LED Lighting Market by Installation Type (New Installation and Retrofit Installation), End-Use Application (Indoor Lighting and Outdoor Lighting), Product Type (Lamps and Luminaires), and Geography - Global Forecast to 2022

  • ID: 4035362
  • Report
  • Region: Global
  • 152 Pages
  • Markets and Markets
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The Global LED Lighting Market is Expected to be Valued at USD 92.40 Billion by 2022 at a CAGR of 13.66%

FEATURED COMPANIES

  • Cooper Industries, Inc.
  • Cree, Inc.
  • Dialight PLC
  • General Electric Company
  • Osram Licht AG
  • Samsung
  • MORE

The global LED lighting market is expected to be valued at USD 92.40 billion by 2022 and is expected to witness a shipment of 14.01 billion units by 2022, at a CAGR of 13.66% and 21.23%, respectively, between 2016 and 2022. The increasing consumer demand for energy-efficient lighting systems, reduction in prices of LEDs, and increasing penetration of LEDs as a light source in the general lighting market are expected to drive the growth of this market. Lack of awareness regarding installation costs and payback periods and development of alternative technologies are inhibiting the growth of the LED lighting market.

The large market size and high growth rate of indoor lighting application is attributed to the increasing infrastructural activities across the world, mainly focused on residential lighting. Other factors such as low maintenance costs and low power consumption make LED lamps a good choice for room lighting by residential consumers.

The market in Asia-Pacific is expected to grow at a high rate during the forecast period. The combination of multiple factors makes APAC the most dynamic region in the LED lighting market. The reason for APAC to be the leading market is it is home to some of the top players in the LED lighting market such as Sharp Corporation (Japan) and Samsung (South Korea). Besides this, APAC has a very large population with a standard of living that is improving every day, and there is an increasing growth of smart homes. The countries of the APAC region are also introducing legislations for energy efficiency and LED lighting.

In the process of determining and verifying the market size for several segments and subsegments of the LED lighting gathered through the secondary research, extensive primary interviews have been conducted with key experts. The breakup of the profiles of primary participants is shown below.

  • By Company Type: Tier 1 - 20%, Tier 2 - 45%, and Tier 3 - 35%
  • By Designation: C-Level Executives- 35%, Directors- 25%, and Others - 40%
  • By Region: North America - 20%, Europe - 45%, APAC - 30%, and RoW - 5%

The geographic segmentation in the report covers the four major regions of the world, namely, North America, Europe, APAC, and RoW. The report also profiles major players in the LED lighting market. Some of the major players in this market are Phillips Lighting Holding B.V. (Netherlands), General Electric Company (U.S.), OSRAM Licht AG (Germany), Cree, Inc. (U.S.), Cooper Industries, Inc. (Ireland), Virtual Extension (Israel), Dialight plc (U.K.), Zumtobel Group AG (Austria), Samsung (South Korea), and Sharp Corporation (Japan), among others.

Research Coverage:

The product type segment in the report covers the market size for lamps and luminaires of an LED lighting system. The installation type segment covers the different types of installations, namely, new installation and retrofit installation. The end-use application segment covers indoor lighting and outdoor lighting. The report also covers Porter’s five forces analysis, value chain analysis with a detailed process flow diagram, and market dynamics such as drivers, restraints, opportunities, and challenges for the LED lighting market.

Reasons to Buy the Report:

This report caters to the needs of leading companies, industries, component manufacturers, and other related stakeholders in this market. Other parties that could benefit from the report include government bodies, environmental agencies, consulting firms, business development executives, C-level executives, and VPs. Our report would help analyze new opportunities and potential revenue sources and enhance the decision-making process for new business strategies. The quantitative and qualitative information in the report, along with our comprehensive analysis, would help a player gain a competitive edge in the market.

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FEATURED COMPANIES

  • Cooper Industries, Inc.
  • Cree, Inc.
  • Dialight PLC
  • General Electric Company
  • Osram Licht AG
  • Samsung
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data From Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Share of Application By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Share of Application By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Global LED Lighting Market
4.2 LED Lighting Market, By Installation Type
4.3 Market, By End-Use Application
4.4 Market, By Product Type
4.5 Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 By Installation Type
5.3.2 By Product Type
5.3.3 By End-Use Application
5.3.4 By Geography
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 High Demand for LED Lighting Driven By the Modernization and Development of Infrastructure Such as Smart Cities
5.4.1.2 Need for Energy-Efficient Lighting Systems
5.4.1.3 Reduction in Prices of LEDs
5.4.1.4 Penetration of LEDs as A Light Source in General Lighting
5.4.2 Restraints
5.4.2.1 Lack of Awareness Regarding Installation Costs and Payback Periods
5.4.2.2 Development of Alternative Technologies
5.4.3 Opportunities
5.4.3.1 Development of Wireless Technology for LED Lighting Systems
5.4.3.2 Systems/Solutions Market in Future
5.4.4 Challenges
5.4.4.1 Lack of Common Open Standards

