Global LED Lighting Market Outlook, 2028

Global LED Lighting Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.

Featured Companies

  • 1. General Electric Company
  • 2. Havells India Limited
  • 3. Panasonic Corporation
  • 4. Samsung Electronics Co., Limited
  • 5. Syska LED Lights Private Limited
  • 6. Wipro Consumer Care & Lighting Limited
  • 7. Koninklijke Philips
  • 8. LG Electronic
  • 9. Signify Holding
  • More...

LEDs operate at low energy input while providing high illumination, which is why they are widely used in both outdoor and indoor settings. LEDs offer designers design flexibility as well as the ability to withstand frequent switching. Rising consumer awareness of the benefits of LED lighting, as well as a shift toward green lighting, are expected to drive demand for LED products. The thriving lighting industry contributes the most to the rising demand for energy-efficient products and LED-based modifications to existing lighting products. Furthermore, technological advancements and rising environmental concerns have accelerated the growth of the LED lighting market. Other major factors driving the growth of the LED lighting market include competitive manufacturing costs, high economic growth rates, and large-scale industrial constructions in the residential and commercial segments. Furthermore, increasing construction activities in developed and developing countries, along with stringent government regulations to lower the adoption of inefficient lighting technologies, are the major factors expected to drive the market. LED lights offer high-lumen power by consuming less power, having better service life, and no flickering. Also, LED manufacturers are focused on integrating solutions such as Wi-Fi, occupancy sensor, and day-lighting which is attracting consumers in turn responsible to increase product sales. These factors are contributing to the market growth.

According to the research report, “Global LED Lighting Market Outlook, 2028” published by Bonafide Research, the market is anticipated to reach a market size of USD 157 Billion during the forecast period, increasing from USD 78.94 Billion in 2022 with an expected CAGR of 12.34%. LED lighting is being adopted widely in nations all around the world. For instance, New York intended to switch to LEDs for 250,000 of its streetlights, which was to be followed by the switchover of the urban areas' decorative lighting. More than 3,000 smart streetlights based on LED technology were installed in Barcelona (Spain), and they collect data on noise, humidity, pollution, and other environmental factors. Additionally, the US Department of Energy (DOE) predicted that by 2020, light-emitting diodes would make up more than 75% of exports of outdoor luminaires (LEDs). Furthermore, assuming LED luminaire efficacy increases by an additional 50% over current levels by 2020. The increasing usage of LEDs is being fuelled by consumer concern for the environment, the robustness of these lights, and government mandates for energy efficiency. For instance, the Chennai Airport purchased six sets of LED base lights for disaster assistance as part of its green measures to make its lighting and fixtures more energy-efficient.

LED Lighting Market

The LED lighting market has enormous potential in the Asia Pacific region, and it is anticipated that consumers would accept these systems as an integral part of digitalized households. Increasing construction activities in the Asia Pacific contribute significantly to the growth of the LED lighting market in the region. The thriving electrical and electronics industry in the Asia Pacific also supports the growth of the LED lighting market. In the last few years, LED lighting has become the dominant artificial light source and is preferred over all the conventional light sources such as incandescent bulbs, CFL and fluorescent lamps, high-pressure sodium lamps, and metal halide lamps in the region. The LED lighting market in the Rest of the World is growing slowly compared to other regions; however, emerging economies such as South Africa and the GCC countries in the Middle East are expected to contribute to the market growth in the coming years.

According to the report, the global market is segregated into two product types including lamps and luminaries. Among them, luminaries hold a higher market share in the analytical year. LED luminaires comprise the lights used on high bays, track lights, streetlights, etc. Rising smart city projects, coupled with increasing commercial construction activities are resulting in the new installation of streetlights and track lights which is a primary reason to support the segment growth. On the other hand, the LED lamp segment is anticipated to register the highest CAGR over the forecast period owing to the increasing adoption of LED lamps in the residential sector. LED lamps are available in various designs and provide benefits such as better energy efficiency and high stability compared to other solutions such as incandescent lamps and CFLs. Likewise, the government's approach toward rising LED awareness among consumers to lower/manage energy usage is a factor expected to support the target market growth.

