The Latin America LED lighting market size was valued at USD 5.60 Billion in 2024. The market is further projected to grow at a CAGR of 5.20% between 2025 and 2034, reaching a value of USD 9.30 Billion by 2034.
One of the major trends in the market is retrofitting existing lighting systems with LED lighting due to its cost-effectiveness. The most popular types of LED lighting in Latin America are LED lamps and LED luminaires, which are used for both indoor and outdoor lighting purposes.
Moreover, government investments in infrastructure, such as Mexico's investment in improving school infrastructure, contribute to the growth of the LED lighting market. The Chilean government's initiatives to connect Santiago's underground metro system to the airport and construct a 12 km light rail link are also expected to drive the demand for LED lighting in the region. Thus, the commercial sector holds a significant market share due to the growing demand for energy-efficient lighting solutions in commercial applications, such as offices, retail stores, hotels, and restaurants.
Another significant trend in the LED lighting market in Latin America is the integration of lighting and music, as seen in the Philips Hue app's pioneering integration with Spotify. This enhances the overall smart lighting experience. Additionally, the increasing awareness about the benefits of LED lighting, such as long lifespan, low energy consumption, and low maintenance costs, is also contributing to the growth of this segment.
The growing demand for energy-efficient lighting solutions in industrial applications, such as factories, warehouses, and manufacturing units, is driving the growth of industrial segment. The growing demand for energy-efficient lighting solutions in government applications, such as public buildings, street lighting, and traffic signals, is driving the growth of this segment. The highway and roadway sector segment is also witnessing growth due to high demand for LED lighting solutions in street lighting, highways, and bridges.
Market Segmentation
Latin America LED Lighting Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product:
Lamps_x000D_ _x000D_ A-Type _x000D_ T-Type _x000D_ Others _x000D_ _x000D_
Lamps_x000D_ _x000D_ A-Type _x000D_ T-Type _x000D_ Others _x000D_ _x000D_
Luminaire_x000D_ _x000D_ Streetlight _x000D_ Downlight _x000D_ Troffers _x000D_ High Bay _x000D_ Track Lights _x000D_ Suspended Pendants _x000D_ Others _x000D_ _x000D_
Luminaire_x000D_ _x000D_ Streetlight _x000D_ Downlight _x000D_ Troffers _x000D_ High Bay _x000D_ Track Lights _x000D_ Suspended Pendants _x000D_ Others _x000D_ _x000D_
Market Breakup by Application:
Indoor
Outdoor
Market Breakup by End Use:
Residential
Commercial
Industrial
Government
Highway and Roadway
Architectural
Market Breakup by Country:
Brazil
Mexico
Argentina
Others
Competitive Landscape
Market players are strategically investing in R&D activities to expand their product lines, improve efficiency, and cater to the evolving needs of consumers seeking cost-effective LED lighting solutions.
Signify NV
OSRAM Licht AG
SMART Global Holdings, Inc.
Acuity Brands, Inc.
Eaton Corporation Plc
EVERLIGHT Electronics Co., Ltd.
Dialight Plc
OPPLE Lighting Co., Ltd.
Green Ray
SX Group
Others
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global LED Lighting Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global LED Lighting Historical Market (2018-2024)
- 5.3 Global LED Lighting Market Forecast (2025-2034)
- 5.4 Global LED Lighting Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Latin America LED Lighting Market Overview
- 6.1 Key Industry Highlights
- 6.2 Latin America LED Lighting Historical Market (2018-2024)
- 6.3 Latin America LED Lighting Market Forecast (2025-2034)
- 7 Latin America LED Lighting Market by Product
- 7.1 Lamps
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.1.3 Breakup by Type
- 7.1.3.1 A-Type
- 7.1.3.2 T-Type
- 7.1.3.3 Others
- 7.2 Luminaire
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.2.3 Breakup by Type
- 7.2.3.1 Street Light
- 7.2.3.2 Downlight
- 7.2.3.3 Troffers
- 7.2.3.4 High Bay
- 7.2.3.5 Track Lights
- 7.2.3.6 Suspended Pendants
- 7.2.3.7 Others
- 8 Latin America LED Lighting Market by Application
- 8.1 Indoor
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Outdoor
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 Latin America LED Lighting Market by End Use
- 9.1 Residential
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Commercial
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Industrial
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Government
- 9.4.1 Historical Trend (2018-2024)
- 9.4.2 Forecast Trend (2025-2034)
- 9.5 Highway and Roadway
- 9.5.1 Historical Trend (2018-2024)
- 9.5.2 Forecast Trend (2025-2034)
- 9.6 Architectural
- 9.6.1 Historical Trend (2018-2024)
- 9.6.2 Forecast Trend (2025-2034)
- 10 Latin America LED Lighting Market by Country
- 10.1 Brazil
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Mexico
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Argentina
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators of Demand
- 11.4 Key Indicators of Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Signify NV
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 OSRAM Licht AG
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 SMART Global Holdings, Inc.
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Acuity Brands, Inc.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Eaton Corporation Plc
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 EVERLIGHT Electronics Co., Ltd.
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Dialight Plc
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 OPPLE Lighting Co., Ltd.
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Green Ray
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 SX Group
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook