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World Lighting: Lamps & LEDs

World demand to rise 12.3% annually through 2016
World demand for lighting is projected to grow 12.3 percent yearly through 2016 to $78.3 billion. Gains will be boosted by an ongoing shift to higher value lighting technologies that are more efficient, particularly as many countries phase out general use incandescent lamps. The rising availability of light-emitting diodes (LEDs) and other high efficiency light sources at more affordable prices, along with improved light quality, will further propel this shift. Product sales will also be driven in part by an acceleration in factors such as personal income, economic activity, global motor vehicle output, and construction spending.

LED lighting devices to dominate future gains
LED (or solid-state) lighting devices will record by far the fastest global market gains of any major product segment through 2016. Historically, demand for LEDs used in lighting applications has been restrained by both high product prices and technical deficiencies in the quality and diffusion of light. However, the rapid rate of technological advances is dramatically improving their performance capabilities and resulting in substantial reductions in cost, leading to LED use in a growing number of lighting applications. Sales of fluorescent lamps will continue to grow, spurred in the near term by government-led efforts to phase out usage of energy-inefficient general service conventional incandescent lamps in many areas. While compact fluorescent lamps (CFLs) have generally been the replacement product of choice, sales are expected to be more limited going forward partly due to rising concern for safe disposal of spent CFLs (which is complicated by the incorporation of mercury into the lamps) and competition from LEDs which are benefitting from reduced prices and improved performance.

China & other developing countries to lead gains
Market gains in developing countries will outpace electric lighting sales in the US, Western Europe and Japan, spurred by healthy economic growth, ongoing industrialization efforts, greater manufacturing output, new household formation activity, and rising standards of living. China will account for 49 percent of all additional product demand through 2016, strengthening its position as the largest national market for lamps and LEDs. Above average growth is also expected in Russia, Mexico, and Brazil. Sales of lighting in many of these developing areas will be assisted by subsidies for consumer purchases of high efficiency lighting, sometimes with support from international organizations, as utilities seek to reduce load on local energy grids or benefit from carbon reduction credits.

Poland and other parts of Eastern Europe will post similar sales gains as economic conditions improve. Canada will also generate robust sales as the country will be slower to require high efficiency lighting compared to other developed countries. Although sales advances will not be as strong in most other developed areas, lighting product sales will climb there as well through 2016, bolstered by a strong upturn in motor vehicle production and construction activity from reduced 2011 levels, coupled with interest in changing to more efficient light sources.


PRESS RELEASE

World Demand for Lighting to Exceed $78 Billion in 2016

World demand for lighting is projected to climb more than 12 percent annually through 2016 to $78.3 billion. Sales will be driven in general by an acceleration in economic activity, personal income, global motor vehicle output, and construction spending. However, a more important factor will be the ongoing shift to higher value, more efficient lighting technologies, particularly as many countries phase out the sale of conventional incandescent lamps for general use applications. This shift is being propelled by the rising availability of light-emitting diodes (LEDs) and other high efficiency light sources at more affordable prices and with improved light quality. Prices for key light sources such as compact fluorescent lamps (CFLs) and LEDs are expected to fall significantly. These and other trends are presented in World Lighting: Lamps & LEDs, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.

Market gains in developing countries will outpace sales in the US, Western Europe, and Japan, fueled by ongoing industrialization efforts, increased manufacturing output, and rising standards of living. China alone will account for 49 percent of all additional product demand through 2016, strengthening its position as the largest national market for lamps and LEDs. Above average growth is also expected in countries such as Russia, Mexico, and Brazil. Sales of lighting in many of these developing areas will be aided by subsidies for consumer purchases of high efficiency lighting, sometimes with support from international organizations.

LED (or solid-state) lighting devices will record by far the fastest global market gains of any major product segment through 2016. The rapid rate of technological advances has dramatically improved their performance capabilities and resulted in substantial reductions in cost, leading to LED use in a growing number of lighting applications. Sales of fluorescent lamps will continue to expand, spurred in the near term by government-led efforts to phase out use of energy inefficient, general service, conventional incandescent lamps in many areas. While CFLs have generally been the replacement product of choice, sales are expected to be more limited going forward partly because of growing concern for safe disposal of spent CFLs and the increasing price and performance competition from LEDs.

