For example, electric lighting for motor vehicles generated 128. Lighting the way perspectives on the global lighting. Zumtobel group entering second phase of transformation. Perspectives on the global lighting market mckinsey. Drivers and restrains the research report has incorporated the analysis of different factors that augment the market s growth. Mckinsey global lighting market model led estimate market size in eur billions. The future of keyaccount management in the middle east.
By combining studies done specifically for the report along with hundreds of other key parameters, a model of the lighting market was constructed to predict the future of the market up to 2020. Systems and solutions are a new downstream business opportunity in the lighting industry, thanks largely to the possibilities of various. Mckinsey releases lighting market report based on a worldwide survey of lighting professionals and consumers, as well as other input factors, mckinsey has developed a lighting market model that estimates the size of the global lighting market through to 2020, differentiated by application, geography, and lightsource technology. At the same time, led represents 7% of the lightning mix. The sales of a variety of uk manufactured lamps have seen increases as well. Lighting market characterization 2 executive summary the 2015 u. Airport smart lighting market report research, industry.
General lighting market size is forecast to grow by usd 30. Growth expectation and market size based on bcg and zumtobel group market intelligence 2015. Lighting is one of the most substantial energy consuming enduses. Lighting, leds and smart lighting market overview subject presentation by p. Led market forecast architectural lighting magazine. Year 2014 brought led lighting mainstream as awareness at all levels is very. The global led lighting market is growing with maturing light culture. Mckinsey global institute our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. The market value was developed from a bottomup analysis that used existing market reports, investor reports, bcg expertise, and close to 100 interviews with external experts.
Mgis mission is to help leaders in the commercial, public, and social sectors develop a deeper understanding of the evolution of the global economy and to provide a fact base that contributes to decision making on critical management and policy issues. Software, and services, communication technology wired and wireless, installation type, enduse application, and geography global forecast to 2025, is estimated to grow from usd. Lighting market characterization lmc is the third report released1 by the u. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the subsegments from 2016 to 2027. Hospitality and retail sector to boost led lighting market, says mckinsey report. The report provides readers with an introduction to the existing typical suppliers, major routetomarket channels, and emerging or potential channels. The aim of this report is to give a high level overview of the routetomarket channels of the lighting industry. Europe smart lighting market was over usd 2 billion in 2017 and is expected to exhibit a robust growth between 2018 and 2024 at a cagr of around 20%. Lighting, leds and smart lighting market overview energy. This market report has been prepared by a mckinsey team on the basis of public sources and proprietary information gathered by the mckinsey global led competence center via market and industry surveys. The united states industrial and commercial lighting industry 2016 market research report is a professional and indepth study on the current state of the industrial and commercial lighting industry. Based on a worldwide survey of lighting professionals and consumers, as well as other input factors, mckinsey has developed a lighting market.
This article examines major trends shaping the middle easts consumergoods landscape and their implications on keyaccount management. Key companies covered in the lighting market research report are ge lighting, koninklijke philips n. According to mckinsey, the global lighting market will grow to approximately to the value of. By transitioning to energyefficient leds, an estimated savings of usd 18 billion in electricity costs can be achieved. Lighting market size, share, growth,trends forecast 2025. Outdoor lighting market size global forecast report 2023. Its worth quoting mckinsey s piece at a bit of length here. Lighting industry market reports are often difficult to come by. The largest segment is the professional luminaires. Perspectives onthe global lighting market by mckinsey and company 2011.
This market report has been prepared by mckinsey on the basis of public sources and certain information provided by mckinseys global lighting professionals. As companies deploy digitalmanufacturing solutions, most are pursuing multiple use cases, with a focus on a mix of efficiency gains for example, digital quality and performance management or remote monitoring and businessmodel innovation for example, in situ 3d printing and realtime supplychain optimization. Global airport smart lighting market insights, forecast to 2025 has complete details about market of airport smart lighting industry, airport smart lighting analysis and current trends. General lighting market analysis indicates that declining manufacturing costs of leds will drive market growth. Mckinsey report on the global lighting market evolite. Shedding light on the commercial lighting market in wisconsin. Lighting the wayperspectives on the global lighting market. Due to the explosive growth, the led share in the total lightning market will grow to 37% in 2015 and even to 64% in 2020. Hospitality and retail sector to boost led lighting market.
