Led Lighting Market, By Product Type (Lamps, Luminaires), By Application (Indoor, Outdoor), By End-use (Commercial, Residential, Industrial, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Description

The global LED lighting market is estimated to be valued at US$ 91.43 Bn in 2024 and is expected to reach US$ 201.01 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 91.43 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	11.90%	2031 Value Projection:	US$ 201.01 Bn

Figure. LED Lighting Market Share (%), By Region 2024

The global LED lighting market has witnessed tremendous growth over the past decade. LED or light emitting diode is a semiconductor device that emits light when an electric current is passed through it. LED lights have emerged as an energy efficient alternative to traditional incandescent and CFL bulbs. Factors, such as longer lifespan, lower power consumption, better physical robustness, and smaller size, have contributed to the growing popularity of LED lights globally. It is projected that LED lighting will account for over 50% of the total installed lighting capacity by 2030. Rapid urbanization coupled with initiatives to reduce carbon footprint through energy efficient lighting are boosting the adoption of LED lights across the residential, commercial, and industrial applications.

Market Dynamics:

The global LED lighting market is driven by factors such as growing environmental concerns, stringent regulations regarding energy consumption from traditional lighting, rising demand for lighting in construction, and connected infrastructure development projects. However, high initial costs associated with LED lights continues to restrain wider acceptance in price sensitive regions. On the positive side, ongoing technological advancements to increase luminous efficacy and reduce price points present key opportunities. Additionally, increased focus on smart cities and smart homes would further fuel next generation connected LED lighting systems worldwide over the coming years.

Key Features of the Study:

This report provides in-depth analysis of the global LED lighting market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global LED lighting market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Acuity Brands Lighting Inc., Cree Lighting, Dialight, Digital Lumens Inc., GE Lighting, Hubbell Incorporated, LumiGrow, LSI Industries Inc., Osram Licht AG, Panasonic Corporation, Philips Lighting, Samsung Electronics, Siteco GmbH, Toshiba Lighting & Technology Corporation, Zumtobel Group AG.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global LED lighting market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global LED lighting market.

Detailed Segmentation:

By Product Type
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
By Application
- Indoor
- Outdoor
By End-use
- Commercial
- Residential
- Industrial
- Others
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Acuity Brands Lighting Inc.
- Cree Lighting
- Dialight
- Digital Lumens Inc.
- GE Lighting
- Hubbell Incorporated
- LumiGrow
- LSI Industries Inc.
- Osram Licht AG
- Panasonic Corporation
- Philips Lighting
- Samsung Electronics
- Siteco GmbH
- Toshiba Lighting & Technology Corporation
- Zumtobel Group AG

Product Code: CMI959

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End-use
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global LED Lighting Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Lamps
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
A-Lamps
T-Lamps
Other
Luminaires
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Streetlights
Downlights
Troffers
Others

5. Global LED Lighting Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Indoor
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Outdoor
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global LED Lighting Market, By End-use, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Commercial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Residential
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Industrial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global LED Lighting Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End-use, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Acuity Brands Lighting Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Cree Lighting
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Dialight
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Digital Lumens Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- GE Lighting
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hubbell Incorporated
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- LumiGrow
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- LSI Industries Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Osram Licht AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Panasonic Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Philips Lighting (Signify)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Samsung Electronics
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Siteco GmbH
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Toshiba Lighting & Technology Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Zumtobel Group AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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