Further, based on application, the global market is segmented into two parts including indoor and outdoor. Among them, indoor application leads the market with more than 65% share in 2022. This can be attributed to increasing demand from supermarkets, malls, and retail stores for efficient lighting solutions compared to fluorescent and High-Intensity Discharge (HID). LED lighting solution save more light, emits less heat and is cost-effective compared to other lights solution. Likewise, high demand from hospitals and educational institutes is expected to support the segment's growth. However, the outdoor segment is expected to witness moderate growth over the forecast period. This can be attributed to increasing infrastructure development projects related to airports, highways, and public places. In addition, increasing government initiatives to attain net-zero emission by lowering energy consumption is expected to increase demand for LEDs lights for outdoor applications. Based on the distribution channel, the retail/wholesale segment is leading the market with more than half of the market share in 2022.

According to the report, the market is further segregated into two installation types including new and retrofit. The retrofit installation category is expected to register a higher CAGR, over 12%, during the forecast period. This can be attributed to the mushrooming replacement of incandescent and sodium-vapor lamps with LEDs in various countries such as Japan, India, China, South Korea, the U.A.E., and the U.S. Moreover, with the phasing out of incandescent bulbs in these nations, the demand for lamps for retrofit installation is rising, which fortifies the sales in this category. Furthermore, LEDs use much less energy as compared to incandescent bulbs because diode light is highly power-efficient than filament light. With performance improvements and plummeting prices, they are affordably and effectively replacing 40, 60, 75, and 100 W incandescent bulbs on a large scale. For instance, A-lamps can easily fit into the old sockets of incandescent bulbs, due to which consumers are increasingly demanding these lamps in the residential and commercial sectors.

Covid-19 Impacts:
The COVID-19 pandemic spread quickly, and its impact was felt globally in supply chains. This factor had a negative impact on global economic activity. However, due to the closure of manufacturing units of light-emitting diode manufacturers in China, the United States, and European countries, the global market is expected to show a moderate decline in 2020 and positive growth going forward. This posed a challenge to the global transfer of industrial production. Several cases have been reported in China since the coronavirus outbreak began in December 2019. Light-emitting diode manufacturers, like other manufacturing sectors, were heavily reliant on Chinese companies for raw materials. China is the world's first economy to be primarily affected by the coronavirus, forcing all production units to close. However, as the use of energy-efficient lighting systems increased in developing countries, so did the installation of light-emitting diodes in commercial and residential spaces such as smart homes, warehouses, retail stores, and factories. China, India, Saudi Arabia, Germany, and South Africa are seeing a rapid increase in the use of such diode lamps and luminaries, which has resulted in an increase in the installation of these diode systems. Furthermore, many governmental and non-governmental organizations, such as the Energy Conservation Society and the International Energy Conservation Corporation, have defined various laws to reduce lighting consumption and increase energy savings, which has fuelled the global market.

Recent Developments:
• In February 2021, Orient Electric announced the launch of its emergency LED lights solutions which provide backup lighting for up to 4 hours during a power outage. The range includes LED Bulbs, LED Batten, LED Recess Panel, and Bulkhead.
• On 1st October 2021, General Electric Company partnered with True Value. True Value is the only hardware channel distributor of GE.
• In January 2021, Sensor Electronic Technology (SETi) and Seoul Viosys, the leading global providers of LED technology and subsidiaries of Seoul Semiconductor, partnered together to launch their new Violeds technology that can quickly and effectively kill 99.437% of SARS-CoV-2 in less than one second. The testing was conducted in December 2020 through KR Biotech, a South Korea-based research institute specializing in sterilization testing of the new coronavirus.
• In May 2022, Syska LED announced the release of an LED Recessed SMD downlight, the lighting solution has numerous end-use cases, provides bright illumination, and is available in a wide range of watts.
• In 2019, Integrated Device Technology Inc. (IDT), a subsidiary of Renesas Electronics Corporation, started conducting two intelligent street projects in Malaysia. The projects involve the replacement of sodium-vapor bulbs with LEDs for street applications.
• May 2022 - SYSKA LED introduced the Syska LED Recessed SMD Downlight (Glowslick-SSK-SLP). This is an ideal lighting solution for indoor applications because it can be used in stores, malls, homes, showrooms, and office spaces.
• February 2022 - Signify entered a partnership with Gerard Lighting Group, a manufacturer of electrical lighting products. This acquisition aimed at strengthening its position in the lighting markets of Australia and New Zealand, as well as to provide growth opportunities, such as those between Pierlite's luminaire offerings and Signify's connected lighting solutions.

