Led Lighting Market in South Korea 2024-2028

Report
140 Pages
September 2024
Region: South Korea
TechNavio
ID: 5681422

The led lighting market in south korea is forecasted to grow by USD 2.21 billion during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the led lighting market in south korea provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising need for LED lighting in hazardous areas, growing demand of LED lighting in automotive sector, and growing number of households and urbanization.

The led lighting market in south korea is segmented as below:

By Application

Residential
Commercial
Industrial
Outdoor
Others

By Product

LED lamps
LED luminaires

By Geographical Landscape

APAC

This study identifies the growing traction for intelligent lighting systems as one of the prime reasons driving the led lighting market in south korea growth during the next few years. Also, rising use of CSP LED lighting in industrial applications and integration of LED lighting with renewable energy will lead to sizable demand in the market.

The report on the led lighting market in south korea covers the following areas:

Led lighting market in south korea sizing
Led lighting market in south korea forecast
Led lighting market in south korea industry analysis

A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading led lighting market in south korea vendors that include Acuity Brands Inc., ams OSRAM AG, ANYLUX Co. Ltd., Backsan LNT Co. Ltd., DSE Co. Ltd., Eaton Corp plc, Everlight Electronics Co. Ltd., Hubbell Inc., Hwashin Korea Co. Ltd., Koninklijke Philips N.V., Korea LED and Equipment Co. Ltd., LG Innotek Co. Ltd., Lumileds Holding BV, Nanoleaf Canada Ltd., Nichia Corp., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc., Zam Co. Ltd., and Zhejiang Future Lighting Co. Ltd. Also, the led lighting market in south korea analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

1 Executive Summary

1.1 Market overview

Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem

Parent Market
Data Table on - Parent Market

2.2 Market characteristics

Market characteristics analysis

2.3 Value chain analysis

Value Chain Analysis

3 Market Sizing

3.1 Market definition

Offerings of companies included in the market definition

3.2 Market segment analysis

Market segments

3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

Chart on South Korea - Market size and forecast 2023-2028 ($ million)
Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
Chart on South Korea: Year-over-year growth 2023-2028 (%)
Data Table on South Korea: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 LED Lighting Market in South Korea 2018 - 2022

Historic Market Size - Data Table on LED Lighting Market in South Korea 2018 - 2022 ($ million)

4.2 Application segment analysis 2018 - 2022

Historic Market Size - Application Segment 2018 - 2022 ($ million)

4.3 Product segment analysis 2018 - 2022

Historic Market Size - Product Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers

Bargaining power of buyers - Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers

Bargaining power of suppliers - Impact of key factors in 2023 and 2028

5.4 Threat of new entrants

Threat of new entrants - Impact of key factors in 2023 and 2028

5.5 Threat of substitutes

Threat of substitutes - Impact of key factors in 2023 and 2028

5.6 Threat of rivalry

Threat of rivalry - Impact of key factors in 2023 and 2028

5.7 Market condition

Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments

Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)

6.2 Comparison by Application

Chart on Comparison by Application
Data Table on Comparison by Application

6.3 Residential - Market size and forecast 2023-2028

Chart on Residential - Market size and forecast 2023-2028 ($ million)
Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Chart on Residential - Year-over-year growth 2023-2028 (%)
Data Table on Residential - Year-over-year growth 2023-2028 (%)

6.4 Commercial - Market size and forecast 2023-2028

Chart on Commercial - Market size and forecast 2023-2028 ($ million)
Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
Chart on Commercial - Year-over-year growth 2023-2028 (%)
Data Table on Commercial - Year-over-year growth 2023-2028 (%)

6.5 Industrial - Market size and forecast 2023-2028

Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Chart on Industrial - Year-over-year growth 2023-2028 (%)
Data Table on Industrial - Year-over-year growth 2023-2028 (%)

6.6 Outdoor - Market size and forecast 2023-2028

Chart on Outdoor - Market size and forecast 2023-2028 ($ million)
Data Table on Outdoor - Market size and forecast 2023-2028 ($ million)
Chart on Outdoor - Year-over-year growth 2023-2028 (%)
Data Table on Outdoor - Year-over-year growth 2023-2028 (%)

6.7 Others - Market size and forecast 2023-2028

Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)

