Global LED lighting market was valued at approximately USD 20.0 billion in 2014 and is expected to reach approximately USD 42.5 billion by 2020, growing at a CAGR of around 13% between 2015 and 2020.
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Global LED Lighting Market, growing at a CAGR of around 13% between 2015 and 2020.
1. Published By: Zion Research
Global LED Lighting Market Set for
Rapid Growth, To Reach USD 42.5
Billion by 2020
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2. LED Lighting Market
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Zion Research has published a new report titled “LED Lighting Market for Residential,
Architectural and Outdoor Applications: Global Industry Perspective, Comprehensive Analysis
and Forecast, 2014 - 2020” According to the report, the global LED lighting market was
valued at approximately USD 20.0 billion in 2014 and is expected to reach approximately USD
42.5 billion by 2020, growing at a CAGR of around 13% between 2015 and 2020.
LED lights are packaged arrays of light emitting diode, which offers long lasting, economical &
environment friendly lighting. Light emitting diode is semiconductor device that produce light
through a process called "electroluminescence. LED lighting products deliver high electrical
efficacy, high reliability, and longer lifespan. This results into energy savings, lower maintenance
cost and environmental sustainability. Additionally, LED light offers uniform & bright light, high
efficiency and durability. LED lights saves up to 80% energy cost. As compared to traditional
technology LED Lighting technology is more eco-friendly as it doesn’t emits harmful gaseous like
CO2.
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The LED market is primarily driven by increasing demand for cost effective and long lasting LED
lights. Many governments across the world have imposed stringent regulations on production,
import and sale of incandescent light. Moreover, strong demand from countries like China,
Japan, and South Korea is expected to exhibit witness fastest growth of the LED lighting market
over forecast period. Stringent environmental regulations in the regions like Europe and North
America have been remained major market driving force for the LED lighting market. Growing
urbanization, increasing LED production and the rising concerns about cost and emission of CO2
are driving the growth of this market. However, LED light manufacturers are expected to face
major challenges such as high initial investment and low awareness among end users regarding
benefits of LED lights.
Residential, architectural and outdoor lighting are the key application markets of LED lighting
market. Among all the applications, residential lighting segment dominated the global LED
lighting market in 2014. Residential application market accounted for over 40% share of the
global LED market in 2014. Architectural is another important outlet for LED lighting market
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followed by outdoor applications. Architectural was the second largest application market for
LED lighting in 2014 and is expected to exhibit rapid growth owing to the price efficacy and
luminous efficiency of white light.
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The global LED market dominated by Europe and it accounted for over 30% share of the total
demand in 2014. Strong demand for LED lights in countries such as, Germany, France and UK is
expected to trigger the growth of this industry in the region. Furthermore, Asia pacific expected
to be major contributor in growth of the LED lighting market due to government initiatives and
rapid urbanization in the region. China, Japan, South Korea and India will be major growth
markets for LED lights in the region.
Global LED lighting market is highly competitive. Some of the key players dominating the global
market include Philips Electronics N.V., Osram Opto, Cree Incorporation, Zumtobel AG, Toshiba
Corporation, Digital Lumens, Inc., Cooper Industries Plc and GE lightings.
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This report segments the global market as follows:
LED Lighting Market: Application Segment Analysis
Industrial
Architecture
Outdoor
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Chapter 1. Introduction
o 1.1. Report description and scope
o 1.2. Research scope
o 1.3. Research methodology
1.3.1. Market research process
1.3.2. Market research methodology
Chapter 2. Executive Summary
o 2.1. Global LED lighting market, 2014 - 2020 (USD Million)
o 2.2. Global LED lighting market: Snapshot
Chapter 3. LED Lighting – Market Dynamics
o 3.1. Introduction
o 3.2. Value chain analysis
o 3.3. Market drivers
3.3.1. Drivers for global LED lighting market: Impact analysis
3.3.2. Power efficiency and durability of LED lights
3.3.3. Decreasing use of incandescent lamps
o 3.4. Market restraints
3.4.1. Restraints for global LED lighting market: Impact analysis
3.4.2. High production cost
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o 3.5. Opportunities
3.5.1. Research and development
3.5.2. Strategic initiatives
o 3.6. Porter’s five forces analysis
3.6.1. Bargaining power of suppliers
3.6.2. Bargaining power of buyers
3.6.3. Threat from new entrants
3.6.4. Threat from new substitutes
3.6.5. Degree of competition
o 3.7. Market attractiveness analysis
3.7.1. Market attractiveness analysis, by application segment
3.7.2. Market attractiveness analysis, by regional segment
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Chapter 4. Global LED lighting Market – Competitive Landscape
o 4.1. Global LED lighting: Company market share, 2014
o 4.2. Global LED lighting market: Production capacity (subject to data availability)
o 4.3. Global LED lighting: Raw material analysis
o 4.4. Global LED lighting: Price trend analysis
Chapter 5. Global LED lighting Market – Application Segment Analysis
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o 5.1. Global LED lighting market: Application overview
5.1.1. Global LED lighting market revenue share, by application, 2014 and
2020
o 5.2. Residential
5.2.1. Residential lighting market, 2014-2020 (USD million)
o 5.3. Architectural
5.3.1. Architectural lighting market, 2014-2020 (USD million)
o 5.4. Outdoor
5.4.1. Outdoor lighting market, 2014-2020 (USD million)
Chapter 6. Global LED lighting Market – Regional Segment Analysis
o 6.1. Global LED lighting market: Regional overview
6.1.1. Global LED lighting market revenue share, by region, 2014 and
2020
o 6.2. North America
6.2.1. North America LED lighting market revenue, by application, 2014 –
2020 (USD Million)