Partnerships, Collaborations, and Agreements
• Apr 2021: Heliospectra got a new order from G&M Family Farm in Freshwater, NL, Canada. MITRA by Heliospectra is the horticulture market's first modular LED light. It is developed by Growers for Growers, MITRA is a perfect solution for high-light crops, boosting high-intensity light output and electrical efficiency of up to 2.8 µmol/J.
• Mar 2021: Signify partnered with National Hockey League. Under this partnership, Signify became the preferred lighting partner for NHL arenas and possibly thousands of rinks in North America. In addition, Signify aims to lead to all sorts of lighting projects that include glare-resistant ice illumination, Internet of Things (IoT) systems, atmosphere, and ultraviolet C-band (UV-C) disinfection.
• Jan 2021: Dialight entered into an agreement with TTI, a leading distributor of electronic components. Under this agreement, TTI became an authorized distributor of Dialight LED board and panel mount indication products.
Mergers and Acquisitions
• Mar 2020: Signify acquired Cooper Lighting Solutions from Eaton. This acquisition aimed to strengthen Signify’s market position and improve the position of the company to capture growth in the North American lighting market.
• Sep-2019: Acuity Brands Lighting, a subsidiary of Acuity Brands acquired The Luminaires Group, a leading provider of specification-grade luminaires for commercial, institutional, hospitality, and municipal markets. The acquisition aimed to strengthen the portfolio of Acuity Brands.
• Jun 2019: Acuity Brands took over WhiteOptics, a DE-based manufacturer of advanced optical components. The acquisition aimed to support the market trends toward lower glare LED solutions, which also fulfill stringent energy needs.
• May 2018: Acuity Brands completed the acquisition of IOTA Engineering, a Tucson, AZ-based manufacturer of highly engineered emergency lighting products and power equipment for commercial and institutional applications. This acquisition focused on supporting the expansive smart building and lighting solutions strategy of Acuity.

Product Launches and Product Expansions
• 2022 - Toyota Gosei Co. Ltd - Developed full-color LED lamps that infuse vehicle interiors with colored light. The hue can be changed freely from among 64 colors to suit the user’s mood and respond in various other ways to individual preferences
• 2022 - LG Innotek - LG Innotek announced that it had developed ‘Nexlide-E,’ an automotive lighting module that produces bright and uniform light.
• Apr-2021: Heliospectra launched helioCORE 2.0. It is newly upgraded state-of-the-art plant science software for leading commercial growers & research institutions across the globe.

Major Companies present in the market:
Samsung, Koninklijke Philips Nv, Panasonic Corporation, Opple Lighting Co. Limited, Osram Licht Ag, Valeo Sa, General Electric Company, Hubbell Incorporated, Magneti Marelli Spa, Seoul Semiconductor, Havells India Limited, Signify Holding, Acuity Brands Lighting Inc., Stanley Electric Co. Ltd, NVC Lighting Technology Corporation, Cree Inc, Siteco Gmbh, Syska Led Lights Private Limited, Wipro Lighting, Everlight Electronics Co. Ltd, LG Electronics

Considered in this report
• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Global LED Lighting market with its value and forecast along with its segments
• Region-wise LED Lighting market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions & Countries covered in the report:
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle East & Africa (UAE, Saudi Arabia, South Africa)

By Product:
• Lamps
• Luminaries

By Application:
• Indoor
• Outdoor

By Sales Channel:
• Retail/Wholesale
• Direct Sale
• E-commerce

By Installation Type:
• New
• retrofit

 

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. 

