The
solid-state and other energy-efficient lighting
market was valued at USD 118.29 Billion in
2015 and is expected to reach USD 174.45 Billion by 2022, growing at a CAGR of
5.38% during the forecast period. The growth of this market is propelled by
several factors such as rising demand for environment-friendly lighting
technologies, reduction in the overall maintenance costs of solid-state and
other energy-efficient lighting products, and increased infrastructure growth
in various developing countries such as India, China, and South Korea.
The
major opportunities for this market are growing adoption of LED lighting in the
automotive industry and development of wireless technology. Some of the major
players operating in the solid-state and other energy-efficient lighting market
are OSRAM Licht AG (Germany), Royal Philips Electronics N.V. (Netherlands),
Seoul Semiconductor Co., Ltd. (South Korea), General Electric Company (U.S.),
Nichia Corporation (Japan), AIXTRON SE (Germany), Applied Materials, Inc.
(U.S.), Applied Science and Technology Research Institute Company Limited (Hong
Kong), Bridgelux, Inc. (U.S.), Cree, Inc. (U.S.), Acuity Brands, Inc. (U.S.),
Advanced Lighting Technologies, Inc. (U.S.), Energy Focus, Inc. (U.S.),
Intematix Corporation (U.S.), LED Engin, Inc. (U.S.), Toyoda Gosei Co., Ltd.
(Japan), TCP International Holdings Ltd. (Switzerland), Topanga Technologies,
Inc. (U.S.), Ceravision Ltd (U.K.), and Bright Light Systems, Inc. (Georgia).
OSRAM
Licht AG (Germany) was ranked first in the solid-state and other
energy-efficient lighting market. The company focuses on strategies such as new
product launches and acquisitions to grow in the market. In July 2016, the
company signed an agreement with LEDVANCE (China) to grow its sales and
distribution network. In November 2015, the company opened a new application
center in Shanghai. This brings OSRAM closer to business customers in the Asian
region. The company has diversified business operations along with a strong
portfolio of lighting solutions in the solid-state and other energy-efficient
lighting market.
Royal
Philips Electronics N.V. (Netherlands) was ranked second in the solid-state and
other energy-efficient lighting market. The company focuses on strategies such
as new product launches and collaborations. In May 2015, the company launched
ActiveSite, a cloud-based connected lighting management platform. It allows the
company’s architectural LED lighting systems to be monitored, maintained, and
managed remotely, and its content can be uploaded from anywhere in the world.
Also, in April 2015, the company collaborated with Tandus Centiva (U.S.) to
develop luminous carpets using LED technology.
The
solid-state and other energy-efficient lighting market value chain comprises
many entities from lighting component manufacturers to technology providers.
Products and devices are distributed by specialized distributors that are into
lighting and related fields. Some of the manufacturers that have a strong
presence across the concerned geographic regions have a built-in distribution
network. Distributors and manufacturers often establish partnerships with
distributors across various regions having expertise in products and services
concerned with solid-state and other energy-efficient lighting because of the
lack of knowledge of networking. These distributors are key points of contact
for professional and custom installers. They consist of a strong network of
system integrators, which include custom system integrators, dealers, business
models, and contractors.
About MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche opportunities/threats
which will impact 70% to 80% of worldwide companies’ revenues. Currently
servicing 7500 customers worldwide including 80% of global Fortune 1000
companies as clients. Almost 75,000 top officers across eight industries
worldwide approach MarketsandMarkets™ for their painpoints around revenues
decisions.
Our
850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high
growth markets following the "Growth Engagement Model – GEM". The GEM
aims at proactive collaboration with the clients to identify new opportunities,
identify most important customers, write "Attack, avoid and defend"
strategies, identify sources of incremental revenues for both the company and
its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™
INC.
630 Dundee Road
Suite 430
Northbrook, IL
60062
USA:
1-888-600-6441
newsletter@marketsandmarkets.com
No comments:
Post a Comment