Global LED Light Bulbs Market Growth 2023-2029

Global LED Light Bulbs Market Growth 2023-2029

LED Light Bulbs [LED Lighting] is a kind semiconductor light-emitting solid device, which can convert the energy from an electric current into light.

LED Light Bulbs Principles:

Terminal voltages of PN junctions form certain barrier potentials, and when the forward bias voltage is added, the barrier potential decreases and most charge carriers in P area and N area diffuse to each other. As the electron mobility is much higher than the holes mobility, large amount of electrons diffuse to P area, causing charge carriers entering P area. These electrons combine with the holes on the valence band with energy emission in the form of light.

LPI (LP Information)' newest research report, the “LED Light Bulbs Industry Forecast” looks at past sales and reviews total world LED Light Bulbs sales in 2022, providing a comprehensive analysis by region and market sector of projected LED Light Bulbs sales for 2023 through 2029. With LED Light Bulbs sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LED Light Bulbs industry.

This Insight Report provides a comprehensive analysis of the global LED Light Bulbs landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LED Light Bulbs portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LED Light Bulbs market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LED Light Bulbs and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LED Light Bulbs.

The global LED Light Bulbs market size is projected to grow from US$ 31500 million in 2022 to US$ 42750 million in 2029; it is expected to grow at a CAGR of 42750 from 2023 to 2029.

Global core LED light bulbs manufacturers include Philips, MLS etc. Asia Pacific is the largest market, with a share about 48%, followed by Europe and North America with the share about 23% and 19%.

This report presents a comprehensive overview, market shares, and growth opportunities of LED Light Bulbs market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Spot Light

Street Light

Tube Light

WALL Washer Light

Bulb

Others

Segmentation by application

Residential

Office

Shop

Hospitality

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Philips (Signify)

MLS (including Ledvance)

Savant Systems Inc. (including GE Lighting)

Panasonic

Toshiba

FSL

Opple

Yankon Lighting

NVC (ETI)

Ideal Industries Inc. (including Cree Lighting)

Technical Consumer Products, Inc.

Shanghai Feilo Acoustics

Key Questions Addressed in this Report

What is the 10-year outlook for the global LED Light Bulbs market?

What factors are driving LED Light Bulbs market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do LED Light Bulbs market opportunities vary by end market size?

How does LED Light Bulbs break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.