LED Lights Market: Luminaries to Dominate the Product type Segment throughout the Assessment Period: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2022)

Electronics, Semiconductors, and ICT
No. of Pages: 170

Published: 2017-09-04
Report Code: REP-GB-4797
Format:

An Incisive, In-depth Analysis on the Led Lights Market

This study offers a comprehensive, 360 degree analysis on the Led Lights market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Led Lights market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Request a sample

Ask An Analyst

Request Special Price

Request Methodology

An overview of the LED lights market

LED Lights have emerged as an advancement which is revolutionizing the residential as well as commercial sector, throughout the globe. Several businesses and trades are driven by the commercial sector, and LED Lights is influencing these trades in making better profit margins, and bringing enhanced efficacy to the transactions happening in the commercial sector. LED Lights, as considered under the scope of the report, have various applications across residential, office, industrial, shop/stores, hospitality, outdoor, and architectural work. Due to the benefits such as high energy efficiency, log life span, durability & flexibility and environment friendly features, LED Lights have been significantly used across government offices, hospitals, stadiums, malls, educational institutes, airports, railway, theatres, and several other areas. The Global LED Lights market is estimated to be valued at US$ 35,865.2 Mn by the end of 2016, and is expected to expand in the coming years at a CAGR of 10.8% in terms of value over the forecast period. The global LED Lights market is expected to represent a high incremental opportunity between 2017 and 2022.

LED Lights are energy efficient, and can save enormously on conventional fuels being used for lighting in underdeveloped countries. Infrastructural development throughout the world is demanding for more lighting solutions, and LED Lights are a perfect resolution to this. Furthermore, increasing demand for lighting fuel and growing awareness about the negative impact on health associated with using kerosene-based lighting products are few of the other major factors expected to drive demand for LED Lights. Multiple retail giants nowadays are adopting LED Lights, with an intention to improve their customer experience, which is then driving the LED Lights market. LED Lights nowadays are not restricted only to the residential application, but these LED Lights are also being adopted in commercial application areas. Architectural LED Light manufacturers and providers are entering into strategic partnerships with online retailers in order to make architectural LED lighting products and solutions easily available to online users and expand their online visibility.

LED Lights Market: Segmentation Insights

On the basis of product type, the global LED Lights market can be segmented into lamps and luminaire. The luminaire segment is expected to account for a sizable share of the overall LED Lights market in 2017, and is expected to foresee an increase in the growth rate yearly.

On the basis of application, the global LED Lights market can be segmented into residential, office, industrial, shop/stores, hospitality, outdoor, and architectural. The growth of the LED Lights market is predominantly driven by the residential sector, followed by outdoor applications and shops/stores. LED Lights are nowadays a preferred choice of lighting in residential sector, since they are energy efficient and saves on electricity consumption. Also, increasing adoption of architectural guidance for renovating homes is also driving the market for LED Lights in the Residential sector. Furthermore, governments of several countries are promoting smart homes and smart cities concept, which inculcate the need for efficient lighting solutions such as LED Lights. Several supermarkets and hypermarkets in developed countries have adopted the LED Lights, in order to enhance their store aesthetics, and reduce the overall electricity expenses. Such developments in reference to the retail or shops/stores application are impacting the overall LED Lights market in a positive manner.

On the basis of sales channel, the global LED Lights market can be segmented into modern trade, departmental stores, convenience store, and e-commerce. Modern trade and e-commerce segments are the major contributors in the LED Lights market, in terms of revenue. The modern trade segment is expected to account for a sizable share of the overall LED Lights market in 2017, and is expected to foresee an increase in the growth rate yearly.

LED Lights Market: Regional Insights

On the basis of geographical regions, the LED Lights market is segmented across North America, Latin America, Europe, APEJ, Japan, and MEA. The APEJ LED Lights market holds a major value share in the global LED Lights market and is likely to maintain its dominance in the global LED Lights market over the forecast period. The LED Lights market in the region is projected to represent a significant incremental opportunity between 2017 and 2022. LED Lights market in North America is pre-dominantly organized, and residential is the major application. Growth in awareness regarding energy saving benefits of LED Lights, and increase in regulatory obligations & industry guidelines are stimulating demand for LED Lights in North America. North America is expected to be followed by Europe in the LED Lights market, in terms of revenues generated. Europe is implementing LED Lights technologies in residential as well as architectural segments, and such a high adoption of LED Lights is most visible in countries including UK, France, Germany, and Italy. The sales of LED Lights in Western Europe market is projected to represent a total incremental opportunity of US$ 6,768.7 Mn, while the Japan LED Lights market is also expected to witness significant growth. Owing to the advantages associated with LED Lights, and a demand for efficient lighting solutions, a high traction of LED Lights is expected during the forecast period, especially in developing countries such as India, China, etc. The APEJ region is expected to present attractive opportunities for LED Lights manufacturers in the forecast period, and is estimated to expand at a significant CAGR in terms of value.

LED Lights Market: Vendor Insights

Architectural lighting manufacturers and providers invest substantially in R&D initiatives to develop and introduce new and innovative architectural LED Lights, in order to enhance their product portfolio and to expand customer base. Additionally, leading players in the market are in the process of upgrading their existing products in order to adhere to changing environmental and safety norms across the globe. LED Lights companies are shifting their focus towards professional lighting markets to capitalize the potential opportunities created by increase in government spending, especially in new public projects. Examples of some of the LED Lights market vendors in this study of the Global LED Lights market include General Electric Company, Valeo S.A., Osram GmbH, HELLA KGaA Hueck & Co., Koninklijke Philips N.V., Magneti Marelli S.P.A, Warn Industries Inc., Royal Philips Electronics, Zizala Lichtsysteme GMBH, Guangzhou Ledoauto Company Ltd., and Montaplast GmbH.

In October 2016, OSRAM GmbH acquired Novità Technologies, a U.S.-based manufacturer of electronic control systems for automotive lighting applications, to expand its specialty lighting business in the U.S market. The acquisition with reference to LED Lights is expected to assist OSRAM in meeting the increasing demand for LED modules and systems in the automobile industry. In November 2016, under the brand Columbia Lighting, Hubbell Lighting, Inc. launched a new LED modular designs named contemporary wall mount (CWM) LED Light luminaire. The product is a commercial LED Light, which enables customization without sacrificing performance. In September 2015, the U.S. city of San Diego deployed GE’s intelligent LED solutions for street lights. GE utilized its LightGrid technology to develop customized LED Lights on streets with wireless lighting controls, through which San Diego saved US$ 250,000 annually. In January 2017, Lumileds Lighting launched an online Horticulture calculator for regulating LED Lights. In February 2017, Toshiba Lighting Tech Co., Ltd. Launched preliminary power supply built-in socket type lighting fixture, this LED Light is a type of emergency light, which can be used for the private housing service or ensuring security for guests at the time of any power failure.

LED Lights Market: Report Synopsis

Future Market Insights (FMI) offers a 5-year forecast for the Global LED Lights market between 2017 and 2022. In terms of value, the LED Lights market is expected to register a high CAGR during the forecast period. This study demonstrates the LED Lights market dynamics and trends globally across seven regions: North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA, which influences the current nature and future status of the LED Lights market over the forecast period.

LED Lights Market: Report Description & Structure

This research report provides a detailed analysis of the LED Lights market and offers insights about the various factors driving the popularity of LED Lights and its features. The report includes an extensive analysis of key industry LED Lights market drivers, LED Lights market restraints, LED Lights market trends and market structure. The LED Lights market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the LED Lights market based on industries and components across different regions globally.

The LED Lights market is expected to witness substantial revenue growth during the forecast period owing to the increasing adoption of LEDs in commercial applications, as well as superior features such as energy efficiency, environment-friendly, and high durability. LED Lights have major application in residential segment, followed by architectural segment. Supportive government regulations with respect to LED Lights as an environment friendly solution for lighting, is also rising continuously, thus further pushing the revenue growth in the global LED Lights market.

The Global LED Lights report starts with an overview of the LED Lights market in terms of value. In addition, this section includes an analysis of key trends, drivers and restraints from the supply, demand and economy side, which are influencing the LED Lights market.

On the basis of the product type, the LED Lights market is segmented into lamps, and luminaries.

On the basis of the sales channel, the LED Lights market is segmented into modern trade, departmental stores, convenience store, e-commerce, and other retail format.

On the basis of application, the LED Lights market is segmented into residential, office, industrial, shop/ stores, hospitality, outdoor, and architectural.

A detailed analysis has been provided for every segment in terms of market size analysis for the LED Lights market across different regions. This section provides a detailed analysis that covers the key trends.

The next section consists of a detailed analysis of the LED Lights market across various countries in the region. It provides a market outlook for 2017–2022 and sets the forecast within the context of the LED Lights market, to include the latest technological developments as well as offerings in the LED Lights market. This study discusses key trends within countries that contribute to the growth of the LED Lights market as well as analyses degrees at which drivers are influencing the LED Lights market in each region. Key regions and countries assessed in this report include North America (the U.S. and Canada), Latin America (Brazil, Mexico, and Argentina), Europe (UK, Germany, France, Spain, Italy, and Nordic), APEJ (India, China, Thailand, Malaysia, Singapore, and Australia), Japan, and MEA (GCC Countries, South Africa, Nigeria, and Israel).

LED Lights Market: Research Methodology

This report evaluates the present scenario and the growth prospects of the LED Lights market across various regions globally for the period 2017–2022. We have considered 2016 as the base year and provided data for the remaining 12 months. To offer an accurate forecast, we started by sizing the current market, which forms the basis of how the LED Lights market will grow in the future. Given the characteristics of the LED Lights market, we have triangulated the outcome of different types of analysis based on the technology trends.

As previously highlighted, the global LED Lights market is categorized into a number of segments. All segments in terms of product type, sales channel, application and different regions are analysed in terms of basis points to understand an individual segment’s relative contribution to the growth of the LED Lights market. This detailed information is important for the identification of various key trends of the global LED Lights market. In addition, another key feature of this report on LED Lights market is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global LED Lights market.

LED Lights Market: Competition Tracking

In the final section of the report, we include a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the LED Lights portfolio and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the LED Lights supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and their success in the LED Lights marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the LED Lights market. Key competitors covered in the global LED Lights market report include General Electric Company, Valeo S.A., Osram GmbH, HELLA KGaA Hueck & Co., Koninklijke Philips N.V., Magneti Marelli S.P.A, Warn Industries Inc., Royal Philips Electronics, Zizala Lichtsysteme GMBH, Guangzhou Ledoauto Company Ltd., Montaplast GmbH.

LED Lights Market: Segmentation

Product Type
- Lamps
- Luminaries
Sales Channel
- Modern Trade
- Departmental Stores
- Convenience Store
- E-Commerce
- Other Retail Format
Application
- Residential
- Office
- Industrial
- Shop/ Stores
- Hospitality
- Outdoor
- Architectural

LED Lights Market: Key Regions

North America LED Lights market
- U.S.
- Canada
Latin America LED Lights market
- Brazil
- Mexico
- Argentina
Europe LED Lights market
- UK
- Germany
- France
- Spain
- Italy
- Nordic
APEJ LED Lights market
- China
- India
- Thailand
- Malaysia
- Singapore
- Australia
Japan LED Lights market
MEA LED Lights Market
- GCC Countries
- South Africa
- Nigeria
- Israel