Solid State and Other Energy Efficient Lighting Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for solid state and other energy efficient lighting. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Market Size (2024E): USD 172.2 Million
Projected Market Value (2033F): USD 312.2 Million
Global Market Growth Rate (CAGR 2024 to 2033): 6.8%

Solid State and Other Energy Efficient Lighting Market - Report Scope:

Solid state and other energy efficient lighting technologies are critical in reducing energy consumption and enhancing lighting efficiency across various applications. These technologies include Light Emitting Diodes (LEDs), Organic LEDs (OLEDs), and other advanced lighting systems designed to offer superior performance and energy savings. The market caters to residential, commercial, industrial, and outdoor lighting sectors, providing a range of lighting solutions that contribute to sustainability and cost-effectiveness. Market growth is driven by the increasing adoption of energy-efficient lighting solutions, rising environmental concerns, and advancements in lighting technology that enhance product performance and durability.

Market Growth Drivers:

The global solid state and other energy efficient lighting market is propelled by several key factors, including the growing awareness about energy conservation and the environmental impact of traditional lighting solutions. The transition from incandescent and fluorescent lighting to LED and other energy-efficient technologies is driven by stringent government regulations and policies promoting energy efficiency. Technological advancements, such as the development of smart lighting systems and integrated lighting solutions, offer enhanced control, reduced energy consumption, and improved user experiences, fostering market growth. Moreover, the increasing investment in infrastructure development and urbanization initiatives worldwide creates substantial demand for energy-efficient lighting solutions across various sectors.

Market Restraints:

Despite promising growth prospects, the solid state and other energy efficient lighting market faces challenges related to high initial costs, technological complexities, and market penetration barriers in certain regions. The relatively higher upfront investment required for energy-efficient lighting systems, compared to conventional lighting solutions, poses a challenge for widespread adoption, particularly in cost-sensitive markets. Additionally, the complexity of integrating advanced lighting technologies into existing infrastructure and the need for skilled professionals for installation and maintenance can hinder market growth. Addressing these challenges requires continued innovation, cost reduction strategies, and enhanced market education to promote the benefits and long-term savings of energy-efficient lighting solutions.

Market Opportunities:

The solid state and other energy efficient lighting market presents significant growth opportunities driven by technological innovations, increasing adoption of smart lighting solutions, and expanding applications across various sectors. The integration of Internet of Things (IoT) technology in lighting systems enables advanced features such as remote control, automation, and energy management, enhancing the value proposition of energy-efficient lighting solutions. Furthermore, the growing focus on sustainable building practices and green certifications drives the demand for energy-efficient lighting in new construction and retrofitting projects. Strategic partnerships, investment in research and development, and the introduction of cost-effective, high-performance lighting solutions are essential to capitalize on emerging opportunities and sustain market leadership in the dynamic lighting landscape.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the solid state and other energy efficient lighting market globally?
Which lighting technologies and applications are driving adoption across different sectors?
How are technological advancements reshaping the competitive landscape of the solid state and other energy efficient lighting market?
Who are the key players contributing to the market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global solid state and other energy efficient lighting market?

Competitive Intelligence and Business Strategy:

Leading players in the global solid state and other energy efficient lighting market, including Philips Lighting Holding B.V., Cree Inc., and Osram Licht AG, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced lighting solutions, including smart lighting systems, high-efficiency LEDs, and OLEDs, catering to diverse application needs and consumer preferences. Collaborations with construction companies, urban planners, and regulatory bodies facilitate market access and promote technology adoption. Moreover, emphasis on sustainability, energy savings, and user education fosters market growth and enhances adoption of energy-efficient lighting solutions in the rapidly evolving lighting landscape.

Key Companies Profiled:

Wolfspeed Inc.
Energy Focus Inc.
Ge Lighting
Koninklijke Philips N.V.
Mitsubishi Electric Corporation
Osram Licht Ag
Samsung Electronics Co. Ltd.
Seoul Semiconductor Co. Ltd.
Sharp Corporation
Toshiba Corporation

Key Segments Profiled in the Global Solid State And Other Energy Efficient Lighting Market:

By Region:

North America
Latin America
Europe
Asia Pacific
The Middle East and Africa

By Application:

Oil and Gas
Chemical, Mining

By Installation:

New Installation
Retrofit Installation

By Technology:

Hid Lighting
Plasma
Induction Lighting
Solid-State Lighting
Fluorescent Lighting

Product Code: PMRREP33507

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics
- 3.1.1. Drivers
- 3.1.2. Restraints
- 3.1.3. Opportunity
- 3.1.4. Trends
3.2. Scenario Forecast
- 3.2.1. Demand in Optimistic Scenario
- 3.2.2. Demand in Likely Scenario
- 3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter's Analysis
3.6. Regulatory Landscape
- 3.6.1. By Key Regions
- 3.6.2. By Key Countries
3.7. Regional Parent Market Outlook

