Japan LED Lighting Market Growth, Size, Trends, Revenue, Challenges and Future Competition
Japan LED Lighting Market Size- By Product Type, By Application, By Installation Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2023 | Report ID: IACT23117 | Pages: 1 - 103 | Formats*: |
| Category : Information & Communications Technology | |||
Japan LED Lighting Market Overview
According to SPER Market Research, the Japan LED Lighting Market is estimated to reach USD 14.76 billion by 2033 with a CAGR 8.86%.
LED lighting has grown in popularity due to its low energy consumption and several advantages over more lighting choices. LEDs are semiconductor devices that emit light when a current circulates through them. They use less energy than incandescent and fluorescent lights and are therefore more cost-effective and environmentally friendly. LEDs have a much longer lifespan than incandescent bulbs, lasting up to 25 times as long. They're also resistant to shock, vibration, and high temperatures. LED lighting improves lighting quality by reproducing colours accurately and providing quick illumination. It is easily dimmable, providing for adjustable lighting levels. LEDs provide design versatility and can be used for a variety of lighting applications. They may be linked into smart lighting systems for easy control and energy management.
Exploring the Growth Drivers of the Japan LED Lighting Industry
The Japan LED lighting market in Japan has grown significantly as a result of numerous important drivers. The government's policies and legislation promoting energy efficiency and environmental sustainability are one of the key drivers fueling this rise. Japan has actively promoted LED lighting as a means of reducing energy use and combating climate change. Government programmes such as the Top Runner Programme and the Cool Earth 50 Strategy have established energy efficiency targets and standards, promoting the use of LED lighting systems. LED lighting technological improvements and developments are another growth driver. Japan has a strong R&D sector, and companies are constantly increasing the efficiency, performance, and quality of LED lighting products.
What challenges does the Japan LED Lighting Market face?
The challenges facing the Japan LED lighting market include competition from low-cost foreign manufacturers, market saturation leading to intense competition, the initial cost of installations being a deterrent for some, the complexity of technology for end-users, and ensuring product quality and reliability. The proliferation of cheaper LED equivalents from other nations makes it difficult for Japanese producers to compete exclusively on price. Due to market saturation, businesses must differentiate themselves through innovation and quality. LED installation costs might be prohibitively expensive for budget-conscious households and companies. Users with minimal technical skills require simplified solutions and customer assistance. Maintaining consumer confidence requires maintaining consistent quality standards and addressing product performance concerns.
In what ways has the COVID-19 pandemic affected Japan LED Lighting Market?
The COVID-19 epidemic has had a major effect on the Japan LED lighting market. During this time, the LED lighting sector, like many other industries, faced changes and problems. One of the most significant consequences was a decrease in demand, notably in the commercial and industrial sectors. With lockdowns, restrictions, and decreased economic activity, many businesses postponed or cancelled lighting installations, causing the market to decline. The epidemic also impacted worldwide supply lines, resulting in LED lighting component and product shortages and delays. Manufacturing, transportation, and trade restrictions all have an impact on LED lighting production and distribution, causing supply chain interruptions and longer lead times. These difficulties aggravated the market demand drop.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Application, By Installation Type |
| Regions covered | Kanto Region, Kinki Region, Tohoko Region, Chugoku Region, Rest of Japan |
| Companies Covered | ATEX Co Ltd, Eaton Industries, Endo Lighting Corporation, Everlight Japan Corporation, GE Lighting, Nichia Corporation, OSRAM, Seoul Semiconductor. |
Key Target Audience:
- Residential Consumers
- Commercial and Industrial Sector
- Government and Public Sector
- Architects and Designer
- Lighting Professionals and Contractors
Japan LED Lighting Market Segmentation:
1. By Product Type:
- Japan LED Lighting Market Value Share and Forecast, By Product Type, 2023-2033
- Panel Lights
- Down Lights
- Street Lights
- Tube Lights
- Bulbs
2. By Application:
- Japan LED Lighting Market Value Share and Forecast, By Application, 2023-2033
- Commercial
- Residential
- Institutional
- Industrial
3. By Installation Type:
- Japan LED Lighting Market Value Share and Forecast, By Installation Type, 2023-2033
- New Installation
- Retrofit Installation
4. By Region:
- Kanto Region
- Kinki Region
- Central/Chubu Region
- Tohoko Region
- Chugoku Region
- Rest of Japan
Key Topics Covered in the Report:
- Japan LED Lighting Market Size (FY’2023-FY’2033)
- Overview of Japan LED Lighting Market
- Segmentation of Japan LED Lighting Market By Product Type (Bulbs, Down Lights, Panel Lights, Street Lights, Tube Lights, Others)
- Segmentation of Japan LED Lighting Market By Application (Commercial, Residential, Institutional, Industrial)
- Segmentation of Japan LED Lighting Market By Installation Type (New Installation, Retrofit Installation)
- Statistical Snap of Japan LED Lighting Market
- Growth Analysis of Japan LED Lighting Market
- Problems and Challenges in Japan LED Lighting Market
- Competitive Landscape in the Japan LED Lighting Market
- Impact of COVID-19 and Demonetization on Japan LED Lighting Market
- Details on Recent Investment in Japan LED Lighting Market
- Competitive Analysis of Japan LED Lighting Market
- Key Players in the Japan LED Lighting Market
- SWOT Analysis of Japan LED Lighting Market
- Japan LED Lighting Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Japan LED Lighting Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Japan LED Lighting Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Japan LED Lighting Market
7. Japan LED Lighting Market, By Product Type (USD Million)
7.1. Japan LED Lighting Market Value Share and Forecast, By Product Type, 2023-20337.2. Panel Lights7.3. Down Lights7.4. Street Lights7.5. Tube Lights7.6. Bulbs7.7. Others
8. Japan LED Lighting Market, By Application(USD Million)
8.1. Japan LED Lighting Market Value Share and Forecast, By Application, 2023-20338.2. Commercial8.3. Residential8.4. Institutional8.5. Industrial
9. Japan LED Lighting Market, By Installation Type (USD Million)
9.1. Japan LED Lighting Market Value Share and Forecast, By Installation Type, 2023-20339.2. New Installation9.3. Retrofit Installation
10. Japan LED Lighting Market Forecast, 2019-2033 (USD Million)
10.1. Japan LED Lighting Market Size and Market Share
11. Japan LED Lighting Market, By Product Type, 2019-2033 (USD Million)
11.1. Japan LED Lighting Market Size and Market Share by Product Type (2019-2026)11.2. Japan LED Lighting Market Size and Market Share by Product Type (2027-2033)
12. Japan LED Lighting Market, By Application, 2019-2033 (USD Million)
12.1. Japan LED Lighting Market Size and Market Share by Application (2019-2026)12.2. Japan LED Lighting Market Size and Market Share by Application 2027-2033)
13. Japan LED Lighting Market, By Installation Type, 2019-2033 (USD Million)
13.1. Japan LED Lighting Market Size and Market Share by Installation Type (2019-2026)13.2. Japan LED Lighting Market Size and Market Share by Installation Type (2027-2033)
14. Japan LED Lighting Market, By Region, 2019-2033 (USD Million)
14.1. Japan LED Lighting Market Size and Market Share by Region (2019-2026)14.2. Japan LED Lighting Market Size and Market Share by Region (2027-2033)14.3. Kanto Region14.4. Kinki Region14.5. Central/Chubu Region14.6. Tohoko Region14.7. Chugoku Region14.8. Rest of Japan
15. Company Profile
15.1. ATEX Co. Ltd.15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Eaton Industries15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Endo Lighting Corporation15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Everlight Japan Corporation15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. GE Lighting15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Nichia Corporation15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. OSRAM15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. Seoul Semiconductor15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Japan LED Lighting Market is projected to reach USD 14.76 billion by 2033, growing at a CAGR of 8.86% during the forecast period.
Japan LED Lighting Market grew in market size from 2023. The Market is expected to reach USD 14.76 billion by 2033, at a CAGR of 8.86% during the forecast period.
Japan LED Lighting Market CAGR of 8.86% during the forecast period.
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Japan LED Lighting Market size is USD 14.76 billion from 2023 to 2033.
Japan LED Lighting Market Segment is Covered By Product Type, By Application, By Installation Type
The Asia-Pacific region is anticipated to have the highest market share in Japan LED Lighting Market.
The key players in the market include Companies Covered ATEX Co Ltd, Eaton Industries, Endo Lighting Corporation, Everlight Japan Corporation, GE Lighting, Nichia Corporation, OSRAM, Seoul Semiconductor.
The government's policies and legislation promoting energy efficiency and environmental sustainability are one of the key drivers fueling this rise.
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