SSL and fluorescent lighting Market Report: Trends, Forecast and Competitive Analysis to 2030

SSL and fluorescent lighting Trends and Forecast

The future of the global SSL and fluorescent lighting market looks promising with opportunities in the general lighting, backlighting, automotive lighting, and medical lighting markets. The global SSL and fluorescent lighting market is expected to grow with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are governments' increasing awareness and support for the usage of ecologically efficient lighting technology, rising adoption of lighting products with long shelf-life along with robust design, and increased demand from the automotive sector.

A more than 150-page report is developed to help in your business decisions.

SSL and fluorescent lighting by Segment

The study includes a forecast for the global SSL and fluorescent lighting by product, application, and region.

SSL and fluorescent lighting Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Solid-State Lighting
• Fluorescent Lighting

SSL and fluorescent lighting Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• General Lighting
• Backlighting
• Automotive Lighting
• Medical Lighting
• Others

SSL and fluorescent lighting Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of SSL and fluorescent lighting Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies SSL and fluorescent lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the SSL and fluorescent lighting companies profiled in this report include-

• Ge Lighting
• Osram
• Panasonic
• Schnieder Electric
• Acuity Brands
• Bridgelux
• Cree
• Dialight
• Eaton
• Emerson Electric

SSL and fluorescent lighting

Lucintel forecasts that solid-state lighting is expected to witness highest growth over the forecast period due to greater use and growing appeal of LEDs as a result of the benefits offered by various segments globally.

APAC will remain the largest region over the forecast period due to rapid industrial and infrastructure development in emerging nations such as India and China.

Features of the Global SSL and fluorescent lighting Market

Market Size Estimates: Ssl and fluorescent lighting market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Ssl and fluorescent lighting market size by product, application, and region in terms of value ($B).

Regional Analysis: Ssl and fluorescent lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for the SSL and fluorescent lighting market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the SSL and fluorescent lighting market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for SSL and fluorescent lighting market?

Answer: The global SSL and fluorescent lighting market is expected to grow with a CAGR of 4.6% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the SSL and fluorescent lighting market?

Answer: The major drivers for this market are governments' increasing awareness and support for the usage of ecologically efficient lighting technology, rising adoption of lighting products with long shelf-life along with robust design, and increased demand from the automotive sector.

Q3. What are the major segments for SSL and fluorescent lighting market?

Answer: The future of the global SSL and fluorescent lighting market looks promising with opportunities in the general lighting, backlighting, automotive lighting, and medical lighting markets.

Q4. Who are the key SSL and fluorescent lighting market companies?

Answer: Some of the key SSL and fluorescent lighting companies are as follows:

• Ge Lighting
• Osram
• Panasonic
• Schnieder Electric
• Acuity Brands
• Bridgelux
• Cree
• Dialight
• Eaton
• Emerson Electric

Q5. Which SSL and fluorescent lighting market segment will be the largest in future?

Answer: Lucintel forecasts that solid-state lighting is expected to witness highest growth over the forecast period due to greater use and growing appeal of LEDs as a result of the benefits offered by various segments globally.

Q6. In SSL and fluorescent lighting market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rapid industrial and infrastructure development in emerging nations such as India and China.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the SSL and fluorescent lighting market by product (solid-state lighting and fluorescent lighting), application (general lighting, backlighting, automotive lighting, medical lighting, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?