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General Lighting: Global Markets

  • March 2014
  • -
  • BCC Research
  • -
  • 171 pages

Summary

Table of Contents

REPORT HIGHLIGHTS

The global market for general lighting reached nearly $25.7 billion in 2012. This market is expected to grow to nearly $29.8 billion in 2013 and $47.6 billion in 2018 with a compound annual growth rate (CAGR) of 9.8% over the five-year period from 2013 to 2018.

This report provides:


An overview of the global market for general lighting
Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
A look at how a slowdown in residential construction has become a significant barrier for general lighting manufacturers
Specific strategies to help provide market penetration based on the opportunities available
Comprehensive profiles of leading companies in the industry.

STUDY AND OBJECTIVE

The objectives of this market research report are to:
Define, identify and analyze major market segments and structure in the overall general lighting market.
Identify key market dynamics, trends, opportunities and factors impacting the global general lighting market and its subsegments.
Forecast the size of the overall general lighting market and analyze it on the basis of type, application, end user, distribution channel and geography.
Identify major stakeholders and analyze the competitive landscape on the basis of recent developments.
Analyze market trends and consumer behavior concerning lighting products based on price and other factors.
Identify the trends, gaps and opportunities in each of the micro-markets.
Understand the effect of environmental concerns on this market.
Analyze and understand the need for technologically advanced lighting systems.

STUDY BACKGROUND

There currently is a significant transformation in the global lighting market, with increased adoption of LEDs for general lighting. The conventional market for general lighting was dominated by lamps and luminary market participants; however, semi-conductor players now have a major role in the market. This has resulted in a major shift not only with respect to prices and supply but also with respect to market dynamics, customer expectations and modus operandi.Although there is an increase in disposable income, the recent slowdown of residential construction is a significant barrier for the general lighting manufacturers. The residential lighting market is limited to innovations, personal preferences and budgets.

On the contrary, the market is presenting significant opportunities for energy-efficient technologies, and Asia holds huge potential. In such complex and dynamic market scenarios, the general lighting (ambient lighting) market will provide specific strategies that will enhance market penetration. Currently, the transition of focus from commodity-based lighting technologies to high-end general lighting technologies has resulted in traction toward value-based sales. Manufacturers are expected to understand the customer’s demands, existing infrastructure and design lighting systems accordingly. The percentage of users demanding product performance and energy efficiency is steadily escalating against the users focusing on prices, increasing investment in R&D. Shorter life of lights has resulted in quick turnover of revenues due to replacements. However, customers are now starting to demand long-life products or may switch brands.

Important general lighting market segments such as types of display, components, category wise pricing, application, end users, distribution channels, major manufacturers and factors influencing demand are discussed. General lighting refers to main lighting in the room or a venue that replaces daylight through lighting control, and hence consumes a lot of electrical energy for its functioning. Thus, energy-saving and eco-friendly lighting technologies are being created to combat exhaustible feedstock used to generate energy. Innovation of technologies such as LED has transformed the general lighting market to a new level. The major driver for this market is reducing energy consumption, technological advancements and increasing demand for various end-user markets. However, the costs of manufacturing specialized products catering to specific needs such as products that consume less power, as well as durability, need to be contained.

SCOPE OF THE REPORT

This report represents an in-depth analysis of the global general lighting market by display type, application, end users, distribution channel, pricing and region. This report further discusses various existing lighting display types such as LED, CFL, halogen, HID, and lighting control systems. This report also discusses various stakeholders involved in the distribution channels: manufacturers, wholesalers and retailers. The report also discusses strategies adopted by major players in the global general lighting market. Patent analysis provides technological trends in the global market across years as well as geographies, namely the U.S., Europe and Japan.

The general lighting market is segmented on the basis of type of display as LED (light-emitting diode), CFLs (compact fluorescent lamps), incandescent lamps, halogen lamps, linear fluorescent lamps and HID (high-intensity discharge). System control components include lighting control sensors, lighting controllers, lighting management systems and others such as dimmers and timers. The market is also segmented by applications, end users and distribution channels. The market is segmented by region into North America, Europe, Asia-Pacific and others. This report exclusively focuses on general lighting used for ambient purposes and excludes markets for backlighting, automotive lights and other specialty applications.

INTENDED AUDIENCE

The intended audience includes:
Lighting technologies and display manufacturers and potential entrants.
Wholesalers, distributors and retailers of lighting technologies.
Research institutes and associations.

SOURCES OF INFORMATION AND METHODOLOGY

The global general lighting market is analyzed and market estimates are determined through a bottom-up approach. Submarket revenues add up to the macro markets. The process adopted for the study was as follows.
Primary and secondary study was conducted.
Primary research included gathering market intelligence from key market players and participants include CEOs, sales heads, marketing managers, etc.
Secondary research included collation of data from freely available sources as well as paid subscriptions.
The geographical analysis was done by focusing on various parameters such as number of market players, pricing in particular regions, research activities, demand supply status and future potential.

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