6.8 Market opportunity by Application

Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Product

7.1 Market segments

Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)

7.2 Comparison by Product

Chart on Comparison by Product
Data Table on Comparison by Product

7.3 LED lamps - Market size and forecast 2023-2028

Chart on LED lamps - Market size and forecast 2023-2028 ($ million)
Data Table on LED lamps - Market size and forecast 2023-2028 ($ million)
Chart on LED lamps - Year-over-year growth 2023-2028 (%)
Data Table on LED lamps - Year-over-year growth 2023-2028 (%)

7.4 LED luminaires - Market size and forecast 2023-2028

Chart on LED luminaires - Market size and forecast 2023-2028 ($ million)
Data Table on LED luminaires - Market size and forecast 2023-2028 ($ million)
Chart on LED luminaires - Year-over-year growth 2023-2028 (%)
Data Table on LED luminaires - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by Product

Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Opportunity/Restraints

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges

Impact of drivers and challenges in 2023 and 2028

9.4 Market opportunities/restraints

10 Competitive Landscape

10.1 Overview
10.2 Competitive Landscape

Overview on criticality of inputs and factors of differentiation

10.3 Landscape disruption

Overview on factors of disruption

10.4 Industry risks

Impact of key risks on business

11 Competitive Analysis

11.1 Companies profiled

Companies covered

11.2 Market positioning of companies

Matrix on companies position and classification

11.3 Acuity Brands Inc.

Acuity Brands Inc. - Overview
Acuity Brands Inc. - Business segments
Acuity Brands Inc. - Key offerings
Acuity Brands Inc. - Segment focus

11.4 ams OSRAM AG

ams OSRAM AG - Overview
ams OSRAM AG - Business segments
ams OSRAM AG - Key news
ams OSRAM AG - Key offerings
ams OSRAM AG - Segment focus

11.5 ANYLUX Co. Ltd.

ANYLUX Co. Ltd. - Overview
ANYLUX Co. Ltd. - Product / Service
ANYLUX Co. Ltd. - Key offerings

11.6 Backsan LNT Co. Ltd.

Backsan LNT Co. Ltd. - Overview
Backsan LNT Co. Ltd. - Product / Service
Backsan LNT Co. Ltd. - Key offerings

11.7 DSE Co. Ltd.

DSE Co. Ltd. - Overview
DSE Co. Ltd. - Product / Service
DSE Co. Ltd. - Key offerings

11.8 Eaton Corp plc

Eaton Corp plc - Overview
Eaton Corp plc - Business segments
Eaton Corp plc - Key news
Eaton Corp plc - Key offerings
Eaton Corp plc - Segment focus

11.9 Everlight Electronics Co. Ltd.

Everlight Electronics Co. Ltd. - Overview
Everlight Electronics Co. Ltd. - Product / Service
Everlight Electronics Co. Ltd. - Key offerings

11.10 Hwashin Korea Co. Ltd.

Hwashin Korea Co. Ltd. - Overview
Hwashin Korea Co. Ltd. - Product / Service
Hwashin Korea Co. Ltd. - Key offerings

11.11 LG Innotek Co. Ltd.

LG Innotek Co. Ltd. - Overview
LG Innotek Co. Ltd. - Business segments
LG Innotek Co. Ltd. - Key offerings
LG Innotek Co. Ltd. - Segment focus

11.12 Lumileds Holding BV

Lumileds Holding BV - Overview
Lumileds Holding BV - Product / Service
Lumileds Holding BV - Key offerings

11.13 Nichia Corp.

Nichia Corp. - Overview
Nichia Corp. - Product / Service
Nichia Corp. - Key news
Nichia Corp. - Key offerings

11.14 Samsung Electronics Co. Ltd.

Samsung Electronics Co. Ltd. - Overview
Samsung Electronics Co. Ltd. - Business segments
Samsung Electronics Co. Ltd. - Key news
Samsung Electronics Co. Ltd. - Key offerings
Samsung Electronics Co. Ltd. - Segment focus

11.15 Seoul Semiconductor Co. Ltd.

Seoul Semiconductor Co. Ltd. - Overview
Seoul Semiconductor Co. Ltd. - Product / Service
Seoul Semiconductor Co. Ltd. - Key offerings

