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LED Lighting Market by Installation Type, End-Use Application, Product Type, and Geography - Global Forecast to 2022

LED Lighting Market: Global Forecast until 2022

  • January 2017
  • 152 pages
  • ID: 4626495
In this report:
The LED lighting market, in terms of volume, is expected to register a shipment of ##,##.## million units by 2022 from ##,##.## million units in 2015, at a CAGR of ##.##% during the forecast period.
The LED lighting market segmented on the basis of region registered a shipment of ##,##.## million units in 2015 and is expected to witness a shipment of ##,##.## million units by 2022, at a CAGR of ##.##% during the forecast period.


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"LED lighting market forecasted to grow at an important rate between 2016 and 2022"

The overall LED lighting market is anticipated to be valued at ~$92.4B by 2022 and is anticipated to witness a shipment of 14.01 billion units by 2022, at a compound annual growth rate of ~13.7 percent and ~21.2 percent, respectively, between 2016 and 2022. The growing consumer demand for energy-efficient lighting systems, reduction in prices of LEDs, and rising penetration of LEDs as a light source in the general lighting market are forecast to steer the increase of this market. Lack of awareness regarding installation costs and payback periods and development of alternative technologies are inhibiting the rise of the LED lighting market.

"Indoor lighting anticipated to be the leading end-use application segment of the LED lighting market"

The important market size and high increase rate of indoor lighting application is attributed to the growing infrastructural activities across the globe, primarily focused on residential lighting. Other Elements such as low maintenance costs and low power consumption make LED lamps a good choice for room lighting by residential consumers.

"Asia-Pac forecasted to hold the biggest market share during the estimate period"

The industry in Asia Pacific (APAC) is anticipated to grow at an important rate during the outlook period. The combination of multiple factors makes APAC the most dynamic area in the LED lighting market. The reason for Asia-Pac to be the leading market is it is home to some of the top actors in the LED lighting market including Sharp Corporation and Samsung. Besides this, Asia-Pacific has a very big population with a standard of living that is improving every day, and there is an rising increase of smart homes. The countries of the APAC area are also introducing legislations for energy efficiency and LED lighting.

In the process of finding out and checking the market value for various segments and subsegments of the LED lighting collected by the secondary research, extensive primary audit sessions have been managed with main experts. The breakup of the profiles of primary members taking part is shown below.

- By Company Type: Tier 1 - 20.0 percent, Tier 2 - 45.0 percent, and 1/3 3 - 35.0 percent

- By Designation: C-Level Executives- 35.0 percent, Directors- 25.0 percent, and Others - 40.0 percent

- By area: North america (NA) - 20.0 percent, Europe - 45.0 percent, APAC - 30.0 percent, and rest of the world - 5.0 percent

The geographic segmentation in the market research contains the four main regions of the world, that is, North America continent, Europe (EU), Asia-Pac, and RoW. The report also profiles main actors in the LED lighting market. Some of the main players in this industry are Phillips Lighting Holding B.V., General Electric (NYSE:GE), OSRAM Licht AG, Cree, Incorporated, Cooper Markets, Incorporated, Virtual Extension, Dialight plc, Zumtobel Group AG, Samsung, and Sharp Corporation, among others.

Segment Research

The product type segment in the industry report includes the market value for lamps and luminaires of an LED lighting system. The installation type segment contains the distinct types of installations, that is, new installation and retrofit installation. The end-use application segment includes indoor lighting and outdoor lighting.

The study also includes Porter's five forces analysis, value chain study with a in-depth process flow diagram, and market dynamics including drivers, market restraints, alternatives, and opportunities for the LED lighting market.

Why Purchasing This Study Can Help You:

This industry report caters to the needs of leading firms, sectors, component manufacturers, and other related stakeholders in this sector. Other parties that could benefit from the analysis contain government bodies, environmental agencies, consulting firms, business development executives, C-suite executives, and VPs. Our industry report would help analyze new opportunities and potential revenue sources and enhance the decision-making process for new business strategies. The quantitative and qualitative information in the market research, together with our comprehensive review, would benefit a actor gain a competitive edge in the sector.

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