Abstract
INTRODUCTION and OVERVIEW
AMA Research are pleased to announce the publication of the 1st Edition of the
"LED Lighting Market Report - UK 2012-2016 Analysis". The report reviews the
LED lighting sector with a focus on market size, trends, mixes, end-users,
supply and distribution.
This unique report answers the need for both a quantitative and qualitative
analysis of LED lighting products with estimates and forecasts on market size,
trends and future prospects through to 2016, the report is comprehensive,
informative and will facilitate operational and strategic decision-making
processes.
Issues and sectors reviewed include:
- Supply chain of LED lighting products.
- Key end-users and how this is changing.
- Distribution channels shares and structures.
Key developments include:
- The impact of technological developments in LED Products.
- The impact of European legislative changes.
- The impact of Price changes.
In 2011, the LED lighting market was estimated to be worth around £105
million at manufacturers' selling prices (MSP). The market is growing rapidly
and is largely being driven by new installations. The market has seen benefit
from the increased focus on sustainability and energy efficiency and the
resulting interest in the new technology as well as from developments which
have allowed the wider use of LEDs in general lighting.
In the medium to long term, trading conditions remain positive for the
lighting market, with higher volumes of housing required, value added trends
and increasingly sophisticated, energy efficient, task orientated lighting
used across all market sectors, with LED growth likely to be at the forefront
of any overall lighting market growth.
Areas of particular interest include:
- Analysis of the domestic and non-domestic LED lighting sectors.
- Manufacturers - changes in the supply structure, mergers, acquisitions and
companies exiting the market.
- Changing impact of environmental considerations.
- Assessment of distribution channels.
Some of the key companies featured include:
Abacus Lighting, ACDC Ltd, Acuity Brands Lighting, Advanced Lighting
Technology, ASD Lighting, Aurora Lighting, City Electrical Factors (CEF),
Cooper Lighting and Safety Limited, Denmans, Dextra, Dialight Plc, Edmundson
Electrical, Emelux Lighting Equipment, Emergency Lighting Products Ltd, Eyre &
Elliston, FW Thorpe, GE Global Research, GE Light Fittings, GE Lighting,
Havells Sylvania, Holophane Europe, JCC Lighting, Ledon Lamp, Maclean
Electrical Group, Medlock Electrical Distributors, MEGAMAN, Newey and Eyre,
Osram, Philips Lighting, Photonstar LED, Rexel Group, Ringtail Emergency
Lighting, Routeco, Senate Electrical, Stearn Electric Company, The National
Lighting Company, Thomas & Betts Ltd, Thorn Lighting, Tridonic Atco, Urbis
Lighting Ltd, Ventilux, WF Electrical, Whitecroft Lighting, Wilts Wholesale
Electrical Company, Zumtobel Lighting.
Key areas covered in the report include:
THE LED LIGHTING MARKET
- Market size by value 2006-2011 and forecasts to 2016. Commentary on these
forecasts.
- Key trends and influences on the market - technical innovation, product
development and increases in imported products.
- Market share in domestic and non domestic end use applications, supply
chain issues into the LED light manufacturers.
- Market share and product mix - replacement lamps, luminaries and controls.
- Overall lighting market size by value 2006-2011 and forecasts to 2016.
Observations and trend commentary on these forecasts.
END USERS
- End-User Market shares in 2011.
- Definition, description of lighting requirements and LED trends within key
end use sectors.
- Key influencing factors on LED usage within key end use sectors.
Particular focus on health, education, street and commercial LED lighting
applications.
SUPPLIERS & DISTRIBUTION
- Key suppliers by turnover and size of company (number of employees).
- Suppliers share by value.
- Key suppliers - description, indication of turnover, mergers and
acquisitions etc.
- Sales of LED lighting by channel of distribution.
- Commentary on changes in channels of distribution.
- Trends in, and factors influencing, distribution; significance of
particular distribution channels.
FUTURE PROSPECTS
- Influence of the general economic situation - construction levels and
consumer confidence.
