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Light Engine Market By Product Type (Lamp, Luminaire), By Installation Type (New Installation, Retrofit Installation), By End-Use Application (Indoor Lighting, Outdoor Lighting) – Growth, Future Prospects And Competitive Analysis, 2019 – 2027

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Published: | Report ID: 12418 | Report Format : PDF

Reducing Prices of LED Has Increased the Demand for Light Engine Market

Globally, the light engine market is expected to grow with a CAGR of 12.9% during the forecast period from 2019 to 2027 and has been estimated to register a market value of US$ 49.68 Bn by 2027. Rising urbanization has led to technological advancement, offering new technologies and products to consumers and industries. Light engines are similar to LEDs mounted on a board. The light engine drives the LEDs by managing thermals, providing protection, and regulating power. In addition, the light engine has various benefits, such as a reduction in cost, as these engines are connected directly to the main power by eliminating the external power supply.

Moreover, due to their direct connectivity, the design of these engines is more flexible. Additionally, the reduction in the cost of semiconductor equipments plays a vital role in the global growth of the global market. Increasing adoption of flexible light engines in residential and commercial areas is also prominently expanding the market in coming years. However, limited awareness regarding the installation costs and rapid development of alternative technologies will likely hinder this market’s growth during the forecast period.

Market Synopsis

Light Engine with Indoor Lightning in its End-User Applications Segment Continue Dominating the Market

In 2018, the indoor lightning segment dominated the overall light engine market in its industry size segment, accounting for more than 55.0% of the market revenue. It is expected to grow with a significant CAGR during the forecast period. The rising in urbanization and development in the infrastructure globally are considered the major factors driving the market globally. In addition, the rise in population and increasing need for homes and apartments is also fuelling the growth of the market.

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Asia-Pacific Dominates the Market by Region

The global light engine market led Asia-Pacific with a market share of more than 30.0% in the year 2018. The rising adoption of energy-efficient technology and development in the infrastructure in the region is expected to drive the market globally. Moreover, based on countries, the region has been segmented as China, Japan, India, and the rest of Asia-Pacific. However, China accounts for the largest share in the region due to increasing investments made by the government and private sector for the development of infrastructure and adoption power saving technologies.

Some prominent players operating in the light engine are OSRAM Licht Group, Philips Lighting Holdings B.V., Fulham Co., Inc., MaxLite, Inc., Tridonic, General Electric Company, Fusion Optix, Inc., Thomas Research Products, Cree Inc., and R.S. Components Pty Ltd.

Historical & Forecast Period 

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

The light engine market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global light engine market based on product type, installation type, end-use application, and geography.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: LE Market
2.2. Global LE Market, by Product Type, 2018 (US$ Bn)
2.3. Global LE Market, by Installation Type, 2018 (US$ Bn)
2.4. Global LE Market, by End-Use Application, 2018 (US$ Bn)
2.5. Global LE Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global LE Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Light Engine (LE) Market, by Product Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Lamp
4.3. Luminaire

5. Global Light Engine (LE) Market, by Installation Type, 2017-2027 (US$ Bn)
5.1. Overview
5.2. New Installation
5.3. Retrofit Installation

6. Global Light Engine (LE) Market, by End-Use Application, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Indoor Lighting
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.2.4 Others
6.3. Outdoor Lighting
6.3.1 Highways & Roadways Lighting
6.3.2 Architectural Lighting
6.3.3 Lighting for Public Places
6.3.4 Others

7. North America Light Engine (LE) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. North America LE Market Value and Growth, 2017-2027, (US$ Bn)
7.2. North America LE Market Value, By Product Type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America LE Market Value, By Installation Type, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America LE Market Value, By End-Use Application, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America LE Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Light Engine (LE) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Europe LE Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Europe LE Market Value, By Product Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe LE Market Value, By Installation Type, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe LE Market Value, By End-Use Application, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe LE Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Light Engine (LE) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific LE Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Asia Pacific LE Market Value, By Product Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific LE Market Value, By Installation Type, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific LE Market Value, By End-Use Application, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific LE Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Light Engine (LE) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World LE Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Rest of the World LE Market Value, By Product Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World LE Market Value, By Installation Type, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World LE Market Value, By End-Use Application 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World LE Market Value, By Region, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. OSRAM Licht Group
11.2 Philips Lighting Holdings B.V.
11.3. Fulham Co., Inc.
11.4 MaxLite, Inc.
11.5. Tridonic
11.6. General Electric Company
11.7. Fusion Optix, Inc.
11.8. Thomas Research Products
11.9. Cree Inc.
11.10. RS Components Pty Ltd.

