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Global LED Light Engine Market: By Product: Lamp, Luminaire; By Form: Flexible, Rigid; By Installation Type: New Installation, Retrofit Installation; By End Use: Residential, Commercial, Industrial; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global LED Light Engine Market Outlook

The LED light engine market stood at a value of almost USD 31 billion in 2020. The industry is further expected to grow at a CAGR of 15% over the forecast period of 2022-2027.

 

Global LED Light Engine Market

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Properties and Applications

LED light engine usually comprises of an LED chip installed on a circuit board with electrical and mechanical attachments, which means that it is prepared to be fixed in the luminaire.

 

Global LED Light Engine Market By End Use

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The global LED light engine industry can be divided based on segments like products, forms, installation types, and end-uses.

The industry can be divided based on its products into lamp and luminaire. The industry can be divided based on its forms as flexible and rigid. Rigid LED light engine can be further subdivided into linear and round, among others. The industry can be bifurcated based on installation type into new installation and retrofit installation. The industry can be broadly categorised based on its end-uses into:

  • Residential
  • Commercial
  • Industrial
  • Others

The EMR report looks into the regional LED light engine markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

Global LED Light Engine Market By Region

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Market Analysis

The increased demand for energy-efficient lighting systems is the key variable affecting the market growth. Modernising and developing infrastructure, such as smart cities, leading to the application of IoT-based lighting technologies is driving the industry growth. Further, reduced LED prices, increased penetration of LEDs as light sources in general lighting, and the fast growth of LED technology over standard lighting are providing a further boost to the market growth. It is anticipated that indoor lighting will have a higher market share than outdoor lighting. The housing market is anticipated to have enormous potential in the future.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global LED light engine market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Nichia Corporation     
  • Osram Licht AG 
  • Samsung Electronics Co. Ltd.  
  • Everlight Electronics      
  • Wipro Enterprises (P) Limited     
  • Signify N.V.   
  • Lutron Electronics Company 
  • Seoul Semiconductor Co ltd 
  • Cree Inc (NASDAQ: CREE)
  • Lumileds 
  • Hubbell Incorporated  
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment- Product, Form, Installation Type, End Use, Region
Breakup by Product Lamp, Luminaire
Breakup by Form Flexible, Rigid
Breakup by Installation Type New Installation, Retrofit Installation
Breakup by End Use Residential, Commercial, Industrial, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Nichia Corporation, Osram Licht AG (ETR: OSR), Samsung Electronics Co. Ltd. (KRX: 005930), Everlight Electronics (TPE: 2393), Wipro Enterprises (P) Limited, Signify N.V., Lutron Electronics Company, Seoul Semiconductor Co ltd (KOSDAQ: 046890), Cree Inc (NASDAQ: CREE), Lumileds, Hubbell Incorporated (NYSE: HUBB), Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global LED Light Engine Market Analysis

    8.1    Key Industry Highlights
    8.2    Global LED Light Engine Historical Market (2017-2021) 
    8.3    Global LED Light Engine Market Forecast (2022-2027)
    8.4    Global LED Light Engine Market by Product
        8.4.1    Lamp
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Luminaire
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global LED Light Engine Market by Form
        8.5.1    Flexible
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Rigid
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
            8.5.2.4    Breakup by Type
                8.5.2.4.1    Linear
                8.5.2.4.2    Round
                8.5.2.4.3    Others
    8.6    Global LED Light Engine Market by Installation Type
        8.6.1    New Installation
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Retrofit Installation
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    Global LED Light Engine Market by End Use
        8.7.1    Residential
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Commercial
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Industrial
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
    8.8    Global LED Light Engine Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Nichia Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Osram Licht AG
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Samsung Electronics Co. Ltd.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Everlight Lighting Co., Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Wipro Enterprises (P) Limited
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
        12.2.6    Signify N.V.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Lutron Electronics Co., Inc
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Seoul Semiconductor Co ltd.
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    Cree Inc.
            12.2.9.1    Company Overview
            12.2.9.2    Product Portfolio
            12.2.9.3    Demographic Reach and Achievements
            12.2.9.4    Certifications
        12.2.10    Lumileds 
            12.2.10.1    Company Overview
            12.2.10.2    Product Portfolio
            12.2.10.3    Demographic Reach and Achievements
            12.2.10.4    Certifications
        12.2.11    Hubbell Incorporated
            12.2.11.1    Company Overview
            12.2.11.2    Product Portfolio
            12.2.11.3    Demographic Reach and Achievements
            12.2.11.4    Certifications
        12.2.12    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global LED Light Engine Market: Key Industry Highlights, 2017 and 2027
2.    Global LED Light Engine Historical Market: Breakup by Product (USD Billion), 2017-2021
3.    Global LED Light Engine Market Forecast: Breakup by Product (USD Billion), 2022-2027
4.    Global LED Light Engine Historical Market: Breakup by Form (USD Billion), 2017-2021
5.    Global LED Light Engine Market Forecast: Breakup by Form (USD Billion), 2022-2027
6.    Global LED Light Engine Historical Market: Breakup by Installation Type (USD Billion), 2017-2021
7.    Global LED Light Engine Market Forecast: Breakup by Installation Type (USD Billion), 2022-2027
8.    Global LED Light Engine Historical Market: Breakup by End Use (USD Billion), 2017-2021
9.    Global LED Light Engine Market Forecast: Breakup by End Use (USD Billion), 2022-2027
10.    Global LED Light Engine Historical Market: Breakup by Region (USD Billion), 2017-2021
11.    Global LED Light Engine Market Forecast: Breakup by Region (USD Billion), 2022-2027
12.    North America LED Light Engine Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    North America LED Light Engine Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Europe LED Light Engine Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Europe LED Light Engine Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Asia Pacific LED Light Engine Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Asia Pacific LED Light Engine Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Latin America LED Light Engine Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Latin America LED Light Engine Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Middle East and Africa LED Light Engine Historical Market: Breakup by Country (USD Billion), 2017-2021
21.    Middle East and Africa LED Light Engine Market Forecast: Breakup by Country (USD Billion), 2022-2027
22.    Global LED Light Engine Market Structure

Key Questions Answered in the Report

In 2020, the global LED light engine market attained a value of nearly USD 31 billion.

The market is projected to grow at a CAGR of 15% between 2021 and 2026.

The major industry drivers are rising industrialisation, increasing demand for energy efficient lighting systems and developing infrastructure.

The key trends in the market are reduced prices of LED and penetration of LEDs as a light source and the fast growth of LED technology.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The dominant type of LED light engine in the industry are lamps and luminaires.

The forms of the product include flexible and rigid. Rigid segment can be further divided into linear and round, among others.

The installation types include new installation and retrofit installation.

The end-use sectors include residential, commercial, and industrial, among others.

The major players in the industry are Nichia Corporation, Osram Licht AG, Samsung Electronics Co. Ltd., Everlight Electronics, Wipro Enterprises (P) Limited, Signify N.V., Lutron Electronics Company, Seoul Semiconductor Co ltd, Cree Inc (NASDAQ: CREE), Lumileds, and Hubbell Incorporated, among others.

Analyst Review

The global LED light engine market attained a value of USD 31 billion in 2020, driven by the increasing demand for energy efficient lighting systems and developing infrastructure. Aided by the reduced prices of LED and penetration of LEDs as a light source and the fast growth of LED technology, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 15%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the LED light engine industry can be segmented lamps and luminaires. The forms of the product include flexible and rigid. Rigid segment can be further divided into linear and round, among others. The installation types include new installation and retrofit installation. The end-use sectors include residential, commercial, and industrial, among others. The major regional markets for LED light engine are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Nichia Corporation, Osram Licht AG, Samsung Electronics Co. Ltd., Everlight Electronics, Wipro Enterprises (P) Limited, Signify N.V., Lutron Electronics Company, Seoul Semiconductor Co ltd, Cree Inc (NASDAQ: CREE), Lumileds, Hubbell Incorporated, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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