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Press Release:
LED Bulb Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
The global LED bulb market reached a value of US$ 5 Billion in 2017. The market is further projected to reach around US$ 9 Billion by 2023, expanding at a CAGR of more than 11% during the year 2018-2023. LED (light emitting diode) bulb refers to an electric lamp comprising of numerous clusters of LEDs which are mounted on a base. In contrast with the conventional lighting sources, such as incandescent and fluorescent lights, LED bulbs are associated with innumerable advantages which include a compact size, longer lifespan, lower energy consumption and production of less heat output. Additionally, these bulbs are available in different watts, colours, shapes and dimmable control. On account of this, LED bulbs are being commonly used in the industrial, commercial and residential sectors worldwide.
Global LED Bulbs Market Drivers:
- Currently, power consumption has been witnessing an increase across the world. The high rate of power consumption can be attributed to a rise in population worldwide, steep subsidies for electrical power by several countries and limited attempts to rationalise the consumption. Mounting consumption of electricity, however, has not been supplemented by adequate electricity production which is leading to a power crisis. Owing to this, there is a strong demand for energy-efficient products such as LED bulbs.
- Manufacturers are undertaking unique marketing initiatives through various advertising mediums such as newspaper, television, etc. so as to expand their consumer-base. In addition to this, constant encouragement by government and other regulatory bodies, coupled with rising product awareness amongst the population is anticipated to impel the market growth.
- Over the past few years, there has been a growing trend of promoting environmental protection and energy conservation. For instance, governments in some of the markets, such as China, India, etc., have been encouraging the use of LED lights in their respective countries. As a result, LED bulbs have emerged as one of the major energy-efficient lighting solutions which is envisaged to drive the market forward in the coming years.
- LED bulbs are widely used in automotive, general lighting, mobile devices, signal and signage, healthcare, forensic, street lighting and academics. On account of rapid urbanisation and industrialisation in the developing countries, we expect the demand for LED bulbs to increase across various end-use industries in the long run.
Breakup by Application:
Based on application, the market is segregated as retrofit, retail and hospitality, outdoor, offices, architectural, residential and industrial. Amongst these, retrofit represents the biggest application of LED bulbs as it has been swiftly replacing the conventional lighting system.
Regional Insights:
On a geographical front, India enjoys the leading position in the global LED bulbs market. This is due to an increase in the local manufacturing of LED products in the country. India is followed by China, Europe, United States, Japan, Brazil, Russia and Others.
Competitive Landscape:
The LED bulb market is concentrated in nature with the presence of a few manufacturers who account for the majority of the market share. There prevails a tough competition in the market as these manufacturers are dominating the market, in turn, keeping a tight control over the prices of LED bulbs. Some of the leading players operating in the market are:
- Nichia
- Osram
- Samsung Electronics
- Everlight Electronics
This report provides a deep insight into the global LED bulb industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a LED bulb manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the LED bulb industry in any manner.
Key Questions Answered in This Report:
- How has the global LED bulb market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global LED bulb industry?
- What are the major application segments in the global LED bulb industry?
- What are the various stages in the value chain of the global LED bulb industry?
- What are the key driving factors and challenges in the global LED bulb industry?
- What is the structure of the global LED bulb industry and who are the key players?
- What is the degree of competition in the global LED bulb industry?
- What are the profit margins in the global LED bulb industry?
- What are the key requirements for setting up a LED bulb manufacturing plant?
- How are LED bulbs manufactured?
- What are the various unit operations involved in a LED bulb manufacturing plant?
- What is the total size of land required for setting up a LED bulb manufacturing plant?
- What are the machinery requirements for setting up a LED bulb manufacturing plant?
- What are the raw material requirements for setting up a LED bulb manufacturing plant?
- What are the packaging requirements for LED bulb?
- What are the transportation requirements for LED bulb?
- What are the utility requirements for setting up a LED bulb manufacturing plant?
- What are the manpower requirements for setting up a LED bulb manufacturing plant?
- What are the infrastructure costs for setting up a LED bulb manufacturing plant?
