While many of the findings in McKinsey's 2011 “Lighting the way” report – the first to provide a holistic view of the fragmented and complex global lighting industry – still hold true in general today, some key market parameters have shifted due to world events over the past year. This second edition addresses recent changes in the lighting market environment, updating the 2011 findings with a particular focus on the accelerated erosion of LED prices. The impact of the transition from traditional lighting technologies to LED is likely to be dramatic in the years ahead, affecting players in all related sectors.
Lighting the way: Perspectives on the global lighting market (Second edition; 2012) - Executive summary highlights -
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