LED Lighting Market Size, Share and Analysis

Report Code SE 4912
Published in Feb, 2024, By MarketsandMarkets™
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LED Lighting Market Size, Share, Industry Growth and Analysis, by Product (Lamps, Luminaire), Application (Indoor, Outdoor), Installation (New, Retrofit), Sales Channel (Direct, retail, E-commerce) and Region (North America, Europe, APAC, Rest of the World) – Global Forecast to 2029

Overview

The global LED lighting market is projected to increase from USD 78.9 billion in 2024 to USD 118.4 billion by 2029, registering a CAGR of 8.5% during the forecast period. Various factors contribute to the development of the LED lighting market. Among these, energy efficiency is the most significant driving force. Compared to traditional lighting solutions, LED technology significantly reduces energy consumption. LEDs' environmental implications are another consideration factor that influences consumer and business acceptance. Also, the advancement of technology and low production costs have made it more affordable and flexible; hence, increasing its demand in the marketplace.

Attractive Opportunities in the LED Lighting Market

ASIA-PACIFC

The LED lighting market has enormous potential in the Asia Pacific region, and it is anticipated that consumers would accept these systems as an integral part of digitalized households. Increasing construction activities in Asia Pacific contribute significantly to the growth of the LED lighting market in the region.

The LED lighting market is propelled by key drivers such as energy efficiency, environmental sustainability, and technological advancements. Government initiatives promoting energy-efficient solutions, cost savings, and the integration of smart lighting features further contribute to the widespread adoption of LED technology.

Individual household customers intend on using LED lighting systems at home as they are safer and help reduce energy bills and remain operational at very low voltages.

Collaborations, agreements, partnerships, acquisitions, product launches, and expansions are expected to offer lucrative growth opportunities for the market players.

Retail/wholesale-based sales channels are likely to capture the largest market. The presence of many retail stores and various advantages associated with this option, such as high product quality, on-site product verification, and instant product availability, are some key factors driving the growth of this segment.

Global LED Lighting Market Dynamics

Driver: Increasing use of smart lighting systems

Advancement in technology through the use of the Internet of Things (IoT) has expanded the use of LED technology to the next level. To keep energy conservation and operating costs / energy bills to a minimum, IoT-enabled luminaires, control units, and sensors are used to manage lighting systems. The use of loT allows such gadgets to operate independently, thereby making the whole environment smart and sustainable on a daily basis. Various smart sensors are incorporated into wireless communication devices in order to improve the efficiency and reliability of lighting control systems. Thus, smart LED lights can detect occupancy without incorporating cameras into their illumination system. There has been a significant increase in the number of players in the LED lighting market along with the introduction of new technologies that have revolutionized the market. As a result, many users are switching from conventional lighting to smart or LED lighting or connected lighting. The continued reduction in the size of sensors and controllers has allowed OEMs to integrate sensors and controllers into luminaries. Unlike a centralized lighting system, this approach does not require wiring or control panels. With this system, lighting systems can be established quickly, efficiently, and with fewer resources, particularly for new and retrofitted installations.

Restraint: Functional problems associated with LED technology

Even though LED technology provides numerous advantages, there are a number of functional problems and challenges associated with it. Generally, LEDs produce heat, and if this heat is not managed effectively, it is likely to have an adverse effect on their performance and lifespan. Overheating results in color shifting, reduced brightness, and a shorter overall lifespan. In order to mitigate this problem, adequate heat sinks and thermal management systems are essential. Color consistency can be challenging across different LED products and over time. Variations in color temperature and color rendering can affect the quality of lighting and make it difficult for colors to be accurately matched, especially in commercial or industrial settings. However, despite the advancements in LED technology with regard to color rendering, there is still a problem with LEDs not being able to produce certain colors accurately. This continues to impact the overall quality of light. This means that the Color Rendering Index (CRI) has problems. This challenge is being met due to improvements in phosphor technology and advances in color-mixing methodologies. In addition, LED drivers that regulate AC supply voltage to DC voltage suitable for LEDs have problems with power quality including harmonics and electromagnetic interference. Other appliances connected to the same electrical circuit might be affected by these problems. The same inability to adhere to set schedules or standards has also affected the quality of power provided.

 

Opportunity: Rising adoption of LED lighting in horticulture sector

There are many benefits associated with LED lighting that allow it to offer the best result for plant well-being and productivity in horticulture. In controlled environment agriculture systems, such as greenhouses and vertical farms, LED lighting is used either as a complementary or substitute light source to natural light. LEDs also have the advantage of consuming little energy, which translates into lower electricity costs. In this comparison, this advantage is clearly apparent. As well, LEDs have a longer life than other lighting sources, so they do not require frequent replacements. By reducing energy costs in this manner, LED lighting is a good investment for growers seeking to enhance their productivity. The LED technology allows farmers to regulate the wavelength of light required for each plant and growth stage. Furthermore, it is used to regulate aspects of plant growth such as flowering, fruiting, and even the overall health of the plant. When it comes to efficiency, LED lights are very efficient, since they can use more energy to produce the intensity of light that plants require to grow. As compared to traditional light sources, LED illumination consumes relatively less power, which further confirms that it can be used for indoor farming systems and is relatively inexpensive to operate.

Challenge: Lack of common open standards for LED lighting

A significant challenge of the LED lighting industry deals with the deficiency of common open standards for LEDs. A standard set of common open standards ensures interoperability, compatibility, and communication among various devices and systems without leaving behind any gap or complication. Lack of standard communication protocol leads to problems of interoperability. Manufacturing companies are developing proprietary protocols for use, resulting in failure to have any communication between the LED lighting products from different vendors. This reduces consumer choice and creates additional complexities in building automation system construction. Proprietary protocols and the closed nature of the systems lead to vendor lock-in. Consumers do not have the freedom to select anything they prefer but must rely upon the products and technologies from particular manufacturers. This lack of flexibility does not allow for a substantial amount of innovation and denies consumers the possibility of choosing the best suitable solutions for their needs. Building automation systems typically include an integration of a number of devices and systems such as lighting, HVAC, security, and so on. Without common open standards, integration between other building automation components and LED lighting is more complicated and expensive. Common open standards enable plug-and-play functionality in the sense that devices work together very seamlessly without more configuration. Without such standards, much more manual configuration and troubleshooting are required during the installation and integration process. In addition, smart lighting solutions often rely on standardized communication protocols that make effective control and automation possible. Without common open standards, the take-off of smart lighting systems is hindered, as consumers and businesses are hesitant to invest in such technologies due to a lack of interoperability as well as the prospect of obsolescence.

Global LED Lighting Market Ecosystem Analysis

In the LED lighting industry, there are several major, financially sound companies. Companies in this sector have been operating on the market for several years and possess a comprehensive portfolio of LED lighting suitable for a wide range of applications. Prominent companies in this market include Signify Holding (Netherlands), Acuity Brands, Inc. (US), Cree Lighting USA LLC (US), ams-OSRAM AG (Germany), LG Electronics (South Korea), Dialight (UK), Panasonic Corporation (Japan), Hubbell (US), Savant Systems, Inc. (US), and Zumtobel Group (Germany).

 

Luminaire segment is likely to exhibit highest growth rate during the forecast period

The luminaire product segment appears to hold the most potential for high growth. Due to the growing population of people in urban areas, luminaires are expected to become more popular due to the need for better and more efficient lighting systems in homes and offices. Also, the implementation of innovations and technologies, for instance, LEDs which consume less energy, appeal to eco-conscious consumers. The smart home and Internet of Things are also increasingly integrated; therefore, modern lighting systems with convenience and flexibility are characterized by intelligent, modern lighting systems. The rising awareness of energy conservation and sustainability in lighting has contributed to the use of smart luminaire products especially those with integrated LED. With technological advancements in connected and smart luminaires picking up steam, this segment will continue to grow. There are several benefits that connected and smart luminaires offer, including high energy efficiency since the luminaires' control and timing can be set automatically. Compared to previous light configurations, these offer more flexibility since users can set their preferred light range. Moreover, these intelligent systems can interact with other smart home appliances to create a completely smart based home environment. Some of the factors that make luminaires favored include ease of use, availability in a wide variety and designs to suit lighting requirements together.

The retail segment is expected to have the largest market share during the forecast period

The retail segment is expected to have the largest market share during the forecast period. Among consumers, this segment stands out due to its relatively low prices, wide range of products, and ease of accessibility. As retailers profit from economies of scale, they can offer their products at cheaper prices, while consumers can get all their needs at one location. Also, a better transportation and delivery system enhances shopping convenience and makes it easier to do. In addition to the availability of numerous retail outlets, this option also offers advantages such as high-quality products, on-site control, and quick access to products. These factors have contributed to the growth of this segment. Generally, products are sold through retailers, dealers, or affiliates. The locational advantage of such channel partners typically helps them achieve lower costs to reach customers in their markets. In retail/wholesale, customer service, for instance, plays a critical role in customer satisfaction, which determines customers' loyalty. Providing excellent customer service ensures that consumers are satisfied with their shopping experience, especially when they are making inquiries, making purchases or complaining. As a result, retailers ensure that their customers' problems are solved as and when they arise, which ultimately makes them more loyal.

ASIA-PACIFC region holds the largest share of the LED Lighting Market.

LED Lighting Market in India is expected to be the fastest growing market during the forecast period. Current statistics reveal that LED lighting is the most commonly used artificial lighting in the country and has gained more popularity as compared to other varieties of traditional lighting such as incandescent bulbs, CFLs, fluorescent lamps, high-pressure sodium lamps and also metal halide lamps. The increase in the adoption of LED lighting has been on a sharp rise in the past years where most of the households and commercial buildings in India are now using LEDs. High efficacy, a longer life cycle, and reduced maintenance costs are some of the causes for the growth of the LED lighting market in India. Further, the government supports the use of LED lighting through policies and subsidies for the consumption of energy-efficient products. In the near future, higher LED lighting applications should catalyze further technological advancements of the LED lighting industry throughout the world. LED bulbs and luminaires dominate nearly all lighting applications, including offices, retail stores, hospitality facilities, industrial plants, roads, and now even in sports complexes. The country has witnessed a disruptive change, making conventional lighting sources obsolete. Due to this reason, India is likely to witness tremendous growth in the LED lighting market in the coming years.

 
 

Recent Developments of LED Lighting Market industry

  • In November 2023, ams-OSRAM AG expanded the OSTAR Projection Compact family of ultra-bright LED projectors. The introduction of red, true green, and blue colors into the family line enables manufacturers of machine vision systems or stage lighting fixtures to create more powerful and elegant products. In September 2023, A-Light, a part of Acuity Brands, launched the Lino luminaire. This linear fixture has received its minimum IP rating of 66 thus giving it increased versatility especially when used in exterior settings. In January 2022, Signify launched a Philips Hue smart lighting portfolio built for creating perfect indoor and outdoor moods within a residential environment. This collection unveils new outdoor wall and bollard lights, as well as other effects that have been integrated into the Philips Hue application to enhance the mood for different home events. The new products include four gradient products, white ambiance filament bulbs, improved smart bulbs, and newly introduced bathroom and ceiling lights. Also, the Philips Hue has recently received an app update that contains a groundbreaking new feature – synchronization of lights with music, more specifically, the Spotify service, thus enriching the overall smart lighting concept
  • In September 2023, Advanced Lighting Technologies, LLC announced that its affiliate, CLNA Holdings LLC, has acquired all of the equity interests of CREE LIGHTING USA, CREE LIGHTING CANADA CORP. and E-CONOLIGHT LLC (together “Cree Lighting”) from IDEAL INDUSTRIES, INC., and IDEAL INDUSTRIES (CANADA), CORP. This acquisition will strengthen the company’s product portfolio in LED lighting space In August 2023, Signify Holding opened the largest LED lighting manufacturing facility in the world in Jiujiang, Jiangxi Province, China. It is expected that Signify's Chinese and international growth will be revitalized by this new factory.

Key Market Players

KEY PLAYERS IN THE LED Lighting Market INCLUDE

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Scope of the Report

Report Attribute Details
Market Growth Rate USD 78.9 billion in 2024
Projected Market Size USD 118.4 billion by 2029
Estimated Market Size a CAGR of 8.5%
Market Size Available for Years 2020–2029
Base Year Considered 2023
Forecast Period 2024–2029
Forecast Units Value (USD Million/Billion)
Segments Covered Product Type, Application, Installation, Sales Channel, and Region
Geographies Covered Asia Pacific, North America, Europe, Middle East, Africa, and South America
Key Companies Covered Signify Holding (Netherlands), Acuity Brands, Inc.(US), Cree Lighting USA LLC (US), ams-OSRAM AG (Austria), LG Electronics (South Korea), Dialight (UK), Panasonic Corporation (Japan), Hubbell (US), Zumtobel Group (Germany), Savant Systems, Inc. (US)

 

Key Questions Addressed by the Report

Which are the major companies in the LED lighting market? What are their key strategies to strengthen their market presence?
Signify Holding (Netherlands), Cree Lighting USA LLC (US), ams-OSRAM AG (Germany), Acuity Brands, Inc. (US), LG Electronics (South Korea), Panasonic Corporation (Japan), Hubbell (US), Savant Systems, Inc. (US), Dialight (UK), and Zumtobel Group (Germany) are the major companies in the LED lighting market. The major strategies adopted by these players are product launches, acquisitions, partnerships, and expansions. Read More
What are the new opportunities for emerging players in the LED lighting market?
Several opportunities are available to new entrants in the lighting market due to the current market trends. These players stand to benefit from the changing global focus on sustainability and efficient energy usage in lighting systems. With advances in technology, especially smart lighting and Internet of Things (IoT) applications, there is significant opportunity for fledgling players to innovate and offer newer and more sophisticated products. Read More
Which application is likely to drive the LED lighting market growth in the next five years?
The outdoor application segment is expected to have a higher growth rate. This is owing to the increasing usage of efficient lighting systems across several outdoor applications. In addition to street and road lighting, tunnel lighting, flood lighting, as well as other types of lighting that can be found in sports stadiums and other related complexes. Read More
Which region will likely offer lucrative growth for the LED lighting market by 2029?
Urbanization, population explosion, and increasing infrastructure activities such as the construction of new roads, buildings, and other structures, especially in growing economies like China and India, are some of the factors that will propel high demand for lighting solutions in household, office, and industrial applications. Trends like energy efficiency, sustainability, and smart cities continue to positively drive demand. Furthermore, enhanced consumer buying capacity and knowledge of LED technology will make the Asia Pacific region particularly appealing for lighting manufacturers. Read More
Which factors are expected to boost the LED lighting market in the next 5-6 years?
The LED lighting market is expected to grow due to the rising adoption of smart lighting solutions in a wide range of applications, the growing demand for LED bulbs and luminaires for achieving net-zero emissions by 2050, the increasing focus on interior design and decoration of residential buildings using LED lighting, the progressive development of new LED products through technological advancement, and the adoption of favorable government policies and standards for energy-efficient LED lighting across the globe. Read More

