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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.
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.
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
Market Breakup by Installation Type
Market Breakup by Application
Market Breakup by End Use
Market Breakup by Distribution Channel
Market Breakup by Region
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Installation Type |
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Breakup by Application |
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Breakup by End Use |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific LED Lighting Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific LED Lighting Historical Market (2018-2023)
8.3 Asia Pacific LED Lighting Market Forecast (2024-2032)
9 Australia LED Lighting Market Overview
9.1 Key Industry Highlights
9.2 Australia LED Lighting Historical Market (2018-2023)
9.3 Australia LED Lighting Market Forecast (2024-2032)
10 Australia LED Lighting Market by Product Type
10.1 Luminaire
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Troffers
10.1.3.2 High Bay
10.1.3.3 Track Lights
10.1.3.4 Streetlight
10.1.3.5 Others
10.2 Lamps
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 T-Lamps
10.2.3.2 A-Lamps
10.2.3.3 Others
11 Australia LED Lighting Market by Installation Type
11.1 Retrofit LED
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 New LED
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Australia LED Lighting Market by Application
12.1 Outdoor
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Indoor
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Australia LED Lighting Market by End Use
13.1 Industrial
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Residential
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Highway and Roadway
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Architectural
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Commercial
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Australia LED Lighting Market by Distribution Channel
14.1 Online
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Offline
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 Australia LED Lighting Market by Region
15.1 New South Wales
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Victoria
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.3 Queensland
15.3.1 Historical Trend (2018-2023)
15.3.2 Forecast Trend (2024-2032)
15.4 Australian Capital Territory
15.4.1 Historical Trend (2018-2023)
15.4.2 Forecast Trend (2024-2032)
15.5 Western Australia
15.5.1 Historical Trend (2018-2023)
15.5.2 Forecast Trend (2024-2032)
15.6 Others
16 Market Dynamics
16.1 SWOT Analysis
16.1.1 Strengths
16.1.2 Weaknesses
16.1.3 Opportunities
16.1.4 Threats
16.2 Porter’s Five Forces Analysis
16.2.1 Supplier’s Power
16.2.2 Buyer’s Power
16.2.3 Threat of New Entrants
16.2.4 Degree of Rivalry
16.2.5 Threat of Substitutes
16.3 Key Indicators for Demand
16.4 Key Indicators for Price
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Decrolux Lighting Pty Ltd
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Aqualux Lighting
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Tovo (Australasia Pty Ltd) [Tovo Lighting]
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 SAL National Pty Ltd
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Haneco Lighting Australia Pty Ltd
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific LED Lighting Market: Key Industry Highlights, 2018 and 2032
2. Australia LED Lighting Market: Key Industry Highlights, 2018 and 2032
3. Australia LED Lighting Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. Australia LED Lighting Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. Australia LED Lighting Historical Market: Breakup by Installation Type (USD Billion), 2018-2023
6. Australia LED Lighting Market Forecast: Breakup by Installation Type (USD Billion), 2024-2032
7. Australia LED Lighting Historical Market: Breakup by Application (USD Billion), 2018-2023
8. Australia LED Lighting Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. Australia LED Lighting Historical Market: Breakup by End Use (USD Billion), 2018-2023
10. Australia LED Lighting Market Forecast: Breakup by End Use (USD Billion), 2024-2032
11. Australia LED Lighting Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
12. Australia LED Lighting Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
13. Australia LED Lighting Historical Market: Breakup by Region (USD Billion), 2018-2023
14. Australia LED Lighting Market Forecast: Breakup by Region (USD Billion), 2024-2032
15. Australia LED Lighting Market Structure
In 2023, the market reached an approximate value of USD 1.14 billion.
The market is expected to grow at a CAGR of 8.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2.43 billion by 2032.
The market is being driven due to growing consumer awareness about the environment and energy efficiency, the durability and efficiency of LED lights, the government initiatives promoting energy efficiency.
Key trends aiding the market expansion include technological advancements in LED chips, declining costs of LED lights, improved performance, and the ban on incandescent bulbs.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on end use, the market segmentations include industrial, residential, highway and roadway, architectural, and commercial, among others.
The market can be segmented by product type into luminaires (including troffers, high bay, track lights, and streetlight, among others) and lamps (including -lamps and a-lamps, among others).
Key players in this market include Decrolux Lighting Pty Ltd, Aqualux Lighting, Tovo (Australasia Pty Ltd) [Tovo Lighting], SAL National Pty Ltd, and Haneco Lighting Australia Pty Ltd, among others.
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