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レポート概要
| モルドールインテリジェンス社の本調査資料では、世界の商業用＆産業用LED照明市場規模が、予測期間中（2022年〜2027年）に16.4%で拡大すると展望しています。本資料は、商業用＆産業用LED照明の世界市場について調査を行い、市場の現状や動向をまとめています。イントロダクション、調査手法、エグゼクティブサマリー、市場インサイト、種類別（ランプ、照明器具）分析、流通チャネル別（直接販売、卸売業者/建築家/インテグレーター/小売業者）分析、エンドユーザー別（商業オフィス、小売、ホスピタリティ・レジャー、医療、その他）分析、地域別（アメリカ、カナダ、イギリス、ドイツ、フランス、中国、日本、インド）分析、競争状況、投資分析、市場の将来など、以下の項目を掲載しています。また、主要参入企業として、Signify NV (Philips Lighting)、WAC Lighting、Cree Lighting (Ideal Industries Inc,)、SitecoGmbH、Wipro Lighting Limited、Acuity Brands Inc.、Hubbell Incorporated、ZumtobelGroup AG、Technical Consumer Products Inc.、DialightPlcなどの情報を含んでいます。 ・イントロダクション ・調査手法 ・エグゼクティブサマリー ・市場インサイト ・世界の商業用＆産業用LED照明市場規模：種類別 - ランプの市場規模 - 照明器具の市場規模 ・世界の商業用＆産業用LED照明市場規模：流通チャネル別 - 直接販売チャネルの市場規模 - 卸売業者/建築家/インテグレーター/小売業者チャネルの市場規模 ・世界の商業用＆産業用LED照明市場規模：エンドユーザー別 - 商業オフィスにおける市場規模 - 小売における市場規模 - ホスピタリティ・レジャーにおける市場規模 - 医療における市場規模 - その他における市場規模 ・世界の商業用＆産業用LED照明市場規模：地域別 - 北米の商業用＆産業用LED照明市場規模 アメリカの商業用＆産業用LED照明市場規模 カナダの商業用＆産業用LED照明市場規模 … - ヨーロッパの商業用＆産業用LED照明市場規模 イギリスの商業用＆産業用LED照明市場規模 フランスの商業用＆産業用LED照明市場規模 ドイツの商業用＆産業用LED照明市場規模 … - アジア太平洋の商業用＆産業用LED照明市場規模 中国の商業用＆産業用LED照明市場規模 インドの商業用＆産業用LED照明市場規模 日本の商業用＆産業用LED照明市場規模 … - 中南米の商業用＆産業用LED照明市場規模 - 中東の商業用＆産業用LED照明市場規模 … - その他地域の商業用＆産業用LED照明市場規模 ・競争状況 ・投資分析 ・市場の将来 |
The Global Commercial and Industrial LED Lighting Market is expected to witness a CAGR of 16.4% during the forecast period (2022-2027). Governments in both developed and developing countries are working to reduce high energy consumption by enacting various quality laws that assist them in maintaining customer safety, reducing energy consumption, and keeping track of environmental challenges. LED lights are energy-efficient solutions that provide 50,000 hours of illumination while using less electricity. As a result, rigorous government restrictions governing the usage of high-energy-consuming lighting are expected to boost market growth.
Key Highlights
- The market studied is driven by many factors, such as improved manufacturing efficiency, improved LED efficacy in recent years, and suitable design of LED lamps and retrofit kits, which can directly replace the existing halogen, incandescent, and fluorescent lamps.
- For Instance, In April 2022, All streetlights in Navi Mumbai will be replaced with LED lights, according to the Navi Mumbai Municipal Corporation (NMMC). It plans to replace 35,000 streetlights this year, saving INR 7 million annually. LED lighting will be installed on all city roads, including highways. While some were replaced in 2021, most will be replaced in the fiscal year 2022. The work’s tendering process has commenced. The LED fittings will be installed on the Sion-Panvel highway, frequently in the dark, as it has been handed over to NMMC for maintenance by PWD.
- Further, LED prices decreased in the last few years, driven by manufacturing efficiency and economies of scale. Competition among manufacturers is also making standard LED products more affordable. Further technological innovation presents customers with a broader choice of prices and products.
- However, during the initial period of the COVID-19 pandemic, market players reported substantial impacts on their supply chain, including supply shortages and delays, decreased sales and demand, and inventory surpluses and shortages. Manufacturers reported localized supply disruptions and reduced demand for commercial retrofit projects. In contrast, residential and outdoor lighting market demand remained stable.
