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Summary
The global market for lamps and bulbs has continued to thrive since 2020, with an emphasis on energy efficiency and smart lighting. The market, which was valued at $118.3 billion, was projected to grow to $163.7 billion by 2027, registering a CAGR of 4.3% from 2020. A substantial portion of this growth is attributed to the LED lighting market, which stood at $5.91 billion in 2020 and is forecasted to experience a CAGR of 12.5% from 2021 to 2028. Regionally, Asia-Pacific has been leading with a market share of $55.84 billion, signaling the dominance of consumption in this area. The construction sector, having shown relative stability, continues to be a key driver of demand for lighting products. Despite the COVID-19 pandemic causing a downturn in turnover for 48.7% of Italian lighting companies in 2020, the market is poised for opportunities, especially in smart and efficient lighting solutions and in the renovation market, where there is potential for significant energy savings and maintenance cost reductions.
Analysis of Lighting Market Trends and Demand in Italy
The lighting market in Italy has been undergoing significant changes, reflecting the country's advancements in energy efficiency and environmental considerations. As part of the broader Italian lighting sector, the bulb and lamp sub-segment plays a substantial role in the national economy and manifests positive signs of growth. However, this market is not immune to the challenges posed by rapidly evolving consumer needs that gravitate towards environmentally-friendly and cost-efficient options. Italian companies, therefore, face the imperative to adapt their production and marketing strategies to accommodate a shift towards smart lighting and LED technologies, which stand at the forefront of lighting solutions. The Italian lighting market is valued between €2.5 and €3 billion, providing employment for around 7,500 to 9,000 individuals. Notably, the LED market in Italy was estimated to reach €1.5 to €1.7 billion by 2020, marking a €500 to €700 million increase. This upward trajectory is underpinned by the rising demand for efficient and smart lighting solutions, particularly in office spaces within the tertiary sector.
Public lighting, despite being vital for municipal functions, represents a modest segment with just over €400 million in potential sales. The construction sector equally demonstrates a steady performance, maintaining a nearly consistent turnover over recent years. Office construction investments in 2021 saw a significant reduction, but the growth of leased office spaces in cities like Milan and Rome suggests an opportunity for lighting sales to increase in response to a positive economic climate. Nonetheless, the influence of the pandemic and the trend towards smart-working remain factors to assess in forecasting demand. Examining the production, there has been stability in the lighting equipment manufacturing, but retail trade saw a decrease in the number of businesses and employees due to competition from discount chains and stores. This dichotomy underscores a fragmented and varied market structure, where companies operate across different segments like transportation, healthcare equipment, and other specialized areas.
The global LED market, represented by a complex distribution chain, is indicative of a highly competitive market with numerous small firms and assembly companies, predominantly owned by Chinese entities. Importers often face the dilemma of selecting between selling to established Italian wholesalers or directly to customers, striking a balance between volume and markup profitability. Public lighting represents a massive area of growth, with millions of outdated and inefficient streetlights across the country. There has been an increasing adoption of LED lighting with smart capabilities, yet the vast majority of lighting points remain obsolete or inefficient.
Key Market Players in the Italian Bulb and Lamp Sector The Italian bulb and lamp market is a dynamic landscape where several prominent companies are positioning themselves as innovators and leaders. Each player has carved out a niche by specializing in certain segments or by providing a broad range of lighting solutions. The following is an overview of some of the main actors within this vibrant industry.
- Artemide Group : A well-regarded name in the design world, Artemide Group is synonymous with innovative, high-quality lighting. With a focus on design and technology, Artemide lamps are considered iconic, blending aesthetics and functionality in both residential and professional environments.
- Helios quartz : As a company specializing in the production of quartz glass UV lamps, Helios quartz plays a significant role in various applications including sterilization, disinfection, and polymerization. Their products cater to a wide range of industries, from medical to industrial sectors.
- IGUZZINI LIGHTING : Operating at the intersection of architectural prowess and lighting science, IGUZZINI LIGHTING has made a name for itself as a creator of high-end, technically sophisticated lighting systems. Their portfolio ranges from indoor to outdoor applications, improving the illumination of both public and private spaces.
- Magneti Marelli (Groupe CK Holdings) : As a staple in the automotive equipment manufacturing sector, Magneti Marelli supplies advanced lighting systems, including the latest LED and Xenon technologies, to vehicle manufacturers worldwide. Their expertise is critical in enhancing safety and design features of automobiles.
- BEST-LIGHT : Focused on professional lighting, BEST-LIGHT deals with a range of solutions that cater to sectors such as commercial, industrial, and even sports facilities. Their profile includes providing energy-efficient lighting systems which are essential for modern infrastructure.
- GSC LIGHTING & CONSULTING : Small yet specialized, GSC LIGHTING & CONSULTING provides consultancy services alongside a portfolio of lighting products. They have carved a niche for themselves by offering personalized lighting solutions that meet unique customer needs.
- Zonca International : Standing out for its contributions to luxury lighting, Zonca International combines elegance with functionality. Their bespoke lighting ranges from classic to contemporary styles, adorning hotels, private residences, and yachts with a touch of sophistication.
- PREARO LIGHT COLLECTIONS : Fostering a blend of art and illumination, PREARO LIGHT COLLECTIONS is renowned for its artisanal craftsmanship.
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- Number of pages : 30 pages
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- Last update : 05/03/2022
Summary and extracts
1 Market Summary
1.1 Definition and presentation
The bulb and lamp market is a sub-segment of the broader lighting market and consists of:
- Bulbs: A lighting device, consisting of a transparent or translucent, gas-tight enclosure containing a luminous body.
- Lamps: Any lighting device used to distribute, fit or transform light from bulbs.
There are several types of bulbs, the main ones being incandescent bulbs, fluorescent bulbs, halogen bulbs, and LEDs.
The Italian lighting sector in turn is divided into indoor or outdoor products, decorative or technical. In Italy, lighting is a leading segment of the national economy and accounts for a considerable portion of exports. The value of production in fact shows positive signs in recent years, but will have to deal with a rapid transformation of the needs of consumers increasingly attentive to the environment and cost efficiency, and a constantly changing regulation. Therefore, the offer of Italian companies will have to be able to anticipate and manage these transformations and adapt both production and marketing towards an increasing focus on smart lighting and LEDs.
1.2 Global Market
The global market for lamps and bulbs has grown significantly in recent years. Certain developing regions such as Asia, the Middle East, and Africa are leading the market due to their increasing urbanization. Trends such as LEDs or IoT are also contributing to the dynamic demand.
The market was estimated at ...
1.3 The Italian market
The Italian lighting market is estimated at *.* billion euros and **** employees.
Already in ****, the Italian lighting industry recorded a decline of *.*% in total turnover. This was caused mainly by the decline in domestic demand (***) and the general flattening of consumption.
Domestic Market Value and Total Turnover, Lighting Italy, ****-****, millions of ...
1.4 Exports and Imports
From what emerges from the data reported by ASSIL in the report "Sector Data ****", published in December ****, it can be seen that, during the years ****-****, Italy had a positive trade balance, as far as the lightining sector is concerned with exports exceeding imports by about *** million.
Imports and Exports Italy, ...
1.5 Impact of Covid
According to a survey conducted by ASSIL, the national association of federated lighting manufacturers, on a group of companies with a total turnover of *.* billion euros, **** employees and **% of the Italian lighting market, **.*% of companies have suffered a reduction in turnover of between **% and **% in ****.
Among the reasons for this reduction, ...
2 Demand Analysis
2.1 Demand Driven by 4 Sectors
Lamps and bulbs are used by industry, communities, and the general public [***]. The two industries that consume the most light bulbs are the automotive sector for vehicle headlights and the construction sector for building equipment. Both industries have been doing relatively well since ****, but were hit hard by the pandemic crisis. Local ...
2.2 The Automotive Sector
The consumption of lamps and bulbs is important in the automotive industry and is used in particular for the production of headlights and other lighting systems. Vehicle manufacturing is therefore an important outlet for the sector, especially in Europe, where it is highly developed. Three types of bulbs are most commonly ...
2.3 The construction sector
The construction industry is experiencing a time of relative stability. This is evidenced by the turnover of the last * years of an industry that has remained almost stable.
Evolution of Turnover Construction of Buildings Italy, ****-****, billion euros ISTAT
Tertiary real estate
We have said that the tertiary sector, both in ...
2.4 Public lighting
In Italy there is a streetlight for public lighting every * inhabitants, in total there are about ** million lighting points, and it is estimated that are currently brought to LED about *.*. million of the total streetlights, of which ***,*** are to be considered intelligent lighting points with timed variation of luminance or lighting ...
2.5 Lamps: A Constantly Growing Demand
Demand for lamps, on the other hand, has been steadily increasing for years. This is also evidenced by the increase in the production value of bedside and desk lamps and electric interior lamps. This mainly refers to the consumer segment of the general public. In fact, household consumption of lamps and ...
3 Market Structure
3.1 Fragmented, protean supply and declining production
The number of companies operating in the manufacture of lighting equipment increased sharply between **** and ****, after a period of decline caused by the strong pressure on prices exerted by competition from countries with cheap labor (***). The number of employees has also followed the same trend in recent years.
Number of Companies ...
3.2 The key role of the relationship between private and public for the future of the sector
Given the sheer volume of funding needed for infrastructure renewal, smart cities must consider innovative funding strategies in order to become a reality. From initiatives to improve public health and expanding access to Wi-Fi and promoting affordable housing, municipalities are forging innovative partnerships to improve the quality of life for their ...
3.3 Distribution chain in the Led market
Below we find representation of the distribution chain that characterizes the LED market.
The main components of LED products, LED diodes, are highly technical products. Manufacturers often have to deal with assembly companies that differ significantly in volume and dynamics from LED diode manufacturers. The defined working relationship between the diode ...
3.4 Alternative methods of sale: ecommerce
In the field of lighting products distribution, especially LED products distribution, some companies use custom e-commerce or specific marketplaces to offer potential buyers another way to purchase. Business-to-consumer (***) e-commerce is one of the few sectors in Italy that has not been affected by the crisis and continues to see growth in ...
4 Analysis of the offer
4.1 Type and comparison of products and prices offered
As for light bulbs, there are different types with different basic technologies used today in Italy
The incandescent light bulb: This light bulb invented in **** by Thomas Edison is the one that revolutionized the world, but its technology is now outdated. In fact, it is very energy-intensive and not very environmentally ...
4.2 New trends in supply
Booming LED market
The global LED market is growing. This is because LED technology tends to replace other types of lighting because of its low energy consumption. If we take into account that about **% of the country's energy consumption is for urban lighting, the item "Public lighting" is clearly one of ...
5 Rules and Regulations
5.1 European Regulation and Ecological Transition
Many standards on the lighting market are not specific to the Italian market, but have been harmonized at the European level. These are the Low Voltage Directive and the EMC Directive that have laid the foundations for the rules that lamps must comply with in Europe
First of all, the CE ...
6 Positioning of actors
6.1 Segmentation
- Artemide Group
- Helios quartz
- IGUZZINI ILLUMINAZIONE
- Marelli Europe
- BEST-LIGHT
- ITAL ENGINEERING
- GSC LIGHTING & CONSULTING
- Zonca lighting
- PREARO COLLEZIONI LUCE
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