LED Lighting in Buildings 2014 to 2018

Market Research

Published: Q2 2014
Date:
Q2 2014
Pages:
172
Charts & Tables:
55
Category:
Smart Buildings
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The Business of LED Lighting in Smart Buildings 2014 to 2018

Now in it’s 2nd edition, this report is the new 2014 definitive resource for led lighting market research & investment analysis. Combining market sizing statistics with financial analysis of mergers, acquisitions and investments.


WHY YOU NEED THIS REPORT?
  • Gain insightful information about this industry for your strategic planning exercises; including revenue forecasts, market penetration forecasts, average sale price analysis and analysis of global, regional and sector specific trends.
  • Understand how technology is influencing this industries future and the effect it will have on your business and investments. What might the impact of smart lighting solutions be on this market?
  • Discover the valuations paid for LED Lighting companies. What is driving M&A and Investment in the Lighting Industry?
  • With each Report Purchase at ONLY $1,500 USD, Memoori offers a valuable 30 minutes of Telephone access with an Analyst. To be used within 3 months of purchase.

Memoori estimates that the revenue of the global LED Lighting market for buildings hit $8.1 billion at the end of 2013 and will rise to around $10.3 billion by the end of 2014. By 2018 the market will have grown still further to total almost $23 billion. This represents a compound annual growth rate (CAGR) in the overall market over this 6 year period of 22.8%. Beyond the time-frame of this report, revenue growth will slow as cost competition intensifies, with the size of the LED lighting market expected to level off around 2020.

The last 12 months have been an interesting time for those involved with the LED Lighting market, after years of hype surrounding the future around the potential of LED lighting for building applications, we are seeing the early days of full scale market implementation. Investor expectations have been high, but in several cases have not been achieved, and continued sluggish growth in global GDP has set back projections for market penetration.

The significantly longer lifespans of LED lighting products will, over the period to 2018 begin to erode the value of the replacement market for lighting. This in turn will lead to a reduction in revenue from sales of traditional replacement bulbs and leading suppliers in these markets will continue to diversify into LED fixtures and complete lighting solutions to compensate for the decline.


WITHIN ITS 172 PAGES AND 55 CHARTS AND TABLES, THE REPORT HIGHLIGHTS ALL THE KEY FACTS AND DRAWS CONCLUSIONS, SO YOU CAN UNDERSTAND WHAT IS SHAPING THE FUTURE OF THE LED LIGHTING MARKET IN BUILDINGS;
  • Lamp and luminaire prices have continued to decline, although perhaps not at a rate once predicted as suppliers attempt to protect margins and build brand value.
  • Cost reductions and product innovations have continued steadily, but without any ground-breaking revelations, the improvements have been more iterative.
  • Overcapacity concerns are easing as the global market grows, but this comes too late for many Chinese manufacturers with debt-laden balance sheets.
  • The major players have set out their strategic stalls and many are increasingly focusing on product portfolios dominated by LED Lamps and Luminaires.
  • 2013 sales of LED lighting fell below market expectations in many regions, but growth was still healthy, and restrictions to the sale of incandescents in the majority of developed markets will help spur growth moving forward.

WHAT OUR CLIENTS SAY…

We have found the 2013 report invaluable in both our internal strategy planning, and the development of realistic and justifiable business plan documents aimed at attracting external investment. It represents a thorough independent impartial assessment of the LED market across residential, commercial and industrial markets by geographical region. The information drawn from both trusted bodies and independent interviews provides sound logical supported data on which we at Illumis Lights have been able to draw on in our business development model for the short to medium term.

