LED Lighting Market by Installation Type (New Installation and Retrofit Installation), End-Use Application (Indoor Lighting and Outdoor Lighting), Product Type (Lamps and Luminaires), and Geography – Global Forecast to 2022
The global LED lighting market is expected to be valued at USD 92.40 Billion by 2022 and is expected to witness a shipment of 14.01 Billion units by 2022, at a CAGR of 13.66% and 21.23%, respectively, between 2016 and 2022. The increasing consumer demand for energy-efficient lighting systems, reduction in prices of LEDs, and high penetration of LEDs as a light source in the general lighting market are expected to drive the growth of this market. The base year considered for this report is 2015, and the market size forecast is provided for the period between 2016 and 2022.
The prime objectives of this report can be summarized as follows:
>To define, describe, and forecast the global LED lighting market on the basis of installation type, end-use application, product type, and geography
>To provide market statistics with detailed classification and split in terms of value and volume
>To forecast the size of market segments with respect to four major regions, namely, North America, Europe, APAC, and RoW
>To provide detailed information regarding the major factors influencing the growth of the LED lighting market (drivers, restraints, opportunities, and challenges)
>To detail the industry trends, insights based on the value chain analysis, and strategic benchmarking of the LED lighting market
This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg, Factiva, and OneSource) to identify and collect information useful for this study. The research methodology followed in this report is explained below.
>Analysis of all the end users of LED lighting systems worldwide
>Analysis of various LED lighting components and systems sold to various industries
>Analysis of the penetration of LED lighting in various industries
>Estimation of the market size in terms of volume
>Estimation of the market size of LED lighting systems in terms of end-use applications by different industrial and consumer segments
>Overall market size along with data triangulation with supply-side data including product developments, supply chain, and estimated sales of LED lighting systems
After arriving at the overall market size, the total market has been split into several segments and subsegments and confirmed with the key industry experts. The figure below shows the breakdown of primaries on the basis of company type, designation, and region.
