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LED照明の市場規模は、2022年に753億ドルと推定され、予測期間中にCAGR10.6％で2027年には1247億ドルに達すると予測されている。照明産業の活況は、エネルギー効率の高い製品やLED技術を用いた既存の照明製品の修正需要の上昇に最も寄与している。また、技術革新や環境への関心の高まりが、同地域の市場成長をさらに加速させています。競争力のある製造コスト、高い経済成長率、住宅・商業分野での大規模な産業建設は、LED照明市場の成長を促進する他の主要な要因の一部である。
"Decorative luminaireto register highest growthbetween 2022 to 2027"（装飾用照明器具は2022年から2027年の間に最高の成長を記録する。
装飾用照明器具は、予測期間中に最高のCAGRを記録することが期待されています。インテリアとして魅力的な形や大きさで、さまざまな色の組み合わせの装飾用照明器具が容易に入手できることと、エネルギーコストを削減するためにエネルギー効率の高い製品の使用が拡大していることが、市場の成長を推進する大きな要因となっています。弾丸、キャンドル、フレア、グローブ、およびその他の装飾ランプ形状、統合シャンデリア、シングルヘッドペンダント、壁燭台、ランタン、および入り江の照明器具製品は、装飾照明のカテゴリに分類されます。商業施設やホスピタリティ施設での使用が、装飾照明の需要増加に最も貢献している。

"2022年、LED照明市場でランプ部門がより大きなシェアを占める"

AタイプやTタイプのランプは住宅用途で普及率が高く、それが照明器具と比較してランプ部門全体の市場規模を大きくしている。LED照明ソリューションの利用が大幅に増加したことで、現代生活のあらゆる側面が変化しています。LEDランプに搭載された最新技術により、低メンテナンスコストで効率の向上が可能になりました。LEDランプの暖かい光は、エネルギーの損失なしに完全な明るさを可能にします。平均的な白熱電球の寿命と比較すると、LEDライトの寿命ははるかに優れています。AタイプのLEDランプは、プラグアンドプレイとも呼ばれます。コンパクト蛍光灯（CFL）やリニア蛍光灯などの従来のランプをそのまま置き換えることができる。Aタイプは、100年以上前から一般照明に使われている定番の電球と言われています。




"2022年から2027年にかけて、街路・道路用途セグメントが屋外用LED照明市場を支配しそう"

市場推定によると、急速な都市化とLED照明ソリューションの採用によるエネルギー消費削減のための政府の取り組みにより、予測期間を通じて街路と道路セグメントが最大の市場シェアを占めると予想される。街路や道路は継続的に照明が点灯するため、エネルギーに対する要求が高い。したがって、LED照明への切り替えはより良い選択となります。街路や道路は、LED照明市場プレーヤーに有利な機会を提供することが期待されている。

アジア太平洋地域は中東に続き、アフリカ地域は2022年から2027年まで高い成長率を目撃する可能性が高い。

LED照明市場は、アジア太平洋地域で大きな可能性を秘めており、消費者はデジタル化された家庭の不可欠な要素としてこれらのシステムを受け入れると予想されます。アジア太平洋地域における建設活動の増加は、同地域のLED照明市場の成長に大きく寄与しています。また、アジア太平洋地域の電気・電子産業の繁栄も、LED照明市場の成長を支えています。ここ数年、LED照明は支配的な人工光源となり、白熱電球、CFL、蛍光灯、高圧ナトリウムランプ、メタルハライドランプなど従来のすべての光源よりも好まれる。RoWのLED照明市場は、他の地域と比較して成長が緩やかですが、南アフリカや中東のGCC諸国などの新興国が、今後数年間で市場成長に貢献することが期待されています。


LED照明市場で活動する主要組織のCEO、マーケティングディレクター、イノベーション・技術ディレクターなど、さまざまな幹部が詳細なインタビューに応じた。
- 企業タイプ別ティア1-20％、ティア2-45％、ティア3-35％。
- 役職別Cレベル経営者-35%、経営者-25%、その他-40
- 地域別：北米-45%、欧州-25%、アジア太平洋-20%、ロサンゼルス-10

LED照明市場では、Signify Holding（オランダ）、Acuity Brands（米国）、OSRAM（ドイツ）、Savant Systems（GE Lighting）（米国）、Hubbell Lighting（米国）、Panasonic Corporation（日本）、Zumtobel Group AG（オーストリア）、Cree Lighting (Ideal Industries）（米国）、Dialight（英国）、Samsung（韓国）などが主要プレイヤーとして名を連ねています。これらのトッププレーヤーは、製品とサービスの強力なポートフォリオを持ち、成熟市場と新興市場の両方で存在感を示しています。

本調査では、これらのLED照明市場のキープレイヤーについて、会社概要、最近の開発状況、主要な市場戦略など、詳細な競合分析を行った。


調査対象範囲
本レポートでは、LED照明市場の定義、説明、予測onproduct type、設置、販売チャネル、アプリケーション、地域について記載しています。LED照明市場の成長に影響を与えるドライバー、阻害要因、機会、課題などの要因に関する詳細な情報を提供します。また、製品の発売、買収、拡大、契約、パートナーシップ、市場で成長するために主要なプレーヤーによって実施された開発などの競争力のある開発を分析します。

