Growing demand for cost-effective energy-efficient lightings for indoor application, reducing costs of LED lighting, and availability of smart lightings are key factors driving market revenue growth.
Market Size - USD 5.23 Billion in 2020, Market Growth - CAGR of 12.5%, Market Trends - Rising investments in manufacturing technologically advanced LED lighting such as IoT-lightings, and constantly reducing LED costs.
The global LED indoor lighting market size is expected to reach USD 13.40 Billion in 2028, and register a CAGR of 12.5% during the forecast period. Stringent regulations by government of various countries to stop or limit use of inefficient indoor lighting technologies and initiatives to promote deployment of LEDs are some of the major factors expected to drive revenue growth of the global LED indoor lighting market.
In addition, increasing number of smart city projects in various countries, rapid industrialization and commercialization globally and rising need for energy-efficient, penetration of smart illuminations and IoT lightings are factors expected to create revenue opportunities for major international players operating in the global LED indoor lighting market in the years to come.
Market Size - USD 5.23 Billion in 2020, Market Growth - CAGR of 12.5%, Market Trends - Rising investments in manufacturing technologically advanced LED lighting such as IoT-lightings, and constantly reducing LED costs.
The global LED indoor lighting market size is expected to reach USD 13.40 Billion in 2028, and register a CAGR of 12.5% during the forecast period. Stringent regulations by government of various countries to stop or limit use of inefficient indoor lighting technologies and initiatives to promote deployment of LEDs are some of the major factors expected to drive revenue growth of the global LED indoor lighting market.
In addition, increasing number of smart city projects in various countries, rapid industrialization and commercialization globally and rising need for energy-efficient, penetration of smart illuminations and IoT lightings are factors expected to create revenue opportunities for major international players operating in the global LED indoor lighting market in the years to come.
Some Key Findings From the Report:
- Among the light source segments, the Light Emitting Diodes (LED) segment accounted for the largest revenue share of 41.0% in the global market in 2020. LEDs are more efficient compared to other conventional lighting systems, are reliable and with longer lifespan, which is expected to result in growing demand for LEDs for various indoor and outdoor applications.
- The Asia Pacific market accounted for the largest revenue share in the global LED indoor lighting market in 2020, valued at USD 1.89 Billion, due to presence of various major players in countries such as China and India, and high demand for energy-efficient lights among consumers.
- Europe LED indoor lighting market accounted for the second-largest revenue share in 2020, followed by North America LED indoor lighting market.
- Key players profiled in the report include Digital Lumens, Inc., Acuity Brands Lighting, Inc., Philips Lighting, General Electric Company, OSRAM Licht AG, Honeywell International Inc., Cooper Industries, Inc., Legrand, and Schneider Electric SE. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global LED indoor lighting market is segmented on the basis of light source, application, and region:
Light Source Outlook (Revenue, USD Billion; 2018 - 2028)
- Fluorescent Lamps
- Light Emitting Diodes
- High Intensity Discharge Lamps
Application Outlook (Revenue, USD Billion; 2018 - 2028)
- Residential
- Commercial
- Industrial
- Others
Region Outlook (Revenue, USD Billion; 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the LED Indoor Lighting Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the LED Indoor Lighting Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. LED Indoor Lighting Market Segmentation & Impact Analysis
Chapter 5. LED Indoor Lighting Market By Light Source Insights & Trends
Chapter 6. LED Indoor Lighting Market By Application Insights & Trends
Chapter 7. LED Indoor Lighting Market Regional Outlook
Chapter 8. Competitive Landscape
Chapter 9. Company Profiles
Companies Mentioned
- Digital Lumens Inc. (United States)
- Acuity Brands Lighting Inc. (United States)
- Philips Lighting (Netherlands)
- General Electric Company (United States)
- OSRAM Licht AG (Germany)
- Honeywell International (United States)
- Cooper Industries Inc. (Ireland)
- Legrand (France)
- Schneider Electric SE (France)