4. Global Solid State and Other Energy Efficient Lighting Analysis 2019-2023 and Forecast, 2024-2033

4.1. Historical Market Size Value (US$ Mn) Analysis, 2019-2023
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2024-2033
- 4.2.1. Y-o-Y Growth Trend Analysis
- 4.2.2. Absolute $ Opportunity Analysis

5. Global Solid State and Other Energy Efficient Lighting Analysis 2019-2023 and Forecast 2024-2033, By Application

5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) Analysis By Application, 2019-2023
5.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Application, 2024-2033
- 5.3.1. Backlighting
- 5.3.2. Medical Lighting
- 5.3.3. Projector and Emergency Lighting
- 5.3.4. General Lighting
- 5.3.5. Automotive Lighting
5.4. Y-o-Y Growth Trend Analysis By Application, 2019-2023
5.5. Absolute $ Opportunity Analysis By Application, 2024-2033

6. Global Solid State and Other Energy Efficient Lighting Analysis 2019-2023 and Forecast 2024-2033, By Installation

6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) Analysis By Installation, 2019-2023
6.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Installation, 2024-2033
- 6.3.1. New Installation
- 6.3.2. Retrofit Installation
6.4. Y-o-Y Growth Trend Analysis By Installation, 2019-2023
6.5. Absolute $ Opportunity Analysis By Installation, 2024-2033

7. Global Solid State and Other Energy Efficient Lighting Analysis 2019-2023 and Forecast 2024-2033, By Technology

7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) Analysis By Technology , 2019-2023
7.3. Current and Future Market Size Value (US$ Mn) Analysis and Forecast By Technology , 2024-2033
- 7.3.1. Hid Lighting
- 7.3.2. Plasma
- 7.3.3. Induction Lighting
- 7.3.4. Solid-State Lighting
- 7.3.5. Fluorescent Lighting
7.4. Y-o-Y Growth Trend Analysis By Technology , 2019-2023
7.5. Absolute $ Opportunity Analysis By Technology , 2024-2033

8. Global Solid State and Other Energy Efficient Lighting Analysis 2019-2023 and Forecast 2024-2033, By Region

8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) Analysis By Region, 2019-2023
8.3. Current Market Size Value (US$ Mn) Analysis and Forecast By Region, 2024-2033
- 8.3.1. North America
- 8.3.2. Latin America
- 8.3.3. Europe
- 8.3.4. Asia Pacific
- 8.3.5. MEA
8.4. Market Attractiveness Analysis By Region

9. North America Solid State and Other Energy Efficient Lighting Analysis 2019-2023 and Forecast 2024-2033, By Country

9.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
9.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 9.2.1. By Country
  - 9.2.1.1. U.S.
  - 9.2.1.2. Canada
- 9.2.2. By Application
- 9.2.3. By Installation
- 9.2.4. By Technology
9.3. Market Attractiveness Analysis
- 9.3.1. By Country
- 9.3.2. By Application
- 9.3.3. By Installation
- 9.3.4. By Technology
9.4. Key Takeaways

10. Latin America Solid State and Other Energy Efficient Lighting Analysis 2019-2023 and Forecast 2024-2033, By Country

10.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
10.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 10.2.1. By Country
  - 10.2.1.1. Brazil
  - 10.2.1.2. Mexico
  - 10.2.1.3. Rest of Latin America
- 10.2.2. By Application
- 10.2.3. By Installation
- 10.2.4. By Technology
10.3. Market Attractiveness Analysis
- 10.3.1. By Country
- 10.3.2. By Application
- 10.3.3. By Installation
- 10.3.4. By Technology
10.4. Key Takeaways

11. Europe Solid State and Other Energy Efficient Lighting Analysis 2019-2023 and Forecast 2024-2033, By Country

11.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
11.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 11.2.1. By Country
  - 11.2.1.1. Germany
  - 11.2.1.2. U.K.
  - 11.2.1.3. France
  - 11.2.1.4. Spain
  - 11.2.1.5. Italy
  - 11.2.1.6. Rest of Europe
- 11.2.2. By Application
- 11.2.3. By Installation
- 11.2.4. By Technology
11.3. Market Attractiveness Analysis
- 11.3.1. By Country
- 11.3.2. By Application
- 11.3.3. By Installation
- 11.3.4. By Technology
11.4. Key Takeaways