Kevin Bayes | CEO | Illumis Lights Ltd



Table of Contents
    • Introduction
    • Executive Summary
    1. 1. The Global Lighting Market for Buildings in 2014
      • 1.1 Market Sizing – Overall Building Lighting Market
      • 1.2 Market Segmentation
    2. 2. The LED Lighting Market for Buildings in 2014
      • 2.1 Overview of the LED Lighting Market
      • 2.2 The LED Lighting Supply Chain
      • 2.3 LED Lighting Market Penetration Forecasts to 2018
      • 2.4 LED Lighting Market Sizing Forecasts to 2018
      • 2.5 LED Lighting Market Analysis by Region (North America / Latin American / EU / Rest of Europe / China / Japan / India / Rest of Asia / Rest of the World)
      • 2.6 Sector Specific Analysis (Residential / Commercial / Industrial)
    3. 3. Market Drivers and Major Trends
      • 3.1 Market Drivers
      • 3.2 Regulatory & Taxation Drivers
      • 3.3 Market Barriers & Challenges
    4. 4. Emerging Technologies & Industry Innovations
      • 4.1 Smart Lighting & Lighting Controls
      • 4.2 OLED
      • 4.3 Alternative Substrates
      • 4.4 Phosphor Technologies
      • 4.5 Low Voltage AC LED
      • 4.6 Quantum Dot LEDs
      • 4.7 Visual Light Based Communications (Li-Fi)
      • 4.8 Potential Health & Wellbeing Impacts
    5. 5. The Competitive Landscape
      • 5.1 Strategies Shift in the Face of Changing Commercial Realities
      • 5.2 How IP has Shaped the Market
      • 5.3 The Status of Market Capacity
      • 5.4 Consolidation Continues as Value Moves Upstream
      • 5.5 Joint Ventures & Strategic Alliances
      • 5.6 Innovation will be Key to Survival
    6. 6. M&A Valuations & Performance Outlook
      • 6.1 M&A Performance to May 2014
      • 6.2 M&A Driver Analysis
      • 6.3 M&A Outlook to 2018
    7. 7. The Investment Market
      • 7.1 The Current State of the Investment Market
      • 7.2 Investors & Recipients
      • 7.3 Potential Merger & Acquisition Targets

Appendix
  • A 1 – Venture Capital Companies & Their LED Investments
  • A 2 – M&A and Investment in LED Companies in 2013 / 14
  • A 3 – Glossary of LED Terms

List of Charts and Figures
  • Fig 1.1 – Global Lighting Market for Lamps & Luminaires in Buildings 2013 – 2018 ($Bn)
  • Fig 1.2 – Global Buildings Lighting Market Size by Region 2014 ($ Bn / %)
  • Fig 1.3 – Global Buildings Lighting Market by Sector 2014 – % of Revenue
  • Fig 1.4 – Lighting Energy Consumption by Building Sector 2014
  • Fig 2.1 – High Brightness LED Sales by Application 2012 – 2018
  • Fig 2.2 – Global Lighting Market Penetration by Technology, % of Revenue
  • Fig 2.3 – LED Lighting Market Penetration by Region 2014 & 2018 (%)
  • Fig 2.4 – Global LED Lighting Market for Lamps and Luminaires in Buildings ($ Bn)
  • Fig 2.5 – Share of Global LED Lighting Market by Region 2014 – 2018 (%)
  • Fig 2.6 – North America LED Market Forecast 2014 to 2018
  • Fig 2.7 – Latin American LED Market Forecast 2014 to 2018
  • Fig 2.8 – EU LED Market Forecast 2014 to 2018
  • Fig 2.9 – Rest of Europe LED Market Forecast 2014 to 2018
  • Fig 2.10 – Chinese LED Market Forecast 2014 to 2018
  • Fig 2.11 – Japanese LED Market Forecast 2014 to 2018
  • Fig 2.12 – Indian LED Market Forecast 2014 to 2018
  • Fig 2.13 – Rest of Asia LED Market Forecast 2014 to 2018
  • Fig 2.14 – Rest of the World LED Market Forecast 2014 to 2018
  • Fig 2.15 – The Lighting Demand Characteristics of Different Sectors
  • Fig 2.16 – Lighting Revenue by Sector, Split by Region, % of Total
  • Fig 2.17 – Residential LED Lighting Market Size and Penetration by Region, $m %
  • Fig 2.18 – Commercial LED Lighting Market Size and Penetration by Region, $m %
  • Fig 2.19 – Industrial LED Lighting Market Size and Penetration by Region, $m %
  • Fig 3.1 – Projected Retail Price Track for LED vs CFL, Average Sale Price for 60W (800 Lumen) Equivalent Bulb 2010 – 2020
  • Fig 3.2 – Example 60W Replacement Bulb Cost Breakdown 2011 to 2015, % of Total Cost
  • Fig 3.3 – LED Package Efficacy Over Time – Lumens per Watt
  • Fig 3.4 – Lighting Output Performance of a Sample of Currently Available LED Lighting Products by Type
  • Fig 3.5 – Efficacy Range of Various Lighting Types
  • Fig 3.6 – The Correlation between GDP per Capita and Lighting Demand
  • Fig 3.7 – Annual Lighting Electricity Consumption per Capita (KWH)
  • Fig 3.8 – Annual Lighting Costs per Capita – Selected Countries
  • Fig 5.1 – Major LED Patent Agreements and Disputes
  • Fig 6.1 – LED Deals Completed from 2008 to 2014
  • Fig 6.2 – LED Deals by Primary Driver – 2008 to April 2014 (Number of Deals)
  • Fig 6.3 – LED Deals Forecast to 2018
  • Fig 7.1 – Private Equity and Venture Capital Investments – 2008 to 2014

