Light Engine Market Analysis

End User (Residential, Industrial, Commercial)

The commercial end-use sector held the largest revenue share of more than 48%. The desire for advanced lighting among event, museum, and exhibition operators to enhance lighting solutions is one of the primary factors behind the swift development of the commercial construction industry worldwide. The requirement for high-luminance light engine lights is increasing primarily due to the need for office lighting to comply with government rules and standards, which is driving market growth.

Product Type (Lamps, Luminaires)

The luminaires segment accounted for 54% share of the global light engine market in 2022 and is expected to maintain its dominance in the worldwide industry. Light engine lights are all luminaires utilized in track illumination, high bays, troffers, and lighting on roads. The setting up of additional track lights and light posts as a result of the growing creation of projects related to the development of the country.

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