Global LED Lighting Market Size Study, by Product, by Application, by Installation Type, by Sales Channel, by End-use, and Regional Forecasts 2022-2032

Description

The Global LED Lighting Market is valued at USD 72.72 billion in 2023 and is anticipated to grow at a remarkable CAGR of 8.5% during the forecast period, reaching USD 151.54 billion by 2032. This growth is driven by the rising adoption of energy-efficient lighting systems, government regulations promoting LED use, and advancements in smart lighting technologies.

LED lighting has become the preferred choice across residential, commercial, and industrial applications, owing to its superior energy efficiency, longer lifespan, and adaptability for smart home integration. Features such as IoT connectivity, occupancy sensors, and daylighting compatibility have further expanded its adoption globally. The market also benefits from increasing urbanization and government initiatives supporting infrastructure development and energy conservation.

Asia Pacific accounted for the largest market share in 2023, driven by significant construction activities and energy-saving initiatives in countries like China, India, and Japan. Meanwhile, North America and Europe continue to adopt LED lighting in retrofitting projects and urban infrastructure upgrades, further boosting market growth.

Notable innovations include Zumtobel Group's advanced LED luminaires and Signify Holding's IoT-based lighting solutions, which are shaping the future of smart lighting. Market players are also focusing on mergers and acquisitions, as seen in Advanced Lighting Technologies, LLC's acquisition of Cree Lighting Inc., to strengthen their competitive position and product offerings.

Major market players included in this report are:

Acuity Brands, Inc.
Cree Lighting USA LLC
Dialight
Halonix Technologies Private Limited
Hubbell
LSI Industries Inc.
Nanoleaf
Panasonic Corporation
SAVANT TECHNOLOGIES LLC
Seoul Semiconductor Co., Ltd.
Signify Holding
Siteco GmbH
Syska
YEELIGHT
Zumtobel Group AG

The detailed segments and sub-segments of the market are explained below:

By Product

Lamps
- A-Lamps
- T-Lamps
- Others
Luminaires
- Streetlights
- Downlights
- Troffers
- Others

By Application

Indoor
Outdoor

By Installation Type

New LED
Retrofit LED

By Sales Channel

Online
Offline

By End-use

Commercial
Residential
Industrial
Others

By Region:

North America: U.S., Canada
Europe: U.K., Germany, France, Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific
Latin America: Brazil, Mexico, Rest of Latin America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Years Considered for the Study
Historical Years: 2022
Base Year: 2023
Forecast Period: 2024 - 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032
Annualized revenues and regional-level analysis for each market segment
Competitive landscape featuring major players and their strategies
Demand and supply-side analysis of the market

Chapter 1. Global LED Lighting Market Executive Summary

1.1. Global LED Lighting Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Application
- 1.3.3. By Installation Type
- 1.3.4. By Sales Channel
- 1.3.5. By End-use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global LED Lighting Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global LED Lighting Market Dynamics

3.1. Market Drivers
- 3.1.1. Government initiatives promoting energy-efficient lighting
- 3.1.2. Adoption of IoT-based smart lighting systems
- 3.1.3. Cost-effectiveness and long lifespan of LEDs
3.2. Market Challenges
- 3.2.1. High initial cost of LED lighting systems
- 3.2.2. Competition from alternative lighting technologies
3.3. Market Opportunities
- 3.3.1. Growth of smart city and urban infrastructure projects
- 3.3.2. Increasing demand for lighting in healthcare and automotive sectors

Chapter 4. Global LED Lighting Market Industry Analysis

4.1. Porter's Five Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's Five Force Model
- 4.1.7. Porter's Five Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global LED Lighting Market Size & Forecast by Product (2022-2032)

5.1. Segment Dashboard
5.2. Global LED Lighting Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Lamps
5.2.1.1 A-Lamps
5.2.1.2 T-Lamps
5.2.1.3 Others
- 5.2.2. Luminaires
5.2.2.1 Streetlights
5.2.2.2 Downlights
5.2.2.3 Troffers
5.2.2.4 Others

Chapter 6. Global LED Lighting Market Size & Forecast by Application (2022-2032)

6.1. Segment Dashboard
6.2. Global LED Lighting Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Indoor
- 6.2.2. Outdoor

Chapter 7. Global LED Lighting Market Size & Forecast by Installation Type (2022-2032)

7.1. Segment Dashboard
7.2. Global LED Lighting Market: Installation Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. New LED
- 7.2.2. Retrofit LED

Chapter 8. Global LED Lighting Market Size & Forecast by Sales Channel (2022-2032)

8.1. Segment Dashboard
8.2. Global LED Lighting Market: Sales Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Online
- 8.2.2. Offline

Chapter 9. Global LED Lighting Market Size & Forecast by End-use (2022-2032)

9.1. Segment Dashboard
9.2. Global LED Lighting Market: End-use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 9.2.1. Commercial
- 9.2.2. Residential
- 9.2.3. Industrial
- 9.2.4. Others

Chapter 10. Global LED Lighting Market Size & Forecast by Region (2022-2032)

10.1. North America LED Lighting Market
- 10.1.1. U.S. LED Lighting Market
- 10.1.2. Canada LED Lighting Market
10.2. Europe LED Lighting Market
- 10.2.1. U.K. LED Lighting Market
- 10.2.2. Germany LED Lighting Market
- 10.2.3. France LED Lighting Market
- 10.2.4. Rest of Europe LED Lighting Market
10.3. Asia Pacific LED Lighting Market
- 10.3.1. China LED Lighting Market
- 10.3.2. India LED Lighting Market
- 10.3.3. Japan LED Lighting Market
- 10.3.4. Australia LED Lighting Market
- 10.3.5. South Korea LED Lighting Market
- 10.3.6. Rest of Asia Pacific LED Lighting Market
10.4. Latin America LED Lighting Market
- 10.4.1. Brazil LED Lighting Market
- 10.4.2. Mexico LED Lighting Market
- 10.4.3. Rest of Latin America LED Lighting Market
10.5. Middle East & Africa LED Lighting Market
- 10.5.1. UAE LED Lighting Market
- 10.5.2. Saudi Arabia LED Lighting Market
- 10.5.3. South Africa LED Lighting Market
- 10.5.4. Rest of MEA LED Lighting Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Acuity Brands, Inc.
- 11.1.2. Signify Holding
- 11.1.3. Cree Lighting USA LLC
- 11.1.4. Seoul Semiconductor Co., Ltd.
11.2. Top Market Strategies

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes