출판 : MarketsandMarkets（마켓츠앤마켓츠）출판년월 : 2022년06월
LED 조명 시장 : 설치 (신규, 복고풍), 제품 유형 (A 타입, T 타입, 장식, 지향성), 판매 채널 (소매, 직접, 전자 상거래), 애플리케이션 (주택, 상업, 산업), 지역별 – 2027 년까지 세계 예측
LED Lighting Market by Installation (New, Retrofit), Product Type (A-type, T-type, Decorative, Directional), Sales Channel (Retail, Direct, E-commerce), Application (Residential, Commercial, Industrial) and Geography – Global Forecast to 2027
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The LED lighting market size is estimated to be USD 75.3 billion in 2022 and is projected to reach USD 124.7 billion by 2027, at a CAGR of 10.6% during the forecast period. The booming lighting industry contributes most to the rising demand for energy-efficient products and modifications in the existing lighting products using LED technology.
LED 조명 시장 규모는 예측 기간 동안 10.6%의 CAGR로 2022년 753억 달러에서 2027년 1,247억 달러에 이를 것으로 예상됩니다. 급성장하는 조명 산업은 에너지 효율적인 제품에 대한 수요 증가와 LED 기술을 사용하는 기존 조명 제품의 수정에 가장 크게 기여합니다.
Moreover, technological innovations and rising environmental concerns have further accelerated the market growth in the region. Competitive manufacturing costs, high economic growth rate, and large-scale industrial constructions in residential and commercial segments are some of the other major factors driving the growth of the LED lighting market
“Decorative luminaireto register highest growthbetween 2022 to 2027.”
Decorative luminaires are expected to record the highest CAGR during the forecast period. The easy availability of decorative lights with a variety of color combinations in attractive shapes and sizes for interior decoration, coupled with the growing use of highly energy-efficient products to reduce energy bills, is the major factor propelling the growth of the market. Bullet, candle, flare, globe, and any other decorative lamp shapes, integrated chandeliers, single-head pendants, wall sconces, lanterns, and cove luminaire products fall under the category of decorative lighting. Commercial and hospitality applications contribute most to increasing demand for decorative lighting.
“Lamps segment to account for a larger share of the LED lighting market in 2022.”
A-type and T-type lamps have high penetration in residential applications, which, in turn, leads to a larger market size of the overall lamps category compared to luminaires. The enormous rise in the use of LED lighting solutions has changed every aspect of modern life. The modern technology equipped with LED lamps enables improved efficiency with low maintenance costs. The warm light from the LED lamps allows for complete brightness without energy loss. Compared to the lifespan of average incandescent bulbs, the lifespan of an LED light is far superior. A-type LED lamps are also referred to as plug-and-play. These lamps directly replace traditional lamps such as compact fluorescent (CFL) and linear fluorescent. A-type lamps are considered the classic type of light bulb that has been used for general-purpose lighting for over 100 years.
“The streets and roads application segment likely to dominate the outdoor LED lighting market from 2022 to 2027”
According to market estimates, The streets and roads segment is expected to account for the largest market share throughout the forecast period due to rapid urbanization and government efforts to reduce energy consumption with the adoption of LED lighting solutions. Streets and roadways are continuously illuminated; hence, there is a high requirement for energy. Therefore, switching to LED lighting is a better choice. Streets and roadways are expected to provide lucrative opportunities to LED lighting market players.
Asia Pacific followed by Middle East, and Africa region likely to witness higher growth rate from 2022 t0 2027
The LED lighting market has enormous potential in the Asia Pacific region, and it is anticipated that consumers would accept these systems as an integral part of digitalized households. Increasing construction activities in Asia Pacific contribute significantly to the growth of the LED lighting market in the region. The thriving electrical and electronics industry in Asia Pacific also supports the growth of the LED lighting market. In the last few years, LED lighting has become the dominant artificial light source and is preferred over all the conventional light sources such as incandescent bulbs, CFL and fluorescent lamps, high-pressure sodium lamps, and metal halide lamps in the region. The LED lighting market in RoW is growing slowly compared to other regions; however, emerging economies such as South Africa and the GCC countries in the Middle East are expected to contribute to the market growth in the coming years.
A variety of executives from key organizations operating in the LED lighting market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.
• By Company Type: Tier 1-20%, Tier 2–45%, and Tier 3-35%
• By Designation: C-Level Executives-35%, Managers-25%, and Others- 40%
• By Region:North America-45%,Europe-25%, Asia Pacific – 20%, andRoW-10%
Signify Holding (Netherlands), Acuity Brands (US), OSRAM (Germany), Savant Systems (GE Lighting) (US), Hubbell Lighting (US), Panasonic Corporation (Japan), Zumtobel Group AG (Austria), Cree Lighting (Ideal Industries) (US), Dialight (UK), and Samsung (South Korea)are the key players in the LED lighting market. These top players have strong portfolios of products and services and a presence in both mature and emerging markets.
The study includes an in-depth competitive analysis of these key players in the LED lighting market, with their company profiles, recent developments, and key market strategies.
Research Coverage
The report defines, describes, and forecaststhe LED lighting marketbased onproduct type, installation, sales channel, application, and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the LED lighting market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and developments carried out by the key players to grow in the market.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall LED lighting market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
목차
TABLE OF CONTENTS
1 INTRODUCTION (Page No. – 21)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 LED LIGHTING MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. – 27)
2.1 RESEARCH DATA
FIGURE 2 LED LIGHTING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Key data from secondary sources
2.1.2.2 List of key secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Key data from primary sources
2.1.3.2 Key industry insights
2.1.3.3 Breakdown of primaries
2.1.3.4 List of key primary interview participants
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.2.3 GROWTH RATE AND FORECASTING ASSUMPTIONS
TABLE 1 MARKET GROWTH ASSUMPTIONS
2.3 FACTOR ANALYSIS
2.3.1 LED LIGHTING MARKET: SUPPLY-SIDE ANALYSIS
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED BY COMPANIES FROM PRODUCTS OFFERED IN LED LIGHTING MARKET
2.3.2 LED LIGHTING MARKET: DEMAND-SIDE ANALYSIS
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE) FOR LED LIGHTING MARKET
TABLE 2 US: LED LIGHTING INSTALLED BASE
2.4 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.5 RISK ASSESSMENT
TABLE 3 RISK ASSESSMENT: LED LIGHTING MARKET
2.6 ASSUMPTIONS
TABLE 4 KEY ASSUMPTIONS: MACRO- AND MICRO-ECONOMIC ENVIRONMENT
3 EXECUTIVE SUMMARY (Page No. – 41)
3.1 REALISTIC SCENARIO
3.2 OPTIMISTIC SCENARIO
3.3 PESSIMISTIC SCENARIO
FIGURE 8 LED LIGHTING MARKET: OPTIMISTIC, REALISTIC, AND PESSIMISTIC SCENARIO ANALYSIS, 2018–2027 (USD BILLION)
FIGURE 9 LED LIGHTING MARKET, 2018–2027 (USD BILLION)
FIGURE 10 LAMPS SEGMENT TO CAPTURE LARGER SHARE OF LED LIGHTING MARKET, IN TERMS OF VALUE, FROM 2022 TO 2027
FIGURE 11 LED LIGHTING MARKET FOR RETROFIT INSTALLATIONS TO GROW AT HIGHER CAGR THAN NEW INSTALLATIONS FROM 2022 TO 2027
FIGURE 12 RETAIL/WHOLESALE DISTRIBUTION CHANNELS TO COMMAND LED LIGHTING MARKET THROUGHOUT FORECAST PERIOD
FIGURE 13 INDOOR APPLICATIONS TO ACCOUNT FOR LARGER MARKET SHARE FROM 2022 TO 2027
FIGURE 14 ASIA PACIFIC LIKELY TO BE MOST POTENTIAL MARKET FOR LED LIGHTING FROM 2022 TO 2027
4 PREMIUM INSIGHTS (Page No. – 48)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN LED LIGHTING MARKET
FIGURE 15 INCREASING ADOPTION OF LED LAMPS AS SUBSTITUTES FOR CONVENTIONAL LAMPS TO DRIVE GROWTH OF LED LIGHTING MARKET
4.2 LED LIGHTING MARKET, BY PRODUCT TYPE
FIGURE 16 LAMPS TO ACCOUNT FOR LARGER SHARE THAN LUMINAIRES IN LED LIGHTING MARKET FROM 2022 TO 2027
4.3 LED LIGHTING MARKET, BY INSTALLATION
