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LED Lighting Market Analysis

  • Report ID: 5269
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Global LED Lighting Market TOC

  1. An Introduction to the Research Study
  • Preface
  • Market taxonomy
  • Definition of the market and the segments
  • Acronyms and assumptions
  1. The Research Procedure
  • Sources of Data
    • Secondary
    • Primary
  • Calculation and Derivation of Market Size
    • Top-down approach
    • Bottom-up approach
  1. Recommendation by Analyst for C-Level Executives
  2. An Abstract of the Report
  3. Evaluation of Market Fluctuations and Outlook
    • Market Growth Drivers
    • Market Growth Deflation
    • Market Trends
  4. Fundamental Market Prospects
  5. Decarbonization Strategy and Carbon Credit Benefits for Market Players
    • Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
    • Measures taken by Countries to Reduce Carbon Footprints
    • Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
    • Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
    • Demand Impact on the Companies Opting for Carbon Credits
  6. Regulatory & Standards Landscape
  7. Economic Outlook: Japan
    • Limitations to Japan’s Economic Recovery
    • Uplifting Policies to Foster the Growth of the Economy
    • Future-Outlook and Strategic Move for Sustainable Economy
  8. Technological Shift and Implementation Analysis
  9. Impact of Recession on Global and Japan Economy
  10. Regional Demand Analysis
  11. Industry Value Chain Analysis
  12. Industry Growth Outlook
  13. Recent Technology Outlook in LED Lighting Market
  14. End User Analysis
  15. Pricing Analysis
  16. Start-up Analysis
  17. Porter Five Forces Analysis
  18. PEST Analysis
  19. Global LED Lighting Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
    • Market Summary
    • Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
    • Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
    • Year on Year Growth Forecast (%)
      • By Product
        1. Lamps, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
  • LED Bulb, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
  • LED Tube Light, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
    1. Luminaries, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
      • Downlighting, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
      • Decorative, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
      • Directional, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
      • Others, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
  • By Application
    1. Indoor, Market Value (USD Million) and CAGR, 2023-2036F
    2. Outdoor, Market Value (USD Million) and CAGR, 2023-2036F
  • By Sales Channel
    1. Retail/Wholesale, Market Value (USD Million) and CAGR, 2023-2036F
    2. Direct Sales, Market Value (USD Million) and CAGR, 2023-2036F
    3. E-commerce, Market Value (USD Million) and CAGR, 2023-2036F
  • By End-User
    1. Commercial, Market Value (USD Million) and CAGR, 2023-2036F
    2. Household, Market Value (USD Million) and CAGR, 2023-2036F
    3. Industrial, Market Value (USD Million) and CAGR, 2023-2036F
  • By Geography
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
      • North America, Market Value (USD million), Volume (Million Units), and CAGR, 2023-2036F
      • Europe, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
      • Asia Pacific Excluding Japan (APEJ), Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
      • Japan, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
      • Latin America, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
      • Middle East and Africa, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
  1. Cross Analysis of Product w.r.t. End-User (USD Million), 2022
  2. North America LED Lighting Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
    • Market Summary
    • Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
    • Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
    • Year on Year Growth Forecast (%)
      • By Product
        1. Lamps, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
  • LED Bulb, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
  • LED Tube Light, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
    1. Luminaries, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
      • Downlighting, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
      • Decorative, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
      • Directional, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
      • Others, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
  • By Application
    1. Indoor, Market Value (USD Million) and CAGR, 2023-2036F
    2. Outdoor, Market Value (USD Million) and CAGR, 2023-2036F
  • By Sales Channel
    1. Retail/Wholesale, Market Value (USD Million) and CAGR, 2023-2036F
    2. Direct Sales, Market Value (USD Million) and CAGR, 2023-2036F
    3. E-commerce, Market Value (USD Million) and CAGR, 2023-2036F
  • By End-User
    1. Commercial, Market Value (USD Million) and CAGR, 2023-2036F
    2. Household, Market Value (USD Million) and CAGR, 2023-2036F
    3. Industrial, Market Value (USD Million) and CAGR, 2023-2036F
  • By Geography
    1. Market Overview
    2. Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
      • US, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
      • Canada, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
  1. Europe LED Lighting Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
  • Market Summary
  • Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
  • Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
  • Year on Year Growth Forecast (%)
    • By Product
    • By Application
    • By Sales Channel
    • By End-User
    • By Geography
      1. Market Overview
      2. Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
        • Germany, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
        • UK, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
        • Italy, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
        • France, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
        • Spain, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
        • BENELUX, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
        • Russia, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
        • Poland, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
        • Rest of Europe, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
  1. Asia Pacific Excluding Japan (APEJ) LED Lighting Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
    • Market Summary
    • Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
    • Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
    • Year on Year Growth Forecast (%)
      • By Product
      • By Application
      • By Sales Channel
      • By End-User
      • By Geography
        1. Market Overview
        2. Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
          • China, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • India, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • Indonesia, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • South Korea, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • Australia, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • Singapore, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • Malaysia, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • New Zealand, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • Rest of APEJ, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
  2. Japan LED Lighting Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
    • Market Summary
    • Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
    • Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
    • Year on Year Growth Forecast (%)
      • By Product
      • By Application
      • By Sales Channel
      • By End-User
  3. Latin America LED Lighting Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
    • Market Summary
    • Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
    • Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
    • Year on Year Growth Forecast (%)
      • By Product
      • By Application
      • By Sales Channel
      • By End-User
      • By Geography
        1. Market Overview
        2. Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
          • Brazil, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • Mexico, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • Argentina, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • Rest of Latin America, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
  4. Middle East and Africa LED Lighting Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
    • Market Summary
    • Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
    • Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
    • Year on Year Growth Forecast (%)
      • By Product
      • By Application
      • By Sales Channel
      • By End-User
      • By Geography
        1. Market Overview
        2. Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
          • Combined Gulf Countries, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • Israel, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • South Africa, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
          • Rest of MEA, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
  5. Comprehensive Analysis of Leading Players in the Market
    • Acuity Brands, Inc.
    • Cree Lighting
    • Dialight
    • Digital Lumens, Incorporated. 
    • Hubbell
    • LSI Industries Inc.
    • Siteco GmbH
    • Signify Holding
    • Seoul Semiconductor Co., Ltd.
    • Zumtobel Lighting GmbH

Japanese Players

  • Panasonic Corporation
  • Koizumi Lighting Technology Corp.
  • ATEX Co., Ltd.
  • Nichia Corporation

 

LED Lighting Market Analysis

End-User (Commercial, Household, Industrial)

The commercial segment in the LED lighting market is projected to garner the largest revenue share by the end of 2037. This growth in the segment could be influenced by a growing number of commercial spaces. For instance, it is anticipated that there are about 93,000 office spaces all across the globe. Therefore, the demand for LED lighting is also growing. Energy-efficient LED lighting can save a business or municipality an enormous amount of money. Moreover, little to no maintenance costs, environmental friendliness, safer working conditions, and higher productivity are further benefits of using LED lighting in commercial spaces.

Sales Channel (Retail/Wholesale, Direct Sales, E-Commerce)

LED lighting market from the e-commerce segment is expected to grow at the highest CAGR of 15% during the forecast period. E-commerce, which is rapidly growing, offers global marketing reach, enables online shopping, and often has lower operational costs for enterprises. The growing popularity of LED lighting through the E-commerce sales channel is being fueled by all of these reasons, which offer excellent incentives for companies and individuals interested in engaging in e-commerce.

Our in-depth analysis of the global market includes the following segments:

          Product
  • Lamps
    • LED Bulb
    • LED Tube Light
  • Luminaries
    • Downlighting, Decorative
    • Directional
    • Others

          Application
  • Indoor
  • Outdoor

          Sales Channel
  • Retail/Wholesale
  • Direct Sales
  • E-Commerce

          End-User
  • Commercial
  • Household
  • Industrial
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Browse Key Market Insights with Data Illustration:

Author Credits:  Abhishek Verma


  • Report ID: 5269
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of LED lighting is evaluated at USD 107.43 billion.

The LED lighting market size was valued at USD 96.47 billion in 2024 and is likely to exceed USD 542.98 billion by the end of 2037, registering over 14.1% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by growing adoption of smart LED lighting with integration of internet of things (IoT), rising efforts to save energy, and surge in efficiency in LED lighting.

Asia Pacific industry is set to dominate 41% revenue share by 2037, owing to increasing need for LED lighting in the residential sector, particularly in China, India, and South Korea.

The major players in the market include Acuity Brands, Inc., Cree Lighting, Dialight, Digital Lumens, Incorporated, Hubbell, LSI Industries Inc, Siteco GmbH, Signify Holding, Seoul Semiconductor Co., Ltd., Zumtobel Group AG, Panasonic Corporation, Koizumi Lighting Technology Corp, ATEX Co., Ltd, Nichia Corporation.
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