SSL Devices Market Share, Size, Trends, and Forecast by 2031

MARKET INTRODUCTION

Solid-state lighting (SSL) attributes to a variety of lighting that employs semiconductor light-emitting diodes (LEDs), polymer light-emitting diodes (PLEDs) or organic light-emitting diodes (OLEDs) rather than electric filaments, plasma (used in arc lamps), or gas as light source. The introduction of the solid state lighting system has substituted traditional incandescent and fluorescent lamps for general lighting uses. Over the last couple of decades, the demand for SSL devices has registered strong growth rates with significant CAGR. According to the study, the demand for SSL devices is expected to expand more aggressively during the forecast period and with a higher revenue share, may also affect the global economic structure.

MARKET DYNAMICS

High resolution and energy efficient factors are expected to drive the growth of the SSL devices market. However, the issues related to high costs may restrain the growth of the SSL devices market. Furthermore, the continuous enhancements in efficiency and life span of SSL devices is further going to create market opportunities for the SSL devices market during the forecast period.

MARKET SCOPE

The "SSL devices Market Analysis to 2031" is a specialized and in-depth study of the SSL devices market with a special focus on the global market trend analysis. The report aims to provide an overview of SSL devices market with detailed market segmentation by type, application, and geography. The SSL devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading SSL devices market players and offers key trends and opportunities in the SSL devices market.

MARKET SEGMENTATION

The SSL devices market is segmented on the basis of type, and application. On the basis of type, the market is segmented into white type, fluorescent light type, and others. On the basis of application, the market is segmented into residential sector, commercial sector, industrial sector.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the SSL devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The SSL devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting SSL devices market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the SSL devices market in these regions.

MARKET PLAYERS

The reports cover key developments in the SSL devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from SSL devices market are anticipated to lucrative growth opportunities in the future with the rising demand for SSL devices market. Below mentioned is the list of few companies engaged in the SSL devices market.

The report also includes the profiles of key SSL devices market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  GE Electric
  
•  Koninklijke Philips N.V.
  
•  OSRAM GmbH
  
•  Panasonic Corporation
  
•  SANKEN ELECTRIC CO.,LTD.
  
•  Schneider Electric
  
•  Sharp Corporation
  
•  Siemens
  
•  STANLEY ELECTRIC CO., LTD.
  
•  Toshiba Corporation
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

SSL Devices Report Scope