Mexico Led Lighting Market Size & Outlook, 2025-2030
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Mexico led lighting market highlights
- The Mexico led lighting market generated a revenue of USD 1,927.8 million in 2024 and is expected to reach USD 3,572.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.8% from 2025 to 2030.
- In terms of segment, lamps was the largest revenue generating product in 2024.
- Lamps is the most lucrative product segment registering the fastest growth during the forecast period.
Led lighting market data book summary
| Market revenue in 2024 | USD 1,927.8 million |
| Market revenue in 2030 | USD 3,572.4 million |
| Growth rate | 10.8% (CAGR from 2025 to 2030) |
| Largest segment | Lamps |
| Fastest growing segment | Lamps |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamps, Luminaire |
| Key market players worldwide | Acuity Brands Inc, Cree Lighting, Dialight PLC, Hubbell Inc, LSI Industries Inc, Panasonic Holdings Corp, Seoul Semiconductor, Signify NV, Siteco, Syska, Zumtobel Group AG ADR |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.1% of the global led lighting market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil led lighting market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 3,572.4 million by 2030.
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LED Lighting Market Scope
LED Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LSI Industries Inc | View profile | 1540 | 10000 Alliance Road, Cincinnati, OH, United States, 45242 | https://www.lsicorp.com |
| Dialight PLC | View profile | 1970 | 25 Old Broad Street, Leaf C, Level 36, Tower 42, London, United Kingdom, EC2N 1HQ | https://www.dialight.com |
| Siteco | View profile | 1001-5000 | Traunreut, Bayern, Germany, Europe | https://www.siteco.com/ |
| Cree Lighting | View profile | 1001-5000 | Racine, Wisconsin, United States, North America | https://www.creelighting.com/company |
| Seoul Semiconductor | View profile | 5001-10000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.seoulsemicon.com/ |
| Zumtobel Group AG ADR | View profile | 5500 | Hochster Strasse 8, Dornbirn, Austria, A-6850 | https://z.lighting/en |
| Hubbell Inc | View profile | 18400 | 40 Waterview Drive, Shelton, CT, United States, 06484 | https://www.hubbell.com |
| Signify NV | View profile | 31920 | High Tech Campus 48, Eindhoven, Netherlands, 5656 AE | https://www.signify.com |
| Syska | View profile | 501-1000 | New York, New York, United States, North America | http://www.syska.com |
| Acuity Brands Inc | View profile | 12200 | 1170 Peachtree Street, N.E., Suite 2300, Atlanta, GA, United States, 30309 | https://www.acuitybrands.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
Mexico led lighting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to led lighting market will help companies and investors design strategic landscapes.
Lamps was the largest segment with a revenue share of 51.44% in 2024. Horizon Databook has segmented the Mexico led lighting market based on lamps, luminaire covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the Mexican LED lighting market can be attributed to factors such as improving infrastructure, rising purchasing, improving supply chain networks, and increasing automotive sales.
For instance, automotive sales in Mexico raised from 91,215 units in May 2022 to 106,798 units in May 2023. Since the newer automotive models are coming up with LED lighting, increasing automotive sales would directly accelerate the growth of the LED lighting market in Mexico.
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Target buyers of Mexico led lighting market databook
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Our clientele includes a mix of led lighting market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico led lighting market , including forecasts for subscribers. This country databook contains high-level insights into Mexico led lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico LED Lighting Market Outlook Share, 2024 & 2030 (US$M)
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