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LEDs and the lighting fixtures worldwide market

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The worldwide market for LED lighting fixtures (excluding retrofit lamps) is about USD 14 billion in 2012, equal to around 18% of the worldwide consumption (and probably some 6% in terms of physical units). Yearly growth has been about 65% in 2012, that is in line with previous optimistic expectations. It is shown that growth of LED lighting sales has been around by 27% per year among 2008 and 2010, and much more (+66% per year) among 2010 and 2012. Expected lighting fixtures market growth, for the coming three years, is yearly: +7% in USD, +6% in EUR, +5% in quantity. The worldwide market for lighting fixtures in the year 2015 will be close to 92 billion USD. Today’s LED lighting market is made by around 80% of lighting fixtures (focus of our study) and 20% LED retrofit lamps. One hundred among the top manufacturers of lighting fixtures hold around two thirds of the total LED lighting market for 2012. Their sales increased (in the LED segment) by an average 25% among 2008 and 2010, and were booming on average by 65% during the period 2010-2012. The fourth edition of the CSIL Research LEDs and the worldwide market for lighting fixtures is mainly based on around 500 interviews with manufacturers and retailers of lighting fixtures worldwide during the first half of 2013, plus statistical data and overall CSIL market knowledge in the lighting fixtures industry. The Report provides data on consumption of total lighting fixtures and LED based lighting fixtures for the years 2005-2012 (estimates) and forecasted for the years 2013-2015. A breakdown of LED lighting fixtures worldwide market is provided by segment (residential, commercial, industrial, outdoor lighting). LED based lighting fixtures sales and related market shares are provided for the major companies operating in this market by considered countries and by main applications. Short company profiles are also included. In the ranking there are both company using LEDs for some 15%-20% of their company turnover, and LED lighting specialists.

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Paper provided by Centre for Industrial Studies (CSIL) in its series CSIL reports with number S52.

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Length: 186 pages
Date of creation: Oct 2013
Date of revision:
Handle: RePEc:mst:csilre:s52

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