  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table WORLD LIGHTING DEMAND million dollars)
  • MARKET ENVIRONMENT
    • General
    • World Economic Overview
      • Recent Historical Trends
      • World Economic Outlook
        • Table WORLD GROSS DOMESTIC PRODUCT BY REGION (billion 2010 dollars)
    • World Demographic Overview
      • Population
        • Table WORLD POPULATION BY REGION (million persons)
      • Households
        • Table WORLD HOUSEHOLDS BY REGION (millions)
    • World Personal Consumption Expenditures
      • Table WORLD PERSONAL CONSUMPTION EXPENDITURES BY REGION (billion 2010 dollars)
    • World Construction Expenditures
      • Table WORLD CONSTRUCTION EXPENDITURES BY TYPE & REGION (billion 2010 dollars)
      • Residential Building
        • Table WORLD RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION (billion 2010 dollars)
      • Nonresidential Building
        • Table WORLD NONRESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION (billion 2010 dollars)
      • Nonbuilding
        • Table WORLD NONBUILDING CONSTRUCTION EXPENDITURES BY REGION (billion 2010 dollars)
    • World Manufacturing Outlook
      • Table WORLD MANUFACTURING VALUE ADDED BY REGION (billion 2010 dollars)
    • World Motor Vehicle Trends
      • Motor Vehicle Production
        • Table WORLD MOTOR VEHICLE PRODUCTION BY TYPE & REGION (000 vehicles)
      • Motor Vehicles in Use
        • Table WORLD MOTOR VEHICLES IN USE BY TYPE & REGION (million)
    • Access to Electricity
    • Technology Trends
    • Pricing Patterns
      • Table WORLD ELECTRIC LIGHTING PRICE DEFLATORS (2010=100)
    • Environmental & Regulatory Issues
  • WORLD SUPPLY & DEMAND
    • General
    • Regional Overview
      • Demand
        • Table WORLD LIGHTING DEMAND BY REGION (million dollars)
      • Production
        • Table WORLD LIGHTING SHIPMENTS BY REGION (million dollar)
      • International Trade
        • Table WORLD LIGHTING NET EXPORTS BY REGION (million dollars)
    • Demand by Product
      • Table WORLD LIGHTING DEMAND BY PRODUCT (million dollars)
      • Lamps
        • Table WORLD FLUORESCENT LIGHTING DEMAND BY PRODUCT & REGION (million dollars)
        • Table WORLD INCANDESCENT LIGHTING DEMAND BY PRODUCT & REGION (million dollars)
        • Table WORLD HIGH INTENSITY DISCHARGE & OTHER LIGHTING DEMAND BY PRODUCT & REGION (million dollars)
      • Light-Emitting Diode (LED)
        • Table WORLD LIGHT-EMITTING DIODE LIGHTING DEMAND BY REGION (million dollars)
    • Demand by Market
      • Table WORLD LIGHTING DEMAND BY MARKET (million dollars)
      • Buildings
        • Table WORLD BUILDING LIGHTING DEMAND BY APPLICATION & REGION (million dollars)
      • Outdoor
        • Table WORLD OUTDOOR LIGHTING DEMAND BY REGION (million dollars)
      • Motor Vehicles
        • Table WORLD MOTOR VEHICLE LIGHTING DEMAND BY APPLICATION & REGION (million dollars)
      • Other Manufactured Goods
        • Table WORLD OTHER MANUFACTURED GOODS LIGHTING DEMAND BY REGION (million dollars)
  • NORTH AMERICA
    • North America: General
    • North America: Lighting Supply & Demand
      • Table NORTH AMERICA: LIGHTING SUPPLY & DEMAND
    • North America: Lighting Demand by Product & Market
      • Table NORTH AMERICA: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • United States
      • Table UNITED STATES: LIGHTING SUPPLY & DEMAND
      • Table UNITED STATES: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • Canada
      • Table CANADA: LIGHTING SUPPLY & DEMAND
      • Table CANADA: LIGHTING DEMAND BY PRODUCT & MARKET (million US dollars)
    • Mexico
      • Table MEXICO: LIGHTING SUPPLY & DEMAND
      • Table MEXICO: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
  • WESTERN EUROPE
    • Western Europe: General
    • Western Europe: Lighting Supply & Demand
      • Table WESTERN EUROPE: LIGHTING SUPPLY & DEMAND
    • Western Europe: Lighting Demand by Product & Market
      • Table WESTERN EUROPE: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • France
      • Table FRANCE: LIGHTING SUPPLY & DEMAND
      • Table FRANCE: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • Germany
      • Table GERMANY: LIGHTING SUPPLY & DEMAND
      • Table GERMANY: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • Italy
      • Table ITALY: LIGHTING SUPPLY & DEMAND
      • Table ITALY: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • Spain
      • Table SPAIN: LIGHTING SUPPLY & DEMAND
      • Table SPAIN: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • United Kingdom
      • Table UNITED KINGDOM: LIGHTING SUPPLY & DEMAND
      • Table UNITED KINGDOM: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • Other Western Europe
      • Table OTHER WESTERN EUROPE: LIGHTING SUPPLY & DEMAND
      • Table OTHER WESTERN EUROPE: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
      • Table OTHER WESTERN EUROPE: LIGHTING DEMAND BY COUNTRY (million dollars)
  • ASIA/PACIFIC
    • Asia/Pacific: General
    • Asia/Pacific: Lighting Supply & Demand
      • Table ASIA/PACIFIC: LIGHTING SUPPLY & DEMAND
