Global Market Study on Architectural LED Products: Wall Washing & Cove Lighting Applications to Witness Fastest Growth in the Next Few Years


Architectural Led Products  Market
  • Published On : Mar-2018 |
  • Pages : 180 Pages |
  • Format :

Global Architectural LED Products Market: Overview

This report on the global architectural LED products market is a thorough study on how the demand has evolved in the recent past and where it is headed during a foreseeable future. This market research report provides analysis for the period 2013 to 2021, wherein the period from 2017 to 2021 is the forecast and 2016 is the base year. The report covers all the major trends and technologies playing influential role in the market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to impact the market’s growth during the said period. The study provides a complete perspective on global architectural LED products market evolution throughout the above mentioned forecast period in terms of revenue.

The market overview section of the report demonstrates the market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future status of this market, key indicators and trends. An attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the architectural LED products market. Moreover, the report provides an overview of various strategies adopted by the key players present in the market. Key market indicators included in the report provide significance of the factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period.

Global Architectural LED Products Market: Key Research Aspects

This report provides all the essential information required to understand the key developments in the architectural LED products market, growth trend of each segment and companies’ strategies to efficiently compete in the market. Also, the report provides insights related to trends and its impact on the market. Furthermore, Porter’s Five Forces analysis explains the factors which are currently affecting the architectural LED products market. This report also provides the ecosystem analysis for the architectural LED products market which explains the participants of the value chain.

Market profiting: in-depth secondary research is used to determine top industry players, products, application, overall market size, industry connotations, identify distributors, and software developers. Formulating discussion guide: in order to conduct industry expert interviews, the report has formulated detailed discussion guide. Developing list of respondents including manufacturers and industry specialists, distributors, and retailers.

Based on product type, the report has segmented the global architectural LED products market into solar and conventional, which is further sub-segmented into lamps and strip and linear. Application-wise, the market has been bifurcated into wall washing, in ground, cove lighting, backlight, and other applications. The market for architectural LED products has also been categorized on the basis of end user into residential and commercial, which is further divided into retail, banking, financial services, and insurance (BFSI), IT and telecommunication, healthcare, media and entertainment, and others.

Global Architectural LED Products Market: Forecasts

Yearly change in inflation rate has not been considered while forecasting market numbers. Top-down approach has been used to assess market numbers for each product category. Bottom-up approach has been used to counter-validate the reached numbers and end-use application-wise market numbers. Macro-economic indicators such as GDP, wholesale & retail trade, merchandise trade, and prices have been considered to arrive at the indicated market numbers.

Currency: All the indicated denominations are in US$ (US Dollar). Source: Company Annual & Financial Reports

Evolution of the Architectural LED Products Market

Since the first ever industrially-produced LED in the visible wavelength spectrum, developed by Nick Holonyak in 1962, the technology has evolved leaps and bounds in past few decades and now it is quite affordable for larger masses. LED lights offer efficient performance, long life span, and utilizes only a fraction of energy as compared to conventional incandescent bulbs. Additionally, LED lighting fixtures emit nearly 90% lesser heat than its predecessor and hence, the adoption is increasing. The analysts of this business intelligence study have detected with the influx of Chinese manufacturers, the prices of LED products have decreased 25% and 20% in the years 2013 and 2014 respectively. And the pattern is expected to continue on the back of ongoing technological innovations. If the projections of this market research report are to be believed, the demand in the global architectural LED products market will expand at a CAGR of 17.3% during the forecast period of 2017 to 2021. Revenue-wise, the market is poised to reach a valuation of US$10,751.1 mn by 2021.

As per the study, some of the key factors that will drive the demand in the global architectural LED products market are: radical rate of infrastructural development in a number of emerging economies, government initiatives and regulations to promote the usage of products that are energy efficient, and growing awareness among consumers regarding long life-span and other benefits of these products. On the other hand, substantial initial cost and increasing consumer inclination towards other lighting technology products are a few restraints hindering the prosperity of the architectural LED products market. Nevertheless, the lead analyst suggests that tie-ups with construction companies and real estate builders will provide for chunk of opportunities in the near future.

Conventional Products Maintaining Strongest Demand

On the basis of product type, the architectural LED products market has been segmented into solar products and conventional products, which has been further bifurcated into strips and linear and lamps. Among these, the conventional products segment currently provide for more than 90% of the overall demand and is expected to retain its dominance throughout the forecast period of 2017 to 2021. However, despite being costly in terms of installation, solar products are gaining traction as they are more in sync with global bid for energy conservation and offer long-term benefits. The demand for the solar products segment is primed to expand at a better growth rate than the conventional ones.

Wall Washing to Remain Primary Application Segment Until 2021

Based on application, the market for architectural LED products has been classified into cove lighting, wall washing, in-ground, and others. In 2017, the wall washing segment provided a revenue of US$2,234.7 mn in 2017 and is projected to be worth US$4,320.4 mn by the end of 2021. Cove lighting is the second most in-demand application segment, promising to generate a revenue of US$3,187.0 mn by 2021. The market has also been categorized on the basis of end users, into residential and commercial, which has been further divided into retail, media and entertainment, banking, financial services, and insurance (BFSI), IT and telecommunication, healthcare, and others.

global architectural led products market

APAC Architectural LED Products Market to Exceed US$ 5.0 Bn by 2021

Geographically, Asia Pacific is the most profitable region by a considerable margin. As per the projections of this architectural LED products market report, Asia Pacific will constitute for a demand that will be worth US$5,857.9 mn by 2021. Representing more than half of the total demand, the Asia Pacific architectural LED products market has been projected to expand at an above-average CAGR of 20.8% during the forecast period of 2017 to 2021.

Company Profiles

  • 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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