Product Code: S.52
The Report LEDs and the worldwide market for connected lighting, now at its XII edition, is structured in 9 chapters .
The Report provides in the first chapter estimated data on consumption of total lighting and LED-based lighting for the years 2014-2020 and forecasts for the years 2021-2024 . After an analysis of world trade of lighting fixtures and lamps (second chapter) a quantification in volume of main products and reference prices is provided. Products considered include: downlights, recessed, spotlights, lamps, panels, strips, linear lighting, decorative luminaires, suspensions, wall washers, high bays, steps and bollards, outdoor projectors, pole mounted (third chapter).
An analysis of main destination segments follows (fourth chapter): Residential/Consumer, Hospitality, Retail, Office, Institutional, Healthcare, Art & Museum, Industrial, Hazardous environment, Architectural outdoor lighting, Street and Tunnel lighting.
Estimated stock of LED lighting and connected items is also provided.
Follow an analysis of distribution channels (projects, specialists, lifestyle, DIY, wholesalers, e-commerce) and profitability (EBITDA, ROE, ROA) for 100 players (chapters five and six).
Chapter 7 shows market shares of top 50 players for LED Lighting as a whole, and by segment : Residential and Hospitality, Office/Healthcare/public premises, Retail/Entertainment/Art Venues, Industrial, Residential/Architectural outdoor, Street/Area/Tunnel lighting.
Chapter 8 shows market shares of top 50 players in the LED lighting arena by geographic area : Europe, Russia/Turkey and CIS Countries, North America, Central-South America, China, India, Japan, Asia Pacific, Middle East and Africa
A note on main suppliers of LED packaged and chips, LED drivers and modules is provided as chapter 9.
Research tools: 200 interviews with manufacturers and retailers of lighting fixtures worldwide, trade data, balance-sheets, IP patents, geolocalization, web analysis and 30-years of CSIL experience in the Lighting sector.
The geographical classification of the 70 monitored countries is as follows:
- North America: Canada, Mexico and the United States;
- Central and South America: Argentina, Brazil, Chile, Colombia, Venezuela;
- European Union (27) + United Kingdom, Norway and Switzerland: Austria, Belgium (including Luxembourg), Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom;
- Russia, Serbia, Turkey and CIS Countries: Belarus, Kazakhstan, Russia, Serbia, Turkey, Ukraine;
- Asia Pacific; Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam;
- Middle East and Africa: Algeria, Bahrain, Egypt, Israel, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, South Africa, Tunisia, United Arab Emirates;
Considered segments and products:
- Residential/Consumer lighting fixtures includes indoor products such as floor and table lighting, suspensions, chandeliers, wall lighting, but also spot lights or downlights when used for application in the house. Residential outdoor is aggregated in the "Outdoor" segment and should account not much more than 5% on a total (indoor+outdoor) residential lighting market.
- Commercial/Architectural lighting fixtures includes indoor products for Hospitality (hotels, restaurants.), Offices, Shops ("big box", luxury), museums and other places of entertainment, Institutions and big infrastructures (schools, airports...), including downlights, low and high voltage spotlights and professional projectors, decorative lighting with size or other characteristics designed for markets like hotels, shops, offices, restaurants.
- Industrial lighting fixtures includes indoor products for industrial plants, warehouses, weather resistant and explosion-proof lighting, emergency lighting, marine and healthcare lighting.
- Outdoor lighting fixtures includes garden lighting and architectural lighting for common spaces in residential building (together as "Residential"), architectural lighting for city centres ("city beautification"), street lighting and lighting for major roads (pole mounted), lighting for tunnels and galleries, campus/area lighting (sporting plants, petrol stations, and other "large area" spaces), Christmas and special events lighting.
Highlights:
The worldwide market for lighting , including lighting fixtures and lamps, is estimated by CSIL to be worth USD 103.6 billion in 2020.
Lighting market is lowering in 2020 (-5.8%) to rebound already this year, 2021 , approximately at the same level of 2018 and 2019 (+6.5%). CSIL forecasts a further growth (+5%) for 2022 as well as for 2023 (+3.8%) and 2024 (+3.3%).
Connected luminaires weight today (2021) around 6% on sales (in quantity) and 3% on stock, to reach in 2023 respectively 9% on LED lighting sales and 4.5% on installed LED lighting stock.
Top 50 LED lighting manufacturers hold a worldwide share in excess of 40%.
