LED Lighting Market Outlook:
LED Lighting Market size was valued at USD 96.1 billion in 2025 and is projected to reach USD 198.6 billion by the end of 2035, rising at a CAGR of 8.4% during the forecast period, i.e., 2026-2035. In 2026, the industry size of LED lighting is estimated at USD 104.1 billion.
The global LED lighting market is projected to experience robust growth over the forecasted years efficiently driven by rising energy efficiency awareness, government incentives, and increasing adoption of smart lighting and IoT-enabled systems. According to the article published by the U.S. Department of Energy in January 2025 its office of Clean Energy Demonstrations awarded more than USD 3.9 million to the East Central Community College solar and lighting upgrades project in Decatur, MS. It also mentioned that this project will upgrade around 3,500 existing light fixtures with energy-efficient LED lighting across 25 facilities, improving illumination and the student learning experience. In addition, these upgrades are expected to reduce the college’s annual energy costs by about USD 170,000, allowing savings to be reinvested into the college and its students.
Furthermore, the sectors such as residential, commercial, and industrial sectors are investing heavily in LED retrofits and new installations to reduce energy costs and carbon footprints, whereas governments across the world are extending their support with substantial funding grants. The government of India in December 2025 reported that India’s UJALA (Unnat Jyoti by Affordable LEDs for All) program has distributed 36.87 crore LED bulbs nationwide, by promoting energy-efficient lighting at affordable prices. The report also underscored that this initiative has generated annual energy savings of 47,883 million kWh, cost savings of ₹19,153 crore (approximately USD 2.31 billion), reduced peak demand by 9,586 MW, and cut CO₂ emissions by 3.88 million tonnes each year, while fostering a competitive landscape for efficient appliances. Hence, such milestones coupled with significant trade activities boost the market by creating mass demand, making LEDs affordable, and fostering a large-scale supply chain.
Global Trade Statistics for LED Lamps (HS6 853950) - 2023
|
Category |
Value (2023) |
|
Global Trade Value |
USD 6.47 Billion |
|
Global Trade Ranking |
581 / 5380 |
|
Share of World Trade |
0.029% |
|
Product Complexity Index (PCI) |
0.41 |
|
Export Growth (2022–2023) |
-13.7% |
|
Top Exporter |
China (USD 5.42 Billion) |
|
2nd Top Exporter |
France (USD 164 Million) |
|
3rd Top Exporter |
Germany (USD 128 Million) |
|
Top Importer |
U.S. (USD 1.61 Billion) |
|
2nd Top Importer |
Germany (USD 369 Million) |
|
3rd Top Importer |
France (USD 288 Million) |
|
Largest Trade Surplus |
China (USD 5.4 Billion) |
|
2nd Largest Trade Surplus |
Saint Barthélemy (USD 2.71 K) |
|
3rd Largest Trade Surplus |
Saint Kitts and Nevis (USD 1.11 K) |
|
Largest Trade Deficit |
U.S. (-USD 1.53 billion) |
|
2nd Largest Trade Deficit |
Japan (-USD 244 million) |
|
3rd Largest Trade Deficit |
Germany (-USD 242 million) |
|
Highest Share of Total Exports |
China (0.16%) |
|
2nd Highest Share of Total Exports |
Bulgaria (0.038%) |
|
3rd Highest Share of Total Exports |
Poland (0.033%) |
Source: OEC
