Energy Efficient Lighting Market - Positive Long-Term Growth Outlook 2024

This research study analyzes the market for energy efficient lighting in terms of revenue (US$ Bn). The energy efficient lighting market has been segmented on the basis of lighting sources and geography. The geographical segmentation includes regions which are further divided into 14 countries - major players in the global energy efficient lighting market. The report features a detailed regional segmentation with market growth forecasts for the 2016−2024 period.

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For the research, 2014 has been taken as the base year, 2015 is estimated while all forecasts have been given for the period from 2016 to 2024. Market data for all the segments has been provided at the regional as well as country-specific level from 2016 to 2024. The report provides a broad competitive analysis of companies engaged in the development of energy efficient lighting technologies for the energy efficient lighting business. The report also includes key market dynamics such as drivers, restraints, and opportunities affecting the global energy efficient lighting market.

These market dynamics are analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the structure and profitability of the global energy efficient lighting market. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.

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The high-level analysis in the report provides detailed insights into the energy efficient lighting business globally. There are currently numerous drivers for the market. The most prominent drivers include favorable government regulations supported by growth in warehouse and storage industry, coupled with efforts to reduce energy consumption in warehouses. The prime reason for such transformation is the phasing out of traditional incandescent lighting technologies by governments across the globe. Energy efficient lighting technologies are evolving rapidly, with the availability of a wide variety of LED, HID, LFL lighting technologies replacing traditional incandescent lamps. Market attractiveness analysis was carried out for the energy efficient lighting market on the basis of geography. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions.

The energy efficient lighting market has been segmented on the basis of source of lighting technology. On the basis of lighting sources, the market has been segmented into high-intensity discharge lamps (HID), linear fluorescent lamps (LFL), light emitting diodes (LED), and others. Linear fluorescent lamps with market revenue of US $ 1.6 Bn hold the highest market share in the energy efficient lighting market during 2014. This is followed by HID & LED. However, LED is expected to become the single largest energy efficient lighting technology by 2024 by occupying the 41.1% of the total energy efficient lighting market share.

In terms of geography, the market has been segmented into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. Asia Pacific was the largest market for energy efficient lighting with market revenue of US$ 1.7 Bn, followed by Europe and North America in 2014. However the market in Latin America is expected to grow at significant rate of 18.8% from 2016-2024. Government policies played a significant role in the development of the energy efficient lighting market. Regional data has been provided for each sub-segment.

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Key players in the energy efficient lighting market are Dialight, LIGMAN Lighting Co., Ltd., Philips Lighting Holding B.V., Digital Lumens, Inc., OSRAM GmbH, Cree, Inc., Eaton, General Electric Company, Toshiba Lighting & Technology Corporation, Zumtobel Group AG, and Bajaj Electricals Ltd. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.

Energy Efficient Lighting Market: By Lighting Source

High-intensity Discharge Lamps (HID)
Linear Fluorescent Lamps (LFL)
Light Emitting Diodes (LED)
Other Lighting Sources
Energy Efficient Lighting Market: By Region

North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Rest of Europe
Asia Pacific
China
Australia
India
Rest of Asia Pacific

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