Global general lighting market excluding automotive and backlighting source. United states industrial and commercial lighting industry. Status of ledlighting world market in 2017 european energy. Perspectives on the global lighting market technical report pdf available august 2012 with 2,6 reads how we measure reads.
The model used estimates the size of the global lighting market through to 2020, differentiated by application, geography, and lightsource. Hospitality and retail sector to boost led lighting market, says. By position the market can be divided into front, side, rear, and interior. Trends in the lighting market, it projected, are shrinking the light source replacement market and transferring value creation to new fixture installation in the general lighting market. Technavios report, global lighting market 20172021, has been prepared based on an indepth market analysis with inputs from industry experts. A look at the history, present and future of the lighting. Mckinsey global lighting professionals consumer survey led lighting market trend2 by general lighting application incl. Increasing demand for connected lighting system has been a major factor driving market growth. The report covers the market landscape and its growth. Europe holds the highest share in the smart lighting market worldwide. The front lighting segment held the maximum share of the market in 2016. This second edition addresses recent changes in the lighting market environment, updating the 2011. The mckinsey report suggests that the led lighting market will amount to almost 65 billion. The report smart lighting market by offering hardware.
Lighting market report predicts strong growth for led. Mckinsey releases lighting market report leds magazine. Led lighting market growth, trends, and forecast 2020. Smart lighting controls market revenue by light source worldwide 2017 smart lighting market value asiapacific 20172024 further content. Lighting market characterization estimates were based on building lighting audits, industry surveys, national lighting product shipment data, and interviews with lighting professionals and subject. Architectural is the early led adopter, with residential moving slowly, but significantly source. Consumergoods manufacturers in the middle east must change the way they manage their most important retailer relationships. For the purpose of this study, grand view research has segmented the global led lighting market report on the basis of product, application, end use, and region. Humancentric lighting applications will drive the led market by 2024 read the full report. According to a recent department of energy market characterization study, lighting accounts for approximately 700 3 lighting the way. While many of the findings in mckinsey s 2011 lighting the way report the first to provide a holistic view of the fragmented and complex global lighting industry still hold true in general today, some key market parameters have shifted due to world events over the past year.
Interestingly, the mckinsey report also says that in contrast, office and industrial applications will be slow movers due to the current high penetration of costcompetitive linear fluorescent lamps. Led market intelligence report 3 aline lamps the most common residential bulb alines are typically rated for 100 75 60 and 40 watts or wattequivalent. The mckinsey model developed for this market report, including data gathered from lighting professionals and consumers around the world, reveals that leds market share is likely to accelerate over the next decade, with revenue. Growing number of households and urbanization will also fuel general lighting market industry growth. The report also gives an overview of the competitive landscape. As general purpose bulbs alines almost always have a medium. The last two pages of mckinsey s report provide one doozy of a projection. Our reports on industrial lighting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. Global led lighting market 2018 update markets insider. Our flagship business publication has been defining and informing the seniormanagement agenda since 1964. Based on the mckinseys 2020 lighting market model mck12, figure iii. One of the mckinsey report s conclusions stated, population growth, resource scarcity, and climate change. Some major technological innovations in this particular market such as connected. Electronic pdf the global highend lighting market size is expected to reach usd 24.
Huge disposable income, improved standard of living, and an increased deployment of smart lighting solutions in residential, commercial, and government sectors are the factors. The market is experiencing now a shift from conventional lighting to led lighting with easy availability of leds in light bulb format, thereby posing a tremendous growth potential for the market. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. Other information used includes mckinsey s 2011 global. New york, ny, may 25, 2018 globe newswire zion market research has published a new report titled led lighting market for residential, architectural and. Capital markets day 2016 15 march 2016 frankfurt am. We believe we are uniquely positioned across the lighting value chain and focus on the general lighting market. Department of energys does solidstate lighting ssl program that provides summary estimates of the installed stock. This publication is a technical report by the joint research centre jrc, the. Led eating market share in 110 billion lighting market.
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