6.2.2. U.S.
6.2.2.1. U.S. LED lighting market revenue, by application, 2014 –
2020 (USD Million)
o 6.3. Europe
6.3.1. Europe LED lighting market revenue, by application, 2014 – 2020
(USD Million)
6.3.2. Germany
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6.3.2.1. Germany LED lighting market revenue, by application,
2014 – 2020, (USD Million)
6.3.3. France
6.3.3.1. France LED lighting market revenue, by application, 2014 –
2020, (USD Million)
6.3.4. UK
6.3.4.1. UK LED lighting market revenue, by application, 2014 –
2020 (USD Million)
o 6.4. Asia Pacific
6.4.1. Asia Pacific LED lighting market revenue, by application, 2014 –
2020, (USD Million)
6.4.2. China
6.4.2.1. China LED lighting market revenue, by application, 2014 –
2020 (USD Million)
6.4.3. Japan
6.4.3.1. Japan LED lighting market revenue, by application, 2014 –
2020 (USD Million)
6.4.4. India
6.4.4.1. India LED lighting market revenue, by application, 2014 –
2020 (USD Million)
o 6.5. Latin America
6.5.1. Latin America LED lighting market revenue, by application, 2014 –
2020 (USD Million)
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6.5.2. Brazil
6.5.2.1. Brazil LED lighting market revenue, by application, 2014 –
2020 (USD Million)
o 6.6. Middle East and Africa
6.6.1. Middle East and Africa LED lighting market revenue, by application,
2014 – 2020 (USD Million)
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Chapter 7. Company Profile
o 7.1. Digital Lumens, Inc
7.1.1. Overview
7.1.2. Financials
7.1.3. Product portfolio
7.1.4. Business strategy
7.1.5. Recent developments
o 7.2. Osram Licht AG
7.2.1. Overview
7.2.2. Financials
7.2.3. Product portfolio
7.2.4. Business strategy
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7.2.5. Recent developments
o 7.3. Philips Electronics N.V.
7.3.1. Overview
7.3.2. Financials
7.3.3. Product portfolio
7.3.4. Business strategy
7.3.5. Recent developments
o 7.4. Cree, Inc.
7.4.1. Overview
7.4.2. Financials
7.4.3. Product portfolio
7.4.4. Business strategy
7.4.5. Recent developments
o 7.5. Dialight plc
7.5.1. Overview
7.5.2. Financials
7.5.3. Product portfolio
7.5.4. Business strategy
7.5.5. Recent developments
o 7.6. Cooper Industries plc
7.6.1. Overview
7.6.2. Financials
7.6.3. Product portfolio
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7.6.4. Business strategy
7.6.5. Recent developments
o 7.7. GE Lighting Solutions
7.7.1. Overview
7.7.2. Financials
7.7.3. Product portfolio
7.7.4. Business strategy
7.7.5. Recent developments
o 7.8. Toshiba Corporation
7.8.1. Overview
7.8.2. Financials
7.8.3. Product portfolio
7.8.4. Business strategy
7.8.5. Recent developments
o 7.9. Zumtobel AG
7.9.1. Overview
7.9.2. Financials
7.9.3. Product portfolio
7.9.4. Business strategy
7.9.5. Recent developments
o 7.10. GE lightings
7.10.1. Overview
7.10.2. Financials
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7.10.3. Product portfolio
7.10.4. Business strategy
7.10.5. Recent developments
o 7.11. Philips Electronics N.V.
7.11.1. Overview
7.11.2. Financials
7.11.3. Product portfolio
7.11.4. Business strategy
7.11.5. Recent developments
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