EBITDA margin (gross earnings on revenue) in the sector is stable around 10%. After the peak of 2010-2014 the number of new IP (intellectual property) patents released on the topic Lighting is slowing down.
Selected Companies
Acuity Brands, Alto Lighting, Amerlux, AW Rostamani, 3F Lighting, Artemide, Bajaj, Beacon Lighting, Beghelli, BioLED, Briloner, CG Crompton, Cree Lighting, Daiko, Debbas, Delta Light, Dialight, Dien Quang, Ecosense, Eglo, Endo, Erco, Everlight, Experience Brands, Fagerhult, Finelite, Flos, Fluence Bioengineering, Focal Point, FSL Lighting, GE Current, Glamox, Hannochs, Home Depot, Hubbell, Huda Lighting, iGuzzini, Ikea, Inesa Feilo, Intense, Intral, Intra Lighting, Iris Oyhama, Iwasaki, Klite, Koizumi, Ledvance, Leedarson, Legrand, Leviton, L&E, Linea Light, LSI, Lumenpulse, Lumens, MLS, Lianovation, Lumicenter, Nationstar, Nikkon, Nouran, NVC, Occhio, Ocean's King, Opple, Orient Electric, Osram Digital Solutions, Otsuka Kagu, Pak Lighting, Panasonic Life Solutions, Platek, Racer, Ragni, RangDong, Regent, RZB, San'An, Schreder, SengLed, Signify, SLV, Syska, Taschibra, Tospo, Trilux, Unilumin, Yankon, Waldmann, Wooree Lighting, Zubair Electric, Zumtobel.
TABLE OF CONTENTS
WORLD MARKET FOR LED AND CONNECTED LIGHTING
Terminology and methodological notes
1. BASIC DATA AND ACTIVITY TREND
- 1.1. Lighting market: basic data
- Table 1.1: Total world. Total lighting market* by country or geographic area, estimates 2020. USD million
- 1.2. Activity trend, 2014-2024
- Table 1.2: Total world. TOTAL LIGHTING FIXTURES market by country or geographic area, 2014-2020 estimated data and 2021-2024 forecasts. USD million
- 1.3. LED lighting evolution, 2014-2024: yearly sales
- Table 1.3: Total world. LED-BASED LIGHTING FIXTURES market by country or geographic area, 2014-2020 estimated data and 2021-2024 forecasts. USD million
- Table 1.4: Total world. LED-BASED LIGHTING FIXTURES market by country or geographic area, 2014-2020 estimated data and 2021-2024 forecasts. % share in value on total lighting
- Table 1.5: Total world. LED-BASED LIGHTING FIXTURES market by country or geographic area, 2014-2020 estimated data and 2021-2024 forecasts. % yearly change
- Figure 1.1: Total world. TOTAL LIGHTING FIXTURES and LED-BASED LIGHTING FIXTURES market, 2014-2020 estimated data and 2021-2024 forecasts. USD billion
- Figure 1.2: Total world. TOTAL LIGHTING FIXTURES and LED-BASED LIGHTING FIXTURES market, 2014-2020 estimated data and 2021-2024 forecasts. % yearly change
- 1.4. LED lighting: estimated stock
- Table 1.6: Total world. Stock of LED luminaires and connected items, 2018-2020 estimated data and 2021-2023 forecasts
- 1.5. Estimated stock of LED connected items
- Table 1.7: Total world. Estimated sales of LED-based lighting and connected items by country or geographic area, 2020
- Table 1.8: Total world. Estimated sales of LED-based lighting and connected items by segment, 2020
- Table 1.9: Total world. Estimated sales of LED-based lighting and connected items for a sample of companies, 2020
- 1.6. Standards and technologies
- 1.7. Intellectual property patents
- Figure 1.3: Total world. Lighting. Number of living Patents for year, 2001-2020
- Table 1.10: Total world. Lighting. Living patents for a sample of lighting payers
- Table 1.11: Total world. Lighting. A sample of patents released during the last two years
2. INTERNATIONAL TRADE
- 2.1. Lighting fixtures
- Table 2.1: Exports of lighting fixtures in 70 countries grouped by geographic areas, 2014-2020. USD million
- Figure 2.1: Six major exporting countries of lighting fixtures. Exports, 2014-2020. US$ million
- Table 2.2: Imports of lighting fixtures in 70 countries grouped by geographic areas, 2014-2020. USD million
- Figure 2.2: Six major importing countries of lighting fixtures. Imports, 2014-2020. US$ million
- Figure 2.3: World trade of lighting fixtures, 2014-2021*. USD billion and % yearly change
- 2.2. Lamps
- Figure 2.4: World trade of lamps. US$ billion and % yearly change
- World trade of total lamps, 2014-2021*. US$ billion and % yearly change
