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The global lighting market is expected to reach 110 billion euros by 2020

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The global lighting market is expected to reach 110 billion euros by 2020

  • Categories:Trade News
  • Author:
  • Origin:
  • Time of issue:2014-01-10 19:05

The global lighting market is expected to reach 110 billion euros by 2020

(Summary description)Based on a survey of lighting professionals and consumers, as well as a global survey of other input factors, a world-leading global management consulting company recently announced its lighting market model estimates for the size of the global lighting market until 2020...

  • Categories:Trade News
  • Author:
  • Origin:
  • Time of issue:2014-01-10 19:05
  • Views:
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Based on a survey of lighting professionals and consumers, as well as a global survey of other input factors, a world-leading global management consulting company recently announced its lighting market model estimates for the size of the global lighting market until 2020, including Differential analysis of applications, geographical factors and light source technology.

 

The lighting market has attracted much attention recently due to its emission reduction efficiency and the addition of new factors such as LED and OLED. However, it lacks a global perspective and a full perspective that includes all key sectors and applications, geographical factors, light source technology and different stages of the value chain. Comprehensive report. To fill this gap, McKinsey Consulting was commissioned by Osram to draft an independent report on the global lighting market and its possible future evolution. According to Jiuzheng Building Materials Network, in order to provide a comprehensive overview of the developing global lighting market, including an estimate of the future LED market share, McKinsey surveyed lighting experts and consumers around the world, including seven different countries (United States, Germany, Japan, China, Russia, Brazil and India).

 

The report shows that the global lighting market is expected to reach 110 billion euros in 2020-equivalent to the global TV market. Global population growth and urbanization are the main factors that increase the overall demand for lighting products. Cities and climate change issues are also driving lighting products to be more energy efficient. Governments around the world's regulation of energy efficiency has accelerated the development of the lighting industry.

 

Today, the fourth lighting technology revolution in human history-the advent of LED technology is transforming this industry. Although, LED technology has not yet achieved a more price advantage, but the large investment from various companies can be expected to reduce manufacturing costs at a rate of 30% per year, LED is becoming a generally affordable technology.

 

The report shows that it is estimated that the global LED lighting market revenue will grow at a rate of 30% per year. By 2020, the LED lighting market revenue will be close to 65 billion euros-accounting for nearly 60% of the global lighting market share.

 

The three broadest sectors of lighting applications are general lighting, automotive lighting, and backlight applications. Among them, general lighting applications are the largest, accounting for about 75% of the total lighting market, and are also the most in-depth analysis in the report.

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