Top 20 Companies in Solid State and Other Energy Efficient Lighting Market Worldwide 2025: Market Research Report (2024–2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Solid State and Other Energy Efficient Lighting Market Size is projected to Grow from USD 50.37 Billion in 2024 to USD 173.02 Billion by 2035, at a CAGR of 11.87% during the forecast period 2025–2035. The growing awareness of energy-efficient lighting technologies is fueling this market's expansion. According to technology, installation type, application, offering, and region, the report's goal is to define, characterize, and project the size of the solid-state and other energy-efficient lighting market.
Introduction
The Global Solid State and Other Energy Efficient Lighting Market is the sector responsible for the design, manufacturing, and use of lighting systems that maximize operating life and performance while using the least amount of total energy, and it represents the international community's drive to improve energy efficiency across consumer habits. The global solid state and other energy efficient lighting market covers solid state lighting, such as light-emitting diodes (LEDs), organic light emitting diodes (OLEDs), to polymer light-emitting diodes (PLEDs) as well as other efficient systems, including, but not limited to compact fluorescent lamps (CFLs), high-intensity discharge (HID) lamps, and halogen lighting. These systems are widely deployed within outdoor, commercial, industrial, and residential environments, and the transition to energy efficient lighting is further emphasized and expedited with rules and regulations put in place and also mentioned earlier. While the switch to energy efficient lighting is happening worldwide, regulations are being put in place to phase out the manufacture and distribution of inefficient incandescent lights. In eliminating the conventional options, customers become encouraged to find and learn more about SSL (Solid State Lighting) Solutions that use less energy. Along with the regulations, federal governments across the globe are also using financial incentives to grow SSL technologies. The cost of energy-efficient lighting becomes more appealing to individuals and organizations when these incentives take the form of tax credits, rebate incentives, or financing incentives.
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Solid State and Other Energy Efficient Lighting Market Size & Statistics
- The Market Size for Solid State and Other Energy Efficient Lighting Was Estimated to be Worth USD 50.37 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 11.87% Between 2025 and 2035.
- The Global Solid State and Other Energy Efficient Lighting Market Size is Anticipated to Reach USD 173.02 Billion by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the Solid State and Other Energy Efficient Lighting Market.
- North America is expected to grow the fastest during the forecast period in the Solid State and Other Energy Efficient Lighting Market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the solid state and other energy efficient lighting market. Given its sizeable market share, North America is anticipated to generate a sizable amount of revenue due to the presence of important electrical companies and the creation of cutting-edge lighting solutions.
Asia Pacific is expected to generate the highest demand during the forecast period in the solid state and other energy efficient lighting market. A thriving ecosystem of leading solid-state lighting manufacturers exists in Asia Pacific. With so many top producers of LED chips, modules, and fixtures, China is a major player in this market. There are many advantages to this strong local supply network. First, it lessens the region's dependency on imports, which reduces its susceptibility to fluctuations in world prices. Secondly, it encourages competition and market innovation, which leads to a consistent flow of new and enhanced SSL technologies, possibly at lower prices. Asia Pacific is leading the world in solid-state lighting thanks to this combination of a sizable and well-established manufacturing base.
Top 10 Solid State and Other Energy Efficient Lighting Trends
1.Smart Lighting Integration
2.Declining LED Costs
3.Government Incentives & Regulations
4.Rise of Human-Centric Lighting
5.Expansion in Developing Regions
6.Wireless & Connected Lighting Systems
7.Sustainability & Circular Design
8.Advanced Form Factors
9.Color Tuning & Customization
10.Industrial & Outdoor Applications Surge
1. Smart Lighting Integration
The term "smart lighting integration" describes the broad use of Internet of Things-enabled lighting systems that let users automate, optimize, and remotely control energy use in a variety of settings. Depending on occupancy, daylight availability, or user preferences, these systems modify brightness, color temperature, and operating schedules using sensors, wireless connectivity, and cloud-based platforms.
2. Declining LED Costs
Large-scale production that takes advantage of economies of scale, enhanced material efficiency, and improvements in manufacturing technologies are the main factors driving the ongoing drop in LED costs. Manufacturers have streamlined fabrication procedures and optimized supply chains in response to the growing demand for energy-efficient lighting worldwide, greatly lowering unit costs. Because of its lower cost, LED lighting is now more widely available in the commercial, industrial, and residential sectors, which has accelerated its adoption and phased out less effective alternatives like fluorescent and incandescent lamps.
3. Government Incentives & Regulations
The adoption of energy-efficient lighting technologies is greatly aided by government incentives and regulations, especially in areas where energy shortages are a problem. Lawmakers are pushing manufacturers to innovate and consumers to move away from conventional lighting systems by offering subsidies, tax breaks, and mandatory efficiency standards. These policies are particularly effective in developing nations, where they help to lower carbon emissions, lessen peak electricity demand, and increase access to dependable lighting in underserved areas.
4. Rise of Human-Centric Lighting
Human-centric lighting is becoming more and more popular as a revolutionary strategy that synchronizes artificial lighting with the circadian rhythms of the body. These systems mimic the effects of natural sunlight by varying color temperature and intensity throughout the day, with warmer, dimmer hues in the evening and cooler, brighter tones in the morning. This improves mood, focus, and sleep quality, which makes it particularly useful in residential, medical, and work settings.