List of Figures

FIG. 1 Global Light Engine (LE) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down& Bottom up Approach
FIG. 3 Global LE Market Segmentation
FIG. 4 Global LE Market, by Product Type, 2018 (US$ Bn)
FIG. 5 Global LE Market, by Installation Type, 2018 (US$ Bn
FIG. 6 Global LE Market, by End-Use Application, 2018 (US$ Bn)
FIG. 7 Global LE Market, by Geography, 2018 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key LE Market Manufacturers, 2018
FIG. 10 Global LE Market Value Share, by Product Type, 2018 & 2027 (Value %)
FIG. 11 Global LE Market, for Lamp, 2017–2027 (US$ Bn)
FIG. 12 Global LE Market, for Luminaire, 2017–2027 (US$ Bn)
FIG. 13 Global LE Market Value Share, by Installation Type, 2018 & 2027 (Value %)
FIG. 14 Global LE Market, by New Installation, 2017–2027 (US$ Bn)
FIG. 15 Global LE Market, by Retrofit Installation, 2017–2027 (US$ Bn)
FIG. 16 Global LE Market, by End-Use Application, 2018 & 2027 (Value %)
FIG. 17 Global LE Market, by Indoor Lighting, 2017–2027 (US$ Bn)
FIG. 18 Global LE Market, by Outdoor Lighting, 2017–2027 (US$ Bn)
FIG. 19 Global LE Market, by Others, 2017–2027 (US$ Bn)
FIG. 20 North America LE Market, 2017–2027 (US$ Bn)
FIG. 21 Europe LE Market, 2017–2027 (US$ Bn)
FIG. 22 Asia Pacific LE Market, 2017–2027 (US$ Bn)
FIG. 23 RoW LE Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Companion Animal Health Light Engine (LE) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global LE Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 5 Global LE Market, by Installation Type, 2017–2027 (US$ Bn)
TABLE 6 Global LE Market, by End-Use Application, 2017–2027 (US$ Bn)
TABLE 7 Global LE Market, by Geography, 2017–2027 (US$ Bn)
TABLE 8 North America LE Market, by Product Type, 2017–2027 (US$ Bn
TABLE 9 North America LE Market, by Installation Type, 2017–2027 (US$ Bn
TABLE 10 North America LE Market, by End-Use Application, 2017–2027 (US$ Bn)
TABLE 11 North America LE Market, by Country, 2017–2027 (US$ Bn)
TABLE 12 Europe LE Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 13 Europe LE Market, by Installation Type, 2017–2027 (US$ Bn
TABLE 14 Europe LE Market, by End-Use Application, 2017–2027 (US$ Bn)
TABLE 15 Europe LE Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 16 Asia Pacific LE Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific LE Market, by Installation Type, 2017–2027 (US$ Bn)
TABLE 18 Asia Pacific LE Market, by End-Use Application, 2017–2027 (US$ Bn)
TABLE 19 Asia Pacific LE Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 20 Rest of the World LE Market, by Product Type, 2017–2027 (US$ Bn
TABLE 21 Rest of the World LE Market, by Installation Type, 2017–2027 (US$ Bn)
TABLE 22 Rest of the World LE Market, by End-Use Application, 2017–2027 (US$ Bn)
TABLE 23 Rest of the World LE Market, by Region, 2017–2027 (US$ Bn)
TABLE 24 OSRAM Licht Group: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Philips Lighting Holdings B.V.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Fulham Co., Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Fulham Co., Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Tridonic.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Tridonic: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Fusion Optix, Inc..: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 General Electric Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32 Thomas Research Products.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33 Cree Inc..: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34 RS Components Pty Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Frequently Asked Questions

What is the size of Light Engine Market?

The market for Light Engine is expected to reach US$ 49.68 Bn in 2027.

What is the Light Engine Market CAGR?

The Light Engine market is expected to see significant CAGR growth over the coming years, at 12.9%.

What is the Forecast period considered for Light Engine Market?

The report is forecasted from 2019-2027.

What is the base year considered for Light Engine Market?

The base year of this report is 2018.

Who are the major players in this market?

OSRAM Licht Group, Philips Lighting Holdings B.V., Fulham Co., Inc., MaxLite, Inc., Tridonic, General Electric Company, Fusion Optix, Inc., Thomas Research Products are some of the major players in the global market.

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