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World LED Lighting Markets (2015 Update)

World LED Lighting Markets (2015 Update)

The global LED lighting market was worth $􂀀 million in 2014, having grown by 􂀀% compared with 2013. It was the second consecutive boom year, confirming the breakthrough in the key regions of Europe, North America, and China.

The main drivers for LED lighting came largely on the back of government decisions, such as bans of inefficient lighting by the European Union, the United States, and Canada, and the Chinese government’s decision to adopt LED ahead of its planned ban. It was further supported by initiatives such as the rebates offered by utilities in the United States.

Government initiatives, however, will play a decreasing role over the forecast period. 2014 brought LED lighting mainstream—awareness is very high, and LED products are available widely and at different price levels.

Pricing is key to further adoption, especially in applications less prone to total cost of ownership (TCO) calculations.

In 2014, the largest applications for LED were residential, outdoor, architectural, and retail. Except for architectural, which pioneered LED lighting, the applications have been the winners of the 2013–14 boom.

The fastest-growing applications in the 2014– period are expected to be industrial, office, and hospitality. Industrial in particular will grow from a low base, while adoption in the large office space will increase outside of the headquarters/representative buildings that were more of the architectural adopters.

About this report

By late 2014, LED lighting was closing in on 40% penetration of the global lighting market. It was the second consecutive boom year, confirming the breakthrough in the key regions of Europe, North America, and China. Driven by enhanced controllability and energy efficiency, the revolution will continue and momentum will build throughout 2015. This transformational change brings massive opportunities across value chains, but also presents huge strategic challenges to incumbent participants in terms of pace of technology change and business model. The growth will continue to 2020 and beyond, bringing a future that is totally different than the familiar traditional lighting markets.


  • Executive Summary
    • Key Findings
    • Market Engineering Measurements
    • Executive Summary—CEO's Perspective
    • 3 Big Predictions
    • Associated Multimedia and Related Research
  • Market Overview
    • Market Definitions
    • Key Questions This Study Will Answer
    • Market Overview—Segmentation by Application
    • Market Overview—Segmentation by Region
    • Market Overview—Distribution Channels
    • LED Industry Value Chain
    • Technology Roadmap
    • Technology Roadmap—Research Focus Areas for Technology Advancement
  • Drivers and Restraints—Total LED Lighting Market
    • Market Drivers
    • Drivers Explained
    • Market Restraints
    • Restraints Explained
  • Forecasts and Trends—Total LED Lighting Market
    • Market Engineering Measurements
      • Table Total LED Lighting Market: Market Engineering Measurements, Global, 2014
    • Total LED Lighting Market—Revenue Forecast
      • Table Total LED Lighting Market: Revenue Forecast, Global, 2012-2019
    • Revenue Forecast Discussion
    • Pricing Trends and Forecast
      • Table Total LED Lighting Market: Average Price for LED Lightsource, Global, 2012–2019
    • Percent Revenue Forecast by Region
      • Table Total LED Lighting Market: Percent Revenue Forecast by Region, Global, 2012–2019
    • Revenue Forecast by Region
      • Table Total LED Lighting Market: Revenue Forecast by Region, Global, 2012–2019
    • Global Hot Spots
    • Percent Revenue Forecast by Application
      • Table Total LED Lighting Market: Percent Revenue Forecast by Application, Global, 2012–2019
    • Revenue Forecast by Application
      • Table Total LED Lighting Market: Revenue Forecast by Application, Global, 2012-2019
    • Revenue Forecast by Application Discussion
    • Total LED Lighting Market—Percent Revenue Forecast by Distribution Channel
      • Table Total LED Lighting Market: Revenue Forecast by Distribution Channel, Global, 2012-2019
    • Revenue Forecast by Distribution Channel Discussion
  • Competitive Analysis—Total LED Lighting Market
    • Competitive Landscape
      • Table Total LED Lighting Market: Company Competitive Landscape of Top 2 Participants, Global, 2014
    • Competitive Environment
    • Top Competitors
    • Competitive Factors and Assessment
  • LED Lighting Industry—A Macro to Micro Analysis
    • Macro to Micro Approach
    • Connectivity and Convergence Impact on LED Lighting Stakeholders—Analysis of Unmet Needs
    • Macro to Micro Implications of Mega Trends on LED Lighting
  • North America Breakdown
    • Key Findings
    • Revenue Forecast
      • Table LED Lighting Market: Revenue Forecast, North America, 2012–2019
    • Revenue Forecast Discussion
    • Revenue Forecast by Application
      • Table LED Lighting Market: Revenue Forecast by Application, North America, 2012–2019
    • Revenue Forecast by Application Discussion
    • Competitive Landscape
      • Table LED Lighting Market: Competitive Landscape of Top 3 Participants, North America, 2014
    • Competitive Environment
    • Competitive Factors and Assessment
  • Europe Breakdown
    • Key Findings
    • Revenue Forecast
      • Table LED Lighting Market: Revenue Forecast, Europe, 2012–2019
    • Revenue Forecast Discussion
    • Revenue Forecast by Application
      • Table LED Lighting Market: Revenue Forecast by Application, Europe, 2012–2019
    • Revenue Forecast by Application Discussion
    • Competitive Landscape
      • Table LED Lighting Market: Competitive Landscape of Top 3 Participants, Europe, 2014
    • Competitive Environment
    • Competitive Factors and Assessment
  • Asia-Pacific Breakdown
    • Key Findings
    • Revenue Forecast
      • Table LED Lighting Market: Revenue Forecast, Asia-Pacific, 2012-2019
    • Revenue Forecast Discussion
    • Revenue Forecast by Application
      • Table LED Lighting Market: Revenue Forecast by Application, Asia-Pacific, 2012–2019
    • Revenue Forecast by Application Discussion
    • Competitive Landscape
      • Table LED Lighting Market: Competitive Landscape of Top 5 Participants, Asia-Pacific, 2014
    • Competitive Environment
    • Competitive Factors and Assessment
  • Middle East and Africa Breakdown
    • Key Findings
    • Revenue Forecast
      • Table LED Lighting Market: Revenue Forecast, Middle East and Africa, 2012–2019
    • Revenue Forecast Discussion
    • Revenue Forecast by Application
      • Table LED Lighting Market: Revenue Forecast by Application, Middle East and Africa, 2012–2019
    • Revenue Forecast by Application Discussion
    • Competitive Environment
    • Competitive Factors and Assessment
  • Latin America Breakdown
    • Key Findings
    • Revenue Forecast
      • Table LED Lighting Market: Revenue Forecast, Latin America, 2012–2019
    • Revenue Forecast Discussion
    • Revenue Forecast by Application
      • Table LED Lighting Market: Revenue Forecast by Application, Latin America, 2012–2019
    • Revenue Forecast by Application Discussion
    • Competitive Environment
    • Competitive Factors and Assessment
  • The Last Word
    • The Last Word—3 Big Predictions
  • Appendix
    • Market Engineering Methodology
    • Technical Definitions
    • Additional Sources of Information on Lighting
    • Lists of Other Companies

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