy Focus, and Seoul Semiconductor Co. Ltd.

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