Latest News

Global LED Lighting Market 2023 Forecast Names Key Players

DUBLIN—The “LED Lighting Market: Analysis and Forecast to 2023” report has been added to Research and Markets’ offering.

The growth of the luminaire market can be attributed to the increasing infrastructural activities across the globe. Based on installation type, the global LED lighting market is classified into new installation and retrofit, where new installation is expected to contribute higher revenue to the market. However, retrofit installation is expected to register faster growth during 2017-2023. Increased replacement of conventional lamps with energy-efficient light sources, such as LED lamps, is the key factor contributing to the advancement of the market for retrofit installation.

Between indoor and outdoor lighting, the market for indoor lighting represented larger revenue in 2016 to the global LED lighting market. However, outdoor lighting application segment is expected to experience higher growth on account of growing necessity for enhancing visibility on roads. The safety of drivers, riders and pedestrians has been emerging as an utmost concern for the local authorities in several countries, which is expected to fuel the demand for improved lighting systems on roads. The ongoing transformation and infrastructure expansion projects will further lead to the surge in demand for outdoor LED lightings. The features associated with outdoor LED lightings such as less energy consumption and cost-effectiveness are also contributing towards their growth across the globe.

The key factors propelling the growth of global LED lighting market include increasing adoption of energy efficient lighting solutions, declination in prices of LEDs and modernization and development of infrastructure. LEDs offer several advantages over many conventional lighting technologies in terms of energy efficiency, lifetime, versatility, and color quality and cost efficiency. Owing to this, their penetration is continuously increasing in the residential, commercial and industrial lighting applications.

Several economic barriers in the developing and underdeveloped countries, including poor infrastructure, technological inefficiency, lack of skilled workforce, political instability and scarcity of capital, make them unattractive to investors. Owing to this, government of various developing and underdeveloped countries, is focusing towards development and modernization of infrastructure. With the improvement in infrastructural investment in such countries, the demand for lighting is expected to arise from the underpenetrated areas. These factors are likely to spearhead the global LED lighting market in near future.

The global LED lighting market is highly fragmented due to the presence of large number of regional and international players across the globe. Due to the fragmented nature of the market, the competition among the global and regional players is high. It has also been observed that several large players are losing their market share owing to the competition posed by new entrants, especially from China.

Some of the major companies operating in the global LED lighting market include Phillips Lighting Holding B.V., General Electric Company, OSRAM Licht AG, Cree, Inc., Eaton Corporation Plc, Virtual Extension, Dialight plc, Zumtobel Group AG, Samsung Electronics Co. Ltd. and Sharp Corporation,.

Key Topics Covered:

1. Research Background

2. Research Methodology

3. Executive Summary

4. Introduction
4.1 Market Segmentation
4.1.1 Overview by Product Type Lamp Luminaire
4.1.2 Overview by Installation Type
4.1.3 Overview by Application
4.2 LED Lighting Market Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers Growing adoption of energy efficient lighting solutions Decline in prices of LEDs Modernization and development of infrastructure Increasing adoption of LEDs as general lighting Impact analysis of drivers on market forecast
4.3.2 Restraints Development of alternative technologies Lack of awareness regarding installation cost and payback period Impact analysis of restraints on market forecast
4.3.3 Trends Increasing penetration of non-visible LED applications Implementation of adaptive driving beam (ADB)
4.4 Porter’s Five Forces of Competitive Position Analysis

5. Market Size and Forecast by Product Type
5.1 LED Luminaire Market, By Region
5.2 LED Lamp Market, by Region

6. Market Size and Forecast by Installation Type
6.1 New Installation Based LED Lighting Market
6.1.1 New Installation based LED Lighting Market, by Region
6.2 Retrofit LED Lighting Market
6.2.1 Retrofit LED Lighting Market, by Type T-Lamps Reflectors Other LED lamps

7. Market Size and Forecast by Application
7.1 Indoor LED Lighting Market
7.1.1 Indoor LED Lighting Market, by Type
7.1.2 Indoor LED Lighting Market, by Region
7.2 Outdoor LED Lighting Market
7.2.1 Outdoor LED Lighting Market, by Type
7.2.2 Outdoor LED Lighting Market, by Region

8. Market Size and Forecast by Geography

9. Competitive Landscape
9.1 Recent Activities of Major Players
9.2 Competitive Benchmarking
9.2.1 Company Share Analysis
9.2.2 Market Segment Benchmarking of Major Players
9.2.3 Product Benchmarking of Major Players
9.3 Global Strategic Developments
9.3.1 Product/ Service Launch and Enhancement
9.3.2 Client Win
9.3.3 Others

10. Company Profiles

  • Philips Lighting Holding B.V.
  • General Electric
  • OSRAM Licht AG
  • Cree Inc.
  • Eaton Corporation Plc
  • Virtual Extension
  • Dialight Plc
  • Zumtobel Group AG
  • Samsung Group
  • Syska LED

For more information about this report visit

Tagged with , ,

Comment on the story

Your email address will not be published. Required fields are marked *