Global LED Lighting Market 2025 by Company, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global LED Lighting market size was valued at US$ 23390 million in 2024 and is forecast to a readjusted size of USD 30000 million by 2031 with a CAGR of 3.7% during review period.
LED lighting, or Lighting Emitting Diode lighting, is a semiconductor solid-state light-emitting device. It uses solid semiconductor chips as luminescent materials, and emits photons by the excess energy released by the recombination of carriers in the semiconductor, thereby directly emitting red, yellow, blue, green and other colors of light. On this basis, by using the principle of three primary colors and adding phosphors, light of any color can be emitted.
Benefiting from the global emphasis on energy conservation and environmental protection, LED lighting, as a high-efficiency, low-energy lighting solution, has gradually replaced traditional lighting products. Against this backdrop, the LED lighting industry has ushered in new opportunities, especially with increasing investment in sustainable development and smart lighting. At the same time, with the advancement of technology, the cost of LED products has gradually decreased, making them more competitive in the market.
From a regional perspective, the Chinese market has changed rapidly in the past few years. The market size in 2023 was US$5.454 billion, accounting for 22.99% of the world, and is expected to reach US$6.692 billion in 2030, when the global share will reach 23.61%. This growth reflects China's continuous progress in the research and development of LED lighting technology and market application, especially in the rapid expansion of smart home and urban lighting. The rapid growth of the Chinese market has also attracted more and more international manufacturers to invest and cooperate, further promoting the development of the industry.
At present, the global market is mainly dominated by manufacturers in the United States and China. The world's leading LED lighting manufacturers mainly include Acuity Brands, Panasonic and Mulinsen, and the top three manufacturers account for 23.07% of the global market share.
However, the global LED lighting market also faces many challenges. In 2023, the industry faces dual pressures from the international and domestic environments. The instability of the international market, rising energy prices, rising freight rates between Asia and Europe, and global inflation caused by interest rate hikes in Europe and the United States have all dealt a heavy blow to the export of the LED lighting industry. In addition, the domestic market is also affected by real estate regulation policies, and weak market demand has limited the growth of the lighting industry. Under the combined effect of this series of factors, the industry is facing unprecedented difficulties and challenges.
In the increasingly competitive LED lighting terminal market, the replacement market has gradually shrunk, causing companies to face the risk of increased inventory pressure. As the life of LED lighting products has been extended, many consumers no longer frequently replace lighting equipment, resulting in a decline in market demand. In addition, the improvement of the automation level of the lighting industry has lowered the threshold for expansion, resulting in an increase in the number of listed companies in China, which has led to the problem of overcapacity. Faced with the decline in demand from international and domestic end customers, the industry has been under increasing pressure to destock, and the prices of LED lighting products have continued to fall, further weakening the profitability of the market.
This report is a detailed and comprehensive analysis for global LED Lighting market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global LED Lighting market size and forecasts, in consumption value ($ Million), 2020-2031
Global LED Lighting market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global LED Lighting market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global LED Lighting market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for LED Lighting
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global LED Lighting market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Acuity Brands, Panasonic, MULINSEN, Signify, Zumtobel, Opple Lighting, Current Lighting Solutions, Foshan Electrical And Lighting, Pak, Savant Systems, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
LED Lighting market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Indoor LED Lighting
Outdoor LED Lighting
Market segment by Application
Home
Industrial
Commercial
Others
Market segment by players, this report covers
Acuity Brands
Panasonic
MULINSEN
Signify
Zumtobel
Opple Lighting
Current Lighting Solutions
Foshan Electrical And Lighting
Pak
Savant Systems
YANKON
Sharp
Cree Lighting
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe LED Lighting product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of LED Lighting, with revenue, gross margin, and global market share of LED Lighting from 2020 to 2025.
Chapter 3, the LED Lighting competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and LED Lighting market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of LED Lighting.
Chapter 13, to describe LED Lighting research findings and conclusion.
LED lighting, or Lighting Emitting Diode lighting, is a semiconductor solid-state light-emitting device. It uses solid semiconductor chips as luminescent materials, and emits photons by the excess energy released by the recombination of carriers in the semiconductor, thereby directly emitting red, yellow, blue, green and other colors of light. On this basis, by using the principle of three primary colors and adding phosphors, light of any color can be emitted.
Benefiting from the global emphasis on energy conservation and environmental protection, LED lighting, as a high-efficiency, low-energy lighting solution, has gradually replaced traditional lighting products. Against this backdrop, the LED lighting industry has ushered in new opportunities, especially with increasing investment in sustainable development and smart lighting. At the same time, with the advancement of technology, the cost of LED products has gradually decreased, making them more competitive in the market.
From a regional perspective, the Chinese market has changed rapidly in the past few years. The market size in 2023 was US$5.454 billion, accounting for 22.99% of the world, and is expected to reach US$6.692 billion in 2030, when the global share will reach 23.61%. This growth reflects China's continuous progress in the research and development of LED lighting technology and market application, especially in the rapid expansion of smart home and urban lighting. The rapid growth of the Chinese market has also attracted more and more international manufacturers to invest and cooperate, further promoting the development of the industry.
At present, the global market is mainly dominated by manufacturers in the United States and China. The world's leading LED lighting manufacturers mainly include Acuity Brands, Panasonic and Mulinsen, and the top three manufacturers account for 23.07% of the global market share.
However, the global LED lighting market also faces many challenges. In 2023, the industry faces dual pressures from the international and domestic environments. The instability of the international market, rising energy prices, rising freight rates between Asia and Europe, and global inflation caused by interest rate hikes in Europe and the United States have all dealt a heavy blow to the export of the LED lighting industry. In addition, the domestic market is also affected by real estate regulation policies, and weak market demand has limited the growth of the lighting industry. Under the combined effect of this series of factors, the industry is facing unprecedented difficulties and challenges.
In the increasingly competitive LED lighting terminal market, the replacement market has gradually shrunk, causing companies to face the risk of increased inventory pressure. As the life of LED lighting products has been extended, many consumers no longer frequently replace lighting equipment, resulting in a decline in market demand. In addition, the improvement of the automation level of the lighting industry has lowered the threshold for expansion, resulting in an increase in the number of listed companies in China, which has led to the problem of overcapacity. Faced with the decline in demand from international and domestic end customers, the industry has been under increasing pressure to destock, and the prices of LED lighting products have continued to fall, further weakening the profitability of the market.
This report is a detailed and comprehensive analysis for global LED Lighting market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global LED Lighting market size and forecasts, in consumption value ($ Million), 2020-2031
Global LED Lighting market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global LED Lighting market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global LED Lighting market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for LED Lighting
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global LED Lighting market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Acuity Brands, Panasonic, MULINSEN, Signify, Zumtobel, Opple Lighting, Current Lighting Solutions, Foshan Electrical And Lighting, Pak, Savant Systems, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
LED Lighting market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Indoor LED Lighting
Outdoor LED Lighting
Market segment by Application
Home
Industrial
Commercial
Others
Market segment by players, this report covers
Acuity Brands
Panasonic
MULINSEN
Signify
Zumtobel
Opple Lighting
Current Lighting Solutions
Foshan Electrical And Lighting
Pak
Savant Systems
YANKON
Sharp
Cree Lighting
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe LED Lighting product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of LED Lighting, with revenue, gross margin, and global market share of LED Lighting from 2020 to 2025.
Chapter 3, the LED Lighting competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and LED Lighting market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of LED Lighting.
Chapter 13, to describe LED Lighting research findings and conclusion.
Table of Contents
103 Pages
- 1 Market Overview
- 2 Company Profiles
- 3 Market Competition, by Players
- 4 Market Size Segment by Type
- 5 Market Size Segment by Application
- 6 North America
- 7 Europe
- 8 Asia-Pacific
- 9 South America
- 10 Middle East & Africa
- 11 Market Dynamics
- 12 Industry Chain Analysis
- 13 Research Findings and Conclusion
- 14 Appendix
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
