PUBLISHER: Acute Market Reports | PRODUCT CODE: 1130014
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1130014
Light Engine Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Reducing Prices of LED Has Increased the Demand for Light Engine Market
Globally, the light engine market is expected to grow with a CAGR of 12.9% during the forecast period from 2022 to 2030 and had been estimated to register a market value of US$ 63.31 Bn by 2030. Rising urbanization has led to technological advancement which is offering new technologies and products to the consumers and industries. Light engine are similar to the LEDs mounted on a board. The light engine drives the LEDs by managing thermals, providing protection, and regulating power. There are various benefit of light engine such as reduction in cost as these engines are connected directly to the main power by eliminating the external power supply.
Moreover, due to their direct connectivity the design of these engines is more flexible. Addiitonally, the reduction in cost of the semiconductor equipments plays a vital role in the growth of the market globally. Also, increasing adoption of flexible light engines in residential and commercial area is also prominently expanding the market in coming years. However, limited awareness regarding the installation costs, and rapid development of alternative technologies are likely to hinder the growth of this market during the forecast period.
Light Engine with Indoor Lightining in its End-User Applications Segment Continue Dominating the Market
In the year 2021, the overall light engine market was dominated by the indoor lightining segment in its industry size segment accounting for more than 55.0% of the market revenue and is expected to grow with a significant CAGR during the forecast period. The rising in urbanization and development in the infrastructure globally are considered as the major factors driving the market globally. The rise in population and increasing need for homes and apartments is also fuelling the growth of the market.
Asia-Pacific Dominates the Market by Region
The global light engine market was led Asia-Pacific with a market share than of more 30.0% in the year 2020. The rising adoption of energy efficient technology and development in the infrastructure in the region is expected to drive the market globally. Moreover, based on countries the region has been segmented as China, Japan, India and rest of Asia-Pacific. The China accounts the largest share in the region due to increasing investments made by the government and private sector for the development of infrastructure and adoting power saving technologies.
Some of the prominent players operating in the light engine are: OSRAM Licht Group, Philips Lighting Holdings B.V., Fulham Co., Inc., MaxLite, Inc., Tridonic, General Electric Company, Fusion Optix, Inc., Thomas Research Products, Cree Inc., and RS Components Pty Ltd.
Historical & Forecast Period:
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. Key data point that enables the estimation of Light Engine market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Light Engine market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
- Research Period: 2020-2030
- Base Year: 2021
- Forecast Period: 2022-2030
- Historical Year: 2020
- Unit: USD Million
Segmentation
Product
- Lamp
- Luminaire
Installation
- New Installation
- Retrofit Installation
End-Use Application
- Indoor Lighting
- Residential
- Commercial
- Industrial
- Others
- Outdoor Lighting
- Highways & Roadways Lighting
- Architectural Lighting
- Lighting for Public Places
- Others
Region Segment (2020-2030; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
- Pre COVID-19 situation
- Post COVID-19 situation
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Light Engine market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Light Engine market?
- Which is the largest regional market for Light Engine market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Light Engine market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Light Engine market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Light Engine Market
- 2.2. Global Light Engine Market, By Product, 2021 (US$ Million)
- 2.3. Global Light Engine Market, By Installation, 2021 (US$ Million)
- 2.4. Global Light Engine Market, By End-Use Application, 2021 (US$ Million)
- 2.5. Global Light Engine Market, By Geography, 2021 (US$ Million)
- 2.6. Impact of Covid 19
- 2.7. Attractive Investment Proposition by Geography, 2021
- 2.8. Competitive Analysis
- 2.8.1. Market Positioning of Key Light Engine Market Vendors
- 2.8.2. Strategies Adopted by Light Engine Market Vendors
- 2.8.3. Key Industry Strategies
3. Light Engine Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Light Engine Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Light Engine Market: By Product, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Lamp
- 4.3.2. Luminaire
5. Light Engine Market: By Installation, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. New Installation
- 5.3.2. Retrofit Installation
6. Light Engine Market: By End-Use Application, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. Indoor Lighting
- 6.3.1.1. Residential
- 6.3.1.2. Commercial
- 6.3.1.3. Industrial
- 6.3.1.4. Others
- 6.3.2. Outdoor Lighting
- 6.3.2.1. Highways & Roadways Lighting
- 6.3.2.2. Architectural Lighting
- 6.3.2.3. Lighting for Public Places
- 6.3.2.4. Others
- 6.3.1. Indoor Lighting
7. North America Light Engine Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Light Engine Market: By Product, 2020-2030, USD (Million)
- 7.3. Light Engine Market: By Installation, 2020-2030, USD (Million)
- 7.4. Light Engine Market: By End-Use Application, 2020-2030, USD (Million)
- 7.5.Light Engine Market: By Region, 2020-2030, USD (Million)
- 7.5.1.North America
- 7.5.1.1. U.S.