FIGURE 17 NEW INSTALLATIONS TO CAPTURE LARGER MARKET SHARE THAN RETROFIT INSTALLATIONS THROUGHOUT FORECAST PERIOD
4.4 LED LIGHTING MARKET, BY LAMP TYPE
FIGURE 18 A-TYPE LAMPS TO DOMINATE LED LIGHTING MARKET FROM 2022 TO 2027
4.5 LED LIGHTING MARKET, BY SALES CHANNEL
FIGURE 19 RETAIL/WHOLESALE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF LED LIGHTING MARKET BETWEEN 2022 AND 2027
4.6 LED LIGHTING MARKET, BY APPLICATION
FIGURE 20 RESIDENTIAL APPLICATION TO COMMAND LED LIGHTING MARKET FROM 2022 TO 2027
5 MARKET OVERVIEW (Page No. – 52)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR LED LIGHTING MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing utilization of smart lighting systems in several applications
5.2.1.2 Surging adoption of LED bulbs and luminaires to achieve goal of net-zero emissions by 2050
TABLE 5 LIGHTING TYPES, INSTALLED UNITS, AND ENERGY SAVINGS IN US (2018)
FIGURE 22 GLOBAL LIGHTING PENETRATION TREND, 2012 TO 2030
5.2.1.3 Rising demand for LED lighting systems in residential interior designing and home decorating applications
FIGURE 23 CONSTRUCTION INDUSTRY OUTPUT IN US, 2008 TO 2019 (USD BILLION)
5.2.1.4 Ongoing release of new innovative LED products due to constant technological advances
FIGURE 24 IMPACT ANALYSIS OF DRIVERS IN LED LIGHTING MARKET
5.2.2 RESTRAINTS
5.2.2.1 High installation cost of larger projects
5.2.2.2 Short-to-medium-term impact on market due to US–China trade conflict and ongoing Russia–Ukraine war
FIGURE 25 US IMPORTS OF ELECTRICAL AND ELECTRONIC EQUIPMENT FROM CHINA, 2012 TO 2021 (USD BILLION)
FIGURE 26 IMPACT ANALYSIS OF RESTRAINTS IN LED LIGHTING MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Government initiatives to reduce energy consumption and cut down GHG emissions from public electricity and heat production
5.2.3.2 Continuous decline in prices of LED chips and other components of lighting systems
FIGURE 27 IMPACT ANALYSIS OF OPPORTUNITIES IN LED LIGHTING MARKET
5.2.4 CHALLENGES
5.2.4.1 Slow rate of adoption of LED technology in developing countries
5.2.4.2 Constant threat of data/security breach in IoT-based lighting systems
FIGURE 28 IMPACT ANALYSIS OF CHALLENGES IN LED LIGHTING MARKET
5.3 VALUE CHAIN ANALYSIS
FIGURE 29 VALUE CHAIN ANALYSIS: MOST VALUE ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS
5.4 LED LIGHTING MARKET ECOSYSTEM
FIGURE 30 LED LIGHTING MARKET ECOSYSTEM
TABLE 6 LED LIGHTING MARKET: ECOSYSTEM
5.5 PORTER’S FIVE FORCES ANALYSIS
TABLE 7 IMPACT OF EACH FORCE ON LED LIGHTING MARKET
FIGURE 31 IMPACT OF PORTER’S FIVE FORCES ON LED LIGHTING MARKET
5.5.1 INTENSITY OF COMPETITIVE RIVALRY
5.5.2 THREAT OF NEW ENTRANTS
5.5.3 THREAT OF SUBSTITUTES
5.5.4 BARGAINING POWER OF BUYERS
5.5.5 BARGAINING POWER OF SUPPLIERS
5.6 AVERAGE SELLING PRICE ANALYSIS
FIGURE 32 LED LIGHTING MARKET: MID- AND LOW-POWER LED PACKAGE PRICING TREND
FIGURE 33 LED LIGHTING MARKET: HIGH-POWER LED PACKAGE PRICING TREND
FIGURE 34 LED LIGHTING MARKET: LED LAMP (60 W EQUIVALENT) PRICING TREND
5.7 TRADE ANALYSIS
TABLE 8 IMPORT DATA FOR LAMPS AND LIGHTING FITTINGS, HS CODE: 9405 (USD MILLION)
FIGURE 35 IMPORT VALUES OF LAMPS AND LIGHTING FIXTURES, BY COUNTRY, 2016–2020
TABLE 9 EXPORT DATA FOR LAMPS AND LIGHTING FIXTURES, HS CODE: 9405 (USD MILLION)
FIGURE 36 EXPORT VALUES OF LAMPS AND LIGHTING FIXTURES, BY COUNTRY, 2016–2020
5.8 REVENUE SHIFT & NEW REVENUE POCKETS FOR LED LIGHTING MARKET
FIGURE 37 REVENUE SHIFT IN LED LIGHTING MARKET
5.9 CASE STUDY ANALYSIS
5.9.1 ULINE, SHIPPING SUPPLY COMPANY, SHIFTED TO LED LIGHTING SYSTEM FROM CONVENTIONAL LIGHTING SYSTEM
5.9.2 ABB ATLANTA INTERNATIONAL AIRPORT (ATL) WENT OVER COMPLETE MAKEOVER WITH LED LIGHTING
5.9.3 COMMERCIAL LED LIGHTING IMPLEMENTED AT FRANKLIN INSTITUTE
5.10 LED LIGHTING MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.11 PATENT ANALYSIS
