The global market for LED Lighting was valued at US$62.8 Billion in 2024 and is projected to reach US$94.0 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the LED Lighting market.
Segments: Product Type (Lamps, Luminaires); Application (Indoor, Outdoor); End-Use (Residential, Commercial, Industrial, Other End-Uses).
Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
Global LED Lighting Market - Key Trends & Drivers Summarized
What Is LED Lighting and How Is It Revolutionizing Illumination?
LED (Light Emitting Diode) lighting is a transformative technology that has fundamentally changed how we light our environments, providing more energy-efficient, durable, and environmentally friendly alternatives to traditional lighting methods. Unlike conventional incandescent and fluorescent lights, LEDs do not use filaments or gases to produce light. Instead, they pass light through semiconductors, making them more efficient at converting energy into light with minimal heat production. This efficiency reduces energy consumption significantly, leading to lower utility bills and decreased environmental impact. Additionally, LEDs are known for their longevity and robustness, which contribute to less frequent replacements and reduced waste.How Are Technological Advancements Enhancing LED Lighting?
The field of LED lighting is continuously advancing with innovations that enhance light quality, efficiency, and integration capabilities. Recent developments include improvements in LED color accuracy and light intensity to better mimic natural sunlight, enhancing comfort and visibility in various settings. Technological integration has also expanded, with LEDs increasingly becoming a part of connected home systems and smart cities, allowing for automated lighting adjustments that respond to environmental changes and human activities. Moreover, advancements in materials have enabled LEDs to become more compact and flexible, opening up new possibilities for design and application, from wearable technology to architectural features that blend functionality with aesthetic appeal.What Current Trends Are Influencing the LED Lighting Market?
The LED lighting market is being shaped by several key trends that reflect broader shifts in technology, environmental policy, and consumer preferences. There is a growing emphasis on sustainability, driving demand for energy-efficient lighting solutions like LEDs that help reduce carbon footprints and energy costs. In the realm of design, LEDs are increasingly favored for their versatility and ability to fit into minimalist and space-efficient designs, appealing to modern aesthetic preferences. Furthermore, regulatory changes globally are phasing out less efficient lighting solutions, propelling the adoption of LEDs in residential, commercial, and public sectors. The expansion of smart home and IoT applications also supports this trend, as consumers seek more integrated and automated home systems.What Are Factors Driving Growth in the LED Lighting Market?
The growth in the LED lighting market is driven by several factors, vital for understanding its expanding role in global markets. Technological advancements that enhance the efficiency and applicability of LED solutions are crucial, catering to a wider range of industrial, commercial, and residential needs. Economic factors, such as the decreasing cost of LED production, make these solutions more accessible to a broader market, accelerating adoption rates. Consumer awareness of environmental issues and sustainability is also a significant driver, as more individuals and organizations opt for greener alternatives. Additionally, government policies and incentives that promote energy-efficient technologies further stimulate the LED market. The integration of LEDs into emerging tech areas like smart cities and IoT devices offers new opportunities for growth, highlighting the dynamic and evolving nature of the LED lighting industry. These factors collectively ensure the continued expansion and relevance of LED lighting in addressing modern energy and environmental challenges.Report Scope
The report analyzes the LED Lighting market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.Segments: Product Type (Lamps, Luminaires); Application (Indoor, Outdoor); End-Use (Residential, Commercial, Industrial, Other End-Uses).
Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Lamps segment, which is expected to reach US$36.3 Billion by 2030 with a CAGR of a 7.6%. The Luminaires segment is also set to grow at 6.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $10.1 Billion in 2024, and China, forecasted to grow at an impressive 8.5% CAGR to reach $17.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global LED Lighting Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global LED Lighting Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global LED Lighting Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Acuity Brands Lighting Inc., Cree Lighting, Dialight PLC, Digital Lumens, Inc., Hubbell Incorporated and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 190 companies featured in this LED Lighting market report include:
- Acuity Brands Lighting Inc.
- Cree Lighting
- Dialight PLC
- Digital Lumens, Inc.
- Hubbell Incorporated
- LSI Industries Inc.
- Osram Licht AG
- Surya Roshni Ltd.
- Signify
- Wipro Lighting
- Zumtobel Lighting GmbH
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What’s Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acuity Brands Lighting Inc.
- Cree Lighting
- Dialight PLC
- Digital Lumens, Inc.
- Hubbell Incorporated
- LSI Industries Inc.
- Osram Licht AG
- Surya Roshni Ltd.
- Signify
- Wipro Lighting
- Zumtobel Lighting GmbH
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 737 |
Published | April 2025 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 62.8 Billion |
Forecasted Market Value ( USD | $ 94 Billion |
Compound Annual Growth Rate | 7.0% |
Regions Covered | Global |