 

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the LED lighting industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.



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Companies Mentioned

  • General Electric Company
  • Havells India Limited
  • Panasonic Corporation
  • Samsung Electronics Co., Limited
  • Syska LED Lights Private Limited
  • Wipro Consumer Care & Lighting Limited
  • Koninklijke Philips
  • LG Electronic
  • Signify Holding
  • OSRAM GmbH.
  • Everlight Electronics co. Ltd
  • Opple Lighting Co. Limited
  • Valeo Sa
  • Hubbell Incorporated
  • Magneti Marelli Spa
  • Seoul Semiconductor
  • Acuity Brands Lighting Inc.
  • Stanley Electric Co ltd
  • Nvc Lighting Technology Corporation
  • Wolfspeed, Inc.
  • Syska Led Lights Private Limited

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers
  • 2.2. Challenges
  • 2.3. Opportunity
  • 2.4. Restraints
  • 2.5. Market Trends
  • 2.6. Covid-19 Effect
  • 2.7. Supply chain Analysis
  • 2.8. Policy & Regulatory Framework
  • 2.9. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Competitive Landscape
  • 6.1. Competitive Dashboard
  • 6.2. Business Strategies Adopted by Key Players
  • 6.3. Key Players Market Share Insights and Analysis, 2022
  • 6.4. Key Players Market Positioning Matrix
  • 6.5. Consolidated SWOT Analysis of Key Players
  • 6.6. Porter's Five Forces
  • 7. Global LED Lighting Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Size and Forecast, By Geography
  • 7.3. Market Size and Forecast, By Product Type
  • 7.4. Market Size and Forecast, By Application
  • 7.5. Market Size and Forecast, By Sales Channel
  • 7.6. Market Size and Forecast, By Installation Type
  • 8. North America LED Lighting Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast By Product Type
  • 8.4. Market Size and Forecast By Application
  • 8.5. Market Size and Forecast By Sales Channel
  • 8.6. Market Size and Forecast By Installation Type
  • 8.7. US LED Lighting Market Outlook
  • 8.7.1. Market Size By Value
  • 8.7.2. Market Size and Forecast By Product Type
  • 8.7.3. Market Size and Forecast By Application
  • 8.7.4. Market Size and Forecast By Sales Channel
  • 8.7.5. Market Size and Forecast By Installation Type
  • 8.8. Canada LED Lighting Market Outlook
  • 8.8.1. Market Size By Value
  • 8.8.2. Market Size and Forecast By Product Type
  • 8.8.3. Market Size and Forecast By Application
  • 8.8.4. Market Size and Forecast By Sales Channel
  • 8.8.5. Market Size and Forecast By Installation Type
  • 8.9. Mexico LED Lighting Market Outlook
  • 8.9.1. Market Size By Value
  • 8.9.2. Market Size and Forecast By Product Type
  • 8.9.3. Market Size and Forecast By Application
  • 8.9.4. Market Size and Forecast By Sales Channel
  • 8.9.5. Market Size and Forecast By Installation Type
  • 9. Europe LED Lighting Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast By Product Type
  • 9.4. Market Size and Forecast By Application
  • 9.5. Market Size and Forecast By Sales Channel
  • 9.6. Market Size and Forecast By Installation Type
  • 9.7. Germany LED Lighting Market Outlook
  • 9.7.1. Market Size By Value
  • 9.7.2. Market Size and Forecast By Product Type
  • 9.7.3. Market Size and Forecast By Application
  • 9.7.4. Market Size and Forecast By Sales Channel
  • 9.7.5. Market Size and Forecast By Installation Type
