Lighting the way: Perspectives on the global lighting market (Second edition; 2012) - McKinsey
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Executive summary highlights
"The market is on a clear transition path from traditional lighting technologies to LED"
"Regulation across the globe has become more stringent, fueling the penetration of more energy-efficient light sources"
"LED prices have eroded more aggressively, pulling forward the payback time of LED lighting"
"The total market is expected to grow annually by 5 percent through to 2016, and by 3 percent thereafter until 2020"
"Asia is expected to account for approximately 45 percent of the global general lighting market by 2020"
"Value in the LED chip and package market is set to shift from backlighting to general lighting"
"The lighting control system market is already mushrooming, with a growth rate anticipated at almost 20 percent p.a."