News & Events

22 December 2021

LEDs and the worldwide market for connected lighting

CSIL Market Research Unit has issued a new edition of its report on the connected light market. It includes an analysis of main destinations (such as residential/consumer, hospitality, retail, office, institutional, healthcare, art and museum, industrial, hazardous environment, architectural outdoor lighting, street and tunnel lighting); distribution channels (projects, specialists, lifestyle, DIY, wholesalers, e-commerce); profitability (EBITDA, ROE, ROI) for around 50 players; market shares of top 50 players for LED lighting and by segment.

The report highlights:

  • The lighting market lowered in 2020 (-5.8%), but already rebound in 2021, approximately at the same level of 2018 and 2019 (+6.5%). CSIL forecasts a further growth (+5%) for 2022, for 2023 (+3.8%) and 2024 (+3.3%).
  • In 2021, connected luminaires weight around 6% on sales (in quantity) and 3% on stock. In 2023, they are estimated to reach respectively 9% on LED lighting sales and 4.5% on installed LED lighting stock.
  • The top 50 LED lighting manufacturers hold a worldwide share in excess of 40%.
  • The sector EBITDA margin (gross earnings on revenue) in the sector is stable around 10%. After the peak of 2010-2014 the number of new IP (intellectual propertypatents released on the topic Lighting is slowing down.

Contact us for further information about the report.

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