1Q 2023

Lighting Forecast Database 1Q23

Commercial, Industrial, Outdoor, and Residential Lamp and Luminaire Projections

This first edition of the Guidehouse Insights Lighting Forecast Database characterizes four end-use market segments and five lighting technologies across five principal geographies. The Database reports revenue and shipment forecasts of lamps and luminaires by technology, building/area type, construction type, and year, constituting the most comprehensive overview of the lighting market that Guidehouse Insights has published to date.

The successful commercialization and widespread adoption of LEDs has been a mixed blessing for the lighting industry. The high performance and value of LED products has prompted a wave of lighting upgrades to improve energy efficiency, but the robustness of these devices is prolonging light source lifetime and reducing hardware replacements. Low product prices have motivated consumers to adopt LEDs, but created challenging market conditions for lighting suppliers.

The Lighting Forecast Database’s purpose is to provide lighting vendors with insight into market opportunities across a range of architectural lighting segments by providing up-to-date forecasts of global lighting revenue and shipments and highlighting key dynamics across regional markets by building/area, product, and construction types. Forecasts cover the ten-year period from 2023 to 2032. The Database is updated frequently and published twice yearly.

Pages 14

Tables | Charts | Figures 17

Key Questions Addressed

How is annual lighting revenue expected to change for each global region over the next decade?
Which lighting end uses have the greatest potential for growth by 2032?
How will the revenue generated by different lighting technologies change over the next ten years?
To what extent are lighting retrofits, as compared to installations in new construction, expected to drive product shipments over the next decade?
How will the market share of LEDs change by 2032?

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