Global Solid State and Smart Lighting Market Trends Analysis and Forecasts

DALLAS, August 25, 2014 /PRNewswire/ --

RnRMarketResearch.com offers global smart lighting market and solid state lighting industry research reports with forecasts to 2020 and 2018 respectively. The smart lighting industry report, published in May 2014, is spread across 275 pages, whereas the solid state lighting market research is of 365 pages. The solid state lighting market is forecast to be worth $56.79 billion by 2018 whereas the smart lighting market is projected to hit $56.05 billion by 2020 in these reports.

Smart Lighting Market by Component (Relays, Occupancy Sensors, Actuators, Transmitters, Receivers), Lighting Type (LED, FL, CFL, HID), Connectivity Technology (Wired, Wireless), Application (Commercial, Industrial, Public, Government, Residential) & Geography - Global Forecast & Analysis to 2014-2020 research report says factors like continuing rapid rate of urbanization, increase in the mobility, energy cost are responsible for increasing demand of the smart lighting industry. Such factors have a direct impact on the economic, social and environmental parameters. The smart lighting industry has been focusing on providing better system-wide control over lighting in such a way that the consumption of lighting energy is automatically reduced as much as possible. The introduction of new wireless technologies offers expansion to the capabilities of lighting control.

Smart lighting relates to the lighting technology intended for energy efficiency with utilization of lighting control systems. In industrial, commercial as well as residential applications, lighting consumes around 40% of total energy cost. Hence the governments, industrialists, stakeholders are focusing on reducing the energy utilization by substituting traditional lighting with advanced energy-efficient lighting devices and technologies. Therefore, the demand for lighting control systems is increasing in a drastic way thereby, giving an exponential growth to the smart lighting industry. This report covers the "Global Smart Lighting Market" and all its market aspects with future opportunities, drivers, restraints and others in detail.

The report includes segmentation of the geographic market for smart lighting into five major regions: North America, South America, Europe, Asia Pacific and Rest of World. The recent smart lighting trends like internet enabled devices, integration of wireless technologies and others are also briefly explained in the report. The report talks about porter's five force analysis of the smart lighting markets along with the value chain analysis. It includes the most recent developments in the market under winning imperatives and burning issues and also describes the driving and restraining factors for the smart lighting industry.

Companies profiled in the smart lighting market report include Acuity Brands, Inc., Digital Lumens, Inc., Encelium Technologies, Inc., Honeywell International, Legrand S.A., Lutron Elecronics, Co., Osram Litch AG, Royal Philips Electronics N.V., Streetlight.Vision and Zumtobel AG. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=84917 .

The Solid State Lighting Market by Types (LED, OLED, and PLED), Application (General Lighting, Backlighting, Automotive, Medical), Verticals (Industrial, Residential, Consumer Electronics), Materials & Geography - Analysis & Forecast (2013-2018) research report says increasing demand for energy-saving and environment-friendly lighting technology is driving the growth of the global solid state and other energy efficient lighting systems market. The development of technologies such as optoelectronics has revolutionized the lighting market. Environmental concerns are driving the low-power-consuming lighting systems, and therefore most of the recent developments in the lighting market aim at providing more energy-efficient products that give higher light output at less power consumption.

OLED's has high market share in backlighting applications. Demand for OLED display has been accelerating as it has diverse applications and better display features. Going forward, with decreasing production costs, prices of OLED panels will decline and OLED will further penetrate the display market displacing LCD and LED display technologies. Many Asian companies have geared up to emerge as dominant players in the OLED equipment and materials market. The OLED based SSL is set to be one of the major Solid State Lighting technology in future with CAGR projected to exceed 25% in major applications such as general lighting, backlighting, automotive lighting and medical lighting.

Global solid state lighting market is expected to reach $56.79 billion by 2018, at an estimated CAGR of 18.7% from 2013 to 2018 with backlighting and general lighting application contributing to the global solid state lighting applications market with a share of 87% in 2012 and is expected to record high growth in coming years. APAC is the leading region in the overall solid state lighting market with 50% of market share in 2012; followed by North America and Europe with 23.9% and 19.9% each in 2012. In ROW, Russia, Brazil and the Middle East are the largest contributors with total share of 6.3% occupied in global solid state lighting market. Complimentary technologies market that aid lighting industry such as eco-friendly and non eco-friendly technologies are provided in the report. Value chain analysis, product lifecycle and cost benefit analysis are briefly explained in the report. The report deals with detailed analysis of geographical segmentation into North America, Europe, APAC and ROW.

Companies profiled in this solid state lighting industry report include Advanced Lighting Technologies Inc., Aixtron SE, Applied Materials Inc., Applied Science And Technology Research Institute (ASTRI) Company Ltd., Bridgelux Inc., Cambridge Display Technology Ltd., Citizen Electronics Co. Ltd., Cree Inc., Energy Focus Inc., Everlight Electronics Co, Ltd., Fairchild Semiconductor International Inc., GE Lighting Co., Intematix Corporation, LED Engin Inc., LG Innotek, Co. Ltd., Lustrous Technology Ltd., Mitsubishi Electric Corporation, Nichia Corporation, Osram Licht AG, Panasonic Corporation, Royal Philips Electronics N.V., Samsung LED Co. Ltd., Seoul Semiconductor Co. Ltd., Toyoda Gosei Co. Ltd., TCP Inc., Tridonic Gmbh& Co. Kg. and Veeco Instruments Inc. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=113651 .

Explore more reports on LED market as well as other electronics sectors at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics .

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