レポート購入の主なメリット

本レポートは、LED照明市場全体とサブセグメントの収益数値の最も近い近似値に関する情報を提供し、同市場の市場リーダー/新規参入者を支援します。本レポートは、利害関係者が競争環境を理解し、より良いビジネスの位置づけと適切な市場参入戦略を計画するためのより多くの洞察を得るのに役立ちます。また、利害関係者が市場の脈動を理解するのに役立ち、主要な市場促進要因、阻害要因、課題、機会に関する情報を提供します。

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目次

1 INTRODUCTION 21
1.1 STUDY OBJECTIVES 21
1.2 MARKET DEFINITION 21
1.2.1 INCLUSIONS AND EXCLUSIONS 22
1.3 STUDY SCOPE 23
1.3.1 MARKETS COVERED 23
FIGURE 1 LED LIGHTING MARKET SEGMENTATION 23
1.3.2 GEOGRAPHIC SCOPE 24
1.3.3 YEARS CONSIDERED 24
1.4 CURRENCY 25
1.5 UNIT CONSIDERED 25
1.6 LIMITATIONS 25
1.7 STAKEHOLDERS 25
1.8 SUMMARY OF CHANGES 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 2 LED LIGHTING MARKET: RESEARCH DESIGN 27
2.1.1 SECONDARY AND PRIMARY RESEARCH 28
2.1.2 SECONDARY DATA 29
2.1.2.1 Key data from secondary sources 29
2.1.2.2 List of key secondary sources 29
2.1.3 PRIMARY DATA 30
2.1.3.1 Key data from primary sources 30
2.1.3.2 Key industry insights 31
2.1.3.3 Breakdown of primaries 31
2.1.3.4 List of key primary interview participants 31
2.2 MARKET SIZE ESTIMATION 32
2.2.1 BOTTOM-UP APPROACH 32
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 32
2.2.2 TOP-DOWN APPROACH 33
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 33
2.2.3 GROWTH RATE AND FORECASTING ASSUMPTIONS 34
TABLE 1 MARKET GROWTH ASSUMPTIONS 34
2.3 FACTOR ANALYSIS 35
2.3.1 LED LIGHTING MARKET: SUPPLY-SIDE ANALYSIS 35
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED BY COMPANIES FROM PRODUCTS OFFERED IN LED LIGHTING MARKET 35
2.3.2 LED LIGHTING MARKET: DEMAND-SIDE ANALYSIS 36
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE) FOR LED LIGHTING MARKET 36
TABLE 2 US: LED LIGHTING INSTALLED BASE 37
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 38
FIGURE 7 DATA TRIANGULATION 38
2.5 RISK ASSESSMENT 39
TABLE 3 RISK ASSESSMENT: LED LIGHTING MARKET 39
2.6 ASSUMPTIONS 40
TABLE 4 KEY ASSUMPTIONS: MACRO- AND MICRO-ECONOMIC ENVIRONMENT 40
3 EXECUTIVE SUMMARY 41
3.1 REALISTIC SCENARIO 42
3.2 OPTIMISTIC SCENARIO 42
3.3 PESSIMISTIC SCENARIO 42
FIGURE 8 LED LIGHTING MARKET: OPTIMISTIC, REALISTIC, AND PESSIMISTIC SCENARIO ANALYSIS, 2018–2027 (USD BILLION) 43
FIGURE 9 LED LIGHTING MARKET, 2018–2027 (USD BILLION) 43
FIGURE 10 LAMPS SEGMENT TO CAPTURE LARGER SHARE OF LED LIGHTING MARKET, IN TERMS OF VALUE, FROM 2022 TO 2027 44
FIGURE 11 LED LIGHTING MARKET FOR RETROFIT INSTALLATIONS TO GROW AT HIGHER CAGR THAN NEW INSTALLATIONS FROM 2022 TO 2027 45
FIGURE 12 RETAIL/WHOLESALE DISTRIBUTION CHANNELS TO COMMAND LED LIGHTING MARKET THROUGHOUT FORECAST PERIOD 45
FIGURE 13 INDOOR APPLICATIONS TO ACCOUNT FOR LARGER MARKET SHARE FROM 2022 TO 2027 46
FIGURE 14 ASIA PACIFIC LIKELY TO BE MOST POTENTIAL MARKET FOR LED LIGHTING FROM 2022 TO 2027 47
4 PREMIUM INSIGHTS 48
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN LED LIGHTING MARKET 48
FIGURE 15 INCREASING ADOPTION OF LED LAMPS AS SUBSTITUTES FOR CONVENTIONAL LAMPS TO DRIVE GROWTH OF LED LIGHTING MARKET 48
4.2 LED LIGHTING MARKET, BY PRODUCT TYPE 49
FIGURE 16 LAMPS TO ACCOUNT FOR LARGER SHARE THAN LUMINAIRES IN LED LIGHTING MARKET FROM 2022 TO 2027 49
4.3 LED LIGHTING MARKET, BY INSTALLATION 49
FIGURE 17 NEW INSTALLATIONS TO CAPTURE LARGER MARKET SHARE THAN RETROFIT INSTALLATIONS THROUGHOUT FORECAST PERIOD 49
4.4 LED LIGHTING MARKET, BY LAMP TYPE 50
FIGURE 18 A-TYPE LAMPS TO DOMINATE LED LIGHTING MARKET FROM 2022 TO 2027 50
 
