LED Lighting Market Size, Share & Trends Analysis Report By Product (Lamps, Luminaires), By Application, By Installation Type, By Sales Channel, By End-use, By Region, And Segment Forecasts, 2024 - 2030
- Report ID: GVR-2-68038-123-8
- Number of Pages: 120
- Format: Electronic (PDF)
- Historical Range: 2018 - 2023
- Industry: Semiconductors & Electronics
Market Segmentation
- LED Lighting Product Outlook (Revenue, USD Billion; 2018 - 2030)
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- LED Lighting Application Outlook (Revenue, USD Billion; 2018 - 2030)
- Indoor
- Outdoor
- LED Lighting Installation Type Outlook (Revenue, USD Billion; 2018 - 2030)
- New LED
- Retrofit LED
- LED Lighting Sales Channel Outlook (Revenue, USD Billion; 2018 - 2030)
- Online
- Offline
- LED Lighting End Use Outlook (Revenue, USD Billion; 2018 - 2030)
- Commercial
- Residential
- Industrial
- Others
- LED Lighting Regional Outlook (Revenue, USD Billion; 2018 - 2030)
- North America
- North America LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- North America LED Lighting Market, by Application
- Indoor
- Outdoor
- North America LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- North America LED Lighting Market, by Sales Channel
- Online
- Offline
- North America LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- U.S.
- U.S. LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- U.S. LED Lighting Market, by Application
- Indoor
- Outdoor
- U.S. LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- U.S. LED Lighting Market, by Sales Channel
- Online
- Offline
- U.S. LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- U.S. LED Lighting Market, by Product
- Canada
- Canada LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- Canada LED Lighting Market, by Application
- Indoor
- Outdoor
- Canada LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- Canada LED Lighting Market, by Sales Channel
- Online
- Offline
- Canada LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- Canada LED Lighting Market, by Product
- North America LED Lighting Market, by Product
- Europe
- Europe LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- Europe LED Lighting Market, by Application
- Indoor
- Outdoor
- Europe LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- Europe LED Lighting Market, by Sales Channel
- Online
- Offline
- Europe LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- U.K.
- U.K. LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- U.K. LED Lighting Market, by Application
- Indoor
- Outdoor
- U.K. LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- U.K. LED Lighting Market, by Sales Channel
- Online
- Offline
- U.K. LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- U.K. LED Lighting Market, by Product
- Germany
- Germany LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- Germany LED Lighting Market, by Application
- Indoor
- Outdoor
- Germany LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- Germany LED Lighting Market, by Sales Channel
- Online
- Offline
- Germany LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- Germany LED Lighting Market, by Product
- France
- France LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- France LED Lighting Market, by Application
- Indoor
- Outdoor
- France LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- France LED Lighting Market, by Sales Channel
- Online
- Offline
- France LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- France LED Lighting Market, by Product
- Europe LED Lighting Market, by Product
- Asia Pacific
- Asia Pacific LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- Asia Pacific LED Lighting Market, by Application
- Indoor
- Outdoor
- Asia Pacific LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- Asia Pacific LED Lighting Market, by Sales Channel
- Online
- Offline
- Asia Pacific LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- China
- China LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- China LED Lighting Market, by Application
- Indoor
- Outdoor
- China LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- China LED Lighting Market, by Sales Channel
- Online
- Offline
- China LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- China LED Lighting Market, by Product
- India
- India LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- India LED Lighting Market, by Application
- Indoor
- Outdoor
- India LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- India LED Lighting Market, by Sales Channel
- Online
- Offline
- India LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- India LED Lighting Market, by Product
- Japan
- Japan LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- Japan LED Lighting Market, by Application
- Indoor
- Outdoor
- Japan LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- Japan LED Lighting Market, by Sales Channel
- Online
- Offline
- Japan LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- Japan LED Lighting Market, by Product
- Australia
- Australia LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- Australia LED Lighting Market, by Application
- Indoor
- Outdoor
- Australia LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- Australia LED Lighting Market, by Sales Channel
- Online
- Offline
- Australia LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- Australia LED Lighting Market, by Product
- South Korea
- South Korea LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- South Korea LED Lighting Market, by Application
- Indoor
- Outdoor
- South Korea LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- South Korea LED Lighting Market, by Sales Channel
- Online
- Offline
- South Korea LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- South Korea LED Lighting Market, by Product
- Asia Pacific LED Lighting Market, by Product
- Latin America
- Latin America LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- Latin America LED Lighting Market, by Application
- Indoor
- Outdoor
- Latin America LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- Latin America LED Lighting Market, by Sales Channel
- Online
- Offline
- Latin America LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- Brazil
- Brazil LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- Brazil LED Lighting Market, by Application
- Indoor
- Outdoor
- Brazil LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- Brazil LED Lighting Market, by Sales Channel
- Online
- Offline
- Brazil LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- Brazil LED Lighting Market, by Product
- Mexico
- Mexico LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- Mexico LED Lighting Market, by Application
- Indoor
- Outdoor
- Mexico LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- Mexico LED Lighting Market, by Sales Channel
- Online
- Offline
- Mexico LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- Mexico LED Lighting Market, by Product
- Latin America LED Lighting Market, by Product
- MEA
- MEA LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- MEA LED Lighting Market, by Application
- Indoor
- Outdoor
- MEA LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- MEA LED Lighting Market, by Sales Channel
- Online
- Offline
- MEA LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- UAE
- UAE LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- UAE LED Lighting Market, by Application
- Indoor
- Outdoor
- UAE LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- UAE LED Lighting Market, by Sales Channel
- Online
- Offline
- UAE LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- UAE LED Lighting Market, by Product
- Saudi Arabia
- Saudi Arabia LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- Saudi Arabia LED Lighting Market, by Application
- Indoor
- Outdoor
- Saudi Arabia LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- Saudi Arabia LED Lighting Market, by Sales Channel
- Online
- Offline
- Saudi Arabia LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- Saudi Arabia LED Lighting Market, by Product
- South Africa
- South Africa LED Lighting Market, by Product
- Lamps
- A-Lamps
- T-Lamps
- Other
- Luminaires
- Streetlights
- Downlights
- Troffers
- Others
- Lamps
- South Africa LED Lighting Market, by Application
- Indoor
- Outdoor
- South Africa LED Lighting Market, by Installation Type
- New LED
- Retrofit LED
- South Africa LED Lighting Market, by Sales Channel
- Online
- Offline
- South Africa LED Lighting Market, by End Use
- Commercial
- Residential
- Industrial
- Others
- South Africa LED Lighting Market, by Product
- MEA LED Lighting Market, by Product
- North America
LED Lighting Market Dynamics
Driver: Rise In Construction Activities And Growing Preference For Luxury, Smart Lighting Solutions
The increase in building construction activities is one of the major factors driving the demand for LED lighting solutions. Government regulations on the use of incandescent lights and various incentives aimed at encouraging the adoption of LED lighting are expected to generate new growth avenues for LED lighting vendors. Construction of new residential properties in the U.S., India, the UAE, and other countries has increased at a promising pace in recent years. These activities are driven by the fact that the administration has labelled construction, including residential construction, as an essential service to resolve the housing shortage issue. The number of new households, hospitals, malls, and offices has been growing and contributing to the demand for LED lighting solutions, along with the replacement of existing lighting fixtures.
Driver: Transformation In Energy Policies
Most of the countries have adopted restrictions to gradually phase out the manufacturing and export of these inefficient lighting devices. Since LED lighting has the potential to replace conventional light sources as the go-to option for consumers and companies, this transition is likely to significantly favor market growth. Policies regarding nuclear-free energy production are expected to positively impact the demand for LED lighting products and solutions globally. Japan is highly dependent on nuclear power, which contributes to around 30% of the country’s energy mix. However, the global future energy mix is expected to shift toward more non-nuclear and renewable sources.
Restraint: Lack Of Awarness Among Consumers
The average lifespan of an LED light is much higher compared to CFLs and the average electricity saved by an LED light is 1.5 times higher compared to a CFL. But the low awareness among consumers about the benefits offered by LED lighting products, such as energy efficiency, greater lifespan, and overall cost-effectiveness could challenge market growth. Traditional consumers don’t concentrate on the long-term benefits and mainly consider the pricing of the product. This trend could hamper the adoption of LED lighting products and solutions compared to traditional lighting solutions to a certain extent.
What Does This Report Include?
This section will provide insights into the contents included in this led lighting market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
LED lighting market qualitative analysis
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Industry overview
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Industry trends
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Market drivers and restraints
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Market size
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Growth prospects
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Porter’s analysis
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PESTEL analysis
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Key market opportunities prioritized
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Competitive landscape
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Company overview
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Financial performance
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Product benchmarking
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Latest strategic developments
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LED lighting market quantitative analysis
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Market size, estimates, and forecast from 2018 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance
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