- 7.5.1.2. Canada
- 7.5.1.3. Rest of North America
- 7.5.1.North America
8. UK and European Union Light Engine Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Light Engine Market: By Product, 2020-2030, USD (Million)
- 8.3. Light Engine Market: By Installation, 2020-2030, USD (Million)
- 8.4. Light Engine Market: By End-Use Application, 2020-2030, USD (Million)
- 8.5.Light Engine Market: By Region, 2020-2030, USD (Million)
- 8.5.1.UK and European Union
- 8.5.1.1. UK
- 8.5.1.2. Germany
- 8.5.1.3. Spain
- 8.5.1.4. Italy
- 8.5.1.5. France
- 8.5.1.6. Rest of Europe
- 8.5.1.UK and European Union
9. Asia Pacific Light Engine Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Light Engine Market: By Product, 2020-2030, USD (Million)
- 9.3. Light Engine Market: By Installation, 2020-2030, USD (Million)
- 9.4. Light Engine Market: By End-Use Application, 2020-2030, USD (Million)
- 9.5.Light Engine Market: By Region, 2020-2030, USD (Million)
- 9.5.1.Asia Pacific
- 9.5.1.1. China
- 9.5.1.2. Japan
- 9.5.1.3. India
- 9.5.1.4. Australia
- 9.5.1.5. South Korea
- 9.5.1.6. Rest of Asia Pacific
- 9.5.1.Asia Pacific
10. Latin America Light Engine Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Light Engine Market: By Product, 2020-2030, USD (Million)
- 10.3. Light Engine Market: By Installation, 2020-2030, USD (Million)
- 10.4. Light Engine Market: By End-Use Application, 2020-2030, USD (Million)
- 10.5.Light Engine Market: By Region, 2020-2030, USD (Million)
- 10.5.1.Latin America
- 10.5.1.1. Brazil
- 10.5.1.2. Mexico
- 10.5.1.3. Rest of Latin America
- 10.5.1.Latin America
11. Middle East and Africa Light Engine Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Light Engine Market: By Product, 2020-2030, USD (Million)
- 11.3. Light Engine Market: By Installation, 2020-2030, USD (Million)
- 11.4. Light Engine Market: By End-Use Application, 2020-2030, USD (Million)
- 11.5.Light Engine Market: By Region, 2020-2030, USD (Million)
- 11.5.1.Middle East and Africa
- 11.5.1.1. GCC
- 11.5.1.2. Africa
- 11.5.1.3. Rest of Middle East and Africa
- 11.5.1.Middle East and Africa
12. Company Profile
- 12.1. OSRAM Licht Group
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Portfolio
- 12.1.4. Strategic Initiatives
- 12.2. Philips Lighting Holdings B.V.
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Portfolio
- 12.2.4. Strategic Initiatives
- 12.3. Fulham Co., Inc.
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Portfolio
- 12.3.4. Strategic Initiatives
- 12.4. MaxLite, Inc.
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Portfolio
- 12.4.4. Strategic Initiatives
- 12.5. Tridonic
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Portfolio
- 12.5.4. Strategic Initiatives
- 12.6. General Electric Company
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Portfolio
- 12.6.4. Strategic Initiatives
- 12.7. Fusion Optix, Inc.
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Portfolio
- 12.7.4. Strategic Initiatives
- 12.8. Thomas Research Products
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Portfolio
- 12.8.4. Strategic Initiatives
- 12.9. Cree Inc.
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Portfolio
- 12.9.4. Strategic Initiatives
- 12.10. RS Components Pty Ltd.