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research and Development
6.2.2 LED Lighting Original Equipment Manufacturers
6.2.3 Key Technology Providers/System Integrators
6.2.4 Distributors/Marketers
6.3 Key Industry Trends
6.4 Porter’s Five Forces Analysis
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Power of Buyers
6.4.3 Threat of New Entrants
6.4.4 Threat of Substitutes
6.4.5 Competitive Rivalry

7 LED Lighting Market, By Installation Type
7.1 Introduction
7.2 New Installation
7.3 Retrofit
7.3.1 A-Lamps
7.3.2 T-Lamps
7.3.3 Reflectors
7.3.3.1 Multifaceted Reflector (MR) Lamps
7.3.4 Other Lamps

8 LED Lighting Market, By End-Use Application
8.1 Introduction
8.1.1 Indoor Lighting
8.1.1.1 Residential
8.1.1.1.1 Increasing Standard of Living
8.1.1.2 Commercial
8.1.1.2.1 Office Lighting
8.1.1.2.2 Retail Malls
8.1.1.2.3 Hospitality
8.1.1.3 Industrial
8.1.1.3.1 Safety of Workers in Industrial Areas
8.1.1.4 Others
8.1.1.4.1 Government and Public Buildings
8.1.2 Outdoor Lighting
8.1.2.1 Highway and Roadway
8.1.2.1.1 Different Lighting Controls for Different Types of Roads, Bridges, and Tunnels
8.1.2.2 Architectural
8.1.2.3 Public Places
8.1.2.4 Others

9 LED Lighting Market, By Product Type
9.1 Introduction
9.2 Lamps
9.3 Luminaires

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.1.1 Building Codes Expected to Boost the Adoption of New Technologies in Light Switches
10.2.2 Canada
10.2.2.1 Growing Adoption of LED Lighting Systems
10.3 Europe
10.3.1 U.K.
10.3.1.1 Demand for Energy-Saving and Long-Lasting Lighting Systems Driving the Market in the U.K.
10.3.2 Germany
10.3.2.1 High Demand for Smart Homes Driving the LED Lighting Market in Germany
10.3.3 France
10.3.3.1 Growing Awareness Toward Energy Conservation
10.3.4 Italy
10.3.4.1 High Demand From the Rebounding Construction Sector
10.3.5 Rest of Europe
10.3.5.1 Increasing Investments to Fuel the Growth of This Market in the Future
10.3.5.2 Spain
10.3.5.2.1 Government Regulations for Reducing Emissions Driving the Adoption of Intelligent Lighting
10.4 Asia-Pacific
10.4.1 China
10.4.1.1 Increasing Government Expenditure on Public Infrastructure
10.4.2 Japan
10.4.2.1 Focus on Energy Management Solutions
10.4.3 Rest of APAC
10.4.3.1 Australia and Indonesia are Emerging Markets With Significant Potential
10.4.3.2 India: Strong Economic Outlook Expected to Propel the Growth
10.4.3.3 South Korea: Energy Efficiency Labels & Standards Program Expected to Boost Growth of LED Lighting Systems
10.5 Rest of the World (RoW)
10.5.1.1 Focus on Real Estate & Urbanization

11 Competitive Landscape
11.1 Introduction
11.2 Ranking of Market Players, 2015
11.3 Competitive Situations and Trends
11.3.1 New Product Launches, Expansions, and Patents
11.3.2 Alliances, Business Expansions, and Contracts

12 Company Profiles
12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View) -
12.2 Philips Lighting Holding B.V.
12.3 General Electric Company
12.4 Osram Licht AG
12.5 Cree, Inc.
12.6 Cooper Industries, Inc.
12.7 Virtual Extension
12.8 Dialight PLC
12.9 Zumtobel Group AG
12.10 Samsung
12.11 Sharp Corporation
  • Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide

List of Tables

Table 1 LED Lighting Market, By Installation Type
Table 2 Market, By Product Type
Table 3 Market, By End-Use Application
Table 4 Market, By Installation Type, 2013-2022 (USD Million)
Table 5 Market, By Installation Type, 2013-2022 (Million Units)
Table 6 Market for New Installation, By Product Type, 2013-2022 (USD Million)
Table 7 Market for New Installation, By Product Type, 2013-2022 (Million Units)
Table 8 New Installation LED Lighting Market for Indoor Lighting, By Type, 2013-2022 (USD Million)
Table 9 New Installation LED Lighting Market for Outdoor Lighting, By Type, 2013-2022 (USD Million)
Table 10 Market for New Installation, By Region, 2013-2022 (USD Million)
Table 11 Market for Retrofit Installation, By Product Type, 2013-2022 (USD Million)
Table 12 Market for Retrofit Installation, By Product Type, 2013-2022 (Million Units)
Table 13 Retrofit Installation LED Lighting Market for Indoor Lighting, By Type, 2013-2022 (USD Million)
Table 14 Retrofit Installation LED Lighting Market for Outdoor Lighting, By Type, 2013-2022 (USD Million)
Table 15 Market for Retrofit Installation, By Region, 2013-2022 (USD Million)
Table 16 Market, By End-Use Application, 2013-2022 (USD Million)
Table 17 Market, By End-Use Application, 2013-2022 (Million Units)
Table 18 Market for Indoor Lighting Application, By Type, 2013-2022 (USD Million)
Table 19 Market for Indoor Lighting Application, By Type, 2013-2022 (Million Units)
Table 20 Market for Indoor Lighting Application, By Region, 2013-2022 (USD Million)
Table 21 Market for Indoor Lighting Application, By Region, 2013-2022 (Million Units)
Table 22 Market for Residential Indoor Lighting Application, By Region, 2013-2022 (USD Million)
Table 23 Market for Commercial Indoor Lighting Application, By Region, 2013-2022 (USD Million)
Table 24 LED Lighting Market for Industrial Indoor Lighting Application, By Region, 2013-2022 (USD Million)
Table 25 Market for Other Indoor Lighting Applications, By Region, 2013-2022 (USD Million)
Table 26 Market for Indoor Lighting Application, By Installation Type, 2013-2022 (USD Million)
Table 27 LED Lighting Market for Residential Indoor Lighting Application, By Installation Type, 2013-2022 (USD Million)
Table 28 Market for Commercial Indoor Lighting Application, By Installation Type, 2013-2022 (USD Million)
Table 29 Market for Industrial Indoor Lighting Application, By Installation Type, 2013-2022 (USD Million)
Table 30 Market for Other Indoor Lighting Applications, By Installation Type, 2013-2022 (USD Million)
Table 31 Market for Outdoor Lighting Application, By Type, 2013-2022 (USD Million)
Table 32 Market for Outdoor Lighting Application, By Type, 2013-2022 (Million Units)
Table 33 LED Lighting Market for Outdoor Lighting Application, By Region, 2013-2022 (USD Million)
Table 34 Market for Outdoor Lighting Application, By Region, 2013-2022 (Million Units)
Table 35 LED Lighting Market for Highway and Roadway Outdoor Lighting Application, By Region, 2013-2022 (USD Million)
Table 36 Market for Architectural Outdoor Lighting Application, By Region, 2013-2022 (USD Million)
Table 37 Market for Public Places Outdoor Lighting Application, By Region, 2013-2022 (USD Million)
Table 38 Market for Other Outdoor Lighting Applications, By Region, 2013-2022 (USD Million)
Table 39 Market for Outdoor Lighting Application, By Installation Type, 2013-2022 (USD Million)
Table 40 Market for Highway and Roadway Outdoor Lighting Application, By Installation Type, 2013-2022 (USD Million)
Table 41 LED Lighting Market for Architectural Outdoor Lighting Application, By Installation Type, 2013-2022 (USD Million)
Table 42 Market for Public Places Outdoor Lighting Application, By Installation Type, 2013-2022 (USD Million)
Table 43 Market for Other Outdoor Lighting Applications, By Installation Type, 2013-2022 (USD Million)
Table 44 Market, By Product Type, 2013-2022 (USD Million)
Table 45 Market, By Product Type, 2013-2022 (Million Units)
Table 46 Market for Lamps, By Installation Type, 2013-2022 (USD Million)
Table 47 Market for Lamps, By Installation Type, 2013-2022 (Million Units)
Table 48 Market for Luminaires, By Installation Type, 2013-2022 (USD Million)
Table 49 LED Lighting Market for Luminaires, By Installation Type, 2013-2022 (Million Units)
Table 50 Market, By Region, 2013-2022 (USD Million)
Table 51 LED Lighting Market, By Region, 2013-2022 (Million Units)
Table 52 Market in North America, By End-Use Application, 2013-2022 (USD Million)
Table 53 Market in North America for Indoor Lighting, By Type, 2013-2022 (USD Million)
Table 54 Market in North America for Outdoor Lighting, By Type, 2013-2022 (USD Million)
Table 55 Market in North America, By Installation Type, 2013-2022 (USD Million)
Table 56 LED Lighting Market in North America, By Country, 2013-2022 (USD Million)
Table 57 Market of Europe, By End-Use Application, 2013-2022 (USD Million)
Table 58 Market in Europe for Indoor Lighting, By Type, 2013-2022 (USD Million)
Table 59 Market in Europe for Outdoor Lighting, By Type, 2013-2022 (USD Million)
Table 60 Market in Europe, By Installation Type, 2013-2022 (USD Million)
Table 61 Market in Europe, By Country, 2013-2022 (USD Million)
Table 62 Market in Asia-Pacific, By End-Use Application, 2013-2022 (USD Million)
Table 63 LED Lighting Market in Asia-Pacific for Indoor Lighting, By Type, 2013-2022 (USD Million)
Table 64 Market in Asia-Pacific for Outdoor Lighting, By Type, 2013-2022 (USD Million)
Table 65 Market in Asia-Pacific, By Installation Type, 2013-2022 (USD Million)
Table 66 LED Lighting Market in Asia-Pacific, By Country,2013-2022 (USD Million)
Table 67 Market in RoW, By End-Use Application, 2013-2022 (USD Million)
Table 68 Market in Asia-Pacific for Indoor Lighting, By Type, 2013-2022 (USD Million)
Table 69 Market in RoW for Outdoor Lighting, By Type, 2013-2022 (USD Million)
Table 70 Market in RoW, By Installation Type, 2013-2022 (USD Million)
Table 71 Market in RoW, By Region, 2013-2022 (USD Million)
Table 72 Ranking of the Top 5 Players in the Market, 2015
Table 73 New Product Launches, Expansions, and Patents in the Market, 2015-2016
Table 74 Alliances, Business Expansions, and Contracts in the Market, 2016

List of Figures

Figure 1 Market Segmentation
Figure 2 LED Lighting Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Global Market (Value and Volume), 2016-2022
Figure 7 Indoor Lighting Application Expected to Hold A Larger Size of the LED Lighting Market Between 2016 and 2022
Figure 8 New Installation Expected to Hold A Larger Size of the Market During the Forecast Period
Figure 9 Lamps Expected to Hold A Larger Size of the Market By 2022
Figure 10 Asia-Pacific Accounted for the Largest Share of the Market in 2015
Figure 11 Market Offers Lucrative Opportunities Owing to the Rapid Rise of the New Solutions/Systems Sector
Figure 12 New Installation Expected to Hold A Large Market Share During the Forecast Period
Figure 13 Market for Indoor Lighting Expected to Exhibit High Growth During the Forecast Period
Figure 14 Market for Lamps Expected to Dominate During the Forecast Period
Figure 15 Asia-Pacific Expected to Dominate the Market During the Forecast Period in Terms of Market Revenue
Figure 16 Evolution of Light and LED Lighting
Figure 17 LED Lighting Market, By Geography
Figure 18 Market Dynamics: Overview
Figure 19 U.S. Annual Energy Consumption in Commercial Buildings, 2011
Figure 20 Reduction in LED Prices
Figure 21 Market: Value Chain Analysis
Figure 22 Greater Vertical Integration-Leading Trend Among Key Market Players
Figure 23 Porter’s Five Forces Analysis
Figure 24 Porter’s Five Forces: Impact Analysis
Figure 25 Bargaining Power of Suppliers in the LED Lighting Market, 2015
Figure 26 Bargaining Power of Buyers in the Market, 2015
Figure 27 Threat of New Entrants in the LED Lighting Market, 2015
Figure 28 Threat of Substitutes in the Market, 2015
Figure 29 Competitive Rivalry in the LEMarket, 2015
Figure 30 LED Lighting Market, By Installation Type
Figure 31 Market for New Installation, By Product Type (Million Units)
Figure 32 Luminaires for Retrofit Installation, in the Market is Expected to Dominate During the Forecast Period
Figure 33 Market for Retrofit Installation Will Be Dominated By APAC During the Forecast Period
Figure 34 Market, By End-Use Application
Figure 35 Residential Indoor Lighting Estimated to Lead the Market During the Forecast Period
Figure 36 APAC Will Dominate the Residential Indoor Lighting Market During the Forecast Period
Figure 37 Market for New Installation in the Commercial Indoor Lighting to Lead During the Forecast Period
Figure 38 Highway & Roadway Outdoor Lighting is Expected to Experience the Highest Growth Rate During the Forecast Period
Figure 39 New Installation Will Lead the Market for Outdoor Lighting During the Forecast Period
Figure 40 LED Lighting Market, By Product Type
Figure 41 New Installation are Expected to Lead the LED Lighting Market for Lamps
Figure 42 Geographic Snapshot of the Market
Figure 43 Snapshot of the Market in North America
Figure 44 Snapshot of the Market in Europe
Figure 45 Snapshot of the Market in APAC
Figure 46 Companies Adopted New Product Launches as the Key Growth Strategy Between 2014 and 2016
Figure 47 Market Evaluation Framework: Contracts, Agreements, Partnerships, and Alliances Fueled Growth and Innovation Between 2014 and 2016
Figure 48 Battle for Market Share: New Product Launches and Product Developments Were the Key Strategies Adopted Between 2015 and 2016
Figure 49 Geographic Revenue Mix of the Major Players in the LED Lighting Market, 2015
Figure 50 Philips Lighting Holding B.V.: Company Snapshot
Figure 51 Philips Lighting Holding B.V.: SWOT Analysis
Figure 52 General Electric Company: Company Snapshot
Figure 53 General Electric Company: SWOT Analysis
Figure 54 Osram Licht AG: Company Snapshot
Figure 55 Osram Licht AG: SWOT Analysis
Figure 56 Cree, Inc.: Company Snapshot
Figure 57 Cree, Inc.: SWOT Analysis
Figure 58 Cooper Industries, Inc.: Company Snapshot
Figure 59 Cooper Industries, Inc.: SWOT Analysis
Figure 60 Dialight PLC: Company Snapshot
Figure 61 Zumtobel Group AG: Company Snapshot
Figure 62 Samsung: Company Snapshot
Figure 63 Sharp Corporation: Company Snapshot
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cooper Industries, Inc.
  • Cree, Inc.
  • Dialight PLC
  • General Electric Company
  • Osram Licht AG
  • Samsung
  • MORE

The global LED lighting market is expected to exhibit a good growth potential till 2022. The global market is expected to be valued at USD 92.40 Billion by 2022 and is expected to witness a shipment of 14.01 Billion units by 2022, at a CAGR of 13.66% and 21.23%, respectively, between 2016 and 2022. The increasing consumer demand for energy-efficient lighting systems, reduction in prices of LEDs, and increasing penetration of LEDs as a light source in the general lighting market are expected to drive the growth of this market.

In the market by end-use application, indoor lighting is expected to have a higher growth rate than outdoor lighting. The reason for the large market size and high growth rate of indoor lighting is increasing infrastructural activities across the world, mainly focused on residential lighting.

In the market by installation type, retrofit installation is expected to experience the highest growth. Increasing replacement of incandescent lamps with energy-efficient light sources such as LED lamps is the major factor contributing to the growth of the market for retrofit installation. The old generation lamps are being slowly phased out and the fixtures are being retrofitted with LED lamps as they offer a longer working life and also consume less energy.

In the market by product type, the lamps segment is expected to be the dominant market within the market. The lamps subsegment is expected to be the dominant market as it is the major light source and main component of an LED lighting system.

Asia-Pacific held the largest share of the LED lighting market in 2015, while the market in Europe is expected to be the second largest by 2022. Europe has a population that has a relatively high standard of living. The people in this region have the required financial means to invest in smart homes which are fitted with several innovative LED lighting systems. The high growth of the market in APAC can be attributed to the ongoing infrastructure modernization projects in the developing economies such as China and India, where the governments have approved the construction of several smart cities.

Lack of awareness regarding installation costs and payback periods and development of alternative technologies are the major restraints for the growth of this market. The major players in the market are Phillips Lighting Holding B.V. (Netherlands), General Electric Company (U.S.), OSRAM Licht AG (Germany), Cree, Inc. (U.S.), and Cooper Industries, Inc. (Ireland), among others. These players adopted various strategies such as new product developments, partnerships, collaborations, and business expansions to boost their revenue in the LED lighting market.

Note: Product cover images may vary from those shown
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  • Cooper Industries, Inc.
  • Cree, Inc.
  • Dialight PLC
  • General Electric Company
  • Osram Licht AG
  • Philips Lighting Holding B.V.
  • Samsung
  • Sharp Corporation
  • Virtual Extension
  • Zumtobel Group AG
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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