LED Downlight Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
The global LED downlight market reached a value of US$ 17.3 Billion in 2018. LED downlights refer to recessed light fixtures which are installed into a hollow opening in a ceiling. These lights are extensively used across residential and commercial spaces. They are extremely energy-efficient and eco-friendly lighting solutions which emit light in the downward direction with a narrow beam. These lights have a relatively longer lifespan with minimum heat radiation. Initially intended for directional lighting, the newer product variations find extensive applications in malls, offices, hallways, kitchens, bathrooms and showrooms. Dimmer switches can be also added to these downlights to control the level of light output. They are available in a wide range of sizes and lumen packages and are a viable alternative to compact fluorescent and incandescent lamps.
Since LED downlights are capable of withstanding rough conditions like external shocks and vibrations, exposure to extreme weather conditions, and traffic-related public exposure, they are an extremely preferred choice for outdoor lighting systems. In addition, the sales of these lights are also proliferating since they consume a negligible amount of electricity and emit lesser amount of ultraviolet (UV) rays and heat. Apart from this, on account of the rising prices of electricity in several developing economies, the governments are taking initiatives to encourage the widespread incorporation of LED lights across various sectors. Furthermore, aggressive marketing initiatives by manufacturers and vendors through various advertising media is also providing impetus to the market growth. According to IMARC Group, the market is anticipated to exceed US$ 29 Billion by 2024, expanding at a CAGR of 8.4% during 2019-2024.
Breakup by Application:
Retrofit
Retail & Hospitality
Outdoor
Offices
Architectural
Residential
Industrial
Retrofit represents the largest application segment of the LED lighting market. This can be attributed to the increasing preference of the masses toward retrofitting of existing lighting fixtures with LED lights.
Regional Insights:
India
China
Europe
The United States
Japan
Brazil
Russia
Others
China holds the leading position in the LED lighting market. The Government of China has taken severe steps to develop and implement energy-saving and eco-friendly lighting technologies which has bolstered the market growth in this region.
Competitive Landscape:
The competitive landscape of the market has also been analyzed in the report with the detailed profiles of the key players operating in the market.
Key Questions Answered in This Report:
How has the LED lighting market performed so far, and how will it perform in the coming years?
How has the global LED downlight market performed so far and how will it perform in the coming years?
What are the key regional markets in the global LED lighting industry?
Which are the key application areas in the global LED lighting industry?
What are the key product types in the global LED lighting industry?
What are the various stages in the value chain of the LED lighting industry?
What are the key driving factors and challenges in the LED lighting industry?
What is the structure of the LED lighting industry, and who are the key players?
What is the degree of competition in the LED lighting industry?
What are the profit margins in the LED lighting industry?
What are the key requirements for setting up a LED downlight manufacturing plant?
How is LED downlight manufactured?
What are the various unit operations involved in a LED downlight manufacturing plant?
What is the total size of land required for setting up a LED downlight manufacturing plant?
What are the machinery requirements for setting up a LED downlight manufacturing plant?
What are the raw material requirements for setting up a LED downlight manufacturing plant?
What are the packaging requirements for LED downlight?
What are the transportation requirements for LED downlight?
What are the utility requirements for setting up a LED downlight plant?
What are the manpower requirements for setting up a LED downlight plant?
What are the capital costs for setting up a LED downlight plant?
What will be the income and expenditures for a LED downlight plant?
What is the time required to break-even?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global LED Lighting Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 LED Downlight Market
- 5.4 Market Breakup by Region
- 5.5 Market Breakup by Application
- 5.6 Market by LED Products: LED Lamps, Modules and Fixtures
- 5.6.1 Current and Historical Market Trends
- 5.6.2 Market Forecast
- 5.7 Market Forecast
- 5.8 SWOT Analysis
- 5.8.1 Overview
- 5.8.2 Strengths
- 5.8.3 Weaknesses
- 5.8.4 Opportunities
- 5.8.5 Threats
- 5.9 Value Chain Analysis
- 5.9.1 Primary Raw Materials Suppliers
- 5.9.2 LED Chip Manufacturers
- 5.9.3 LED Package and Module Manufacturers
- 5.9.4 Lighting Products, Electronic Products and Automotive Part Manufacturers
- 5.9.5 Product Distribution
- 5.9.6 End Users
- 5.10 Porter’s Five Forces Analysis
- 5.10.1 Overview
- 5.10.2 Bargaining Power of Buyers
- 5.10.3 Bargaining Power of Suppliers
- 5.10.4 Degree of Competition
- 5.10.5 Threat of New Entrants
- 5.10.6 Threat of Substitutes
- 5.11 Key Success and Risk Factors for LED Downlight Manufacturers
- 5.12 Comparative Analysis of CFL and LED
- 5.13 Price Analysis
- 5.13.1 Key Price Indicators
- 5.13.2 Price Structure
- 6 Performance of Key Regions
- 6.1 India
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 China
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Europe
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 United States
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Japan
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Brazil
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Russia
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Others
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
- 7 Market by Application
- 7.1 Retrofit
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Retail & Hospitality
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Outdoor
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Offices
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Architectural
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Residential
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Industrial
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 8 Competitive Landscape
- 8.1 Market Structure
- 8.2 Market Breakup by Key Players
- 9 LED Downlight Manufacturing Process
- 9.1 Product Overview and Specifications
- 9.2 Key Features and Advantages
- 9.3 Key Application Areas
- 9.3.1 Offices and Conference Rooms
- 9.3.2 Residential Blocks
- 9.3.3 Showrooms and Malls
- 9.3.4 Hospitals and Laboratories
- 9.3.5 Hotels and Restaurants
- 9.4 Popular Shapes and Sizes
- 9.4.1 LED Downlight Ring Series
- 9.4.2 LED Downlight Slim Series (Square)
- 9.4.3 LED Downlight Slim Series (Round)
- 9.4.4 LED Downlight Flat Series (Square)
- 9.4.5 LED Downlight Surface Series (Round)
- 9.4.6 LED Downlight Adjustable (COB)
- 9.4.7 LED Downlight Step (COB)
- 9.5 Design Material Alternatives
- 9.5.1 Aluminium Die Cast Frame
- 9.5.2 Aluminium Die Cast Frame Coated/Finished with White Powder
- 9.5.3 Stainless Steel Frame Coated/Finished with White Powder
- 9.5.4 Plastic Sheet Frame Coated/Finished with White Powder
- 9.5.5 Metallized or White Reflector
- 9.5.6 Clear or Matted Lens
- 9.6 Manufacturing Process
- 9.7 Raw Material Requirements
- 9.8 Raw Material Pictures
- 10 Project Details, Requirements and Costs Involved
- 10.1 Land Requirements and Expenditures
- 10.2 Construction Requirements and Expenditures
- 10.3 Plant Machinery
- 10.4 Machinery Pictures
- 10.5 Raw Material Requirements and Expenditures
- 10.6 Raw Material and Final Product Pictures
- 10.7 Packaging Requirements and Expenditures
- 10.8 Transportation Requirements and Expenditures
- 10.9 Utility Requirements and Expenditures
- 10.10 Manpower Requirements and Expenditures
- 10.11 Other Capital Investments
- 11 Loans and Financial Assistance
- 12 Project Economics
- 12.1 Capital Cost of the Project
- 12.2 Techno-Economic Parameters
- 12.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 12.4 Taxation and Depreciation
- 12.5 Income Projections
- 12.6 Expenditure Projections
- 12.7 Financial Analysis
- 12.8 Profit Analysis
- 13 Key Player Profiles
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