- World trade of LED lamps, 2017-2021*. US$ billion and % yearly change
- Table 2.5: Exports of LED lamps in 70 countries, 2017-2020
- Table 2.6: Imports of LED lamps in 70 countries, 2017-2020
3. MAIN PRODUCTS AND TREND
- Table 3.1: Total world. LED-BASED LIGHTING. Reference prices by main products, 2021. USD
- Table 3.2: Total world. Estimated consumption of LED-based lighting fixtures and LED lamps by products and by price range, 2020. Values, average prices and quantities. USD billion, USD and Thousand units
- Table 3.3: Total world. LED Lamp and Luminaire Price Projections Application Submarket ($/klm)
- Table 3.4: Total world. Architectural and industrial indoor lighting. Estimated sales breakdovn by product for a sample of LED lighting manufacturers. % share in value
4. SEGMENTS AND APPLICATIONS
- Table 4.1: Total world. TOTAL LIGHTING FIXTURES market by segment, 2014-2020 estimated data and 2021-2024 forecasts. USD million, % yearly change and % share in value
- Table 4.2: Total world. LED-BASED LIGHTING FIXTURES market by segment, 2014-2020 estimated data and 2021-2024 forecasts. USD million, % yearly change and % share in value
- Table 4.3: Total world. Estimated consumption of lighting fixtures by destination/application, 2020: TOTAL LIGHTING FIXTURES and LED-BASED LIGHTING FIXTURES. USD Million and % share in value
- Table 4.4: Total world. Architectural indoor lighting. Estimated sales breakdovn by destination/application for a sample of LED lighting manufacturers. % share in value
- Table 4.5: Total world. Industrial lighting and specialty products. Estimated sales breakdovn by application for a sample of LED lighting manufacturers. % share in value
- Table 4.6: Total world. Outdoor lighting. Estimated sales breakdovn by application for a sample of 60 LED lighting manufacturers. % share in value
5. PROJECTS, WHOLESALES AND OTHER DISTRIBUTION CHANNELS
- Figure 5.1: Total world. Breakdown of lighting fixtures sales by distribution channel, 2016-2018-2020. % share in value
- Table 5.1: Total world. Estimated lighting fixtures sales breakdown by distribution channel for a sample of LED lighting manufacturers. % share in value
6. PROFITABILITY
- Table 6.1: Total world. EBITDA margin (%) in a sample of 100 lighting manufacturers, 2016-2020. Ranking by Operating revenue (Turnover), last available year
- Table 6.2: Total world. Profitability indicators (ROE, ROCE, ROA, EBIT, EBITDA) in a sample of 100 lighting manufacturers, last year available, % Ranking by Operating revenue (Turnover)
7. WORLDWIDE COMPETITION: TOP 50 PLAYERS
- 7.1. Total LED lighting market
- Table 7.2: Total world. Total LED-based lighting sales* and market shares of 50 among the leading companies
- Table 7.3: Total world. LED-based lighting fixtures sales and market shares of 50 among the leading companies
- 7.2. Residential and Hospitality LED lighting market
- Table 7.4: Total world. Residential + Hospitality: LED-based lighting fixtures sales and market shares of 50 among the leading companies
- 7.3. Commercial LED lighting market: Office solutions, Healthcare, Schools and other Public premises
- Table 7.5: Total world. Office + Schools/infrastructures + Healthcare: LED-based lighting fixtures sales and market shares of 50 among the leading companies
- 7.4. Commercial LED lighting market: Retail solutions, Art & Museum, Entertainment solutions
- Table 7.6: Total world. Retail + Museums & other art venues + Entertainment places: LED-based lighting fixtures sales and market shares of 50 among the leading companies
- 7.5. Industrial LED lighting market
- Table 7.7: Total world. Industrial: LED-based lighting fixtures sales and market shares of 50 among the leading companies
- 7.6. Outdoor LED lighting market: Residential, Architectural and Christmas lighting solutions
- Table 7.8: Total world. Residential outdoor + Architectural outdoor + Christmas/Events: LED-based lighting fixtures sales and market shares of 50 among the leading companies
- 7.7. Outdoor LED lighting market: Street lighting, Tunnel and Area lighting solutions
