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市場調査レポート
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1450907

LED照明市場レポート:用途別、地域別2024-2032

LED Lighting Market Report by Application (Retrofit, Retail and Hospitality, Outdoor, Offices, Architectural, Homes, Industrial), and Region 2024-2032

出版日: | 発行: IMARC | ページ情報: 英文 149 Pages | 納期: 2~3営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=156.53円
LED照明市場レポート:用途別、地域別2024-2032
出版日: 2024年03月02日
発行: IMARC
ページ情報: 英文 149 Pages
納期: 2~3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界のLED照明市場規模は、2023年に832億米ドルに達しました。今後、IMARC Groupは、2024-2032年の成長率(CAGR)は8.6%を示し、2032年には1,780億米ドルに達すると予測しています。エネルギー効率に優れ、コスト削減が可能な照明ソリューションに対する需要の高まり、世界中の個人における環境問題への関心の高まり、排出量削減のための政府の積極的な取り組みなどが、市場を推進している主な要因です。

発光ダイオード(LED)照明は、エネルギー効率が高く、長寿命の照明技術です。電流が通ると発光する半導体デバイスです。白熱電球や蛍光灯に比べて二酸化炭素排出量が少なく、エネルギー消費量も少ない、費用対効果の高い照明ソリューションです。また、衝撃や振動、温度変化にも強く、耐久性も向上しています。リフレクターやレンズを追加することなく、正確な照明を可能にする指向性光を生成します。メンテナンスと交換コストを削減しながら、長寿命を実現します。

現在、色の正確な表現を保証する演色性を高めるLED照明の採用が増加しており、市場の成長を後押ししています。さらに、世界中の大衆の間で耐久性があり長持ちする照明ソリューションへの需要が高まっているため、LED照明の採用が増加しており、市場の見通しが明るいです。これとは別に、環境に優しい製品に対する消費者の嗜好の高まりは、業界の投資家に有利な成長機会を提供しています。これに伴い、照明の品質、効率、汎用性を高めるLED照明の技術進歩が市場の成長を後押ししています。このほか、世界中でリフォームや建設活動が増加していることから、LED照明の採用が増加しており、市場の成長を強化しています。

LED照明市場の動向と促進要因:

エネルギー効率とコスト節約に優れた照明ソリューションへの需要増加

世界中の大衆の間で、エネルギー効率が高く費用対効果の高い照明ソリューションに対する需要が高まっています。LEDは電気エネルギーを光に変換する割合が高いため、エネルギーを大幅に節約できます。また、電気料金の削減にも役立つため、LED照明の需要も増加しています。さらに、LED照明システムは、従来の照明オプションと比較して、長期的に大幅な節約が可能です。LED照明は寿命が長いため、電球交換の頻度を減らすことができます。さらに、LED照明のエネルギー効率は、電力消費量を削減し、長期的に光熱費を削減するのに役立ちます。様々な企業が持続可能な環境を維持するためにLED照明ソリューションを採用するケースが増えており、これが市場の成長に寄与しています。

個人における環境への関心の高まり

世界中の大衆の間で環境意識が高まっているため、LED照明の採用が増加しています。人々は環境汚染の軽減を支援する持続可能な照明ソリューションをますます好むようになっています。彼らは、従来の照明オプションに代わる環境に優しい選択肢を求めています。LED照明には、蛍光灯によく含まれる水銀などの有害物質が含まれていないです。さらに、LEDは人の健康にも環境にも安全であり、市場にプラスの影響を与えています。これとは別に、温室効果ガス(GHG)排出量の削減に役立つため、エネルギー効率の高い照明に対する需要が高まっていることも、市場の成長に寄与しています。

政府の積極的な取り組み

各国の政府機関は、環境汚染を抑制するため、エネルギー効率の高い照明ソリューションの採用を奨励しています。世界各地で排出量を削減するための政策と政策が数多く実施されています。また、インセンティブや補助金を提供したり、エネルギー効率基準を義務付けたりしているため、市場の見通しは明るいです。LED照明の採用を促進するため、さまざまな組織がエネルギー効率対策を推進するようになっています。政府当局もエネルギー効率目標の達成とクリーンな環境の推進に注力しています。これとは別に、気候変動や環境の持続可能性に対する関心の高まりから、LED照明の人気が高まっています。

本レポートで扱う主な質問

  • 2023年のLED照明世界市場規模は?
  • 2024-2032年におけるLED照明世界市場の予想成長率は?
  • LED照明の世界市場を牽引する主要因は?
  • COVID-19がLED照明の世界市場に与えた影響は?
  • LED照明の世界市場の用途別区分は?
  • LED照明の世界市場における主要地域は?
  • LED照明世界市場の主要プレイヤー/企業は?

