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Global General Lighting Market 2018-2022

Global General Lighting Market 2018-2022

About General Lighting

The lighting industry includes general lighting, automotive lighting, and backlighting. General lighting is based on fixed light source installations, which deliver a practical or aesthetic lighting effect. CFLs, LFLs, HID lights, and LEDs are some of the major general lighting products.

Technavio’s analysts forecast the global general lighting market to grow at a CAGR of 5.74% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global general lighting market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global General Lighting Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Acuity Brands
  • Cree
  • Eaton
  • GENERAL ELECTRIC
  • Koninklijke Philips
  • OSRAM
  • Panasonic
Market driver
  • Declining manufacturing cost of LEDs
  • For a full, detailed list, view our report
Market challenge
  • High average cost per LED fixture
  • For a full, detailed list, view our report
Market trend
  • Growing number of households and urbanization
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global General Lighting Market 2018-2022

Technavio recognizes the following companies as the key players in the global general lighting market: Acuity Brands, Cree, Eaton, GENERAL ELECTRIC, Koninklijke Philips, OSRAM, and Panasonic.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing number of households and urbanization. The rapid urbanization worldwide, particularly in emerging economies, is leading to the increasing demand for lighting devices from a growing number of households. The residential segment is one of the major contributors to the growing demand for lighting devices. The demand for general lighting (lamps and luminaires) in the residential segment is expected to grow at a CAGR of 6.12%.”

According to the report, one driver in the market is declining manufacturing cost of LEDs. The manufacturing cost of LEDs has declined since 2012 and will continue to decline during the forecast period. This is mainly because of the declining ASP of chips and components used in the manufacturing process of LED devices. The decline in the manufacturing cost of LEDs is leading to a decrease in the initial installation cost of LED lamps and fixtures.

Further, the report states that one challenge in the market is high average cost per LED fixture. Though the total cost of owning LED lamps and fixtures is low compared with traditional incandescent and halogen bulbs, the high initial cost acts as a hindrance. The total cost of installation includes the cost of LED luminaires and labor cost. In addition, consumers who install smart lighting fixtures require a huge amount of money for the Internet of Things (IoT) infrastructure.

Companies Mentioned

Acuity Brands
Cree
Eaton
GENERAL ELECTRIC
Koninklijke Philips
OSRAM
Panasonic

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global lighting market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 ($ bn)
      • Table Global - Year-over-year growth 2018-2022 (%)
      • Table Cost comparison analysis of incandescent bulbs and LEDs
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Application - Market share 2017-2022 (%)
      • Table Definition of general lighting products in application segments
    • Comparison by application
      • Table Comparison by application
    • Residential - Market size and forecast 2017-2022
      • Table Residential - Market size and forecast 2017-2022 ($ bn)
      • Table Residential - Year-over-year growth 2018-2022 (%)
    • Commercial - Market size and forecast 2017-2022
      • Table Commercial - Market size and forecast 2017-2022 ($ bn)
      • Table Commercial - Year-over-year growth 2018-2022 (%)
    • Outdoor - Market size and forecast 2017-2022
      • Table Outdoor - Market size and forecast 2017-2022 ($ bn)
      • Table Outdoor - Year-over-year growth 2018-2022 (%)
    • Industrial - Market size and forecast 2017-2022
      • Table Industrial - Market size and forecast 2017-2022 ($ bn)
      • Table Industrial - Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($ bn)
      • Table Others - Year-over-year growth 2018-2022 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by product
    • Segmentation by product
      • Table Product - Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • LED lighting products - Market size and forecast 2017-2022
      • Table LED lighting products - Market size and forecast 2017-2022 ($ bn)
      • Table LED lighting products - Year-over-year growth 2018-2022 (%)
      • Table Light output of LEDs, incandescent bulbs, and CFLs
      • Table Lifespan of LEDs, incandescent bulbs, and CFLs
      • Table Comparison of features of LEDs, incandescent bulbs, and CFLs
    • Traditional lighting products - Market size and forecast 2017-2022
      • Table Traditional lighting products - Market size and forecast 2017-2022 ($ bn)
      • Table Traditional lighting products - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ bn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
      • Table Top leading and emerging countries in APAC
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ bn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top leading and emerging countries in EMEA
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ bn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
      • Table Top leading and emerging countries in Americas
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Manufacturing cost of LEDs 2012-2022 ($/Klm)
      • Table Japan's 21st Century Lighting Plan
      • Table Rebate per fixture for replacing HID with fluorescent high-bay interior lighting
      • Table Rebate per fixture for replacing HID or fluorescent interior lighting with LED
    • Market challenges
      • Table Price comparison of connected bulbs from different manufacturers
      • Table LED fixture installation cost 2015
      • Table Comparison of import duties in BRIC nations
  • Market trends
    • Growing number of households and urbanization
      • Table Degree of urbanization by continent 2017
    • Growing traction of intelligent lighting systems
    • Emergence of smart cities
    • Growing number of smart homes worldwide
      • Table Smart home penetration rate by geography 2017 and 2022
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Acuity Brands
      • Table Vendor overview
      • Table Acuity Brands - Business segments
      • Table Acuity Brands - Organizational developments
      • Table Acuity Brands - Geographic focus
      • Table Acuity Brands - Segment focus
      • Table Acuity Brands - Key offerings
    • Cree
      • Table Vendor overview
      • Table Cree - Business segments
      • Table Cree - Organizational developments
      • Table Cree - Geographic focus
      • Table Cree - Segment focus
      • Table Cree - Key offerings
    • Eaton
      • Table Vendor overview
      • Table Eaton - Business segments
      • Table Eaton - Organizational developments
      • Table Eaton - Geographic focus
      • Table Eaton - Segment focus
      • Table Eaton - Key offerings
    • GENERAL ELECTRIC
      • Table Vendor overview
      • Table GENERAL ELECTRIC - Business segments
      • Table GENERAL ELECTRIC - Organizational developments
      • Table GENERAL ELECTRIC - Geographic focus
      • Table GENERAL ELECTRIC- Segment focus
      • Table GENERAL ELECTRIC - Key offerings
    • Koninklijke Philips
      • Table Vendor overview
      • Table Koninklijke Philips - Business segments
      • Table Koninklijke Philips - Organizational developments
      • Table Koninklijke Philips - Geographic focus
      • Table Koninklijke Philips - Segment focus
      • Table Koninklijke Philips - Key offerings
    • OSRAM
      • Table Vendor overview
      • Table OSRAM - Business segments
      • Table OSRAM - Organizational developments
      • Table OSRAM - Geographic focus
      • Table OSRAM - Segment focus
      • Table OSRAM - Key offerings
    • Panasonic
      • Table Vendor overview
      • Table Panasonic - Business segments
      • Table Panasonic - Organizational developments
      • Table Panasonic - Geographic focus
      • Table Panasonic - Segment focus
      • Table Panasonic - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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