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
22
RESEARCH METHODOLOGY
28
EXECUTIVE SUMMARY
41
PREMIUM INSIGHTS
45
MARKET OVERVIEW
49
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Increasing use of smart lighting systems
    - Global warming and need for energy consumption
    - Rising demand for LED lighting systems for residential interior designing and home decoration
    - Growing investments in R&D due to rising demand for bulbs and luminaires
    - LED lighting positively impacting human health and well-being
    - Favorable government initiatives and regulations
    RESTRAINTS
    - High installation cost of large projects
    - US-China trade conflict and ongoing Russia-Ukraine war
    - Functional problems associated with LED technology
    OPPORTUNITIES
    - Government initiatives to achieve carbon neutrality
    - Continuous decline in prices of LED chips and other components of lighting systems
    - Growing adoption of wireless LED lighting technology for outdoor applications
    - Rising adoption of LED lighting in horticulture
    CHALLENGES
    - Slow rate of adoption of LED technology in emerging economies
    - Threat of data/security breach in IoT-based lighting systems
    - Lack of common open standards for LED lighting
  • 5.3 VALUE CHAIN ANALYSIS
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 INVESTMENT AND FUNDING SCENARIO
  • 5.6 PORTER’S FIVE FORCES ANALYSIS
    INTENSITY OF COMPETITIVE RIVALRY
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF BUYERS
    BARGAINING POWER OF SUPPLIERS
  • 5.7 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND FOR KEY PLAYERS
  • 5.8 TRADE ANALYSIS
  • 5.9 REVENUE SHIFT & NEW REVENUE POCKETS FOR LED LIGHTING MARKET
  • 5.10 CASE STUDY ANALYSIS
    ULINE ADOPTED HIGHLY EFFICIENT KBL LUMINAIRE FROM CREE LIGHTING USA LLC TO ENHANCE PERFORMANCE LEVELS
    ATL HIRED BROOKS BERRY HAYNIE & ASSOCIATES TO MANAGE AND PERFORM LIGHTING CHANGEOVER FROM ADB AIRFIELD SOLUTIONS UNDER VERY TIGHT SCHEDULE
    FRANKLIN INSTITUTE IMPLEMENTED STOUCH LIGHTING’S NEW LIGHTING SYSTEM TO DECREASE ENERGY CONSUMPTION AND IMPROVE LIGHTING QUALITY
    WASHINGTON STATE DEPARTMENT OF ECOLOGY UPGRADED LED LIGHTING SYSTEM FROM CREE LIGHTING USA LLC TO REDUCE MAINTENANCE COSTS
    ST. LUKES PRIMARY SCHOOL, SKERTON, INSTALLED LED LIGHTING SYSTEMS FROM UK ENERGY WATCH TO REDUCE OPERATING COSTS
    PORT OF HOUSTON ADOPTED LED HIGH MAST LIGHTING FROM CONSTELLATION LIGHTING TO ENHANCE SAFETY AND OPERATIONAL EFFICIENCY
  • 5.11 KEY CONFERENCES & EVENTS
  • 5.12 PATENT ANALYSIS
    PATENT TRENDS
  • 5.13 TECHNOLOGY ANALYSIS
    LI-FI
    HUMAN-CENTRIC LIGHTING
    IOT LIGHTING
    NATURAL LIGHTING ROBOT
    QUANTUM DOT-ENABLED LED
  • 5.14 GOVERNMENT REGULATIONS AND STANDARDS
    GOVERNMENT REGULATIONS
    LED LIGHTING MARKET STANDARDS
    - IEEE 1789-2015 modulation frequencies for Light-Emitting Diodes (LEDs)
    - Energy Star – Developed by US Department of Energy (DOE) and US Environmental Protection Agency (EPA)
    - NEMA – ANSI C78.51: Electric Lamps – LED (Light-emitting Diode) Lamps – Method of Designation
  • 5.15 REGULATORY LANDSCAPE
    NORTH AMERICA
    - US
    - Canada
    - Mexico
    EUROPE
    - Switzerland
    - Germany
    - France
    ASIA PACIFIC
    - Japan
    - China
    - India
    REST OF THE WORLD
    - UAE
    - Saudi Arabia
  • 5.16 KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
LED LIGHTING MARKET, BY APPLICATION
90
  • 6.1 INTRODUCTION
  • 6.2 INDOOR
    RESIDENTIAL
    - Preference for comfortable lighting that consumes low power and adds to aesthetic
    COMMERCIAL
    - Need for energy-efficient, operational-at-lower-temperatures, highly efficient, and low-maintenance lights to drive market
    - Offices
    - Retail stores
    - Horticulture gardens
    - Other commercial applications
    INDUSTRIAL
    - Controlled industrial lighting to help save expenses and conserve energy
    OTHER INDOOR APPLICATIONS
  • 6.3 OUTDOOR
    STREETS & ROADS
    - Cost-effective and sustainable lighting to meet demand for scheduling, occupancy, and daylight harvesting requirements
    ARCHITECTURAL BUILDINGS
    - LED lighting to help create shapes and effects to enhance beauty of building through controlled movement of lights
    SPORTS COMPLEXES
    - LED lighting to offer wide beam angle and ensure optimal light coverage throughout stadiums
    TUNNELS
    - LED lighting to help save energy, reduce costs, augment safety, and reduce accidents
    OTHER OUTDOOR APPLICATIONS
LED LIGHTING MARKET, BY PRODUCT TYPE
105
  • 7.1 INTRODUCTION
  • 7.2 LAMPS
    A-TYPE
    - Ease of installation, availability in various wattages, and versatility to fuel demand for A-type LED lamps
    T-TYPE
    - T-Type LED lamps to enhance commercial and industrial lighting with energy efficiency and extended lifespan
    OTHER LAMP TYPES
  • 7.3 LUMINAIRES
    DOWNLIGHTING
    - Ability to consume less energy, provide instant illumination, and save energy to drive demand for downlighting
    DECORATIVE LIGHTING
    - Decorative lighting to make commercial and retail spaces more appealing
    DIRECTIONAL LIGHTING
    - Directional lighting to illuminate with precision and highlight architectural features
    OTHER LUMINAIRE TYPES
LED LIGHTING MARKET, BY INSTALLATION
116
  • 8.1 INTRODUCTION
  • 8.2 NEW INSTALLATION
    NEWLY INSTALLED-LED LIGHTS’ ADHERENCE TO LATEST REGULATIONS TO EMPHASIZE ENERGY EFFICIENCY AND SUSTAINABILITY
  • 8.3 RETROFIT
    RETROFIT LED INSTALLATIONS TO BECOME COST-EFFECTIVE AND SUSTAINABLE SOLUTIONS
LUMENS IN LED LIGHTING
121
  • 9.1 INTRODUCTION
  • 9.2 1,600 LUMENS
  • 9.3 1,100 LUMENS
  • 9.4 800 LUMENS
  • 9.5 450 LUMENS
  • 9.6 ADDITIONAL LED CLASSES
    LOW-POWER LED
    HIGH-POWER LED
LED LIGHTING MARKET, BY SALES CHANNEL
124
  • 10.1 INTRODUCTION
  • 10.2 RETAIL/WHOLESALE
    RISING CONCERN ABOUT AFTER-SALES SERVICE TO BOOST DEMAND FOR RETAILERS/WHOLESALERS
  • 10.3 DIRECT SALES/CONTRACT-BASED
    NEED TO FULFIL CUSTOMERS’ SPECIFIC NEEDS AND PROVIDE TAILORED SOLUTIONS AND COST EFFICIENCY TO DRIVE MARKET
  • 10.4 ECOMMERCE
    NEED FOR ECOMMERCE PLATFORMS FOR SEAMLESSLY DELIVERING LED LIGHTING SOLUTIONS AT CONSUMERS’ DOORSTEPS
LED LIGHTING MARKET, BY REGION
130
  • 11.1 INTRODUCTION
  • 11.2 AMERICAS
    AMERICAS: RECESSION IMPACT
    NORTH AMERICA
    - US
    - Canada
    - Mexico
    SOUTH AMERICA
    - Brazil
    - Argentina
    - Rest of South America
  • 11.3 EUROPE
    EUROPE: RECESSION IMPACT
    UK
    - Rising environmental consciousness and legislation related to energy efficiency to propel market
    GERMANY
    - Growing prevalence of smart homes and robust economy to create growth opportunities
    FRANCE
    - Increasing investments in infrastructure sector to create growth opportunities for LED lighting providers
    ITALY
    - Government initiatives promoting improved design and management of lighting systems to drive market
    SPAIN
    - Government’s focus on reducing greenhouse emissions to fuel market growth
    REST OF EUROPE
  • 11.4 ASIA PACIFIC
    ASIA PACIFIC: RECESSION IMPACT
    CHINA
    - Growing economy and increasing implementation of sensors in industrial applications to propel market
    JAPAN
    - Infrastructural developments to accelerate market growth
    INDIA
    - Government-run smart city projects to boost demand for LED lighting and control solutions
    AUSTRALIA
    - High penetration rate of LED lighting systems in major cities to foster market growth
    SOUTH KOREA
    - Presence of major LED lighting manufacturers to support market growth
    REST OF ASIA PACIFIC
  • 11.5 REST OF THE WORLD (ROW)
    ROW: RECESSION IMPACT
    MIDDLE EAST
    - Eco-friendly green building regulations and streetlight retrofitting programs to spur market growth
    - GCC Countries
    - Rest of Middle East
    AFRICA
    - Ongoing urbanization to significantly boost demand for LED lighting solutions
COMPETITIVE LANDSCAPE
165
  • 12.1 INTRODUCTION
  • 12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
    PRODUCT PORTFOLIO
    REGIONAL FOCUS
    MANUFACTURING FOOTPRINT
    ORGANIC/INORGANIC GROWTH STRATEGIES
  • 12.3 MARKET SHARE ANALYSIS
  • 12.4 REVENUE ANALYSIS OF KEY PLAYERS
  • 12.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 12.6 BRAND/PRODUCT COMPARISON
  • 12.7 COMPANY EVALUATION MATRIX FOR KEY PLAYERS
    STARS
    PERVASIVE PLAYERS
    EMERGING LEADERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 12.8 COMPANY EVALUATION MATRIX FOR START-UPS/SMES
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
  • 12.9 COMPETITIVE SCENARIO AND TRENDS
    PRODUCT LAUNCHES & DEVELOPMENTS
    DEALS
    OTHERS
COMPANY PROFILES
197
  • 13.1 KEY PLAYERS
    SIGNIFY HOLDING
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ACUITY BRANDS, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    PANASONIC HOLDINGS CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    AMS-OSRAM AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    LG ELECTRONICS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    CREE LIGHTING USA LLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    DIALIGHT
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    HUBBELL (PART OF GE CURRENT)
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ZUMTOBEL GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SAVANT SYSTEMS, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 13.2 OTHER COMPANIES
    CURRENT LIGHTING SOLUTIONS, LLC
    SAMSUNG
    SHARP CORPORATION
    SITECO GMBH (GE)
    HAVELLS INDIA LTD.
    TRILUX GMBH & CO. KG
    FAGERHULTS BELYSNING AB
    SYSKA
    GOGREENLED
    FOREST LIGHTING
    EVERLIGHT ELECTRONICS CO., LTD.
    WIPRO LIGHTING
    OPPLE LIGHTING CO., LTD.
    NVC LIGHTING LTD. (SUBSIDIARY OF NVC INTERNATIONAL HOLDINGS)
    SORAA
APPENDIX
257
  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.3 CUSTOMIZATION OPTIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 LED LIGHTING MARKET: ECOSYSTEM
  • TABLE 2 IMPACT OF PORTER’S FIVE FORCES ON LED LIGHTING MARKET
  • TABLE 3 IMPORT VALUE FOR LAMPS AND LIGHTING FITTINGS, HS CODE: 9405, 2018–2022 (USD MILLION)
  • TABLE 4 EXPORT VALUE FOR LAMPS AND LIGHTING FIXTURES, HS CODE: 9405, 2018–2022 (USD MILLION)
  • TABLE 5 LIST OF KEY CONFERENCES & EVENTS, 2024–2025
  • TABLE 6 LIST OF KEY PATENTS IN LED LIGHTING MARKET, 2020–2023
  • TABLE 7 PATENTS REGISTERED BY TOP 20 OWNERS IN LAST 10 YEARS
  • TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDOOR APPLICATIONS
  • TABLE 9 LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
  • TABLE 10 LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
  • TABLE 11 INDOOR: LED LIGHTING MARKET, BY TYPE, 2020–2023 (USD BILLION)
  • TABLE 12 INDOOR: LED LIGHTING MARKET, BY TYPE, 2024–2029 (USD BILLION)
