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LED Tube Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

A light-emitting diode (LED) tube light currently represents one of the most energy efficient type of linear tube lighting. Due to their high energy efficiency and longer life, these lights are rapidly replacing fluorescent tube lights that are often used in commercial and residential buildings. Unlike fluorescent tubes (which tend to burn out faster when integrated with occupancy sensors and other controls), LED tube lights work perfectly with control systems. They have a longer life span of 50,000 to 100,000 hours, which is 55-75 times more than their traditional counterparts. These eco-friendly lights offer maximum light output along with energy savings and come in a wide array of color temperatures. On account of their unique solid-state design, LED tube lights are lightweight, extremely durable and require virtually no maintenance or warm up time. Besides this, they are highly resistant to temperature alterations and can remain stable even in extremely cold conditions.

Global LED Tube Light Market Report

With the inflating prices of electricity around the world, consumers are shifting from compact fluorescent lights (CFLs) to LED tube lights. This is further supported by awareness campaigns and policies for energy conservation and environmental protection by governments in various countries. On the other hand, manufacturers are coming up with different LED lighting products and investing in marketing through newspapers and televisions which is increasing product awareness among consumers. Further, strong demand for LED tube lights is emerging from the corporate sector as they offer better ambiance lighting, enhanced controls and reduced maintenance costs. They are also widely being used in automotive, general lighting, mobile devices, signal and signage, healthcare, forensic, academics and street lighting which is stimulating the market growth. As per IMARC Group, the global LED tube light market is anticipated to grow at a CAGR of 12.2% during 2019-2024.


Breakup by Application:

  • Retrofit
  • Retail & Hospitality 
  • Outdoor
  • Offices 
  • Architectural 
  • Residential 
  • Industrial


Retrofit currently accounts for the majority of the LED lighting market share, followed by retail and hospitality. LED lights are rapidly replacing conventional lighting systems owing to the growing awareness among consumers about the advantages offered by these lights.


Regional Insights:

  • India
  • China
  • Europe
  • United States
  • Japan
  • Brazil
  • Russia
  • Others


On the geographical front, China enjoys the leading position in the global LED lighting market due to the rising demand from luxury malls, hotels and other commercial spaces in the country. Apart from this, a huge demand is also emerging from public infrastructures such as airports, railways, ports and urban rail transport systems.

 
Competitive Landscape:

The LED lighting market is concentrated in nature due to the presence of a few manufacturers who compete against one another in terms of prices as well as quality.


Key Questions Answered in This Report:

  • How has the global LED lighting market performed so far and how will it perform in the coming years?
  • How has the global LED tube light market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global LED lighting industry?
  • What are the major application segments in the global LED lighting industry?
  • What are the key product types in the global LED lighting industry?
  • What are the various stages in the value chain of the global LED lighting industry?
  • What are the key driving factors and challenges in the global LED lighting industry?
  • What is the structure of the global LED lighting industry and who are the key players?
  • What is the degree of competition in the global LED lighting industry?
  • What are the profit margins in the global LED lighting industry?
  • What are the key requirements for setting up a LED tube light manufacturing plant?
  • How are LED tube light manufactured?
  • What are the various unit operations involved in a LED tube light manufacturing plant?
  • What is the total size of land required for setting up a LED tube light manufacturing plant?
  • What are the machinery requirements for setting up a LED tube light manufacturing plant?
  • What are the raw material requirements for setting up a LED tube light manufacturing plant?
  • What are the packaging requirements for LED tube light?
  • What are the transportation requirements for LED tube light?
  • What are the utility requirements for setting up a LED tube light manufacturing plant?
  • What are the manpower requirements for setting up a LED tube light manufacturing plant?
  • What are the capital costs for setting up a LED tube light manufacturing plant?
  • What will be the income and expenditures for a LED tube light 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 Tube Light 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    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
     5.9    Value Chain Analysis
        5.9.1     Primary Raw Materials Suppliers
        5.9.2     LED Chip Manufacturers
        5.9.3     LED Package and Module Manufacturers
        5.9.4     Lighting Products, Electronic Products and Automotive Part Manufacturers
        5.9.5     Product Distribution
        5.9.6     End Users
    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 Tube Light Manufacturers
    5.12    Comparative Analysis of CFL and LED
    5.13    Price Analysis
        5.13.1    Key Price Indicators
        5.13.2    Price Structure
6   Performance of Key Regions
    6.1   India
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2   China
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3   Europe
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4   United States
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5   Japan
        6.5.1    Market Trends
        6.5.2    Market Forecast
    6.6   Brazil
        6.6.1    Market Trends
        6.6.2    Market Forecast
    6.7   Russia
        6.7.1    Market Trends
        6.7.2    Market Forecast
    6.8   Others
        6.8.1    Market Trends
        6.8.2    Market Forecast
7    Market by Application
    7.1    Retrofit
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Retail & Hospitality 
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Outdoor 
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Offices 
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Architectural 
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Residential 
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Industrial
        7.7.1 Market Trends
        7.7.2 Market Forecast
8    Competitive Landscape
    8.1    Market Structure
    8.2    Market Breakup by Key Players
9    LED Tube light Manufacturing Process
     9.1    Product Overview and Specifications
     9.2    Key Features and Advantages
     9.3    Key Application Areas
         9.3.1    Offices and Conference Rooms
         9.3.2    Showrooms and Malls
         9.3.3    Homes, Departmental Stores and Boutiques
         9.3.4    Warehouses and Parking Houses
         9.3.5    Hospitals and Laboratories
    9.4    Popular Types
         9.4.1    LED Tube Light (Direct Fit)
         9.4.2    LED Tube Light (Internal Driver)
         9.4.3    LED Tube Light (External Driver)
    9.5    Design Material Alternatives
         9.5.1    Thermoplastic Housing
         9.5.2    Extruded Aluminium Housing
         9.5.3    Extruded Glass Housing
     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: LED Tube Light Market: Major Drivers and Challenges
Figure 2: Global: LED Lighting Market: Volume Trends (in Billion Units), 2011-2018
Figure 3: Global: LED Lighting Market: Value Trends (in Billion US$), 2011-2018
Figure 4: Global: LED Tube Light Market: Sales Value (in Billion US$), 2011-2018
Figure 5: Global: LED Lamps and Modules Market: Sales Volume (in Million Units), 2011-2018
Figure 6: Global: LED Fixtures Market: Sales Volume (in Million Units), 2011-2018
Figure 7: Global: LED Lamps and Modules Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 8: Global: LED Fixtures Market Forecast: Sales Volume (in Million Units), 2019-2024
Figure 9: Global: LED Lighting Market Forecast: Volume Trends (in Billion Units), 2019-2024
Figure 10: Global: LED Lighting Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 11: Global: LED Tube Light Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 12: Global: LED Lighting Market: Breakup by Region (in %), 2018