4.5 LED LIGHTING MARKET, BY SALES CHANNEL 50
FIGURE 19 RETAIL/WHOLESALE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF LED LIGHTING MARKET BETWEEN 2022 AND 2027 50
4.6 LED LIGHTING MARKET, BY APPLICATION 51
FIGURE 20 RESIDENTIAL APPLICATION TO COMMAND LED LIGHTING MARKET FROM 2022 TO 2027 51
5 MARKET OVERVIEW 52
5.1 INTRODUCTION 52
5.2 MARKET DYNAMICS 53
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR LED LIGHTING MARKET 53
5.2.1 DRIVERS 54
5.2.1.1 Increasing utilization of smart lighting systems in several applications 54
5.2.1.2 Surging adoption of LED bulbs and luminaires to achieve goal of net-zero emissions by 2050 54
TABLE 5 LIGHTING TYPES, INSTALLED UNITS, AND ENERGY SAVINGS IN US (2018) 55
FIGURE 22 GLOBAL LIGHTING PENETRATION TREND, 2012 TO 2030 55
5.2.1.3 Rising demand for LED lighting systems in residential interior designing and home decorating applications 56
FIGURE 23 CONSTRUCTION INDUSTRY OUTPUT IN US, 2008 TO 2019 (USD BILLION) 56
5.2.1.4 Ongoing release of new innovative LED products due to constant technological advances 56
FIGURE 24 IMPACT ANALYSIS OF DRIVERS IN LED LIGHTING MARKET 57
5.2.2 RESTRAINTS 58
5.2.2.1 High installation cost of larger projects 58
5.2.2.2 Short-to-medium-term impact on market due to US–China trade conflict and ongoing Russia–Ukraine war 58
FIGURE 25 US IMPORTS OF ELECTRICAL AND ELECTRONIC EQUIPMENT FROM CHINA, 2012 TO 2021 (USD BILLION) 58
FIGURE 26 IMPACT ANALYSIS OF RESTRAINTS IN LED LIGHTING MARKET 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Government initiatives to reduce energy consumption and cut down GHG emissions from public electricity and heat production 59
5.2.3.2 Continuous decline in prices of LED chips and other components of lighting systems 60
FIGURE 27 IMPACT ANALYSIS OF OPPORTUNITIES IN LED LIGHTING MARKET 60
5.2.4 CHALLENGES 61
5.2.4.1 Slow rate of adoption of LED technology in developing countries 61
5.2.4.2 Constant threat of data/security breach in IoT-based lighting systems 61
FIGURE 28 IMPACT ANALYSIS OF CHALLENGES IN LED LIGHTING MARKET 62
 
