The global LED lighting market attained a value of USD 76.65 Billion in 2024. The LED lighting market expected to grow at a CAGR of 9.10% during the forecast period 2025-2034, reaching a value of USD 183.13 Billion by 2034.
The lack of awareness of new LED lighting solutions facilities and big installation payback periods have resulted in the slow global implementation of LED lighting solutions. This is, however, expected to change in the forecast period.
Market Segmentation
The LED lighting market is segmented based on product, application, and end-use.Based on the product, the LED lighting market is divided as:
- Lamps
- A-LAMPS
- T-LAMP
- Others
- Luminaire
- Street Light
- Downlight
- Troffers
- High Bay
- Track Lights
- Suspended Pendants
- Others
Based on application, the LED lighting market can be segmented as:
- Indoor
- Outdoor
Based on end-use, the LED lighting market can be divided as:
- Residential
- Commercial
- Industrial
- Government
- Highway and Roadway
- Architectural
- Others
Based on region, the LED lighting market can be segmented as:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Market Analysis
The lower operating costs and lower heat losses of LED lighting make them an appropriate substitute for incandescent lights. Technological advancements, shifting from standard to green lighting, improved requirements for energy efficiency, and falling prices have also prompted the growth of the demand for LED lighting.The lack of awareness of new LED lighting solutions facilities and big installation payback periods have resulted in the slow global implementation of LED lighting solutions. This is, however, expected to change in the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global LED lighting market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:- 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
- Others
LED Lighting Market Report Snapshots
LED Lighting Companies
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global LED Lighting Market Analysis
6 North America LED Lighting Market Analysis
7 Europe LED Lighting Market Analysis
8 Asia-Pacific LED Lighting Market Analysis
9 Latin America LED Lighting Market Analysis
10 Middle East and Africa LED Lighting Market Analysis
11 Market Dynamics
12 Competitive Landscape
Companies Mentioned
The key companies featured in this LED Lighting market report 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.
- Panasonic Corporation
- CreeLED, Inc.
- Lumileds Holding B.V.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 169 |
| Published | August 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 76.65 Billion |
| Forecasted Market Value ( USD | $ 183.13 Billion |
| Compound Annual Growth Rate | 9.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
