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Global Industrial Lighting Market 2017-2021

Global Industrial Lighting Market 2017-2021

About Industrial Lighting

The lighting industry includes general lighting, automotive lighting, and backlighting. The general lighting market is the major revenue-generating segment, followed by automotive lighting and backlighting. The general lighting market includes lighting applications for residential, industrial, commercial, outdoor, and architectural purposes. The residential and commercial segments are the major drivers for the general lighting market. General lighting can be either traditional or LED lighting. Traditional lighting is categorized into linear fluorescent lamps (LFLs), compact fluorescent lamps (CFLs), and others which include incandescent bulbs, halogens, and high-intensity discharge (HID) lights. The traditional lighting market will observe a decline in sales due to the rising popularity of LED technology.

Technavio’s analysts forecast the global industrial lighting market to grow at a CAGR of 2.18% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial lighting market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of industrial lighting.

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

  • Americas
  • APAC
  • EMEA
Technavio's report Global Industrial Lighting Market 2017-2021, 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
  • GE Lighting
  • Cree
  • LG Innotek
  • Philips
  • OSRAM
  • Panasonic
  • Schneider Electric
Other prominent vendors
  • Acuity Brands
  • Advanced Lighting Technologies
  • Bridgelux
  • Citizen Electronics
  • Eaton Lighting
  • Dialight
  • Kingsun LED Lighting
  • Energy Focus
  • Everlight Electronics
  • Intematix
  • LEEDARSON LIGHTING
  • Lemnis Lighting
  • Luminus Devices
  • Nichia
  • NVC Lighting Technology
  • Seoul Semiconductor
  • Toyoda Gosei
Market driver
  • Strong government support
  • For a full, detailed list, view our report
Market challenge
  • Absence of global LED standardization
  • For a full, detailed list, view our report
Market trend
  • Advances in lighting technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Lighting Market 2017-2021

Technavio recognizes the following companies as the key players in the global industrial lighting market: GE Lighting, Cree, LG Innotek, Philips, OSRAM, Panasonic, and Schneider Electric

Other Prominent Vendors in the market are: Acuity Brands, Advanced Lighting Technologies, Bridgelux, Citizen Electronics, Eaton Lighting, Dialight, Kingsun LED lighting, Energy Focus, Everlight Electronics, Intematix, LEEDARSON LIGHTING, Lemnis Lighting, Luminus Devices, Nichia, NVC Lighting Technology, Seoul Semiconductor, and Toyoda Gosei

Commenting on the report, an analyst from Technavio’s team said: “The market is seeing rapid advances in lighting technologies. For example, in the residential sector, incandescent, CFL, and halogen lighting technologies dominated the market in terms of revenue contribution in 2015. We expect that LEDs will emerge as the major revenue contributor in the residential sector during the forecast period. The technological transitions in the market are moving toward product enhancements aimed at better efficiency and power-saving capabilities. These technological transitions in the market will also force vendors to be more responsive to the technological needs of the customers.”

According to the report, strong government support is one of the major factors driving the growth in the global industrial lighting market. The Chinese government is looking at reducing power generation from coal plants, expanding the nuclear power generation base, encouraging green technologies in all areas of manufacturing and promoting efficient lighting technologies to reduce power consumption. The government plans to provide subsidies to LED lighting manufacturers to scale up and encourage the production of innovating lighting solutions. All these government efforts are focusing on increasing the adoption of LEDs in the domestic market, which, in turn, will increase the growth prospects of the market during the forecast period.

Further, the report states that a number of countries have passed stringent legislation for the use of energy-efficient technologies. The specifications and standards for LED lighting vary in different countries. As there is no single international standard for LED lighting, it acts as a hurdle for vendors as they need to qualify the standards for the countries where they want to do business. This prevents the vendors from entering the foreign markets. There is also a lack of industry-wide dimming standards for LED lighting. This can adversely affect the adoption rate of LED lighting products.

Companies Mentioned

GE Lighting, Cree, LG Innotek, Philips, OSRAM, Panasonic, Schneider Electric, Acuity Brands, Advanced Lighting Technologies, Bridgelux, Citizen Electronics, Eaton Lighting, Dialight, Kingsun LED lighting, Energy Focus, Everlight Electronics, Intematix, LEEDARSON LIGHTING, Lemnis Lighting, Luminus Devices, Nichia, NVC Lighting Technology, Seoul Semiconductor, Toyoda Gosei.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table End-user applications of lighting system
  • Technology landscape
    • Table Emerging energy-efficient lighting technologies
    • Comparison of LEDs, incandescent bulbs, and CFLs
      • Table Light output of LEDs, incandescent bulbs, and CFLs
      • Table Efficiency and cost of LEDs, incandescent bulbs, and CFLs
    • Cost benefit analysis for LEDs and incandescent bulbs
      • Table Cost comparison of incandescent bulbs and LEDs
  • Market landscape
    • Market overview
      • Table Global general lighting market: Product lifecycle analysis
      • Table Global general lighting market by application 2016-2020 (% share by revenue)
      • Table Global general lighting market by application 2016-2021 ($ billions)
    • Market size and forecast
      • Table Global industrial lighting market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Industrial lighting market by technology
    • Table Global industrial lighting market by technology 2016-2021 (% share)
    • Table Global industrial lighting market by technology 2016-2021 ($ billions)
    • Global industrial lighting market by traditional technology
      • Table Global industrial lighting market by traditional technology 2016-2021 ($ billions)
    • Global industrial lighting market by LED technology
      • Table Global industrial lighting market by LED technology 2016-2021 ($ billions)
      • Table Global LED industrial lighting market segmentation by type 2016
  • Geographical segmentation
    • Table Global industrial lighting market segmentation by geography 2016-2021
    • Table Global industrial lighting market segmentation by geography 2016-2021 ($ billions)
    • Industrial lighting market in APAC
    • Industrial lighting market in EMEA
    • Industrial lighting market in Americas
  • Market drivers
    • Strong government support
      • Table Japan's 21st Century Lighting Plan
    • Rising need for energy-efficient LED bulbs
    • Upcoming major events and infrastructure projects
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Absence of global LED standardization
    • High penetration of traditional lighting sources
    • Higher import duties
      • Table Comparison of BRIC nation import duties
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Advances in lighting technology
    • Emergence of Internet-connected lightbulbs
    • Growing adoption of smart lighting systems
  • Vendor landscape
    • Competitive scenario
    • Key vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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