South Korea Indoor LED Lighting Market to 2032
Overview
The South Korea Indoor LED Lighting Market is expected to reach a 1,675.93 USD Million by 2032 and is projected to grow at a CAGR of 19.88% from 2025 to 2032.
Revenue, 2024 (USD Million)
718.97
Forecast, 2032 (USD Million)
1,675.93
CAGR, 2024 - 2032
19.88%
Report Coverage
South Korea
South Korea Indoor LED Lighting Market 2018-2032 USD Million
South Korea Indoor LED Lighting Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 718.97 USD Million
- Projected Market Size (2032): 1,675.93 USD Million
- CAGR (2025-2032): 19.88%
Key Findings of South Korea Indoor LED Lighting Market
- The South Korea Indoor LED Lighting Market was valued at 718.97 USD Million in 2024.
- The South Korea Indoor LED Lighting Market is likely to grow at a CAGR of 19.88% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment New Installation in Installation Type Segment accounted for the largest share of the market with a revenue of 444.79 USD Million
- The fastest growing segment 50 W- 150 W in Wattage Type Segment grew Fastest with a CAGR of 21.33% during the forecast period from 2024 to 2032.
South Korea Indoor LED Lighting Market Scope
South Korea Indoor LED Lighting Market Segmentation & Scope
Offering
- Services
- Software
- Hardware
Application
- Automotive
- Residential
- Commercial
Wattage Type
- More than 150 W
- 50 W- 150 W
- Less Than 50 W
Installation Type
- Retrofit Installation
- New Installation
South Korea Indoor LED Lighting Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2019 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 718.97 USD Million |
| Market Value in 2032 | 1,675.93 USD Million |
| CAGR (2025-2032) | 19.88% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Offering,Application,Wattage Type,Installation Type |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 718.97 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 718.97 USD Million in 2024.
Segments and Scope
-
South Korea Indoor LED Lighting Market to 2032, By Offering
- Hardware is the largest segment in South Korea Indoor LED Lighting Market to 2032 with a revenue of 430.42 USD Million in the year 2024.
- Hardware is the Fastest growing segment in South Korea Indoor LED Lighting Market to 2032 with a Growth rate of 21.11 % in forecast period 2025-2032.
-
South Korea Indoor LED Lighting Market to 2032, By Application
- Commercial is the largest segment in South Korea Indoor LED Lighting Market to 2032 with a revenue of 427.49 USD Million in the year 2024.
- Commercial is the Fastest growing segment in South Korea Indoor LED Lighting Market to 2032 with a Growth rate of 20.89 % in forecast period 2025-2032.
-
South Korea Indoor LED Lighting Market to 2032, By Wattage Type
- Less Than 50 W is the largest segment in South Korea Indoor LED Lighting Market to 2032 with a revenue of 353.19 USD Million in the year 2024.
- 50 W- 150 W is the Fastest growing segment in South Korea Indoor LED Lighting Market to 2032 with a Growth rate of 19.60 % in forecast period 2025-2032.
-
South Korea Indoor LED Lighting Market to 2032, By Installation Type
- New Installation is the largest segment in South Korea Indoor LED Lighting Market to 2032 with a revenue of 444.79 USD Million in the year 2024.
- New Installation is the Fastest growing segment in South Korea Indoor LED Lighting Market to 2032 with a Growth rate of 20.53 % in forecast period 2025-2032.
South Korea Indoor LED Lighting Market Company Share Analysis
| Company Name |
|
||
| Signify Holding | |||
| GENERAL ELECTRIC | |||
| Eaton | |||
| WOLFSPEED, INC. | |||
| OSRAM GmbH | |||
South Korea Indoor LED Lighting Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Indoor LED Lighting Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Indoor LED Lighting Market is segmented based on Segmentation Offering,Application,Wattage Type,Installation Type.
South Korea Indoor LED Lighting Market was valued at USD 718.97(Revenue in USD Million) in 2019.
South Korea Indoor LED Lighting Market is projected to grow at a CAGR of 19.88% during the forecast period of 2024 to 2032.
The New Installation segment is expected to dominate the South Korea Indoor LED Lighting Market, holding a largest market share of 444.79 USD Million in 2024
South Korea Indoor LED Lighting Market Scope
South Korea Indoor LED Lighting Market Segmentation & Scope
Offering
- Services
- Software
- Hardware
Application
- Automotive
- Residential
- Commercial
Wattage Type
- More than 150 W
- 50 W- 150 W
- Less Than 50 W
Installation Type
- Retrofit Installation
- New Installation
Frequently Asked Questions
The South Korea Indoor LED Lighting Market is segmented based on Segmentation Offering,Application,Wattage Type,Installation Type.
South Korea Indoor LED Lighting Market was valued at USD 718.97(Revenue in USD Million) in 2019.
South Korea Indoor LED Lighting Market is projected to grow at a CAGR of 19.88% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Indoor LED Lighting Market for final year is USD 1,675.93 (USD Million).
South Korea Indoor LED Lighting Market Company Profiling
Frequently Asked Questions
The South Korea Indoor LED Lighting Market is segmented based on Segmentation Offering,Application,Wattage Type,Installation Type.
South Korea Indoor LED Lighting Market was valued at USD 718.97(Revenue in USD Million) in 2019.
South Korea Indoor LED Lighting Market is projected to grow at a CAGR of 19.88% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Indoor LED Lighting Market for final year is USD 1,675.93 (USD Million).
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