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Pulished Date April, 2021
ID: 8313
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LED Lighting Market by Installation Type (New Installation and Retrofit Installation), End-Use Application (Indoor Lighting and Outdoor Lighting), Product Type (Lamps and Luminaires), and Geography - Global Forecast to (2021-2026)

Pulished: April, 2021
ID: 8313
Pages: 170

LED Lighting Market Size & Growth (2021-2026)

The global LED Lighting market is a very fast-growing market with an average CAGR of 15.7 % during the forecast period. As of 2020, the LED Lighting market industry is valued at 71.4 billion USD, and it is estimated to reach 134.23 billion USD by the year 2026. Asia-Pacific (APAC) region has the largest market share of LED Lighting Market as of 2020 accounting for over 40%.

Market Drivers and Restraints

Drivers

Increasing demand for energy-efficient lighting systems, modernization, and development of infrastructure, especially in the APAC region is the biggest driver of the market. Availability and affordability of LED in recent years have led to people using LED instead of their conventional source of light.

Restraints

Lack of general awareness regarding LED, especially in the rural areas where a conventional bulb is preferred because it’s cheap but ends up consuming more energy in its lifetime, is a restraint for the market.

LED Lighting Market Segmentation Analysis

By Installation Type

  1. New Installation

  2. Retrofit Installation

New installation type has a larger market share as well as higher growth rates. The new installation includes lights used in streetlights, high bays, downlights, track lights, troffers, and suspended pendants for various applications.

By End-Use Application

  1. Indoor Lighting

  2. Outdoor Lighting

Indoor Lighting has a higher market share as of 2018 and is also projected to have a higher growth rate in the forecast period. Many countries, both in the developed as well as developing worlds, have switched to LED from their conventional lighting source and it will continue to drive the market in the future.

By Product Type

  1. Lamps

  2. Luminaires

LED Lamps segment has a higher market share as well as a higher growth rate. These lamps have various advantages over incandescent ones, including robustness and energy efficiency. Also, they are available in multiple designs and applications such as T-Lamps, reflectors, A-Lamps, and MR-16 lamps. 

By Geography

  1. North America

  2. Europe

  3. Asia Pacific

  4. Latin America

  5. Middle East & Africa

Asia Pacific (APAC) holds the largest share globally as of 2018, and it is projected to remain on the top spot throughout the forecast period. This can be attributed to many initiatives that various governments took to embrace LED Lightings such as that of Taiwan, Japan, and China. These Governments adopted the light-emitting diodes markets and helped many corporations to set up their factories in the region.

Key Market Players

Key players in the LED lighting market are - Phillips Lighting Holding B.V. (Netherlands), General Electric Company (US), OSRAM Licht AG (Germany), Cree, Inc. (US), and Cooper Industries, Inc. (Ireland), Virtual Extension (Israel), Dialight plc (UK), Zumtobel Group AG (Austria), Samsung (South Korea), and Sharp Corporation (Japan).

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Market Share Analysis                          

               5.2 Product Benchmarking                         

               5.3 Regional Presence                   

               5.4 Mergers & Acquistion Landscape                     

               5.5 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 LED Lighting Market, by Installation Type                     

                              6.1.1 New Installation    

                              6.1.2 Retrofit Installation             

                              6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                              6.1.4 Y-o-Y Growth Rate Analysis              

                              6.1.5 Market Attractiveness Index           

               6.2 LED Lighting Market, by End-Use Application               

                              6.2.1 Indoor Lighting      

                              6.2.2 Outdoor Lighting  

                              6.2.3 Market Size Estimations & Forecasts (2021-2026)   

                              6.2.4 Y-o-Y Growth Rate Analysis              

                              6.2.5 Market Attractiveness Index           

               6.3 LED Lighting Market, by Product Type                            

                              6.3.1 Lamps       

                              6.3.2 Luminaires              

                              6.3.3 Market Size Estimations & Forecasts (2021-2026)   

                              6.3.4 Y-o-Y Growth Rate Analysis              

                              6.3.5 Market Attractiveness Index           

7. Geographical Landscape                                        

               7.1 LED Lighting Market, by Region                        

               7.2 North America - Market Analysis (2021-2026)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Installation Type            

                              7.2.3 By End-Use Application      

                              7.2.4 By Product Type    

                              7.2.5 Y-o-Y Growth Rate Analysis              

                              7.2.6 Market Attractiveness Index           

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Installation Type            

                              7.3.3 By End-Use Application      

                              7.3.4 By Product Type    

                              7.3.5 Y-o-Y Growth Rate Analysis              

                              7.3.6 Market Attractiveness Index           

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Installation Type            

                              7.4.3 By End-Use Application      

                              7.4.4 By Product Type    

                              7.4.5 Y-o-Y Growth Rate Analysis              

                              7.4.6 Market Attractiveness Index           

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Installation Type            

                              7.5.3 By End-Use Application      

                              7.5.4 By Product Type    

                              7.5.5 Y-o-Y Growth Rate Analysis              

                              7.5.6 Market Attractiveness Index           

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Installation Type            

                              7.6.3 By End-Use Application      

                              7.6.4 By Product Type    

                              7.6.5 Y-o-Y Growth Rate Analysis              

                              7.6.6 Market Attractiveness Index           

8. Key Player Analysis                                   

               8.1 Phillips Lighting Holding B.V. (Netherlands)                  

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 General Electric Company (US)                          

               8.3 OSRAM Licht AG (Germany)                

               8.4 Cree, Inc. (US)                          

               8.5 Virtual Extension (Israel)                      

               8.6 Dialight plc (UK)                       

               8.7 Zumtobel Group AG (Austria)                             

               8.8 Samsung (South Korea)                        

               8.9 Sharp Corporation (Japan)                   

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of  by installation type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global LED Lighting Market  By Region, From 2021-2026 ( USD Billion )
  2. Global LED Lighting Market  By Installation Type, From 2021-2026 ( USD Billion )
  3. Global New Installation Market By Region, From 2021-2026 ( USD Billion )
  4. Global Retrofit Installation Market By Region, From 2021-2026 ( USD Billion )
  5. Global LED Lighting Market  By End-Use Application, From 2021-2026 ( USD Billion )
  6. Global Indoor Lighting Market By Region, From 2021-2026 ( USD Billion )
  7. Global Outdoor Lighting Market By Region, From 2021-2026 ( USD Billion )
  8. Global LED Lighting Market  By Product Type, From 2021-2026 ( USD Billion )
  9. Global Lamps Market By Region, From 2021-2026 ( USD Billion )
  10. Global Luminaries Market By Region, From 2021-2026 ( USD Billion )

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