LED Lighting Market by Product (Lamps, Luminaires), Installation (New, Retrofit), Application, Sales Channel, End Use - Global Forecast 2024-2030


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LED Lighting Market by Product (Lamps, Luminaires), Installation (New, Retrofit), Application, Sales Channel, End Use - Global Forecast 2024-2030


The LED Lighting Market size was estimated at USD 83.39 billion in 2023 and expected to reach USD 92.44 billion in 2024, at a CAGR 11.13% to reach USD 174.60 billion by 2030.

Global LED Lighting MarketThe LED (light emitting diode) lighting market encompasses developing, manufacturing, and selling energy-efficient, environmentally friendly, and long-lasting light sources. The market is primarily driven by applications in various sectors, including residential, commercial, industrial, outdoor, and automotive lighting. Growing stringent government regulations favoring energy-efficient alternatives, such as LEDs, led to increased adoption rates among consumers and businesses. Moreover, the rising preference for LEDs in SUVs and premium vehicles and demand for LED lighting in outdoor applications is driving the market growth. High initial costs associated with product acquisition and installation often deter potential customers from switching to LED lighting solutions. Discrepancies in product quality due to irregular manufacturing processes can also hinder consumer confidence in LED products. Technological advancements in LED lighting resulting in improved product performance are expected to support growth in the market. Furthermore, growth in infrastructure development coupled with investment in smart city projects presents lucrative opportunities for companies operating within this sector.Regional InsightsThe Americas region has been an early adopter of LED technology, driven by stringent government regulations and consumer awareness about energy efficiency. The United States is the largest market for LED lighting in this region due to supportive federal policies such as the Department of Energy's Energy Star program, which encourages consumers to opt for more energy-efficient products. In Latin America, key markets such as Brazil and Argentina are witnessing a transition towards LEDs due to increasing electricity prices and growing environmental concerns. Europe leads this growth with the European Union implementing strict regulations such as the ErP Directive 2009/125/EC that mandates energy-efficient product designs, including requirements for 'phase-out' of incandescent bulbs. Middle East and Africa markets are witnessing an upsurge in demand for energy-efficient solutions due to rapid urbanization, causing strain on power infrastructure & a growing focus on sustainability practices. The APAC region is witnessing significant growth in the LED lighting market owing to rapid urbanization and increasing demand for energy-efficient solutions. Additionally, the growing smart city initiatives across the region drive demand for connected LED lighting systems that enable improved energy management.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the LED Lighting Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the LED Lighting Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the LED Lighting Market, highlighting leading vendors and their innovative profiles. These include Acuity Brands, Inc., ams-OSRAM International GmbH, Apollo Lighting Ltd., Bridgelux, Inc., Dialight PLC by Roxboro Group PLC, Digital Lumens, Inc., Eaton Corporation PLC, Everlight Americas, Inc., Feit Electric, Havells India Limited, Ledure Lightings Limited, LSI Industries Inc., Nichia Corporation, Olympia Lighting, Panasonic Corporation, Polycab India Limited, ROHM Co, Ltd., Samsung Electronics Co., Ltd., Savant Systems, Inc., Seoul Semiconductor Co., Ltd., Signify Holding, Siteco GmbH, Syska Led Lights Pvt Ltd, Technical Consumer Products, Inc., US LED, Ltd., Wipro Limited, and Zumtobel Lighting GmbH.

