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Global LED Lighting Market Size Study, by Product (Lamps, Luminaires), by Application (Indoor, Outdoor), by Installation Type (New LED, Retrofit LED), by Sales Channel (Online, Offline), by End-use (Commercial, Residential, Industrial, Others), and Region

Publisher Bizwit Research & Consulting
Published Jan 11, 2025
Length 285 Pages
SKU # BIZW19502849

Description

Global LED Lighting Market Size Study, by Product (Lamps, Luminaires), by Application (Indoor, Outdoor), by Installation Type (New LED, Retrofit LED), by Sales Channel (Online, Offline), by End-use (Commercial, Residential, Industrial, Others), and Regional Forecasts 2022-2032


The Global LED Lighting Market is valued at USD 72.72 billion in 2023 and is anticipated to grow at a remarkable CAGR of 8.5% during the forecast period, reaching USD 151.54 billion by 2032. This growth is driven by the rising adoption of energy-efficient lighting systems, government regulations promoting LED use, and advancements in smart lighting technologies.

LED lighting has become the preferred choice across residential, commercial, and industrial applications, owing to its superior energy efficiency, longer lifespan, and adaptability for smart home integration. Features such as IoT connectivity, occupancy sensors, and daylighting compatibility have further expanded its adoption globally. The market also benefits from increasing urbanization and government initiatives supporting infrastructure development and energy conservation.

Asia Pacific accounted for the largest market share in 2023, driven by significant construction activities and energy-saving initiatives in countries like China, India, and Japan. Meanwhile, North America and Europe continue to adopt LED lighting in retrofitting projects and urban infrastructure upgrades, further boosting market growth.

Notable innovations include Zumtobel Group’s advanced LED luminaires and Signify Holding’s IoT-based lighting solutions, which are shaping the future of smart lighting. Market players are also focusing on mergers and acquisitions, as seen in Advanced Lighting Technologies, LLC's acquisition of Cree Lighting Inc., to strengthen their competitive position and product offerings.

Major market players included in this report are:
• Acuity Brands, Inc.
• Cree Lighting USA LLC
• Dialight
• Halonix Technologies Private Limited
• Hubbell
• LSI Industries Inc.
• Nanoleaf
• Panasonic Corporation
• SAVANT TECHNOLOGIES LLC
• Seoul Semiconductor Co., Ltd.
• Signify Holding
• Siteco GmbH
• Syska
• YEELIGHT
• Zumtobel Group AG

The detailed segments and sub-segments of the market are explained below:

By Product
• Lamps
A-Lamps
T-Lamps
Others
• Luminaires
Streetlights
Downlights
Troffers
Others

By Application
• Indoor
• Outdoor

By Installation Type
• New LED
• Retrofit LED

By Sales Channel
• Online
• Offline

By End-use
• Commercial
• Residential
• Industrial
• Others

By Region:
• North America: U.S., Canada
• Europe: U.K., Germany, France, Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific
• Latin America: Brazil, Mexico, Rest of Latin America
• Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA

Years Considered for the Study
• Historical Years: 2022
• Base Year: 2023
• Forecast Period: 2024 - 2032

Key Takeaways
• Market Estimates & Forecast for 10 years from 2022 to 2032
• Annualized revenues and regional-level analysis for each market segment
• Competitive landscape featuring major players and their strategies
• Demand and supply-side analysis of the market

