Global LED Tube Lights Market Growth 2023-2029

Global LED Tube Lights Market Growth 2023-2029

An LED Tube Light is a light-emitting diode (LED) product which is assembled into a Tube Light for use in lighting fixtures. LED Tube Lights have a lifespan and electrical efficiency which are several times greater than incandescent Tube Lights, and are significantly more efficient than most fluorescent Tube Lights, with some chips able to emit more than 300 lumens per watt.
LPI (LP Information)' newest research report, the “LED Tube Lights Industry Forecast” looks at past sales and reviews total world LED Tube Lights sales in 2022, providing a comprehensive analysis by region and market sector of projected LED Tube Lights sales for 2023 through 2029. With LED Tube Lights sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LED Tube Lights industry.
This Insight Report provides a comprehensive analysis of the global LED Tube Lights 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 Tube Lights portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LED Tube Lights market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LED Tube Lights 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 Tube Lights.
The global LED Tube Lights market size is projected to grow from US$ 6860.8 million in 2022 to US$ 13690 million in 2029; it is expected to grow at a CAGR of 13690 from 2023 to 2029.
North America is the largest LED Tube Lights market with about 26% market share. Europe is follower, accounting for about 23% market share.The key manufacturers are Philips Lighting, Lendvance, GE Lighting, Panasonic, Opple, Toshiba, NVC (ETI), Sharp, Cree, Yankon Lighting, Shanghai Feilo Acoustics, FSL, PAK, MLS, Dongguan Kingsun Optoelectronic etc. Top 3 companies occupied about 30% market share.
This report presents a comprehensive overview, market shares, and growth opportunities of LED Tube Lights market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
T5
T8
Others
Segmentation by application
Commerical Use
Residential Use
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 Lighting
Lendvance
GE Lighting
Panasonic
Opple
Toshiba
NVC (ETI)
Sharp
Cree
Yankon Lighting
Shanghai Feilo Acoustics
FSL
PAK
MLS
Dongguan Kingsun Optoelectronic
Key Questions Addressed in this Report
What is the 10-year outlook for the global LED Tube Lights market?
What factors are driving LED Tube Lights market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do LED Tube Lights market opportunities vary by end market size?
How does LED Tube Lights 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.