Global Led Lighting Market, By Product (Led Bulbs, Led Fixtures, Bare Led Tubes, Led Down Lights And Others), By End-Use Industry (Residential, Commercial & Industrial), By Application (Outdoor, Indoor, Backlight, Automotive And Others), By Distribution Channel (Retail Distributors And Online Suppliers), By Region (North America, Europe, Asia Pacific, Middle East & Africa And Latin America); Size And Forecast, 2014-2025
The research process began with obtaining historical market sizes of the entire LED lighting market and the share of each type of segmentation, through exhaustive secondary research to understand the potential of the market under the prevailing market environment during the past years. The growth rate of the market and its segments was studied with a comparative approach to understand the impact of factors that shaped the market during the recent past.
The next step involved the study of present market environment that is influencing the LED lighting market and its expected long-term impact. Weightage was given to several forces that are expected to affect the LED lighting market, during the forecast period. Based on the interim analysis, the market numbers were formulated for each of the forecast years for every segment.
4. Primary Research
Various industry experts including CEOs, presidents, vice presidents, directors, sales managers, products managers, organization executives and other key people of the global LED lighting market were interviewed. The third step involved validation of hypothesis through segmented primary research with the key opinion leaders in the industry, including the company representatives, experts from distributer agencies, service providers and other industry experts. The primary research helped in assessing the gathered and assumed data with the real-time experience of industry representatives. This also led to modification in certain assumptions that were taken during the process of preliminary research. The analysts arrived at solid data points after the completion of primary research process.
In the fourth step, the market engineering was conducted, where the data points collected through secondary and primary sources were compiled to compute the final market sizes.
4.1 Breakdown of Primary Research Respondents, By Industry Participants
5. Market Size Estimation
Top-down approach has been followed to obtain the market size by country. Bottom-Up approach has been followed to obtain market size by product type and by end-user.
An amalgamation of bottom-up and top-down approach has been performed to determine the revenue.
6. Assumptions for the Study
The macro-economic factors would remain same during the forecast period.
The market players would exhibit consistent performance during the forecast period without having any adverse ripple effects on the industry.