The 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 global solid state and other energy efficient lighting systems market is expected to grow from $33,630.3 million in 2010 to $53,469.5 million in 2015, at an estimated CAGR of 9.7% from 2010 to 2015.
Amongst all the market segments, the compact fluorescent lamps command the largest share in terms of revenues, while light emitting diode is the second largest market due to the globally increasing demand for energy efficient lighting, which, in turn, has arisen due to the shift of the governments’ focus worldwide towards environmental concern to protect the planet from global warming. While light emitting diode contributed 31.2% to the global solid state and other energy efficient lighting systems market revenues in 2010, organic light emitting diode market is expected to have the highest CAGR of 44.0% from 2010 to 2015
Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=120
The U.S offers a lucrative market to solid state and energy efficient lighting manufacturers as it is to grow at a CAGR of 10.7% from 2010 to 2015. The Asia Pacific is the largest market in the world and has 44.7% share of the global market revenues. Europe comes second in revenues and has the second highest CAGR
Industry participants with the most significant product developments include Philips, Osram, General Electrics, Nichia, Cree, Samsung, and so on. Major players also differ from one technology to other. Philips, Osram, and General Electrics are the largest players in CFL market. However, in light emitting diode market, Nichia, Osram, Lumileds, Cree, and Samsung are the largest players.
MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.
M&M covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website www.marketsandmarkets.com
North - Dominion Plaza,
Suite 800, Dallas, TX 75252