5.3 VALUE CHAIN ANALYSIS 62
FIGURE 29 VALUE CHAIN ANALYSIS: MOST VALUE ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS 62
5.4 LED LIGHTING MARKET ECOSYSTEM 64
FIGURE 30 LED LIGHTING MARKET ECOSYSTEM 64
TABLE 6 LED LIGHTING MARKET: ECOSYSTEM 64
5.5 PORTER’S FIVE FORCES ANALYSIS 65
TABLE 7 IMPACT OF EACH FORCE ON LED LIGHTING MARKET 65
FIGURE 31 IMPACT OF PORTER'S FIVE FORCES ON LED LIGHTING MARKET 66
5.5.1 INTENSITY OF COMPETITIVE RIVALRY 66
5.5.2 THREAT OF NEW ENTRANTS 66
5.5.3 THREAT OF SUBSTITUTES 67
5.5.4 BARGAINING POWER OF BUYERS 67
5.5.5 BARGAINING POWER OF SUPPLIERS 67
5.6 AVERAGE SELLING PRICE ANALYSIS 67
FIGURE 32 LED LIGHTING MARKET: MID- AND LOW-POWER LED PACKAGE PRICING TREND 68
FIGURE 33 LED LIGHTING MARKET: HIGH-POWER LED PACKAGE PRICING TREND 68
FIGURE 34 LED LIGHTING MARKET: LED LAMP (60 W EQUIVALENT) PRICING TREND 69
5.7 TRADE ANALYSIS 69
TABLE 8 IMPORT DATA FOR LAMPS AND LIGHTING FITTINGS, HS CODE: 9405 (USD MILLION) 69
FIGURE 35 IMPORT VALUES OF LAMPS AND LIGHTING FIXTURES, BY COUNTRY, 2016–2020 70
TABLE 9 EXPORT DATA FOR LAMPS AND LIGHTING FIXTURES, HS CODE: 9405 (USD MILLION) 70
FIGURE 36 EXPORT VALUES OF LAMPS AND LIGHTING FIXTURES, BY COUNTRY, 2016–2020 71
5.8 REVENUE SHIFT & NEW REVENUE POCKETS FOR LED LIGHTING MARKET 71
FIGURE 37 REVENUE SHIFT IN LED LIGHTING MARKET 72
5.9 CASE STUDY ANALYSIS 72
5.9.1 ULINE, SHIPPING SUPPLY COMPANY, SHIFTED TO LED LIGHTING SYSTEM FROM CONVENTIONAL LIGHTING SYSTEM 72
5.9.2 ABB ATLANTA INTERNATIONAL AIRPORT (ATL) WENT OVER COMPLETE MAKEOVER WITH LED LIGHTING 73
5.9.3 COMMERCIAL LED LIGHTING IMPLEMENTED AT FRANKLIN INSTITUTE 73
5.10 LED LIGHTING MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 73
5.11 PATENT ANALYSIS 74
5.11.1 PATENT REGISTRATIONS, 2018–2021 74
TABLE 10 KEY PATENT REGISTRATIONS, 2018–2021 74
5.11.2 LED LIGHTING: PATENT ANALYSIS 75
FIGURE 38 PATENTS FILED BETWEEN 2011 AND 2021 75
FIGURE 39 GRANTED PATENT TRENDS, BY COUNTRY, 2021 75
TABLE 11 LIST OF PATENTS BY SIGNIFY HOLDING BV 76
5.12 TECHNOLOGY TRENDS 76
5.12.1 LI-FI 76
5.12.2 HUMAN-CENTRIC LIGHTING 76
5.12.3 IOT LIGHTING 77
5.13 GOVERNMENT REGULATIONS AND STANDARDS 77
5.13.1 GOVERNMENT REGULATIONS 77
5.13.2 STANDARDS 77
5.13.2.1 IEEE 1789-2015 modulation frequencies for light-emitting diodes (LEDs)- 77
5.13.2.2 Energy Star - developed by US Department of Energy (DOE) and US Environmental Protection Agency (EPA) 78
5.13.2.3 NEMA - ANSI C78.51 - electric lamps - LED (light-emitting diode) lamps - method of designation 78
5.14 KEY REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 12 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
5.15 KEY STAKEHOLDERS IN BUYING PROCESS 80
TABLE 13 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%) 80
5.15.1 BUYING CRITERIA 80
FIGURE 40 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 80
6 LED LIGHTING MARKET, BY PRODUCT TYPE 81
6.1 INTRODUCTION 82
TABLE 14 LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION) 82
FIGURE 41 LUMINAIRES TO WITNESS HIGHER CAGR IN LED LIGHTING MARKET FROM 2022 TO 2027 82
TABLE 15 LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION) 82
6.2 LAMPS 83
TABLE 16 LAMPS: LED LIGHTING MARKET, BY TYPE, 2018–2021 (USD BILLION) 83
FIGURE 42 A-TYPE LAMPS TO CAPTURE LARGEST MARKET SHARE BETWEEN 2022 AND 2027 84
TABLE 17 LAMPS: LED LIGHTING MARKET, BY TYPE, 2022–2027 (USD BILLION) 84
TABLE 18 LAMPS: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION) 85
TABLE 19 LAMPS: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION) 85
6.2.1 A-TYPE 85
6.2.1.1 A-type lamps are primarily used in residential buildings for energy saving 85
6.2.2 T-TYPE 86
6.2.2.1 T-type lamps are widely used in commercial and industrial applications as they are cheaper, more efficient, and long-lasting light source 86
6.2.3 OTHERS 86
 
