Product Code: GVR-2-68038-123-8
LED Lighting Market Growth & Trends:
The global LED lighting market size is anticipated to reach USD 134.71 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 7.8% from 2025 to 2030. Demand for LED lighting devices like A-lamps and T-lamps is anticipated to rise in response to rising customer demand for energy-efficient lighting solutions. Clients are attracted to LED lighting due to its benefits like lower heat emission, brighter light, energy savings, and low cost. The advantages of LED lighting over other types of lighting, coupled with the increasing demand from the building industry for both residential and commercial applications, are factors likely to propel the market growth.
Additionally, automakers are concentrating on releasing cars with a distinctly contemporary appearance to draw in buyers. LED lighting solutions give manufacturers the freedom to create goods with intricate designs in small, aesthetically pleasing packages, which has led to a high rate of adoption of LED lighting solutions by the automotive industry. The target market is anticipated to expand as a result of the increased adoption of LEDs by automakers in headlights, fog lights, and interior illumination applications.
The LED lighting industry is anticipated to grow favorably as a result of an obvious increase in industrial construction activities and increased demand for energy-efficient lighting solutions. However, the global COVID-19 pandemic has slowed down infrastructure development and building operations, resulting in low demand for LED lighting. Low consumer understanding of installation costs is another factor impeding the market's expansion.
The market was adversely affected by COVID-19. Severe lockdowns imposed by governments at places of employment, including manufacturing facilities, caused significant disruption in the supply chain and further halted the production of lights. However, after the government removed the enforced regulation in the second quarter of 2021, the LED lighting industry began to flourish.
LED Lighting Market Report Highlights:
- The demand for innovative lighting solutions that would improve the aesthetics of hotels and resorts while also reducing energy usage is being driven by the world's booming hospitality industry.
- Due to rising demand from the commercial and industrial sectors, the LED luminaires category is anticipated to maintain its dominance on the global market, holding more than 55.18% of the revenue share in 2024.
- The offline segment led the market with the largest revenue share of 67.50% in 2024. The rise in construction and renovation activities supports the offline segment.
- In 2024, the Asia Pacific region accounted for a significant revenue share of 39.75%. This can be ascribed to the quick rise in infrastructure-building projects in emerging nations as well as growing consumer knowledge of the advantages of LED, such as their energy efficiency, bright light, and low price.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. LED Lighting Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.4. LED Lighting Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. LED Lighting: Product Estimates & Trend Analysis
- 4.1. LED Lightning Market, By Product Analysis & Market Share, 2024 & 2030
- 4.2. Lamps
- 4.2.1. Lamps market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.1.1. A-Lamps
- 4.2.1.1.1. A-Lamps market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.1.2. T-Lamps
- 4.2.1.2.1. T-Lamps market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.1.3. Others
- 4.2.1.3.1. Other market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3. Luminaires
- 4.3.1. Luminaires market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3.1.1. Streetlights
- 4.3.1.1.1. Streetlights market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3.1.2. Downlights
- 4.3.1.2.1. Downlights market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3.1.3. Troffers
- 4.3.1.3.1. Troffers market estimates and forecasts, 2018 - 2030 (USD Billion))
- 4.3.1.4. Others
- 4.3.1.4.1. Others market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. LED Lighting: Installation Type Estimates & Trend Analysis
- 5.1. LED Lightning Market, By Installation Type Analysis & Market Share, 2024 & 2030
- 5.2. New
- 5.2.1. New market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3. Retrofit
- 5.3.1. Retrofit market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. LED Lighting: Application Estimates & Trend Analysis
- 6.1. LED Lightning Market, By Application Analysis & Market Share, 2024 & 2030
- 6.2. Indoor
- 6.2.1. Indoor market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3. Outdoor
- 6.3.1. Outdoor market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. LED Lighting: Sales Channel Estimates & Trend Analysis
- 7.1. LED Lightning Market, By Sales Channel Analysis & Market Share, 2024 & 2030
- 7.2. Online
- 7.2.1. Online market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3. Offline
- 7.3.1. Offline market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 8. LED Lighting: End Use Estimates & Trend Analysis
- 8.1. LED Lightning Market, By End Use Analysis & Market Share, 2024 & 2030
- 8.2. Commercial
- 8.2.1. Commercial market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.3. Residential
- 8.3.1. Residential market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.4. Industrial
- 8.4.1. Industrial market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.5. Others
- 8.5.1. Others market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 9. LED Lighting Market: Regional Estimates & Trend Analysis
- 9.1. LED Lighting Market Share, By Region, 2024 & 2030, USD Billion
- 9.2. North America
- 9.2.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.2.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.2.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.2.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.2.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.2.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.2.7. U.S.