- The impact of the drive for efficiency and greater sustainability in
lighting.
- Key areas of opportunity and prospects for continued investment in capital
projects.
- Future prospects, areas of potential growth/decline.
SUMMARY OF REPORT CONTENTS
LED lighting is a rapidly growing sector, representing a threat to more
traditional products. Product development in the LED market will continue to
offer this sector greater differentiation and result in increasing share in
the medium to longer term.
In 2011, the LED lighting market was estimated to be worth around £105
million at manufacturers' selling prices (MSP). This is a developing market
and is largely reliant on new installations and resulting in rapid growth. The
LED lighting market is expected to continue to see rapid growth as the
technology becomes more widely accepted in the mainstream. In the long term,
price decreases will impact on value but in the next 5 years, increased sales
volumes should outweigh this issue. Trading remains positive for the LED
lighting market, with higher volumes of housing required and increasingly
sophisticated, sustainable, efficient task orientated lighting being used
across all markets.
Energy efficiency continues to play an important role in the market, driven by
legislative changes and increasing fuel bills. The government remains
committed to promoting the use of energy efficient products, promoting use
within public sector projects and through the introduction of energy
conservation and monitoring legislation.
The non domestic sector dominates the market by value. This sector has been
quicker to take up LED technology as it is more focused on long term running
costs, whilst domestic users are likely to be put off by the initial cost.
In 2011, the LED lighting market was dominated by sales of luminaires, which
accounted for 90% of the market, with replacement lamps accounting for a
further 8% and lighting controls the remaining 2%. Many current LED luminaires
and modules are integrated. These products are not easily replaced as they
require mechanical fasteners to couple the LED to the heat sink. This is
changing as more replacement lamps and modules are being brought onto the
market but means the traditional product split is becoming more difficult to
define.
The supply of LED lighting is relatively fragmented, although the leading 5
companies are thought to account for 90% of current market value. Distribution
is dominated by direct sales as munfacturers continue to introduce the
technology to ever widening applications.
Table of Contents
CONTENTS and LIST OF TABLES & CHARTS
1 INTRODUCTION
- 1.1 BACKGROUND
- 1.2 SOURCES OF INFORMATION
2 SUMMARY AND FUTURE PROSPECTS
- 2.1 SUMMARY
- 2.2 FUTURE PROSPECTS
- 3 ECONOMIC ENVIRONMENT
3.1 GDP
- 3.2 INFLATION & INTEREST RATES
- 3.3 UNEMPLOYMENT
- 3.4 HOUSEHOLD CONSUMPTION
- 3.5 HOUSING & CONSTRUCTION
- 3.6 STERLING
- 3.7 POPULATION PROFILE
- 3.8 CONCLUSIONS
4 THE UK LED LIGHTING MARKET
