Japan LED Lighting Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 3.62 Billion |
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Market Size (2030) | USD 4.58 Billion |
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Largest Share by Indoor Lighting | Industrial and Warehouse |
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CAGR (2024 - 2030) | 4.00 % |
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Fastest Growing by Indoor Lighting | Agricultural Lighting |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Japan LED Lighting Market Analysis
The Japan LED Lighting Market size is estimated at 3.62 billion USD in 2024, and is expected to reach 4.58 billion USD by 2030, growing at a CAGR of 4.00% during the forecast period (2024-2030).
3.62 Billion
Market Size in 2024 (USD)
4.58 Billion
Market Size in 2030 (USD)
2.42 %
CAGR (2017-2023)
4.00 %
CAGR (2024-2030)
Largest Segment by Automotive Utility Lighting
41.17 %
value share, Headlights, 2023
The total sales of LED were expected to reach 303.2 million by the end of 2023. The Japanese government set the policy for automakers to manufacture vehicles with automated headlamps.
Largest Segment by Automotive Vehicle Lighting
76.18 %
value share, Passenger Cars, 2023
The volume of LED penetration in this category was expected to reach 56.6 million by the end of 2023. In 2022, approximately 6.57 million passenger cars were produced in Japan.
Largest Segment by Indoor Lighting
69.18 %
value share, Industrial and Warehouse, 2023
The total sales of LED in this category were expected to reach 1129.0 million by the end of 2023. The commercial real estate price index in Tokyo in 2022 was 144.8, up 10.2% from 2021.
Largest Segment by Outdoor Lighting
65.97 %
value share, Public Places, 2023
The volume of LED penetration in this category was expected to reach 178.3 million. The total revenue of Japanese amusement and theme parks in 2022 was about JPY 600 billion.
Leading Market Player
27.78 %
market share, Panasonic Holdings Corporation, 2022
The company's eco-friendly LED lights are valued for achieving energy savings of 50% or more compared to older fluorescent lighting.
Increasing development in the industrial sector and commercial office demand states to drive market growth
- In terms of value share, in 2023, the industrial and warehouse segment accounts for a majority share, followed by commercial. Japan's economy expanded more than expected in the opening quarter of 2019. Japan's economy grew at an annual rate of 1.8%. This has led to a major demand for LED lighting in all sectors, mainly in the industrial and commercial segments. The COVID-19 era increased the demand for e-commerce goods, leading to more demand for LED lighting, majorly in B2C. Currently, the market demand is increasing for both sectors. In 2022, the supply increased, leading to low LED pricing. In Q4 2022, the commercial property price index for retail properties, warehouses, factories, apartment buildings, and commercial and industrial land in Japan stood at 146.6, down from 155.4 points in the previous quarter.
- In volume share, commercial accounts for the majority of the share, and then residential stands at the second spot. Over the next six months in 2023, new supply is expected to triple from 2022, at around 1.5 times higher than the 10-year historical average in Tokyo Central 5 Wards Grade A office. With the onset of the pandemic in 2020, residential land prices plunged 0.5% in 2021. However, despite the long-term trend, housing demand remained strong in the country鈥檚 metropolitan areas. Sapporo is expected to have major residential demand, having an 11.8% growth rate in 2023.
- In terms of development, the market is expected to see major demand growth in agriculture and industrial lighting. In terms of area, only 12% of Japan鈥檚 land was dedicated to agriculture in 2020. In the coming year, this number is expected to decrease further, leading to the penetration of commercial greenhouses, which will cater to more demand for LEDs.
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Japan LED Lighting Market Trends
Increasing number of households drive the growth of the LED lighting market
- In 2021, the overall population of Japan was estimated to be 125.51 million. Given a rising population boost, a rise in residential space availability is anticipated. Approximately 859,500 houses were built in the country in 2022. Increased government spending, housing program subsidies, and the government's anticipated focus on major infrastructure projects are expected to contribute to Japan's residential market expansion. This is anticipated to lead to higher LED sales in the residential sector. Consequently, more commercial land is expected to be purchased due to the drop in commercial real estate prices, thus contributing to an increased use of LEDs in coming years.
- Around 55.7 million private households existed in Japan in 2020. 糖心vlog传媒 54.2% were nuclear families, and 38.1% were single-person households. In 2021, Japan had 55.6 million homes. In 2021, the indicator showed a 0.6% Y-o-Y growth. The indicator increased by 8.5% from 2010 to 2021. In 2022, there were 2.2 household members on average and an estimated 4.4 rooms per home. The expansion of LEDs in Japan is expected to be fueled by the increased number of households.
- Nearly 46.1% of households in Japan had one passenger car as of August 31, 2020. The number of newly registered motor cars in Japan fell from roughly 4.45 million the year before to about 4.2 million in 2022. In 2022, Japan saw the registration of almost 4.2 million new cars. These registrations exhibit the growing market for LEDs in the automobile sector.
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Increasing aging and shrinking population are expected to hinder the growth and demand for real estate
- In 2022, construction for owned housing complexes began at about 253,300 projects in Japan. Owner-occupied home developments fell by 11.3% from the previous year. Though new house constructions are developing yearly, the growth percentage has declined. This suggests that the increase in properties is expected to create more LED penetration for the need for illumination in the country.
- Disposable income in Japan is high compared to other developing nations. For instance, in 2022, India had USD 2301.4, Vietnam 3716.8, and China USD 12,732.5, which resulted in the rising spending power of individuals and affording more money on new residential spaces. Japan's per capita income reached USD 33,911.2 in December 2022, compared with USD 39,916.1 in December 2021. Compared to 2021, the disposable income was reduced because Japan鈥檚 economic growth slowed in 2022 compared with 2021, as economic activity was affected by high commodity prices, supply-side constraints, and the impact of the COVID-19 pandemic.
- Japan's population has decreased for the 12th year in a row due to increased deaths and declining birth rates. In 2022, there were 124.49 million people, a decrease of 556,000 from the year before. This suggests that the average household size will decrease in the coming years, and it is further expected that the number of house owners will reach a saturation point.
- The Tokyo Metropolitan Government started a campaign in 2017 to encourage families to switch to LED bulbs to save energy. The campaign encouraged locals to take advantage of the energy-saving features of LED lamps. This program is expected to reduce the nation's electricity consumption and encourage the adoption of LED lighting.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Technology upgradation and increasing demand for EVs drive the LED lighting market's growth
- Increasing auto loans and government subsidies drive the growth of the LED lighting market
- High penetration of headlights and taillights and increasing light motor vehicle sales drive market growth
- Rise in residential and commercial construction, smart city projects, and government campaigns promote the use of LED lights
- The market is driven by government initiatives to increase the use of energy-efficient lights and banning of batteries containing mercury and fluorescent light
- The market is driven by technology advancement and government LED projects to promote horticulture in the country
- Increasing number of households and the growing real estate industry drive the growth of the LED market
- An increase in imported cars and government subsidies for the purchase of EVs drive the growth of the LED lighting market
- High export of LED products and increasing number of supportive government policies and campaigns promote the use of LED lights
- Innovative technology for traffic flow monitoring systems and investment in public roads drive market growth
- Construction of new stadiums and installation of LED lights to drive the growth of the market
Japan LED Lighting Industry Overview
The Japan LED Lighting Market is fairly consolidated, with the top five companies occupying 68.99%. The major players in this market are ENDO Lighting Corporation, Koito Manufacturing Co. Ltd, Nichia Corporation, Panasonic Holdings Corporation and Stanley Electric Co. Ltd (sorted alphabetically).
Japan LED Lighting Market Leaders
ENDO Lighting Corporation
Koito Manufacturing Co. Ltd
Nichia Corporation
Panasonic Holdings Corporation
Stanley Electric Co. Ltd
Other important companies include Grupo Antolin Irausa SA, HELLA GmbH & Co. KGaA, Marelli Holdings Co. Ltd, OSRAM GmbH, Toshiba Corporation.
*Disclaimer: Major Players sorted in alphabetical order.
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Japan LED Lighting Market News
- December 2023: The company contributed to visionary light wall in CoorsTek office gallery with "Traxon Dot XL" lighting.
- October 2023: The company launched Wi-Fi enabled smart LED bulb with multi-colour options and automated scheduling functions.
- June 2023: The company light up the Tokyo Dome with around 400 Panasonic LED floodlights, 2KW equivalent. In March 2017, 300 LED floodlights installed in the infield.
Free with this Report
We provide a complimentary and exhaustive set of data points on the country and regional level metrics that present the fundamental structure of the industry. Presented in the form of 40+ free charts, the sections cover difficult to find data on various countries on Automotive Production, Lighting Electricity Consumption, Road Network, Number of Stadiums, Number of Charging Stations among others.
Japan LED Lighting Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study鈥�
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Automotive Production
2.2. Population
2.3. Per Capita Income
2.4. Interest Rate For Auto Loans
2.5. Number Of Charging Stations
2.6. Number Of Automobile On-Road
2.7. Total Import Of LEDs
2.8. Lighting Electricity Consumption
2.9. # Of Households
2.10. Road Networks
2.11. LED Penetration
2.12. # Of Stadiums
2.13. Horticulture Area
2.14. Regulatory Framework
2.14.1. Indoor Lighting
2.14.1.1. Japan
2.14.2. Outdoor Lighting
2.14.2.1. Japan
2.14.3. Automotive Lighting
2.14.3.1. Japan
2.15. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Indoor Lighting
3.1.1. Agricultural Lighting
3.1.2. Commercial
3.1.2.1. Office
3.1.2.2. Retail
3.1.2.3. Others
3.1.3. Industrial and Warehouse
3.1.4. Residential
3.2. Outdoor Lighting
3.2.1. Public Places
3.2.2. Streets and Roadways
3.2.3. Others
3.3. Automotive Utility Lighting
3.3.1. Daytime Running Lights (DRL)
3.3.2. Directional Signal Lights
3.3.3. Headlights
3.3.4. Reverse Light
3.3.5. Stop Light
3.3.6. Tail Light
3.3.7. Others
3.4. Automotive Vehicle Lighting
3.4.1. 2 Wheelers
3.4.2. Commercial Vehicles
3.4.3. Passenger Cars
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
4.4.1. ENDO Lighting Corporation
4.4.2. Grupo Antolin Irausa SA
4.4.3. HELLA GmbH & Co. KGaA
4.4.4. Koito Manufacturing Co. Ltd
4.4.5. Marelli Holdings Co. Ltd
4.4.6. Nichia Corporation
4.4.7. OSRAM GmbH
4.4.8. Panasonic Holdings Corporation
4.4.9. Stanley Electric Co. Ltd
4.4.10. Toshiba Corporation
5. KEY STRATEGIC QUESTIONS FOR LED CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter鈥檚 Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AUTOMOTIVE PRODUCTION, MILLION, JAPAN, 2017 - 2030
- Figure 2:
- HUMAN POPULATION IN MILLION, NUMBERS, JAPAN, 2017 - 2030
- Figure 3:
- PER CAPITA INCOME, USD, JAPAN, 2017 - 2030
- Figure 4:
- INTEREST RATE FOR AUTO LOANS, %, JAPAN, 2017 - 2022
- Figure 5:
- COUNT OF CHARGING STATIONS, NUMBER, JAPAN, 2017 - 2030
- Figure 6:
- COUNT OF AUTOMOBILES ON-ROAD IN MILLION, NUMBERS, JAPAN, 2017 - 2030
- Figure 7:
- VALUE OF LED IMPORTS, USD MILLION, JAPAN, 2017 - 2030
- Figure 8:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, JAPAN, 2017 - 2030
- Figure 9:
- COUNT OF HOUSEHOLDS, MILLION, JAPAN, 2017 - 2030
- Figure 10:
- LENGTH OF ROAD NETWORKS, KM, JAPAN, 2017 - 2030
- Figure 11:
- LED PENETRATION, %, JAPAN, 2017 - 2030
- Figure 12:
- COUNT OF STADIUMS, NUMBER, JAPAN, 2017 - 2030
- Figure 13:
- HORTICULTURE AREA, HECTARE, JAPAN, 2017 - 2030
- Figure 14:
- VOLUME SALES OF JAPAN LED LIGHTING MARKET, NUMBER, JAPAN, 2017 - 2030
- Figure 15:
- VALUE SALES OF JAPAN LED LIGHTING MARKET, USD, JAPAN, 2017 - 2030
- Figure 16:
- VOLUME SALES OF LED FIXTURES BY INDOOR LIGHTING, NUMBER, JAPAN, 2017 - 2030
- Figure 17:
- VALUE SALES OF LED FIXTURES BY INDOOR LIGHTING, USD, JAPAN, 2017 - 2030
- Figure 18:
- VALUE SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, JAPAN, 2017 - 2030
- Figure 19:
- VOLUME SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, JAPAN, 2017 - 2030
- Figure 20:
- VOLUME SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, NUMBER, JAPAN, 2017 - 2030
- Figure 21:
- VALUE SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, USD, JAPAN, 2017 - 2030
- Figure 22:
- VOLUME SALES OF LED FIXTURES BY COMMERCIAL, NUMBER, JAPAN, 2017 - 2030
- Figure 23:
- VALUE SALES OF LED FIXTURES BY COMMERCIAL, USD, JAPAN, 2017 - 2030
- Figure 24:
- VALUE SHARE OF LED FIXTURES BY COMMERCIAL, %, JAPAN, 2017 - 2030
- Figure 25:
- VOLUME SHARE OF LED FIXTURES BY COMMERCIAL, %, JAPAN, 2017 - 2030
- Figure 26:
- VOLUME SALES OF LED FIXTURES IN OFFICE, NUMBER, JAPAN, 2017 - 2030
- Figure 27:
- VALUE SALES OF LED FIXTURES IN OFFICE, USD, JAPAN, 2017 - 2030
- Figure 28:
- VOLUME SALES OF LED FIXTURES IN RETAIL, NUMBER, JAPAN, 2017 - 2030
- Figure 29:
- VALUE SALES OF LED FIXTURES IN RETAIL, USD, JAPAN, 2017 - 2030
- Figure 30:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, JAPAN, 2017 - 2030
- Figure 31:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, JAPAN, 2017 - 2030
- Figure 32:
- VOLUME SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, NUMBER, JAPAN, 2017 - 2030
- Figure 33:
- VALUE SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, USD, JAPAN, 2017 - 2030
- Figure 34:
- VOLUME SALES OF LED FIXTURES IN RESIDENTIAL, NUMBER, JAPAN, 2017 - 2030
- Figure 35:
- VALUE SALES OF LED FIXTURES IN RESIDENTIAL, USD, JAPAN, 2017 - 2030
- Figure 36:
- VOLUME SALES OF LED FIXTURES BY OUTDOOR LIGHTING, NUMBER, JAPAN, 2017 - 2030
- Figure 37:
- VALUE SALES OF LED FIXTURES BY OUTDOOR LIGHTING, USD, JAPAN, 2017 - 2030
- Figure 38:
- VALUE SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, JAPAN, 2017 - 2030
- Figure 39:
- VOLUME SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, JAPAN, 2017 - 2030
- Figure 40:
- VOLUME SALES OF LED FIXTURES IN PUBLIC PLACES, NUMBER, JAPAN, 2017 - 2030
- Figure 41:
- VALUE SALES OF LED FIXTURES IN PUBLIC PLACES, USD, JAPAN, 2017 - 2030
- Figure 42:
- VOLUME SALES OF LED FIXTURES IN STREETS AND ROADWAYS, NUMBER, JAPAN, 2017 - 2030
- Figure 43:
- VALUE SALES OF LED FIXTURES IN STREETS AND ROADWAYS, USD, JAPAN, 2017 - 2030
- Figure 44:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, JAPAN, 2017 - 2030
- Figure 45:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, JAPAN, 2017 - 2030
- Figure 46:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, NUMBER, JAPAN, 2017 - 2030
- Figure 47:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, USD, JAPAN, 2017 - 2030
- Figure 48:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, JAPAN, 2017 - 2030
- Figure 49:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, JAPAN, 2017 - 2030
- Figure 50:
- VOLUME SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), NUMBER, JAPAN, 2017 - 2030
- Figure 51:
- VALUE SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), USD, JAPAN, 2017 - 2030
- Figure 52:
- VALUE SHARE OF DAYTIME RUNNING LIGHTS (DRL) BY AUTOMOTIVE UTILITY LIGHTING, %, JAPAN, 2022 VS 2030
- Figure 53:
- VOLUME SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, NUMBER, JAPAN, 2017 - 2030
- Figure 54:
- VALUE SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, USD, JAPAN, 2017 - 2030
- Figure 55:
- VALUE SHARE OF DIRECTIONAL SIGNAL LIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, JAPAN, 2022 VS 2030
- Figure 56:
- VOLUME SALES OF LED FIXTURES IN HEADLIGHTS, NUMBER, JAPAN, 2017 - 2030
- Figure 57:
- VALUE SALES OF LED FIXTURES IN HEADLIGHTS, USD, JAPAN, 2017 - 2030
- Figure 58:
- VALUE SHARE OF HEADLIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, JAPAN, 2022 VS 2030
- Figure 59:
- VOLUME SALES OF LED FIXTURES IN REVERSE LIGHT, NUMBER, JAPAN, 2017 - 2030
- Figure 60:
- VALUE SALES OF LED FIXTURES IN REVERSE LIGHT, USD, JAPAN, 2017 - 2030
- Figure 61:
- VALUE SHARE OF REVERSE LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, JAPAN, 2022 VS 2030
- Figure 62:
- VOLUME SALES OF LED FIXTURES IN STOP LIGHT, NUMBER, JAPAN, 2017 - 2030
- Figure 63:
- VALUE SALES OF LED FIXTURES IN STOP LIGHT, USD, JAPAN, 2017 - 2030
- Figure 64:
- VALUE SHARE OF STOP LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, JAPAN, 2022 VS 2030
- Figure 65:
- VOLUME SALES OF LED FIXTURES IN TAIL LIGHT, NUMBER, JAPAN, 2017 - 2030
- Figure 66:
- VALUE SALES OF LED FIXTURES IN TAIL LIGHT, USD, JAPAN, 2017 - 2030
- Figure 67:
- VALUE SHARE OF TAIL LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, JAPAN, 2022 VS 2030
- Figure 68:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, JAPAN, 2017 - 2030
- Figure 69:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, JAPAN, 2017 - 2030
- Figure 70:
- VALUE SHARE OF OTHERS BY AUTOMOTIVE UTILITY LIGHTING, %, JAPAN, 2022 VS 2030
- Figure 71:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, NUMBER, JAPAN, 2017 - 2030
- Figure 72:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, USD, JAPAN, 2017 - 2030
- Figure 73:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, JAPAN, 2017 - 2030
- Figure 74:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, JAPAN, 2017 - 2030
- Figure 75:
- VOLUME SALES OF LED FIXTURES IN 2 WHEELERS, NUMBER, JAPAN, 2017 - 2030
- Figure 76:
- VALUE SALES OF LED FIXTURES IN 2 WHEELERS, USD, JAPAN, 2017 - 2030
- Figure 77:
- VOLUME SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, NUMBER, JAPAN, 2017 - 2030
- Figure 78:
- VALUE SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, USD, JAPAN, 2017 - 2030
- Figure 79:
- VOLUME SALES OF LED FIXTURES IN PASSENGER CARS, NUMBER, JAPAN, 2017 - 2030
- Figure 80:
- VALUE SALES OF LED FIXTURES IN PASSENGER CARS, USD, JAPAN, 2017 - 2030
- Figure 81:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, JAPAN, 2017 - 2030
- Figure 82:
- MOST ADOPTED STRATEGIES, COUNT, JAPAN, 2017 - 2030
- Figure 83:
- VALUE SHARE OF MAJOR PLAYERS, %, JAPAN, 2022
Japan LED Lighting Industry Segmentation
Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others are covered as segments by Automotive Utility Lighting. 2 Wheelers, Commercial Vehicles, Passenger Cars are covered as segments by Automotive Vehicle Lighting.
- In terms of value share, in 2023, the industrial and warehouse segment accounts for a majority share, followed by commercial. Japan's economy expanded more than expected in the opening quarter of 2019. Japan's economy grew at an annual rate of 1.8%. This has led to a major demand for LED lighting in all sectors, mainly in the industrial and commercial segments. The COVID-19 era increased the demand for e-commerce goods, leading to more demand for LED lighting, majorly in B2C. Currently, the market demand is increasing for both sectors. In 2022, the supply increased, leading to low LED pricing. In Q4 2022, the commercial property price index for retail properties, warehouses, factories, apartment buildings, and commercial and industrial land in Japan stood at 146.6, down from 155.4 points in the previous quarter.
- In volume share, commercial accounts for the majority of the share, and then residential stands at the second spot. Over the next six months in 2023, new supply is expected to triple from 2022, at around 1.5 times higher than the 10-year historical average in Tokyo Central 5 Wards Grade A office. With the onset of the pandemic in 2020, residential land prices plunged 0.5% in 2021. However, despite the long-term trend, housing demand remained strong in the country鈥檚 metropolitan areas. Sapporo is expected to have major residential demand, having an 11.8% growth rate in 2023.
- In terms of development, the market is expected to see major demand growth in agriculture and industrial lighting. In terms of area, only 12% of Japan鈥檚 land was dedicated to agriculture in 2020. In the coming year, this number is expected to decrease further, leading to the penetration of commercial greenhouses, which will cater to more demand for LEDs.
| Indoor Lighting | |||||
| Agricultural Lighting | |||||
| |||||
| Industrial and Warehouse | |||||
| Residential |
| Outdoor Lighting | |
| Public Places | |
| Streets and Roadways | |
| Others |
| Automotive Utility Lighting | |
| Daytime Running Lights (DRL) | |
| Directional Signal Lights | |
| Headlights | |
| Reverse Light | |
| Stop Light | |
| Tail Light | |
| Others |
| Automotive Vehicle Lighting | |
| 2 Wheelers | |
| Commercial Vehicles | |
| Passenger Cars |
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Market Definition
- INDOOR LIGHTING - It incorporates all LED based lamps and fixtures/luminaire that are used to illuminate indoor section of residential, commercial, industrial buildings and agricultural lighting. LED offers efficient brightness with higher durability in comparison to other lighting technology.
- OUTDOOR LIGHTING - It incorporates the LED lighting fixtures that is used for illumination for exterior/outdoor illumination. For instance, LED lighting fixtures used to illuminate streets and highways, transport hubs, stadiums and other public places such as parking spaces.
- AUTOMOTIVE LIGHTING - It refers to the lighting fixtures installed for illumination and signaling purposes. It is used in both exterior and interior lighting of the vehicle. Headlamps, fog lamp, daytime running light (DRLs) are examples of exterior light whereas cabin light are interior lights.
- END USER - It refers to the end use application area where the LED fixture will be installed. For instance, in terms of indoor lighting, we have residential, commercial and industrial as end user category. For automotive lighting, primary end user considered are automotive manufacturers and aftermarket sale
| Keyword | Definition |
|---|---|
| Lumen | Lumen is a unit of luminous flux in the International System of Units that is equal to the amount of light given out through a solid angle by a source of one-candela intensity radiating equally in all directions. |
| Footcandle | A foot-candle (or foot-candle, fc, lm/ft2, or ft-c) is a measurement of light intensity. One foot-candle is defined as enough light to saturate a one-foot square with one lumen of light. |
| Colour Rendering Index (CRI) | Color Rendering Index (CRI) is a measurement of how natural colors render under an artificial white light source when compared with sunlight. The index is measured from 0-100, with a perfect 100 indicating that colors of objects under the light source appear the same as they would under natural sunlight. |
| Luminous flux | Luminous flux is a measure of the power of visible light produced by a light source or light fitting. It is measured in lumens (lm). |
| Annual Energy Cost | Annual Energy Cost means the average daily energy consumption multiplied by 365 (days per year), expressed in kilowatt hour per year (kWh/a). |
| Constant voltage drivers | Constant voltage drivers are designed for a single direct current (DC) output voltage. Most common constant voltage drivers (or Power Supplies) are 12VDC or 24VDC. An LED light that is rated for constant voltage usually specifies the amount of input voltage it needs to operate correctly. |
| Constant Current Driver | Constant current LED drivers are designed for a designated range of output voltages and a fixed output current (mA). LEDs that are rated to operate on a constant current driver require a designated supply of current usually specified in milliamps (mA) or amps (A). These drivers vary the voltage along an electronic circuit which allows current to remain constant throughout the LED system. |
| Minimum Energy Performance Standards (MEPS) | Minimum Energy Performance Standards specify the minimum level of energy performance that appliances and equipment must meet or exceed before they can supply or used for commercial purposes. |
| Luminous Efficacy | Luminous efficacy is a measurement commonly used in the lighting industry that indicates the ability of a light source to emit visible light using a given amount of power. |
| Solid State Lighting | Solid-state lighting (SSL) is a type of lighting that uses semiconductor light-emitting diodes (LEDs), organic light-emitting diodes (OLED), or polymer light-emitting diodes (PLED) as sources of illumination rather than electrical filaments, plasma (used in arc lamps such as fluorescent lamps), or gas. |
| Rated Lamp Life | Lamp life, also referred to as rated life, is the time in hours a lamp will last before a percentage of lamps will burn out. |
| Color Temperature | Colour temperature is a scale that measures how 鈥榳arm鈥� (yellow) or 鈥榗ool鈥� (blue) the light from a particular source is. It is measured in degrees of the Kelvin scale (abbreviated to K), and the higher the number, the 鈥榗ooler鈥� the light. The lower the 鈥楰鈥� number, the 鈥榳armer鈥� the light. |
| Ingress Protection rating (IP rating) | The IP (Ingress Protection) rating of a bulb or light fixture declares the level of protection it has against dirt and water. |
| Fidelity Index | The general colour fidelity index, Rf, represents how closely the colour appearances of the entire sample set are reproduced (rendered) on average by a test light as compared to those under a reference illuminant. |
| Gamut Index | The gamut area is defined as 鈥渢he area enclosed by a set of test color samples illuminated by a light source, in a two-dimensional chromaticity diagram or a plane of color space.鈥�1 Within a defined color space, a 鈥済amut鈥� describes the subset of colors that can be perceived under specific lighting conditions. |
| Binning | In the lighting industry, the act of "binning" of LEDs is the process of sorting LEDs by certain characteristics, such as color, voltage, and brightness. |
| Accent lighting | Accent lighting, also called highlighting, emphasizes objects by focusing light directly on them. Accent lighting is used inside and outside the home to feature locations such as an entrance or to create dramatic effects. |
| Dimmable driver | A dimming driver has two functions: As a driver, it converts the 230V AC mains input to a low voltage DC output. As a dimmer, it reduces the amount of electrical energy flowing to the LEDs, thereby causing them to dim. |
| Flicker | Flicker is the repeated and frequent variation in the output of a light source over time. |
| Fluorescent | A property of materials defined as the ability to emit light after absorbing electromagnetic radiation such as visible or UV light. |
| Candela | The candela is the unit of luminous intensity in the International System of Units. It measures the light output per unit solid angle emitted from a light source in a specific direction. |
| LUX | Lux is used to measure the amount of light output in a given area - one lux is equal to one lumen per square meter. It enables us to measure the total "amount" of visible light present and the intensity of the illumination on a surface. |
| Uniformity (U0) | The uniformity of lighting has significant effects on visual performance in both indoor and outdoor areas. Uniformity (represented as U0) value can be found by dividing the minimum brightness (Emin) resulting from calculations according to the current lighting order, to the average brightness value (Eavg). |
| Visible Light Spectrum | The visible light spectrum is the segment of the electromagnetic spectrum that the human eye can view. More simply, this range of wavelengths is called visible light. Typically, the human eye can detect wavelengths from 380 to 700 nanometers. |
| Ambient Temperature | Ambient Temperature is the temperature of the air surrounding an electrical enclosure. |
| Current-controlled dimming control | Current-controlled dimming controls LED brightness by varying the applied current using a 0-10V dimmer. Current-controlled dimming is smooth and HD-video friendly. It can only dim to a minimum of 5% of light output. |
| Design Light Consortium | It is a partnership of energy efficiency stakeholders in the United States and Canada to 鈥減romote quality, performance and energy efficient lighting solutions for the commercial sector鈥�. |
| Pulse Width Modulation | Pulse-width modulation, or pulse-duration modulation, is a method of controlling the average power delivered by an electrical signal. |
| Surface Mounted Device | A surface mount device (SMD) is an electronic device whose components are mounted or placed directly on the surface of a printed circuit board. |
| Alternating Current | Alternating current is an electric current which periodically reverses direction and changes its magnitude continuously with time, in contrast to direct current, which flows only in one direction. |
| Direct Current | Direct current (DC) is an electric current that is uni-directional, so the flow of charge is always in the same direction. |
| Beam Angle | Beam angle (also called beam spread) is a measure of how light is distributed. On any plane perpendicular to the centerline of the light, the beam angle is the angle between two rays where the light intensity is 50% of the maximum light intensity. |
| LED Based Solar High Mast Lighting Systems | A Solar LED High Mast Light is a raised source of High illumination lights (6~8 lights) and with high intensity on the middle of major junctions (Ring roads, Outer Ring roads), turned on or lit automatically in the absence of light (at specified timings or at periodic times, every night). |
| Surface Mounted Diode (SMD) LEDs | A surface mount diode is a type that emits light and is flat mounted and soldered onto a circuit board. |
| Chip on Board (COB) LEDs | A COB LED is basically multiple LED chips (usually 9 or more) glued directly onto a substrate by the manufacturer to form a single module. |
| Dual In-Line Package (DIP) LEDs | A dual in-line package (DIP or DIL) is an electronic component package with a rectangular case and two parallel rows of electrical connector pins. |
| Graphene LED Lights | A graphene LED light bulb is simply an LED light bulb where the filament has been coated in graphene. A graphene LED bulb is reported to be 10% more efficient than regular LED light bulbs and they are cheaper to manufacture and buy. |
| LED Corn Bulbs | LED Corn lights are designed as an energy efficient alternative to high intensity discharge (HID) and SON lamps. It uses a large number of LEDs on a metal structure to provide sufficient light. This arrangement of LEDs looks a lot like a corn cob, hence the name "corn light". |
| Per Capita Income | Per capita income or total income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population. Per capita income is national income divided by population size. |
| Charging Stations | A charging station, also known as a charging station or electric vehicle utility, is a power supply that provides electrical energy for charging plug-in electric vehicles. |
| Headlight | A headlight is a light that is mounted on the front of a car and illuminates the road in front of it. Low beam and high beam LED headlights are additional categories for these LED headlights. |
| Day Time Running Light (DRLs) | A daytime running lamp is a white, yellow, or amber lighting device mounted on the front of a road-going motor vehicle or bicycle. |
| Directional Signal Light | Directional signal lights are the front and rear lights on an automobile that flash to show the direction of a turn. |
| Stop Light | A red light that is mounted to the back of a car and turns on when the brakes are used to show that the car is stopped. |
| Reverse Light | The reverse light is at the back of the vehicle to indicate its backward motion. |
| Tail Light | A red light that can be seen in the dark is mounted on the rear of a road vehicle. Stop, reverse, and directional signal lights are all part of it. |
| Fog Light | Bright lights in automobiles used to increase visibility on the road in foggy conditions or to warn other drivers of the presence of the vehicle. |
| Passenger Vehicle | A passenger vehicle is a road vehicle, other than a moped or a motorcycle, intended for the transportation of people and designed for up to 8 to 9 seats. |
| Commercial Vehicle | A commercial vehicle (Bus, Truck, Van) is any type of motor vehicle used to transport goods or pay passengers. |
| Two Wheelers (2W) | A two-wheeler is a vehicle that runs on two wheels. |
| Streets & Roadways | Both roads and streets refer to hard, flat surfaces on the ground on which vehicles, people, and animals can travel. Since streetways are usually in cities and towns, they often have houses and buildings on both sides. The roadway is in the countryside and sometimes passes through forests and fields |
| Horticulture Lighting | Horticulture is the science and art of sustainably growing, producing, marketing and using high quality, intensively cultivated food and ornamental plants. |
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Research Methodology
糖心vlog传媒 has followed the following methodology in all our data center reports.
- Step 1: Raw Data Collection: To understand the market, initially, all crtical data points were identified. Critical information about countries and regions of interest including Per-capita Income, Population, Automotive Production, Interest rate on Auto-Loans, Number of Automobiles on Road, Total LED Import, Lighting Electricity Consumption among others were recorded or estimated based on internal calculations.
- Step 2: Identify Key Variables: To build a robust forecasting model, key variables such as Number of Households, Automotive Production, Road Networks among others were identified. Through an iterative process, the variables required for the market forecast were set, and the model was built using these variables.
- Step 3: Build a Market Model: Based on data and critical industry trend data (variables), including LED pricing, LED penetration rate, and project macro and micor economic factors were utilized for building the market forecasting.
- Step 4: Validate and Finalize: In this crucial step, all market numbers and variables derived through an internal mathematical model were validated through an extensive network of primary research experts from all the markets studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step 5: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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