Light Engine Market Size

Light Engine Market size was over USD 116.24 billion in 2024 and is projected to reach USD 660.63 billion by 2037, growing at around 14.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of light engine is assessed at USD 144.36 billion.

The growth of the market can be attributed to the several government mandates enforced on energy conservation and LED adoption. Thus, people are opting for LED lighting due to the regulations enforced by the government related to energy conservation. As per the India Brand Equity Foundation, the Indian government distributed LED bulbs at a price of USD 0.12 in rural areas to households.

The residential sector is expected to grow revenue by the end of the estimated time frame, owing to increased industrialization and the number of smart cities initiatives around the world. As a result, the rising adoption of LED lighting in residential buildings is a driving reason behind the strong customer demand.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of light engine is assessed at USD 144.36 billion.

The light engine market size was over USD 116.24 billion in 2024 and is projected to reach USD 660.63 billion by 2037, growing at around 14.3% CAGR during the forecast period i.e., between 2025-2037. The market growth is propelled by growing demand for energy-efficient lighting systems and the reduction in the price of LED lights around the world.

Asia Pacific industry is expected to dominate majority revenue share of 32% by 2037, driven by rapid rise in population and surging adoption of light engine lights are also assessed to accelerate the region.

The major players in the market are General Electric Company, Acuity Brands, Inc., OSRAM GmbH, Samsung Electronics Co., Ltd., Signify Holding, Zumtobel Lighting GmbH, Glamox Limited, Hubbell Incorporated, Ideal Industries Inc., Lutron Electronics Co., Inc.

Light Engine Market Size