List of Tables
  • Table 1.1 – Installed Lamps and Energy Consumption of Lighting in Selected Regions
  • Table 2.1 – The LED Lighting Supply Chain
  • Table 2.2 – Commercial Sector Penetration
  • Table 3.1 – Lumen Output Requirements at the Package and Lamp Level
  • Table 3.2 – Comparative Performance of LED versus Competing Technologies
  • Table 3.3 – Projected Construction Investments by Region
  • Table 3.4 – Incandescent Ban Timetables
  • Table 3.5 – Country Specific Legislation, Support and Development Programs
  • Table 3.6 – Standards, Certification and Labeling Programs
  • Table 3.7 – Technical Challenges
  • Table 4.1 – Substrate Comparison
  • Table 5.1 – Relative Market Positioning of Various National Players
  • Table 5.2 – Percentage of Revenue Generated from LEDs
  • Table 6.1 – Major Market Investors 2008 to May 2014
  • Table 7.1 – Leading VC Investments and Investors
  • Table 7.2 – Potential Merger & Acquisition Targets

Companies Mentioned Include

Acuity Brands / Adura Technologies / Affineon Digital Lighting / Aixtron / Aleida / Aluwave AB / BridgeLux / ByteLight / Catalina Lighting / Cooledge Lighting / Cordel / CREE / D.Light / Dialight / Digital Lumens / Diogen Lighting, Inc / Eco Sense Lighting / EldoLED / Encari LLC / Enlighted / Exclara / Firefly LED Lighting / GE / Glo AB / Hansung Elcomtec Co. Ltd / Hoffmeister Leuchten GmbH / IES LED Lighting / Intematix / iSotera / JCC Advanced Lighting / Ledzworld / Lemnis Lighting / Lighting Science Group / Lucibel / Lumastream / LUMEnergi / Lumenpulse / Luminator Technology / Luminus Devices / Luxim / Nanjing Hadson / Nanoco / Neo-Neon Holdings / NEOLUX SARL / Nordlux / Novaled / Nualight / Nuventix / Oligo Lichttechnik GmbH / OnTopx LED GmbH / Optogan Oy / OSRAM / Pacific Light Technologies / Philips / Redwood Systems / Relume Technologies / Revolution Lighting / Sapphire Technology / SemiLEDS / Seoul Semiconductor / Shenghui Lighting / Smart Electronic Lighting Controllers (SELC) / Solais Lighting / Soraa / SunSun Lighting / Switch Lighting / Techni-Lite Systems / TerraLux / Thermal Technology LLC / TowerLight / Veeco Instruments

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