Lighting Market Analysis in 2020: LED lighting holds up half the sky-ALLTOP-img
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Lighting Market Analysis in 2020: LED lighting holds up half the sky

by:ALLTOP      2021-04-13
According to Boston Consulting (BCG) The report shows that the lighting market is undergoing earth-shaking changes as LED lights begin to cut sales of traditional lamps. 2010- The lighting market grew by 112 billion in 2014, with revenue of 133 billion US dollars, and is expected to increase to US dollars by 2020. In addition, LED market share will increase from 5 in 2014 to 45 in 2020, and lighting market profits will remain relatively stable, from the current US $4. 9 billion to US $6 billion in 2020. Lighting Revenue analysis shows that the market share of lighting market revenue in 2014 was more than 112 billion US dollars, and it is expected to continue to maintain a stable growth momentum in the next few years. Among them, the major field is the professional lighting market, with the revenue of professional lighting, related services and systems reaching 43 billion dollars, occupying of the market share; The automobile lighting market revenue was 21 billion dollars, occupying of the market share; Consumer lighting and system revenue was 19 billion US dollars, occupying of the market share. Lighting Market industry grows nearly 2010- The compound annual growth rate in 2014 is expected to maintain this growth rate by 2020. Revenue in the lighting market will soar to US $133 billion in 2020, driven by emerging market development and the use of electricity by more and more households. The composition of the lighting market has changed. In the lighting field, the market shares of traditional lamps and bulbs in 2010 are 51 and 14 respectively, occupying a dominant position in the market. In 2014, the market share of traditional lamps and bulbs fell to 41 and 12 respectively, while the market share of LED lamps jumped from 5 to 15. However, the lighting market will undergo earth-shaking changes by 2020. At that time, LED will dominate the market and seize 45 market shares; The second is automobile lighting, whose market share will increase from 17 in 2010 to 19; The market share of traditional lamps and bulbs is expected to slide to 11 and 4 respectively. With the growth of professional systems and services, professional lighting is expected to reach in 2020 as more and more offices invest in LED lighting systems that are more cost-effective than traditional systems. Investment in controlling building lighting is expected to expand and grow at a compound annual growth rate of 15. As part of the connected lighting system, all lamp revenue is expected to increase from 5 in 2014 to 25 in 2020. The reason for the high investment in lighting system is that LED further saves the cost of lighting for the company, and it is said that intelligent system can save of energy consumption. Profit margin improvement improve lighting profit margin in the next few years, the total profit margin will continue to maintain a good momentum before tax and interest, with a compound annual growth rate of 3-4. The growth mainly comes from the top line (Especially LED lamps)Growth. Consumer lighting market share will be from 3. 2 to 3. 5. The total profit will increase from US $4. 9 billion in 2014 to US $6 billion in 2020. (Text/Silvia translation)
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