12. Asia Pacific Solid State and Other Energy Efficient Lighting Analysis 2019-2023 and Forecast 2024-2033, By Country

12.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
12.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 12.2.1. By Country
  - 12.2.1.1. China
  - 12.2.1.2. Japan
  - 12.2.1.3. South Korea
  - 12.2.1.4. Singapore
  - 12.2.1.5. Thailand
  - 12.2.1.6. Indonesia
  - 12.2.1.7. Australia
  - 12.2.1.8. New Zealand
  - 12.2.1.9. Rest of Asia Pacific
- 12.2.2. By Application
- 12.2.3. By Installation
- 12.2.4. By Technology
12.3. Market Attractiveness Analysis
- 12.3.1. By Country
- 12.3.2. By Application
- 12.3.3. By Installation
- 12.3.4. By Technology
12.4. Key Takeaways

13. MEA Solid State and Other Energy Efficient Lighting Analysis 2019-2023 and Forecast 2024-2033, By Country

13.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
13.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 13.2.1. By Country
  - 13.2.1.1. GCC Countries
  - 13.2.1.2. South Africa
  - 13.2.1.3. Israel
  - 13.2.1.4. Rest of MEA
- 13.2.2. By Application
- 13.2.3. By Installation
- 13.2.4. By Technology
13.3. Market Attractiveness Analysis
- 13.3.1. By Country
- 13.3.2. By Application
- 13.3.3. By Installation
- 13.3.4. By Technology
13.4. Key Takeaways

14. Key Countries Solid State and Other Energy Efficient Lighting Analysis

14.1. U.S.
- 14.1.1. Pricing Analysis
- 14.1.2. Market Share Analysis, 2024
  - 14.1.2.1. By Application
  - 14.1.2.2. By Installation
  - 14.1.2.3. By Technology
14.2. Canada
- 14.2.1. Pricing Analysis
- 14.2.2. Market Share Analysis, 2024
  - 14.2.2.1. By Application
  - 14.2.2.2. By Installation
  - 14.2.2.3. By Technology
14.3. Brazil
- 14.3.1. Pricing Analysis
- 14.3.2. Market Share Analysis, 2024
  - 14.3.2.1. By Application
  - 14.3.2.2. By Installation
  - 14.3.2.3. By Technology
14.4. Mexico
- 14.4.1. Pricing Analysis
- 14.4.2. Market Share Analysis, 2024
  - 14.4.2.1. By Application
  - 14.4.2.2. By Installation
  - 14.4.2.3. By Technology
14.5. Germany
- 14.5.1. Pricing Analysis
- 14.5.2. Market Share Analysis, 2024
  - 14.5.2.1. By Application
  - 14.5.2.2. By Installation
  - 14.5.2.3. By Technology
14.6. U.K.
- 14.6.1. Pricing Analysis
- 14.6.2. Market Share Analysis, 2024
  - 14.6.2.1. By Application
  - 14.6.2.2. By Installation
  - 14.6.2.3. By Technology
14.7. France
- 14.7.1. Pricing Analysis
- 14.7.2. Market Share Analysis, 2024
  - 14.7.2.1. By Application
  - 14.7.2.2. By Installation
  - 14.7.2.3. By Technology
14.8. Spain
- 14.8.1. Pricing Analysis
- 14.8.2. Market Share Analysis, 2024
  - 14.8.2.1. By Application
  - 14.8.2.2. By Installation
  - 14.8.2.3. By Technology
14.9. Italy
- 14.9.1. Pricing Analysis
- 14.9.2. Market Share Analysis, 2024
  - 14.9.2.1. By Application
  - 14.9.2.2. By Installation
  - 14.9.2.3. By Technology
14.10. China
- 14.10.1. Pricing Analysis
- 14.10.2. Market Share Analysis, 2024
  - 14.10.2.1. By Application
  - 14.10.2.2. By Installation
  - 14.10.2.3. By Technology
14.11. Japan
- 14.11.1. Pricing Analysis
- 14.11.2. Market Share Analysis, 2024
  - 14.11.2.1. By Application
  - 14.11.2.2. By Installation
  - 14.11.2.3. By Technology
14.12. South Korea
- 14.12.1. Pricing Analysis
- 14.12.2. Market Share Analysis, 2024
  - 14.12.2.1. By Application
  - 14.12.2.2. By Installation
  - 14.12.2.3. By Technology
14.13. Singapore
- 14.13.1. Pricing Analysis
- 14.13.2. Market Share Analysis, 2024
  - 14.13.2.1. By Application
  - 14.13.2.2. By Installation
  - 14.13.2.3. By Technology
14.14. Thailand
- 14.14.1. Pricing Analysis
- 14.14.2. Market Share Analysis, 2024
  - 14.14.2.1. By Application
  - 14.14.2.2. By Installation
  - 14.14.2.3. By Technology
14.15. Indonesia
- 14.15.1. Pricing Analysis
- 14.15.2. Market Share Analysis, 2024
  - 14.15.2.1. By Application
  - 14.15.2.2. By Installation
  - 14.15.2.3. By Technology
14.16. Australia
- 14.16.1. Pricing Analysis
- 14.16.2. Market Share Analysis, 2024
  - 14.16.2.1. By Application
  - 14.16.2.2. By Installation
  - 14.16.2.3. By Technology
14.17. New Zealand
- 14.17.1. Pricing Analysis
- 14.17.2. Market Share Analysis, 2024
  - 14.17.2.1. By Application
  - 14.17.2.2. By Installation
  - 14.17.2.3. By Technology
14.18. GCC Countries
- 14.18.1. Pricing Analysis
- 14.18.2. Market Share Analysis, 2024
  - 14.18.2.1. By Application
  - 14.18.2.2. By Installation
  - 14.18.2.3. By Technology
14.19. South Africa
- 14.19.1. Pricing Analysis
- 14.19.2. Market Share Analysis, 2024
  - 14.19.2.1. By Application
  - 14.19.2.2. By Installation
  - 14.19.2.3. By Technology
14.20. Israel
- 14.20.1. Pricing Analysis
- 14.20.2. Market Share Analysis, 2024
  - 14.20.2.1. By Application
  - 14.20.2.2. By Installation
  - 14.20.2.3. By Technology

