Aug 23, 2019   SOURCE: BusinessWire

Global LED Lighting Markets, 2025 - ResearchAndMarkets.com

The "LED Lighting Market Size, Share & Trends Analysis Report By End Use (Residential, Commercial, Industrial, Others), By Design (Lamps, Luminaires), By Application (Indoor, Outdoor), And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global LED lighting market size is expected to reach USD 105.66 billion by 2025. It is expected to register a CAGR of 11.8% over the forecast period.

The revision of energy policies and focus towards developing energy-saving products accompanied by reducing LED product prices is expected to keep the market buoyant. Moreover, lucrative benefits such as longer lifespan, low heat emission, and most importantly lesser energy consumption as compared to traditional lights such as CFL lamps is anticipated to boost the product demand.

The companies operating in North America have witnessed a rise in sales of LED lighting products in the last two years, the revenue was primarily generated from the U.S. customers. However, the cost of LED lights in the region is anticipated to increase slightly owing to the trade tensions between U.S. and China, as it would cause an increase in raw material prices thereby increasing the end product cost.

The European manufacturers are expected to gain more significant business opportunities in the upcoming years as the regional demand for commercial lighting such as troffers increased substantially in 2018. On the other hand, three major trends are expected to positively influence the Asia LED lighting market in the next seven years. The first being the Tokyo Olympics 2020 which shall increase demand in the Japan market, second is DLC V5.0 based lighting that will boost demand for high-end lighting, and the last one being the cross-industry expansion of lighting manufacturers that shall open new opportunities for the industry.

The residential lighting segment has witnessed high growth in the last few years as the adoption of LED A-type lamps has grown exponentially owing to lowered product prices and subsidy programs by various governments and agencies. The commercial LED lighting segment is dominating the overall market and has an enormous demand for troffers and downlights in retail and corporate offices.

Growth of industrial LED lighting is supported by government regulations related to workspace lighting, availability of high-brightness LED panels and various schemes offered by manufacturers on bulk purchase. LED lighting technology has also witnessed implementation in the specialty lighting market, and its application is rising in areas such as horticulture lighting and healthcare lighting among others.

Further key findings from the report suggest:

  • Global LED luminaires segment demand was valued at USD 25.71 billion in 2018 and is anticipated to witness steady growth over the forecast period.
  • Asia Pacific LED lighting market is projected to witness substantial growth over the next decade owing to the tremendous demand for energy-efficient lighting in residential and commercial sectors. It is expected to exhibit a CAGR of 13.0% from 2019 to 2025.
  • Key market players include Signify Holding, OSRAM GmbH, Cree, Inc., Eaton, and General Electric which accounted for a majority share of the total revenue in 2018.

Key Topics Covered

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Market Definitions

Chapter 4 Industry Outlook

4.1 Market Snapshot

4.2 Global LED Lighting Market

4.2.1 Design Segment Trends

4.2.2 Application Segment Trends

4.2.3 Regional Segment Trends

4.3 Value Chain Analysis

4.4 Market Variable Analysis

4.4.1 Market Driver Analysis

4.4.1.1 Transformation in energy policies globally

4.4.1.2 Aggressive price decline

4.4.1.3 Growing regulatory and government intervention across the world

4.4.1.4 Attractive incentives

4.4.1.5 High efficiency and greater lifespan

4.4.2 Market Restraint Analysis

4.4.2.1 Volatile economic situations

4.4.2.2 Lack of consumer awareness

4.4.2.3 Compatibility constraint

4.4.2.4 Dominance of conventional lights

4.4.2.5 High adoption cost

4.4.3 Industry Challenges

4.4.3.1 High initial cost

4.4.3.2 Thermal Design Challenges

4.4.3.3 Blue Light effect on health

4.5 Penetration and Growth Prospect Mapping

4.6 LED Lighting Market: Key Company Analysis, 2018

4.7 Led Lighting Market: Company Ranking Analysis, By Region, 2018

4.7.1 North America

4.7.2 Europe

4.7.3 Asia Pacific

4.7.4 Latin America

4.7.5 Middle East And Africa

4.8 Major Deals & Strategic Alliances Analysis

4.9 Business Environment Analysis Tool

4.9.1 Led Lighting Market: Pestel Analysis

4.9.2 Led Lighting Market: Porter's Analysis

Chapter 5 LED Lighting Market - Design Segment Analysis

5.1 Lamps

5.2 Luminaire

Chapter 6 LED Lighting Market - Application Segment Analysis

6.1 Indoor

6.2 Outdoor

Chapter 7 LED Lighting Market - End Use Segment Analysis

7.1 Commercial

7.2 Residential

7.3 Industrial

7.4 Other

Chapter 8 LED Lighting Market - Regional Segment Analysis

8.1 North America

8.2 Europe

8.3 Asia-Pacific

8.4 Latin America

8.5 MEA

Chapter 9 Competitive Landscape

9.1 Acuity Brands Lighting Inc.

9.2 Digital Lumens Inc.

9.3 Osram GmbH

9.4 Cree Inc.

9.5 Dialight

9.6 Eaton (Cooper Industries)

9.7 General Electric

9.8 Zumtobel Group AG

9.9 Signify Holding

9.10 Semiconductor Co. Ltd. (Seoul Semiconductor)

9.11 LSI Industries Inc.

9.12 Panasonic Corporation

9.13 Vishay Intertechnology Inc.

9.14 LumiGrow

9.15 Hubbell

For more information about this report visit https://www.researchandmarkets.com/r/vevabw