5. Expansion in Developing Regions
The solid state and energy-efficient lighting market is expanding rapidly due to expansion in developing regions, especially in Asia-Pacific, Latin America, and Africa. Significant urbanization in these areas has resulted in a rise in the construction of public infrastructure, commercial buildings, and industrial facilities—all of which call for dependable, reasonably priced lighting solutions. In order to meet energy demands, lower emissions, and promote long-term sustainability, governments and private developers are giving priority to LED and other efficient technologies.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the solid state and other energy efficient lighting market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 16 Companies Leading the Solid State and Other Energy Efficient Lighting Market
1.Signify N.V.
2.OSRAM GmbH
3.Cree LED, Inc.
4.Seoul Semiconductor Co., Ltd.
5.Nichia Corporation
6.Samsung Electronics Co., Ltd.
7.LG Innotek Co., Ltd.
8.Toyoda Gosei Co., Ltd.
9. Epistar Corporation
10. Lumileds Holding B.V.
11. MLS Co., Ltd.
12.Everlight Electronics Co., Ltd.
13.Lextar Electronics Corp.
14.Sharp Corporation
15.Citizen Electronics Co., Ltd.
16.Bridgelux, Inc.
17.Others
1. Signify N.V.
Headquarters – Eindhoven, the Netherlands
Lighting products are manufactured and marketed by Signify NV (Signify). High-intensity discharge (HID) lamps, compact fluorescent, halogen, incandescent, and light-emitting diode (LED) drivers, as well as conventional and specialty lighting, electronic components, electronic ballasts, and other lighting products, are all part of the company's product line. Indicate which products are sold under the Philips, Interact, Philips Hue, Color Kinetics, Philips Dynalite, and EcoLink brands.
2. OSRAM GmbH
Headquarters – Munich, Germany
A division of ams-OSRAM AG, OSRAM GmbH is a world leader in photonics and opto-semiconductor technologies with a focus on cutting-edge lighting solutions for the consumer, business, and automotive sectors. LED modules, infrared and laser components, and smart lighting systems designed for illumination, sensing, and visualization applications are all part of the company's extensive portfolio.
3. Cree LED, Inc
Headquarters – Durham, North Carolina, USA
Cree LED, Inc. is a well-known innovator in solid-state lighting with one of the broadest ranges of application-optimized LED chips and components in the market. The company specializes in high-power and mid-power solutions for general illumination, specialty lighting, horticulture, and video displays. It has a history of groundbreaking innovations, including the first lighting-class LED.
4. Seoul Semiconductor Co., Ltd.
Headquarters – Ansan, Gyeonggi Province, South Korea.
Leading global supplier of LED and optoelectronic solutions, Seoul Semiconductor Co., Ltd. provides a wide range of cutting-edge lighting technologies for backlighting, general illumination, automotive, and specialty applications. The company's proprietary innovations, including Acrich, WICOP, and SunLike, are well-known for their improved performance, miniaturization, and natural light quality. Seoul Semiconductor, which places a high priority on research and development as well as intellectual property, has obtained thousands of patents and continuously advances industry standards.
5. Nichia Corporation
Headquarters – Anan, Tokushima, Japan
The world's first high-brightness blue LED was created by Nichia Corporation, a trailblazing manufacturer in the optoelectronics industry. The company specializes in manufacturing phosphors, LEDs, laser diodes, and other luminescent materials for use in general lighting, automotive, display, and medical applications. With a focus on innovation and research, Nichia keeps developing solid-state lighting technologies that offer better color quality, performance, and energy efficiency.
Are you ready to discover more about the solid state and other energy efficient lighting market?
The report provides an in-depth analysis of the leading companies operating in the global solid state and other energy efficient lighting market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Signify N.V.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
2.OSRAM GmbH
3.Cree LED, Inc.
4.Seoul Semiconductor Co., Ltd.
5.Nichia Corporation
6.Samsung Electronics Co., Ltd.
7.LG Innotek Co., Ltd.
8.Toyoda Gosei Co., Ltd.
9. Epistar Corporation
10. Lumileds Holding B.V.
11. MLS Co., Ltd.
12.Everlight Electronics Co., Ltd.
13.Lextar Electronics Corp.
14.Sharp Corporation
15.Citizen Electronics Co., Ltd.
16.Bridgelux, Inc.
17.Others
Conclusion
The market for solid-state and energy-efficient lighting is undergoing a radical change due to advancements in technology, increased demand for sustainability, and regulatory support. Applications in the residential, commercial, and industrial sectors are changing as a result of major trends like wireless connectivity, smart lighting, and human-centric design. North America's explosive growth trajectory and Asia Pacific's manufacturing dominance are highlighted by regional dynamics. Adoption is still being accelerated by government subsidies and falling LED prices. To remain competitive, leading businesses are utilizing customization and advanced form factors. Market research provides strategic insights that enable stakeholders to confidently navigate this changing environment.
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