15. Market Structure Analysis

15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
- 15.3.1. By Regional
- 15.3.2. By Application
- 15.3.3. By Installation
- 15.3.4. By Technology

16. Competition Analysis

16.1. Competition Deep Dive
- 16.1.1. Wolfspeed Inc.
  - 16.1.1.1. Overview
  - 16.1.1.2. Product Portfolio
  - 16.1.1.3. Profitability by Market Segments
  - 16.1.1.4. Sales Footprint
  - 16.1.1.5. Strategy Overview
    - 16.1.1.5.1. Marketing Strategy
- 16.1.2. Energy Focus Inc.
  - 16.1.2.1. Overview
  - 16.1.2.2. Product Portfolio
  - 16.1.2.3. Profitability by Market Segments
  - 16.1.2.4. Sales Footprint
  - 16.1.2.5. Strategy Overview
    - 16.1.2.5.1. Marketing Strategy
- 16.1.3. Ge Lighting
  - 16.1.3.1. Overview
  - 16.1.3.2. Product Portfolio
  - 16.1.3.3. Profitability by Market Segments
  - 16.1.3.4. Sales Footprint
  - 16.1.3.5. Strategy Overview
    - 16.1.3.5.1. Marketing Strategy
- 16.1.4. Koninklijke Philips N.V.
  - 16.1.4.1. Overview
  - 16.1.4.2. Product Portfolio
  - 16.1.4.3. Profitability by Market Segments
  - 16.1.4.4. Sales Footprint
  - 16.1.4.5. Strategy Overview
    - 16.1.4.5.1. Marketing Strategy
- 16.1.5. Mitsubishi Electric Corporation
  - 16.1.5.1. Overview
  - 16.1.5.2. Product Portfolio
  - 16.1.5.3. Profitability by Market Segments
  - 16.1.5.4. Sales Footprint
  - 16.1.5.5. Strategy Overview
    - 16.1.5.5.1. Marketing Strategy
- 16.1.6. Osram Licht Ag
  - 16.1.6.1. Overview
  - 16.1.6.2. Product Portfolio
  - 16.1.6.3. Profitability by Market Segments
  - 16.1.6.4. Sales Footprint
  - 16.1.6.5. Strategy Overview
    - 16.1.6.5.1. Marketing Strategy
- 16.1.7. Samsung Electronics Co. Ltd.
  - 16.1.7.1. Overview
  - 16.1.7.2. Product Portfolio
  - 16.1.7.3. Profitability by Market Segments
  - 16.1.7.4. Sales Footprint
  - 16.1.7.5. Strategy Overview
    - 16.1.7.5.1. Marketing Strategy
- 16.1.8. Seoul Semiconductor Co. Ltd.
  - 16.1.8.1. Overview
  - 16.1.8.2. Product Portfolio
  - 16.1.8.3. Profitability by Market Segments
  - 16.1.8.4. Sales Footprint
  - 16.1.8.5. Strategy Overview
    - 16.1.8.5.1. Marketing Strategy
- 16.1.9. Sharp Corporation
  - 16.1.9.1. Overview
  - 16.1.9.2. Product Portfolio
  - 16.1.9.3. Profitability by Market Segments
  - 16.1.9.4. Sales Footprint
  - 16.1.9.5. Strategy Overview
    - 16.1.9.5.1. Marketing Strategy
- 16.1.10. Toshiba Corporation
  - 16.1.10.1. Overview
  - 16.1.10.2. Product Portfolio
  - 16.1.10.3. Profitability by Market Segments
  - 16.1.10.4. Sales Footprint
  - 16.1.10.5. Strategy Overview
    - 16.1.10.5.1. Marketing Strategy