Global Market Study on Architectural LED Products: Driven by Price Commoditization and Significant Growth in Enhanced Performance


  • Published On : Dec-2015 |
  • Pages : 180 Pages |
  • Format :

Architectural LED lights are used for illuminating monuments, museums, building structures, and bridges with the artistic integration of light source. Architectural LED lighting is implemented at indoor and outdoor places for decorative purpose.

To understand and assess the opportunities in this market, the report is categorically split into four sections, namely, market analysis by product type, application, end-user and region. This report covers the global architectural LED products market performance in terms of value and volume contribution. The report includes key trends, drivers, restraints and opportunities guiding the growth of the global architectural LED products market. Impact analysis of key growth drivers and restraints, based on the weighted average model, is included in this report to better equip clients with crystal clear decision-making insights.

The report starts with an overview of the global architectural LED products market and usage of these services in various applications across the globe. In the same section, PMR covers the global architectural LED products market performance in terms of both value and volume.

The Architectural LED products market is segmented as follows:

  • By Product Type
  • By Application
  • By End-users
  • By Region

On the basis of products type, the market is segmented as:

  • Solar
  • Conventional

Of these, the conventional products accounted for highest share in terms of value and volume of the overall architectural LED products market in 2014. The architectural LED products market is mainly driven by factors such as government regulations promoting the use of energy-efficient products. Additionally, continuous decrease in the prices of LED products is further driving its adoption in the price-sensitive region such as Asia Pacific. Conventional products segment is further classified as Strip & linear products and lamps.

The report also comprises a section that analyzes the market on the basis of applications and provides the market size in terms of value and volume for the forecast period.

On the basis of applications, the market is segmented as follows:

  • Cove Lighting
  • Wall washing
  • In ground
  • Backlight
  • Others (Specialty Lighting)

Of the above-mentioned segments, in terms of value and volume, the wall washing segment is expected to register the highest CAGR during the forecast period. Leading market participants are investing heavily in R&D activities in order to innovate new advance architectural LED lighting products solutions that would cater to the demand of distinct product across various regions. For instance, in June 2014, OSRAM SYLVANIA Inc. launched OSRAM RLD6, a six-inch LED architectural downlight, at the LIGHTFAIR International 2014 - an annual architectural and commercial lighting trade show and conference, held in Las Vegas, U.S.

The report also analyses market on the basis of end users and provides the market size in terms of value and volume for the forecast period.

On the basis of end users, the market is segmented as follows:

  • Residential
  • Commercial

Of the above-mentioned segments, the commercial segment is expected to expand at the highest CAGR during the forecast period, in terms of value and volume both. The commercial segment is further segmented as retail, it & telecom, BFSI, media & entertainment, healthcare and others (government offices, museums, educational institutes and place of worship).

Among the commercial sectors, the others sub-segment (government offices, museums, educational institutes, and place of worship) is anticipated to dominate the market with highest market share by 2021 end, in terms of both value and volume.

The report also analyzes the market across various geographies and provides the market size in terms of value and volume for the forecast period: 2015-2021

Regions covered in the report are as follows:

  • North America
  • Asia Pacific
  • Europe
  • The Middle East & Africa
  • Latin America

Of the aforementioned segments, in terms of value, the Asia-Pacific market is expected to register the highest CAGR during the forecast period and is expected to remain largest market share, out of the total architectural LED products market by 2021.

The architectural LED products market globally has experienced a significant growth due to the surging demand for more efficient lighting, displays and fixtures in the residential and commercial places along with the rising awareness among people for energy conservation. The architectural LED products market is classified into products type, application type and end-user type. Construction of buildings involving energy conservation techniques for lighting; and retrofitting the existing buildings with energy efficient LED bulbs and lamps is boosting the demand for the architectural LED lighting fixtures globally.

In terms of value, the global architectural LED products market is anticipated to expand at a CAGR of 17.9% during the period 2015-2021 to reach US$ 10,751.1 Mn by 2021. The global architectural LED products market was valued at US$ 3,421.2 Mn in 2014. In terms of volume, the global architectural LED products market accounted for 25.5 million units in 2014. National Government in countries such as the U.S., China, Thailand and Brazil have introduced regulations mandating LED bulbs and fixtures manufacturers to comply with minimum standards for lighting products efficiency. Additionally, a government in these regions have banned the adoption of incandescent lighting products with an aim to improve energy efficiency and reduce CO2 emissions. This has encouraged the construction companies to deploy LED lighting systems complying these regulations which in turn driving the growth of the architectural LED products market.

In terms of value, the conventional LED segment was valued at US$ 3,209.1 Mn in 2014 and is expected to create US$ 3,746.0 Mn by the end of 2015. Architecture LED fixtures such as LED strip & linear products and lamps are expected to drive the market growth of conventional products segment during the forecast period.

In terms of volume, the conventional products dominated the overall architectural LED products market and are anticipated to continue dominating the overall architectural LED products market by the end of 2021.

In terms of value, wall washing applications segment was valued at US$ 1,325.7 Mn in 2014 and is expected to reach US$ 1,557.1 Mn by the end of 2015. Wall washing application segment is projected to expand further as the demand for lighting systems used for illumination of large surfaces such as public cultural buildings, contemporary architecture and museums expected to grow in the foreseeable future. This segment is analyzed to expand at a CAGR of 18.5% during the forecast period. In terms of volume, the wall washing application segment is expected to dominate the overall architectural LED products market by the end of 2021, followed by cove lighting segment.

On the basis of end user industry, commercial segment occupied 76.9% market share in 2014 and is expected to account for 77.3% of the total architectural LED products market by the end of 2015.

The report on the global architectural LED products market profiles some of the key players including Cooper Industries PLC (Eaton Corporation), Philips Lumileds Lighting Company, Osram Licht AG, Epistar Corporation, Cree, Inc., Verbatim Ltd., GE Lighting Solutions, Samsung Electronics Co., Ltd., Toshiba Lighting & Technology Corporation, and Galaxia Electronics Co. Ltd.

architectural-led-products-market

Some of the key players including Cooper Industries:

  • PLC (Eaton Corporation).
  • Philips Lumileds Lighting Company.
  • Osram Licht AG.
  • Epistar Corporation.
  • Cree, Inc.
  • Verbatim Ltd.
  • GE Lighting Solutions.
  • Samsung Electronics Co., Ltd.
  • Toshiba Lighting & Technology Corporation.
  • Galaxia Electronics Co. Ltd.
  • Other.

 

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