5.11.1 PATENT REGISTRATIONS, 2018–2021
TABLE 10 KEY PATENT REGISTRATIONS, 2018–2021
5.11.2 LED LIGHTING: PATENT ANALYSIS
FIGURE 38 PATENTS FILED BETWEEN 2011 AND 2021
FIGURE 39 GRANTED PATENT TRENDS, BY COUNTRY, 2021
TABLE 11 LIST OF PATENTS BY SIGNIFY HOLDING BV
5.12 TECHNOLOGY TRENDS
5.12.1 LI-FI
5.12.2 HUMAN-CENTRIC LIGHTING
5.12.3 IOT LIGHTING
5.13 GOVERNMENT REGULATIONS AND STANDARDS
5.13.1 GOVERNMENT REGULATIONS
5.13.2 STANDARDS
5.13.2.1 IEEE 1789-2015 modulation frequencies for light-emitting diodes (LEDs)-
5.13.2.2 Energy Star – developed by US Department of Energy (DOE) and US Environmental Protection Agency (EPA)
5.13.2.3 NEMA – ANSI C78.51 – electric lamps – LED (light-emitting diode) lamps – method of designation
5.14 KEY REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.15 KEY STAKEHOLDERS IN BUYING PROCESS
TABLE 13 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
5.15.1 BUYING CRITERIA
FIGURE 40 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
6 LED LIGHTING MARKET, BY PRODUCT TYPE (Page No. – 81)
6.1 INTRODUCTION
TABLE 14 LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION)
FIGURE 41 LUMINAIRES TO WITNESS HIGHER CAGR IN LED LIGHTING MARKET FROM 2022 TO 2027
TABLE 15 LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
6.2 LAMPS
TABLE 16 LAMPS: LED LIGHTING MARKET, BY TYPE, 2018–2021 (USD BILLION)
FIGURE 42 A-TYPE LAMPS TO CAPTURE LARGEST MARKET SHARE BETWEEN 2022 AND 2027
TABLE 17 LAMPS: LED LIGHTING MARKET, BY TYPE, 2022–2027 (USD BILLION)
TABLE 18 LAMPS: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION)
TABLE 19 LAMPS: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION)
6.2.1 A-TYPE
6.2.1.1 A-type lamps are primarily used in residential buildings for energy saving
6.2.2 T-TYPE
6.2.2.1 T-type lamps are widely used in commercial and industrial applications as they are cheaper, more efficient, and long-lasting light source
6.2.3 OTHERS
6.3 LUMINAIRES
TABLE 20 LUMINAIRES: LED LIGHTING MARKET, 2018–2021 (MILLION UNITS)
TABLE 21 LUMINAIRES: LED LIGHTING MARKET, 2022–2027 (MILLION UNITS)
TABLE 22 LUMINAIRES: LED LIGHTING MARKET, BY TYPE, 2018–2021 (USD BILLION)
FIGURE 43 DECORATIVE LUMINAIRES TO WITNESS HIGHEST CAGR IN LED LIGHTING MARKET FROM 2022 TO 2027
TABLE 23 LUMINAIRES: LED LIGHTING MARKET, BY TYPE, 2022–2027 (USD BILLION)
TABLE 24 LUMINAIRES: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION)
TABLE 25 LUMINAIRES: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION)
6.3.1 DOWNLIGHTING
6.3.1.1 Downlighting to dominate luminaires segment due to increasing number of residential, construction, and industrial infrastructure projects
6.3.2 DECORATIVE LIGHTING
6.3.2.1 Commercial and hospitality applications contribute most to increasing demand for decorative lighting
6.3.3 DIRECTIONAL LIGHTING
6.3.3.1 Directional lighting is widely used for accentuating purpose
6.3.4 OTHERS
7 LED LIGHTING MARKET, BY APPLICATION (Page No. – 90)
7.1 INTRODUCTION
TABLE 26 LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
FIGURE 44 OUTDOOR SEGMENT TO RECORD HIGHER CAGR IN LED LIGHTING MARKET FROM 2022 TO 2027
TABLE 27 LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
7.2 INDOOR
TABLE 28 INDOOR: LED LIGHTING MARKET, BY TYPE, 2018–2021 (USD BILLION)
FIGURE 45 RESIDENTIAL SEGMENT TO CAPTURE LARGEST SHARE OF INDOOR LED LIGHTING MARKET DURING FORECAST PERIOD
TABLE 29 INDOOR: LED LIGHTING MARKET, BY TYPE, 2022–2027 (USD BILLION)
TABLE 30 INDOOR: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION)
TABLE 31 INDOOR: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION)
7.2.1 RESIDENTIAL
7.2.1.1 Residential segment is likely to capture majority of market share during forecast period