    • Asia/Pacific: Lighting Demand by Product & Market
      • Table ASIA/PACIFIC: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • Australia
      • Table AUSTRALIA: LIGHTING SUPPLY & DEMAND
      • Table AUSTRALIA: LIGHTING DEMAND BY PRODUCT & MARKET (million US dollars)
    • China
      • Table CHINA: LIGHTING SUPPLY & DEMAND
      • Table CHINA: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • India
      • Table INDIA: LIGHTING SUPPLY & DEMAND
      • Table INDIA: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • Indonesia
      • Table INDONESIA: LIGHTING SUPPLY & DEMAND
      • Table INDONESIA: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • Japan
      • Table JAPAN: LIGHTING SUPPLY & DEMAND
      • Table JAPAN: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • South Korea
      • Table SOUTH KOREA: LIGHTING SUPPLY & DEMAND
      • Table SOUTH KOREA: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • Other Asia/Pacific
      • Table OTHER ASIA/PACIFIC: LIGHTING SUPPLY & DEMAND
      • Table OTHER ASIA/PACIFIC: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
      • Table OTHER ASIA/PACIFIC: LIGHTING DEMAND BY COUNTRY (million dollars)
  • OTHER REGIONS
    • Central & South America
      • Central & South America: Lighting Supply & Demand
        • Table CENTRAL & SOUTH AMERICA: LIGHTING SUPPLY & DEMAND
      • Central & South America: Lighting Demand by Product & Market
        • Table CENTRAL & SOUTH AMERICA: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
      • Brazil
        • Table BRAZIL: LIGHTING SUPPLY & DEMAND
        • Table BRAZIL: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
      • Other Central & South America
        • Table OTHER CENTRAL & SOUTH AMERICA: LIGHTING SUPPLY & DEMAND
        • Table OTHER CENTRAL & SOUTH AMERICA: LIGHTING DEMAND BY PRODUCT, MARKET, & COUNTRY (million dollars)
    • Eastern Europe
      • Eastern Europe: Lighting Supply & Demand
        • Table EASTERN EUROPE: LIGHTING SUPPLY & DEMAND
      • Eastern Europe: Lighting Demand by Product & Market
        • Table EASTERN EUROPE: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
      • Czech Republic
        • Table CZECH REPUBLIC: LIGHTING SUPPLY & DEMAND
        • Table CZECH REPUBLIC: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
      • Poland
        • Table POLAND: LIGHTING SUPPLY & DEMAND
        • Table POLAND: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
      • Russia
        • Table RUSSIA: LIGHTING SUPPLY & DEMAND
        • Table RUSSIA: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
      • Other Eastern Europe
        • Table OTHER EASTERN EUROPE: LIGHTING SUPPLY & DEMAND
        • Table OTHER EASTERN EUROPE: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
    • Africa/Mideast
      • Africa/Mideast: Lighting Supply & Demand
        • Table AFRICA/MIDEAST: LIGHTING SUPPLY & DEMAND
      • Africa/Mideast: Lighting Demand by Product & Market
        • Table AFRICA/MIDEAST: LIGHTING DEMAND BY PRODUCT & MARKET (million dollars)
      • Africa/Mideast: Lighting Demand by Country
        • Table AFRICA/MIDEAST: LIGHTING DEMAND BY COUNTRY (million dollars)
  • INDUSTRY STRUCTURE
    • General
    • Industry Composition
      • Table WORLD LIGHTING SALES BY COMPANY, 2011 (million dollars)
    • Market Share
    • Competitive Strategies
    • Product Development & Manufacturing
    • Marketing
    • Distribution
      • Consumer
      • Nonresidential
      • OEM
    • Mergers & Acquisitions
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Cooperative Agreements
      • Table SELECTED COOPERATIVE AGREEMENTS
    • Company Profiles
      • Bajaj Electricals Limited
      • China Electric Manufacturing Corporation
      • Chiyoda Lighting Group
      • Cnlight Company Limited
      • Cree Incorporated
      • Epistar Corporation
      • Excelitas Technologies Corporation
      • Foshan Electrical and Lighting Company Limited
      • General Electric Company
      • Grupo Antolin-Irausa SA
      • GUP RP Lisma
      • Halonix Limited
      • Havells India Limited
      • Ichikoh Industries Limited
      • Iwasaki Electric Company Limited
      • Koito Group
      • Kumho Electric Incorporated
      • LG Electronics Incorporated
      • Lights of America Incorporated
      • Neo-Neon Holdings Limited
      • Nichia Corporation
      • NTL Electronics India Limited
      • NVC Lighting Technology Corporation
      • Opple Lighting Company Limited
      • Panasonic Corporation
      • Royal Philips Electronics NV
      • Samsung Electronics Company Limited
      • Seoul Semiconductor Company Limited
      • Shanghai Feilo Acoustics Company Limited
      • Siemens AG
      • Stanley Electric Company Limited
      • Surya Roshni Limited
      • TCP International Holdings Limited
      • Toshiba Corporation
      • Toyoda Gosei Company Limited
      • Ushio Incorporated
      • Zhejiang Yankon Group Company Limited
      • Zumtobel AG
    • Other Companies Mentioned in Study

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