Global LED Lighting Market Size Study, by Product (Lamps, Luminaires), by Application (Indoor, Outdoor), by Installation Type (New LED, Retrofit LED), by Sales Channel (Online, Offline), by End-use (Commercial, Residential, Industrial, Others), and Region

Global LED Lighting Market Size Study, by Product (Lamps, Luminaires), by Application (Indoor, Outdoor), by Installation Type (New LED, Retrofit LED), by Sales Channel (Online, Offline), by End-use (Commercial, Residential, Industrial, Others), and Regional Forecasts 2022-2032

The Global LED Lighting Market is valued at USD 72.72 billion in 2023 and is anticipated to grow at a remarkable CAGR of 8.5% during the forecast period, reaching USD 151.54 billion by 2032. This growth is driven by the rising adoption of energy-efficient lighting systems, government regulations promoting LED use, and advancements in smart lighting technologies.

LED lighting has become the preferred choice across residential, commercial, and industrial applications, owing to its superior energy efficiency, longer lifespan, and adaptability for smart home integration. Features such as IoT connectivity, occupancy sensors, and daylighting compatibility have further expanded its adoption globally. The market also benefits from increasing urbanization and government initiatives supporting infrastructure development and energy conservation.

Asia Pacific accounted for the largest market share in 2023, driven by significant construction activities and energy-saving initiatives in countries like China, India, and Japan. Meanwhile, North America and Europe continue to adopt LED lighting in retrofitting projects and urban infrastructure upgrades, further boosting market growth.

Notable innovations include Zumtobel Group’s advanced LED luminaires and Signify Holding’s IoT-based lighting solutions, which are shaping the future of smart lighting. Market players are also focusing on mergers and acquisitions, as seen in Advanced Lighting Technologies, LLC's acquisition of Cree Lighting Inc., to strengthen their competitive position and product offerings.

Major market players included in this report are:
• Acuity Brands, Inc.
• Cree Lighting USA LLC
• Dialight
• Halonix Technologies Private Limited
• Hubbell
• LSI Industries Inc.
• Nanoleaf
• Panasonic Corporation
• SAVANT TECHNOLOGIES LLC
• Seoul Semiconductor Co., Ltd.
• Signify Holding
• Siteco GmbH
• Syska
• YEELIGHT
• Zumtobel Group AG

The detailed segments and sub-segments of the market are explained below:

By Product
• Lamps
A-Lamps
T-Lamps
Others
• Luminaires
Streetlights
Downlights
Troffers
Others

By Application
• Indoor
• Outdoor

By Installation Type
• New LED
• Retrofit LED

By Sales Channel
• Online
• Offline

By End-use
• Commercial
• Residential
• Industrial
• Others

By Region:
• North America: U.S., Canada
• Europe: U.K., Germany, France, Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific
• Latin America: Brazil, Mexico, Rest of Latin America
• Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA

Years Considered for the Study
• Historical Years: 2022
• Base Year: 2023
• Forecast Period: 2024 - 2032

Key Takeaways
• Market Estimates & Forecast for 10 years from 2022 to 2032
• Annualized revenues and regional-level analysis for each market segment
• Competitive landscape featuring major players and their strategies
• Demand and supply-side analysis of the market

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