6.3 LUMINAIRES 86
TABLE 20 LUMINAIRES: LED LIGHTING MARKET, 2018–2021 (MILLION UNITS) 86
TABLE 21 LUMINAIRES: LED LIGHTING MARKET, 2022–2027 (MILLION UNITS) 87
TABLE 22 LUMINAIRES: LED LIGHTING MARKET, BY TYPE, 2018–2021 (USD BILLION) 87
FIGURE 43 DECORATIVE LUMINAIRES TO WITNESS HIGHEST CAGR IN LED LIGHTING MARKET FROM 2022 TO 2027 87
TABLE 23 LUMINAIRES: LED LIGHTING MARKET, BY TYPE, 2022–2027 (USD BILLION) 88
TABLE 24 LUMINAIRES: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION) 88
TABLE 25 LUMINAIRES: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION) 88
6.3.1 DOWNLIGHTING 89
6.3.1.1 Downlighting to dominate luminaires segment due to increasing number of residential, construction, and industrial infrastructure projects 89
6.3.2 DECORATIVE LIGHTING 89
6.3.2.1 Commercial and hospitality applications contribute most to increasing demand for decorative lighting 89
6.3.3 DIRECTIONAL LIGHTING 89
6.3.3.1 Directional lighting is widely used for accentuating purpose 89
6.3.4 OTHERS 89
7 LED LIGHTING MARKET, BY APPLICATION 90
7.1 INTRODUCTION 91
TABLE 26 LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION) 91
FIGURE 44 OUTDOOR SEGMENT TO RECORD HIGHER CAGR IN LED LIGHTING MARKET FROM 2022 TO 2027 91
TABLE 27 LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION) 92
7.2 INDOOR 92
TABLE 28 INDOOR: LED LIGHTING MARKET, BY TYPE, 2018–2021 (USD BILLION) 92
FIGURE 45 RESIDENTIAL SEGMENT TO CAPTURE LARGEST SHARE OF INDOOR LED LIGHTING MARKET DURING FORECAST PERIOD 93
TABLE 29 INDOOR: LED LIGHTING MARKET, BY TYPE, 2022–2027 (USD BILLION) 93
TABLE 30 INDOOR: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION) 94
TABLE 31 INDOOR: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION) 94
7.2.1 RESIDENTIAL 94
7.2.1.1 Residential segment is likely to capture majority of market share during forecast period 94
7.2.2 COMMERCIAL 95
7.2.2.1 Offices 95
7.2.2.1.1 Recessed luminaires and downlighters are most commonly used lighting fixtures in offices 95
7.2.2.2 Retail stores 95
7.2.2.2.1 Retail shops and malls are expected to witness accelerated demand for LED lighting systems during post-COVID-19 scenario 95
7.2.2.3 Horticulture gardens 95
7.2.2.3.1 LED lighting systems are increasingly used as supplemental lighting sources in greenhouses and vertical farms 95
7.2.2.4 Others 95
7.2.3 INDUSTRIAL 96
7.2.3.1 Landscape lighting solutions, spotlights, LED tubes and panels, and floor panels are most commonly used industrial lighting solutions 96
7.2.4 OTHERS 96
7.3 OUTDOOR 96
TABLE 32 OUTDOOR: LED LIGHTING MARKET, BY TYPE, 2018–2021 (USD BILLION) 97
FIGURE 46 STREETS AND ROADS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF OUTDOOR LED LIGHTING MARKET BETWEEN 2022 AND 2027 97
TABLE 33 OUTDOOR: LED LIGHTING MARKET, BY TYPE, 2022–2027 (USD BILLION) 98
TABLE 34 OUTDOOR: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION) 98
TABLE 35 OUTDOOR: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION) 98
7.3.1 STREETS AND ROADWAYS 99
7.3.1.1 Increasing number of road and street development projects in developing economies to drive market growth 99
7.3.2 ARCHITECTURAL BUILDINGS 99
7.3.2.1 LED lighting to witness increased demand from heritage buildings, historical buildings, and contemporary architectural landmarks 99
7.3.3 SPORTS COMPLEXES 99
7.3.3.1 Existing stadiums and sports complexes expected to switch to LED lighting in near future 99
7.3.4 TUNNELS 100
7.3.4.1 Upcoming tunnel construction projects worldwide to provide market opportunities to LED lighting system providers 100
7.3.5 OTHERS 100
8 LED LIGHTING MARKET, BY INSTALLATION 101
8.1 INTRODUCTION 102
TABLE 36 LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION) 102
FIGURE 47 RETROFIT SEGMENT TO EXHIBIT HIGHER CAGR IN LED LIGHTING MARKET FROM 2022 TO 2027 102
TABLE 37 LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION) 102
8.2 NEW 103
8.2.1 NEW LED LIGHTING FIXTURES ARE LIKELY TO BE DEPLOYED IN VARIOUS UPCOMING CONSTRUCTION PROJECTS 103
TABLE 38 NEW: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION) 103
TABLE 39 NEW: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION) 103