- Table 7.9: Total world. Streets/major roads + Tunnels/galleries + Sporting plants/large areas: LED-based lighting fixtures sales and market shares of 50 among the leading companies
- 7.8. LED lamps
- Table 7.10: Total world. LED Lamps sales and market shares of 50 among the leading companies
8. REGIONAL REPORTS: ACTIVITY TREND AND MARKET SHARES
- 8.1. Europe
- Activity trend
- Figure 8.1: European Union (27) + Norway, Switzerland and the United Kingdom. LED-based lighting fixtures sales, 2014-2020 estimated data and 2021-2024 forecasts. USD million, % share in value and % yearly change
- Market shares
- Table 8.1: Total LED-based lighting sales* in Europe and market shares of 50 among the leading companies
- 8.2. Russia, Serbia, Turkey and CIS countries
- Activity trend
- Figure 8.2: Russia, Serbia, Turkey and CIS countries. LED-based lighting fixtures sales, 2014-2020 estimated data and 2021-2024 forecasts. USD million, % share in value and % yearly change
- Market shares
- Table 8.2: Total LED-baed lighting sales* in Russia, Serbia, Turkey and CIS Countries and market shares of 50 among the leading companies
- 8.3. North America
- Activity trend
- Table 8.3: USA. Installed Stock Projections for the Current SSL Path Scenario (Million Lamp Systems), 2017-2035
- Figure 8.3: North America. LED-based lighting fixtures sales, 2014-2020 estimated data and 2021-2024 forecasts. USD million, % share in value and % yearly change
- Market shares
- Table 8.4: Total LED-baed lighting sales* in North America and market shares of 50 among the leading companies
- 8.4. Central-South America
- Activity trend
- Figure 8.4: Central-South America. LED-based lighting fixtures sales, 2014-2020 estimated data and 2021-2024 forecasts. USD million, % share in value and % yearly change
- Market shares
- Table 8.5: Total LED-baed lighting sales* in Central-South America and market shares of 50 among the leading companies
- 8.5. China
- Activity trend
- Figure 8.5: China. LED-based lighting fixtures sales, 2014-2020 estimated data and 2021-2024 forecasts. USD million, % share in value and % yearly change
- Market shares
- Table 8.6: Total LED-baed lighting sales* in China and market shares of 50 among the leading companies
- 8.6 India
- Activity trend
- Figure 8.6: India. LED-based lighting fixtures sales, 2014-2020 estimated data and 2021-2024 forecasts. USD million, % share in value and % yearly change
- Market shares
- Table 8.7: Total LED-baed lighting sales* in India and market shares of 50 among the leading companies
- 8.7. Japan
- Activity trend
- Figure 8.7: Japan. LED-based lighting fixtures sales, 2014-2020 estimated data and 2021-2024 forecasts. USD million, % share in value and % yearly change
- Market shares
- Table 8.8: Total LED-based lighting sales* in Japan and market shares of 50 among the leading companies
- Source: CSIL processing
- (*) Total LED-based lighting sales include: LED-based Lighting Fixtures sales and LED Lamps sales
- 8.8. Asia Pacific
- Activity trend
- Figure 8.8: Asia Pacific. LED-based lighting fixtures sales, 2014-2020 estimated data and 2021-2024 forecasts. USD million, % share in value and % yearly change
- Market shares
- Table 8.9: Total LED-baed lighting sales* in Asia Pacific and market shares of 50 among the leading companies
- Source: CSIL processing
- (*) Total LED-based lighting sales include: LED-based Lighting Fixtures sales and LED Lamps sales
- 8.9. Middle East and Africa
- Activity trend
- Figure 8.9: Middle East and Africa. LED-based lighting fixtures sales, 2014-2020 estimated data and 2021-2024 forecasts. USD million, % share in value and % yearly change
- Market shares
- Table 8.10: Total LED-baed lighting sales* in Middle East and Africa and market shares of 50 among the leading companies
- Source: CSIL processing
- (*) Total LED-based lighting sales include: LED-based Lighting Fixtures sales and LED Lamps sales
9. SUPPLY CHAIN (NOTES)
- 9.1. Suppliers of packaged LED and chips
- 9.2. LED drivers
- 9.3. LED modules