Global SSL and Fluorescent Lighting Market Growth 2023-2029

Global SSL and Fluorescent Lighting Market Growth 2023-2029

Solid-State Lighting (SSL) products such as LED, OLED, and CFL consumes very less energy and makes less dissipation of heat compared to traditional lighting systems such as incandescent offering increased illumination for a range of lighting applications. SSL are suitable for low-space applications such as automotive lighting.

LPI (LP Information)' newest research report, the “SSL and Fluorescent Lighting Industry Forecast” looks at past sales and reviews total world SSL and Fluorescent Lighting sales in 2022, providing a comprehensive analysis by region and market sector of projected SSL and Fluorescent Lighting sales for 2023 through 2029. With SSL and Fluorescent Lighting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SSL and Fluorescent Lighting industry.

This Insight Report provides a comprehensive analysis of the global SSL and Fluorescent Lighting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on SSL and Fluorescent Lighting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global SSL and Fluorescent Lighting market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SSL and Fluorescent Lighting and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global SSL and Fluorescent Lighting.

The global SSL and Fluorescent Lighting market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The increasing demand for environmentally-friendly lighting technologies coupled with low energy consumption are key factors that drive the growth of the global SSL and other energy-efficient lighting systems market. The adoption of lighting products with long shelf-life along with robust design of these for better efficiency are the other factors that will boost the growth of the market. Furthermore, various government initiatives promoting the use of SSL technologies over conventional lighting are the factors that will foster the solid-state lighting and fluorescent lighting market. SSL technologies that can be used for limited or small spaces are other factors that will fuel the growth of the market. The high initial cost of equipment giving SSL & FL technologies along with lack of efficiency in heat sensitive applications are the factors that will hamper the growth of the market. Lighting applications in commercial and residential buildings will offer ample growth opportunities to the solid-state lighting and fluorescent lighting market. Continual R&D activities in the domain of optoelectronics and high brightness LEDs which can emit white light giving natural feel are the factors that will offer more market opportunities for SSL, particularly in general automotive lighting segment.

This report presents a comprehensive overview, market shares, and growth opportunities of SSL and Fluorescent Lighting market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Solid-State Lighting
Fluorescent Lighting

Segmentation by application
General Lighting
Backlighting
Automotive Lighting
Medical Lighting
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE Lighting
OSRAM
Panasonic
Schnieder Electric
Acuity Brands
Bridgelux
Cree
Dialight
Eaton
Emerson Electric
Everlight Electronics
Toshiba
Toyoda Gosei

Key Questions Addressed in this Report

What is the 10-year outlook for the global SSL and Fluorescent Lighting market?

What factors are driving SSL and Fluorescent Lighting market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do SSL and Fluorescent Lighting market opportunities vary by end market size?

How does SSL and Fluorescent Lighting break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.