- LED lighting network requires a whole new infrastructure by users to enable this technology as LED employs a different standard than conventional lamps and necessitates complete replacement. Additionally, there is an imbalance between demand and supply; i.e., the supply does not meet the need for LED lights. Also, the number of manufacturers in this industry is lesser than the other lighting technologies. Hence, most of them cannot provide LEDs at competitive prices. Due to expensive raw materials, relatively new LED technology, and high demand, some components increased the cost of LED fixtures. Such factors may restrain the growth of the studied market.
Commercial & Industrial LED Lighting Market Trends
The Retail Segment is Expected to Drive the Market’s Growth
- The demand for LED lighting in retail outlets is witnessing an upsurge, as several retailers worldwide are increasingly concerned about their impact on the environment. Retailers are responding by increasing the sustainability of their products and business practices. Improving efficiency and reducing waste lower overhead costs for retailers and provide an opportunity for business growth. To cater to the growing demand and intensifying competition, the players in the market are introducing innovative products & solutions and building robust partnerships and distribution networks.
- In May 2022, Mich.EarthTronics introduced its Color & Wattage Selectable LED Strip Series for high-bay and general lighting in retail and new commercial facilities. The company is dedicated to developing innovative energy-saving lighting products with a positive economic and environmental impact. The new LED Strip Series, which comes in 48- and 96-inch fixtures, allows facilities to switch between 3500K, 4000K, and 5000K color temperatures and three wattages during installation to provide the proper illumination level and desired color temperatures for optimum productivity.
- In March 2022, Fluence by OSRAM, a prominent global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, announced its distribution partnership with HydrofarmHoldings Group, Inc., a significant manufacturer and distributor of hydroponic equipment and supplies for controlled environment agriculture. Hydrofarmwould begins distributing Fluence’s newly released SPYDR Fang LED lighting solution to its network of hydro-shop retailers throughout the U.S. beginning in early April 2022.
- Moreover, among the retailers, it has been very important to show their products as they are being placed, especially when it comes to products like clothing. This means choosing the primarily designed lights to not distort the colors. The lights with high CRIs (color rendering index) become crucial. CRI primarily indicates how accurately a light source can reveal the true colors of objects, people, clothing, etc. This factor is likely to boost the growth of the studied market.
- Supermarkets have long been challenged to create an enticing atmosphere and successfully showcase their product assortments while simultaneously achieving energy efficiency and cost savings. With the older-generation lighting, such as fluorescent or halogen bulbs, proving to be inefficient, the retail sector is increasingly adopting modern LED lighting solutions that are known for imparting ambiance, enhancing fresh product appearance, and reducing spending on energy.
North America is Expected to Hold a Major Market Share
- The increasing demand for energy-efficient lighting systems, stringent government regulations, and declining prices of LED products are some of the major factors driving the adoption of LED lighting in the United States. For instance, In April 2021, the US Department of Energy announced six new initiatives to expand international cooperation around tackling the climate crisis and boosting clean energy innovation. These initiatives will boost the Biden Administration’s 100% clean electricity goal by 2035 and net-zero carbon emissions by 2050. This would offer lucrative opportunities for the growth of the studied market.
- The US government is promoting the usage of LED lamps across various end-user verticals to increase energy efficiency. According to a report issued by the US Department of Energy, during 2017-2035, the number of installations of LED lamps in the commercial and residential building sectors may increase from 219 and 949 million lamp systems (MLS) in 2017 to 309 and 4038 MLS in 2035, respectively. Further, as per the US Department of Energy report published in March 2021, increased customer awareness of LED products and regulatory bodies, utility incentives, and rebate programs helped drive LED adoption; therefore, the market volume of LED lamps has grown exponentially.
- The governments in the region also regulate the lighting systems used in commercial spaces, limiting energy consumption. For example, the Federal Energy Management Program (FEMP) guides the acquisition of commercial light-emitting diode (LED) luminaires in the United States. Following suit, in July 2021, LumiledsHolding, with its operational headquarters in the United States, introduced its new LUXEON 2835 Commercial LEDs that are engineered and designed to support the increasing demand for a high volume, high-efficacy mid-power LED to serve commercial indoor lighting applications. Common commercial indoor applications include troffers, panels, and high-bay, among other formats.