7.2.2 COMMERCIAL
7.2.2.1 Offices
7.2.2.1.1 Recessed luminaires and downlighters are most commonly used lighting fixtures in offices
7.2.2.2 Retail stores
7.2.2.2.1 Retail shops and malls are expected to witness accelerated demand for LED lighting systems during post-COVID-19 scenario
7.2.2.3 Horticulture gardens
7.2.2.3.1 LED lighting systems are increasingly used as supplemental lighting sources in greenhouses and vertical farms
7.2.2.4 Others
7.2.3 INDUSTRIAL
7.2.3.1 Landscape lighting solutions, spotlights, LED tubes and panels, and floor panels are most commonly used industrial lighting solutions
7.2.4 OTHERS
7.3 OUTDOOR
TABLE 32 OUTDOOR: LED LIGHTING MARKET, BY TYPE, 2018–2021 (USD BILLION)
FIGURE 46 STREETS AND ROADS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF OUTDOOR LED LIGHTING MARKET BETWEEN 2022 AND 2027
TABLE 33 OUTDOOR: LED LIGHTING MARKET, BY TYPE, 2022–2027 (USD BILLION)
TABLE 34 OUTDOOR: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION)
TABLE 35 OUTDOOR: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION)
7.3.1 STREETS AND ROADWAYS
7.3.1.1 Increasing number of road and street development projects in developing economies to drive market growth
7.3.2 ARCHITECTURAL BUILDINGS
7.3.2.1 LED lighting to witness increased demand from heritage buildings, historical buildings, and contemporary architectural landmarks
7.3.3 SPORTS COMPLEXES
7.3.3.1 Existing stadiums and sports complexes expected to switch to LED lighting in near future
7.3.4 TUNNELS
7.3.4.1 Upcoming tunnel construction projects worldwide to provide market opportunities to LED lighting system providers
7.3.5 OTHERS
8 LED LIGHTING MARKET, BY INSTALLATION (Page No. – 101)
8.1 INTRODUCTION
TABLE 36 LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION)
FIGURE 47 RETROFIT SEGMENT TO EXHIBIT HIGHER CAGR IN LED LIGHTING MARKET FROM 2022 TO 2027
TABLE 37 LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION)
8.2 NEW
8.2.1 NEW LED LIGHTING FIXTURES ARE LIKELY TO BE DEPLOYED IN VARIOUS UPCOMING CONSTRUCTION PROJECTS
TABLE 38 NEW: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION)
TABLE 39 NEW: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION)
8.3 RETROFIT
8.3.1 TRADITIONAL LIGHTING SOLUTIONS ARE WIDELY REPLACED WITH LED LIGHTING SOLUTIONS ACROSS SEVERAL APPLICATIONS
TABLE 40 RETROFIT: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION)
TABLE 41 RETROFIT: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION)
9 LED LIGHTING MARKET, BY SALES CHANNEL (Page No. – 105)
9.1 INTRODUCTION
TABLE 42 LED LIGHTING MARKET, BY SALES CHANNEL, 2018–2021 (USD BILLION)
FIGURE 48 E-COMMERCE SEGMENT TO RECORD HIGHEST CAGR IN LED LIGHTING MARKET, BY SALES CHANNEL, BETWEEN 2022 AND 2027
TABLE 43 LED LIGHTING MARKET, BY SALES CHANNEL, 2022–2027 (USD BILLION)
9.2 RETAIL/WHOLESALE
9.2.1 RETAIL/WHOLESALE DISTRIBUTION CHANNELS ACCOUNT FOR MAJOR MARKET SHARE
TABLE 44 RETAIL/WHOLESALE: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION)
TABLE 45 RETAIL/WHOLESALE: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION)
9.3 DIRECT SALES
9.3.1 DIRECT/CONTRACT-BASED SALES CHANNELS ELIMINATE THIRD-PARTY INTERFERENCE, THEREBY REDUCING PROCUREMENT COSTS
TABLE 46 DIRECT SALES: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION)
TABLE 47 DIRECT SALES: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION)
9.4 E-COMMERCE
9.4.1 E-COMMERCE-BASED LED LIGHTING SALES WILL INCREASE SIGNIFICANTLY UNTIL 2027
TABLE 48 E-COMMERCE: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION)
TABLE 49 E-COMMERCE: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION)
10 LUMENS IN LED LIGHTING (Page No. – 111)
10.1 INTRODUCTION
10.2 1,600 LUMENS
10.3 1,100 LUMENS
10.4 800 LUMENS
10.5 450 LUMENS
