Reports
Global LED Lighting Market: By Product: Lamps, Luminaire; By Application: Indoor, Outdoor; By End Use: Residential, Commercial, Industrial, Government, Highway and Roadway, Architectural, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global LED Lighting Market Outlook
The global LED lighting market attained a value of USD 64.4 billion in 2021. The LED lighting market expected to grow at a CAGR of 9.1% during the forecast period 2023-2028.
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Properties and Applications
The LED lighting market is segmented based on product, application, and end-use.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, and Architectural |
| 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 |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| 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. (KRX: 005930), Everlight Electronics Co. Ltd. (TPE: 2393), Acuity Brands, Inc., Koninklijke Philips N.V. (AMS: PHIA), Epistar Corp. (TPE: 2448), Seoul Semiconductor Co. Ltd. (KOSDAQ: 046890), CreeLED Inc., Lumileds Holding B.V., Panasonic Corporation (TYO: 6752), 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 Lighting Market Analysis
8.1 Key Industry Highlights
8.2 Global LED Lighting Historical Market (2018-2022)
8.3 Global LED Lighting Market Forecast (2023-2028)
8.4 Global LED Lighting Market by Product
8.4.1 Lamps
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
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 (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
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 (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Outdoor
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global LED Lighting Market by End Use
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Commercial
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Industrial
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Government
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Highway and Roadway
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Architectural
8.6.6.1 Historical Trend (2018-2022)
8.6.6.2 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global LED Lighting Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America LED Lighting Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe LED Lighting Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific LED Lighting Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America LED Lighting Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa LED Lighting Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
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 2028
2. Global LED Lighting Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global LED Lighting Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global LED Lighting Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global LED Lighting Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global LED Lighting Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Global LED Lighting Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Global LED Lighting Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global LED Lighting Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America LED Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America LED Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe LED Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe LED Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific LED Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific LED Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America LED Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America LED Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa LED Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa LED Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global LED Lighting Market Structure
Key Questions Answered in the Report
In 2021, the global LED lighting market attained a value of nearly USD 64.4 billion.
The market is projected to grow at a CAGR of 9.1% between 2022 and 2027.
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 64.4 billion in 2021, 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 2023-2028, 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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