  • TABLE 13 INDOOR: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 14 INDOOR: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 15 RESIDENTIAL: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 16 RESIDENTIAL: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 17 COMMERCIAL: LED LIGHTING MARKET, BY TYPE, 2020–2023 (USD BILLION)
  • TABLE 18 COMMERCIAL: LED LIGHTING MARKET, BY TYPE, 2024–2029 (USD BILLION)
  • TABLE 19 COMMERCIAL: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 20 COMMERCIAL: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 21 INDUSTRIAL: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 22 INDUSTRIAL: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 23 OTHER INDOOR APPLICATIONS: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 24 OTHER INDOOR APPLICATIONS: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 25 OUTDOOR: LED LIGHTING MARKET, BY TYPE, 2020–2023 (USD BILLION)
  • TABLE 26 OUTDOOR: LED LIGHTING MARKET, BY TYPE, 2024–2029 (USD BILLION)
  • TABLE 27 OUTDOOR: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 28 OUTDOOR: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 29 LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
  • TABLE 30 LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
  • TABLE 31 LAMPS: LED LIGHTING MARKET, BY TYPE, 2020–2023 (USD BILLION)
  • TABLE 32 LAMPS: LED LIGHTING MARKET, BY TYPE, 2024–2029 (USD BILLION)
  • TABLE 33 LAMPS: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 34 LAMPS: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 35 LUMINAIRES: LED LIGHTING MARKET, BY LIGHTING TYPE, 2020–2023 (MILLION UNITS)
  • TABLE 36 LUMINAIRES: LED LIGHTING MARKET, BY LIGHTING TYPE, 2024–2029 (MILLION UNITS)
  • TABLE 37 LUMINAIRES: LED LIGHTING MARKET, BY TYPE, 2020–2023 (USD BILLION)
  • TABLE 38 LUMINAIRES: LED LIGHTING MARKET, BY TYPE, 2024–2029 (USD BILLION)
  • TABLE 39 LUMINAIRES: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 40 LUMINAIRES: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 41 LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
  • TABLE 42 LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
  • TABLE 43 NEW INSTALLATION: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 44 NEW INSTALLATION: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 45 RETROFIT INSTALLATION: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 46 RETROFIT INSTALLATION: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 47 LUMENS AND WATTAGE COMPARISON TABLE
  • TABLE 48 LED LIGHT MEASUREMENT ATTRIBUTES
  • TABLE 49 LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
  • TABLE 50 LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
  • TABLE 51 RETAIL/WHOLESALE: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 52 RETAIL/WHOLESALE: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 53 DIRECT SALES/CONTRACT-BASED: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 54 DIRECT SALES/CONTRACT-BASED: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 55 ECOMMERCE: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 56 ECOMMERCE: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 57 LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 58 LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 59 AMERICAS: LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
  • TABLE 60 AMERICAS: LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
  • TABLE 61 AMERICAS: LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
  • TABLE 62 AMERICAS: LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
  • TABLE 63 AMERICAS: LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
  • TABLE 64 AMERICAS: LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
  • TABLE 65 AMERICAS: LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
  • TABLE 66 AMERICAS: LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
  • TABLE 67 AMERICAS: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
  • TABLE 68 AMERICAS: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
  • TABLE 69 NORTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
  • TABLE 70 NORTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
  • TABLE 71 NORTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
  • TABLE 72 NORTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
  • TABLE 73 NORTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
  • TABLE 74 NORTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
  • TABLE 75 NORTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
  • TABLE 76 NORTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
  • TABLE 77 NORTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 78 NORTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 79 SOUTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
  • TABLE 80 SOUTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
  • TABLE 81 SOUTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
  • TABLE 82 SOUTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
  • TABLE 83 SOUTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
  • TABLE 84 SOUTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
  • TABLE 85 SOUTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
  • TABLE 86 SOUTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
  • TABLE 87 SOUTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 88 SOUTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 89 EUROPE: LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
  • TABLE 90 EUROPE: LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
  • TABLE 91 EUROPE: LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
  • TABLE 92 EUROPE: LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
  • TABLE 93 EUROPE: LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
  • TABLE 94 EUROPE: LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
  • TABLE 95 EUROPE: LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
  • TABLE 96 EUROPE: LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
  • TABLE 97 EUROPE: LED LIGHTING MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 98 EUROPE: LED LIGHTING MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 99 ASIA PACIFIC: LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
  • TABLE 100 ASIA PACIFIC: LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
  • TABLE 101 ASIA PACIFIC: LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
  • TABLE 102 ASIA PACIFIC: LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
  • TABLE 103 ASIA PACIFIC: LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
  • TABLE 104 ASIA PACIFIC: LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
  • TABLE 105 ASIA PACIFIC: LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
  • TABLE 106 ASIA PACIFIC: LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
  • TABLE 107 ASIA PACIFIC: LED LIGHTING MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
  • TABLE 108 ASIA PACIFIC: LED LIGHTING MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
  • TABLE 109 ROW: LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
  • TABLE 110 ROW: LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
  • TABLE 111 ROW: LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
  • TABLE 112 ROW: LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
  • TABLE 113 ROW: LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
  • TABLE 114 ROW: LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
  • TABLE 115 ROW: LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
  • TABLE 116 ROW: LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
  • TABLE 117 ROW: LED LIGHTING MARKET, BY SUBREGION, 2020–2023 (USD BILLION)
  • TABLE 118 ROW: LED LIGHTING MARKET, BY SUBREGION, 2024–2029 (USD BILLION)
  • TABLE 119 MIDDLE EAST: LED LIGHTING MARKET, BY SUBREGION, 2020–2023 (USD BILLION)
  • TABLE 120 MIDDLE EAST: LED LIGHTING MARKET, BY SUBREGION, 2024–2029 (USD BILLION)
  • TABLE 121 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN LED LIGHTING MARKET
  • TABLE 122 LED LIGHTING MARKET: DEGREE OF COMPETITION (FRAGMENTED)
  • TABLE 123 OVERALL COMPANY FOOTPRINT
  • TABLE 124 COMPANY PRODUCT TYPE FOOTPRINT
  • TABLE 125 COMPANY APPLICATION FOOTPRINT
  • TABLE 126 COMPANY REGIONAL FOOTPRINT
  • TABLE 127 LIST OF START-UPS/SMES
  • TABLE 128 COMPETITIVE BENCHMARKING OF OTHER PLAYERS (START-UPS/SMES)
  • TABLE 129 KEY START-UPS IN LED LIGHTING MARKET
  • TABLE 130 LED LIGHTING MARKET: PRODUCT LAUNCHES & DEVELOPMENTS, MARCH 2020–DECEMBER 2023
  • TABLE 131 LED LIGHTING MARKET: DEALS, OCTOBER 2020–SEPTEMBER 2023
  • TABLE 132 LED LIGHTING MARKET: OTHERS, FEBRUARY 2020–AUGUST 2023
  • TABLE 133 SIGNIFY HOLDING: BUSINESS OVERVIEW
  • TABLE 134 SIGNIFY HOLDING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 135 SIGNIFY HOLDING: PRODUCT LAUNCHES
  • TABLE 136 SIGNIFY HOLDING: DEALS
  • TABLE 137 SIGNIFY HOLDING: OTHERS
  • TABLE 138 ACUITY BRANDS, INC.: BUSINESS OVERVIEW
  • TABLE 139 ACUITY BRANDS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 140 ACUITY BRANDS, INC.: PRODUCT LAUNCHES
  • TABLE 141 ACUITY BRANDS, INC.: DEALS
  • TABLE 142 PANASONIC HOLDINGS CORPORATION: BUSINESS OVERVIEW
  • TABLE 143 PANASONIC HOLDINGS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 144 PANASONIC HOLDINGS CORPORATION: PRODUCT LAUNCHES
  • TABLE 145 PANASONIC HOLDINGS CORPORATION: DEALS
  • TABLE 146 PANASONIC HOLDINGS CORPORATION: OTHERS
  • TABLE 147 AMS-OSRAM AG: BUSINESS OVERVIEW
  • TABLE 148 AMS-OSRAM AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 149 AMS-OSRAM AG: PRODUCT LAUNCHES
  • TABLE 150 AMS-OSRAM AG: DEALS
  • TABLE 151 LG ELECTRONICS: BUSINESS OVERVIEW
  • TABLE 152 LG ELECTRONICS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 153 LG ELECTRONICS: PRODUCT LAUNCHES
  • TABLE 154 LG ELECTRONICS: DEALS
  • TABLE 155 CREE LIGHTING USA LLC: BUSINESS OVERVIEW
  • TABLE 156 CREE LIGHTING USA LLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 157 CREE LIGHTING USA LLC: PRODUCT LAUNCHES
  • TABLE 158 CREE LIGHTING USA LLC: DEALS
  • TABLE 159 DIALIGHT: BUSINESS OVERVIEW
  • TABLE 160 DIALIGHT: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 161 DIALIGHT: PRODUCT LAUNCHES
  • TABLE 162 HUBBELL: BUSINESS OVERVIEW
  • TABLE 163 HUBBELL: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 164 HUBBELL: DEALS
  • TABLE 165 ZUMTOBEL GROUP: BUSINESS OVERVIEW
  • TABLE 166 ZUMTOBEL GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  • TABLE 167 ZUMTOBEL GROUP: PRODUCT LAUNCHES
  • TABLE 168 SAVANT SYSTEMS, INC.: BUSINESS OVERVIEW
  • TABLE 169 SAVANT SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 170 SAVANT SYSTEMS, INC.: PRODUCT LAUNCHES
  • TABLE 171 SAVANT SYSTEMS, INC.: DEALS
LIST OF FIGURES
 
