Research and Markets: Solid-State Lighting & Fluorescent Lighting Market by Technology, Type of Installation, Application, Vertical, & Geography – Forecast to 2020
May 28, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/d8m8cx/solidstate) has announced the addition of the “Solid-State Lighting & Fluorescent Lighting Market by Technology, Type of Installation, Application, Vertical, & Geography – Forecast to 2020” report to their offering.
Traditional lighting technologies such as incandescent lamps, halogens, and fluorescent lighting are witnessing a decline due to increasing awareness of consumers regarding benefits of the Solid-State Lighting Market technology. This trend is more in developed countries such as the US, Japan, and EU countries. The developing countries such as China, India, and regions such as the Middle East are expected to exhibit high adoption rates for these technologies.
The Solid-State Lighting Market size is projected to reach $22.2 billion by 2020, growing at a CAGR of 7.31% from 2015 to 2020. The market size for fluorescent lighting is estimated to be $24.5 billion by 2020, at a CAGR of -3.56% from 2015 to 2020.
Governments from developed countries and regions such as the US and the EU plan to ban incandescent bulbs and adopt energy-efficient and eco-friendly technologies such as LED. For instance, the European Commission has planned to phase out halogen lamps from the European Union by 2018. The Fluorescent Lighting Market is currently the most popular technology in the market for lighting applications. This technology is more energy-efficient than incandescent lamps and halogens, and generates minimal heat. Fluorescent lighting makes use of mercury vapor; however, as mercury is poisonous, broken fluorescent lamps can be an environmental hazard. Thus, the disposal of used FL products is a major concern for governments all over the world.
The Solid-State Lighting Market is an emerging technology with a high growth potential across several lighting applications, including general lighting, automotive lighting, and medical lighting, among other applications. LEDs were initially used for signage, traffic lights, and backlighting. With further research and development in the field of optoelectronics and the introduction of LEDs capable of emitting white light, more market opportunities have been created for SSL, particularly in general lighting and automotive lighting.
Key Topics Covered
- Introduction
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Industry Trends
- Market Analysis, By Technology
- SSL and FL Lighting Market, By Installation Type
- Solid-State Lighting Market, By Application
- Solid-State Lighting Market, By Industry Vertical
- Geographic Analysis
- Competitive Landscape
- Company Profiles
- Appendix
Companies Mentioned
- Acuity Brands Lighting
- Advanced Lighting Technologies
- Aixtron
- Applied Materials
- Applied Science and Technology Research Institute
- Bridgelux
- Cambridge Display Technology
- Citizen Electronics
- Cree
- Eaton Corporation
- Energy Focus
- Everlight Electronics
- Fairchild Semiconductor International
- General Electric
- Intematix
- LG Innotek
- LED Engin
- Lumenpulse
- Lustrous Technology
- Mitsubishi Electric
- Nichia
- Osram Licht
- Panasonic
- Royal Philips Electronics
- Samsung Electronics
- Seoul Semiconductor
- TCP International
- Toyoda Gosei
- Tridonic
- Veeco Instruments
For more information visithttp://www.researchandmarkets.com/research/d8m8cx/solidstate.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150528006484/en/
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