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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global LED Lighting Market Outlook

The global LED lighting market attained a value of USD 76.65 billion in 2023. The LED lighting market expected to grow at a CAGR of 9.1% during the forecast period 2024-2032.

LED Lighting Market

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Properties and Applications

The LED lighting market is segmented based on product, application, and end-use.

LED Lighting Market by Segments

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Based on the product, the LED lighting market is divided as:

  • Lamps 
    • A-LAMPS
    • T-LAMP 
    • Others
  • Luminaire
    • Street Light
    • Downlight
    • Troffers
    • High Bay
    • Track Lights
    • Suspended Pendants
    • Others

Based on application, the LED lighting market can be segmented as:

  • Indoor 
  • Outdoor

Based on end-use, the LED lighting market can be divided as:

  • Residential
  • Commercial
  • Industrial
  • Government
  • Highway and Roadway
  • Architectural

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

Market Analysis

The lower operating costs and lower heat losses of LED lighting make them an appropriate substitute for incandescent lights. Technological advancements, shifting from standard to green lighting, improved requirements for energy efficiency, and falling prices have also prompted the growth of the demand for LED lighting.

The lack of awareness of new LED lighting solutions facilities and big installation payback periods have resulted in the slow global implementation of LED lighting solutions. This is, however, expected to change in the forecast period.

LED Lighting Market by Region

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global LED lighting 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 Co. Ltd. 
  • Acuity Brands, Inc. 
  • Koninklijke Philips N.V. 
  • Epistar Corp. 
  • Seoul Semiconductor Co. Ltd. 
  • CreeLED Inc.
  • Lumileds Holding B.V.
  • Panasonic Corporation 
  • 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
  • Application
  • End Use
  • Region
Breakup by Product
  • Lamps
  • Luminaire
Breakup by Application
  • Indoor
  • Outdoor
Breakup by End Use
  • Residential
  • Commercial
  • Industrial
  • Government
  • Highway and Roadway
  • Architectural
  • Others   
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 Electronics Co. Ltd.
  • Acuity Brands, Inc.
  • Koninklijke Philips N.V.
  • Epistar Corp.
  • Seoul Semiconductor Co. Ltd.
  • Panasonic Corporation
  • CreeLED, Inc.
  • Lumileds Holding B.V.
  • Others
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LED Lighting Market Report Snapshots

LED Lighting Market Size

LED Lighting Market Analysis

LED Lighting Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global LED lighting market attained a value of nearly USD 76.65 billion.

The market is projected to grow at a CAGR of 9.1% between 2024 and 2032.

The major drivers of the industry, such as improved requirements for energy efficiency, lower operating costs, and lower heat losses, are expected to aid the market growth.

The key market trend guiding the industry growth include the growing technological advancements in the forecast period.

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

Lamp and luminaire are the leading products in the industry.

Indoor and outdoor are the significant applications of the product in the market.

Residential, commercial, industrial, government, highway and roadway, and architectural, are the major end uses of the product in the industry.

The major players in the industry are Nichia Corporation, OSRAM Licht AG, Samsung Electronics Co Ltd., Everlight Electronics Co. Ltd., Acuity Brands, Inc., Koninklijke Philips N.V., Epistar Corp., Seoul Semiconductor Co. Ltd., Cree, Lumileds Holding B.V., and Panasonic Corporation, among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124