11.16 SMART Global Holdings Inc.

SMART Global Holdings Inc. - Overview
SMART Global Holdings Inc. - Business segments
SMART Global Holdings Inc. - Key offerings
SMART Global Holdings Inc. - Segment focus

11.17 Zhejiang Future Lighting Co. Ltd.

Zhejiang Future Lighting Co. Ltd. - Overview
Zhejiang Future Lighting Co. Ltd. - Product / Service
Zhejiang Future Lighting Co. Ltd. - Key offerings

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist

Inclusions checklist
Exclusions checklist

12.3 Currency conversion rates for US$

Currency conversion rates for US$

12.4 Research methodology

Research methodology

12.5 Data procurement

Information sources

12.6 Data validation

Data validation

12.7 Validation techniques employed for market sizing

Validation techniques employed for market sizing

12.8 Data synthesis

Data synthesis

12.9 360 degree market analysis

360 degree market analysis

12.10 List of abbreviations

List of abbreviations

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Application
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on South Korea - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on South Korea: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on South Korea: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on LED Lighting Market in South Korea 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - Product Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Application - Market share 2023-2028 (%)
Exhibits 28: Data Table on Application - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Application
Exhibits 30: Data Table on Comparison by Application
Exhibits 31: Chart on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits 43: Chart on Outdoor - Market size and forecast 2023-2028 ($ million)
Exhibits 44: Data Table on Outdoor - Market size and forecast 2023-2028 ($ million)
Exhibits 45: Chart on Outdoor - Year-over-year growth 2023-2028 (%)
Exhibits 46: Data Table on Outdoor - Year-over-year growth 2023-2028 (%)
Exhibits 47: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 48: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 49: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 50: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 51: Market opportunity by Application ($ million)
Exhibits 52: Data Table on Market opportunity by Application ($ million)
Exhibits 53: Chart on Product - Market share 2023-2028 (%)
Exhibits 54: Data Table on Product - Market share 2023-2028 (%)
Exhibits 55: Chart on Comparison by Product
Exhibits 56: Data Table on Comparison by Product
Exhibits 57: Chart on LED lamps - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on LED lamps - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on LED lamps - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on LED lamps - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on LED luminaires - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on LED luminaires - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on LED luminaires - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on LED luminaires - Year-over-year growth 2023-2028 (%)
Exhibits 65: Market opportunity by Product ($ million)
Exhibits 66: Data Table on Market opportunity by Product ($ million)
Exhibits 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 68: Impact of drivers and challenges in 2023 and 2028
Exhibits 69: Overview on criticality of inputs and factors of differentiation
Exhibits 70: Overview on factors of disruption
Exhibits 71: Impact of key risks on business
Exhibits 72: Companies covered
Exhibits 73: Matrix on companies position and classification
Exhibits 74: Acuity Brands Inc. - Overview
Exhibits 75: Acuity Brands Inc. - Business segments
Exhibits 76: Acuity Brands Inc. - Key offerings
Exhibits 77: Acuity Brands Inc. - Segment focus
Exhibits 78: ams OSRAM AG - Overview
Exhibits 79: ams OSRAM AG - Business segments
Exhibits 80: ams OSRAM AG - Key news
Exhibits 81: ams OSRAM AG - Key offerings
Exhibits 82: ams OSRAM AG - Segment focus
Exhibits 83: ANYLUX Co. Ltd. - Overview
Exhibits 84: ANYLUX Co. Ltd. - Product / Service
Exhibits 85: ANYLUX Co. Ltd. - Key offerings
