Global Lighting Market – Lamps and LEDs Industry to 2016

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					World Lighting: Lamps & LEDs to 2016

World demand to rise 12.3% annually through 2016

World demand for lighting is projected to grow 12.3 percent yearly through 2016 to $78.3
billion. Gains will be boosted by an ongoing shift to higher value lighting technologies that are
more efficient, particularly as many countries phase out general use incandescent lamps. The
rising availability of light-emitting diodes (LEDs) and other high efficiency light sources at more
affordable prices, along with improved light quality, will further propel this shift. Product sales
will also be driven in part by an acceleration in factors such as personal income, economic
activity, global motor vehicle output, and construction spending.

LED lighting devices to dominate future gains

LED (or solid-state) lighting devices will record by far the fastest global market gains of any
major product segment through 2016. Historically, demand for LEDs used in lighting
applications has been restrained by both high product prices and technical deficiencies in the
quality and diffusion of light. However, the rapid rate of technological advances is dramatically
improving their performance capabilities and resulting in substantial reductions in cost, leading
to LED use in a growing number of lighting applications. Sales of fluorescent lamps will continue
to grow, spurred in the near term by government-led efforts to phase out usage of energy-
inefficient general service conventional incandescent lamps in many areas. While compact
fluorescent lamps (CFLs) have generally been the replacement product of choice, sales are
expected to be more limited going forward partly due to rising concern for safe disposal of
spent CFLs (which is complicated by the incorporation of mercury into the lamps) and
competition from LEDs which are benefitting from reduced prices and improved performance.

China & other developing countries to lead gains

Market gains in developing countries will outpace electric lighting sales in the US, Western
Europe and Japan, spurred by healthy economic growth, ongoing industrialization efforts,
greater manufacturing output, new household formation activity, and rising standards of living.
China will account for 49 percent of all additional product demand through 2016, strengthening
its position as the largest national market for lamps and LEDs. Above average growth is also
expected in Russia, Mexico, and Brazil. Sales of lighting in many of these developing areas will
be assisted by subsidies for consumer purchases of high efficiency lighting, sometimes with
support from international organizations, as utilities seek to reduce load on local energy grids
or benefit from carbon reduction credits.

Poland and other parts of Eastern Europe will post similar sales gains as economic conditions
improve. Canada will also generate robust sales as the country will be slower to require high
efficiency lighting compared to other developed countries. Although sales advances will not be
as strong in most other developed areas, lighting product sales will climb there as well through
2016, bolstered by a strong upturn in motor vehicle production and construction activity from
reduced 2011 levels, coupled with interest in changing to more efficient light sources.

Company Profiles

Profiles for 38 global competitors such as Cree, GE, Havells India, LG Electronics, NVC Lighting,
Royal Philips Electronics, Siemens, and Ushio

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Published: February 2013
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Additional Information

This study analyzes the world market for lighting, which includes lamps (or light bulbs) and
competing light-emitting diode (LED) devices used to illuminate spaces. Major product
categories include fluorescent (compact and other) lamps, incandescent (both conventional
general lighting service types and halogen) lamps, LED lighting devices, and high intensity
discharge and other lamps. The major lighting markets are buildings (i.e., residential and
nonresidential buildings), outdoor (e.g., streets, parks and other exterior spaces), motor
vehicles, and other manufactured goods (e.g., flashlights, holiday lights, and other durable
goods).

The scope of this study is limited to those products competing in the traditional lighting market.
LEDs used in back light unit (BLU) applications (e.g., mobile phones, remote controls,
televisions, and other displays) where traditional electric lighting products do not compete are
not included here. Additionally, lighting fixtures are not included in this study.

Historical data (2001, 2006, and 2011) and forecasts to 2016 and 2021 are provided on a
country-by-country basis for lighting demand (by product type and market), net exports and
shipments, valued in millions of current US dollars, including inflation. The term “demand”
actually refers to “apparent consumption” and is defined as shipments (also referred to as
“output,” “production,” or “supply”) from a nation’s indigenous electric lighting manufacturing
facilities plus imports minus exports. “Demand” is used interchangeably with the terms
“market,” “sales,” and “consumption.”

In addition, major manufacturers of lamps and LEDs are identified and profiled, and the key
competitive variables are discussed. The entire report is framed within the global lighting
industry’s economic, technological, and market environments. World lighting market share data
by company presented in the “Industry Structure” section are estimated based on consultation
with multiple sources. Tabular details may not always add to totals due to rounding.

Data on global lighting supply and demand are derived from differing sources and developed
from statistical relationships. As a result, variations are commonplace in this type of
international reporting, and statistics presented in this study are historically consistent but may
differ from other sources. Variances may occur because of definitional differences,
undistributed exports, inventory accumulation and goods-in-transit. To reduce the impact of
such discrepancies, total world electric lighting product imports and exports have been
assumed to balance in any given year.

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Description: World demand for lighting is projected to grow 12.3 percent yearly through 2016 to $78.3 billion. Gains will be boosted by an ongoing shift to higher value lighting technologies that are more efficient, particularly as many countries phase out general use incandescent lamps.