  • FIGURE 1 LED LIGHTING MARKET SEGMENTATION
  • FIGURE 2 LED LIGHTING MARKET: RESEARCH DESIGN
  • FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED BY COMPANIES FROM PRODUCTS OFFERED IN LED LIGHTING MARKET
  • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE) FOR LED LIGHTING MARKET
  • FIGURE 7 DATA TRIANGULATION
  • FIGURE 8 LAMPS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 9 NEW INSTALLATIONS SEGMENT TO ACCOUNT FOR LARGER MARKET DURING FORECAST PERIOD
  • FIGURE 10 RETAIL/WHOLESALE SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD
  • FIGURE 11 OUTDOOR SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 12 ASIA PACIFIC TO BE MOST LUCRATIVE MARKET DURING FORECAST PERIOD
  • FIGURE 13 INCREASING ADOPTION OF LED LAMPS AS SUBSTITUTE FOR CONVENTIONAL LAMPS TO DRIVE GROWTH OF LED LIGHTING MARKET
  • FIGURE 14 LAMPS SEGMENT TO ACCOUNT FOR LARGER MARKET DURING FORECAST PERIOD
  • FIGURE 15 NEW INSTALLATIONS SEGMENT TO CAPTURE LARGER MARKET DURING FORECAST PERIOD
  • FIGURE 16 A-TYPE LAMPS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 17 RETAIL/WHOLESALE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 18 RESIDENTIAL SEGMENT TO HOLD LARGEST MARKET DURING FORECAST PERIOD
  • FIGURE 19 CHINA AND INDOOR SEGMENT TO ACCOUNT FOR SIGNIFICANT MARKET SHARES DURING FORECAST PERIOD
  • FIGURE 20 INDIA TO BE LUCRATIVE MARKET DURING FORECAST PERIOD
  • FIGURE 21 LED LIGHTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 22 GLOBAL LIGHTING PENETRATION TREND, 2012–2030
  • FIGURE 23 LED LIGHTING MARKET DRIVERS: IMPACT ANALYSIS
  • FIGURE 24 LED LIGHTING MARKET RESTRAINTS: IMPACT ANALYSIS
  • FIGURE 25 LED LIGHTING MARKET OPPORTUNITIES: IMPACT ANALYSIS
  • FIGURE 26 LED LIGHTING MARKET CHALLENGES: IMPACT ANALYSIS
  • FIGURE 27 VALUE CHAIN ANALYSIS
  • FIGURE 28 MARKET ECOSYSTEM
  • FIGURE 29 FUNDING SCENARIO IN LED LIGHTING MARKET, 2018–2022
  • FIGURE 30 PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 31 AVERAGE SELLING PRICE FOR LED LAMPS (60 W EQUIVALENT), 2020–2023 (USD)
  • FIGURE 32 AVERAGE SELLING PRICE TREND FOR KEY PLAYERS, BY PRODUCT TYPE (USD)
  • FIGURE 33 KEY PLAYERS’ AVERAGE SELLING PRICE TREND FOR LED LAMPS (60 W EQUIVALENT), BY REGION, 2020–2023 (USD)
  • FIGURE 34 IMPORT VALUE OF LAMPS AND LIGHTING FIXTURES, BY COUNTRY, 2018–2022 (USD MILLION)
  • FIGURE 35 EXPORT VALUE OF LAMPS AND LIGHTING FIXTURES, BY COUNTRY, 2018–2022, (USD MILLION)
  • FIGURE 36 REVENUE SHIFT IN LED LIGHTING MARKET
  • FIGURE 37 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
  • FIGURE 38 PATENTS GRANTED ANNUALLY BETWEEN 2014 AND 2023
  • FIGURE 39 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDOOR APPLICATIONS
  • FIGURE 40 KEY BUYING CRITERIA FOR TOP THREE INDOOR APPLICATIONS
  • FIGURE 41 OUTDOOR APPLICATION TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 42 RESIDENTIAL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 43 STREETS & ROADS SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD
  • FIGURE 44 LUMINAIRES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 45 A-TYPE LAMPS SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD
  • FIGURE 46 DECORATIVE LUMINAIRES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 47 NEW INSTALLED LED LIGHTS SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 48 ECOMMERCE SEGMENT TO LEAD LED LIGHTING MARKET WITH HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 49 LED LIGHTING MARKET: BY REGION
  • FIGURE 50 INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 51 AMERICAS: SNAPSHOT OF LED LIGHTING MARKET
  • FIGURE 52 EUROPE: SNAPSHOT OF LED LIGHTING MARKET
  • FIGURE 53 ASIA PACIFIC: SNAPSHOT OF LED LIGHTING MARKET
  • FIGURE 54 REVENUE ANALYSIS OF KEY PLAYERS IN LED LIGHTING MARKET, 2018–2022
  • FIGURE 55 COMPANY VALUATION, 2022 (USD BILLION)
  • FIGURE 56 FINANCIAL METRICS (EV/EBITDA), 2022
  • FIGURE 57 BRAND/PRODUCT COMPARISON
  • FIGURE 58 LED LIGHTING MARKET: COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2023
  • FIGURE 59 LED LIGHTING MARKET: COMPANY EVALUATION MATRIX FOR START-UPS/SMES, 2023
  • FIGURE 60 SIGNIFY HOLDING: COMPANY SNAPSHOT
  • FIGURE 61 ACUITY BRANDS, INC.: COMPANY SNAPSHOT
  • FIGURE 62 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
  • FIGURE 63 AMS-OSRAM AG: COMPANY SNAPSHOT
  • FIGURE 64 LG ELECTRONICS: COMPANY SNAPSHOT
  • FIGURE 65 DIALIGHT: COMPANY SNAPSHOT
  • FIGURE 66 HUBBELL: COMPANY SNAPSHOT
  • FIGURE 67 ZUMTOBEL GROUP: COMPANY SNAPSHOT

