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Market Size

Global Led Lighting Market Size, Share, Growth, Forecast: By Product: Lamps, Luminaire; By Application: Indoor, Outdoor; By End Use: Residential, Commercial, Industrial, Government, Highway and Roadway, Architectural, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global LED Lighting Market Size

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 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.

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 Lighting Market Analysis

    8.1    Key Industry Highlights
    8.2    Global LED Lighting Historical Market (2018-2023) 
    8.3    Global LED Lighting Market Forecast (2024-2032)
    8.4    Global LED Lighting Market by Product
        8.4.1    Lamps
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
            8.4.1.3    Breakup by Type
                8.4.1.3.1    A-Lamps
                8.4.1.3.2    T-Lamps
                8.4.1.3.3    Others
        8.4.2    Luminaire
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
            8.4.2.3    Breakup by Type
                8.4.2.3.1    Downlight
                8.4.2.3.2    Street Light
                8.4.2.3.3    High Bay
                8.4.2.3.4    Troffers
                8.4.2.3.5    Track Lights
                8.4.2.3.6    Suspended Pendants
                8.4.2.3.7    Others
    8.5    Global LED Lighting Market by Application
        8.5.1    Indoor
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Outdoor
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global LED Lighting Market by End Use
        8.6.1    Residential
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Commercial
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Industrial
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Government
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Highway and Roadway
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Architectural
            8.6.6.1    Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
        8.6.7    Others   
    8.7    Global LED Lighting Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
              8.7.4.1    Historical Trend (2018-2023) 
              8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America LED Lighting 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  Lighting 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 Lighting 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 Lighting 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 Lighting 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    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Nichia Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    OSRAM Licht AG
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Samsung Electronics Co Ltd.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Everlight Electronics Co. Ltd.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Acuity Brands, Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Koninklijke Philips N.V.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Epistar Corp.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Seoul Semiconductor Co. Ltd.
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Panasonic Corporation
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    CreeLED, Inc.
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Lumileds Holding B.V.
            15.2.11.1    Company Overview
            15.2.11.2    Product Portfolio
            15.2.11.3    Demographic Reach and Achievements
            15.2.11.4    Certifications
        15.2.12    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

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

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.

Analyst Review

The global LED lighting market attained a value of USD 76.65 billion in 2023, driven by increased requirements for energy efficiency. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 9.1%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on products, the industry can be segmented into lamp and luminaire. On the basis of applications, the industry is bifurcated into indoor and outdoor. By end uses, the industry is divided into residential, commercial, industrial, government, highway and roadway, architectural, and others. The major regional markets for LED lightings 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 Co. Ltd., Acuity Brands, Inc., Koninklijke Philips N.V., Epistar Corp., Seoul Semiconductor Co. Ltd., CreeLED Inc., Lumileds Holding B.V., Panasonic Corporation, and 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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