8.3 RETROFIT 104
8.3.1 TRADITIONAL LIGHTING SOLUTIONS ARE WIDELY REPLACED WITH LED LIGHTING SOLUTIONS ACROSS SEVERAL APPLICATIONS 104
TABLE 40 RETROFIT: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION) 104
TABLE 41 RETROFIT: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION) 104
9 LED LIGHTING MARKET, BY SALES CHANNEL 105
9.1 INTRODUCTION 106
TABLE 42 LED LIGHTING MARKET, BY SALES CHANNEL, 2018–2021 (USD BILLION) 106
FIGURE 48 E-COMMERCE SEGMENT TO RECORD HIGHEST CAGR IN LED LIGHTING MARKET, BY SALES CHANNEL, BETWEEN 2022 AND 2027 106
TABLE 43 LED LIGHTING MARKET, BY SALES CHANNEL, 2022–2027 (USD BILLION) 107
9.2 RETAIL/WHOLESALE 107
9.2.1 RETAIL/WHOLESALE DISTRIBUTION CHANNELS ACCOUNT FOR MAJOR MARKET SHARE 107
TABLE 44 RETAIL/WHOLESALE: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION) 108
TABLE 45 RETAIL/WHOLESALE: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION) 108
9.3 DIRECT SALES 108
9.3.1 DIRECT/CONTRACT-BASED SALES CHANNELS ELIMINATE THIRD-PARTY INTERFERENCE, THEREBY REDUCING PROCUREMENT COSTS 108
TABLE 46 DIRECT SALES: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION) 109
TABLE 47 DIRECT SALES: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION) 109
9.4 E-COMMERCE 109
9.4.1 E-COMMERCE-BASED LED LIGHTING SALES WILL INCREASE SIGNIFICANTLY UNTIL 2027 109
TABLE 48 E-COMMERCE: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION) 110
TABLE 49 E-COMMERCE: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION) 110
10 LUMENS IN LED LIGHTING 111
10.1 INTRODUCTION 111
10.2 1,600 LUMENS 111
10.3 1,100 LUMENS 111
10.4 800 LUMENS 112
10.5 450 LUMENS 112
TABLE 50 LUMENS AND WATTAGE COMPARISON TABLE 112
10.6 LOW-POWER LED 112
10.7 HIGH-POWER LED 112
TABLE 51 LED LIGHT MEASUREMENT ATTRIBUTE 112
11 GEOGRAPHIC ANALYSIS 114
11.1 INTRODUCTION 115
FIGURE 49 GEOGRAPHIC SNAPSHOT: INDIA WILL BE FASTEST-GROWING MARKET FOR LED LIGHTING FROM 2022 TO 2027 115
TABLE 52 LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION) 116
TABLE 53 LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION) 116
11.2 AMERICAS 116
TABLE 54 AMERICAS: LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION) 117
TABLE 55 AMERICAS: LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION) 117
TABLE 56 AMERICAS: LED LIGHTING MARKET, BY SALES CHANNEL, 2018–2021 (USD BILLION) 117
TABLE 57 AMERICAS: LED LIGHTING MARKET, BY SALES CHANNEL, 2022–2027 (USD BILLION) 117
TABLE 58 AMERICAS: LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION) 118
TABLE 59 AMERICAS: LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION) 118
TABLE 60 AMERICAS: LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION) 118
TABLE 61 AMERICAS: LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION) 118
TABLE 62 AMERICAS: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION) 119
TABLE 63 AMERICAS: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION) 119
11.2.1 NORTH AMERICA 119
FIGURE 50 NORTH AMERICA: SNAPSHOT OF LED LIGHTING MARKET 120
TABLE 64 NORTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION) 120
TABLE 65 NORTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION) 121
TABLE 66 NORTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2018–2021 (USD BILLION) 121
TABLE 67 NORTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2022–2027 (USD BILLION) 121
TABLE 68 NORTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION) 122
TABLE 69 NORTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION) 122
TABLE 70 NORTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION) 122
TABLE 71 NORTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION) 123
TABLE 72 NORTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2018–2021 (USD BILLION) 123
TABLE 73 NORTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2022–2027 (USD BILLION) 123
11.2.1.1 US 124
11.2.1.1.1 Massive advancements in LED technology due to ideal environment in country for innovation 124
11.2.1.2 Canada 124
11.2.1.2.1 Considerable adoption of energy-efficient lighting systems by contractors and homeowners in Canada 124
 
