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Please provide an overview of major distributors in the lighting industry. Especially interested in LED lighting.
Hello! Thanks for asking to provide you with an overview of major distributors in the lighting industry, with emphasis on LED lighting. The sources I found most helpful in answering your question are Hoover's, Altech Electronics and Optics. The short version is that Cree Inc., Epister Corp., Everlight Electronics Co., Ltd, General Electric, GYLED Lighting, Lighting Science, Lite-on Tech, Mitsubishi Electric, Osram Sylvia, Philips Lighting, and Nichia are the major distributors in the lighting industry globally. I have provided their revenue figures below and market overview of this industry, especially for LED lighting.Please read on for details.
LIGHTING INDUSTRY OVERVIEW AND TRENDS WITH EMPHASIS ON LED LIGHTING
According to a report released by Radiant Insights, the LED Lighting Market is expected to reach $63.1 billion by the year 2020. This market is expected to grow at the rate of 45% per year.
Generally, across markets, there seems to be a movement towards totally switching to LEDs from existing technology (which includes incandescent bulbs); this movement is driven by the decline in LED products price points, and increased marketing to consumers. Overall, LEDs are generally perceived to provide better lighting solutions.
McKinsey reported that globally, the lighting market is expected to show an annual growth of about $150 billion from 2016 through 2022. Of this growth, an annual $90 billion increase would be from the LED sector, which was only 30% of the market in 2016. By the year 2020 LED is expected to control 60% of the lighting market globally, lighting costs are expected to fall by 30% yearly in that same period.
The LED (as well as non-LED) lamps market experienced significant fragmentation in the year 2015. In that year, the industry's top 10 vendors lost a controlling stake of 54.8% of the market for non-LED lamps, dropping to 41.4%. On the other hand, LED lamp top vendors dropped from 55.1% to 50.4% market share. Meanwhile, the opposite happened in the market for LED luminaires supply; top vendors controlled 29.6% in 2014, but had increased stakes to 33.5% in 2015. In 2015, 7.8% of unit shipments where LED lamps and luminaires, which also accounted for 28.6% of industry revenue. LED and luminaires are projected to make up over 50% of the lighting industry's revenue by the year 2019.
According to a report from LEDs Magazine, there would be continued fragmentation of the lighting fixture market due to the high presence of local buying powers of designers, construction firms, governments, and architects. This fragmentation contrasts with the trend seen in the global electronics manufacturers market, where leading companies are consolidating their market shares. The European, Asian and North American markets, LEDs have similar market shares of about 7% and growth rates, of 70% by 2020. However, market penetration of LEDs in North America and Europe are expected to be higher than in Asia.
Edison Report says that the Smart Lighting market is projected to grow the a 17.1% CAGR from 2016 through 2025, reaching $51.05 billion by 2025. According to the report, fragmentation in the global smart lighting market is on the basis of
- Fluorescent Lamps
- High-Intensity Discharge Lamps
- Light Emitting Diode (LED) Lamp
- Compact Fluorescent Lamps (CFL)
- Others (Neon Lamps and Photographic Flashes)
This space is further segmented on the basis of smart lighting application, covering
- Commercial lighting
- Automotive lighting
- Industrial lighting
- Outdoor lighting
- Residential lighting, and
- Government
Based on geographic regions the smart lighting market has been segmented into North America, the Middle East & Africa (MEA), Asia Pacific (APAC), Europe, and South America (SAM). Being that Middle East and Africa has the most number of developing countries, it predicted to be the region with the highest compound annual growth rate (CAGR) over the 2016 to 2025 period, at 24.4%.
EUROPE
Key LED market drivers in Europe are the ban on incandescent, followed by the expected ban on halogen. The CAGR for the LED lighting market in Europe from 2014 through 2019 is set at 17.2%.
NORTH AMERICA
North America's ban on incandescent drives demand for LED, SSL is made more affordable due to utility rebates. North America's CAGR for LED is 15.2% for 2014 through 2019.
SOUTH AMERICA
The key barrier to high-end LED projects adoption in Latin America is the price. According to Frost and Sullivan, LED will grow to challenge CFL. For the year 2014 through 2019 this region's CAGR is expected to be 23.1%.
MIDDLE EAST AND AFRICA
LED lighting market is expected to grow in the second half of the forecast period, 2014 through 2019, owing to a sharp price decline. Frost and Sullivan says that the CAGR for that period is 18.4%.
ASIA-PACIFIC
China will lead the LED lighting market growth for the Asia Pacific region, the region's CAGR of 2014 to 2025 would be 16.8%.
LIST OF COMPANIES AND REVENUES
The new 2016 edition of the Packaged LED Report by IHS Markit says that Nichia ranks tops for both lighting and mobile applications for 2015. The company has 12.9% market share of all packaged LED market, followed by Osram and Lumileds, having 14.7% in combined market share.
1. CREE, Inc.
2. Epistar Corp.
3: Everlight Electronics Co., Ltd.
4. General Electric
GE 2015 annual report. GE lumps together their appliances and lighting revenue (i.e $8.8 billion in 2015), it says the lighting industry is 28% of the revenue. 8.8 multiplied by 28% gives you $2.46 billion though it should be noted that this includes their industrial lighting also.
5. GYLED Lighting
2011 revenue was 350,000,000 RMB, i.e. $50.6 million, this company is not listed in hoover or Owler.
6. Lighting Science
7. Lite-on Tech
8. Mitsubishi Electric
2015 revenue: measured in yen and includes all home appliances, 944.8 billion Yen, in USD is $8.19 billion
9. Osram Sylvia
10. Philips Lighting
11. Nichia
CONCLUSION
Cree Inc., Epister Corp., Everlight Electronics Co., Ltd, General Electric, GYLED Lighting, Lighting Science, Lite-on Tech, Mitsubishi Electric, Osram Sylvia, Philips Lighting, Nichia, are the major distributors in the lighting industry globally. I have provided their revenue figures above and market overview of this industry, especially for LED lighting.
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