  • 9.8. UK LED Lighting Market Outlook
  • 9.8.1. Market Size By Value
  • 9.8.2. Market Size and Forecast By Product Type
  • 9.8.3. Market Size and Forecast By Application
  • 9.8.4. Market Size and Forecast By Sales Channel
  • 9.8.5. Market Size and Forecast By Installation Type
  • 9.9. France LED Lighting Market Outlook
  • 9.9.1. Market Size By Value
  • 9.9.2. Market Size and Forecast By Product Type
  • 9.9.3. Market Size and Forecast By Application
  • 9.9.4. Market Size and Forecast By Sales Channel
  • 9.9.5. Market Size and Forecast By Installation Type
  • 9.10. Italy LED Lighting Market Outlook
  • 9.10.1. Market Size By Value
  • 9.10.2. Market Size and Forecast By Product Type
  • 9.10.3. Market Size and Forecast By Application
  • 9.10.4. Market Size and Forecast By Sales Channel
  • 9.10.5. Market Size and Forecast By Installation Type
  • 9.11. Spain LED Lighting Market Outlook
  • 9.11.1. Market Size By Value
  • 9.11.2. Market Size and Forecast By Product Type
  • 9.11.3. Market Size and Forecast By Application
  • 9.11.4. Market Size and Forecast By Sales Channel
  • 9.11.5. Market Size and Forecast By Installation Type
  • 9.12. Russia LED Lighting Market Outlook
  • 9.12.1. Market Size By Value
  • 9.12.2. Market Size and Forecast By Product Type
  • 9.12.3. Market Size and Forecast By Application
  • 9.12.4. Market Size and Forecast By Sales Channel
  • 9.12.5. Market Size and Forecast By Installation Type
  • 10. Asia-Pacific LED Lighting Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Country
  • 10.3. Market Size and Forecast By Product Type
  • 10.4. Market Size and Forecast By Application
  • 10.5. Market Size and Forecast By Sales Channel
  • 10.6. Market Size and Forecast By Installation Type
  • 10.7. China LED Lighting Market Outlook
  • 10.7.1. Market Size By Value
  • 10.7.2. Market Size and Forecast By Product Type
  • 10.7.3. Market Size and Forecast By Application
  • 10.7.4. Market Size and Forecast By Sales Channel
  • 10.7.5. Market Size and Forecast By Installation Type
  • 10.8. Japan LED Lighting Market Outlook
  • 10.8.1. Market Size By Value
  • 10.8.2. Market Size and Forecast By Product Type
  • 10.8.3. Market Size and Forecast By Application
  • 10.8.4. Market Size and Forecast By Sales Channel
  • 10.8.5. Market Size and Forecast By Installation Type
  • 10.9. India LED Lighting Market Outlook
  • 10.9.1. Market Size By Value
  • 10.9.2. Market Size and Forecast By Product Type
  • 10.9.3. Market Size and Forecast By Application
  • 10.9.4. Market Size and Forecast By Sales Channel
  • 10.9.5. Market Size and Forecast By Installation Type
  • 10.10. Australia LED Lighting Market Outlook
  • 10.10.1. Market Size By Value
  • 10.10.2. Market Size and Forecast By Product Type
  • 10.10.3. Market Size and Forecast By Application
  • 10.10.4. Market Size and Forecast By Sales Channel
  • 10.10.5. Market Size and Forecast By Installation Type
  • 10.11. South Korea LED Lighting Market Outlook
  • 10.11.1. Market Size By Value
  • 10.11.2. Market Size and Forecast By Product Type
  • 10.11.3. Market Size and Forecast By Application
  • 10.11.4. Market Size and Forecast By Sales Channel
  • 10.11.5. Market Size and Forecast By Installation Type
  • 11. South America LED Lighting Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market Share By Country
  • 11.3. Market Size and Forecast By Product Type
  • 11.4. Market Size and Forecast By Application
  • 11.5. Market Size and Forecast By Sales Channel
  • 11.6. Market Size and Forecast By Installation Type
  • 11.7. Brazil LED Lighting Market Outlook
  • 11.7.1. Market Size By Value
  • 11.7.2. Market Size and Forecast By Product Type
  • 11.7.3. Market Size and Forecast By Application
  • 11.7.4. Market Size and Forecast By Sales Channel
  • 11.7.5. Market Size and Forecast By Installation Type
  • 11.8. Argentina LED Lighting Market Outlook
  • 11.8.1. Market Size By Value
  • 11.8.2. Market Size and Forecast By Product Type
  • 11.8.3. Market Size and Forecast By Application
  • 11.8.4. Market Size and Forecast By Sales Channel
  • 11.8.5. Market Size and Forecast By Installation Type
  • 11.9. Columbia LED Lighting Market Outlook
  • 11.9.1. Market Size By Value
  • 11.9.2. Market Size and Forecast By Product Type
  • 11.9.3. Market Size and Forecast By Application
  • 11.9.4. Market Size and Forecast By Sales Channel
  • 11.9.5. Market Size and Forecast By Installation Type
  • 12. Middle East & Africa LED Lighting Market Outlook
  • 12.1. Market Size By Value
  • 12.2. Market Share By Country
  • 12.3. Market Size and Forecast By Product Type
  • 12.4. Market Size and Forecast By Application
  • 12.5. Market Size and Forecast By Sales Channel
  • 12.6. Market Size and Forecast By Installation Type
  • 12.7. UAE LED Lighting Market Outlook
  • 12.7.1. Market Size By Value
  • 12.7.2. Market Size and Forecast By Product Type
  • 12.7.3. Market Size and Forecast By Application
  • 12.7.4. Market Size and Forecast By Sales Channel
  • 12.7.5. Market Size and Forecast By Installation Type
  • 12.8. Saudi Arabia LED Lighting Market Outlook
  • 12.8.1. Market Size By Value
  • 12.8.2. Market Size and Forecast By Product Type
  • 12.8.3. Market Size and Forecast By Application
  • 12.8.4. Market Size and Forecast By Sales Channel
  • 12.8.5. Market Size and Forecast By Installation Type
  • 12.9. South Africa LED Lighting Market Outlook
  • 12.9.1. Market Size By Value
  • 12.9.2. Market Size and Forecast By Product Type
  • 12.9.3. Market Size and Forecast By Application
  • 12.9.4. Market Size and Forecast By Sales Channel
  • 12.9.5. Market Size and Forecast By Installation Type
  • 13. Company Profile
  • 13.1. Samsung
  • 13.1.1. Company Snapshot
  • 13.1.2. Company Overview
  • 13.1.3. Financial Highlights
  • 13.1.4. Geographic Insights
  • 13.1.5. Business Segment & Performance
  • 13.1.6. Product Portfolio
  • 13.1.7. Key Executives
  • 13.1.8. Strategic Moves & Developments
  • 13.2. Koninklijke Philips Nv
  • 13.3. Panasonic Corporation
  • 13.4. Opple Lighting Co. Limited
  • 13.5. Osram Licht Ag
  • 13.6. Valeo Sa
  • 13.7. General Electric Company
  • 13.8. Hubbell Incorporated
  • 13.9. Magneti Marelli Spa
  • 13.10. Seoul Semiconductor
  • 13.11. Havells India Limited
  • 13.12. Signify Holding
  • 13.13. Acuity Brands Lighting Inc.
  • 13.14. Stanley Electric Co. Ltd
  • 13.15. Nvc Lighting Technology Corporation
  • 13.16. Wolfspeed, Inc
  • 13.17. Siteco Gmbh
  • 13.18. Syska Led Lights Private Limited
  • 13.19. Wipro Lighting
  • 13.20. Everlight Electronics Co, Ltd
  • 13.21. LG Electronics
  • 14. Strategic Recommendations
  • 15. Annexure
  • 15.1. FAQ`s
  • 15.2. Notes
  • 15.3. Related Reports
  • 16. Disclaimer

List of Table

Table 1: Global LED Lighting Market Snapshot, By Segmentation (2022 & 2028) (in USD Billion)
Table 2: Influencing Factors for Global LED Lighting Market, 2022
Table 3: Top 10 Counties Economic Snapshot 2020
Table 4: Economic Snapshot of Other Prominent Countries 2020
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global LED Lighting Market Size and Forecast, By Geography (2017 to 2028F) (In USD Billion)
Table 7: Global LED Lighting Market Size and Forecast, By Product Type (2017 to 2028F) (In USD Billion)
Table 8: Global LED Lighting Market Size and Forecast, By Application (2017 to 2028F) (In USD Billion)
Table 9: Global LED Lighting Market Size and Forecast, By Sales Channel (2017 to 2028F) (In USD Billion)
Table 10: Global LED Lighting Market Size and Forecast, By Installation Type (2017 to 2028F) (In USD Billion)
Table 11: North America LED Lighting Market Size and Forecast By Product Type (2017 to 2028F) (In USD Billion)
Table 12: North America LED Lighting Market Size and Forecast By Application (2017 to 2028F) (In USD Billion)
Table 13: North America LED Lighting Market Size and Forecast By Sales Channel (2017 to 2028F) (In USD Billion)
Table 14: North America LED Lighting Market Size and Forecast By Installation Type (2017 to 2028F) (In USD Billion)
Table 15: US LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 16: US LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 17: US LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 18: US LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 19: Canada LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 20: Canada LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 21: Canada LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 22: Canada LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 23: Mexico LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 24: Mexico LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 25: Mexico LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 26: Mexico LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 27: Europe LED Lighting Market Size and Forecast By Product Type (2017 to 2028F) (In USD Billion)
Table 28: Europe LED Lighting Market Size and Forecast By Application (2017 to 2028F) (In USD Billion)
Table 29: Europe LED Lighting Market Size and Forecast By Sales Channel (2017 to 2028F) (In USD Billion)
Table 30: Europe LED Lighting Market Size and Forecast By Installation Type (2017 to 2028F) (In USD Billion)
Table 31: Germany LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 32: Germany LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 33: Germany LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 34: Germany LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 35: UK LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 36: UK LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 37: UK LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 38: UK LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 39: France LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 40: France LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 41: France LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 42: France LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 43: Italy LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 44: Italy LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 45: Italy LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 46: Italy LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 47: Spain LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 48: Spain LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 49: Spain LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 50: Spain LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 51: Russia LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 52: Russia LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 53: Russia LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 54: Russia LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 55: Asia-Pacific LED Lighting Market Size and Forecast By Product Type (2017 to 2028F) (In USD Billion)
Table 56: Asia-Pacific LED Lighting Market Size and Forecast By Application (2017 to 2028F) (In USD Billion)
Table 57: Asia-Pacific LED Lighting Market Size and Forecast By Sales Channel (2017 to 2028F) (In USD Billion)
Table 58: Asia-Pacific LED Lighting Market Size and Forecast By Installation Type (2017 to 2028F) (In USD Billion)
Table 59: China LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 60: China LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 61: China LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 62: China LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 63: Japan LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 64: Japan LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 65: Japan LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 66: Japan LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 67: India LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 68: India LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 69: India LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 70: India LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 71: Australia LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 72: Australia LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 73: Australia LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 74: Australia LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 75: South Korea LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 76: South Korea LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 77: South Korea LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 78: South Korea LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 79: South America LED Lighting Market Size and Forecast By Product Type (2017 to 2028F) (In USD Billion)
Table 80: South America LED Lighting Market Size and Forecast By Application (2017 to 2028F) (In USD Billion)
Table 81: South America LED Lighting Market Size and Forecast By Sales Channel (2017 to 2028F) (In USD Billion)
Table 82: South America LED Lighting Market Size and Forecast By Installation Type (2017 to 2028F) (In USD Billion)
Table 83: Brazil LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 84: Brazil LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 85: Brazil LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 86: Brazil LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 87: Argentina LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 88: Argentina LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 89: Argentina LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 90: Argentina LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 91: Columbia LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 92: Columbia LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 93: Columbia LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 94: Columbia LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 95: Middle East & Africa LED Lighting Market Size and Forecast By Product Type (2017 to 2028F) (In USD Billion)
Table 96: Middle East & Africa LED Lighting Market Size and Forecast By Application (2017 to 2028F) (In USD Billion)
Table 97: Middle East & Africa LED Lighting Market Size and Forecast By Sales Channel (2017 to 2028F) (In USD Billion)
Table 98: Middle East & Africa LED Lighting Market Size and Forecast By Installation Type (2017 to 2028F) (In USD Billion)
Table 99: UAE LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 100: UAE LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 101: UAE LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 102: UAE LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 103: Saudi Arabia LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 104: Saudi Arabia LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 105: Saudi Arabia LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 106: Saudi Arabia LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)
Table 107: South Africa LED Lighting Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 108: South Africa LED Lighting Market Size and Forecast By Application (2017, 2022 & 2028F)
Table 109: South Africa LED Lighting Market Size and Forecast By Sales Channel (2017, 2022 & 2028F)
Table 110: South Africa LED Lighting Market Size and Forecast By Installation Type (2017, 2022 & 2028F)