This research elucidates the approach used to compile this report on the LED Lighting Market. The study employs two fundamental information sources, secondary and primary sources, which collectively provide a comprehensive, technical, and commercial analysis of the LED Lighting Market. Secondary sources encompass data derived from sources like company websites, publications, industry associations, and databases such as OneSource, Factiva, and Bloomberg. Additionally, primary sources were tapped, including insights from key opinion leaders spanning various sectors, experts from governmental entities and associations, preferred suppliers, LED Lighting manufacturers, distributors, technology experts, subject matter specialists (SMEs), C-level executives of prominent firms, and industry consultants. These interviews were instrumental in acquiring, validating, and comprehending crucial information and in gauging the future prospects and trends within the LED Lighting Market. Key market players were identified through secondary research, and their market positioning was assessed via a combination of primary and secondary research methods. Furthermore, this research integrated an examination of the annual reports of market participants to pinpoint the leading players in the LED Lighting Market.

Secondary Research

In the secondary research phase, we referred to a variety of secondary sources to identify and collect pertinent information for this LED Lighting Market study. These secondary sources encompassed materials such as companies' annual reports, press releases, and investor presentations, as well as white papers, accredited publications, and articles authored by recognized experts. We also consulted directories and databases. The global size of the LED Lighting Market was determined through secondary data obtained from both paid and freely available sources. This involved evaluating the product portfolios of leading companies and assessing the quality of their offerings. The secondary research process was instrumental in gathering essential data related to the industry's supply chain, the financial aspects of the market, the total count of major market players, and the segmentation of the market in alignment with industry trends down to the most granular level, including geographic markets. Furthermore, this phase allowed for the identification and examination of industry trends and significant developments from both market and technology perspectives.

Primary Research

In the primary research phase, we conducted interviews with a range of primary sources to acquire both qualitative and quantitative data concerning the market in four primary regions: Asia Pacific, North America, Europe, and RoW (comprising the Middle East, Africa, and South America). On the supply side, primary sources included industry experts occupying various roles such as CEOs, vice presidents, marketing directors, technology directors, and other key executives from major companies and organizations operating within the LED Lighting Market or closely related sectors. This primary research was instrumental in gathering, verifying, and validating critical data that had been sourced from other channels following the market engineering phase.

Primary research also served to identify various market segments, industry trends, key players, the competitive landscape, and the pivotal market dynamics, encompassing factors such as drivers, constraints, opportunities, and challenges, as well as the key strategies adopted by market players. The majority of the primary interviews focused on engaging with the supply side of the market, and the collection of this primary data was carried out through questionnaires, email correspondence, and telephonic interviews.

LED Lighting Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The market engineering process extensively employed both top-down and bottom-up approaches. Additionally, a range of data triangulation methods played a crucial role in conducting market forecasting and estimating values for both the overall market segments and their sub-segments, as detailed in the report. To extract vital insights throughout the report, multiple qualitative and quantitative analyses were executed within the market engineering process.

In the identification of key players within the LED Lighting Market, secondary research was instrumental. The revenues generated by these key players were determined through a combination of primary and secondary research methods. Their revenue figures were further dissected by geographical regions and market segments, leveraging financial statements and an analysis of the annual reports released by these prominent market players. Interviews with CEOs, VPs, directors, and marketing executives were also conducted to enrich our understanding of the key players and their role in the LED Lighting Market. Market shares, a critical aspect of the analysis, were estimated using a blend of secondary and primary research. This data was then consolidated, enhanced with comprehensive insights and analysis provided by MarketsandMarkets, and is presented in this report.

