The global lighting market is anticipated to grow at a CAGR of around 4.8% over the forecast period 2019 to 2026, expected to reach around US$ 156.8 Bn by 2026.
Light plays a very vital role in every sector. Nowadays, lighting technology is so important in daily life that nowadays it is helping in the production of plants, artificially. According to the European Commission, lighting holds 15%- 18% of electricity consumption, globally. Furthermore, over the past few day’s decades, the lighting industry has experienced continuous technological transformation.
Market Dynamics
Increasing demand for power-efficient illuminating systems across residential, commercial, and industrial sectors, rising concern over reduction of non-renewable sources of power, and decreasing price of light Emitting Diodes (LED) lights are likely to propel the growth. LEDs are highly efficient, reliable, and they yield a longer life span, which is anticipated to boost their application in both indoor and outdoor settings. These lights are cost-effective compared to incandescent lights, delivering around 50,000 hours of illumination with a small amount of energy consumed. Their lower cost of operation and reduced heat losses also make them a suitable replacement for incandescent lights. Technological advancements, shift from conventional to green lighting, enhanced energy efficiency standards, and declining prices have also spurred the demand. Governments are offering incentives and rebates on replacement of traditional lamps with led products, this enables to improve adoption of led products worldwide. Smart illuminations are also anticipated to offer lucrative opportunities for application in industrial and commercial areas. They have the capability to adjust light-weight using control zones. Smart city schemes have become predominant in the U.S. and several European nations with rising focus on strategies to lessen peak power demand and overall consumption of energy. This technology transformation allows light manufacturing companies to develop new and innovative products. For instance, LEDs are the new technology, which has been adopted by light manufacturing companies for the past decade. Also, scientists have discovered the usage of LEDs in growing plants. Additionally, scientists say that led light plays an important role and an essential product in plant growth and development.
By lighting type, the LED segment is expected to dominate the lighting market
By lighting type, the global lighting market is segregated into LEDs, CFLs, sLFLs, HIDs, halogens and incandescent. The LED ssegment accounted for the major share of the market in 2018 and it dominate the market during the forecast period owing to the increase in demand for product efficient and growth in demand for energy efficient lighting in the end-use industries.
Based on end user, the residential segment is expected to dominate during the forecast period
Based on end user, the market has been segmented into residential, commercial and industrial. The residential segment account for the highest market share in terms of value and volume in the market in 2018. The growth of the market is primarily influenced owing to increase purchasing power of the consumer and technological advancement in the lighting solutions to influence the premium features at low cost. However, the commercial segment is expected to lead the market in terms of growth rate during the forecast period.
The market research study on “Global Lighting Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”,offers a detailed insight into the global lighting market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global Lighting market, its market design, application, vehicle, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Lighting market size and volume, and segment markets by market design, application, vehicle, and geography along with the information on companies operating in the market. The global Lighting market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, Asia- Pacific dominated the regional market with a maximum market share
Asia- Pacific accounted for the high market share of the global lighting market and the region is also expected to maintain its dominance over the forecast period. Some major factors contributing to this growth are, due to the increasing regional population and the demand for lighting equipment in residential, commercial, and industrial sectors. Furthermore, this region is also expected to grow substantially in the forecast period because of continuously increasing demand for innovative, durable, and reasonable lighting equipment. There are multiple registered and unregistered players that are manufacturing and providing lights to customers. In the Asia Pacific, China will hold the largest market share, because of the fragmentation of the market by many vendors. In addition, China also exports its lighting products to different countries.
The key companies involved in the market includes are GE Lighting, Koninklijke Philips N.V., Panasonic Corporation, OSRAM Licht AG, Schneider Electric SE, Cree, Inc., CITIZEN ELECTRONICS CO. LTD, Lumerica, LEDtronicsInc, and Acuity Brands Inc.
Market Segmentation
Market By Lighting Type
- LEDs
- CFLs
- sLFLs
- HIDs
- Halogens
- Incandescent
Market By Application
- General Lighting
- Automotive Lighting
- Backlighting
- Others
Market By End User
- Residential
- Commercial
- Industrial
Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Lighting
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Lighting Market By Lighting Type
1.2.2.1. Global Lighting Market Revenue and Growth Rate Comparison By Lighting Type(2015-2026)
1.2.2.2. Global Lighting Market Revenue Share By Lighting Type in 2018
1.2.2.3. LEDs
1.2.2.4. CFLs
1.2.2.5. sLFLs
1.2.2.6. HIDs
1.2.2.7. Halogens
1.2.2.8. Incandescent
1.2.3. Lighting Market By Application
1.2.3.1. Global Lighting Market Revenue and Growth Rate Comparison By Application(2015-2026)
1.2.3.2. Global Lighting Market Revenue Share By Application in 2018
1.2.3.3. General Lighting
1.2.3.4. Automotive Lighting
1.2.3.5. Backlighting
1.2.3.6. Others
1.2.4. Lighting Market By End User
1.2.4.1. Global Lighting Market Revenue and Growth Rate Comparison By End User (2015-2026)
1.2.4.2. Global Lighting Market Revenue Share By End User in 2018
1.2.4.3. Residential
1.2.4.4. Commercial
1.2.4.5. Industrial
1.2.5. Lighting Market By Geography
1.2.5.1. Global Lighting Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Lighting Market Revenue and Growth Rate(2015-2026)
1.2.5.3. Europe Lighting Market Revenue and Growth Rate(2015-2026)
1.2.5.4. Asia-Pacific Lighting Market Revenue and Growth Rate(2015-2026)
1.2.5.5. Latin America Lighting Market Revenue and Growth Rate(2015-2026)
1.2.5.6. Middle East and Africa (MEA) Lighting Market Revenue and Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Application and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING LIGHTING ANALYSIS
3.1. Capacity and Commercial Production Date of Global Lighting Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Lighting Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Lighting Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Lighting Major Manufacturers in 2018
CHAPTER 4. LIGHTING MARKET BY LIGHTING TYPE
4.1. Global Lighting Revenue By Lighting Type
4.2. LEDs
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. CFLs
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. sLFLs
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. HIDs
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Halogens
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.7. Incandescent
4.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. LIGHTING MARKET BY APPLICATION
5.1. Global Lighting Revenue By Application
5.2. General Lighting
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Automotive Lighting
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Backlighting
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Others
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. LIGHTING MARKET BY END USER
6.1. Global Lighting Revenue By End User
6.2. Residential
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Commercial
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Industrial
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. NORTH AMERICA LIGHTING MARKET BY COUNTRY
7.1. North America Lighting Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Lighting Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Lighting Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 8. EUROPE LIGHTING MARKET BY COUNTRY
8.1. Europe Lighting Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Lighting Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC LIGHTING MARKET BY COUNTRY
9.1. Asia-Pacific Lighting Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Lighting Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 10. LATIN AMERIC ALIGHTING MARKET BY COUNTRY
10.1. Latin America Lighting Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Lighting Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA LIGHTING MARKET BY COUNTRY
11.1. Middle East & Africa Lighting Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & Africa Lighting Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Lighting Type, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By End User, 2015 - 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. GE Lighting
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Koninklijke Philips N.V.
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Koninklijke Philips N.V.
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. OSRAM Licht AG
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Schneider Electric SE
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Cree, Inc.
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. CITIZEN ELECTRONICS CO. LTD
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Lumerica
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. LEDtronicsInc
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Acuity Brands Inc.
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Type Portfolio
12.11.5. Key Developments
12.11.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
