Market Research Report
Global LED General Lighting Market Forecast 2017-2027
|Published by||ElectroniCast||Product code||647413|
|Published||Content info||214 Pages
|Global LED General Lighting Market Forecast 2017-2027|
|Published: June 4, 2018||Content info: 214 Pages||
10-Year Market Forecast
This report provides estimates and forecasts, based on market research study work performed by ElectroniCast Consultants.
General Lighting Definition - lighting that is used to provide the main illumination of an area. The ElectroniCast definition of General Lighting also includes directional and supplementary lighting.
The LED-based lighting covered in this study is used in fixtures in stationary/fixed locations (non-vehicle or non-portable) General Lighting applications; the lighting (lamps and PCB/printed circuit boards with driver), which are used in new fixtures or retrofitting/ replacement of existing (installed-based) lighting.
The study process by ElectroniCast Consultants considers the following points:
LED Level Quantified in the ElectroniCast Study Below, are four levels (or "food chain") pertaining to the LED marketplace. For the purposes of this ElectroniCast study, we quantify and provide a market forecast for "Level 3"
Market Forecast, by Product Type
This market forecast is presented for eight (8) major product categories.
Total Consumption: LED Lighting at Summary-Level
The global consumption value of specified LED lamps used in General Lighting, reached an estimated $23.15 billion in 2017. The consumption value of General Lighting LED Lamps is forecasted to increase to $30.81 billion in 2022, and eventually reaching $36.34 billion in 2027. Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
Market Forecast, By Region The market data estimates and forecasts are segmented into the following county/other counties; separate data-sheets are provided for the following:
Market Forecast, By Function This report provides the 2017-2027 market data review estimate and forecast by the following functions:
The consumption (use) value is determined by multiplying the number of lighting units by the average selling price (ASP) in US Dollars. The estimated average selling prices are not retail prices; the prices are based on the price of the LED product at the initial factory level. These are the original manufacturer's ("factory") prices invoiced to the first (original) customer, or transfer prices for internal (captive) production.
Market Research Methodology
Market analysis and technology forecasting are complex tasks. Any predictions of the shape and trends of technology and economic movement start from the notion that the germ of what will be important tomorrow is present, although smaller or larger or in a different form, in our environment today. However, taking as a basis for a prediction the assumptions of current, conventional belief creates a set of preconceived notions that can lead to serious mistakes. ElectroniCast, instead, looks to the basic driving forces.
During the market research process, ElectroniCast analysts performed interviews with selected authoritative and representative individuals in the LED and lighting industry, plus - R&D and factory/manufacturing, from the standpoint of both suppliers and users of LED and lighting illumination products. The interviews were conducted principally with:
The interviews covered issues of technology, R&D support, pricing, contract size, reliability, documentation, installation/maintenance crafts, standards, supplier competition and other topics.