Market Research Reports

Industrial And Commercial LED Lighting (Industrial, Commercial, Architectural, And Outdoor) Market - Global Industry Size, Market Share, Trends, Analysis And Forecast, 2013 - 2019

75pages
Published Date: 2014-04-28
 

Description


LED lighting delivers high efficiency, high level of brightness, long lifespan and high reliability. LED lights are manufactured using semiconductor components and emit less radiated heat as compared to other products such as incandescent and fluorescent. According to the U.S. Department of Energy (DOE), LEDs emit very less heat compared to incandescent bulbs (90%) and CFLs (80%). LED lights are used across various end users applications such as industrial, commercial, architectural and outdoor.

The global industrial and commercial LED lighting market is growing rapidly mainly due to high efficiency of LED lights, government regulations to ban incandescent lamps and attractive payback of LED lighting. Moreover, LED lighting is environmental free lighting, as it does not emit harmful gases that result in hazardous disorders in human beings. For example, fluorescent lights emit harmful gases that are carcinogenic and may cause cancer, while incandescent lamps emit large amounts of CO2. However, LEDs overcome these disadvantages with improved reliability and high degree of illumination.

Incandescent lamps use more energy than LED lamps; hence, several governments have introduced measures to ban their use. Governments have set minimum efficiency standards and introduced measures to ban the use of incandescent lamps. For example, in the U.S., federal law scheduled the phasing out of incandescent bulbs by 2013 and replacing them with energy efficient LED bulbs. Phasing out of incandescent bulbs began in January 2013 started with 100 watt bulbs followed by 75 watt bulbs in 2014. Moreover, 40-watt and 60-watt incandescent bulbs are expected to join the list soon. In Japan, all incandescent lamps have been banned since 2012. In China, 100-watt and 75-watt incandescent lamps have been banned since 2012 and 2013 respectively. In Brazil, 100-watt and 60-watt+ incandescent lamps were banned since 2012 and 2013 respectively. Moreover, non-commercial growth drivers in the market include actions taken to support LED lighting systems at the legislative level, development of regulations and standards that fuels the growth of LED lighting systems and different programmes for implementing energy-efficient lighting systems at the level of an individual organization levels. In Japan, after the Ministry of Economy took the decision to ban the use of incandescent lamps in 2012, some manufacturers announced that they would stop production of incandescent lamps and to improve the production of LED lights. Hence, penetration of LED lighting increased to 30% in 2012 from 16% in 2010. Europe banned import as well as manufacturing of all incandescent lamps from September 2012.  The U.S. has banned incandescent lamps since 2012; South Korea banned the use of incandescent lamps in 2013.

According to a conservative study conducted by the DOE (Department of Energy) LEDs have the potential to reduce yearly consumption by 190 terawatt hours in the U.S.  Additionally, LEDs can further reduce greenhouse gases by at least 10% over the period of five to ten years. LED lighting lowers overall cost of lighting as it offers about 50,000 hours of illumination with a fraction of energy used by traditional incandescent bulbs. It extends time between bulb replacements. LED lighting is preferred as near zero maintenance lighting system. Suppliers of LED lighting offer more than 150 different lamp and bulb styles to meet the needs of businesses and consumers. 


Lighting presents huge opportunity to reduce energy consumption. The global lighting market is currently under-penetrated by LEDs. Low penetration is attributed to the nascent stage of LED technology and dominance of other technologies in lighting. Incandescent bulbs accounted for 58% of the lighting market in 2012, followed by fluorescent lamps with 25%. LED lighting is expected to increase its market share when LED products truly compete with incumbent products on performance and price. LED penetration in the market is less than 10% due to higher penetration of fluorescent and compact fluorescent lights.  High cost of LED lights as compared to fluorescent lights and higher penetration of fluorescent lamps as compared to LED lights are some of the factors restraining the growth for LED lighting market. However, government regulations to ban incandescent lamps is expected to minimize the impact of this restraint as LEDs are expected to capture the market shares of incandescent lamps in next few years.


The report includes segmentation of Industrial and Commercial LED Lighting market by end user and geography. Further, it provides current and forecast market size by revenue for the aforementioned categories. Cross sectional analysis for end user and geography segments is a part of the scope. Factors influencing and inhibiting the growth of the market have been analyzed. Porter’s five forces analysis offers insights on market competition. 

This study includes profiles of key players in the market and the strategies adopted by them to sustain the competition. Recent developments and barriers of the market will help emerging players to design their strategies in an effective manner. The study is expected to help key players of LED lighting market in formulating and developing their strategies.
 
