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Report Overview
The global LED panel light market was valued at USD 28.71 Billion in 2025. The market is expected to grow at a CAGR of 14.00% during the forecast period of 2026-2035 to reach a value of USD 106.43 Billion by 2035. Smart integration of LED panels with IoT-enabled building management systems is fueling adoption across advanced economies, enabling real-time energy monitoring and predictive maintenance to extend product lifecycle.
One of the major motivators shaping the global market is the aggressive push for energy efficiency regulations. According to the LED panel light market analysis, in the United States, the majority of lighting installations are anticipated to use LED technology, and energy savings from LED lighting could top 569 TWh annually by 2035. This active shift toward efficiency is compelling commercial and government buyers to replace conventional lighting with LED panels, which offer both cost savings and compliance advantages.
Adding to this momentum are large-scale government initiatives. India’s UJALA program has already distributed over 36 crore LED bulbs and panel lights as of January 2025. Similarly, the European Union’s Green Deal and EcoDesign directives are pushing manufacturers to design panels with higher lumen efficacy and longer lifecycle guarantees. These regulatory frameworks are not just influencing product design but also shaping tender requirements for smart city and infrastructure projects worldwide.
At the same time, corporate sustainability goals are amplifying demand in the LED panel light market. Over 42% of Fortune 500 companies now report carbon reduction targets. For facility managers, LED panel lights present an access for quick energy footprint reduction. This synergy between regulation, corporate commitments, and evolving customer preference positions the market as one of the most responsive categories in the broader lighting industry.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Competitive Landscape
The global market is highly competitive, with LED panel light companies focusing on product innovation, energy efficiency, and sustainability-driven designs. A strong emphasis is being placed on modular, recyclable, and smart-integrated solutions, reflecting government sustainability mandates and corporate ESG targets.
Players are also investing in IoT-enabled panel lights that integrate with smart building ecosystems, enabling adaptive brightness, predictive maintenance, and emergency-ready features. Partnerships with construction firms and government-backed infrastructure programs remain critical channels for expansion. Emerging opportunities can be found in customization for architectural aesthetics, healthcare-certified anti-bacterial LED panels, and integration of renewable-powered lighting systems. In this environment, LED panel light market players with strong R&D, scalable manufacturing, and digital-ready offerings are better positioned to capture growth.
Key Players
Signify N.V.
Established in 2016 with its headquarters in Eindhoven, Netherlands, Signify N.V. continues to be among the leaders in the global LED panel lighting industry. Signify specializes in IoT-connected lighting, recyclable modular designs, and cutting-edge sustainability solutions. Its 3D-printed LED lighting exemplifies its pioneering work in circular economy. Signify also provides smart city projects around the world with adaptive and energy-efficient panel systems that are compliant with government decarbonization initiatives.
OPPLE Lighting Co., Ltd.
Founded in 2008 and with headquarters in China, OPPLE Lighting Co., Ltd. is a global leader with significant presence in the Asia Pacific and Middle East regions. The firm focuses on the development of LED panel lights for cost and speed scalability. The ability to enter new markets around the world with low-cost innovative products has enabled OPPLE to grow competitively and globally while preserving healthy competitive pricing.
Acuity Brands, Inc.
With its presence in the United States, with its headquarters in Georgia and founded in 2001, Acuity Brands, Inc. caters to the commercial and industrial sectors with smart LED panel lighting solutions. The company focuses on connected lighting systems, providing IoT-based platforms that can be integrated with building automation. Acuity's product portfolio comprises architectural-grade panels with tunable white capabilities, considering workplace wellness as well as design needs.
Zhejiang Yankon Group Co. Ltd.
Founded in 1975 in China, Zhejiang Yankon Group Co. Ltd. is Asia's leading lighting manufacturer. The company offers affordable LED panel lights for energy efficiency, enabling mass adoption in developing markets as well as institutional categories. Its massive production capacity and state-backed projects enable it to gain considerable market share globally.
Other key players in the market are Panasonic Holdings Corp., Lumiron Inc., Osleder Lighting Technology Co., Ltd., Cree Lighting USA LLC, Eaton Corporation PLC, Guangzhou Vorlane Optoelectronics Technology Co., Ltd., among others.
LED Panel Light Market Report Snapshots
*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 2025, the LED panel light market reached an approximate value of USD 28.71 Billion.
The market is projected to grow at a CAGR of 14.00% between 2026 and 2035.
The market is estimated to reach a value of about USD 106.43 Billion by 2035.
Manufacturers are expanding R&D, enhancing recyclable modular designs, forging infrastructure partnerships, integrating IoT features, and diversifying portfolios with healthcare and design-focused LED panel innovations to strengthen competitive positioning.
The introduction of favourable government initiatives aimed at promoting the use of energy-efficient lighting, the growing concerns regarding rapid climate change, and technological advancements and product innovations are the key trends fuelling the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The various applications of LED panel light are retrofit, retail and hospitality, outdoor, offices, architectural, residential, and industrial, among others.
The key players in the market include Signify N.V., OPPLE Lighting Co., Ltd., Acuity Brands, Inc., Zhejiang Yankon Group Co. Ltd., Panasonic Holdings Corp., Lumiron Inc., Osleder Lighting Technology Co., Ltd., Cree Lighting USA LLC, Eaton Corporation PLC, Guangzhou Vorlane Optoelectronics Technology Co., Ltd., among others.
High initial costs, fragmented standards, and rising raw material prices remain key barriers, alongside technical hurdles in recyclability and integration with rapidly evolving IoT-based smart building ecosystems.
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