Pune, Maharashtra, October 18, 2022 – Maximize Market Research, a leading market research firm, has released an analytical report titled “Solid State Lighting Market in 2022”, which is a detailed analysis of primary research and a comprehensive study of secondary research. According to MMR analysis, the global solid state lighting market is expected to reach $253.68 billion by 2029, with a CAGR of 5.6%. The report systematically highlights the analytical understanding of the market, as well as its changing landscape, industry environment and all the main characteristics of the market. The research methodology has been applied to study the global Solid State Lighting market and these results have been validly mentioned in the report.
Lighting using LEDs, organic light emitting diodes (OLEDs), or light emitting polymers is called solid state lighting. Unlike incandescent or fluorescent lamps, solid state lighting uses a filament and gas enclosed in a glass envelope to generate light, and also uses semiconductors to convert energy into light. LEDs have been around for over 50 years, but it wasn’t until the early 2000s that they began to be used as indicator lights in electrical equipment.
Initially LEDs were used in signaling applications such as traffic lights and exit signs and later in limited light applications such as flashlights, LEDs are now used in almost all general lighting applications, from homes to commercial buildings and outdoor lighting. Solid state lighting is commonly used in modern automotive headlights, street and parking lighting, railway signs, architectural exteriors, remote controls, and other applications. Non-image optics concepts can be used to more effectively control the light output of LEDs. Solid state lighting has made huge strides in the lighting industry. In the entertainment lighting industry, solid state luminaires are replacing traditional tungsten halogen incandescent lamps.
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By 2030, LEDs could halve energy consumption for general lighting, saving money and carbon footprint. Their unique properties such as small size, long life, easy maintenance, resistance to breakage and vibration, high performance at low temperatures, no IR or UV radiation, and instant on, make them useful in various lighting applications. The LED lights can also be dimmed and customized to match the color. LEDs differ in that they emit light in a certain direction without the use of reflectors and diffusers that reduce efficiency. On the other hand, “bulb” shaped fluorescent and incandescent lamps emit light in all directions, with the result that much of the light produced is lost inside the luminaire or escapes in directions that are useless for its intended use. Only 50 to 60 percent of all light comes from a few types of fixtures, including recessed ceiling lights, troffers and under cabinet lights.
In addition, LED light sources can be dimmed and programmed in real time and can be easily integrated with sensors and control systems for additional energy savings through presence detection, daylight harvesting and local light level control. In addition, the possibility of high-speed modulation of solid-state light sources opens up new possibilities and functions, such as indoor positioning capabilities, and LED technology promises full color control across the entire spectral range. Because LEDs are sensitive to temperature and electrical conditions, LEDs must be properly integrated into lighting fixtures. Even the best LED luminaires are poorly designed and their efficiency is only a fraction of that of a well-designed luminaire, and such design can also affect lumen maintenance.
Additive manufacturing, also known as 3D printing, can create almost any shape or geometry from digital model data. Bath photopolymerization (such as stereolithography), material extrusion, material spraying, and other 3D printing techniques are currently available. One of the benefits of SSL 3D printing is the ability to design unique lighting fixtures to match a building’s architectural features and then “print” or manufacture them on site for quick installation. 3D printing is also useful at the component level of fixtures. Radiators can be built into the body of the jig rather than added later, reducing the size and cost of the jig while enhancing its aesthetics. 3D printing enables low-cost, high-quality custom lighting and components to be produced on site. 3D printed lighting systems can reduce the carbon footprint and increase the sustainability of LED lighting by eliminating the need to manufacture and ship fixtures worldwide. 3D printing of lighting systems could restore production in the region and create jobs that will benefit the local economy.
Asia Pacific dominated the market in 2021 and is expected to grow rapidly during the forecast period. In addition to expanding operations in the region, market suppliers in Japan and China are investing heavily to support the growing applications of LEDs such as disinfection and sterilization. Moreover, semiconductor production growth and production expansion are driving the growth of the market in this segment.
The growing use of solid-state lighting for indoor and outdoor lighting in developing countries such as India and China is driving the development of the industry in the Asia-Pacific region. The growing demand for warehouse lighting due to the growing industrialization and expansion of the automotive industry in China and India is expected to drive the growth of the market. Japan’s Nichia Corporation, a leading manufacturer, launched its 280nm NCSU334A Deep Blue UV LED in April 2019, designed to meet the mass market’s demand for air disinfection and water purification using solid-state lighting. In addition, the company has made great strides in the development of UVA LEDs specifically designed for polymer curing.
Maximize Market Research explores 6,500 fast-growing new technologies and opportunities and manufacturing sectors such as chemicals, healthcare, pharmaceuticals, electronics and communications, IoT, food and beverage, aerospace, and defense. The positioning of the maximum market research is to estimate and predict the size of the market based on the competitive environment of the industry.
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Post time: Nov-06-2022