The Solid State Lighting Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Solid State Lighting Market?
The Solid State Lighting Global Market rapidly increased in size in recent years, going from a value of $44.97 billion in 2024 to an estimated $50.09 billion in 2025, progressing at a Compound Annual Growth Rate (CAGR) of 11.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Solid State Lighting Industry?
In 2029, the market for solid state lighting is predicted to reach $76.04 billion, representing a compound annual growth rate (CAGR) of 11.0%.
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What are the Key Growth Drivers Fueling the Solid State Lighting Market?
The key drivers in the solid state lighting market are:
• Rising demand for energy-efficient and energy-saving lighting solutions
• Increasing need for environmentally friendly lighting solutions
• Growth of government-supported industry consortiums
• Technological advancements and focus on human-centric lighting.
Global Market Segmentation: Identifying Major Solid State Lighting Industry Segments
The solid state lighting market covered in this report is segmented –
1) By Type: Light Emitting Diode (LED), Organic Light Emitting Diode (OLED), Polymer Light Emitting Diode (PLED)
2) By Installation Type: New Installation, Retrofit
3) By Applications: Indoor Lighting, Outdoor Lighting, Specialty Lighting
4) By Industry Vertical: Residential, Industrial And Commercial, Medical, Transportation, Other Industry Vertical
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What are the Emerging Trends Shaping the Future of the Solid State Lighting Market?
The key trends in the solid state lighting market are:
• Technological progress is a major upcoming trend in the solid state lighting market.
• A focus on human-centric lighting is increasingly influencing the market.
• The adoption of mini-LED and micro-LED technologies is a growing trend.
• Horticultural lighting and silicon-based LED technology also shape the future of the market.
Who Are the Top Competitors & Leading Players in the Solid State Lighting Market?
Major companies in the solid state lighting market are:
• Samsung Electronics Co. Ltd
• General Electric Company
• Panasonic Holdings Corporation
• Mitsubishi Electric Pvt. Ltd.
• Toshiba Corporation
• Everlight Electronics Co. Ltd.
• Koninklijke Philips N.V.
• Signify Holding B.V.
• Energy Focus Inc.
• OSRAM GmbH
• Hubbell Incorporated
• Acuity Brands Inc
• Stanley Electric Co.
• Zumtobel Group
• Seoul Semiconductor Co. Ltd.
• Cree LED
• Lumileds Holding B.V.
• Cooper Lighting LLC
• Bridgelux Inc.
• TCP Lighting
• Sanken Electric Co. Ltd.
• Intematix Corporation
• Seoul Viosys Co. Ltd.
• Phoenix Products LLC
• Nichia Corporation
Regional Dominance: Which Area Leads the Global Solid State Lighting Market?
Asia-Pacific was the largest region in the solid state lighting market in 2024