- What are the capital costs for setting up a LED bulb manufacturing plant?
- What are the operating costs for setting up a LED bulb manufacturing plant?
- What will be the income and expenditures for a LED bulb manufacturing plant?
- What is the time required to break-even?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global LED Lighting Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 LED Bulb Market
5.4 Market Breakup by Region
5.5 Market Breakup by Application
5.6 Market by LED Products: LED Lamps, Modules and Fixtures
5.6.1 Current and Historical Market Trends
5.6.2 Market Forecast
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Strengths
5.8.2 Weaknesses
5.8.3 Opportunities
5.8.4 Threats
5.9 Value Chain Analysis
5.10 Porter’s Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Key Success and Risk Factors for LED Bulb Manufacturers
5.12 Comparative Analysis of CFL and LED
6. Performance of Key Regions
6.1 India
6.2 China
6.3 Europe
6.4 United States
6.5 Japan
6.6 Brazil
6.7 Russia
6.8 Others
7 Market by Application
7.1 Retrofit
7.2 Retail & Hospitality
7.3 Outdoor
7.4 Offices
7.5 Architectural
7.6 Residential
7.7 Industrial
8 Competitive Landscape
8.1 Market Structure
8.2 Market breakup by Key Players
9 LED Bulb Manufacturing Process
9.1 Product Overview and Specifications
9.2 Key Features and Advantages
9.3 Key Application Areas
9.3.1 Home
9.3.2 Offices
9.3.3 Hotel and Restaurants
9.3.4 Showrooms and Malls
9.3.5 Hospitals
9.4 Popular Shapes and Sizes
9.4.1 LED Bulb (Classic Globe)
9.4.2 LED Bulb (Mini Globe)
9.4.3 LED Bulb (Spot Light)
9.4.4 LED Bulb (Flame Tip)
9.4.5 LED Bulb (Deco Light)
9.4.6 LED Bulb (Candle Light)
9.5 Design Material Alternatives
9.5.1 Thermoplastic Housing
9.5.2 Aluminium Housing
9.5.3 Aluminium Housing with Plastic Coating
9.6 Manufacturing Process
9.7 Raw Material Requirements
9.8 Raw Material Pictures
10 Project Details, Requirements and Costs Involved
10.1 Land Requirements and Expenditures
10.2 Construction Requirements and Expenditures
10.3 Plant Machinery
10.4 Machinery Pictures
10.5 Raw Material Requirements and Expenditures
10.6 Raw Material and Final Product Pictures
10.7 Packaging Requirements and Expenditures
10.8 Transportation Requirements and Expenditures
10.9 Utility Requirements and Expenditures
10.10 Manpower Requirements and Expenditures
10.11 Other Capital Investments
11 Loans and Financial Assistance
12 Project Economics
12.1 Capital Cost of the Project
12.2 Techno-Economic Parameters
12.3 Product Pricing and Margins Across Various Levels of the Supply Chain
12.4 Taxation and Depreciation
12.5 Income Projections
12.6 Expenditure Projections
12.7 Financial Analysis
12.8 Profit Analysis
13 Key Player Profiles
List of Figures
Figure 1: Global: Lighting Industry Overview
Figure 2: Global: LED Lighting Market: Volume Trends (in Billion Units), 2010-2017
Figure 3: Global: LED Lighting Market: Value Trends (in Billion US$), 2010 - 2017
Figure 4: Global: LED Bulb Market: Sales Value (in US$ Billion), 2010-2017
Figure 5: Global: LED Bulb Market Forecast: Sales Value (in US$ Billion), 2018-2023
Figure 6: Global: LED Lighting Market: Breakup by Region (in %), 2017
Figure 7: Global: LED Lighting Market: Breakup by Application (in %), 2017
Figure 8: Global: LED Lamps and Modules Market: Sales Volume (in Million Units), 2010-2017
Figure 9: Global: LED Fixtures Market: Sales Volume (in Million Units), 2010-2017
Figure 10: Global: LED Lamps and Modules Market Forecast: Sales Volume (in Million Units), 2018-2023
Figure 11: Global: LED Fixtures Market Forecast: Sales Volume (in Million Units), 2018-2023
