Large Lighting Manufacturers Continue to Transition to LED, as Traditional Business Shrinks

LED Lighting for business

Fabian Hoelzenbein

The lighting market continued the move toward LED technology in 2014. LED lamp revenues in 2013 were 25% of total global lamp revenues, growing to 30% in 2014 and forecast to reach 67% in 2022. A growing market for LED technology lighting means a shrinking market for halogen, compact fluorescent lamp and other traditional technologies, and larger lighting companies have struggled to adapt their businesses accordingly. At the same time, smaller and more specialized LED-only companies have entered the market, further increasing the pressure on the incumbent players.

Market leader Philips managed to increase its share in the LED lamp market, from 14% in 2013 to 17% in 2014. Runners-up Osram, Panasonic and Toshiba roughly maintained their market shares of 8%, 6% and 6%, respectively; GE increased from 3% in 2013 to 6% in 2014. Hefty losses in the traditional technology lamp market, however, meant that all top five lamp manufacturers lost market share overall.

The luminaire market is a lot more fragmented than the lamp market. Philips is the worldwide market leader, with 6% of the market, and the top 10 manufacturers combined comprising 22% of the market. Overall though, the luminaire market looks a bit brighter than the lamp market, at least for the top players. The top five companies — Philips, Acuity, Panasonic, Zumtobel and Cooper — all held on to their respective market shares in 2014; however, the pull of LED technology is also felt in the luminaire market.

LED luminaire revenue shares grew from 21% in 2013 to 23% in 2014, and this share is expected to reach 53% in 2022. The big winner here is Philips, whose LED luminaire market share increased from 4% in 2013 to 10% in 2014. Acuity Brands, which is focused on the American market, saw their share increase from 4% in 2013 to 6% last year. Acuity Brands holds 19% of the overall LED luminaire market (up from 16% in 2013). Philips is more concentrated on the European, Middle East and Africa (EMEA) market, with 12% of that market and Asia-Pacific (APAC), with 10% of that market.

It remains to be seen how leading lighting manufacturers will follow the market, as it moves toward LED. However, a strong focus on the luminaire market seems to help ease this transition, at least for the moment.
Fabian Hoelzenbein is a market analyst for lighting and LEDs at IHS. This article first appeared in IHS Electronics 360, an online publication covering the business and technology of electronics as it impacts myriad industries across the global economy. Find out more about IHS Electronics 360: http://electronics360.globalspec.com.

 

Related Articles


Changing Scene

  • LEDVANCE Expands Ontario Presence with New Specification Agent

    LEDVANCE Expands Ontario Presence with New Specification Agent

    LEDVANCE is pleased to announce the appointment of Sterling Architectural Products Ltd. (Sterling Lights) as their new specification agent in Ontario. This partnership strengthens LEDVANCE’s presence in the region and reinforces their commitment to serving the professional lighting design and specification community with innovative, reliable lighting solutions. With decades of experience and a service-driven mindset,… Read More…

  • May 29, 2025 - Eureka Wins Three 2025 Red Dot Awards for Product Design

    Eureka Wins Three 2025 Red Dot Awards for Product Design

    Eureka is pleased to announce that its Velia, Cirra, and Junction luminaires have each received a 2025 Red Dot Design Award for Product Design. It is the 11th consecutive year that Eureka products have been honored with this prestigious award, which is a testament to the company’s consistency and relentless drive to design exceptional luminaires.… Read More…


Design

  • The Difference Between Accent, Ambient & Task Lighting: Ultimate Guide

    The Difference Between Accent, Ambient & Task Lighting: Ultimate Guide

    In interior design, lighting is not just about brightening the room. Sensitive lighting layout is the key in the whole aesthetic atmosphere. An outstanding lighting solution will not rely on one type of fixture. Rather, it is through the combination of different types of lighting. Accent, ambient, and task lighting are three basic types of… Read More…

  • Graphic Office Interiors Enhance Their Office Space, Incorporating State-Of-The-Art Lighting Solutions

    Graphic Office Interiors Enhance Their Office Space, Incorporating State-Of-The-Art Lighting Solutions

    Graphic Office Interiors, a renowned office design and furnishings company serving Vancouver Island since 1966, embarked on a unique lighting project for their personal office in Saanichton, BC. This project marked the first collaboration between Kelly Inglis of Mac’s II Agencies and Graphic Office Interiors’ in-house registered interior designer, Laura Harlos. Known for their exclusive Steelcase furniture line, modular moveable… Read More…


New Products

  • Eureka Announces New Accessories for Scout Luminaire

    Eureka Announces New Accessories for Scout Luminaire

    Eureka has announced the enhancement of its Scout luminaire family with the introduction of new accessories and a new color palette. Three new diffusers have been introduced. Bell is minimalist, translucent and cloche-shaped. Pebble introduces a soft touch and an ambient glow in a distinct, oval-shaped diffuser. Orb is sleek and dome-shaped, adding a touch… Read More…

  • Amico: SOLAR ECLIPSE – 2X4 Multi-Functional Luminaire

    Amico: SOLAR ECLIPSE – 2X4 Multi-Functional Luminaire

    The Solar Eclipse Series provides a multi-functional luminaire that supports the demands of the hospital environment. The sleek and modern design merges architectural aesthetics with exceptional lighting performance to improve patient comfort while maximizing clinical efficiencies. This architectural patient room fixture offers reading, ambient, and exam functionalities and an optional night light. Multi-functional capabilities provide… Read More…