Industrial and Commercial LED Lighting Market by End user
  • Industrial
  • Commercial
    • Office buildings
    • Hotel & restaurants
    • Retail shops
    • Educational institutes
    • Warehouse & storages
  • Architectural
  • Outdoor
Industrial and Commercial LED Lighting Market by Geography
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Table of Contents


Table of Content

Chapter 1 Global Industrial and Commercial LED Lighting Market
1.1 Research description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Market definition
3.2 Market dynamics
      3.2.1 Market Drivers
               3.2.1.1 High efficiency and durability of LED lights
               3.2.1.2 Government ban on incandescent lamps
               3.2.1.3 Attractive payback
      3.2.2 Market Restraints
               3.2.2.1 Dominance of Fluorescent lamps
               3.2.2.2 High initial cost
      3.2.3 Market opportunities
               3.2.3.1 Increasing patent filing trends
               3.2.3.2 Smart Lighting
               3.2.3.3 Untapped market potential
3.3 Supply Chain Analysis
3.4 Porter’s Five Forces
      3.4.1 Bargaining power of suppliers
      3.4.2 Bargaining power of buyers
      3.4.3 Threat of Substitutes
      3.4.4 Threat of new entrants
      3.4.5 Competitive rivalry

Chapter 4 Global Industrial and Commercial LED Lighting Market by End Use Industry, 2013 – 2019
4.1 Introduction
4.2 Industrial Lighting Segment
      4.2.1 Industrial lighting segment market size and forecast, 2011-2019 (USD million)
4.3 Commercial Lighting Segment
      4.3.1 Commercial lighting segment market size and forecast, 2011-2019 (USD million)
      4.3.2 Commercial lighting market revenue and forecast, by end user type, 2011-2019 (USD Million)
4.4 Outdoor Lighting Segment
      4.4.1 Outdoor lighting segment market size and forecast, 2011-2019 (USD million)
4.5 Architectural Lighting Segment
      4.5.1 Architectural lighting segment market size and forecast, 2011-2019 (USD million)

Chapter 5 Global Industrial and Commercial LED Lighting Market by Geography, 2013-2019
5.1 Introduction
      5.1.1 Global industrial and commercial LED lighting market revenue share, by geography, 2012 and 2019 (%)
5.2 North America
      5.2.1 North America industrial and commercial LED lighting market revenue and forecast, 2012-2019 (USD Million)
      5.2.2 North America industrial and commercial LED lighting market revenue and forecast, by end user type, 2011-2019 (USD Million)
      5.2.3 North America commercial LED lighting market revenue and forecast, by end user, 2011-2019 (USD Million)
5.3 Europe
      5.3.1 Europe industrial and commercial LED lighting market revenue and forecast, 2011-2019 (USD Million)
      5.3.2 Europe industrial and commercial LED lighting market revenue and forecast, by end user type, 2011-2019 (USD Million)
      5.3.3 Europe commercial LED lighting market revenue and forecast, by type, 2011-2019 (USD Million)
5.4 Asia Pacific
      5.4.1 Asia Pacific industrial and commercial LED lighting market revenue and forecast, 2011-2019 (USD Million)
      5.4.2 Asia Pacific industrial and commercial LED lighting market revenue and forecast, by end user type, 2011-2019 (USD Million)
      5.4.3 Asia Pacific commercial LED lighting market revenue and forecast, by type, 2011-2019 (USD Million)
5.5 Rest of the World (RoW)
      5.5.1 RoW industrial and commercial LED lighting market revenue and forecast, 2011-2019 (USD Million)
      5.5.2 RoW industrial and commercial LED lighting market revenue and forecast, by end user type, 2011-2019 (USD Million)
      5.5.3 RoW commercial LED lighting market revenue and forecast, by type, 2011-2019 (USD Million)

Chapter 6 Competitive Landscape
6.1 Market shares of key players
6.2 Market share of major players in industrial and commercial LED lighting market, 2012 (%)

Chapter 7 Company Profiles
7.1 Digital Lumens, Inc.
      7.1.1 Company overview
      7.1.2 Financial overview
      7.1.3 Business strategies
      7.1.4 Recent developments
7.2 Koninklijke Philips Electronics N.V.
      7.2.1 Company overview
      7.2.2 Financial overview
      7.2.3 Business strategies
      7.2.4 Recent developments
7.3 Osram Licht AG
      7.3.1 Company overview
      7.3.2 Financial overview
      7.3.3 Business strategies
      7.3.4 Recent developments
7.4 Cree, Inc.
      7.4.1 Company overview
      7.4.2 Financial overview
      7.4.3 Business strategies
      7.4.4 Recent developments
7.5 Dialight plc
      7.5.1 Company overview
      7.5.2 Financial overview
      7.5.3 Business strategies
      7.5.4 Recent developments
7.6 Cooper Industries plc
      7.6.1 Company overview
      7.6.2 Financial overview
      7.6.3 Business strategies
      7.6.4 Recent developments
7.7 GE Lighting Solutions
      7.7.1 Company overview
      7.7.2 Financial overview
      7.7.3 Business strategies
      7.7.4 Recent developments
7.8 Toshiba Corporation
      7.8.1 Company overview
      7.8.2 Financial overview
      7.8.3 Business strategies
      7.8.4 Recent developments
7.9 Zumtobel AG
      7.9.1 Company overview
      7.9.2 Financial overview
      7.9.3 Business strategies
      7.9.4 Recent developments

List of Figures

FIG. 1 Market Segmentation: Global Industrial and Commercial LED Lighting Market
FIG. 2 Global electricity consumption by lighting and LED penetration, 2012
FIG. 3 Supply chain analysis for industrial and commercial LED lighting market
FIG. 4 Porter’s five forces for industrial and commercial LED lighting market
FIG. 5 Industrial and commercial LED lighting, market share (%), By end user type, 2012 and 2019
FIG. 6 Industrial lighting segment market size and forecast, 2011-2019 (USD million)
FIG. 7 Commercial lighting segment market size and forecast, 2011-2019 (USD million)
FIG. 8 Outdoor lighting segment market size and forecast, 2011-2019 (USD million)
FIG. 9 Architectural lighting segment market size and forecast, 2011-2019 (USD million)
FIG. 10 Global industrial and commercial LED lighting market revenue share, by geography, 2012 and 2019 (%)
FIG. 11 North America industrial and commercial LED lighting market revenue and forecast, 2011-2019 (USD Million)
FIG. 12 Europe industrial and commercial LED lighting market revenue and forecast, 2011-2019 (USD Million)
FIG. 13 Asia Pacific industrial and commercial LED lighting market revenue and forecast, 2011-2019 (USD Million)
FIG. 14 RoW industrial and commercial LED lighting market revenue and forecast, 2011-2019 (USD Million)
FIG. 15 Market share of major players in industrial and commercial LED lighting market, 2012 (%)
FIG. 16 Koninklijke Philips N.V , annual revenue, 2010 – 2012 (USD million)
FIG. 17 Cree Inc., LED product segment annual revenue, 2010 – 2012 (USD million)
FIG. 18 Dialight PLC , annual revenue, 2011 – 2012 (USD million)
FIG. 19 Cooper Industries PLC annual revenue, 2010 – 2011 (USD million)
FIG. 20 GE Lighting, home & business solutions segment annual revenue, 2010 – 2012 (USD million)
FIG. 21 Toshiba Corp. annual revenue, 2011 – 2012 (USD million)
FIG. 22 Zumtobel AG annual revenue, 2010 – 2012 (USD million)

List of Tables

TABLE 1 Global industrial and commercial LED lighting market snapshot
TABLE 2 Drivers of the global industrial and commercial LED lighting market: Impact Analysis
TABLE 3 Phase out of incandescent lamps in different countries
TABLE 4 Restraints for the industrial and commercial LED lighting market: Impact analysis
TABLE 5 Patent filing trends over last decade

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Free Market Analysis


LED lighting technology delivers high efficiency, high level of brightness, long lifespan and high reliability than incandescent, fluorescent and HID lights. LED light minimizes the operating and maintenance cost and is also considered as environment friendly lighting, as it does not emit harmful gases. LEDs emit very less heat compared to incandescent bulbs and CFLs.

The industrial and commercial LED lighting market is driven by various factors such as high efficiency and durability, government ban on incandescent lamps and attractive payback, as it consumes minimum electricity and reduces electricity bills. The global industrial and commercial LED lighting market was valued at 12,927.9 million in 2012 and is expected to grow at a CAGR 30.8% during the forecast period from 2013 to 2019. However, dominance of fluorescent lamps and high initial cost of deployment for LED lamps are some of the factors inhibiting the growth of this market.

In terms of end-users, commercial segment was the largest and accounted for 52.5% share in 2012. Increasing awareness among end-users to reduce energy consumption and CO2 emission are the factors driving the growth of industrial and commercial LED lighting market during the forecast period. In addition, governments of various countries have been imposing ban on production and sale of incandescent lights. In 2012, the Chinese government announced that it would phase out the use and production of incandescent lights and imposed a ban on imports and sales of 100-watt and higher incandescent bulbs. This is expected to fuel the growth of market during the forecast period.  

global-industrial-and-commercial-led-lighting-market-size-and-forecast-by-geography-2012

Geographically Europe was the largest industrial and commercial LED lighting market and accounted for 33.1% in 2012 owing to increase in investment by government. In addition, countries such as Russia, Germany, Denmark and the U.K. are focusing on deployment of efficient lighting to improve lighting quality and to lower overall operational cost, which will further increase the demand for LED lighting products and solutions. North America and Asia Pacific markets are expected to show strong growth owing to ban on incandescent lamps. With this, the demand for LED lighting is expected to fuel in near future. In addition, government funding to deploy LED lights is also one of the important drivers for this market.

Most of LED light manufacturers are competing against each other by developing cost effective products with greater performance to get competitive advantage. The global industrial and commercial LED Lighting market is dominated by few organized players namely Philips Electronics N.V., Osram Opto, Cree Incorporation, Cooper Industries Plc and GE lightings.

 

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