Global LED Lighting
Summary
Global LED Lighting industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- LED lamps or luminaires are long-lasting and provide quality lighting than fluorescent or compact fluorescent or halogen incandescent or incandescent light bulbs. In LED lighting, LEDs are incorporated into lamps and luminaires for general lighting purposes. Both indoor and outdoor LED lighting are in our scope. Indoor LED lighting includes A-Type, decorative, directional, small directional, downlighting, linear fixture, and low/high bay. Outdoor LED lighting scope includes street/roadway, parking garage, parking lot, and building exterior.
- The global LED lighting market recorded revenues of $72,603.4 million in 2024, representing a compound annual growth rate (CAGR) of 5.7% between 2019 and 2024.
- The residential segment accounted for the market's largest proportion in 2024, with total revenues of $30,253.8 million, equivalent to 41.7% of the market's overall value.
- Rising consumer purchasing power has fueled the adoption of advanced lighting technologies, including LED fixtures, in both residential and commercial settings. According to the World Bank, the gross disposable income per household in China reached $7,984.2 in 2024, reflecting a 6.6% increase from the previous year, which has reinforced the demand for energy-efficient products like LED lighting.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the led lighting market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global led lighting market
- Leading company profiles reveal details of key led lighting market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Global led lighting market with five year forecasts
- What was the size of the Global led lighting market by value in 2024?
- What will be the size of the Global led lighting market in 2029?
- What factors are affecting the strength of competition in the Global led lighting market?
- How has the market performed over the last five years?
- How large is the global’s led lighting market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 7.4. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. Signify NV
- 8.2. Acuity Brands Inc
- 8.3. OSRAM Licht AG
- 8.4. Havells India Ltd
- 8.5. Opple Lighting Co Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- 10.4. About GlobalData
- List of Tables
- Table 1: Global LED lighting market value: $ million, 2019-24
- Table 2: Global LED lighting market category segmentation: % share, by value, 2019-24
- Table 3: Global LED lighting market category segmentation: $ million, 2019-24
- Table 4: Global LED lighting market geography segmentation: $ million, 2024
- Table 5: Global LED lighting market value forecast: $ million, 2024-29
- Table 6: Signify NV: Key Facts
- Table 7: Signify NV: annual financial ratios
- Table 8: Signify NV: key employees
- Table 9: Acuity Brands Inc: Key Facts
- Table 10: Acuity Brands Inc: annual financial ratios
- Table 11: Acuity Brands Inc: key employees
- Table 12: OSRAM Licht AG: Key Facts
- Table 13: OSRAM Licht AG: annual financial ratios
- Table 14: OSRAM Licht AG: key employees
- Table 15: Havells India Ltd: Key Facts
- Table 16: Havells India Ltd: annual financial ratios
- Table 17: Havells India Ltd: key employees
- Table 18: Opple Lighting Co Ltd: Key Facts
- Table 19: Opple Lighting Co Ltd: annual financial ratios
- Table 20: Opple Lighting Co Ltd: key employees
- Table 21: Global Exchange Rate, 2019-24
- List of Figures
- Figure 1: Global LED lighting market value: $ million, 2019-24
- Figure 2: Global LED lighting market category segmentation: $ million, 2019-24
- Figure 3: Global LED lighting market geography segmentation: % share, by value, 2024
- Figure 4: Global LED lighting market value forecast: $ million, 2024-29
- Figure 5: Forces driving competition in the global LED lighting market, 2024
- Figure 6: Drivers of buyer power in the global LED lighting market, 2024
- Figure 7: Drivers of supplier power in the global LED lighting market, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the global LED lighting market, 2024
- Figure 9: Factors influencing the threat of substitutes in the global LED lighting market, 2024
- Figure 10: Drivers of degree of rivalry in the global LED lighting market, 2024
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