Exhibits 86: Backsan LNT Co. Ltd. - Overview
Exhibits 87: Backsan LNT Co. Ltd. - Product / Service
Exhibits 88: Backsan LNT Co. Ltd. - Key offerings
Exhibits 89: DSE Co. Ltd. - Overview
Exhibits 90: DSE Co. Ltd. - Product / Service
Exhibits 91: DSE Co. Ltd. - Key offerings
Exhibits 92: Eaton Corp plc - Overview
Exhibits 93: Eaton Corp plc - Business segments
Exhibits 94: Eaton Corp plc - Key news
Exhibits 95: Eaton Corp plc - Key offerings
Exhibits 96: Eaton Corp plc - Segment focus
Exhibits 97: Everlight Electronics Co. Ltd. - Overview
Exhibits 98: Everlight Electronics Co. Ltd. - Product / Service
Exhibits 99: Everlight Electronics Co. Ltd. - Key offerings
Exhibits 100: Hwashin Korea Co. Ltd. - Overview
Exhibits 101: Hwashin Korea Co. Ltd. - Product / Service
Exhibits 102: Hwashin Korea Co. Ltd. - Key offerings
Exhibits 103: LG Innotek Co. Ltd. - Overview
Exhibits 104: LG Innotek Co. Ltd. - Business segments
Exhibits 105: LG Innotek Co. Ltd. - Key offerings
Exhibits 106: LG Innotek Co. Ltd. - Segment focus
Exhibits 107: Lumileds Holding BV - Overview
Exhibits 108: Lumileds Holding BV - Product / Service
Exhibits 109: Lumileds Holding BV - Key offerings
Exhibits 110: Nichia Corp. - Overview
Exhibits 111: Nichia Corp. - Product / Service
Exhibits 112: Nichia Corp. - Key news
Exhibits 113: Nichia Corp. - Key offerings
Exhibits 114: Samsung Electronics Co. Ltd. - Overview
Exhibits 115: Samsung Electronics Co. Ltd. - Business segments
Exhibits 116: Samsung Electronics Co. Ltd. - Key news
Exhibits 117: Samsung Electronics Co. Ltd. - Key offerings
Exhibits 118: Samsung Electronics Co. Ltd. - Segment focus
Exhibits 119: Seoul Semiconductor Co. Ltd. - Overview
Exhibits 120: Seoul Semiconductor Co. Ltd. - Product / Service
Exhibits 121: Seoul Semiconductor Co. Ltd. - Key offerings
Exhibits 122: SMART Global Holdings Inc. - Overview
Exhibits 123: SMART Global Holdings Inc. - Business segments
Exhibits 124: SMART Global Holdings Inc. - Key offerings
Exhibits 125: SMART Global Holdings Inc. - Segment focus
Exhibits 126: Zhejiang Future Lighting Co. Ltd. - Overview
Exhibits 127: Zhejiang Future Lighting Co. Ltd. - Product / Service
Exhibits 128: Zhejiang Future Lighting Co. Ltd. - Key offerings
Exhibits 129: Inclusions checklist
Exhibits 130: Exclusions checklist
Exhibits 131: Currency conversion rates for US$
Exhibits 132: Research methodology
Exhibits 133: Information sources
Exhibits 134: Data validation
Exhibits 135: Validation techniques employed for market sizing
Exhibits 136: Data synthesis
Exhibits 137: 360 degree market analysis
Exhibits 138: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the LED lighting market in South Korea: Acuity Brands Inc., ams OSRAM AG, ANYLUX Co. Ltd., Backsan LNT Co. Ltd., DSE Co. Ltd., Eaton Corp PLC, Everlight Electronics Co. Ltd., Hubbell Inc., Hwashin Korea Co. Ltd., Koninklijke Philips N.V., Korea LED and Equipment Co. Ltd., LG Innotek Co. Ltd., Lumileds Holding BV, Nanoleaf Canada Ltd., Nichia Corp., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc., Zam Co. Ltd., and Zhejiang Future Lighting Co. Ltd..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing traction for intelligent lighting systems."

According to the report, one of the major drivers for this market is the rising need for LED lighting in hazardous areas.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Acuity Brands Inc.
ams OSRAM AG
ANYLUX Co. Ltd.
Backsan LNT Co. Ltd.
DSE Co. Ltd.
Eaton Corp plc
Everlight Electronics Co. Ltd.
Hubbell Inc.
Hwashin Korea Co. Ltd.
Koninklijke Philips N.V.
Korea LED and Equipment Co. Ltd.
LG Innotek Co. Ltd.
Lumileds Holding BV
Nanoleaf Canada Ltd.
Nichia Corp.
Samsung Electronics Co. Ltd.
Seoul Semiconductor Co. Ltd.
SMART Global Holdings Inc.
Zam Co. Ltd.
Zhejiang Future Lighting Co. Ltd.

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The led lighting market in south korea is segmented as below:

By Application

By Product

By Geographical Landscape

The report on the led lighting market in south korea covers the following areas:

Table of Contents

Executive Summary

Companies Mentioned (Partial List)

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