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Strategy Briefing

Light Sources Overview: LED Lights the Way

50 pages, Sep 2014

US$1,325

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About This Report

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

The global light sources market has recovered strongly since 2009, largely driven by the Asia Pacific region, particularly China. However, value growth slowed in the latter part of the review period, as competition between categories got tougher and prices of LEDs declined. With governments worldwide phasing out incandescent lamps and LED lamps becoming the centrepiece of the connected home, sales growth in this market is set to strengthen over the coming years.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

Rising electricity costs lead to calls for greater bulb efficiency

Minimum energy performance standards become the new norm as electricity costs have risen significantly in most regions. Consumers now expect lighting products to help save money on their bills.

Product innovation rather than replacement drives consumer demand

As incandescent bulbs are replaced by low energy alternatives such as halogen, CFL, LFL and LED, consumer preferences will be determined by the lighting characteristics of these products, such as colour, temperature, light shape and intensity, rather than just low energy consumption.

The extended life of energy efficient bulbs, also reduces purchase frequency, making innovation vital to boost sales.

A wide variety of applications using internet connectivity and halogen bulbs and LED lamps, means more lighting products becoming part of the “internet of things”.

Rapid trend changes means rapid product development

Manufacturers must be able to understand and adapt swiftly to rapidly changing consumers’ tastes and preferences. Sales trends are also diversifying regionally, with more pronounced category-shaping variations, occurring more quickly.

New products challenge LEDs

While LED is only starting to establish itself as the new bulb standard, other technologies are queuing up to offer more differentiation. OLED is getting a lot of the attention but it is one of a number of innovative developments that threaten the standard of LEDs.

What this report includes

Top-level strategic analysis of how major consumer trends will influence global markets
Consumer insight
Impact across all relevant consumer markets
Unique graphics and case studies
Key market snapshots
Accompanying presentation to synthesise main findings

Why buy this report

Identify factors driving change now and in the future
Understand motivation
Forward-looking outlook
Briefings and presentation should provoke lively discussion at senior level
Take a step back from micro trends
Get up to date estimates and comment

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Introduction

Scope

Key findings

Market Overview

Electrification a key driver of volume demand for light sources

Growing demand for light sources amid category shift

Light sources market size: China is the global leader

Global light sources growth relies upon a few markets

US: Pricing hampers the development of LED lamps

Incandescent lamps go into oblivion everywhere, except…

Canada’s belated ban will spur LED lamps demand

UK takes the lead in halogen lamps

Brazil tops CFL sales per household

France on the verge of discarding incandescents

Growth Drivers

GDP growth positively correlated with electricity consumption

Top-down approach in India suffers from poor execution

Low quality CFLs deter demand in some countries?

Expenditure on electricity key to purchasing patterns

Regulatory Environment

EU

US

Asia Pacific

Latin America

Socioeconomic Drivers

Smaller households in China carry both opportunities and risks

Energy efficiency goals in the EU

The nuclear question

Japan and Germany showing the way out of nuclear energy

Environmental concerns rise in China amid economic slowdown

Green taxes scrapped in Australia and potentially in UK

Shale gas in the US cuts electricity prices for consumers

Housing market: A slow recovery cast in doubts

LED inspired design in retail and public space could fuel interest

Industry Trends

Osram needs to catch up after Siemens spin-off

Global players fail to gain market dominance

Samsung and Philips to spearhead digital home innovations

Grocery retailers clear winners of energy efficient lamps

Private label goes from strength to strength

IKEA pledges to sell only LED lamps by 2016

Future Directions

Future dynamics

Urbanisation and smaller households as key growth drivers

Incandescent lamps on the way out

Beyond LEDs, more innovations loom

Lighting to venture into leisure and wellness industries

Final conclusions (1)

Final conclusions (2)

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Megatrends

Strategy Briefing

Light Sources Overview: LED Lights the Way

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

Rising electricity costs lead to calls for greater bulb efficiency

Product innovation rather than replacement drives consumer demand

Rapid trend changes means rapid product development

What this report includes

Why buy this report

Want to find out more about this report?

Table of Contents

Introduction

Scope

Key findings

Market Overview

Electrification a key driver of volume demand for light sources

Growing demand for light sources amid category shift

Light sources market size: China is the global leader

Global light sources growth relies upon a few markets

US: Pricing hampers the development of LED lamps

Incandescent lamps go into oblivion everywhere, except…

Canada’s belated ban will spur LED lamps demand

UK takes the lead in halogen lamps

Brazil tops CFL sales per household

France on the verge of discarding incandescents

Growth Drivers

GDP growth positively correlated with electricity consumption

Top-down approach in India suffers from poor execution

Low quality CFLs deter demand in some countries?

Expenditure on electricity key to purchasing patterns

Regulatory Environment

EU

US

Asia Pacific

Latin America

Socioeconomic Drivers

Smaller households in China carry both opportunities and risks

Energy efficiency goals in the EU

The nuclear question

Japan and Germany showing the way out of nuclear energy

Environmental concerns rise in China amid economic slowdown

Green taxes scrapped in Australia and potentially in UK

Shale gas in the US cuts electricity prices for consumers

Housing market: A slow recovery cast in doubts

LED inspired design in retail and public space could fuel interest

Industry Trends

Osram needs to catch up after Siemens spin-off

Global players fail to gain market dominance

Samsung and Philips to spearhead digital home innovations

Grocery retailers clear winners of energy efficient lamps

Private label goes from strength to strength

IKEA pledges to sell only LED lamps by 2016

Future Directions

Future dynamics

Urbanisation and smaller households as key growth drivers

Incandescent lamps on the way out

Beyond LEDs, more innovations loom

Lighting to venture into leisure and wellness industries

Final conclusions (1)

Final conclusions (2)

Why buy this report?

Want to find out more about this report?

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