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."}