Global LED Lighting Market Size: Bottom-Up Approach

LED Lighting Market Size, and Bottom-Up Approach

Global LED Lighting Market Size: Top-Down Approach

LED Lighting Market Size, and Top-Down Approach

Data Triangulation

Following the determination of the comprehensive market size through the previously described market size estimation process, the entire market was subsequently divided into multiple segments and sub-segments. To accomplish this and attain precise statistical data for all segments and sub-segments, the market engineering process employed a data triangulation method. This triangulation involved a thorough examination of diverse factors and trends originating from both the demand and supply aspects of the market. In addition to this, the market's accuracy and reliability were substantiated through a combination of both top-down and bottom-up approaches.

Market Definition

A light-emitting diode (LED) is a semiconductor light source formed from a p–n junction diode. It emits light when a suitable voltage is applied across its leads. An LED lighting system is formed by integrating LED devices into a lamp to be used as a light bulb or light source in a lighting fixture. LED lighting solutions consist of high-efficiency fixtures and associated controls such as drivers and dimming switches, which adjust the lighting based on factors such as occupancy and daylight. LED lighting is increasingly implemented to control growing energy consumption in buildings and outdoor areas. Robust development is expected in smart lighting technology that involves the extensive use of LEDs and smart electronic components, such as sensors, and other semiconductor components.

Stakeholders

  • Raw material and wafer suppliers
  • System integrators
  • LED component manufacturers
  • Original equipment manufacturers (OEMs)
  • Integrated device manufacturers (IDMs)
  • Original design manufacturers (ODMs)
  •  IoT components, AI-based services, and software providers
  • Assembling, testing, and packaging services providers
  • Suppliers and distributors
  • Governments and other regulatory bodies
  • Research institutes and organizations
  • Market research and consulting firms

Study Objectives

  • To describe and forecast the size of the LED lighting market based on product type, application, installation, sales channel, and region, in terms of value
  • To forecast the size of the LED lighting market based on installation and sales channel segments, in terms of value
  • To forecast the size of the LED lighting market based on product type, in terms of volume
  • To describe and forecast the market for four main regions, namely, the Americas, Asia Pacific, Europe, and Rest of the World (RoW), in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide a detailed overview of the value chain of the LED lighting ecosystem, along with the average selling prices of product types
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contributions to the overall market
  • To strategically analyze the ecosystem, Porter’s five forces, regulations, patent landscape, trade landscape, and case studies pertaining to the market under study
  • To analyze opportunities in the market for the stakeholders by identifying high-growth segments in the market
  • To strategically profile the key players and provide a detailed competitive landscape of the LED lighting market
  • To analyze strategic approaches adopted by the leading players in the LED lighting market, including product launches/developments/collaborations/partnerships/expansions, and mergers & acquisitions

Available Customizations:

With the given market data, MarketsandMarkets offers customizations based on the specific requirements of companies. The following customization options are available for the report:

Company Information

  • Market size based on different subsegments of the LED Lighting Market
  • Detailed analysis and profiling of additional market players (up to five)

Previous Versions of this Report

LED Lighting Market by Installation (New, Retrofit), Product Type (A-type, T-type, Decorative, Directional), Sales Channel (Retail, Direct, E-commerce), Application (Residential, Commercial, Industrial) and Geography - Global Forecast to 2027

Report Code SE 4912
Published in Jun, 2022, By MarketsandMarkets™

LED Lighting Market by Installation (New, Retrofit), Product Type (A-type, T-type, Decorative, Directional), Sales Channel (Retail, Direct, E-commerce), Application (Residential, Commercial, Industrial) and Geography - Global Forecast to 2027

Report Code SE 4912
Published in Jan, 2017, By MarketsandMarkets™
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Growth opportunities and latent adjacency in LED Lighting Market

Wouter

Aug, 2019

I would like to know the total LED lighting market sector in South Africa. If possible in Rand value as well as percentage. Looking forward to your quick response..

anil

Sep, 2019

Being in lighting field since more than 48 years interested to get more information which can help me in my role as consultant to lighting industry. Please let me know what all new trends, applications, technologies have been included in this report?.

David

Sep, 2018

Hi. I am writing a story for the media on railroad industry adoption of LED lighting. I am hoping to ask an industry analyst a question and use the quote for my story, which will be placed with targeted news media. Should only take a few minutes, but can really use an expert. Thank you..

Susan

Jun, 2019

What product types make up the total lighting retrofit market by percentage (i.e. linear fixtures, downlighting, high bay, low bay, etc). Please elaborate..

Hebatullah

Jul, 2019

We are a LED manufacturer based in Egypt, need to know how to compete with the Chinese companies in terms of pricing and exporting our products to other countries?.

Juan

Feb, 2017

My specific interest id LED Lighting Market by Installation Type (New Installation and Retrofit Installation) in North America and Asia Pacific. Do you provide quantitative analysis for these 2 regions only? .

Ross

Apr, 2017

I provide financing solutions for all types of energy efficiency projects, with a focus on LED lighting retrofits. Please let me know how I may be benefitted out of this report?.

Alice

Apr, 2017

What would the pricing for all quantitative tables related to Asia Pacific regions and top company profiles in this region? .

Ivy

Jan, 2018

We are the manufacturer of LED lights, we are looking for the information on LED panel lights, LED downlights, LED track lights, LED linear lights, and LED Strips. Do you have any specific study on this?.

Claudia

Jan, 2019

I am doing my final thesis of the masters in LED lighitng. I am interested in this report, what would the best price for this? Thank you very much in advance. .

Mark

Feb, 2017

Our interest is in the international LED High Bay market and the adoption of smart technologies such as sensors..

Renaldo

Jul, 2019

I am interested in Europre LED lighting market and want to understand, what is the current market size in Italy, France, Germany and UK in the European Market? What is the penetration of LED in the overall lighting in these countries?.

akhil

Nov, 2017

I am interested to know how is the competition among the system integrators within LED lighting industry? Does the report include market stategies adopted by major players within the ecosystem to get competitive edge in the market?.

ameen

Jul, 2019

Would like to understand the market potential for LED lighting in rural parts of India? Do you have such information qualitative or quantitative?.

mohsen

May, 2017

I am looking for the potential of LED Lighting across different indoor and outdoor applications. Does the report provide this information across prominent countries in all the regions?.

Shola

Feb, 2019

I am looking to do business as a LED Lighting distributor. This is a completely new venture for me and I will love to receive more insight on what I need to do to becoming a distributor/marketer of this product. I look forward to receiving your response. Thanks..

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