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LED Lighting Market Size, Share & Trends Analysis Report by Product (Lamps, Luminaires), by Application (Indoor, Outdoor), by End Use (Commercial, Residential, Industrial), by Region, and Segment Forecasts, 2022-2030

  • ID: 4538750
  • Report
  • April 2022
  • Region: Global
  • 140 Pages
  • Grand View Research

FEATURED COMPANIES

  • Cree Lighting
  • Dialight
  • Digital Lumens Inc
  • Hubbell
  • Lsi Industries Inc.
  • Lumigrow
The global LED lighting market size is anticipated to reach USD 132.96 billion by 2030, expanding at a CAGR of 10.5% from 2022 to 2030. Increasing consumer demand for energy-efficient lighting solutions is expected to increase demand for LED lighting products such as A-lamps and T-lamps. LED lighting offers advantages such as less heat emission, more bright light, energy-saving, and low cost which is attracting consumers. These mentioned benefits of LED lighting compared to other lighting solutions and high demand from the construction sector for residential & commercial applications are factors expected to drive market.



In addition, auto manufacturers are focused on introducing vehicles with an unmistakable modern look to attract customers. LED lighting solutions provide players the flexibility to manufacture products with complex shapes, compact sizes with aesthetic design, resulting in high adoption of LED lighting solutions from automotive manufacturers. This high adoption of LEDs from auto manufacturers in headlight, fog light, and interior lighting applications is expected to support the target market growth.

Moreover, rapid advancements in semiconductor technology, coupled with favorable government policies and initiatives to encourage the adoption of LED lighting technology are aspects driving the market growth. Major players approach towards introduction of advanced products with long service life, Wi-Fi enabled, nanosecond switching, and are flicker-free which is expected to support the target market growth. For instance, in August 2021, Signify N.V., a lighting solution provider announced the launch of smart LED downlighter, T-Bulb, T-Beamer, and Batten under Wiz smart bulb brand portfolio. The newly launched products operate on Wi-Fi and are expected to attract new customers to support company growth.

A noticeable increase in construction activities in the industrial sector, coupled with rising demand for energy-efficient lighting solutions is expected to positively impact the target market growth. However, the global outbreak of COVID-19 had slowdown the construction and infrastructure development activities resulting in low demand for LED lighting. Also, low awareness among consumers related to installation costs are factors challenging the market growth.

COVID-19 negatively impacted the industry. With strict lockdown imposed by government at workplaces including manufacturing facilities, resulting in halt at production plants disrupted the supply chain, further stopping the production of lights. However, post-second-quarter 2021 the market started to witness growth as the government took off the imposed regulation.

LED Lighting Market Report Highlights

  • The flourishing hospitality sector globally is resulting in a demand for an advanced lighting solution that would enhance the aesthetic of hotels and resorts and also save energy consumption. This factor contributes to the market growth.
  • The LED luminaires segment dominated the global market with more than 55.7% share in 2021 and is expected to continue its dominance due to increasing demand from the commercial & industrial sectors.
  • The Asia Pacific accounts for a major revenue share of 42.8% in the global market in 2021. This can be attributed to the rapid increase in infrastructure development projects in developing countries, coupled with rising awareness among consumers related to the benefits of LED such as energy-saving, bright light, and low cost.


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Frequently Asked Questions about the Global LED Lighting Market

What is the estimated value of the Global LED Lighting Market?

The Global LED Lighting Market was estimated to be valued at $59.8 Billion in 2022.

What is the growth rate of the Global LED Lighting Market?

The growth rate of the Global LED Lighting Market is 10.5%, with an estimated value of $133.0 Billion by 2030.

What is the forecasted size of the Global LED Lighting Market?

The Global LED Lighting Market is estimated to be worth $133.0 Billion by 2030.

Who are the key companies in the Global LED Lighting Market?

Key companies in the Global LED Lighting Market include Table of Cacuity Brands Lighting Inc., Cree Lighting, Dialight, Digital Lumens Inc, Hubbell, Lsi Industries Inc., Lumigrow, Panasonic Corporation and Signify Holding.

FEATURED COMPANIES

  • Cree Lighting
  • Dialight
  • Digital Lumens Inc
  • Hubbell
  • Lsi Industries Inc.
  • Lumigrow

