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LED Light Engine Market

Global LED Light Engine Market Size, Share, Analysis: By Product: Lamp, Luminaire; By Form: Flexible, Rigid; By Installation Type: New Installation, Retrofit Installation; By End Use: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global LED Light Engine Market Outlook

The LED light engine market stood at a value of almost USD 46.00 billion in 2023. The industry is further expected to grow at a CAGR of 12.2% over the forecast period of 2024-2032.      

 

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.

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.

 

Global LED Light Engine Market

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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.

 

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.

 

Global LED Light Engine Market

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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.

 

Key Highlights of the Report

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:

  • 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
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nichia Corporation
  • Osram Licht AG
  • Samsung Electronics Co. Ltd.
  • Everlight Lighting Co., Ltd.
  • Wipro Enterprises (P) Limited
  • Signify N.V.
  • Lutron Electronics Co., Inc
  • Seoul Semiconductor Co ltd.
  • Cree Inc.
  • Lumileds 
  • Hubbell Incorporated
  • 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    Opportunities and Challenges in the Market
8    Global LED Light Engine Market Analysis

    8.1    Key Industry Highlights
    8.2    Global LED Light Engine Historical Market (2018-2023) 
    8.3    Global LED Light Engine Market Forecast (2024-2032)
    8.4    Global LED Light Engine Market by Product
        8.4.1    Lamp
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Luminaire
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global LED Light Engine Market by Form
        8.5.1    Flexible
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Rigid
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
            8.5.2.3    Breakup by Type
                8.5.2.3.1    Linear
                8.5.2.3.2    Round
                8.5.2.3.3    Others
    8.6    Global LED Light Engine Market by Installation Type
        8.6.1    New Installation
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Retrofit Installation
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global LED Light Engine Market by End Use
        8.7.1    Residential
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Commercial
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Industrial
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)    
    8.8    Global LED Light Engine Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032) 
9    North America LED Light Engine Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe LED Light Engine Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific LED Light Engine Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America LED Light Engine Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and  Africa LED Light Engine Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Nichia Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Osram Licht AG
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Samsung Electronics Co. Ltd.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Everlight Lighting Co., Ltd.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Wipro Enterprises (P) Limited
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Signify N.V.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Lutron Electronics Co., Inc
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Seoul Semiconductor Co ltd.
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Cree Inc.
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Lumileds 
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Hubbell Incorporated
            16.2.11.1    Company Overview
            16.2.11.2    Product Portfolio
            16.2.11.3    Demographic Reach and Achievements
            16.2.11.4    Certifications
        16.2.12    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global LED Light Engine Market: Key Industry Highlights, 2018 and 2032
2.    Global LED Light Engine Historical Market: Breakup by Product (USD Billion), 2018-2023
3.    Global LED Light Engine Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.    Global LED Light Engine Historical Market: Breakup by Form (USD Billion), 2018-2023
5.    Global LED Light Engine Market Forecast: Breakup by Form (USD Billion), 2024-2032
6.    Global LED Light Engine Historical Market: Breakup by Installation Type (USD Billion), 2018-2023
7.    Global LED Light Engine Market Forecast: Breakup by Installation Type (USD Billion), 2024-2032
8.    Global LED Light Engine Historical Market: Breakup by End Use (USD Billion), 2018-2023
9.    Global LED Light Engine Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10.    Global LED Light Engine Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global LED Light Engine Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America LED Light Engine Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America LED Light Engine Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe LED Light Engine Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe LED Light Engine Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific LED Light Engine Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific LED Light Engine Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America LED Light Engine Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America LED Light Engine Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa LED Light Engine Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa LED Light Engine Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global LED Light Engine Market Structure

Key Questions Answered in the Report

In 2023, the global LED light engine market attained a value of nearly USD 46.00 billion.

The market is projected to grow at a CAGR of 12.2% between 2024 and 2032.

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

The key trends guiding the market are reduced prices of LED, the rising penetration of LEDs as a light source, and advancements in LED technology.

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

The several products of LED light engine are lamp and luminaires.

The various forms of LED light engine in the market include flexible and rigid.

The major installation types of LED light engine considered in the market report are new installation and retrofit installation.

The significant end uses of LED light engine are residential, commercial, and industrial.

The key market players are Nichia Corporation, Osram Licht AG, Samsung Electronics Co. Ltd., Everlight Lighting Co., Ltd., Wipro Enterprises (P) Limited, Signify N.V., Lutron Electronics Co., Inc, Seoul Semiconductor Co ltd., Cree Inc., Lumileds, and Hubbell Incorporated, among others.

Analyst Review

The global LED light engine market attained a value of USD 46.00 billion in 2023, 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 2024-2032, growing at a CAGR of 12.2%.

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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