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Global LED Lighting Market Report and Forecast 2022-2027

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    Report

  • 228 Pages
  • November 2021
  • Region: Global
  • Expert Market Research
  • ID: 5511341
According to this latest report, ‘Global LED Lighting Market Report and Forecast 2022-2027’, the global LED lighting market attained a value of about USD 64,382 million in 2021. Aided by the rising environmental consciousness worldwide, the market is projected to further grow at a CAGR of 9.1% between 2022 and 2027 to attain around USD 109,661 million by 2027.



LED or light emitting diodes are semiconductor devices that emit light, when an electric current passes through it, as the light carrying particles combine together. LED lights provide an energy efficient lighting solution compared to incandescent lights, offering 25 times longer durability with use of 75% less energy. Additionally, LED lights emit light in one direction, thus, reducing the requirement of reflectors and diffusers, while also decreasing the heat produced. These lights find increased application in bulbs and fixtures for general lighting purposes and come in a variety of colours and designs.

The LED lighting industry is being driven by the growing environmental awareness worldwide. This can be associated with the rising pollution levels globally and the increased demand for energy efficient solutions. Additionally, the low operating costs and reduced heat losses are also expected to add to the overall popularity of LED lighting solutions. Moreover, the rising investment in the construction industry for the development of green building infrastructure is also anticipated to propel the demand for LED light bulbs in the forecast period. Furthermore, the heightened product availability, improved manufacturing efficiency, and reduced cost are also estimated to aid the industry. In the coming years, the rapid technological advancements are projected to add to the market growth, with the development of safer, durable, and long lasting lighting solutions. These factors are expected to positively impact the global LED lighting industry.

Market Segmentation


The market report analyses the market based on segmentation such as product, application, end use, and major regions.

Market Breakup by Product:

  • Lamps
  • Luminaire
Among these, lamps can be further segmented by type into A-Lamps, T-Lamps, and others. At the same time, the luminaire segment can be further divided by type into downlight, streetlight, high bay, troffers, track lights, suspended pendants, and others.

Market Segmentation by Application:

  • Indoor
  • Outdoor

Market Segregation by End Use:

  • Residential
  • Commercial
  • Industrial
  • Government
  • Highway and Roadway
  • Architectural
  • Others

Market Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape


The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry.

Some of the major players in the market explored in the report are:

  • Lumileds Holding B.V.
  • Panasonic Corporation
  • Acuity Brands, Inc.
  • Koninklijke Philips N.V.
  • Epistar Corporation
  • Everlight Electronics Co., Ltd
  • Nichia Corporation
  • Samsung Electronics Co., Ltd.
  • Seoul Semiconductor Co., Ltd.
  • CreeLED, Inc.
  • OSRAM Licht AG
  • Others
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 $70949 Million in 2022.

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

The growth rate of the Global LED Lighting Market is 9.1%, with an estimated value of $109661 Million by 2027.

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

The Global LED Lighting Market is estimated to be worth $109661 Million by 2027.

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

Key companies in the Global LED Lighting Market include Nichia Corporation, OSRAM Licht AG, Samsung Electronics Co Ltd., Everlight Electronics Co. Ltd., Acuity Brands, Inc., Koninklijke Philips N.V., Epistar Corp., Seoul Semiconductor Co. Ltd. and Lumileds Holding B.V..

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global LED Lighting Market Analysis
8.1 Key Industry Highlights
8.2 Global LED Lighting Historical Market (2017-2021)
8.3 Global LED Lighting Market Forecast (2022-2027)
8.4 Global LED Lighting Market by Product
8.4.1 Lamps
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.1.4 Breakup by Type
8.4.1.4.1 A-Lamps
8.4.1.4.2 T-Lamps
8.4.1.4.3 Others
8.4.2 Luminaire
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.2.4 Breakup by Type
8.4.2.4.1 Downlight
8.4.2.4.2 Street Light
8.4.2.4.3 High Bay
8.4.2.4.4 Troffers
8.4.2.4.5 Track Lights
8.4.2.4.6 Suspended Pendants
8.4.2.4.7 Others
8.5 Global LED Lighting Market by Application
8.5.1 Indoor
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Outdoor
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global LED Lighting Market by End Use
8.6.1 Residential
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Industrial
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Government
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Highway and Roadway
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Architectural
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2017-2021)
8.6.6.3 Forecast Trend (2022-2027)
8.6.7 Others
8.7 Global LED Lighting Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Nichia Corporation
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 OSRAM Licht AG
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Samsung Electronics Co Ltd.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Everlight Electronics Co. Ltd.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Acuity Brands, Inc.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Koninklijke Philips N.V.
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Epistar Corp.
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Seoul Semiconductor Co. Ltd.
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 Seoul Semiconductor Co., Ltd.
11.2.9.1 Company Overview
11.2.9.2 Product Portfolio
11.2.9.3 Demographic Reach and Achievements
11.2.9.4 Certifications
11.2.10 CreeLED, Inc.
11.2.10.1 Company Overview
11.2.10.2 Product Portfolio
11.2.10.3 Demographic Reach and Achievements
11.2.10.4 Certifications
11.2.11 Lumileds Holding B.V.
11.2.11.1 Company Overview
11.2.11.2 Product Portfolio
11.2.11.3 Demographic Reach and Achievements
11.2.11.4 Certifications
11.2.12 Panasonic Corporation
11.2.12.1 Company Overview
11.2.12.2 Product Portfolio
11.2.12.3 Demographic Reach and Achievements
11.2.12.4 Certifications
11.2.13 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global LED Lighting Market: Key Industry Highlights, 2017 and 2027
2. Global LED Lighting Historical Market: Breakup by Product (USD Million), 2017-2021
3. Global LED Lighting Market Forecast: Breakup by Product (USD Million), 2022-2027
4. Global LED Lighting Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global LED Lighting Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global LED Lighting Historical Market: Breakup by End Use (USD Million), 2017-2021
7. Global LED Lighting Market Forecast: Breakup by End Use (USD Million), 2022-2027
8. Global LED Lighting Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global LED Lighting Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America LED Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America LED Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe LED Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe LED Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific LED Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific LED Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America LED Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America LED Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa LED Lighting Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa LED Lighting Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Global LED Lighting Market Structure

Companies Mentioned

  • Nichia Corporation
  • OSRAM Licht AG
  • Samsung Electronics Co Ltd.
  • Everlight Electronics Co. Ltd.
  • Acuity Brands, Inc.
  • Koninklijke Philips N.V.
  • Epistar Corp.
  • Seoul Semiconductor Co. Ltd.
  • CreeLED Inc.
  • Lumileds Holding B.V.
  • Panasonic Corporation

Methodology

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