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Global Lighting Market in the Hospitality Sector 2016-2020

Global Lighting Market in the Hospitality Sector 2016-2020

About Lighting

The lighting is defined by the type of light source technologies such as incandescent, halogen, CFL, LFL, HID, LED, and OLED. The report examines only four major technologies that are predominantly used in the hospitality sector, which include CFL, LFL, HID, and LED. With the history of different lighting sources such as incandescent lighting, fluorescent lighting, LED lighting, and tungsten photonic lighting, LED lighting is the latest transition, which the industry has adopted. LED lighting devices provide several advantages such as high-intensity brightness, low voltage and current requirements, low radiated heat, high reliability, negligible ultra-violet (UV) rays, and a longer lifespan over the conventional lighting sources.

Technavio’s analysts forecast the global lighting market in hospitality sector to grow at a CAGR of 7.13% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global lighting market in hospitality sector for 2016-2020. To calculate the market size, the report considers the unit shipment of light sources including LFL, CFL, HID, and LED lamps and luminaires.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Lighting Market in Hospitality Sector 2016-2020, 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
  • Cree
  • General Electric
  • OSRAM
  • Philips Lighting Holding
Market driver
  • Rise in power prices
  • For a full, detailed list, view our report
Market challenge
  • Higher import duties
  • For a full, detailed list, view our report
Market trend
  • Declining manufacturing cost of LED
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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 Lighting Market in Hospitality Sector 2016-2020

Technavio recognizes the following companies as the key players in the global lighting market in hospitality sector: Cree, General Electric, OSRAM, and Philips Lighting Holding.

Commenting on the report, an analyst from Technavio’s team said: “Rapid urbanization will be a key trend for market growth. Rapid urbanization worldwide, especially in emerging economies, is leading to the increased demand for lighting devices in the hospitality sector. Rapid urbanization will result in growing number of households worldwide, which are encouraging investors from the hospitality sector in building world class hotels and restaurants. This will accelerate the demand for new lamps and luminaires in the sector. This will accelerate the unit shipment of LED lightings.”

According to the report, incentive programs on installation of energy-efficient lighting sources will be a key driver for market growth. The hospitality sector is making the transition toward energy-efficient LED lighting sources to reduce carbon footprint and utility cost. Increasing energy operating cost is the bane of most hotels’ existence. This cost is mostly associated with lighting in the hospitality sector. The interior of the Boise Wyndham hotel with 51,000-ft² area consumes 286,025 kWh of energy. The high energy cost compelled the hotel authorities to make the transition to energy-efficient ED lighting. After the LED retrofit. the hotel authorities witnessed that the energy consumption dropped to 71,456 kWh.

Further, the report states that higher import duties will be a challenge for the market. High import duties on lighting fixtures including LED products and components are hindering the growth of the global lighting market in the hospitality sector. The import duty rate for importing lighting fixtures into Brazil is 18%. This duty is accompanied by some other duties and taxes such as the airport fee, storage fee, handling fee, and declaration fee. This import duty rate is high as compared to the other BRIC nations and thus, impacts the final price of lighting product for the end-consumers in Brazil, as the main vendors are international players and import product from other countries.

Companies Mentioned

Cree, General Electric, OSRAM, Philips Lighting Holding.

  • Executive summary
    • Highlights
  • Scope of the report
    • Base year
    • Market coverage
    • Market size calculation
      • Table Market size calculation model
    • Definition of general lighting applications
      • Table Definition of general lighting application segments
    • Other definitions
    • Geographical segmentation
      • Table Key regions covered in report
    • Vendor segmentation
      • Table Key vendors
    • Common currency conversion rates
      • Table Common currency conversion rates 2013-2015
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Technology landscape
    • Table Evolution of energy-efficient lighting technologies
    • Comparison between LEDs, incandescent bulbs, and CFLs
      • Table Light output of LEDs, incandescent bulbs, and CFLs
      • Table Efficiency and cost of LEDs, incandescent bulbs, and CFLs
  • Market landscape
    • Market overview
  • Market size and forecast
    • Table Global lighting market in hospitality sector 2015-2020
    • Table Global lighting market in hospitality sector 2015-2020 (billions of units)
    • Table Global lighting market in hospitality sector 2015-2020 ($ billions)
    • Table ASP of individual light sources 2015-2020 ($)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by lighting technology
    • Table Market segmentation by lighting technology (lamp) 2015-2020 (unit shipment)
    • Table Market segmentation by lighting technology (lamp) 2015-2020 (revenue)
    • Table Market segmentation by lighting technology (luminaire) 2015-2020 (unit shipment)
    • Table Market segmentation by lighting technology (luminaire) 2015-2020 (revenue)
  • Market segmentation by product type
    • Table Percentage share of lamps and luminaires in global lighting market in hospitality sector in terms of unit shipment 2015-2020
    • Table Percentage share of lamps and luminaires in global lighting market in hospitality sector in terms of revenue 2015-2020
  • Geographical segmentation
    • Table Global lighting market in hospitality sector by geographical segmentation 2015
    • Table Global lighting market in hospitality sector by geography 2015-2020 ($ billions)
    • APAC
      • Table Lighting market in hospitality sector in APAC 2015-2020 ($ billions)
    • Americas
      • Table Monthly statistics of number of hotels and rooms under construction in US 2015
      • Table Lighting market in hospitality sector in Americas 2015-2020 ($ billions)
    • EMEA
      • Table Hotels under construction by region 2015
      • Table Lighting market in the hospitality sector in EMEA 2015-2020 ($ billions)
  • Market drivers
    • Incentive programs on installation of energy-efficient lighting sources
      • 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
    • Increased focus on reduction of carbon footprint
      • Table Amount of CO produced for generating 1KWh of electricity by different sources
    • Rise in power prices
      • Table Electricity tariff in selected countries 2015 (KW/hour)
      • Table Comparison of incandescent versus CFL versus LED
    • Introduction of several energy-efficient certification programs
    • Minamata Convention on Mercury
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Absence of global LED standardization
    • Higher import duties
      • Table Comparison of BRIC nation import duties
    • High average cost per LED fixture
      • Table Price comparison of connected bulbs from different manufacturers
      • Table LED fixture installation cost
    • Limited thermal tolerance of LEDs
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Declining manufacturing cost of LED
      • Table Manufacturing cost of LED 2012-2020 ($/Klm)
    • Ban on use of energy-inefficient lighting sources and components
      • Table Requirements set by US DOE for fluorescent lamp ballast
    • Demand for intelligent lighting systems
    • Rapid urbanization
      • Table Degree of urbanization by continent 2015
  • Vendor landscape
    • Competitive scenario
      • Table Competitive scenario in 2015 and 2020
  • Appendix
    • List of abbreviations
  • Explore Technavio

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