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Table of Contents

285 Pages
Chapter 1. Global LED Lighting Market Executive Summary
1.1. Global LED Lighting Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Product
1.3.2. By Application
1.3.3. By Installation Type
1.3.4. By Sales Channel
1.3.5. By End-use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global LED Lighting Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global LED Lighting Market Dynamics
3.1. Market Drivers
3.1.1. Government initiatives promoting energy-efficient lighting
3.1.2. Adoption of IoT-based smart lighting systems
3.1.3. Cost-effectiveness and long lifespan of LEDs
3.2. Market Challenges
3.2.1. High initial cost of LED lighting systems
3.2.2. Competition from alternative lighting technologies
3.3. Market Opportunities
3.3.1. Growth of smart city and urban infrastructure projects
3.3.2. Increasing demand for lighting in healthcare and automotive sectors
Chapter 4. Global LED Lighting Market Industry Analysis
4.1. Porter’s Five Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s Five Force Model
4.1.7. Porter’s Five Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global LED Lighting Market Size & Forecast by Product (2022-2032)
5.1. Segment Dashboard
5.2. Global LED Lighting Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1. Lamps
5.2.1.1 A-Lamps
5.2.1.2 T-Lamps
5.2.1.3 Others
5.2.2. Luminaires
5.2.2.1 Streetlights
5.2.2.2 Downlights
5.2.2.3 Troffers
5.2.2.4 Others
Chapter 6. Global LED Lighting Market Size & Forecast by Application (2022-2032)
6.1. Segment Dashboard
6.2. Global LED Lighting Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. Indoor
6.2.2. Outdoor
Chapter 7. Global LED Lighting Market Size & Forecast by Installation Type (2022-2032)
7.1. Segment Dashboard
7.2. Global LED Lighting Market: Installation Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
7.2.1. New LED
7.2.2. Retrofit LED
Chapter 8. Global LED Lighting Market Size & Forecast by Sales Channel (2022-2032)
8.1. Segment Dashboard
8.2. Global LED Lighting Market: Sales Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
8.2.1. Online
8.2.2. Offline
Chapter 9. Global LED Lighting Market Size & Forecast by End-use (2022-2032)
9.1. Segment Dashboard
9.2. Global LED Lighting Market: End-use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
9.2.1. Commercial
9.2.2. Residential
9.2.3. Industrial
9.2.4. Others
Chapter 10. Global LED Lighting Market Size & Forecast by Region (2022-2032)
10.1. North America LED Lighting Market
10.1.1. U.S. LED Lighting Market
10.1.2. Canada LED Lighting Market
10.2. Europe LED Lighting Market
10.2.1. U.K. LED Lighting Market
10.2.2. Germany LED Lighting Market
10.2.3. France LED Lighting Market
10.2.4. Rest of Europe LED Lighting Market
10.3. Asia Pacific LED Lighting Market
10.3.1. China LED Lighting Market
10.3.2. India LED Lighting Market
10.3.3. Japan LED Lighting Market
10.3.4. Australia LED Lighting Market
10.3.5. South Korea LED Lighting Market
10.3.6. Rest of Asia Pacific LED Lighting Market
10.4. Latin America LED Lighting Market
10.4.1. Brazil LED Lighting Market
10.4.2. Mexico LED Lighting Market
10.4.3. Rest of Latin America LED Lighting Market
10.5. Middle East & Africa LED Lighting Market
10.5.1. UAE LED Lighting Market
10.5.2. Saudi Arabia LED Lighting Market
10.5.3. South Africa LED Lighting Market
10.5.4. Rest of MEA LED Lighting Market
Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Acuity Brands, Inc.
11.1.2. Signify Holding
11.1.3. Cree Lighting USA LLC
11.1.4. Seoul Semiconductor Co., Ltd.
11.2. Top Market Strategies
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
List of Tables
TABLE 1. Global LED Lighting Market Scope
TABLE 2. Global LED Lighting Market Estimates & Forecasts by Region, 2022-2032 (USD Billion)
TABLE 3. Global LED Lighting Market Estimates & Forecasts by Product, 2022-2032 (USD Billion)
TABLE 4. Global LED Lighting Market Estimates & Forecasts by Application, 2022-2032 (USD Billion)
TABLE 5. Global LED Lighting Market Estimates & Forecasts by Installation Type, 2022-2032 (USD Billion)
TABLE 6. Global LED Lighting Market Estimates & Forecasts by Sales Channel, 2022-2032 (USD Billion)
TABLE 7. Global LED Lighting Market Estimates & Forecasts by End-use, 2022-2032 (USD Billion)
TABLE 8. Regional Market Breakdown by Smart LED Lighting Adoption
TABLE 9. Impact of Government Energy Policies on LED Market Growth
TABLE 10. Comparison of Retrofit vs. New LED Installations by Region
TABLE 11. Historical LED Lighting Market Trends, 2018-2022 (USD Billion)
TABLE 12. North America LED Lighting Market by Product Segment
List of Figures
FIGURE 1. Global LED Lighting Market Research Methodology
FIGURE 2. Global LED Lighting Market Key Trends, 2022
FIGURE 3. Regional LED Market Share, 2022 & 2032
FIGURE 4. Growth Drivers and Opportunities in the Global LED Market
FIGURE 5. North America vs. Asia Pacific: LED Lighting Adoption Rates
FIGURE 6. Global Market Dynamics: Drivers, Challenges, and Opportunities
FIGURE 7. IoT Integration in Smart LED Lighting Solutions
FIGURE 8. Competitive Landscape by Regional Market Share
FIGURE 9. Revenue Share by Product Category, 2022 & 2032
FIGURE 10. Impact of COVID-19 on the LED Lighting Market
(This list is not complete. The final report contains more than 100 tables and 50 figures.)

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