Cloud Banner

Semiconductors and Electronics

Image

Global Light-Emitting Diode (LED) Lighting Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Jan 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Light-Emitting Diode (LED) Lighting Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - 13.8% Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 63.15 Billion
Diagram Market Size (Forecast Year) USD 177.63 Billion
Diagram CAGR 13.8%

Global Light-Emitting Diode (LED) Lighting Market, By Product (Lamps, Luminaires), Device Configuration (Pinned, Chip on Board, Surface-mounted, Others),  Technology (Basic, High Brightness, Organic Light-Emitting Diode (OLED), Ultra Violet, Polymer), Distribution Channel (Direct Sales, Wholesale/Retail), Application (Indoor, Outdoor), End-Use (Commercial, Residential, Industrial, Others) – Industry Trends and Forecast to 2030.

Light-Emitting Diode (LED) Lighting Market

Light-Emitting Diode (LED) Lighting Market Analysis and Size

The booming lighting industry contributes to the increasing demand for modifications in the existing lighting products and energy-efficient products by using LED technology. The “luminaires” is expected to be the fastest growing product segment during the forecast period. Luminaries include the lights which are used on streetlights, troffers, high bays, track lights and others. Increasing smart city projects and growing commercial construction activities are resulting in the new installation of track lights and streetlights, which is a primary reason to support the market growth during the forecast period.

Data Bridge Market Research analyses that the light-emitting diode (LED) lighting market is expected to reach USD 177.63 billion by 2030, which is USD 63.15 billion in 2022, registering a CAGR of 13.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Light-Emitting Diode (LED) Lighting Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Lamps, Luminaires), Device Configuration (Pinned, Chip on Board, Surface-mounted, Others),  Technology (Basic, High Brightness, Organic Light-Emitting Diode (OLED), Ultra Violet, Polymer), Distribution Channel (Direct Sales, Wholesale/Retail), Application (Indoor, Outdoor), End-Use (Commercial, Residential, Industrial, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Signify Holding (Netherlands), Digital Lumens, Incorporated (U.S.), OSRAM Gmbh (Germany), General Electric (U.S.), Toshiba Corporation  (Japan), Eaton (Ireland), Koninklijke Philips N.V. (Netherlands), Cree LED (U.S.), EVERLIGHT ELECTRONICS CO. LTD. (Taiwan), Lumigrow (U.S.), Samsung (South Korea), Savant Systems Inc. (U.S.), Syska (U.S.), Sharp Corporation (U.S.), Dialight (U.K.), Zumtobel Group (Austria), Illumitex Inc, (U.S.)

 

Market Opportunities

  • Surging government regulation to promote investments in energy-efficient
  • increasing adoption of LED lights in commercial sectors

Market Definition

LED stands for light-emitting diode. Light-emitting diode (LED) lighting products produce light around 90% more proficiently than other incandescent light bulbs, such as incandescent and fluorescent lights. Approximately 94 percent of the energy in Light-emitting diode is converted into light, and only 5 percent is wasted as heat, leading customers to choose a more effective form of lighting. 

Global Light-Emitting Diode (LED) Lighting Market Dynamics

Drivers

  • Increasing usage of light-emitting diode (LED) technology

The light-emitting diode (LED) lighting is gaining high popularity in the floriculture sector owing to NASA, which continues to conduct experiments for the growth of the plant under light-emitting diode (LED) lighting. These light show huge potential as floriculture lighting fixtures because of less energy consumption, cool operation and the capability to customize spectral output to produce the specific wavelengths. The growing usage of light-emitting diode (LED) technology in the floriculture sector is expected to drive the market's growth rate.

  • Growing construction activities in the commercial sectors

Increasing construction activities and rapid urbanization in the commercial sectors of different nations are anticipated to fuel the demand light-emitting diode (LED) lighting in the market during the forecast period. For instance, Wipro Lighting has announced the establishment of a new business unit combining seating solutions and commercial lighting in June 2022. It proposes to provide more comprehensive solutions to its consumers in the B2B space and provide more value. Such expansions will further drive the growth of the market.

Opportunities

  • Surging government regulation to promote investments in energy-efficient

The government’s support light-emitting diode (LED) lighting market through different regulations that promote investments in the energy-efficient lighting technologies. As a result, it has expanded the applications of light-emitting diode (LED lights across different commercial, industrial, and residential sectors. For instance, The US Government has proposed to increase the efficiency of light bulbs in US In December 2022. The main intention of this proposal is to save energy consumed on lighting and enable consumers to save their money on the electricity bills. Therefore, surging government regulation to promote energy-efficient investments will create lucrative market growth opportunities.

Restraints/ Challenges

  • Multiple Issues associated with light-emitting diode (LED) lighting

There are certain problems that are restraining the growth of light-emitting diode (LED) lighting market. Some of the major factors which are restraining the growth of light-emitting diode (LED) lighting include dearth of awareness regarding installation and high cost of light-emitting diode (LED) lighting across numerous emerging economies. Furthermore, the lack of technology differentiation will become foremost and major challenge for the market growth during the forecast period of 2023 to 2030.

This light-emitting diode (LED) lighting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the light-emitting diode (LED) lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In 2022, SYSKA LED launched the Syska LED Recessed SMD Downlight (Glowslick-SSK-SLP). This is a perfect lighting solution for indoor purposes because it can be used in homes, showrooms, stores, malls and office spaces.
  • In 2022, Signify entered a partnership with Gerard Lighting Group, a electrical lighting product producer. This acquisition intended to strengthen its position in the global lighting markets of New Zealand and Australia, as well as to offer growth opportunities, such as those between Signify's connected lighting solutions and Pierlite's luminaire offerings solutions.
  • In December 2022, ARRI acquired Claypaky. With through this acquisition, ARRI intends to increase its lighting solution supply to the live entertainment and motion picture industry, improving the market presence of ARRI.

Global Light-Emitting Diode (LED) Lighting Market Scope

The light-emitting diode (LED) lighting market is segmented on the basis of product, device configuration, technology, distribution channel, application and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Lamps
  • Luminaires

 Device Configuration

  • Pinned
  • Chip on Board
  • Surface-mounted
  • Others

 Technology

  • Basic
  • High Brightness
  • Organic Light-Emitting Diode (OLED)
  • Ultra Violet
  • Polymer

Distribution Channel

  • Direct Sales
  • Wholesale/Retail

 Application

  • Indoor
  • Outdoor

End-Use

  • Commercial
  • Residential
  • Industrial
  • Others

Light-Emitting Diode (LED) Lighting Market Regional Analysis/Insights

The light-emitting diode (LED) lighting market is analyzed and market size insights and trends are provided by country, product, device configuration, technology, distribution channel, application and end-use as referenced above.

The countries covered in the light-emitting diode (LED) lighting market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the light-emitting diode (LED) lighting market in terms of revenue and market share owing to increasing urbanization and growing development and modernization of infrastructures such as smart cities and economic corridors in this region.

Asia-Pacific will continue to project the highest growth rate during the forecast period of 2023-2030 due to rise in the construction of smart homes in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Light-Emitting Diode (LED) Lighting Market Share Analysis

The light-emitting diode (LED) lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to light-emitting diode (LED) lighting market.

Some of the major players operating in the light-emitting diode (LED) lighting market are:

  • Signify Holding (Netherlands)
  • Digital Lumens, Incorporated (U.S.)
  • OSRAM Gmbh (Germany)
  • General Electric (U.S.)
  • Toshiba Corporation  (Japan)
  • Eaton (Ireland)
  • Koninklijke Philips N.V. (Netherlands)
  • Cree LED (U.S.)
  • EVERLIGHT ELECTRONICS CO. LTD. (Taiwan)
  • Lumigrow (U.S.)
  • Samsung (South Korea)
  • Savant Systems Inc. (U.S.)
  • Syska (U.S.)
  • Sharp Corporation (U.S.)
  • Dialight (U.K.)
  • Zumtobel Group (Austria)
  • Illumitex Inc, (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Light-Emitting Diode (LED) Lighting Market is projected to grow at a CAGR of 13.80% during the forecast period by 2030.
The future market value of the Light-Emitting Diode (LED) Lighting Market is expected to reach USD 177.63 billion by 2030.
The major players in the Light-Emitting Diode (LED) Lighting Market are Signify Holding (Netherlands), Digital Lumens, Incorporated (U.S.), OSRAM Gmbh (Germany), General Electric (U.S.), Toshiba Corporation (Japan), Eaton (Ireland), Koninklijke Philips N.V. (Netherlands), etc.
The countries covered in the Light-Emitting Diode (LED) Lighting Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, etc.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials