Global lighting industry market share by company 2013

This statistic displays the market share of the lighting industry worldwide based on companies as of 2013. During this year, Trina Solar held about 6.4 percent of the lighting market. The lighting industry has become an example of how rapid technological change and falling barriers have intensified competitive pressure in the market.

Lighting market – additional information

In the traditional lighting market, the top four companies accounted for over 80 percent of the global market. However, the introduction of the LED market in recent years has led to a significant fragmentation in the overall market with new entrants challenging what was once a relatively stable market. The general LED lighting market is expected to grow by 15 percent between 2016 and 2020. General lighting currently accounted for just under 40 percent of the global market in 2015. Industry players in the lighting industry are hopeful for increases in government spending on new public projects which could promote continued market growth: In emerging markets, such as India, economic growth, favorable policies, and urban projects will create new opportunities for the industry. In 2016, the Indian government approved the retrofitting of streetlights using LED technology. LED lighting is commonly used for commercial and industrial end-uses, in addition, new applications in the industry such as smart lighting and light communication have also become more popular in recent years.

As of 2013, Yingli Solar held a 6.6 percent market share of the global lighting industry, followed closely by Trina Solar with 6.4 percent. Both of these companies are also among the largest solar module manufacturers as of 2015, with Trina Solar producing modules with a total capacity of 5.1 gigawatts.