The global LED bulb market was valued at USD 8.56 Billion in 2025. The market is further estimated to grow at a steady CAGR of 9.70% during the forecast period of 2026-2035 to reach USD 21.60 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
9.7%
Value in USD Billion
2026-2035
*this image is indicative*
| Global LED Bulb Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 8.56 |
| Market Size 2035 | USD Billion | 21.60 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 9.70% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 10.9% |
| CAGR 2026-2035 - Market by Country | India | 12.5% |
| CAGR 2026-2035 - Market by Country | China | 10.5% |
| CAGR 2026-2035 - Market by Application | Architectural | 11.2% |
| Market Share by Country 2025 | Italy | 3.4% |
Based on the application, the retrofit segment dominated the market in 2020, followed by retail and hospitality, as LED bulbs are swiftly replacing the conventional lighting systems. Regionally, India accounted for a significant share of the LED bulb market on account of the increase in the local manufacturing of LED products and several government initiatives.
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Light emitting diodes (LEDs) are one of the latest technological advancements in the lighting industry. LED bulb refers to an electric lamp comprising of numerous clusters of LEDs which are mounted on a base. In comparison to the conventional lighting sources, LED bulbs are associated with many advantages such as compact size, reduced energy consumption, long lifespan, and radiate lesser heat output. Also, LED bulbs are eco-friendly and offer a better colour rendering index (CRI) with zero toxic elements. Additionally, they are available in different shapes, colours, wattages, while some models are also equipped with dimmable controls. On account of this, LED bulbs are widely used in general lighting, healthcare, signal and signage, forensics, and street lighting.
Market Breakup by Application
Market Breakup by Region
LED bulbs are widely used in various verticals such as automotive, healthcare, general lighting, mobile devices, forensic, signal and signage, street lighting, and academics. Owing to the rapid urbanisation and industrialisation in the emerging economies, the demand for LED bulbs is expected to increase across various end-use industries. Furthermore, escalating global population and increasing sales of consumer electronics is likely to create a surge in electricity consumption. Increasing consumption of electricity, however, has not been supplemented by adequate electricity production, which in turn led to the growing demand for energy-efficient products like LED bulbs.
Further, increasing installations primarily drive the LED bulb market. It includes lights used in streetlights, downlights, high bays, track lights, and suspended pendants for various applications. Also, manufacturers are using unique marketing initiatives through different advertising mediums such as newspapers and television to increase consumer awareness about the advantages of these bulbs and expand their consumer base. Additionally, various awareness campaigns and policies in various countries for environmental protection and energy conservation are expected to augment the demand for LED bulbs over the forecast period. Also, constant encouragement by government and other regulatory bodies, along with rising product awareness amongst the population, is expected to impel the market growth. As a result, LED bulbs have emerged as one of the significant energy-efficient lighting solutions, which are envisaged to drive the LED bulb market forward in the coming years.
| CAGR 2026-2035 - Market by | Country |
| India | 12.5% |
| China | 10.5% |
| USA | 10.3% |
| Germany | 9.6% |
| Mexico | 8.9% |
| Canada | XX% |
| UK | XX% |
| France | XX% |
| Italy | 8.8% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Australia | 7.4% |
The report gives a detailed analysis of the following key players in the global LED bulb market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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The global LED bulb market reached a value of USD 8.56 Billion in 2025.
The market is projected to grow at a CAGR of nearly 9.70% in the forecast period of 2026-2035.
The market is estimated to reach a value of about USD 21.60 Billion by 2035.
The major market drivers include rapid industrialisation, rising disposable incomes, increasing investments in infrastructural development, and surging sales of consumer electronics.
The introduction of favourable government initiatives to promote the use of LED lighting, the surging installations of LED bulbs in downlights and streetlights, and the growing demand for energy-efficient lighting solutions are the key trends guiding the market development.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
Retrofit, retail and hospitality, outdoor, offices, architectural, residential, and industrial, among others, are the significant applications of LED bulb.
The leading players in the market are General Electric Company, Cree Lighting, Osram, and Signify Holding, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| 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 Application |
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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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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
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