2020 Annual Update of Global LED Lighting Market

2020 Annual Update of Global LED Lighting Market

Sustainable Lighting That Facilitates Better Living Conditions Will Grow Significantly

RELEASE DATE
04-Sep-2020
REGION
North America
Deliverable Type
Market Research
Research Code: MEFA-01-00-00-00
SKU: EN01205-NA-MT_24692
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2020 Annual Update of Global LED Lighting Market
Published on: 04-Sep-2020 | SKU: EN01205-NA-MT_24692

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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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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.--BEGIN PROMO--

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?
More Information
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