11.2.1.3 Mexico 125
11.2.1.3.1 Increased use of automation solutions in several industries in Mexico to boost market growth 125
11.2.2 SOUTH AMERICA 125
FIGURE 51 SOUTH AMERICA: SNAPSHOT OF LED LIGHTING MARKET 126
TABLE 74 SOUTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION) 126
TABLE 75 SOUTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION) 127
TABLE 76 SOUTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2018–2021 (USD BILLION) 127
TABLE 77 SOUTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2022–2027 (USD BILLION) 127
TABLE 78 SOUTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION) 127
TABLE 79 SOUTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION) 128
TABLE 80 SOUTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION) 128
TABLE 81 SOUTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION) 128
TABLE 82 SOUTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2018–2021 (USD BILLION) 128
TABLE 83 SOUTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2022–2027 (USD BILLION) 129
11.2.2.1 Brazil 129
11.2.2.1.1 Strong focus of country to manufacture LED lighting products locally to create lucrative opportunities for LED technology providers 129
11.2.2.2 Argentina 129
11.2.2.2.1 New resolution of Argentine government to adopt LED lighting products fosters market growth in country 129
11.2.2.3 Rest of South America 130
11.3 EUROPE 130
FIGURE 52 EUROPE: SNAPSHOT OF LED LIGHTING MARKET 131
TABLE 84 EUROPE: LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION) 131
TABLE 85 EUROPE: LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION) 132
TABLE 86 EUROPE: LED LIGHTING MARKET, BY SALES CHANNEL, 2018–2021 (USD BILLION) 132
TABLE 87 EUROPE: LED LIGHTING MARKET, BY SALES CHANNEL, 2022–2027 (USD BILLION) 132
TABLE 88 EUROPE: LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION) 132
TABLE 89 EUROPE: LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION) 133
TABLE 90 EUROPE: LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION) 133
TABLE 91 EUROPE: LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION) 133
TABLE 92 EUROPE: LED LIGHTING MARKET, BY COUNTRY, 2018–2021 (USD BILLION) 133
TABLE 93 EUROPE: LED LIGHTING MARKET, BY COUNTRY, 2022–2027 (USD BILLION) 134
11.3.1 UK 134
11.3.1.1 Rising environmental consciousness, coupled with enforcement of energy efficiency regulations, supports high demand for LED lighting systems in UK 134
11.3.2 GERMANY 135
11.3.2.1 Increasing number of smart homes to create opportunities for new and innovative lighting solutions in next five years 135
11.3.3 FRANCE 135
11.3.3.1 Surging demand for LED lighting systems due to formulation of environmental norms by French government 135
11.3.4 ITALY 136
11.3.4.1 Reviving residential and construction sectors to boost LED lighting adoption in Italy 136
11.3.5 SPAIN 136
11.3.5.1 Rebound of construction industry to boost demand for LED lighting products 136
11.3.6 REST OF EUROPE 136
11.4 ASIA PACIFIC 137
FIGURE 53 ASIA PACIFIC: SNAPSHOT OF LED LIGHTING MARKET 138
TABLE 94 ASIA PACIFIC: LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION) 138
TABLE 95 ASIA PACIFIC: LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION) 139
TABLE 96 ASIA PACIFIC: LED LIGHTING MARKET, BY SALES CHANNEL, 2018–2021 (USD BILLION) 139
TABLE 97 ASIA PACIFIC: LED LIGHTING MARKET, BY SALES CHANNEL, 2022–2027 (USD BILLION) 139
TABLE 98 ASIA PACIFIC: LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION) 139
TABLE 99 ASIA PACIFIC: LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION) 140
TABLE 100 ASIA PACIFIC: LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION) 140
TABLE 101 ASIA PACIFIC: LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION) 140
TABLE 102 ASIA PACIFIC: LED LIGHTING MARKET, BY COUNTRY, 2018–2021 (USD BILLION) 140
TABLE 103 ASIA PACIFIC: LED LIGHTING MARKET, BY COUNTRY, 2022–2027 (USD BILLION) 141
 