- The North American industrial sector fosters the market’s growth with increasing investments in industry-grade LED technologies. An industrial facility has multiple locations where high vibration, chemicals, debris, and potential explosives are present. These factors primarily impact the lifetime and performance of light fixtures installed within these locations. For example, aggregate processing and storage operations can have significant dust accumulation, while other chemical processing operations are highly acidic environments. As lighting technologies are evolving, there have been improvements in lifetime, energy efficiency, color, and safety. Furthermore, several market players are designing LED light fixtures for specific uses in hazardous and heavy industrial applications to ensure reliable, safe, and effective performance over the LED luminaire’s life.
- In December 2021, Access Fixtures, a Massachusetts-based commercial and industrial lighting manufacturer, released a new family of explosion-proof light fixtures for industrial locations requiring vapor-tight and hazardous lighting. These fixtures are efficient and cost-effective at 140 lumens per watt and range in wattage from 40w to 200w. Lightweight die-cast aluminum ensures that even large fixtures weigh under 20 lbs for easy and safe mounting.
- On the Flipside, the outbreak of COVID-19 has led to a weakened growth of industrial output and the decline in light-manufacturing production across significant manufacturing hubs, owing to the halting of production and disruption in the supply chain across the United States. According to the US Department of Energy’s report published in July 2021, many LED manufacturers cited a decreased demand for lighting products due to the challenges faced after the COVID-19 pandemic. Quarterly earnings dropped substantially for publicly traded LED lighting manufacturers.
Commercial & Industrial LED Lighting Market Competitor Analysis
The Global Commercial and Industrial LED Lighting Market is a moderately competitive market with significant players like Signify NV (Philips Lighting), WAC Lighting, Cree Lighting (Ideal Industries Inc), and Siteco GmbH, Wipro Lighting Limited, etc. The players in the market are innovating advanced and comprehensive products and solutions to cater to the complex requirements of their customers.
- Oct 2021 – GE Current, a Daintree company, signed a definitive agreement with Hubbell Incorporated to acquire Hubbell’s commercial and industrial (C&I) lighting business, forming a premier end-to-end lighting solutions company. The two businesses’ product and controls portfolios will be positioned through the broad go-to-market channels to capture growth driven by further LED conversion and demand for linked light controls systems.
- July 2021 – US LED Ltd. announced the launch of its L-Grid Edge Xtreme XL Select, a new generation of LED flat panels with selectable CCT and wattage options. More than just a light, they are engineered to bring superior visual comfort to retail stores and offices while accelerating installation.
- July 2021 – OSRAM Sylvania Inc. launched a powerful industrial LED driver. The product OTiDALI 300 watts provides more power through the extra-long service life of up to 100,000 operating hours while providing maximum flexibility with a 250 to 1550 mA output current range. It also allows a constant check on the energy consumption and operating and maintenance costs to unlock savings potential.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Move toward Energy-efficient and Connected Lighting Solutions driven by Growing Awareness and Smart Office Initiatives
4.2.2 Availability of LED-based Lighting Solutions as a Standardized Feature Coupled with Incremental Technological Advancements in the Sector
4.3 Market Challenges
4.3.1 The Sector is Susceptible to Broader Conditions, such as Construction Activity
4.4 Industry Ecosystem Analysis
4.5 Industry Attractiveness-Porter’s Five Forces Analysis
4.6 LED Trade Analysis and the Impact of US-China Trade War on the LED Market (QualitativeTrends)
4.7 Imapct of Covid-19 on the Market
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Lamps
5.1.2 Luminaries
5.2 By Distribution Channel
5.2.1 DirectSales
5.2.2 Wholesalers/Architects/Integrators/Retail
5.3 By End User
5.3.1 Commercial Offices
5.3.2 Retail
5.3.3 Hospitality & Leisure (Restaurants/Hotels, Sporting facilities and Places of Entertainment)
5.3.4 Healthcare
5.3.5 Industrial
5.3.6 Architectural
5.3.7 Other End Users
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Rest of Asia-Pacific
5.4.4 Latin America
5.4.5 Middle-East
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Signify NV (Philips Lighting)
6.1.2 WAC Lighting
6.1.3 Cree Lighting (Ideal Industries Inc,)
6.1.4 SitecoGmbH
6.1.5 Wipro Lighting Limited
6.1.6 Acuity Brands Inc.
6.1.7 Hubbell Incorporated
6.1.8 ZumtobelGroup AG
6.1.9 Technical Consumer Products Inc.
6.1.10 DialightPlc
7 INVESTMENT ANALYSIS
8 FUTURE OF THE MARKET