LED Light Engine - Global Strategic Business Report

Global LED Light Engine Market to Reach $173 Billion by 2030

The global market for LED Light Engine estimated at US$46.8 Billion in the year 2022, is projected to reach a revised size of US$173 Billion by 2030, growing at a CAGR of 17.8% over the analysis period 2022-2030. Luminaires, one of the segments analyzed in the report, is projected to record 18.5% CAGR and reach US$106.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Lamps segment is readjusted to a revised 16.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $12.7 Billion, While China is Forecast to Grow at 23.8% CAGR

The LED Light Engine market in the U.S. is estimated at US$12.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$43.3 Billion by the year 2030 trailing a CAGR of 23.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.8% and 15.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.4% CAGR.

Select Competitors (Total 36 Featured) -

• Ab Fagerhult
• Acuity Brands, Inc.
• Cree, Inc.
• GE Lighting (GE Lighting + Current)
• Gerard Lighting
• Glamox AS
• Halla, A.S.
• Helvar OY AB
• Hubbell Incorporated
• Ideal Industries Inc.
• LEDrabrands, Inc.
• Lumitech LLC
• Lutron Electronics
• OSRAM GmbH
• Samsung Electronics Co., Ltd.
• Signify Holding
• Zumtobel Lighting GmbH

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year