Industry: Consumer Goods
Published Date: 2024-11-01
Pages: 89 Pages
Report ld: 2153944
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LED Lighting Market Size(US$)

CAGR 2024-2030
3.8%
Market Size,2030
USD 28,350
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
LED lighting, or Lighting Emitting Diode lighting, is a semiconductor solid-state light-emitting device. It uses solid semiconductor chips as luminescent materials, and emits photons by the excess energy released by the recombination of carriers in the semiconductor, thereby directly emitting red, yellow, blue, green and other colors of light. On this basis, by using the principle of three primary colors and adding phosphors, light of any color can be emitted.
The global LED Lighting market was valued at US$ 23730 million in 2023 and is anticipated to reach US$ 28350 million by 2030, witnessing a CAGR of 3.8% during the forecast period 2024-2030.
Benefiting from the global emphasis on energy conservation and environmental protection, LED lighting, as a high-efficiency, low-energy lighting solution, has gradually replaced traditional lighting products. Against this backdrop, the LED lighting industry has ushered in new opportunities, especially with increasing investment in sustainable development and smart lighting. At the same time, with the advancement of technology, the cost of LED products has gradually decreased, making them more competitive in the market.
From a regional perspective, the Chinese market has changed rapidly in the past few years. The market size in 2023 was US$5.454 billion, accounting for 22.99% of the world, and is expected to reach US$6.692 billion in 2030, when the global share will reach 23.61%. This growth reflects China's continuous progress in the research and development of LED lighting technology and market application, especially in the rapid expansion of smart home and urban lighting. The rapid growth of the Chinese market has also attracted more and more international manufacturers to invest and cooperate, further promoting the development of the industry.
At present, the global market is mainly dominated by manufacturers in the United States and China. The world's leading LED lighting manufacturers mainly include Acuity Brands, Panasonic and Mulinsen, and the top three manufacturers account for 23.07% of the global market share.
However, the global LED lighting market also faces many challenges. In 2023, the industry faces dual pressures from the international and domestic environments. The instability of the international market, rising energy prices, rising freight rates between Asia and Europe, and global inflation caused by interest rate hikes in Europe and the United States have all dealt a heavy blow to the export of the LED lighting industry. In addition, the domestic market is also affected by real estate regulation policies, and weak market demand has limited the growth of the lighting industry. Under the combined effect of this series of factors, the industry is facing unprecedented difficulties and challenges.
In the increasingly competitive LED lighting terminal market, the replacement market has gradually shrunk, causing companies to face the risk of increased inventory pressure. As the life of LED lighting products has been extended, many consumers no longer frequently replace lighting equipment, resulting in a decline in market demand. In addition, the improvement of the automation level of the lighting industry has lowered the threshold for expansion, resulting in an increase in the number of listed companies in China, which has led to the problem of overcapacity. Faced with the decline in demand from international and domestic end customers, the industry has been under increasing pressure to destock, and the prices of LED lighting products have continued to fall, further weakening the profitability of the market.
This report aims to provide a comprehensive presentation of the global market for LED Lighting, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LED Lighting.
The LED Lighting market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global LED Lighting market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the LED Lighting companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of LED Lighting company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
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Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
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TABLE OF CONTENTS
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global LED Lighting Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Indoor LED Lighting
1.2.3 Outdoor LED Lighting
1.3 Market by Application
1.3.1 Global LED Lighting Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Home
1.3.3 Industrial
1.3.4 Commercial
1.3.5 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global LED Lighting Market Perspective (2019-2030)
2.2 Global LED Lighting Growth Trends by Region
2.2.1 Global LED Lighting Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 LED Lighting Historic Market Size by Region (2019-2024)
2.2.3 LED Lighting Forecasted Market Size by Region (2025-2030)
2.3 LED Lighting Market Dynamics
2.3.1 LED Lighting Industry Trends
2.3.2 LED Lighting Market Drivers
2.3.3 LED Lighting Market Challenges
2.3.4 LED Lighting Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top LED Lighting Players by Revenue
3.1.1 Global Top LED Lighting Players by Revenue (2019-2024)
3.1.2 Global LED Lighting Revenue Market Share by Players (2019-2024)
3.2 Global LED Lighting Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by LED Lighting Revenue
3.4 Global LED Lighting Market Concentration Ratio
3.4.1 Global LED Lighting Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by LED Lighting Revenue in 2023
3.5 Global Key Players of LED Lighting Head office and Area Served
3.6 Global Key Players of LED Lighting, Product and Application
3.7 Global Key Players of LED Lighting, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 LED Lighting Breakdown Data by Type
4.1 Global LED Lighting Historic Market Size by Type (2019-2024)
4.2 Global LED Lighting Forecasted Market Size by Type (2025-2030)
5 LED Lighting Breakdown Data by Application
5.1 Global LED Lighting Historic Market Size by Application (2019-2024)
5.2 Global LED Lighting Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America LED Lighting Market Size (2019-2030)
6.2 North America LED Lighting Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America LED Lighting Market Size by Country (2019-2024)
6.4 North America LED Lighting Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe LED Lighting Market Size (2019-2030)
7.2 Europe LED Lighting Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe LED Lighting Market Size by Country (2019-2024)
7.4 Europe LED Lighting Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific LED Lighting Market Size (2019-2030)
8.2 Asia-Pacific LED Lighting Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Asia-Pacific LED Lighting Market Size by Region (2019-2024)
8.4 Asia-Pacific LED Lighting Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America LED Lighting Market Size (2019-2030)
9.2 Latin America LED Lighting Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America LED Lighting Market Size by Country (2019-2024)
9.4 Latin America LED Lighting Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa LED Lighting Market Size (2019-2030)
10.2 Middle East & Africa LED Lighting Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa LED Lighting Market Size by Country (2019-2024)
10.4 Middle East & Africa LED Lighting Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Acuity Brands
11.1.1 Acuity Brands Company Details
11.1.2 Acuity Brands Business Overview
11.1.3 Acuity Brands LED Lighting Introduction
11.1.4 Acuity Brands Revenue in LED Lighting Business (2019-2024)
11.1.5 Acuity Brands Recent Development
11.2 Panasonic
11.2.1 Panasonic Company Details
11.2.2 Panasonic Business Overview
11.2.3 Panasonic LED Lighting Introduction
11.2.4 Panasonic Revenue in LED Lighting Business (2019-2024)
11.2.5 Panasonic Recent Development
11.3 MULINSEN
11.3.1 MULINSEN Company Details
11.3.2 MULINSEN Business Overview
11.3.3 MULINSEN LED Lighting Introduction
11.3.4 MULINSEN Revenue in LED Lighting Business (2019-2024)
11.3.5 MULINSEN Recent Development
11.4 Signify
11.4.1 Signify Company Details
11.4.2 Signify Business Overview
11.4.3 Signify LED Lighting Introduction
11.4.4 Signify Revenue in LED Lighting Business (2019-2024)
11.4.5 Signify Recent Development
11.5 Zumtobel
11.5.1 Zumtobel Company Details
11.5.2 Zumtobel Business Overview
11.5.3 Zumtobel LED Lighting Introduction
11.5.4 Zumtobel Revenue in LED Lighting Business (2019-2024)
11.5.5 Zumtobel Recent Development
11.6 Opple Lighting
11.6.1 Opple Lighting Company Details
11.6.2 Opple Lighting Business Overview
11.6.3 Opple Lighting LED Lighting Introduction
11.6.4 Opple Lighting Revenue in LED Lighting Business (2019-2024)
11.6.5 Opple Lighting Recent Development
11.7 Current Lighting Solutions
11.7.1 Current Lighting Solutions Company Details
11.7.2 Current Lighting Solutions Business Overview
11.7.3 Current Lighting Solutions LED Lighting Introduction
11.7.4 Current Lighting Solutions Revenue in LED Lighting Business (2019-2024)
11.7.5 Current Lighting Solutions Recent Development
11.8 Foshan Electrical And Lighting
11.8.1 Foshan Electrical And Lighting Company Details
11.8.2 Foshan Electrical And Lighting Business Overview
11.8.3 Foshan Electrical And Lighting LED Lighting Introduction
11.8.4 Foshan Electrical And Lighting Revenue in LED Lighting Business (2019-2024)
11.8.5 Foshan Electrical And Lighting Recent Development
11.9 Pak
11.9.1 Pak Company Details
11.9.2 Pak Business Overview
11.9.3 Pak LED Lighting Introduction
11.9.4 Pak Revenue in LED Lighting Business (2019-2024)
11.9.5 Pak Recent Development
11.10 Savant Systems
11.10.1 Savant Systems Company Details
11.10.2 Savant Systems Business Overview
11.10.3 Savant Systems LED Lighting Introduction
11.10.4 Savant Systems Revenue in LED Lighting Business (2019-2024)
11.10.5 Savant Systems Recent Development
11.11 YANKON
11.11.1 YANKON Company Details
11.11.2 YANKON Business Overview
11.11.3 YANKON LED Lighting Introduction
11.11.4 YANKON Revenue in LED Lighting Business (2019-2024)
11.11.5 YANKON Recent Development
11.12 Sharp
11.12.1 Sharp Company Details
11.12.2 Sharp Business Overview
11.12.3 Sharp LED Lighting Introduction
11.12.4 Sharp Revenue in LED Lighting Business (2019-2024)
11.12.5 Sharp Recent Development
11.13 Cree Lighting
11.13.1 Cree Lighting Company Details
11.13.2 Cree Lighting Business Overview
11.13.3 Cree Lighting LED Lighting Introduction
11.13.4 Cree Lighting Revenue in LED Lighting Business (2019-2024)
11.13.5 Cree Lighting Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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