Description
LED Lighting Market Research Report—Forecast Till 2027
Market Snapshot
The LED Lighting market is anticipated to grow at a healthy CAGR of 18.7% during the forecast period to surpass USD 1,51,951.1 million by the end of 2027. Lighting is often utilized in regular day to day existence.
It essentially affects the personal satisfaction and the efficiency of labor forces. Fake lighting expands the functioning day, permitting individuals to work in their homes, working environments, structures, and ventures. Lighting is one of the most affordable products for executing such arrangements.
LED lights and luminaires are rapidly becoming well known in everyday lighting applications across the world. This item request is expected to increment as LED innovation works on as far as execution and turns out to be more affordable, supplanting traditional light sources with more productive and higher-performing LED innovation.
The global market for LED Lighting is expected to register a notable market expansion owing to the highest market value of USD 53,136.2 million in 2020. The worldwide market development is credited to the developing prerequisite for energy productive lighting frameworks and the expanding center around LED normalization.
The worldwide LED Lighting market is driven by the rising prerequisite for energy-productive lighting frameworks, expanding center around LED normalization, and developing extension of cutting-edge lighting frameworks. Also, the improvement of cutting-edge lighting frameworks sets out a freedom for market development.
However, the lack of awareness of the LED lighting market is expected to restrain the market during the forecast period.
Market Segmentation
The global LED lighting market is categorized based on installation type, product type, distribution channel, and end-use application.
By installation type, the market is bifurcated into new installation and retrofit. The product type has been divided into luminaries and lamps. The lamps type is subclassified into bulb lamps, spot lamps, A-lamps, and T-lamps. The luminaires portion is additionally bifurcated into roof luminaires, downlight luminaires, strip luminaires and strip lights.
In view of conveyance channel, the worldwide LED lighting market has been separated into store-based and non-store based. In view of end-use application, has been fragmented into indoor lighting and outside lighting. The indoor lighting fragment is additionally bifurcated into business, private, modern and others.
While the outside lighting fragment is additionally sectioned as public places, highway and roadway, architectural, and others.
Regional Analysis
Geographically, the LED Lighting market has been segmented into the North America, Europe, Asia-Pacific, and Rest of the World (ROW).
Asia-Pacific is expected to dominate the market with the approximate CAGR of 21.1% during the review period. The market was valued at USD 19,609.7 million in 2020. The regional market development is propelled by the rising demand for energy effective lightning arrangements and the rising spotlight on LED standardization is upgrading.
Leading LED lighting firms from the United States and the United Kingdom are also broadening their errands in Asia-Pacific. Additionally, in Asia-Pacific emerging countries, government normal procedures and the improvement of new lighting structures are critical components.
North America was the second-largest market in 2020, valued at USD 11,267.1 million; the market is projected to exhibit a CAGR of 17.3%.
Major Players
The major market players of the global LED lighting market are GE Lighting, Philips Lighting Holding B.V, Samsun, Osram Licht AG, and Cooper Lighting Solutions
COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries.
Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 INCREASING DEMAND FOR ENERGY-EFFICIENT LIGHTING SYSTEMS
4.2.2 RISING FOCUS ON LED STANDARDIZATION
4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
4.3.1 LACK OF AWARENESS
4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 DEVELOPMENT OF ADVANCED LIGHTING SYSTEMS
4.5 IMPACT ANALYSIS OF COVID-19
4.5.1 IMPACT ON SEMICONDUCTOR MANUFACTURERS
4.5.2 IMPACT ON COMPONENT MANUFACTURERS
4.5.3 IMPACT ON DEVICE MANUFACTURERS
4.5.4 IMPACT ON SUPPLY CHAIN DELAYS
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS
5.1.1 HARDWARE/COMPONENT MANUFACTURERS
5.1.2 SOFTWARE DEVELOPERS
5.1.3 SYSTEM INTEGRATORS/SERVICE PROVIDERS
5.1.4 DISTRIBUTION CHANNELS
5.2 PORTERS FIVE FORCES
5.2.1 THREAT OF NEW ENTRANTS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF SUBSTITUTES
5.2.4 BARGAINING POWER OF BUYERS
5.2.5 INTENSITY OF RIVALRY
6 GLOBAL LED LIGHTING MARKET, BY INSTALLATION TYPE
6.1 OVERVIEW
6.1.1 MARKET ESTIMATES & FORECAST, 2019–2027
6.1.2 NEW INSTALLATION
6.1.3 RETROFIT
7 GLOBAL LED LIGHTING MARKET, BY PRODUCT TYPE
7.1 OVERVIEW
7.1.1 MARKET ESTIMATES & FORECAST, 2019–2027
7.1.2 LAMPS
7.1.2.1 MARKET ESTIMATES & FORECAST, 2019–2027
7.1.2.2 SPOT LAMPS
7.1.2.3 BULB LAMPS
7.1.2.4 A-LAMPS
7.1.2.5 T-LAMPS
7.1.3 LUMINAIRES
7.1.3.1 MARKET ESTIMATES & FORECAST, 2019–2027
7.1.3.2 CELLING LUMINAIRES
7.1.3.3 DOWNLIGHT LUMINAIRES
7.1.3.4 SPOTS LUMINAIRES
7.1.3.5 STRIP LIGHTS
8 GLOBAL LED LIGHTING MARKET, BY DISTRIBUTION CHANNEL
8.1 OVERVIEW
8.1.1 MARKET ESTIMATES & FORECAST, 2019–2027
8.1.2 STORE BASED
8.1.3 NON-STORE BASED
9 GLOBAL LED LIGHTING MARKET, BY END-USE APPLICATION
9.1 OVERVIEW
9.1.1 MARKET ESTIMATES & FORECAST, 2019–2027
9.1.2 INDOOR LIGHTING
9.1.2.1 MARKET ESTIMATES & FORECAST, 2019–2027
9.1.2.2 RESIDENTIAL
9.1.2.3 COMMERCIAL
9.1.2.4 INDUSTRIAL
9.1.2.5 OTHERS
9.1.3 OUTDOOR LIGHTING
9.1.3.1 MARKET ESTIMATES & FORECAST, 2019–2027
9.1.3.2 HIGHWAY AND ROADWAY
9.1.3.3 ARCHITECTURAL
9.1.3.4 PUBLIC PLACES
9.1.3.5 OTHERS
10 GLOBAL LED LIGHTING MARKET, BY REGION
10.1 OVERVIEW
10.1.1 MARKET ESTIMATES & FORECAST, 2019–2027
10.2 NORTH AMERICA
10.2.1 US
10.2.2 CANADA
10.2.3 MEXICO
10.3 EUROPE
10.3.1 UK
10.3.2 GERMANY
10.3.3 FRANCE
10.3.4 REST OF EUROPE
10.4 ASIA-PACIFIC
10.4.1 CHINA
10.4.2 JAPAN
10.4.3 INDIA
10.4.4 REST OF ASIA-PACIFIC
10.5 REST OF THE WORLD
10.5.1 SOUTH AMERICA
10.5.2 MIDDLE EAST & AFRICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 MARKET SHARE ANALYSIS
11.3 COMPETITIVE BENCHMARKING
11.4 COMPETITOR DASHBOARD
11.5 KEY DEVELOPMENT & GROWTH STRATEGIES
11.5.1 PRODUCT LAUNCH/ PRODUCT DEVELOPMENT/ PRODUCT EXPANSION
11.5.2 MERGER-ACQUISITION/ EXPANSION/ PARTNERSHIP/JOINT VENTURE
12 COMPANY PROFILES
12.1 SHARP CORPORATION
12.1.1 COMPANY OVERVIEW
12.1.2 FINANCIAL OVERVIEW
12.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.1.4 KEY DEVELOPMENTS
12.1.5 SWOT ANALYSIS
12.1.6 KEY STRATEGIES
