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2020 Annual Update of Global LED Lighting Market
Sustainable Lighting That Facilitates Better Living Conditions Will Grow Significantly
04-Sep-2020
North America
Market Research
MEFA-01-00-00-00
EN01205-NA-MT_24692
LED lighting has grown from strength to strength over the last decade driven by energy efficiency regulations, widespread manufacturing and reduced prices of LED light sources. Approximately 15% of building energy is utilized for lighting and the usage of LED's have resulted in significant energy savings to buildings across the globe. Lighting is moving beyond its traditional purpose of illumination and adding value on tangible aspects of sustainability irrespective of the market.
The global LED lighting market is a highly competitive market, driven by the demand for energy efficient lighting, reduced prices and increasing awareness on the potential health benefits to human beings. The global LED lighting market is estimated to be $67,714.7 million in 2019, an increase of 3.2% from 2018. The revenue forecast includes the impact of COVID-19 on the LED lighting market and its effect on growth rate. The market is heading towards consolidation - over the last two years, major players have either sold part of their lighting business or have been wholly acquired by another company.
Smart and color-tunable LEDs are currently on demand for the controllability they offer in commercial and hospitality segments. At the same time, companies are also focused on circadian lighting – lighting that supports the key aspect of well-being. Leading players are already working with healthcare facilities across the globe to accelerate the use of UVC LEDs to eliminate the threat of infection from touch or contact. Horticultural lighting gained prominence during the last few years. Companies are also optimistic about the prospect of additional value and revenue streams from data transmission through light (Li-Fi). Pilot and field testing for Li-Fi installation have been carried out in schools, offices, hospitals and even inside flights.
Research Scope
This study provides a detailed analysis, covering 9 application segments (residential, retail, architectural, automotive, outdoor, office, industrial, healthcare and hospitality) in 5 regions (North America, Europe, Latin America, the Middle East and Africa, and Asia-Pacific).
The study also focuses on the distribution channel adopted, price trends, growth opportunities and an in-depth breakdown of revenue and competitive landscape by region.
Key Issues Addressed
- What is the anticipated growth of the market between 2019 and 2026?
- What external forces affect market growth and how significant is their impact?
- What is the global average pricing trend of a LED light source and what influences pricing?
- Who are the key market participants and what are their competitive strengths?
- What are the macro and micro trends and their implications on the global LED lighting market?
Key Findings
Market Engineering Measurements
Market Engineering Measurements (continued)
Executive Summary—CEO’s Perspective
Associated Multimedia and Related Research
Market Definitions
Market Definitions (continued)
Key Questions This Study Will Answer
Market Segmentation by Application
Market Segmentation by Region
Market Distribution Channels
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Market Engineering Measurements
Market Engineering Measurements (continued)
Revenue Forecast (Impact of COVID-19)
Revenue Forecast Discussion
Pricing Trends and Forecasts
Pricing Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Discussion by Region
Percent Revenue Forecast by Application
Revenue Forecast by Application
Revenue Forecast Discussion by Application
Percent Revenue Forecast by Distribution Channel
Percent Revenue Forecast Discussion by Distribution Channel
Market Share
Market Share Analysis
Market Share Analysis (continued)
Global LED Lighting Market—Companies Ecosystem
Competitive Environment
Growth Opportunity 1—LaaS Business Model
Growth Opportunity 2—Circular Economy for LED Lighting
Growth Opportunity 3—Digital LED Lights for Automobiles
Growth Opportunity 4—UVC-LEDs for Disinfection
Strategic Imperatives for Success and Growth
LED Market in North America—Key Findings
LED Market in North America—Revenue Forecast
LED Market in North America—Revenue Forecast Discussion
LED Market in North America—Revenue Forecast by Application
LED Market in North America—Revenue Forecast Discussion by Application
LED Market in North America—Competitive Landscape
LED Market in North America—Competitive Environment
LED Market in North America—Competitive Factors and Assessment
LED Market in Europe—Key Findings
LED Market in Europe—Revenue Forecast
LED Market in Europe—Revenue Forecast Discussion
LED Market in Europe—Revenue Forecast by Application
LED Market in Europe—Revenue Forecast Discussion by Application
LED Market in Europe—Competitive Landscape
LED Market in Europe—Environment
LED Market in Europe—Competitive Factors and Assessment
LED Market in Asia-Pacific—Key Findings
LED Market in Asia-Pacific—Revenue Forecast
LED Market in Asia-Pacific—Revenue Forecast Discussion
LED Market in Asia-Pacific—Revenue Forecast by Application
LED Market in Asia-Pacific—Revenue Forecast Discussion by Application
LED Market in Asia-Pacific—Competitive Landscape
LED Market in Asia-Pacific—Competitive Environment
LED Market in Asia-Pacific—Competitive Factors and Assessment
LED Market in the Middle East and Africa—Key Findings
LED Market in the Middle East and Africa—Revenue Forecast
LED Market in the Middle East and Africa—Revenue Forecast Discussion
LED Market in the Middle East and Africa—Revenue Forecast by Application
LED Market in the Middle East and Africa—Revenue Forecast Discussion by Application
LED Market in the Middle East and Africa—Competitive Landscape
LED Market in the Middle East and Africa—Competitive Structure
LED Market in the Middle East and Africa—Competitive Factors and Assessment
LED Market in Latin America—Key Findings
LED Market in Latin America—Revenue Forecast
LED Market in Latin America—Revenue Forecast Discussion
LED Market in Latin America—Revenue Forecast by Application
LED Market in Latin America—Revenue Forecast Discussion by Application
LED Market in Latin America—Competitive Landscape
LED Market in Latin America—Competitive Environment
LED Market in Latin America—Competitive Factors and Assessment
The Last Word—3 Big Predictions
Legal Disclaimer
Lists of Other Companies
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
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Research Scope
This study provides a detailed analysis, covering 9 application segments (residential, retail, architectural, automotive, outdoor, office, industrial, healthcare and hospitality) in 5 regions (North America, Europe, Latin America, the Middle East and Africa, and Asia-Pacific).
The study also focuses on the distribution channel adopted, price trends, growth opportunities and an in-depth breakdown of revenue and competitive landscape by region.
Key Issues Addressed
- What is the anticipated growth of the market between 2019 and 2026?
- What external forces affect market growth and how significant is their impact?
- What is the global average pricing trend of a LED light source and what influences pricing?
- Who are the key market participants and what are their competitive strengths?
- What are the macro and micro trends and their implications on the global LED lighting market?
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Dennis Marcell Victor |
| Industries | Environment |
| WIP Number | MEFA-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9307-A4,9343-A4,GETE |