Figure 13: Global: LED Lighting Market: Breakup by Application (in %), 2018
Figure 14: LED Tube Light Market: Price Structure (US$/Unit)
Figure 15: Global: LED Lighting Industry: SWOT Analysis
Figure 16: Global: LED Lighting Industry: Value Chain Analysis
Figure 17: Global: LED Lighting Industry: Porter’s Five Forces Analysis
Figure 18: India: LED Lighting Market (in Million US$), 2011 & 2018
Figure 19: India: LED Lighting Market Forecast (in Million US$), 2019-2024
Figure 20: China: LED Lighting Market (in Million US$), 2011 & 2018
Figure 21: China: LED Lighting Market Forecast (in Million US$), 2019-2024
Figure 22: Europe: LED Lighting Market (in Million US$), 2011 & 2018
Figure 23: Europe: LED Lighting Market Forecast (in Million US$), 2019-2024
Figure 24: United States: LED Lighting Market (in Million US$), 2011 & 2018
Figure 25: United States: LED Lighting Market Forecast (in Million US$), 2019-2024
Figure 26: Japan: LED Lighting Market (in Million US$), 2011 & 2018
Figure 27: Japan: LED Lighting Market Forecast (in Million US$), 2019-2024
Figure 28: Brazil: LED Lighting Market (in Million US$), 2011 & 2018
Figure 29: Brazil: LED Lighting Market Forecast (in Million US$), 2019-2024
Figure 30: Russia: LED Lighting Market (in Million US$), 2011 & 2018
Figure 31: Russia: LED Lighting Market Forecast (in Million US$), 2019-2024
Figure 32: Other Regions: LED Lighting Market (in Million US$), 2011 & 2018
Figure 33: Other Regions: LED Lighting Market Forecast (in Million US$), 2019-2024
Figure 34: Global: LED Lighting Market: Retrofit Applications (in Million US$), 2011 & 2018
Figure 35: Global: LED Lighting Market Forecast: Retrofit Applications (in Million US$), 2019-2024
Figure 36: Global: LED Lighting Market: Retail & Hospitality Applications (in Million US$), 2011 & 2018
Figure 37: Global: LED Lighting Market Forecast: Retail & Hospitality Applications (in Million US$), 2019-2024
Figure 38: Global: LED Lighting Market: Outdoor Applications (in Million US$), 2011 & 2018
Figure 39: Global: LED Lighting Market Forecast: Outdoor Applications (in Million US$), 2019-2024
Figure 40: Global: LED Lighting Market: Office Applications (in Million US$), 2011 & 2018
Figure 41: Global: LED Lighting Market Forecast: Office Applications (in Million US$), 2019-2024
Figure 42: Global: LED Lighting Market: Architectural Applications (in Million US$), 2011 & 2018
Figure 43: Global: LED Lighting Market Forecast: Architectural Applications (in Million US$), 2019-2024
Figure 44: Global: LED Lighting Market: Residential Applications (in Million US$), 2011 & 2018
Figure 45: Global: LED Lighting Market Forecast: Residential Applications (in Million US$), 2019-2024
Figure 46: Global: LED Lighting Market: Industrial Applications (in Million US$), 2011 & 2018
Figure 47: Global: LED Lighting Market Forecast: Industrial Applications (in Million US$), 2019-2024 
Figure 48: Global: LED Lighting Market: Key Players Market Share (in %), 2018
Figure 49: LED Tube Light Manufacturing Plant: Various Types of Operation Involved
Figure 50: LED Tube Light Manufacturing Plant: Conversion Rate of Products
Figure 51: LED Tube Light Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 52: LED Tube Light Manufacturing Industry: Profit Margins at Various Levels of the Supply Chain
Figure 53: LED Tube Light Manufacturing Plant: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: LED Lighting Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: LED Lighting Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 3: Global: LED Lighting Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 4: Global: LED Lighting Market: Competitive Structure
Table 5: Global: LED Lighting Market: Key Players
Table 6: Comparison of LEDs with Compact Fluorescent Lamps (Based on Energy Efficiency and Environmental Impact)
Table 7: Comparison of LEDs and Compact Fluorescent Lamps (Based on Luminous Flux)
Table 8: LED Tube Light Manufacturing: Suppliers of Raw Materials and Delivery Timeline
Table 9: LED Tube Light Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 10: LED Tube Light Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 11: LED Tube Light Manufacturing Plant: Costs Related to Machinery (in US$)
Table 12: LED Tube Light Manufacturing Plant: Raw Material Requirements (in Units/Day) and Expenditures (US$/Unit)
Table 13: LED Tube Light Manufacturing Plant: Outer Packaging Requirements and Expenditure (in US$/Unit of Light)
Table 14: LED Tube Light Manufacturing Plant: Inner Packaging Requirements and Expenditure (in US$/Unit of Light)
Table 15: LED Tube Light Manufacturing Plant: Transportation Expenditure (in US$/Unit of Light)
Table 16: LED Tube Light Manufacturing Plant: Power Consumption (in KWh)
Table 17: LED Tube Light Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 18: LED Tube Light Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 19: Details of Financial Assistance Offered by Financial Institutions
Table 20: LED Tube Light Manufacturing Plant: Capital Costs (in US$)
Table 21: LED Tube Light Manufacturing Plant: Taxation and Depreciation (in US$)
Table 22: LED Tube Light Manufacturing Plant: Income Projections (in US$)
Table 23: LED Tube Light Manufacturing Plant: Expenditure Projections (in US$)
Table 24: LED Tube Light Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 25: LED Tube Light Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 26: LED Tube Light Manufacturing Plant: Profit and Loss Account (in US$)

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