LEDs and the Worldwide Market for Lighting Fixtures (2012-2022): Breakdown on Segments, Products, Applications, Countries - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 12, 2019--
The “LEDs and the Worldwide Market for Lighting Fixtures” report has been added to ResearchAndMarkets.com’s offering.
The IX edition of the LEDs and the worldwide market for lighting fixtures is mainly based on around 300 interviews with manufacturers and retailers of lighting fixtures worldwide during the first half of 2018, in addition to statistical data and 20-year experience of the author in the lighting fixtures industry.
The report provides estimated data on the consumption of total lighting fixtures and LED-based lighting fixtures for the years 2012-2017 and forecasts for the years 2018-2022.
A breakdown of LED lighting fixtures worldwide market is provided by country/geographical area, segment, product, and application.
LED-based lighting fixtures sales and related market shares are provided for the major companies operating in this market by considered countries. Short company profiles are also included. In the ranking, there are both companies using LEDs for some 30%-40% of their company turnover and LED lighting specialists. Company market shares are given also for sectors and applications.
A focus on the supply chain of the LED industry is provided, as well as a section describing the breakthrough technologies that are supposed to lead the industry in the coming years.
In 2017, the global lighting market reached a value of almost USD 92 billion. Out of this value, LED-base lighting accounts for almost USD 50 billion, corresponding to around 54% of its value.
It is forecast that the average annual growth of the worldwide market for lighting fixtures in the next five years (2017-2022) is going to be around 3%. This synthetic number comes from the projection of a contraction of conventional lighting fixtures consumption of 7% on average per year and an annual average increase of 9% of LED-base luminaires between 2017 and 2022. Therefore, the worldwide market for lighting fixtures in the year 2022 is projected to reach a value of around USD 106 billion, at constant (2017) prices.
Although it is still very dynamic, the LED lighting fixtures growth has been decelerating compared to a few years ago. Long replacement cycle once installed and the declining margins dampened by pricing headwinds have been making the LED business less profitable than it was a few years ago. For this reason, the industry has now identified in the intelligent networked lighting, building management systems, and the IoT applications the next propelling force that will guide the market in the next future.
Key Topics Covered
1. Basic Data and Activity Trends
2. Worldwide Competition: Top 50 Players
3. Regional Reports: Activity Trend and Market Shares
4. Supply Chain and Financial Indicators
5. Mid-Term Growth Drivers
For more information about this report visit https://www.researchandmarkets.com/r/a2fdaw
View source version on businesswire.com:https://www.businesswire.com/news/home/20190912005398/en/
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SOURCE: Research and Markets
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PUB: 09/12/2019 06:01 AM/DISC: 09/12/2019 06:01 AM