Chapter 1. Methodology and Scope
1.1. Methodology Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased database
1.2.2. internal database
1.2.3. Secondary sources & third-party perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data analysis models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. LED Lighting Market-Industry Snapshot, 2018-2030
Chapter 3. LED Lighting Market Variables, Trends & Scope
3.1. Market Size and Growth Prospects, 2018-2030
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint/Challenge Analysis
3.3.3. Market Opportunity Analysis
3.4. Penetration & Growth Prospect Mapping (Key Opportunities Prioritized)
3.5. Business Environment Analysis Tools
3.5.1. Industry Analysis-Porter's Five Forces Analysis
3.5.2. PEST Analysis
3.5.3. COVID-19 Impact Analysis
Chapter 4. LED Lighting Market Product Outlook
4.1. LED Lighting Market Share by Product, 2021 & 2030 (USD Billion)
4.2. Lamps
4.2.1. Market estimates and forecasts, 2018-2030 (USD Billion)
4.2.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
4.2.3. A-Lamps
4.2.3.1. Market estimates and forecast, 2018-2030 (USD Billion)
4.2.3.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
4.2.4. T-Lamps
4.2.4.1. Market estimates and forecast, 2018-2030 (USD Billion)
4.2.4.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
4.2.5. Others
4.2.5.1. Market estimates and forecast, 2018-2030 (USD Billion)
4.2.5.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
4.3. Luminaires
4.3.1. Market estimates and forecast, 2018-2030 (USD Billion)
4.3.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
4.3.3. Streetlights
4.3.3.1. Market estimates and forecast, 2018-2030 (USD Billion)
4.3.3.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
4.3.4. Downlights
4.3.4.1. Market estimates and forecast, 2018-2030 (USD Billion)
4.3.4.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
4.3.5. Troffers
4.3.5.1. Market estimates and forecast, 2018-2030 (USD Billion)
4.3.5.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
4.3.6. Others
4.3.6.1. Market estimates and forecast, 2018-2030 (USD Billion)
4.3.6.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
Chapter 5. LED Lighting Market Application Outlook
5.1. LED Lighting Market Share by Application, 2021 & 2030 (USD Billion)
5.2. Indoor
5.2.1. Market estimates and forecast, 2018-2030 (USD Billion)
5.2.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
5.3. Outdoor
5.3.1. Market estimates and forecast, 2018-2030 (USD Billion)
5.3.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
Chapter 6. LED Lighting Market End use Outlook
6.1. LED Lighting Market Share by End use, 2021 & 2030 (USD Billion)
6.2. Commercial
6.2.1. Market estimates and forecasts, 2018-2030 (USD Billion)
6.2.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
6.3. Residential
6.3.1. Market estimates and forecast, 2018-2030 (USD Billion)
6.3.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
6.4. Industrial
6.4.1. Market estimates and forecast, 2018-2030 (USD Billion)
6.4.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
6.5. Others
6.5.1. Market Size Estimates and Forecasts, 2018-2030 (USD Billion)
6.5.2. Market estimates and forecast by region, 2018-2030 (USD Billion)
Chapter 7. LED Lighting Market: Regional Outlook
7.1. LED Lighting Market Share by Region, 2021 & 2030 (USD Billion)
7.2. North America
7.2.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.2.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.2.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.2.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.2.5. U.S.
7.2.5.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.2.5.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.2.5.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.2.5.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.2.6. Canada
7.2.6.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.2.6.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.2.6.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.2.6.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.3. Europe
7.3.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.3.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.3.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.3.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.3.5. U.K.
7.3.5.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.3.5.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.3.5.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.3.5.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.3.6. Germany
7.3.6.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.3.6.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.3.6.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.3.6.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.3.7. France
7.3.7.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.3.7.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.3.7.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.3.7.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.3.8. Rest of Europe
7.3.8.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.3.8.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.3.8.3. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.4.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.4.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.4.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.4.5. China
7.4.5.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.4.5.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.4.5.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.4.5.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.4.6. India
7.4.6.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.4.6.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.4.6.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.4.6.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.4.7. Japan
7.4.7.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.4.7.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.4.7.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.4.7.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.4.8. Rest of Asia Pacific
7.4.8.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.4.8.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.4.8.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.4.8.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.5. Latin America
7.5.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.5.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.5.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.5.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.5.5. Brazil
7.5.5.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.5.5.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.5.5.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.5.5.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.5.6. Mexico
7.5.6.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.5.6.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.5.6.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.5.6.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.5.7. Rest of Latin America
7.5.7.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.5.7.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.5.7.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.5.7.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2018-2030 (USD Billion)
7.6.2. Market estimates and forecast by product, 2018-2030 (USD Billion)
7.6.3. Market estimates and forecast by application, 2018-2030 (USD Billion)
7.6.4. Market estimates and forecast by end use, 2018-2030 (USD Billion)
Chapter 8. Competitive Landscape
8.1. Acuity Brands Lighting Inc.
8.1.1. Company overview
8.1.2. Financial performance
8.1.3. Product benchmarking
8.1.4. Recent developments
8.2. Cree Lighting
8.2.1. Company overview
8.2.2. Financial performance
8.2.3. Product benchmarking
8.2.4. Recent developments
8.3. Dialight
8.3.1. Company overview
8.3.2. Financial performance
8.3.3. Product benchmarking
8.3.4. Recent developments
8.4. Digital Lumens Inc
8.4.1. Company overview
8.4.2. Financial performance
8.4.3. Product benchmarking
8.4.4. Recent developments
8.5. Hubbell
8.5.1. Company overview
8.5.2. Financial performance
8.5.3. Product benchmarking
8.5.4. Recent developments
8.6. LSI Industries Inc.
8.6.1. Company overview
8.6.2. Financial performance
8.6.3. Product benchmarking
8.6.4. Recent developments
8.7. LumiGrow
8.7.1. Company overview
8.7.2. Financial performance
8.7.3. Product benchmarking
8.7.4. Recent developmentsDaiichi J
8.8. Panasonic Corporation
8.8.1. Company overview
8.8.2. Financial performance
8.8.3. Product benchmarking
8.8.4. Recent developments
8.9. Siteco GmbH
8.9.1. Company overview
8.9.2. Financial performance
8.9.3. Product benchmarking
8.9.4. Recent developments
8.10. Signify Holding
8.10.1. Company overview
8.10.2. Financial performance
8.10.3. Product benchmarking
8.10.4. Recent developments
8.11. Semiconductor Co. Ltd.
8.11.1. Company overview
8.11.2. Financial performance
8.11.3. Product benchmarking
8.11.4. Recent developments
8.12. Zumtobel Group Ag
8.12.1. Company overview
8.12.2. Financial performance
8.12.3. Product benchmarking
8.12.4. Recent developments
  • Table of Cacuity Brands Lighting Inc.
  • Cree Lighting
  • Dialight
  • Digital Lumens Inc
  • Hubbell
  • Lsi Industries Inc.
  • Lumigrow
  • Panasonic Corporation
  • Siteco GmbH
  • Signify Holding
  • Semiconductor Co. Ltd.
  • Zumtobel Group Ag

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