市場調査レポート - 242940
LED Lighting Market Report - UK 2014-2018 Analysis
|出版日||ページ情報||英文 84 Pages|
|英国のLED照明市場の分析 LED Lighting Market Report - UK 2014-2018 Analysis|
|出版日: 2014年08月12日||ページ情報: 英文 84 Pages||
AMA Research are pleased to announce the publication of the 2nd Edition of the 'LED Lighting Market Report - UK 2014-2018 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 2018, the report is comprehensive, informative and will facilitate operational and strategic decision-making processes.
In 2013, the LED lighting market was estimated to account for over 20% of the overall lighting market. The market is growing rapidly and is largely being driven by new installations in commercial and infrastructure applications. 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.
Abacus Lighting, ACDC Ltd, Acuity Brands Lighting, Advanced Lighting Technology, ASD Lighting, Aurora Lighting, City Electrical Factors (CEF), Cooper Lighting and Safety Limited, Cree Inc., Crompton Lamps, Denmans, Dextra, Dialight Plc, Edmundson Electrical, Emergency Lighting Products Ltd, Endo Lighting, Eyre & Elliston, FW Thorpe, GE Light Fittings, GE Lighting, Harvard Engineering, Havells Sylvania, Holophane Europe, JCC Lighting, Ledon Lamp, Maclean Electrical Group, Medlock Electrical Distributors, MEGAMAN, MHA, Newey and Eyre, Osram, Philips Lighting, Photec Lighting, Photonstar LED, Rexel Group, Ringtail Emergency Lighting, Routeco, Senate Electrical, Status International, Stearn Electric Company, Tamlite, The National Lighting Company, Thomas & Betts Ltd, Thorn Lighting, Toshiba Lighting Systems, Tridonic Atco, Trilux Lighting, Urbis Schreder Ltd, Ventilux, Verbatim Lighting, Vexica, Vita Energia Solutions, WF Electrical, Whitecroft Lighting, Wilts Wholesale Electrical Company, Zumtobel Lighting.
In 2013, the UK LED lighting market was estimated to be worth £330 million at manufacturers' selling prices (MSP), this incorporates all finished, mains-operated LED lighting products, domestic and non-domestic used within construction and building.
The LED lighting market is experiencing an explosion in growth as the new technology becomes more widely accepted in the mainstream lighting market, further encouraged by energy cost savings and CO2 concerns, driven by legislative changes, in turn resulting from environmental pressures.
The market is largely reliant on total system upgrades and new installation applications. As a relatively new market, replacement products have therefore much less influence on performance than in overall lighting at this stage. Non-domestic end users dominated in 2013, accounting for 96% of market value, whilst the domestic sector was estimated to account for £13 million.
Infrastructure is the leading sector within LED lighting with many councils, replacing and planning to replace conventional street lighting with LED lighting. They are attracted to the significant energy cost savings, lower CO2 output and long life cycles primarily. The Leisure & Entertainment and Health & Education sectors have been high early adopters of LED lighting and will continue to be major end use sectors in the near to medium term. Retail use is growing whilst office, industrial and lastly domestic use will expand significantly over a longer time period.
In 2013, the LED lighting market was characterised mainly by sales of LED luminaires, accounting for 75% of the market, with the rest of the market made up by Replacement LED lamps and LED controls and accessories. The new use of this technology for lighting often requires installation of specific luminaires in order to achieve the full benefits and this also reflects the fact that LEDs are often installed as part of a larger refurbishment or new build project requiring new luminaires.
That said there has been significant development of replacement products for traditional bulbs / lamps, where the LED replacement product has been specifically designed to fit the original luminaire, thereby widening the scope for LED market growth. Indeed product development within LEDs is focused on development of retrofit products, greater efficiency and improved colour rendering index (CRI). Additionally manufacturers are researching newer and cheaper ways of manufacture to bring costs down. Controls are becoming more sophisticated with the trend towards greater monitoring and energy saving control systems for lighting. The average price of LED lighting products has fallen in the last 12 months driven by the growing volumes of sales, manufacturing techniques and increasing competition in the UK market. However, LED products remain significantly more costly than many alternatives restricting volume sales, particularly in the domestic sector.
Distribution is led by direct sales as many manufacturers introduce, and have a better understanding of, the new technology but this will change longer term. This channel is further supported by the dominance of larger public sector projects, which tend to source direct for greater value. Electrical wholesalers and specialist distributors are also significant players and their share is likely to grow as the technology becomes more widely established and used by the electrical contractors more widely. Retailers, including DIY, supermarket, and high street stores are the principal suppliers to the domestic market. The supply of LED products is led by five main suppliers who are estimated to account for around 80% of the market. The remainder of the market is fragmented comprising many second and third tier specialist and smaller firms.
The LED lighting market is expected to continue to experience significant growth as the new technology further penetrates the lighting market. This is likely to be supported in the short-medium term by government cutbacks hitting public sector budgets therefore prompting investment in technologies which provide reductions in long term running costs. High growth is forecast across all sectors but office, industrial and domestic use will lag behind others. All sectors will show a high level of LED share by 2020 reaching over 60% of all general lighting. Controls are a growing and important market with a number of British companies developing and expanding product ranges with international sales. The combination of controls with LED lighting will help increase the take up and result in greater efficiencies.
The government is also committed to promoting energy efficient products, through their use within public sector projects and through the introduction and strengthening of energy conservation and monitoring legislation. However, the lack of product standards in the market has led to some consumer reluctance to purchase LED lamps due to poor experiences with lower quality products in the past. This may continue to restrict growth in the short term. Product development remains important particularly in making products more affordable and with better CRI and luminance properties. The flexibility of LED lighting creates a wide market of opportunity for luminaire manufacturers to develop new and different products for different applications.
There is unlikely to be any significant short term change within the distribution structure of LED lighting products. However, it is likely that there will be greater activity in the traditional channels, reflecting the wider use of LED products in mainstream markets. In the longer term, it is likely that electrical wholesalers and retailers will grow share, as will other internet specialists, as the mainstream domestic market starts to accept the technology. In the longer term, as the domestic sector starts to adopt the new technology and with higher volumes of housing required and increasingly sophisticated, task orientated lighting being used across all markets, LED lighting will continue to see high volume growth. The market is expected to grow rapidly from 2013 to 2018, resulting in a market value estimated at around £1,050 million.