11.4.1 CHINA 141
11.4.1.1 China is major producer and consumer of lighting fixtures and lamps globally 141
11.4.2 JAPAN 142
11.4.2.1 New building energy conservation law that aims to reduce energy consumption in residential and non-residential buildings in Japan expected to support market growth 142
11.4.3 INDIA 142
11.4.3.1 Government-run smart city projects to boost demand for LED lighting and control solutions in India 142
11.4.4 AUSTRALIA 143
11.4.4.1 High penetration rate of LED lighting systems in major cities of Australia to foster market growth 143
11.4.5 SOUTH KOREA 143
11.4.5.1 Presence of major LED lighting manufacturers in South Korea supports market growth 143
11.4.6 REST OF ASIA PACIFIC 143
11.5 ROW 144
TABLE 104 ROW: LED LIGHTING MARKET, BY PRODUCT TYPE, 2018–2021 (USD BILLION) 144
TABLE 105 ROW: LED LIGHTING MARKET, BY PRODUCT TYPE, 2022–2027 (USD BILLION) 144
TABLE 106 ROW: LED LIGHTING MARKET, BY SALES CHANNEL,
2018–2021 (USD BILLION) 144
TABLE 107 ROW: LED LIGHTING MARKET, BY SALES CHANNEL,
2022–2027 (USD BILLION) 145
TABLE 108 ROW: LED LIGHTING MARKET, BY APPLICATION, 2018–2021 (USD BILLION) 145
TABLE 109 ROW: LED LIGHTING MARKET, BY APPLICATION, 2022–2027 (USD BILLION) 145
TABLE 110 ROW: LED LIGHTING MARKET, BY INSTALLATION, 2018–2021 (USD BILLION) 145
TABLE 111 ROW: LED LIGHTING MARKET, BY INSTALLATION, 2022–2027 (USD BILLION) 146
TABLE 112 ROW: LED LIGHTING MARKET, BY REGION, 2018–2021 (USD BILLION) 146
TABLE 113 ROW: LED LIGHTING MARKET, BY REGION, 2022–2027 (USD BILLION) 146
11.5.1 MIDDLE EAST 147
11.5.1.1 Eco-friendly green building regulations and streetlight retrofitting programs by regional governments to spur market growth in Middle East 147
11.5.2 AFRICA 147
11.5.2.1 Ongoing urbanization in Africa to significantly boost LED lighting market growth 147
12 COMPETITIVE LANDSCAPE 148
12.1 INTRODUCTION 148
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 148
TABLE 114 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN LED LIGHTING MARKET 148
12.2.1 PRODUCT PORTFOLIO 149
12.2.2 REGIONAL FOCUS 149
12.2.3 MANUFACTURING FOOTPRINT 149
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 149
12.3 MARKET SHARE ANALYSIS, 2021 149
TABLE 115 MARKET: DEGREE OF COMPETITION 150
12.4 REVENUE ANALYSIS OF TOP PLAYERS IN LED LIGHTING MARKET 152
FIGURE 54 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN LED LIGHTING MARKET 152
12.5 COMPANY EVALUATION QUADRANT 153
12.5.1 STAR 153
12.5.2 PERVASIVE 153
12.5.3 EMERGING LEADER 153
12.5.4 PARTICIPANT 153
FIGURE 55 LED LIGHTING MARKET (GLOBAL): COMPANY EVALUATION QUADRANT 154
12.6 COMPETITIVE BENCHMARKING 155
TABLE 116 LED LIGHTING MARKET: DETAILED LIST OF STARTUPS/SMES 155
TABLE 117 LED LIGHTING MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [SMES] 156
TABLE 118 KEY STARTUPS IN LED LIGHTING MARKET 157
12.7 STARTUP/SME EVALUATION QUADRANT 157
12.7.1 PROGRESSIVE COMPANY 157
12.7.2 RESPONSIVE COMPANY 158
12.7.3 DYNAMIC COMPANY 158
12.7.4 STARTING BLOCK 158
FIGURE 56 LED LIGHTING MARKET (GLOBAL): STARTUP/SME EVALUATION QUADRANT, 2021 159
12.8 COMPANY FOOTPRINT 160
TABLE 119 OVERALL FOOTPRINT OF COMPANY 160
TABLE 120 COMPANY PRODUCT FOOTPRINT 161
TABLE 121 COMPANY APPLICATION FOOTPRINT 162
TABLE 122 REGIONAL FOOTPRINT OF COMPANIES 163
12.9 COMPETITIVE SITUATION AND TRENDS 164
12.9.1 PRODUCT LAUNCHES & DEVELOPMENTS 164
TABLE 123 LED LIGHTING MARKET: PRODUCT LAUNCHES & DEVELOPMENTS, JANUARY 2018– MARCH 2022 165
12.9.2 DEALS 171
TABLE 124 LED LIGHTING MARKET: DEALS, JANUARY 2019–MAY 2022 171
12.9.3 OTHERS 178
TABLE 125 LED LIGHTING MARKET: OTHERS, JANUARY 2019–JULY 2021 178
13 COMPANY PROFILES 180
13.1 KEY PLAYERS 180
(Business Overview, Products & Solutions, Recent Developments, MnM View)*
13.1.1 SIGNIFY N.V. 180
TABLE 126 SIGNIFY N.V.: BUSINESS OVERVIEW 180
FIGURE 57 SIGNIFY N.V.: COMPANY SNAPSHOT 181
13.1.2 ACUITY BRANDS 189
TABLE 127 ACUITY BRANDS: BUSINESS OVERVIEW 189
FIGURE 58 ACUITY BRANDS: COMPANY SNAPSHOT 190
13.1.3 CREE LIGHTING (PART OF IDEAL INDUSTRIES, INC.) 196
TABLE 128 CREE LIGHTING: BUSINESS OVERVIEW 196
13.1.4 OSRAM LICHT AG (AMS OSRAM) 200
TABLE 129 AMS OSRAM: BUSINESS OVERVIEW 200
FIGURE 59 AMS OSRAM: COMPANY SNAPSHOT 201
13.1.5 LG ELECTRONICS 205
TABLE 130 LG ELECTRONICS: BUSINESS OVERVIEW 205
FIGURE 60 LG ELECTRONICS: COMPANY SNAPSHOT 206
13.1.6 DIALIGHT PLC 209
TABLE 131 DIALIGHT PLC: BUSINESS OVERVIEW 209
FIGURE 61 DIALIGHT PLC: COMPANY SNAPSHOT 210
13.1.7 PANASONIC CORPORATION 215
TABLE 132 PANASONIC CORPORATION: BUSINESS OVERVIEW 215
FIGURE 62 PANASONIC CORPORATION: COMPANY SNAPSHOT 216
13.1.8 HUBBELL LIGHTING, INC. (PART OF GE CURRENT) 218
TABLE 133 HUBBELL LIGHTING, INC.: BUSINESS OVERVIEW 218
FIGURE 63 HUBBELL LIGHTING, INC.: COMPANY SNAPSHOT 219
13.1.9 ZUMTOBEL GROUP 221
TABLE 134 ZUMTOBEL GROUP: BUSINESS OVERVIEW 221
FIGURE 64 ZUMTOBEL GROUP: COMPANY SNAPSHOT 222
13.1.10 SAVANT SYSTEMS, INC. 225
TABLE 135 SAVANT SYSTEMS, INC.: BUSINESS OVERVIEW 225
*Details on Business Overview, Products & Solutions, Recent Developments, MnM View might not be captured in case of unlisted companies.
13.2 OTHER COMPANIES 227
13.2.1 HONYAR 227
13.2.2 SAMSUNG 228
13.2.3 SHARP CORPORATION 229
13.2.4 SITECO GMBH (GE) 230
13.2.5 HAVELLS INDIA LIMITED 231
13.2.6 TRILUX GMBH& CO. KG 232
13.2.7 FAGERHULTS BELYSNING AB 233
13.2.8 SYSKA LED LIGHTS PRIVATE LIMITED 233
13.2.9 GO GREEN LED 234
13.2.10 FOREST LIGHTING 234
13.2.11 LIGHTING SCIENCE GROUP CORPORATION 235
13.2.12 WIPRO LIGHTING (PARENT COMPANY WIPRO LIMITED) 236
13.2.13 OPPLE LIGHTING CO. LIMITED 237
13.2.14 NVC LIGHTING TECHNOLOGY CORPORATION 238
13.2.15 SORAA 239
14 APPENDIX 240
14.1 DISCUSSION GUIDE 240
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 244
14.3 AVAILABLE CUSTOMIZATIONS 246
14.4 RELATED REPORTS 246
14.5 AUTHOR DETAILS 247