TABLE 50 LUMENS AND WATTAGE COMPARISON TABLE
10.6 LOW-POWER LED
10.7 HIGH-POWER LED
TABLE 51 LED LIGHT MEASUREMENT ATTRIBUTE
11 GEOGRAPHIC ANALYSIS (Page No. – 114)
11.1 INTRODUCTION
FIGURE 49 GEOGRAPHIC SNAPSHOT: INDIA WILL BE FASTEST-GROWING MARKET FOR LED LIGHTING FROM 2022 TO 2027
TABLE 52 LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION)
TABLE 53 LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION)
11.2 AMERICAS
TABLE 54 AMERICAS: LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION)
TABLE 55 AMERICAS: LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
TABLE 56 AMERICAS: LED LIGHTING MARKET, BY SALES CHANNEL, 2018–2021 (USD BILLION)
TABLE 57 AMERICAS: LED LIGHTING MARKET, BY SALES CHANNEL, 2022–2027 (USD BILLION)
TABLE 58 AMERICAS: LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
TABLE 59 AMERICAS: LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
TABLE 60 AMERICAS: LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION)
TABLE 61 AMERICAS: LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION)
TABLE 62 AMERICAS: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION)
TABLE 63 AMERICAS: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION)
11.2.1 NORTH AMERICA
FIGURE 50 NORTH AMERICA: SNAPSHOT OF LED LIGHTING MARKET
TABLE 64 NORTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION)
TABLE 65 NORTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
TABLE 66 NORTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2018–2021 (USD BILLION)
TABLE 67 NORTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2022–2027 (USD BILLION)
TABLE 68 NORTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
TABLE 69 NORTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
TABLE 70 NORTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION)
TABLE 71 NORTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION)
TABLE 72 NORTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2018–2021 (USD BILLION)
TABLE 73 NORTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2022–2027 (USD BILLION)
11.2.1.1 US
11.2.1.1.1 Massive advancements in LED technology due to ideal environment in country for innovation
11.2.1.2 Canada
11.2.1.2.1 Considerable adoption of energy-efficient lighting systems by contractors and homeowners in Canada
11.2.1.3 Mexico
11.2.1.3.1 Increased use of automation solutions in several industries in Mexico to boost market growth
11.2.2 SOUTH AMERICA
FIGURE 51 SOUTH AMERICA: SNAPSHOT OF LED LIGHTING MARKET
TABLE 74 SOUTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION)
TABLE 75 SOUTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
TABLE 76 SOUTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2018–2021 (USD BILLION)
TABLE 77 SOUTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2022–2027 (USD BILLION)
TABLE 78 SOUTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
TABLE 79 SOUTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
TABLE 80 SOUTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION)
TABLE 81 SOUTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION)
TABLE 82 SOUTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2018–2021 (USD BILLION)
TABLE 83 SOUTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2022–2027 (USD BILLION)
11.2.2.1 Brazil
11.2.2.1.1 Strong focus of country to manufacture LED lighting products locally to create lucrative opportunities for LED technology providers
11.2.2.2 Argentina
11.2.2.2.1 New resolution of Argentine government to adopt LED lighting products fosters market growth in country
11.2.2.3 Rest of South America
11.3 EUROPE
FIGURE 52 EUROPE: SNAPSHOT OF LED LIGHTING MARKET
TABLE 84 EUROPE: LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION)
