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Global Light-Emitting Diode Lighting Module Market 2017-2021

  • Published: Jan 2017
  • Pages: 85
  • SKU: IRTNTR11463
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The LED lighting module market size is estimated to grow by USD 4.6 billion till the end of the forecast period. This research report provides a comprehensive analysis of the end-user (retail, architectural, office, hospitality, industrial, outdoor, and residential), by application (luminaires and lamps), and by geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and provides information on several led manufacturers including Cree, GE Lighting, OSRAM, and Philips.

 

The infographic below contains key findings from our analysis of the LED lighting module market

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Overview of the global light-emitting diode(LED) lighting module market

Technavio’s market research analyst predicts the global light-emitting diode (LED) lighting market to grow steadily at a CAGR of around 20% by 2021. One of the key factors responsible for the growth of this market is the increasing government support and incentives for LED lighting. The governments across the globe are promoting the use and manufacture of LED lighting solutions. This is primarily due to the rising concerns about global warming and rapid depletion of non-renewable energy sources, which highlight the vital need for energy conservation. In 2016, it was observed that the lighting applications accounted for a major part of the global electricity consumption. Such high consumption rate has led several countries to frame policies that ban the use of inefficient lighting sources and promote the use of efficient lighting sources through subsidies and tax incentive programs. These incentives are being offered by different governmental and non-governmental entities. They are being offered by federal, state, and local governments or by utilities because of general efficiency requirements set by the government.

In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market over the next four years. Much of the region’s growth is primarily due to the unprecedented development in the LED lighting market in the region. APAC is witnessing increased demand for lighting solutions from the retail, office, and industrial sectors. The region is becoming a hub for sectors such as the retail, hospitality, and healthcare. Rapid urbanization and increased focus on improving infrastructure by governments of developing countries such as India, China, and South Korea, will contribute further to the growth of the global LED lighting module market during the forecast period.

Competitive landscape and key vendors

The global LED lighting module market is characterized by the presence of well-diversified international and regional vendors. As international players are increasing their footprint, regional vendors are finding it difficult to compete with them in terms of quality, technology, and price. With increasing number product extensions and better innovations in technology the competition in the market is expected to intensify over the next few years.

Leading vendors in the market are -

  • Cree
  • GE Lighting
  • OSRAM
  • Philips

Other prominent vendors in the global LED lighting market include Acuity Brands, Advanced Lighting Technology, Bridgelux, Cooper Lighting, and LG Innotek.

 

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Segmentation by end-user and analysis of the LED lighting module market

  • Retail
  • Architectural
  • Office
  • Hospitality
  • Industrial
  • Outdoor
  • Residential

According to the LED lighting industry analysis, the retail sector dominated the LED lighting module market and accounted for a major part of the overall market share. This dominance in the market is due to the transition of retail outlets across the globe towards energy-efficient LED lighting from general lighting. For instance, in 2015, global retail giant, Carrefour supermarket, installed Philips smart lighting solutions to create a natural shopping environment for its customers.  With the wider adoption of LED lighting systems in the retail sector, the demand for LED lighting modules in the sector is set to witness steady growth during the forecast period.  

Segmentation by application and analysis of the LED lighting module market

  • Luminaires
  • Lamps

In the LED lighting module market study, analysts have estimated luminaires to dominate the LED lighting module market during the forecast period. Factors such as high energy efficiency and greater lifespan have made LED luminaires popular across all sectors. They provide cost benefits in the long run as well as enhance the quality of lighting. LED luminaires such as downlights are widely used in the retail, office, and residential sectors whereas troffers have extensive usage in the office, retail, healthcare and industrial sectors. The increasing demand for luminaires will contribute to the growth of LED lighting module over the next few years. 

 

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Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global LED lighting module market?
  • What are the key market trends impacting the growth of the global LED lighting module market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global LED lighting module market?
  • What are the market opportunities and threats faced by the vendors in the global LED lighting module market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global LED lighting module market?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

  • Market overview
  • Definition of end-user segments
  • Other definitions
  • Top-vendor offerings
  • Geographical segmentation

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Technology landscape

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by end-user

  • Global LED lighting module market in retail sector
  • Global LED lighting module market in architectural sector
  • Global LED lighting module market in office sector
  • Global LED lighting module market in hospitality sector
  • Global LED lighting module market in industrial sector
  • Global LED lighting module market in outdoor sector
  • Global LED lighting module market in residential sector

PART 07: Market segmentation by application

  • Global LED lighting module market by LED luminaires
  • Global LED lighting module market by LED lamps

PART 08: Geographical segmentation

  • LED lighting module market in APAC
  • LED lighting module market in EMEA
  • LED lighting module market in Americas

PART 09: Market drivers

  • Government support and incentives for LED lighting
  • Demand for energy-efficient lighting solutions
  • Upcoming mega events and infrastructure projects
  • Inception of energy-efficiency certification programs
  • Minamata Convention on Mercury

PART 10: Impact of drivers

PART 11: Market challenges

  • Lack of standardization
  • High average cost per LED fixture
  • High import duties
  • Limited thermal tolerance of LED

PART 12: Impact of drivers and challenges

PART 13: Market trends

  • Increase in urban population worldwide
  • Declining manufacturing cost of LEDs
  • Demand for intelligent lighting systems
  • Emergence of smart cities
  • Growing number of smart homes worldwide
  • Introduction of government policies and guidelines on smart lighting

PART 14: Vendor landscape

  • Competitive landscape

PART 15: Key vendor analysis

  • Other prominent vendors

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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