Australia LED Lighting Market Report and Forecast 2024-2032

Australia LED Lighting Market Outlook

The Australia LED lighting market size was valued at USD 1.14 billion in 2023. The market is further projected to grow at a CAGR of 8.6% between 2024 and 2032, reaching a value of USD 2.43 billion by 2032.

Key Takeaways

• Advancements in LED technology, such as tuneable spectra, wireless connectivity, and sensor integration, contribute to Australia LED lighting market development by offering enhanced functionality and control.

• As per industry reports, 79% of consumers in Australia intend to use LED lighting in the next few years.

• Currently 59% of homes have one or more LED or compact fluorescent lamp (CFL).

• The transition to high efficiency LED lamps has reduced residential lighting energy use in Australia by approximately 65% and greenhouse gas emissions by up to 2219 kiloton CO2 per annum for Australia.

With the ban on incandescent bulbs in 2009 and the promotion of LED technology, the market is witnessing a rapid adoption of energy-efficient lighting solutions, such as LEDs. Technological advancements in LED chips have further boosted Australia LED lighting market growth.

Another key trend in the market is the modernisation of urban infrastructure. Cities like Sydney and Melbourne are upgrading their street lighting to energy-efficient LEDs to reduce energy consumption and maintenance costs. For instance, the City of Melbourne have replaced over 14,000 streetlights with LEDs, resulting in significant energy savings. Moreover, government initiatives like the Energy Efficiency Standards for Lighting are driving the adoption of LEDs in residential and commercial settings.

The luminaires segment including troffers, high bays, track lights, and streetlights, accounts for a significant portion of the Australia LED lighting market share. Data shows that the revenue from LED luminaires in Australia reached USD 320 million in 2021. Moreover, the adoption of LED streetlights in major cities like Brisbane and Perth has led to energy savings of up to 70%, driving the demand for LED luminaires in outdoor lighting applications.

LED lamps, such as t-lamps and a-lamps offer energy efficiency, durability, and design flexibility, making them popular choices for businesses. Data indicates that the revenue from LED lamps in Australia exceeded 180 million in 2021. Additionally, the increasing use of LED a-lamps in office buildings and retail spaces has led to reduced maintenance costs, driving the demand for LED lamps in the market.

Market Segmentation

Australia LED Lighting Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments

Market Breakup by Product Type

• Luminaire
  • Troffers
  • High Bay
  • Track Lights
  • Streetlight
  • Others

• Lamps
  • T-Lamps
  • A-Lamps
  • Others

Market Breakup by Installation Type

• Retrofit LED

• New LED

Market Breakup by Application

• Outdoor

• Indoor

Market Breakup by End Use

• Industrial

• Residential

• Highway and Roadway

• Architectural

• Commercial

• Others

Market Breakup by Distribution Channel

• Online

• Offline

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

Competitive Landscape

Market players are strategically investing in R&D activities to expand their product lines, improve efficiency, and cater to the evolving needs of consumers seeking cost-effective LED lighting solutions.

• Decrolux Lighting Pty Ltd

• Aqualux Lighting

• Tovo (Australasia Pty Ltd) [Tovo Lighting]

• SAL National Pty Ltd

• Haneco Lighting Australia Pty Ltd

• Others

Key Highlights of the Report