Global SSL and Fluorescent Lighting Market 2016-2020

  • Published: Jul 2016
  • Pages: 74
  • SKU: IRTNTR9583
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This market research identifies vendors like GE Lighting, OSRAM, Panasonic, and Schnieder Electric to be the key players in the global SSL and fluorescent lighting market. A comprehensive study of this market is also presented by application (architectural, commercial, industrial, outdoor, and residential segment), by technology (fluorescent lighting and SSL lighting), and by geography (the Americas, APAC, and EMEA).

Outlook of the global SSL and fluorescent lighting market

Technavio’s market research analyst predicts that the global SSL and fluorescent lighting market will grow at a steady CAGR of around 15% during the forecast period. The introduction of energy-efficient lighting technologies is expected to drive the demand for lighting products over the years. The governments of many countries are focusing on promoting energy-efficient lighting technologies by banning the use of incandescent bulbs. The rise in the adoption of halogen, compact fluorescent lamp (CFL), linear fluorescent bulbs (LFL), and light emitting diode (LED) lighting technologies, especially in the residential and corporate segments, has boosted the growth of this market. Due to the growing awareness of green technology, manufacturers have started focusing on energy-efficient and environment-friendly lights like LEDs. Furthermore, the intelligent lighting used in stage and architectural lighting provides energy and cost benefits to users as it is a programmed software that automates the intensity and duration of lighting.

The recent decline in the manufacturing cost of LED lighting products is one of the key trends gaining momentum in the market. The decline in ASP of chips and components used in the manufacturing process of the LEDs has allowed vendors to manufacture such products at low prices. The penetration of LED lights in this market will witness a drastic increase as these lighting products are energy-efficient lighting sources and provide more light intensity compared to other traditional lighting sources.

Segmentation by application and analysis of the SSL and fluorescent lighting market

  • Architectural segment
  • Commercial segment
  • Industrial segment
  • Outdoor segment
  • Residential segment

The residential segment is expected to dominate the SSL and fluorescent lighting market during the forecast period and is estimated to be valued at about USD 13 billion by 2020. The recent increase in the urban population of China has made this country the market leader for SSL and fluorescent lights in the residential sector. Moreover, with the growing demand for LED lights with benefits like color tuning, brightness tuning, and long life span, the adoption of such lighting solutions will increase significantly in the residential sector.

Geographical segmentation and analysis of the SSL and fluorescent lighting market

  • Americas
  • APAC
  • EMEA

In terms of geography, APAC led the global SSL and fluorescent lighting market and is expected to account for nearly 42% of the revenue market share by 2020. The SSL and fluorescent lighting market in this region is expected to grow at a steady rate as compared to other regions due to factors like high rate of construction activity in many Asian countries, introduction of favorable government incentives in countries like India to promote energy-efficient lights, and the presence of a large number of LED chip and packaging factories in China and Japan.

Competitive landscape and key vendors

The global SSL and fluorescent lighting market is characterized by the dominance of traditional companies like Panasonic and Philips. However, at present, the hold that these companies have over the market will be challenged by the introduction of new players. New vendors like Nichia manufacture LED chips and packages, whereas vendors like Cree supply complete lighting solutions. The level of competition is expected to intensify due to the constant change in market dynamics as consumers prefer energy-efficient and cost-effective lighting products. Most companies in China are expanding their businesses to gain maximum market shares as the demand for LED lighting is strong in this country.

Key vendors in the market are -

  • GE Lighting
  • OSRAM GmBH
  • Panasonic
  • Schnieder Electric

The other prominent vendors in the market are Acuity Brands, Advanced Lighting Technology, Bridgelux, Cree, Dialight, Eaton, Emerson Electric, Everlight Electronics, MLS Electronics, Toshiba, and Toyoda Gosei.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global SSL and fluorescent lighting market?
  • What are the key market trends impacting the growth of the global SSL and fluorescent lighting market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global SSL and fluorescent lighting market?
  • What are the market opportunities and threats faced by the vendors in the global SSL and fluorescent lighting 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 SSL and fluorescent lighting market?

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Solid-state lighting (SSL) refers to the replacement of conventional incandescent and fluorescent lamps with light-emitting diodes (LEDs) for general lighting purposes. An SSL device produces visible light using electroluminescence, a phenomenon in which electric current passes through a specially designed semiconductor diode, causing the material to radiate. Initially, LEDs were mostly used as indicator lamps in electronic devices and home appliances, such as radio transmitters, clock radios, and television sets. However, with the introduction of brighter LEDs, SSL lamps were extensively used in traffic lighting, electronic billboards, and car headlights. SSL lamps have far superior energy conversion efficiency over incandescent and fluorescent lights and are therefore widely used in flashlights, searchlights, cameras, indoor and outdoor lighting arrangement. Moreover, SSL lamps have longer lifespans than incandescent bulbs. An SSL lamp lasts 35,000 to 50,000 hours, which is nearly 20 times the average life of an incandescent light, and around six times the life of a CFL bulb. Also, SSL lamps also offer different color shades ranging from cool blue to warm yellow to suit all preferences. 

The report, global SSL & fluorescent lighting market, is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devicesdisplaysembedded systemshuman machine interfacelightingsemiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.

Read More Read Less

Table of Contents

PART 01: Executive summary

  • Market snapshot
  • Highlights

PART 02: Scope of the report

  • Report coverage
  • Source year and forecast period
  • Market size calculation
  • Vendor segmentation
  • Market segmentation
  • Geographical segmentation
  • Common currency conversion rates
  • Vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Technology landscape

PART 05: Market landscape

  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by application

  • Global SSL and fluorescent lighting market by application
  • Residential segment
  • Commercial segment
  • Outdoor segment
  • Industrial segment
  • Architectural segment

PART 07: Market segmentation by technology

  • Global SSL and fluorescent lighting market by technology
  • Fluorescent lighting segment
  • SSL lighting segment

PART 08: Geographical segmentation

  • Global SSL and fluorescent lighting market by geography
  • APAC
  • EMEA
  • Americas

PART 09: Market drivers

  • Strong government support in form of subsidies
  • Upcoming major events and infrastructure projects
  • Introduction of energy-efficient lighting technologies
  • Profound shift in use of lighting

PART 10: Impact of drivers

PART 11: Market challenges

  • Slowing down of industrial sector growth worldwide
  • Absence of global LED standardization

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

  • Competitive scenario
  • Key vendors
  • Other prominent vendors

PART 15: Appendix

  • List of abbreviations

PART 16: 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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