TABLE 85 EUROPE: LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
TABLE 86 EUROPE: LED LIGHTING MARKET, BY SALES CHANNEL, 2018–2021 (USD BILLION)
TABLE 87 EUROPE: LED LIGHTING MARKET, BY SALES CHANNEL, 2022–2027 (USD BILLION)
TABLE 88 EUROPE: LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
TABLE 89 EUROPE: LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
TABLE 90 EUROPE: LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION)
TABLE 91 EUROPE: LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION)
TABLE 92 EUROPE: LED LIGHTING MARKET, BY COUNTRY, 2018–2021 (USD BILLION)
TABLE 93 EUROPE: LED LIGHTING MARKET, BY COUNTRY, 2022–2027 (USD BILLION)
11.3.1 UK
11.3.1.1 Rising environmental consciousness, coupled with enforcement of energy efficiency regulations, supports high demand for LED lighting systems in UK
11.3.2 GERMANY
11.3.2.1 Increasing number of smart homes to create opportunities for new and innovative lighting solutions in next five years
11.3.3 FRANCE
11.3.3.1 Surging demand for LED lighting systems due to formulation of environmental norms by French government
11.3.4 ITALY
11.3.4.1 Reviving residential and construction sectors to boost LED lighting adoption in Italy
11.3.5 SPAIN
11.3.5.1 Rebound of construction industry to boost demand for LED lighting products
11.3.6 REST OF EUROPE
11.4 ASIA PACIFIC
FIGURE 53 ASIA PACIFIC: SNAPSHOT OF LED LIGHTING MARKET
TABLE 94 ASIA PACIFIC: LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION)
TABLE 95 ASIA PACIFIC: LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
TABLE 96 ASIA PACIFIC: LED LIGHTING MARKET, BY SALES CHANNEL, 2018–2021 (USD BILLION)
TABLE 97 ASIA PACIFIC: LED LIGHTING MARKET, BY SALES CHANNEL, 2022–2027 (USD BILLION)
TABLE 98 ASIA PACIFIC: LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
TABLE 99 ASIA PACIFIC: LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
TABLE 100 ASIA PACIFIC: LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION)
TABLE 101 ASIA PACIFIC: LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION)
TABLE 102 ASIA PACIFIC: LED LIGHTING MARKET, BY COUNTRY, 2018–2021 (USD BILLION)
TABLE 103 ASIA PACIFIC: LED LIGHTING MARKET, BY COUNTRY, 2022–2027 (USD BILLION)
11.4.1 CHINA
11.4.1.1 China is major producer and consumer of lighting fixtures and lamps globally
11.4.2 JAPAN
11.4.2.1 New building energy conservation law that aims to reduce energy consumption in residential and non-residential buildings in Japan expected to support market growth
11.4.3 INDIA
11.4.3.1 Government-run smart city projects to boost demand for LED lighting and control solutions in India
11.4.4 AUSTRALIA
11.4.4.1 High penetration rate of LED lighting systems in major cities of Australia to foster market growth
11.4.5 SOUTH KOREA
11.4.5.1 Presence of major LED lighting manufacturers in South Korea supports market growth
11.4.6 REST OF ASIA PACIFIC
11.5 ROW
TABLE 104 ROW: LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION)
TABLE 105 ROW: LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION)
TABLE 106 ROW: LED LIGHTING MARKET, BY SALES CHANNEL, 2018–2021 (USD BILLION)
TABLE 107 ROW: LED LIGHTING MARKET, BY SALES CHANNEL, 2022–2027 (USD BILLION)
TABLE 108 ROW: LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION)
TABLE 109 ROW: LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION)
TABLE 110 ROW: LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION)
TABLE 111 ROW: LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION)
TABLE 112 ROW: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION)
TABLE 113 ROW: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION)
11.5.1 MIDDLE EAST
11.5.1.1 Eco-friendly green building regulations and streetlight retrofitting programs by regional governments to spur market growth in Middle East
