Global LED Retrofit Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global LED Retrofit Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

A LED retrofit is the process of adding new technology or features to an existing system.

According to our (Global Info Research) latest study, the global LED Retrofit market size was valued at US$ 4047 million in 2023 and is forecast to a readjusted size of USD 5851 million by 2030 with a CAGR of 5.5% during review period.

Global LED Retrofit key players include Signify N.V., GE Lighting, Acuity Brands, Inc, etc. Global top three manufacturers hold a share about 35%.

North America is the largest market, with a share about 45%, followed by Europe and China, both have a share about 40 percent.

In terms of product, Non-dimmable is the largest segment, with a share about 75%. And in terms of application, the largest application is Commercial, followed by Industrial.

This report is a detailed and comprehensive analysis for global LED Retrofit market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global LED Retrofit market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/unit), 2019-2030

Global LED Retrofit market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/unit), 2019-2030

Global LED Retrofit market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/unit), 2019-2030

Global LED Retrofit market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for LED Retrofit

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global LED Retrofit market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Signify N.V., GE Lighting, Acuity Brands, Inc, OSRAM Licht Group, Eaton, Cree, Inc, Zumtobel, Hubbell Incorporated, LSI Lighting, Technical Consumer Products (TCP), etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

LED Retrofit market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Dimmable
Non-dimmable

Market segment by Application
Residential
Commercial
Industrial

Major players covered
Signify N.V.
GE Lighting
Acuity Brands, Inc
OSRAM Licht Group
Eaton
Cree, Inc
Zumtobel
Hubbell Incorporated
LSI Lighting
Technical Consumer Products (TCP)
Light Efficient Designs
Howard Lighting
MaxLite
RAB Lighting Inc
American Lighting
Green Creative

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe LED Retrofit product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of LED Retrofit, with price, sales quantity, revenue, and global market share of LED Retrofit from 2019 to 2024.

Chapter 3, the LED Retrofit competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the LED Retrofit breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and LED Retrofit market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of LED Retrofit.

Chapter 14 and 15, to describe LED Retrofit sales channel, distributors, customers, research findings and conclusion.