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 世界の照明市場

  • 市場概要
  • 市場実績
    • 数量動向
    • 金額動向
  • 市場内訳:地域別
  • 市場内訳:用途別
  • 市場内訳:技術別
  • 市場予測

第6章 LED照明の世界市場

  • 市場概要
  • 市場実績
    • 数量動向
    • 金額動向
  • COVID-19の影響
  • 価格動向
  • 市場内訳:地域別
  • 市場:製品タイプ別
    • LEDランプとモジュール市場動向
    • LED器具市場動向
    • 市場展望
  • 市場内訳:用途別
  • 市場展望
  • SWOT分析
    • 概要
    • 強み
    • 弱み
    • 機会
    • 脅威
  • バリューチェーン分析
    • 主要原材料サプライヤー
    • LEDチップメーカー
    • LEDパッケージ・モジュールメーカー
    • 照明製品、電子製品、自動車部品メーカー
    • 製品流通
    • エンドユーザー
  • ポーターのファイブフォース分析
    • 概要
    • 買い手の交渉力
    • 供給企業の交渉力
    • 競合の程度
    • 新規参入業者の脅威
    • 代替品の脅威
  • 主な市場促進要因と成功要因
  • LEDメーカーにとっての主要リスク要因
  • LEDと従来の照明技術との比較

第7章 主要地域の業績

  • インド
    • インドの照明市場
      • 市場実績
      • 市場内訳:用途別
      • 市場内訳:技術別
      • 市場予測
    • インドのLED照明市場
      • 市場実績
      • 市場予測
      • 主要企業
  • 中国
    • 中国の照明市場
      • 市場実績
      • 市場内訳:用途別
      • 市場内訳:技術別
      • 市場予測
    • 中国のLED照明市場
      • 市場実績
      • 市場予測
      • 主要企業
  • 欧州
    • 欧州の照明市場
      • 市場実績
      • 市場内訳:用途別
      • 市場内訳:技術別
      • 市場予測
    • 欧州のLED照明市場
      • 市場実績
      • 市場予測
      • 主要企業
  • 米国
    • 米国の照明市場
      • 市場実績
      • 市場内訳:用途別
      • 市場内訳:技術別
      • 市場予測
    • 米国のLED照明市場
      • 市場実績
      • 市場予測
      • 主要企業
  • 日本
    • 日本の照明市場
      • 市場実績
      • 市場内訳:用途別
      • 市場内訳:技術別
      • 市場予測
    • 日本LED照明市場
      • 市場実績
      • 市場展望
      • 主要企業
  • ブラジル
    • ブラジルの照明市場
      • 市場実績
      • 市場内訳:用途別
      • 市場内訳:技術別
      • 市場予測
    • ブラジルのLED照明市場
      • 市場実績
      • 市場予測
      • 主要企業
  • ロシア
    • ロシアの照明市場
      • 市場実績
      • 市場内訳:用途別
      • 市場内訳:技術別
      • 市場展望
    • ロシアのLED照明市場
      • 市場実績
      • 市場予測
      • 主要企業

第8章 市場:用途別

  • レトロフィット
    • 市場動向
    • 市場予測
  • 小売・ホスピタリティ
    • 市場動向
    • 市場予測
  • アウトドア
    • 市場動向
    • 市場予測
  • オフィス
    • 市場動向
    • 市場予測
  • アーキテクチャ
    • 市場動向
    • 市場予測
  • 住宅
    • 市場動向
    • 市場予測
  • 産業
    • 市場動向
    • 市場予測

第9章 競合情勢

  • 市場構造
  • 市場内訳:主要企業別

第10章 LED(SMD)製造プロセス

  • 製品概要
  • 詳細なプロセスフロー
  • 様々な種類の単位操作
  • マスバランスと原材料要件

第11章 プロジェクトの詳細、必要条件、費用

  • 土地要件と費用
  • 建設要件と費用
  • 工場レイアウト
  • 工場機械
  • 機械写真
  • 原材料所要量と支出
  • 原材料と最終製品の写真
  • 包装の要件と支出
  • 輸送の要件と支出
  • ユーティリティの要件と支出
  • 人員要件と支出
  • その他の設備投資

第12章 融資と資金援助

第13章 プロジェクトの経済性

  • プロジェクトの資本コスト
  • 技術経済パラメータ
  • サプライチェーンの各段階における製品価格とマージン
  • 収入予測
  • 支出予測
  • 課税と減価償却
  • 財務分析
  • 利益分析

第14章 主要企業のプロファイル

  • Nichia Corporation
  • Everlight Electronics
  • LG Innotek
  • OSRAM GmbH(ams OSRAM AG)
  • Samsung Electronics
図表

List of Figures

  • Figure 1: Global LED Industry: Major Drivers and Challenges
  • Figure 2: Global: Lighting Market: Sales Volume (in Billion Units), 2018-2023
  • Figure 3: Global: Lighting Market: Sales Value (in Billion US$), 2018-2023
  • Figure 4: Global: Lighting Market: Breakup by Region (in %), 2023
  • Figure 5: Global: Lighting Market: Breakup by Application (in %), 2023
  • Figure 6: Global: Lighting Market: Breakup by Technology (in %), 2023
  • Figure 7: Global: Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 8: Global: Lighting Market Forecast: Sales Volume (in Billion Units), 2024-2032
  • Figure 9: Global: LED Lighting Market: Sales Volume (in Billion Units), 2018-2023
  • Figure 10: Global: LED Lighting Market: Sales Value (in Billion US$), 2018-2023
  • Figure 11: China: LED Lighting Market: Price Trends (in US$/Unit), 2018-2032
  • Figure 12: Global: LED Lighting Market: Breakup by Region (in %), 2023
  • Figure 13: Global: LED Lamps and Modules Market: Sales Volume (in Million Units), 2018-2023
  • Figure 14: Global: LED Fixtures Market: Sales Volume (in Million Units), 2018-2023
  • Figure 15: Global: LED Lamps and Modules Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 16: Global: LED Fixtures Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 17: Global: LED Lighting Market: Breakup by Application (in %), 2023
  • Figure 18: Global: LED Lighting Market Forecast: Sales Volume (in Billion Units), 2024-2032
  • Figure 19: Global: LED Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 20: Global: LED Lighting Industry: SWOT Analysis
  • Figure 21: Global: LED Lighting Industry: Value Chain Analysis
  • Figure 22: Global: LED Lighting Industry: Porter's Five Forces Analysis
  • Figure 23: India: Lighting Market: Sales Value (in Billion US$), 2018-2023
  • Figure 24: India: Lighting Market: Breakup by Application (in %), 2023
  • Figure 25: India: Lighting Market: Breakup by Technology (in %), 2023
  • Figure 26: India: Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 27: India: LED Lighting Market: Sales Value (in Million US$), 2018-2023
  • Figure 28: India: LED Lighting Market: Sales Volume (in Million Units), 2018-2023
  • Figure 29: India: LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: India: LED Lighting Market Forecast: Sales Volume (in Million Units), 2024-2032
  • Figure 31: India: LED Market: Key Players Market Share (in %), 2023
  • Figure 32: China: Lighting Market: Sales Value (in Billion US$), 2018-2023
  • Figure 33: China: Lighting Market: Breakup by Application (in %), 2023
  • Figure 34: China: Lighting Market: Breakup by Technology (in %), 2023
  • Figure 35: China: Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 36: China: LED Lighting Market: Sales Value (in Billion US$), 2018-2023
  • Figure 37: China: LED Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 38: China: LED Lighting Market: Key Players Market Share (in %), 2023
  • Figure 39: Europe: Lighting Market: Sales Value (in Billion US$), 2018-2023
  • Figure 40: Europe: Lighting Market: Breakup by Application (in %), 2023
  • Figure 41: Europe: Lighting Market: Breakup by Technology (in %), 2023
  • Figure 42: Europe: Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 43: Europe: LED Lighting Market: Sales Value (in Billion US$), 2018-2023
  • Figure 44: Europe: LED Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 45: Europe: LED Lighting Market: Key Players Market Share (in %), 2023
  • Figure 46: United States: Lighting Market: Sales Value (in Billion US$), 2018-2023
  • Figure 47: United States: Lighting Market: Breakup by Application (in %), 2023
  • Figure 48: United States: Lighting Market: Breakup by Technology (in %), 2023
  • Figure 49: United States: Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 50: United States: LED Lighting Market: Sales Value (in Billion US$), 2018-2023
  • Figure 51: United States: LED Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 52: United States: LED Lighting Market: Key Players Market Share (in %), 2023
  • Figure 53: Japan: Lighting Market: Sales Value (in Billion US$), 2018-2023
  • Figure 54: Japan: Lighting Market: Breakup by Application (in %), 2023
  • Figure 55: Japan: Lighting Market: Breakup by Technology (in %), 2023
  • Figure 56: Japan: Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 57: Japan: LED Lighting Market: Sales Value (in Billion US$), 2018-2023
  • Figure 58: Japan: LED Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 59: Japan: LED Lighting Market: Key Players Market Share (in %), 2023
  • Figure 60: Brazil: Lighting Market: Sales Value (in Billion US$), 2018-2023
  • Figure 61: Brazil: Lighting Market: Breakup by Application (in %), 2023
  • Figure 62: Brazil: Lighting Market: Breakup by Technology (in %), 2023
  • Figure 63: Brazil: Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 64: Brazil: LED Lighting Market: Sales Value (in Million US$), 2018-2023
  • Figure 65: Brazil: LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: Brazil: LED Lighting Market: Key Players Market Share (in %), 2023
  • Figure 67: Russia: Lighting Market: Sales Value (in Billion US$), 2018-2023
  • Figure 68: Russia: Lighting Market: Breakup by Application (in %), 2023
  • Figure 69: Russia: Lighting Market: Breakup by Technology (in %), 2023
  • Figure 70: Russia: Lighting Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 71: Russia: LED Lighting Market: Sales Value (in Million US$), 2018-2023
  • Figure 72: Russia: LED Lighting Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 73: Russia: LED Lighting Market: Key Players Market Share (in %), 2023
  • Figure 74: Global: LED Lighting Market: Retrofit (in Million US$), 2018 & 2023
  • Figure 75: Global: LED Lighting Market Forecast: Retrofit (in Million US$), 2024-2032
  • Figure 76: Global: LED Lighting Market: Retail and Hospitality (in Million US$), 2018 & 2023
  • Figure 77: Global: LED Lighting Market Forecast: Retail and Hospitality (in Million US$), 2024-2032
  • Figure 78: Global: LED Lighting Market: Outdoor (in Million US$), 2018 & 2023
  • Figure 79: Global: LED Lighting Market Forecast: Outdoor (in Million US$), 2024-2032
  • Figure 80: Global: LED Lighting Market: Offices (in Million US$), 2018 & 2023
  • Figure 81: Global: LED Lighting Market Forecast: Offices (in Million US$), 2024-2032
  • Figure 82: Global: LED Lighting Market: Architectural (in Million US$), 2018 & 2023
  • Figure 83: Global: LED Lighting Market Forecast: Architectural (in Million US$), 2024-2032
  • Figure 84: Global: LED Lighting Market: Homes (in Million US$), 2018 & 2023
  • Figure 85: Global: LED Lighting Market Forecast: Homes (in Million US$), 2024-2032
  • Figure 86: Global: LED Lighting Market: Industrial (in Million US$), 2018 & 2023
  • Figure 87: Global: LED Lighting Market Forecast: Industrial (in Million US$), 2024-2032
  • Figure 88: Global: LED Market: Breakup of Key Players (in %), 2023
  • Figure 89: SMD LED Manufacturing Plant: Detailed Process Flow
  • Figure 90: SMD LED Manufacturing Plant: Various Unit Operations Involved
  • Figure 91: SMD LED Manufacturing Process: Conversion Rate of Products
  • Figure 92: SMD LED Manufacturing Plant: Raw Material Requirements (in grams or units /Day)
  • Figure 93: SMD LED Manufacturing Plant: Proposed Plant Layout
  • Figure 94: SMD LED Manufacturing Plant: Breakup of Capital Costs (in %)
  • Figure 95: SMD LED Industry: Margins Across Various Stages of the Supply Chain
  • Figure 96: SMD LED Production: Manufacturing Cost Breakup (in %)

