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 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.)
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Market Opportunities |
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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.)
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