PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1698559
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1698559
LED Lighting Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034
The Global LED Lighting Market was valued at USD 94.5 billion in 2024 and is projected to grow at a CAGR of 10.4% from 2025 to 2034. The increasing adoption of LED streetlights and expanding applications in horticulture are key drivers of market growth. Governments worldwide are implementing smart lighting initiatives to improve energy efficiency, lower maintenance costs, and support sustainability efforts. As cities upgrade infrastructure, the demand for LED solutions continues to rise. The need for adaptive and sensor-based LED lighting that integrates with smart city ecosystems is growing, creating opportunities for manufacturers to develop energy-efficient solutions.
Horticulture is another sector recording a surge in LED adoption. LED grow lights provide optimized light spectra to enhance plant growth, making them an essential tool in commercial agriculture and indoor farming. With smart farming practices on the rise, LED lighting is increasingly integrated with automated control systems, helping farmers regulate light exposure for optimal crop yields. The push for more efficient and sustainable agricultural practices is driving investments in advanced LED grow light technology. As the agriculture industry seeks solutions that improve productivity and efficiency, manufacturers are focusing on developing full-spectrum, energy-efficient lighting options that align with modern farming techniques.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | |
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market scope and definitions
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2024
Chapter 5 Market Estimates and Forecast, By Product Type, 2021 – 2034 (USD Bn)
Chapter 6 Market Estimates and Forecast, By Application, 2021 – 2034 (USD Bn)
Chapter 7 Market Estimates and Forecast, By Installation, 2021 – 2034 (USD Bn)
Chapter 8 Market Estimates and Forecast, By Sales Channel, 2021 – 2034 (USD Bn)
Chapter 9 Market Estimates and Forecast, By Wattage, 2021 – 2034 (USD Bn)
Chapter 10 Market Estimates and Forecast, By Technology, 2021 – 2034 (USD Bn)
Chapter 11 Market Estimates and Forecast, By Region, 2021 – 2034 (USD Bn)
Chapter 12 Company Profiles
