Architectural
LED products are attractive lighting system, which offers inventive pliability
to lighting designer, which they could only wish for. Architectural LED
products have very wide application range; they are used for illuminating
monuments, museums, bridges and residence with artistic integration of light
source. Architectural LED products
are stunning lighting systems and at the same time, they are cost effective
too. In terms of energy saving, architectural LED products are way better than
traditional lighting system. Apart from that, architectural LED products are
available in market in different shapes and sizes and can be installed easily
in indoor and outdoor places.
Market Size & Forecast
Global
architectural LED market is projected to expand at a robust compound annual
growth (CAGR) rate of 18.2% over the forecast period 2017-2024. In past few
years, the demand for architectural LED from almost all sectors including
residential and commercial sector have seen remarkable rise. The global market
of architectural LED products stood at a valuation of about USD 3.9 billion, by
the end of 2016 and it is anticipated to rise in near future. By the end of
forecast period, architectural LED market is expected to reach at a valuation
of about USD 10 million and is projected to maintain the same positive rise in
demand for architectural LED products over the forecast period.
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On the
basis of products, the architectural LED products market is segmented as solar
and conventional architectural LED products. Conventional architectural
products itself is dominating the market with market share about 92.9% and is
projected to grow at a CAGR of 17.3% over the forecast year. In terms of
volume, the global market of solar architecture LED product stood at 9.4%, in
year 2016.
Geographically,
global market of architectural LED products is segmented into five regions;
these include Europe, Asia Pacific, North America, Latin America and Middle
East & Africa. Among these regions, Asia Pacific region is dominating the
global architectural market with a share about 48% by the end of 2016. With
rise in adoption of architectural LED products in Asia Pacific region, it is
analyzed to remain dominant over the forecast period. Rising demand for
architectural LED products in North America and Europe region is anticipated to
foster the growth of these regions over the forecast period.
Market Segmentation
Our-in
depth analysis of the global architectural LED products market includes the
following segments:
By Product
Type
Solar
Conventional
Strip
& Linear
Lamp
By
Application
Cove
Lighting
Wall
Washing
In Ground
Backlight
Others
By End
User
Residential
Commercial
Retail
IT &
Telecom
BFSI
Media
& Entertainment
Healthcare
Others
By Region
Global
architectural LED products market is further classified on the basis of region
as follows:
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity
Analysis
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis.
Middle
East and Africa (GCC, North Africa, South Africa, Rest of MEA) Market size,
Y-O-Y growth & Opportunity Analysis
Growth Drivers & Challenges
Attractiveness,
flexible installation, significant cost reduction and consistent brightness
& uniformity are some of the major drivers which have driven the global architectural LED
market. The architectural LED products can be very attractive
and at same time they can be proved as a cost effective lighting products too.
These factors have propelled the demand for architectural LED products and
global architectural LED products market is projected to witness a robust
growth in near future. Apart from that, the governments of many countries such
as China, USA, and Thailand etc. have been promoting architectural LED products
for its features such as affordable price and low carbon emission. In addition
to this, the government in countries such as China, USA, and Malaysia etc. has
banned the adoption of conventional lighting system due to their high carbon
emission and encouraging construction companies to deploy architectural LED
products. Further, these factors are driving the growth of architectural LED
products market.
Moreover,
the architectural LED has longer life span as compared to other conventional
lighting product; these factors are expected to increase the demand for
architectural LED products in near future. In addition to this, the increasing
purchasing power of the consumers and their inclination toward luxurious life
style is expected to propel the growth of global market of architectural LED
market.
However,
the challenges such as high initial cost and lack of awareness among end users
about architectural LED products will have to face by manufacturers of the
architectural LED products.
Key Players
Copper
Industries PLC
Company
Overview
Key
Product Offerings
Business
Strategies
SWOT
Analysis
Philips
Lumileds Lighting Company
Osram
Licht AG
Epistar
corporation
Cree Inc.
Verbatim
Ltd,
GE
Lighting Solutions
Samsung
Electronics Co. Ltd.
Toshiba
Lighting & Technology Corp.
Galaxia
Electronics Co. Ltd.
Scope
& Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
architectural LED products market is segmented as follows:
By Product
Type Market Size & Y-O-Y Growth Analysis
By
Application Market Size & Y-O-Y Growth Analysis
By End
User Type Market Size & Y-O-Y Growth Analysis
By Region
Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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