Figure 12: Global: LED Lighting Market Forecast: Volume Trends (in Billion Units), 2018-2023
Figure 13: Global: LED Lighting Market Forecast: Value Trends (in Billion US$), 2018-2023
Figure 14: Global: LED Lighting Industry: SWOT Analysis
Figure 15: Global: LED Lighting Industry: Value Chain Analysis
Figure 16: Global: LED Lighting Industry: Porter’s Five Forces Analysis
Figure 17: India: LED Lighting Market (in Million US$), 2010, 2017 & 2023
Figure 18: China: LED Lighting Market (in Million US$). 2010, 2017 & 2023
Figure 19: Europe: LED Lighting Market (in Million US$), 2010, 2017 & 2023
Figure 20: United States: LED Lighting Market (in Million US$), 2010, 2017 & 2023
Figure 21: Japan: LED Lighting Market (in Million US$), 2010, 2017 & 2023
Figure 22: Brazil: LED Lighting Market (in Million US$), 2010, 2017 & 2023
Figure 23: Russia: LED Lighting Market (in Million US$), 2010, 2017 & 2023
Figure 24: Global: LED Lighting Market: Retrofit Market (in Million US$), 2010 & 2017
Figure 25: Global: LED Lighting Market: Retail and Hospitality Market (in Million US$), 2010 & 2017
Figure 26: Global: LED Lighting Market: Outdoor Market (in Million US$), 2010 & 2017
Figure 27: Global: LED Lighting Market: Offices Market (in Million US$), 2010 & 2017
Figure 28: Global: LED Lighting Market: Architectural and Hospitality Market (in Million US$), 2010 & 2017
Figure 29: Global: LED Lighting Market: Residential Market (in Million US$), 2010 & 2017
Figure 30: Global: LED Lighting Market: Industrial Market (in Million US$), 2010 & 2017
Figure 31: Global: LED Lighting Market: Key Players Market Share (in %), 2017
Figure 32: LED Bulb Manufacturing Plant: Various Types of Operation Involved
Figure 33: LED Bulb Manufacturing Plant: Conversion Rate of Products
Figure 34: LED Bulb Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 35: LED Bulb Manufacturing Industry: Profit Margins at Various Levels of the Supply Chain
Figure 36: LED Bulb Manufacturing Plant: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: Global: LED Lighting Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: LED Lighting Market Forecast: Breakup by Region, 2018-2023
Table 3: Global: LED Lighting Market Forecast: Breakup by Application, 2018-2023
Table 4: Comparison of LEDs with Compact Fluorescent Lamps (Based on Energy Efficiency and Environmental Impact)
Table 5: Comparison of LEDs and Compact Fluorescent Lamps (Based on Luminous Flux)
Table 6: LED Bulb Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 7: LED Bulb Manufacturing Costs Related to Land and Site Development (in US$)
Table 8: LED Bulb Manufacturing Costs Related to Civil Works (in US$)
Table 9: LED Bulb Manufacturing Costs Related to Machinery (in US$)
Table 10: Raw Material Requirements
Table 11: Outer Packaging Requirements and Expenditure
Table 12: Inner Packaging Requirements and Expenditure
Table 13: Transportation Expenditure (in US$/Unit of Light)
Table 14: Costs Related to Utilities (in US$)
Table 15: Costs Related to Salaries and Wages (in US$)
Table 16: Costs Related to Other Capital Investments (in US$)
Table 17: Details of Financial Assistance Offered by Financial Institutions
Table 18: Capital Costs (in US$)
Table 19: Taxation and Depreciation
Table 20: Income Projections (in US$)
Table 21: Expenditure Projections (in US$)
Table 22: Cash Flow Analysis Without Considering the Income Tax Liability
Table 23: Cash Flow Analysis on Considering the Income Tax Liability
Table 24: Profit and Loss Account
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