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LED Panel Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • ID: 4775724
  • Report
  • Region: Global
  • 117 pages
  • IMARC Group
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The global LED panel light market was worth US$ 15.02 Billion in 2018. LED panel light is a type of lighting fixture that is highly energy efficient and cost-effective, long-lasting, gives uniform light output, and requires less maintenance. Owing to these advantages, it is rapidly replacing conventional fluorescent ceiling lights and is considered one of the best lighting alternatives for indoor settings. Due to good structural design for heat dissipation and light emitting on sides, LED panel lights can disperse heat quickly which helps to extend their life span. Nowadays, the demand for these lights is high across the globe as they are available in various shapes, sizes and designs that are suitable for offices and conference rooms, hotels and restaurants, showrooms and malls, hospitals and laboratories, and educational institutes.

Unlike fluorescent light fixtures, LED panel lights have no-restrike delays and can start instantly and can be easily installed in fast retrofitting situations. Apart from this, these lights are rapidly gaining preference in highly controlled environments owing to their advanced features including dimmability, remote plug and play drivers, maintained three hours emergency options, compatibility with building controls, motion sensors and timers. They are also being considered as a green alternative to traditional light fixtures as they are constructed with non-hazardous materials such as high-grade extruded aluminum and steel which have no disposal issues. Owing to these benefits, governments of various nations are also encouraging the use of LED panel lights to conserve energy and promote environmental protection. Moreover, with the advancements in the LED technology, manufacturers have launched LED products in new color variants, which is further contributing to their demand. According to the estimates, the market is anticipated to exceed US$ 32.28 Billion by 2024, growing at a CAGR of 13.86% during 2019-2024.

Breakup by Application:

Retrofit
Retail & Hospitality
Outdoor
Offices
Architectural
Residential
Industrial

Retrofit currently represents the largest application segment, accounting for the majority of the global LED lighting market share. Retrofitting of existing lighting fixtures with LED lights has gained immense popularity in both the indoor and outdoor lighting segments.

Regional Insights:

India
China
Europe
United States
Japan
Brazil
Russia
Others

On the geographical front, China exhibits a clear dominance in the global LED lighting market. The increasing number of malls, hotels and other commercial complexes in the country have escalated the demand for LED lights.

Competitive Landscape:

The market is highly concentrated with the presence of a few small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

Nichia
Osram
Samsung Electronics
Everlight Electronics
LG Innotek

Key Questions Answered in This Report:

How has the global LED lighting market performed so far and how will it perform in the coming years?
How has the global LED panel light market performed so far and how will it perform in the coming years?
What are the key regional markets in the global LED lighting industry?
Which are the key application areas in the global LED lighting industry?
What are the key product types in the global LED lighting industry?
What are the various stages in the value chain of the global LED lighting industry?
What are the key driving factors and challenges in the global LED lighting industry?
What is the structure of the global LED lighting industry and who are the key players?
What is the degree of competition in the global LED lighting industry?
What are the profit margins in the LED lighting industry?
What are the key requirements for setting up a LED panel light manufacturing plant?
How is LED panel light manufactured?
What are the various unit operations involved in a LED panel light manufacturing plant?
What is the total size of land required for setting up a LED panel light manufacturing plant?
What are the machinery requirements for setting up a LED panel light manufacturing plant?
What are the raw material requirements for setting up a LED panel light manufacturing plant?
What are the packaging requirements for LED panel light?
What are the transportation requirements for LED panel light?
What are the utility requirements for setting up a LED panel light manufacturing plant?
What are the manpower requirements for setting up a LED panel light manufacturing plant?
What are the capital costs for setting up a LED panel light manufacturing plant?
What will be the income and expenditures for a LED panel light manufacturing plant?
What is the time required to break-even?
Note: Product cover images may vary from those shown
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1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global LED Lighting Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 LED Panel Light Market
5.4 Market Breakup by Region
5.5 Market Breakup by Application
5.6 Market by LED Products: LED Lamps, Modules and Fixtures
5.6.1 Current and Historical Market Trends
5.6.2 Market Forecast
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Primary Raw Materials Suppliers
5.9.2 LED Chip Manufacturers
5.9.3 LED Package and Module Manufacturers
5.9.4 Lighting Products, Electronic Products and Automotive Part Manufacturers
5.9.5 Product Distribution
5.9.6 End Users
5.10 Porter's Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Key Success and Risk Factors for LED Panel Light Manufacturers
5.12 Comparative Analysis of CFL and LED
5.13 Price Analysis
5.13.1 Key Price Indicators
5.13.2 Price Structure

6 Performance of Key Regions
6.1 India
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 China
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Europe
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 United States
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Japan
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Brazil
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Russia
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast

7 Market by Application
7.1 Retrofit
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Retail & Hospitality
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Outdoor
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Offices
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Architectural
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Residential
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Industrial
7.7.1 Market Trends
7.7.2 Market Forecast

8 Competitive Landscape
8.1 Market Structure
8.2 Market Breakup by Key Players

9 LED Panel Light Manufacturing Process
9.1 Product Overview and Specifications
9.2 Key Features and Advantages
9.3 Key Application Areas
9.3.1 Offices and Conference Rooms
9.3.2 Hotels and Restaurants
9.3.3 Showrooms and Malls
9.3.4 Hospitals and Laboratories
9.4 Popular Shapes and Sizes
9.4.1 LED Panel Light Box Series (Square)
9.4.2 LED Panel Light Slim Series (Round)
9.4.3 LED Panel Light Slim Series (Square)
9.4.4 LED Panel Light Slim Series (Rectangular)
9.5 Design Material Alternatives
9.5.1 Extruded Aluminium Frame
9.5.2 Steel Sheet Frame
9.5.3 Steel Sheet Frame Coated/Finished with White Powder
9.5.4 Metallized or White Reflector
9.5.5 Clear or Matted Lens
9.6 Manufacturing Process
9.7 Raw Material Requirements
9.8 Raw Material Pictures

10 Project Details, Requirements and Costs Involved
10.1 Land Requirements and Expenditures
10.2 Construction Requirements and Expenditures
10.3 Plant Machinery
10.4 Machinery Pictures
10.5 Raw Material Requirements and Expenditures
10.6 Raw Material and Final Product Pictures
10.7 Packaging Requirements and Expenditures
10.8 Transportation Requirements and Expenditures
10.9 Utility Requirements and Expenditures
10.10 Manpower Requirements and Expenditures
10.11 Other Capital Investments

11 Loans and Financial Assistance

12 Project Economics
12.1 Capital Cost of the Project
12.2 Techno-Economic Parameters
12.3 Product Pricing and Margins Across Various Levels of the Supply Chain
12.4 Taxation and Depreciation
12.5 Income Projections
12.6 Expenditure Projections
12.7 Financial Analysis
12.8 Profit Analysis

13 Key Player Profiles
Note: Product cover images may vary from those shown
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