List of Tables

  • Table 1: Global: Lighting Industry Overview
  • Table 2: Global: LED Lighting Market Overview
  • Table 3: Comparison of LED's with Incandescent Bulb and Compact Fluorescent Lamps (Based on Energy Efficiency and Environmental Impact)
  • Table 4: Comparison of LED's with Incandescent Bulb and Compact Fluorescent Lamps (Based on Luminous Flux)
  • Table 5: Global: LED Lighting Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 6: Global: LED Lighting Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 7: Global: LED Lighting Market: Competitive Structure
  • Table 8: SMD LED: Various Types and Their Dimensions
  • Table 9: SMD LED Manufacturing Plant: Costs Related to Land and Site Development (in US$)
  • Table 10: SMD LED Manufacturing Plant: Costs Related to Civil Works (in US$)
  • Table 11: SMD LED Manufacturing Plant: Machinery Costs (in US$)
  • Table 12: SMD LED Manufacturing Plant: Raw Material Requirements (in g/Day) and Expenditures (US$/Unit)
  • Table 13: SMD LED Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
  • Table 14: SMD LED Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
  • Table 15: Details of Financial Assistance Offered by Financial Institutions
  • Table 16: SMD LED Manufacturing Plant: Capital Costs (in US$)
  • Table 17: SMD LED Manufacturing Plant: Techno-Economic Parameters
  • Table 18: SMD LED Manufacturing Plant: Income Projections (in US$)
  • Table 19: SMD LED Manufacturing Plant: Expenditure Projections (in US$)
  • Table 20: SMD LED Manufacturing Plant: Taxation (in US$)
  • Table 21: SMD LED Manufacturing Plant: Depreciation (in US$)
  • Table 22: SMD LED Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
  • Table 23: SMD LED Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
  • Table 24: SMD LED Manufacturing Plant: Profit and Loss Account (in US$)
目次
Product Code: SR112024A540

The global LED lighting market size reached US$ 83.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 178.0 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032. The growing demand for energy-efficient and cost-saving lighting solutions, rising environmental concerns among individuals across the globe, and favorable government initiatives to reduce emissions are some of the major factors propelling the market.

Light emitting diode (LED) lighting is a highly energy-efficient and long-lasting lighting technology. It is a semiconductor device that emits light when an electric current passes through it. It is a cost-effective lighting solution that has lower carbon emissions and consumes less energy as compared to incandescent and fluorescent bulbs. It is also resistant to shock, vibration, and temperature fluctuations and provides improved durability. It produces directional light that allows for precise illumination without the need for additional reflectors or lenses. It assists in offering a long lifespan while reducing maintenance and replacement costs.

At present, the increasing adoption of LED lighting, as it offers enhanced color rendering that ensures accurate representation of colors, is impelling the growth of the market. Additionally, the growing employment of LED lighting due to the increasing demand for durable and long-lasting lighting solutions among the masses across the globe is offering a positive market outlook. Apart from this, the rising consumer preference for environmentally friendly products is offering lucrative growth opportunities to industry investors. In line with this, technological advancements in LED lighting to provide enhanced lighting quality, efficiency, and versatility are bolstering the growth of the market. Besides this, the rising employment of LED lighting on account of the increasing number of renovation and construction activities around the world is strengthening the growth of the market.

LED Lighting Market Trends/Drivers:

Rising demand for energy-efficient and cost-saving lighting solutions

There is a rise in the demand for energy-efficient and cost-effective lighting solutions among the masses around the world. LEDs convert a higher percentage of electrical energy into light, which saves a significant amount of energy. There is also an increase in the demand for LED lighting, as it assists in reducing electricity bills. In addition, LED lighting systems offer substantial long-term savings as compared to traditional lighting options. LED lighting has a longer lifespan that reduces the frequency of bulb replacements. Moreover, the energy efficiency of LED lighting aids in reducing electricity consumption and lowering utility bills over time. Various businesses are increasingly adopting LED lighting solutions to maintain a sustainable environment, which is contributing to the growth of the market.

Increasing environmental concerns among individuals

There is a rise in the adoption of LED lighting due to the increasing environmental awareness among the masses around the world. People are increasingly preferring sustainable lighting solutions that assist in reducing pollution in the environment. They are seeking eco-friendly alternatives to traditional lighting options. LED lighting does not contain hazardous substances, such as mercury, which is commonly found in fluorescent bulbs. In addition, LED is safer for both human health and the environment, which is positively influencing the market. Apart from this, the rising demand for energy-efficiency lighting, as it aids in lowering greenhouse gas (GHG) emissions is contributing to the growth of the market.

Favorable government initiatives

Governing agencies of various countries are encouraging the adoption of energy-efficient lighting solutions to curb pollution in the environment. They are implementing numerous policies and regulations to reduce emissions across the globe. In addition, they are also offering several incentives and subsidies and mandating energy efficiency standards, which is providing a positive market outlook. Various organizations are increasingly promoting energy efficiency measures to encourage the adoption of LED lighting. Governing authorities are also focusing on meeting energy efficiency targets and promoting a cleaner environment. Apart from this, LED lighting is gaining popularity due to the increasing concerns about climate change and environmental sustainability.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global LED lighting market report, along with forecasts at the global and regional levels from 2024-2032. Our report has categorized the market based on application.

Breakup by Application:

Retrofit

Retail and Hospitality

Outdoor

Offices

Architectural

Homes

Industrial

Retrofit represents the largest market segment

The report has provided a detailed breakup and analysis of the market based on the application. This includes retrofit, retail and hospitality, outdoor, offices, architectural, homes, and industrial. According to the report, retrofit represented the largest segment.

Retrofit application refers to the replacement of existing lighting fixtures with LED lighting solutions. It comprises residential, commercial, and industrial retrofit projects wherein traditional lighting technologies, such as incandescent, fluorescent, and halogen bulbs, are replaced with energy-efficient LED alternatives. In addition, retrofitting offers a cost-effective way to upgrade lighting systems without changing the entire infrastructure.

There is a rise in the employment of LED lighting in retail and hospitality applications, such as supermarkets, shopping malls, stores, hotels, and restaurants, to enhance product visibility, improve color rendering, and create appealing lighting environments for showcasing merchandise is propelling the market growth. Moreover, LED lighting is widely adopted in entertainment venues to highlight architectural features and enhance guest experiences.

The outdoor lighting segment comprises a wide range of applications, such as street lighting, parking lots, stadiums, and public spaces. In line with this, LED streetlights are increasingly replacing traditional high-pressure sodium or mercury vapor lamps in urban and rural areas due to their energy-saving potential and improved lighting quality. Additionally, the rising utilization of LED lighting outdoors for providing enhanced aesthetics, safety, and efficiency is bolstering the market growth.

Offices require adequate lighting for optimal productivity, comfort, and the well-being of employees. LED lighting offers an enhanced light distribution, reduced glare, and creates a more pleasant and conducive work environment. LED lighting systems can be easily integrated with smart controls and lighting management systems that allow precise control of lighting levels and scheduling and dimming options.

Breakup by Region:

India

China

Europe

Japan

Brazil

Russia

United States

China exhibits a clear dominance, accounting for the largest LED lighting market share

The report has also provided a comprehensive analysis of all the major regional markets, which include India, China, Europe, United States, Japan, Brazil, and Russia. According to the report, China accounted for the largest market share.

China held the biggest market share, as it is the manufacturing powerhouse for the LED lighting industry. In addition, rising technological advancements in LED lighting for improved efficiency are propelling the growth of the market. Apart from this, governing agencies in the country is rapidly promoting the adoption of LED lighting by offering various incentives and subsidies, which is supporting the growth of the market. Additionally, the growing demand for LED lighting in residential areas is positively influencing the market in China.

The United States is estimated to expand further in this domain, owing to the increasing number of infrastructure projects. In line with this, the rising awareness about energy conservation among individuals in the country is bolstering the growth of the market. Furthermore, the increasing demand for LED lighting due to favorable government initiatives is contributing to the growth of the market.

Competitive Landscape:

Key players are focusing on improving energy efficiency, lifespan, brightness, color accuracy, and functionality of LED lighting solutions. They are also offering a wide range of LED lighting in different shapes, sizes, color temperatures, and smart lighting features to cater to the diverse needs of customers. Apart from this, major manufacturers are developing specialized lighting solutions, such as retrofitting LED bulbs, downlights, spotlights, linear fixtures, high-bay lights, and streetlights, for residential, commercial, industrial, and outdoor environments. In line with this, many companies are participating in energy efficiency certification programs and adhering to industry standards to showcase eco-friendly and energy-efficient products. Furthermore, they are optimizing manufacturing processes and supply chain management to reduce the production costs of LEDs.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Nichia Corporation

Everlight Electronics

LG Innotek

OSRAM GmbH (ams OSRAM AG)

Samsung Electronics

Recent Developments:

In November 2018, Samsung Electronics Co., Ltd. announced new horticulture LED lineups, such as full-spectrum packages and modules and color (monochromatic) LEDs that reduce lighting costs and enhance plant cultivation.

In December 2021, Signify announced the agreement with OSRAM to acquire Austin, which will strengthen the global agriculture lighting growth platform and extend their position in the attractive North American horticultural lighting market.

In January 2023, Nichia Corporation and Infineon Technologies AG announced the launch of the industry's first fully integrated micro-LED (hereinafter µPLS light engine) light engine for high-definition (HD) adaptive driving beam applications.

Key Questions Answered in This Report

  • 1. What was the size of the global LED lighting market in 2023?
  • 2. What is the expected growth rate of the global LED lighting market during 2024-2032?
  • 3. What are the key factors driving the global LED lighting market?
  • 4. What has been the impact of COVID-19 on the global LED lighting market?
  • 5. What is the breakup of the global LED lighting market based on the application?
  • 6. What are the key regions in the global LED lighting market?
  • 7. Who are the key players/companies in the global LED lighting market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Lighting Market

  • 5.1 Market Overview
  • 5.2 Market Performance
    • 5.2.1 Volume Trends
    • 5.2.2 Value Trends
  • 5.3 Market Breakup by Region
  • 5.4 Market Breakup by Application
  • 5.5 Market Breakup by Technology
  • 5.6 Market Forecast

6 Global LED Lighting Market

  • 6.1 Market Overview
  • 6.2 Market Performance
    • 6.2.1 Volume Trends
    • 6.2.2 Value Trends
  • 6.3 Impact of COVID-19
  • 6.4 Price Trends
  • 6.5 Market Breakup by Region
  • 6.6 Market by Product Type
    • 6.6.1 LED Lamps and Modules: Market Trends
    • 6.6.2 LED Fixtures: Market Trends
    • 6.6.3 Market Forecast
  • 6.7 Market Breakup by Application
  • 6.8 Market Forecast
  • 6.9 SWOT Analysis
    • 6.9.1 Overview
    • 6.9.2 Strengths
    • 6.9.3 Weaknesses
    • 6.9.4 Opportunities
    • 6.9.5 Threats
  • 6.10 Value Chain Analysis
    • 6.10.1 Primary Raw Materials Suppliers
    • 6.10.2 LED Chip Manufacturers
    • 6.10.3 LED Package and Module Manufacturers
    • 6.10.4 Lighting Products, Electronic Products and Automotive Part Manufacturers
    • 6.10.5 Product Distribution
    • 6.10.6 End Users
  • 6.11 Porter's Five Forces Analysis
    • 6.11.1 Overview
    • 6.11.2 Bargaining Power of Buyers
    • 6.11.3 Bargaining Power of Suppliers
    • 6.11.4 Degree of Competition
    • 6.11.5 Threat of New Entrants
    • 6.11.6 Threat of Substitutes
  • 6.12 Key Market Drivers and Success Factors
  • 6.13 Key Risk Factors for LED Manufacturers
  • 6.14 Comparison of LED's with Conventional Lighting Technologies

7 Performance of Key Regions

  • 7.1 India
    • 7.1.1 India Lighting Market
      • 7.1.1.1 Market Performance
      • 7.1.1.2 Market Breakup by Application
      • 7.1.1.3 Market Breakup by Technology
      • 7.1.1.4 Market Forecast
    • 7.1.2 India LED Lighting Market
      • 7.1.2.1 Market Performance
      • 7.1.2.2 Market Forecast
      • 7.1.2.3 Key Players
  • 7.2 China
    • 7.2.1 China Lighting Market
      • 7.2.1.1 Market Performance
      • 7.2.1.2 Market Breakup by Application
      • 7.2.1.3 Market Breakup by Technology
      • 7.2.1.4 Market Forecast
    • 7.2.2 China LED Lighting Market
      • 7.2.2.1 Market Performance
      • 7.2.2.2 Market Forecast
      • 7.2.2.3 Key Players
  • 7.3 Europe
    • 7.3.1 Europe Lighting Market
      • 7.3.1.1 Market Performance
      • 7.3.1.2 Market Breakup by Application
      • 7.3.1.3 Market Breakup by Technology
      • 7.3.1.4 Market Forecast
    • 7.3.2 Europe LED Lighting Market
      • 7.3.2.1 Market Performance
      • 7.3.2.2 Market Forecast
      • 7.3.2.3 Key Players
  • 7.4 United States
    • 7.4.1 United States Lighting Market
      • 7.4.1.1 Market Performance
      • 7.4.1.2 Market Breakup by Application
      • 7.4.1.3 Market Breakup by Technology
      • 7.4.1.4 Market Forecast
    • 7.4.2 United States LED Lighting Market
      • 7.4.2.1 Market Performance
      • 7.4.2.2 Market Forecast
      • 7.4.2.3 Key Players
  • 7.5 Japan
    • 7.5.1 Japan Lighting Market
      • 7.5.1.1 Market Performance
      • 7.5.1.2 Market Breakup by Application
      • 7.5.1.3 Market Breakup by Technology
      • 7.5.1.4 Market Forecast
    • 7.5.2 Japan LED Lighting Market
      • 7.5.2.1 Market Performance
      • 7.5.2.2 Market Forecast
      • 7.5.2.3 Key Players
  • 7.6 Brazil
    • 7.6.1 Brazil Lighting Market
      • 7.6.1.1 Market Performance
      • 7.6.1.2 Market Breakup by Application
      • 7.6.1.3 Market Breakup by Technology
      • 7.6.1.4 Market Forecast
    • 7.6.2 Brazil LED Lighting Market
      • 7.6.2.1 Market Performance
      • 7.6.2.2 Market Forecast
      • 7.6.2.3 Key Players
  • 7.7 Russia
    • 7.7.1 Russia Lighting Market
      • 7.7.1.1 Market Performance
      • 7.7.1.2 Market Breakup by Application
      • 7.7.1.3 Market Breakup by Technology
      • 7.7.1.4 Market Forecast
    • 7.7.2 Russia LED Lighting Market
      • 7.7.2.1 Market Performance
      • 7.7.2.2 Market Forecast
      • 7.7.2.3 Key Players

8 Market by Application

  • 8.1 Retrofit
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Retail and Hospitality
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Outdoor
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Offices
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Architectural
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Homes
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast
  • 8.7 Industrial
    • 8.7.1 Market Trends
    • 8.7.2 Market Forecast

9 Competitive Landscape

  • 9.1 Market Structure
  • 9.2 Market Breakup by Key Players

10 LED (SMD) Manufacturing Process

  • 10.1 Product Overview
  • 10.2 Detailed Process Flow
  • 10.3 Various Types of Unit Operations Involved
  • 10.4 Mass Balance and Raw Material Requirements

11 Project Details, Requirements and Costs Involved

  • 11.1 Land Requirements and Expenditures
  • 11.2 Construction Requirements and Expenditures
  • 11.3 Plant Layout
  • 11.4 Plant Machinery
  • 11.5 Machinery Pictures
  • 11.6 Raw Material Requirements and Expenditures
  • 11.7 Raw Material and Final Product Pictures
  • 11.8 Packaging Requirements and Expenditures
  • 11.9 Transportation Requirements and Expenditures
  • 11.10 Utility Requirements and Expenditures
  • 11.11 Manpower Requirements and Expenditures
  • 11.12 Other Capital Investments

12 Loans and Financial Assistance

13 Project Economics

  • 13.1 Capital Cost of the Project
  • 13.2 Techno-Economic Parameters
  • 13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
  • 13.4 Income Projections
  • 13.5 Expenditure Projections
  • 13.6 Taxation and Depreciation
  • 13.7 Financial Analysis
  • 13.8 Profit Analysis

14 Key Player Profiles

  • 14.1 Nichia Corporation
  • 14.2 Everlight Electronics
  • 14.3 LG Innotek
  • 14.4 OSRAM GmbH (ams OSRAM AG)
  • 14.5 Samsung Electronics