The global market for LED Lighting is estimated at US$58.6 Billion in 2023 and is projected to reach US$94.0 Billion by 2030, growing at a CAGR of 7.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the LED Lamps segment, which is expected to reach US$36.3 Billion by 2030 with a CAGR of a 7.7%. The LED Luminaires segment is also set to grow at 6.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $9.4 Billion in 2023, 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 2023 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 major players such as Acuity Brands Lighting Inc., Cree Lighting, Dialight PLC, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 190 Featured):
- 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 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 | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 58.6 Billion |
| Forecasted Market Value ( USD | $ 94 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