11.5.2 AFRICA
11.5.2.1 Ongoing urbanization in Africa to significantly boost LED lighting market growth
12 COMPETITIVE LANDSCAPE (Page No. – 148)
12.1 INTRODUCTION
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 114 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN LED LIGHTING MARKET
12.2.1 PRODUCT PORTFOLIO
12.2.2 REGIONAL FOCUS
12.2.3 MANUFACTURING FOOTPRINT
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
12.3 MARKET SHARE ANALYSIS, 2021
TABLE 115 MARKET: DEGREE OF COMPETITION
12.4 REVENUE ANALYSIS OF TOP PLAYERS IN LED LIGHTING MARKET
FIGURE 54 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN LED LIGHTING MARKET
12.5 COMPANY EVALUATION QUADRANT
12.5.1 STAR
12.5.2 PERVASIVE
12.5.3 EMERGING LEADER
12.5.4 PARTICIPANT
FIGURE 55 LED LIGHTING MARKET (GLOBAL): COMPANY EVALUATION QUADRANT
12.6 COMPETITIVE BENCHMARKING
TABLE 116 LED LIGHTING MARKET: DETAILED LIST OF STARTUPS/SMES
TABLE 117 LED LIGHTING MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [SMES]
TABLE 118 KEY STARTUPS IN LED LIGHTING MARKET
12.7 STARTUP/SME EVALUATION QUADRANT
12.7.1 PROGRESSIVE COMPANY
12.7.2 RESPONSIVE COMPANY
12.7.3 DYNAMIC COMPANY
12.7.4 STARTING BLOCK
FIGURE 56 LED LIGHTING MARKET (GLOBAL): STARTUP/SME EVALUATION QUADRANT, 2021
12.8 COMPANY FOOTPRINT
TABLE 119 OVERALL FOOTPRINT OF COMPANY
TABLE 120 COMPANY PRODUCT FOOTPRINT
TABLE 121 COMPANY APPLICATION FOOTPRINT
TABLE 122 REGIONAL FOOTPRINT OF COMPANIES
12.9 COMPETITIVE SITUATION AND TRENDS
12.9.1 PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 123 LED LIGHTING MARKET: PRODUCT LAUNCHES & DEVELOPMENTS, JANUARY 2018– MARCH 2022
12.9.2 DEALS
TABLE 124 LED LIGHTING MARKET: DEALS, JANUARY 2019–MAY 2022
12.9.3 OTHERS
TABLE 125 LED LIGHTING MARKET: OTHERS, JANUARY 2019–JULY 2021
13 COMPANY PROFILES (Page No. – 180)
13.1 KEY PLAYERS
(Business Overview, Products & Solutions, Recent Developments, MnM View)*
13.1.1 SIGNIFY N.V.
TABLE 126 SIGNIFY N.V.: BUSINESS OVERVIEW
FIGURE 57 SIGNIFY N.V.: COMPANY SNAPSHOT
13.1.2 ACUITY BRANDS
TABLE 127 ACUITY BRANDS: BUSINESS OVERVIEW
FIGURE 58 ACUITY BRANDS: COMPANY SNAPSHOT
13.1.3 CREE LIGHTING (PART OF IDEAL INDUSTRIES, INC.)
TABLE 128 CREE LIGHTING: BUSINESS OVERVIEW
13.1.4 OSRAM LICHT AG (AMS OSRAM)
TABLE 129 AMS OSRAM: BUSINESS OVERVIEW
FIGURE 59 AMS OSRAM: COMPANY SNAPSHOT
13.1.5 LG ELECTRONICS
TABLE 130 LG ELECTRONICS: BUSINESS OVERVIEW
FIGURE 60 LG ELECTRONICS: COMPANY SNAPSHOT
13.1.6 DIALIGHT PLC
TABLE 131 DIALIGHT PLC: BUSINESS OVERVIEW
FIGURE 61 DIALIGHT PLC: COMPANY SNAPSHOT
13.1.7 PANASONIC CORPORATION
TABLE 132 PANASONIC CORPORATION: BUSINESS OVERVIEW
FIGURE 62 PANASONIC CORPORATION: COMPANY SNAPSHOT
13.1.8 HUBBELL LIGHTING, INC. (PART OF GE CURRENT)
TABLE 133 HUBBELL LIGHTING, INC.: BUSINESS OVERVIEW
FIGURE 63 HUBBELL LIGHTING, INC.: COMPANY SNAPSHOT
13.1.9 ZUMTOBEL GROUP
TABLE 134 ZUMTOBEL GROUP: BUSINESS OVERVIEW
FIGURE 64 ZUMTOBEL GROUP: COMPANY SNAPSHOT
13.1.10 SAVANT SYSTEMS, INC.
TABLE 135 SAVANT SYSTEMS, INC.: BUSINESS OVERVIEW
*Details on Business Overview, Products & Solutions, Recent Developments, MnM View might not be captured in case of unlisted companies.
13.2 OTHER COMPANIES
13.2.1 HONYAR
13.2.2 SAMSUNG
13.2.3 SHARP CORPORATION
13.2.4 SITECO GMBH (GE)
13.2.5 HAVELLS INDIA LIMITED
13.2.6 TRILUX GMBH& CO. KG
13.2.7 FAGERHULTS BELYSNING AB
13.2.8 SYSKA LED LIGHTS PRIVATE LIMITED
13.2.9 GO GREEN LED
13.2.10 FOREST LIGHTING
13.2.11 LIGHTING SCIENCE GROUP CORPORATION
13.2.12 WIPRO LIGHTING (PARENT COMPANY WIPRO LIMITED)
13.2.13 OPPLE LIGHTING CO. LIMITED
13.2.14 NVC LIGHTING TECHNOLOGY CORPORATION
13.2.15 SORAA
14 APPENDIX (Page No. – 240)
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