- 9.2.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.2.7.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.2.7.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.2.7.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.2.7.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.2.7.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.2.8. Canada
- 9.2.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.2.8.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.2.8.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.2.8.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.2.8.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.2.8.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.2.9. Mexico
- 9.2.9.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.2.9.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.2.9.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.2.9.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.2.9.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.2.9.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.3. Europe
- 9.3.1. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.3.2. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.3.3. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.3.4. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.3.5. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.3.6. UK
- 9.3.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.3.6.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.3.6.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.3.6.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.3.6.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.3.6.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.3.7. Germany
- 9.3.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.3.7.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.3.7.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.3.7.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.3.7.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.3.7.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.3.8. France
- 9.3.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.3.8.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.3.8.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.3.8.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.3.8.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.3.8.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.4. Asia Pacific
- 9.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.4.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.4.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.4.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.4.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.4.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.4.7. China
- 9.4.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.4.7.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.4.7.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.4.7.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.4.7.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.4.7.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.4.8. India
- 9.4.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.4.8.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.4.8.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.4.8.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.4.8.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.4.8.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.4.9. Japan
- 9.4.9.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.4.9.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.4.9.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.4.9.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.4.9.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.4.9.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.4.10. Australia
- 9.4.10.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.4.10.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.4.10.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.4.10.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.4.10.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.4.10.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.4.11. South Korea
- 9.4.11.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.4.11.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.4.11.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.4.11.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.4.11.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.4.11.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.5. Latin America
- 9.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.5.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.5.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.5.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.5.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.5.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.5.7. Brazil
- 9.5.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.5.7.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.5.7.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.5.7.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.5.7.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.5.7.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.6. Middle East & Africa
- 9.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.6.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.6.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.6.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.6.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.6.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.6.7. UAE
- 9.6.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.6.7.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.6.7.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.6.7.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.6.7.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.6.7.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.6.8. Saudi Arabia
- 9.6.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.6.8.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.6.8.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.6.8.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.6.8.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.6.8.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
- 9.6.9. South Africa
- 9.6.9.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 9.6.9.2. Market estimates and forecast, by product, 2018 - 2030 (Revenue, USD Billion)
- 9.6.9.3. Market estimates and forecast, by installation type, 2018 - 2030 (Revenue, USD Billion)
- 9.6.9.4. Market estimates and forecast, by application, 2018 - 2030 (Revenue, USD Billion)
- 9.6.9.5. Market estimates and forecast, by sales channel, 2018 - 2030 (Revenue, USD Billion)
- 9.6.9.6. Market estimates and forecast, by end use, 2018 - 2030 (Revenue, USD Billion)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis by Key Market Participants
- 10.2. Company Categorization
- 10.3. Company Market Share Analysis, 2024
- 10.4. Company Heat Map Analysis
- 10.5. Strategy Mapping
- 10.5.1. Expansion
- 10.5.2. Mergers & Acquisition
- 10.5.3. Partnerships & Collaborations
- 10.5.4. New Product Launches
- 10.5.5. Research And Development
- 10.6. Company Profiles
- 10.6.1. Acuity Brands, Inc.
- 10.6.1.1. Participant's Overview
- 10.6.1.2. Financial Performance
- 10.6.1.3. Product Benchmarking
- 10.6.1.4. Recent Developments
- 10.6.2. Cree Lighting USA LLC
- 10.6.2.1. Participant's Overview
- 10.6.2.2. Financial Performance
- 10.6.2.3. Product Benchmarking
- 10.6.2.4. Recent Developments
- 10.6.3. Dialight
- 10.6.3.1. Participant's Overview
- 10.6.3.2. Financial Performance
- 10.6.3.3. Product Benchmarking
- 10.6.3.4. Recent Developments
- 10.6.4. Halonix Technologies Private Limited
- 10.6.4.1. Participant's Overview
- 10.6.4.2. Financial Performance
- 10.6.4.3. Product Benchmarking
- 10.6.4.4. Recent Developments
- 10.6.5. Hubbell
- 10.6.5.1. Participant's Overview
- 10.6.5.2. Financial Performance
- 10.6.5.3. Product Benchmarking
- 10.6.5.4. Recent Developments
- 10.6.6. LSI Industries Inc.
- 10.6.6.1. Participant's Overview
- 10.6.6.2. Financial Performance
- 10.6.6.3. Product Benchmarking
- 10.6.6.4. Recent Developments
- 10.6.7. Nanoleaf
- 10.6.7.1. Participant's Overview
- 10.6.7.2. Financial Performance
- 10.6.7.3. Product Benchmarking
- 10.6.7.4. Recent Developments
- 10.6.8. Panasonic Corporation
- 10.6.8.1. Participant's Overview
- 10.6.8.2. Financial Performance
- 10.6.8.3. Product Benchmarking
- 10.6.8.4. Recent Developments
- 10.6.9. SAVANT TECHNOLOGIES LLC
- 10.6.9.1. Participant's Overview
- 10.6.9.2. Financial Performance
- 10.6.9.3. Product Benchmarking
- 10.6.9.4. Recent Developments
- 10.6.10. Seoul Semiconductor Co., Ltd.
- 10.6.10.1. Participant's Overview
- 10.6.10.2. Financial Performance
- 10.6.10.3. Product Benchmarking
- 10.6.10.4. Recent Developments
- 10.6.11. Signify Holding
- 10.6.11.1. Participant's Overview
- 10.6.11.2. Financial Performance
- 10.6.11.3. Product Benchmarking
- 10.6.11.4. Recent Developments
- 10.6.12. Siteco GmbH
- 10.6.12.1. Participant's Overview
- 10.6.12.2. Financial Performance
- 10.6.12.3. Product Benchmarking
- 10.6.12.4. Recent Developments
- 10.6.13. Syska
- 10.6.13.1. Participant's Overview
- 10.6.13.2. Financial Performance
- 10.6.13.3. Product Benchmarking
- 10.6.13.4. Recent Developments
- 10.6.14. YEELIGHT
- 10.6.14.1. Participant's Overview
- 10.6.14.2. Financial Performance
- 10.6.14.3. Product Benchmarking
- 10.6.14.4. Recent Developments
- 10.6.15. Zumtobel Group AG
- 10.6.15.1. Participant's Overview
- 10.6.15.2. Financial Performance
- 10.6.15.3. Product Benchmarking
- 10.6.15.4. Recent Developments