12.2 DIGITAL LUMENS INC.
12.2.1 COMPANY OVERVIEW
12.2.2 FINANCIAL OVERVIEW
12.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.2.4 KEY DEVELOPMENTS
12.3 PHILLIPS LIGHTING HOLDING B.V.
12.3.1 COMPANY OVERVIEW
12.3.2 FINANCIAL OVERVIEW
12.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.3.4 KEY DEVELOPMENTS
12.3.5 SWOT ANALYSIS
12.3.6 KEY STRATEGIES
12.4 COOPER LIGHTING SOLUTIONS
12.4.1 COMPANY OVERVIEW
12.4.2 FINANCIAL OVERVIEW
12.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.4.4 KEY DEVELOPMENTS
12.4.5 SWOT ANALYSIS
12.4.6 KEY STRATEGIES
12.5 CREE LIGHTING
12.5.1 COMPANY OVERVIEW
12.5.2 FINANCIAL OVERVIEW
12.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.5.4 KEY DEVELOPMENTS
12.5.5 SWOT ANALYSIS
12.5.6 KEY STRATEGIES
12.6 OSRAM LICHT AG
12.6.1 COMPANY OVERVIEW
12.6.2 FINANCIAL OVERVIEW
12.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.6.4 KEY DEVELOPMENTS
12.6.5 SWOT ANALYSIS
12.6.6 KEY STRATEGIES
12.7 ZUMTOBEL GROUP
12.7.1 COMPANY OVERVIEW
12.7.2 FINANCIAL OVERVIEW
12.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.7.4 KEY DEVELOPMENTS
12.7.5 SWOT ANALYSIS
12.7.6 KEY STRATEGIES
12.8 ACUITY BRANDS LIGHTING INC
12.8.1 COMPANY OVERVIEW
12.8.2 FINANCIAL OVERVIEW
12.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.8.4 KEY DEVELOPMENTS
12.8.5 SWOT ANALYSIS
12.8.6 KEY STRATEGIES
12.9 HUBBELL INC
12.9.1 COMPANY OVERVIEW
12.9.2 FINANCIAL OVERVIEW
12.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.9.4 KEY DEVELOPMENTS
12.9.5 SWOT ANALYSIS
12.9.6 KEY STRATEGIES
12.10 LSI INDUSTRIES INC
12.10.1 COMPANY OVERVIEW
12.10.2 FINANCIAL OVERVIEW
12.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.10.4 KEY DEVELOPMENTS
12.10.5 SWOT ANALYSIS
12.10.6 KEY STRATEGIES
12.11 DIALIGHT PLC
12.11.1 COMPANY OVERVIEW
12.11.2 FINANCIAL OVERVIEW
12.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.11.4 KEY DEVELOPMENTS
12.11.5 SWOT ANALYSIS
12.11.6 KEY STRATEGIES
12.12 SAMSUNG ELECTRONICS
12.12.1 COMPANY OVERVIEW
12.12.2 FINANCIAL OVERVIEW
12.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.12.4 KEY DEVELOPMENTS
12.12.5 SWOT ANALYSIS
12.12.6 KEY STRATEGIES
12.13 SAVANT TECHNOLOGIES LLC (GE LIGHTING)
12.13.1 COMPANY OVERVIEW
12.13.2 FINANCIAL OVERVIEW
12.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.13.4 KEY DEVELOPMENTS
12.13.5 SWOT ANALYSIS
12.13.6 KEY STRATEGIES
12.14 EATON CORPORATION
12.14.1 COMPANY OVERVIEW
12.14.2 FINANCIAL OVERVIEW
12.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
12.14.4 KEY DEVELOPMENTS
12.14.5 SWOT ANALYSIS
12.14.6 KEY STRATEGIES
12.15 LUMIGROW, INC.
12.15.1 COMPANY OVERVIEW
12.15.2 FINANCIAL OVERVIEW
12.15.3 PRODUCTS OFFERED
12.15.4 KEY DEVELOPMENTS
12.15.5 SWOT ANALYSIS
12.15.6 KEY STRATEGIES
Companies Mentioned
GE Lighting, Philips Lighting Holding B.V, Samsun, Osram Licht AG, and Cooper Lighting Solutions
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