- 12.10.1. Company Overview
- 12.10.2. Financial Performance
- 12.10.3. Product Portfolio
- 12.10.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Light Engine Market By Product, 2020-2030, USD (Million)
- TABLE 2 Global Light Engine Market By Installation, 2020-2030, USD (Million)
- TABLE 3 Global Light Engine Market By End-Use Application, 2020-2030, USD (Million)
- TABLE 4 Global Light Engine Market By Indoor Lighting, 2020-2030, USD (Million)
- TABLE 5 Global Light Engine Market By Outdoor Lighting, 2020-2030, USD (Million)
- TABLE 6 North America Light Engine Market By Product, 2020-2030, USD (Million)
- TABLE 7 North America Light Engine Market By Installation, 2020-2030, USD (Million)
- TABLE 8 North America Light Engine Market By End-Use Application, 2020-2030, USD (Million)
- TABLE 9 North America Light Engine Market By Indoor Lighting, 2020-2030, USD (Million)
- TABLE 10 North America Light Engine Market By Outdoor Lighting, 2020-2030, USD (Million)
- TABLE 11 UK and European Union Light Engine Market By Product, 2020-2030, USD (Million)
- TABLE 12 UK and European Union Light Engine Market By Installation, 2020-2030, USD (Million)
- TABLE 13 UK and European Union Light Engine Market By End-Use Application, 2020-2030, USD (Million)
- TABLE 14 UK and European Union Light Engine Market By Indoor Lighting, 2020-2030, USD (Million)
- TABLE 15 UK and European Union Light Engine Market By Outdoor Lighting, 2020-2030, USD (Million)
- TABLE 16 Asia Pacific Light Engine Market By Product, 2020-2030, USD (Million)
- TABLE 17 Asia Pacific Light Engine Market By Installation, 2020-2030, USD (Million)
- TABLE 18 Asia Pacific Light Engine Market By End-Use Application, 2020-2030, USD (Million)
- TABLE 19 Asia Pacific Light Engine Market By Indoor Lighting, 2020-2030, USD (Million)
- TABLE 20 Asia Pacific Light Engine Market By Outdoor Lighting, 2020-2030, USD (Million)
- TABLE 21 Latin America Light Engine Market By Product, 2020-2030, USD (Million)
- TABLE 22 Latin America Light Engine Market By Installation, 2020-2030, USD (Million)
- TABLE 23 Latin America Light Engine Market By End-Use Application, 2020-2030, USD (Million)
- TABLE 24 Latin America Light Engine Market By Indoor Lighting, 2020-2030, USD (Million)
- TABLE 25 Latin America Light Engine Market By Outdoor Lighting, 2020-2030, USD (Million)
- TABLE 26 Middle East and Africa Light Engine Market By Product, 2020-2030, USD (Million)
- TABLE 27 Middle East and Africa Light Engine Market By Installation, 2020-2030, USD (Million)
- TABLE 28 Middle East and Africa Light Engine Market By End-Use Application, 2020-2030, USD (Million)
- TABLE 29 Middle East and Africa Light Engine Market By Indoor Lighting, 2020-2030, USD (Million)
- TABLE 30 Middle East and Africa Light Engine Market By Outdoor Lighting, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Light Engine Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Light Engine Market: Quality Assurance
- FIG. 5 Global Light Engine Market, By Product, 2021
- FIG. 6 Global Light Engine Market, By Installation, 2021
- FIG. 7 Global Light Engine Market, By End-Use Application, 2021
- FIG. 8 Global Light Engine Market, By Geography, 2021
- FIG. 9 Global Light Engine Market, By Product, 2021 Vs 2030, %
- FIG. 10 Global Light Engine Market, By Installation, 2021 Vs 2030, %
- FIG. 11 Global Light Engine Market, By End-Use Application, 2021 Vs 2030, %
- FIG. 12 U.S. Light Engine Market (US$ Million), 2020 - 2030
- FIG. 13 Canada Light Engine Market (US$ Million), 2020 - 2030
- FIG. 14 Rest of North America Light Engine Market (US$ Million), 2020 - 2030
- FIG. 15 UK Light Engine Market (US$ Million), 2020 - 2030
- FIG. 16 Germany Light Engine Market (US$ Million), 2020 - 2030
- FIG. 17 Spain Light Engine Market (US$ Million), 2020 - 2030
- FIG. 18 Italy Light Engine Market (US$ Million), 2020 - 2030
- FIG. 19 France Light Engine Market (US$ Million), 2020 - 2030
- FIG. 20 Rest of Europe Light Engine Market (US$ Million), 2020 - 2030
- FIG. 21 China Light Engine Market (US$ Million), 2020 - 2030
- FIG. 22 Japan Light Engine Market (US$ Million), 2020 - 2030
- FIG. 23 India Light Engine Market (US$ Million), 2020 - 2030
- FIG. 24 Australia Light Engine Market (US$ Million), 2020 - 2030
- FIG. 25 South Korea Light Engine Market (US$ Million), 2020 - 2030
- FIG. 26 Rest of Asia Light Engine Market (US$ Million), 2020 - 2030
- FIG. 27 Brazil Light Engine Market (US$ Million), 2020 - 2030
- FIG. 28 Mexico Light Engine Market (US$ Million), 2020 - 2030
- FIG. 29 Rest of Latin America Light Engine Market (US$ Million), 2020 - 2030
- FIG. 30 GCC Light Engine Market (US$ Million), 2020 - 2030
- FIG. 31 Africa Light Engine Market (US$ Million), 2020 - 2030
- FIG. 32 Rest of Middle East and Africa Light Engine Market (US$ Million), 2020 - 2030