Market Segmentation & Coverage

This research report categorizes the LED Lighting Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Lamps
A-type
T-Type
Luminaires
Downlights
Streetlights
Troffers
Installation
New
Retrofit
Application
Indoor
Outdoor
Sales Channel
Offline
Online
End Use
Commercial
Industrial
Residential
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the LED Lighting Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the LED Lighting Market?
3. What are the technology trends and regulatory frameworks in the LED Lighting Market?
4. What is the market share of the leading vendors in the LED Lighting Market?
5. Which modes and strategic moves are suitable for entering the LED Lighting Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. LED Lighting Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing stringent government regulations in favor of energy-efficient alternatives
5.1.1.2. Rising preference of LEDs in SUVs and premium vehicles
5.1.1.3. Increasing demand for LED lighting in outdoor applications
5.1.2. Restraints
5.1.2.1. Capital intensive associated with LED lighting
5.1.3. Opportunities
5.1.3.1. Growth in infrastructure development coupled with investment in smart city projects
5.1.3.2. Technological advancements in LED lighting
5.1.4. Challenges
5.1.4.1. Discrepancies in product quality due to irregular manufacturing processes
5.2. Market Segmentation Analysis
5.2.1. Product: Growing demand for luminaires for superior performance in terms of light quality
5.2.2. Installation: Growing adoption of new installations for greater design flexibility and seamless integration with modern building systems
5.2.3. Application: Rising use of outdoor LED lighting solutions for functional and aesthetic needs
5.2.4. End Use: Significant usage of LED lighting for residential settings as an energy savings option
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. LED Lighting Market, by Product
6.1. Introduction
6.2. Lamps
6.3.1. A-type
6.3.2. T-Type
6.3. Luminaires
6.4.1. Downlights
6.4.2. Streetlights
6.4.3. Troffers
7. LED Lighting Market, by Installation
7.1. Introduction
7.2. New
7.3. Retrofit
8. LED Lighting Market, by Application
8.1. Introduction
8.2. Indoor
8.3. Outdoor
9. LED Lighting Market, by Sales Channel
9.1. Introduction
9.2. Offline
9.3. Online
10. LED Lighting Market, by End Use
10.1. Introduction
10.2. Commercial
10.3. Industrial
10.4. Residential
11. Americas LED Lighting Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific LED Lighting Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa LED Lighting Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
14.3.1. Agreement, Collaboration, & Partnership
14.3.1.1. Eagles welcome Sportsbeams as new proud partner
14.3.1.2. Partnership to develop LED lighting solutions for land-based aquaculture
14.3.2. Award, Recognition, & Expansion
14.3.2.1. Signify opens new factory for light sources and luminaires in China
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. Acuity Brands, Inc.
15.1.2. ams-OSRAM International GmbH
15.1.3. Apollo Lighting Ltd.
15.1.4. Bridgelux, Inc.
15.1.5. Dialight PLC by Roxboro Group PLC
15.1.6. Digital Lumens, Inc.
15.1.7. Eaton Corporation PLC
15.1.8. Everlight Americas, Inc.
15.1.9. Feit Electric
15.1.10. Havells India Limited
15.1.11. Ledure Lightings Limited
15.1.12. LSI Industries Inc.
15.1.13. Nichia Corporation
15.1.14. Olympia Lighting
15.1.15. Panasonic Corporation
15.1.16. Polycab India Limited
15.1.17. ROHM Co, Ltd.
15.1.18. Samsung Electronics Co., Ltd.
15.1.19. Savant Systems, Inc.
15.1.20. Seoul Semiconductor Co., Ltd.
15.1.21. Signify Holding
15.1.22. Siteco GmbH
15.1.23. Syska Led Lights Pvt Ltd
15.1.24. Technical Consumer Products, Inc.
15.1.25. US LED, Ltd.
15.1.26. Wipro Limited
15.1.27. Zumtobel Lighting GmbH
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. LED LIGHTING MARKET RESEARCH PROCESS
FIGURE 2. LED LIGHTING MARKET SIZE, 2023 VS 2030
FIGURE 3. LED LIGHTING MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. LED LIGHTING MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. LED LIGHTING MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. LED LIGHTING MARKET DYNAMICS
FIGURE 7. LED LIGHTING MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 8. LED LIGHTING MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. LED LIGHTING MARKET SIZE, BY INSTALLATION, 2023 VS 2030 (%)
FIGURE 10. LED LIGHTING MARKET SIZE, BY INSTALLATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. LED LIGHTING MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. LED LIGHTING MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. LED LIGHTING MARKET SIZE, BY SALES CHANNEL, 2023 VS 2030 (%)
FIGURE 14. LED LIGHTING MARKET SIZE, BY SALES CHANNEL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. LED LIGHTING MARKET SIZE, BY END USE, 2023 VS 2030 (%)
FIGURE 16. LED LIGHTING MARKET SIZE, BY END USE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS LED LIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS LED LIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES LED LIGHTING MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES LED LIGHTING MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC LED LIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC LED LIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA LED LIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA LED LIGHTING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. LED LIGHTING MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 26. LED LIGHTING MARKET SHARE, BY KEY PLAYER, 2023

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