- 4.1 THE OVERALL UK LIGHTING MARKET
- 4.1.1 Market Size & Trends
- 4.1.2 End Users
- 4.1.3 Product Mix
- 4.2 LED MARKET DEFINITION
- 4.3 LED MARKET SUPPLY CHAIN
- 4.4 UK LED LIGHTING MARKET SIZE & TRENDS
- 4.5 LED LIGHTING PRODUCT MIX
- 4.6 KEY MARKET INFLUENCES
- 4.6.1 Construction Output
- 4.6.2 Legislation
- 4.6.3 Energy costs
- 4.6.4 Average Prices
5 END USE SECTORS FOR LED LIGHTING
- 5.1 LED LIGHTING END USER MIX
- 5.2 HEALTHCARE & EDUCATION LED USE
- 5.3 ROAD AND STREET LIGHTING USE OF LED
- 5.4 COMMERCIAL OFFICES USE OF LED
- 5.5 OTHER END USE SECTORS
6 SUPPLIERS OF LED LIGHTING
- 6.1 OVERVIEW
- 6.2 LED MARKET SHARES
- 6.3 LED LIGHTING SUPPLIER PROFILES
- 6.4 SPECIALIST LED LIGHTING SUPPLIER PROFILES
7 DISTRIBUTION CHANNELS FOR LED LIGHTING
- 7.1 OVERVIEW
- 7.2 CHANNEL SHARES
- 7.3 DIRECT SUPPLY
- 7.4 ELECTRICAL WHOLESALERS
- 7.5 RETAILERS
- 7.5.1 DIY Multiples
- 7.5.2 Grocery Multiples
TABLES AND CHARTS
- CHART 1 UK LED LIGHTING MARKET 2006-2016 - BY VALUE (£M MSP)
- CHART 2 INTEREST RATES AND INFLATION (CPI) FROM 1992-2016
- CHART 3 PDI & SAVINGS RATIO AT CURRENT PRICES 1992-2016
- TABLE 4 EXCHANGE RATE FLUCTUATIONS 2006-2012 - STERLING TO THE DOLLAR, AND
THE EURO, SPOT RATES
- CHART 5 AGE DISTRIBUTION OF THE RESIDENT UK POPULATION MID-2008 ('000)
- CHART 6 UK LIGHTING MARKET 2006-2016 (£M MSP)
- CHART 7 UK LIGHTING MARKET - DOMESTIC & NON-DOMESTIC SECTORS BY VALUE 2011
- CHART 8 UK LIGHTING MARKET - LAMP, LUMINAIRE, CONTROLS MIX BY VALUE
(£M MSP) 2011
- CHART 9 LED SUPPLY CHAIN
- CHART 10 UK LED LIGHTING MARKET 2006-2016 (£M MSP)
- CHART 11 UK LED LIGHTING MARKET - PRODUCT MIX BY VALUE 2011
- TABLE 12 CONSTRUCTION OUTPUT FIGURES 2008-2013 (£ BILLION AT CURRENT
PRICES)
- TABLE 13 PHASE-OUT SCHEDULE FOR NON-DIRECTIONAL HOUSEHOLD LAMPS
- TABLE 14 ENERGY CONSUMPTION BY USER - ELECTRICITY 2006-2010 (M TONNES OIL
EQUIVALENT)
- CHART 15 ELECTRICITY CONSUMPTION BY END USER (DOMESTIC, INDUSTRY,
INFRASTRUCTURE ETC) 2010
- TABLE 16 ELECTRICITY PRICES IN THE UK INCLUDING TAXES PENCE PER KWH
2007-2010
- TABLE 17 PRICE INDICES OF CONSTRUCTION MATERIALS, LIGHTING ANNUAL AVERAGES
2006-2011, 2005 = 100
- CHART 18 UK LED LIGHTING MARKET - DOMESTIC & NON-DOMESTIC SECTORS BY VALUE
2011
- TABLE 19 LIGHTING OF MAIN AREAS OF A TYPICAL WARD PRE-CONFIGURATION
- TABLE 20 LIGHTING REQUIREMENTS BY AREA IN EDUCATIONAL BUILDINGS
- CHART 21 PRODUCT MIX - COMMERCIAL OFFICE LIGHTING ESTABLISHMENT 2011 BY
VALUE
- CHART 22 PRODUCT MIX INDUSTRIAL LIGHTING ESTABLISHMENT 2011 BY VALUE
- CHART 23 UK LIGHTING MANUFACTURERS BY TURNOVER GROUP (£'000S) 2011
- CHART 24 UK LIGHTING MANUFACTURERS BY EMPLOYEE SIZEBAND 2011
- CHART 25 UK LED LIGHTING MARKET SHARES 2011 BY VALUE
- CHART 26 DISTRIBUTION STRUCTURE FOR LED LIGHTING PRODUCTS
- TABLE 27 LED LIGHTING DISTRIBUTION CHANNEL SHARES 2011 BY VALUE
- CHART 28 ELECTRICAL WHOLESALE MARKET SHARES 2011 BY VALUE % (REXEL,
EDMUNDSON, CEF ETC)
- CHART 29 DIY MULTIPLES MARKET SHARE 2011 - % BY VALUE
