Smart Buildings

The World Market for LED Lighting in Buildings will Reach $25.4 Billion by 2017, Predicts Memoori Research

Memoori publishes a new report on the global market for LED Lighting in Buildings, bringing together market sizing data, investment data and all the factors that influence the industries future. We predict that revenue from the global LED lighting market for buildings will rise from $9.46 billion in 2013 to a total of $25.4 billion by 2017. This represents a compound annual growth rate (CAGR) in the overall market of 22%, over the 5 year period. The global shape of the LED lighting market will stay broadly the same over the next 5 years, with the EU, North America, Japan and China still taking up the largest proportion of LED revenues. Growth in India will be the highest at approximately 31% CAGR, but from a very low base, and penetration rates there are likely to remain relative low. The rest of Asia (with the exception of Japan) will experience growth of around 24% due to […]

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Memoori publishes a new report on the global market for LED Lighting in Buildings, bringing together market sizing data, investment data and all the factors that influence the industries future.

We predict that revenue from the global LED lighting market for buildings will rise from $9.46 billion in 2013 to a total of $25.4 billion by 2017. This represents a compound annual growth rate (CAGR) in the overall market of 22%, over the 5 year period.

The global shape of the LED lighting market will stay broadly the same over the next 5 years, with the EU, North America, Japan and China still taking up the largest proportion of LED revenues. Growth in India will be the highest at approximately 31% CAGR, but from a very low base, and penetration rates there are likely to remain relative low. The rest of Asia (with the exception of Japan) will experience growth of around 24% due to positive legislation, new construction, and government incentives.

Fig_2.17

Market Consolidation Gathers Pace

Many global lighting product sectors remain highly fragmented. This is likely to change over the next few years. Memoori predicts that the continued drive for improved lighting performance and lower costs should drive continued vertical integration in the market particularly downstream in the value chain. With more building controls companies eyeing the market, and acquisitions of lighting controls companies by LED lamp and luminaire manufacturers likely to continue. The prospect of mega acquisition deals that further consolidate the market are also not off the table looking forward to 2017; be they for access to unique LED technology IP or for access to customer base and distribution channels.

About the Report

At 186 pages with 53 charts and tables, The Business of LED Lighting in Buildings 2013 to 2017 report filters out important conclusions, supported with facts, as to what is shaping the future of the LED lighting industry. You can learn more at the reports website; http://memoori.com/portfolio/led-lighting-in-buildings-2013-to-2017/

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