List of Figures

Figure 1: Global LED Lighting Market Size (USD Billion) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Product Type 2028
Figure 4: Competitive Dashboard of top 5 players, 2022
Figure 5: Market Share insights of key players, 2022
Figure 6: Porter's Five Forces of Global LED Lighting Market
Figure 7: Global LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 8: Global LED Lighting Market Share By Region (2022)
Figure 9: North America LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 10: North America LED Lighting Market Share By Country (2022)
Figure 11: US LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 12: Canada LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 13: Mexico LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 14: Europe LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 15: Europe LED Lighting Market Share By Country (2022)
Figure 16: Germany LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 17: UK LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 18: France LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 19: Italy LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 20: Spain LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 21: Russia LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 22: Asia-Pacific LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 23: Asia-Pacific LED Lighting Market Share By Country (2022)
Figure 24: China LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 25: Japan LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 26: India LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 27: Australia LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 28: South Korea LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 29: South America LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 30: South America LED Lighting Market Share By Country (2022)
Figure 31: Brazil LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 32: Argentina LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 33: Columbia LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 34: Middle East & Africa LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 35: Middle East & Africa LED Lighting Market Share By Country (2022)
Figure 36: UAE LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 37: Saudi Arabia LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 38: South Africa LED Lighting Market Size By Value (2017, 2022 & 2028F) (in USD Billion)

Feed Phosphate Market Research FAQs

Asia Pacific is likely to lead the LED lighting market during the forecast period.

Factors such as increase in demand for cost-effective and energy-saving LED lighting, government campaign toward LED use to curb cost & pollution, and increase in need for replacing traditional lighting fuel growth of the LED market.

LED lights continue to trend in 2022 as designers look for ways to incorporate more lighting controls, luminosity, hues, durability, and energy-saving efficiencies. As inefficient bulbs are replaced by LEDs, many unique lighting styles are going to change and go away.

300 watt Aries 3 E39 LED Light Bulb: This is the brightest Light bulb made. It has almost 40,000 lumens with a high efficiency of 138 lumen/watt. It also provides 360 degree lighting and is ideal for replacement of 1000 watt HID/HPS/Metal halide or CFL fixtures.

The new lighting trend toward the use of sustainable and natural materials continues into 2022 and lighting is no exception. Natural materials such as wood, glass, bamboo, fabric, seagrass, leather, and even paper have been seen previously. In 2022, we'll see even more use of twine, rope, burlap, and wood beads.
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Global LED Lighting Market Outlook, 2028

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