The global LED Lighting market size was valued at US$ 24410 million in 2024 and is forecast to a readjusted size of USD 29020 million by 2031 with a CAGR of 3.7% during review period.
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.
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 is a detailed and comprehensive analysis for global LED Lighting market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global LED Lighting market size and forecasts, in consumption value ($ Million), 2020-2031
Global LED Lighting market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global LED Lighting market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global LED Lighting market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for LED Lighting
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global LED Lighting market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Acuity Brands, Panasonic, MULINSEN, Signify, Zumtobel, Opple Lighting, Current Lighting Solutions, Foshan Electrical And Lighting, Pak, Savant Systems, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
麻豆原创 segmentation
LED Lighting market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
麻豆原创 segment by Type
Indoor LED Lighting
Outdoor LED Lighting
麻豆原创 segment by Application
麻豆原创
Industrial
Commercial
Others
麻豆原创 segment by players, this report covers
Acuity Brands
Panasonic
MULINSEN
Signify
Zumtobel
Opple Lighting
Current Lighting Solutions
Foshan Electrical And Lighting
Pak
Savant Systems
YANKON
Sharp
Cree Lighting
麻豆原创 segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe LED Lighting product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of LED Lighting, with revenue, gross margin, and global market share of LED Lighting from 2020 to 2025.
Chapter 3, the LED Lighting competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and LED Lighting market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of LED Lighting.
Chapter 13, to describe LED Lighting research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 麻豆原创 Overview
1.1 Product Overview and Scope
1.2 麻豆原创 Estimation Caveats and Base Year
1.3 Classification of LED Lighting by Type
1.3.1 Overview: Global LED Lighting 麻豆原创 Size by Type: 2020 Versus 2024 Versus 2031
1.3.2 Global LED Lighting Consumption Value 麻豆原创 Share by Type in 2024
1.3.3 Indoor LED Lighting
1.3.4 Outdoor LED Lighting
1.4 Global LED Lighting 麻豆原创 by Application
1.4.1 Overview: Global LED Lighting 麻豆原创 Size by Application: 2020 Versus 2024 Versus 2031
1.4.2 麻豆原创
1.4.3 Industrial
1.4.4 Commercial
1.4.5 Others
1.5 Global LED Lighting 麻豆原创 Size & Forecast
1.6 Global LED Lighting 麻豆原创 Size and Forecast by Region
1.6.1 Global LED Lighting 麻豆原创 Size by Region: 2020 VS 2024 VS 2031
1.6.2 Global LED Lighting 麻豆原创 Size by Region, (2020-2031)
1.6.3 North America LED Lighting 麻豆原创 Size and Prospect (2020-2031)
1.6.4 Europe LED Lighting 麻豆原创 Size and Prospect (2020-2031)
1.6.5 Asia-Pacific LED Lighting 麻豆原创 Size and Prospect (2020-2031)
1.6.6 South America LED Lighting 麻豆原创 Size and Prospect (2020-2031)
1.6.7 Middle East & Africa LED Lighting 麻豆原创 Size and Prospect (2020-2031)
2 Company Profiles
2.1 Acuity Brands
2.1.1 Acuity Brands Details
2.1.2 Acuity Brands Major Business
2.1.3 Acuity Brands LED Lighting Product and Solutions
2.1.4 Acuity Brands LED Lighting Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.1.5 Acuity Brands Recent Developments and Future Plans
2.2 Panasonic
2.2.1 Panasonic Details
2.2.2 Panasonic Major Business
2.2.3 Panasonic LED Lighting Product and Solutions
2.2.4 Panasonic LED Lighting Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.2.5 Panasonic Recent Developments and Future Plans
2.3 MULINSEN
2.3.1 MULINSEN Details
2.3.2 MULINSEN Major Business
2.3.3 MULINSEN LED Lighting Product and Solutions
2.3.4 MULINSEN LED Lighting Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.3.5 MULINSEN Recent Developments and Future Plans
2.4 Signify
2.4.1 Signify Details
2.4.2 Signify Major Business
2.4.3 Signify LED Lighting Product and Solutions
2.4.4 Signify LED Lighting Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.4.5 Signify Recent Developments and Future Plans
2.5 Zumtobel
2.5.1 Zumtobel Details
2.5.2 Zumtobel Major Business
2.5.3 Zumtobel LED Lighting Product and Solutions
2.5.4 Zumtobel LED Lighting Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.5.5 Zumtobel Recent Developments and Future Plans
2.6 Opple Lighting
2.6.1 Opple Lighting Details
2.6.2 Opple Lighting Major Business
2.6.3 Opple Lighting LED Lighting Product and Solutions
2.6.4 Opple Lighting LED Lighting Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.6.5 Opple Lighting Recent Developments and Future Plans
2.7 Current Lighting Solutions
2.7.1 Current Lighting Solutions Details
2.7.2 Current Lighting Solutions Major Business
2.7.3 Current Lighting Solutions LED Lighting Product and Solutions
2.7.4 Current Lighting Solutions LED Lighting Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.7.5 Current Lighting Solutions Recent Developments and Future Plans
2.8 Foshan Electrical And Lighting
2.8.1 Foshan Electrical And Lighting Details
2.8.2 Foshan Electrical And Lighting Major Business
2.8.3 Foshan Electrical And Lighting LED Lighting Product and Solutions
2.8.4 Foshan Electrical And Lighting LED Lighting Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.8.5 Foshan Electrical And Lighting Recent Developments and Future Plans
2.9 Pak
2.9.1 Pak Details
2.9.2 Pak Major Business
2.9.3 Pak LED Lighting Product and Solutions
2.9.4 Pak LED Lighting Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.9.5 Pak Recent Developments and Future Plans
2.10 Savant Systems
2.10.1 Savant Systems Details
2.10.2 Savant Systems Major Business
2.10.3 Savant Systems LED Lighting Product and Solutions
2.10.4 Savant Systems LED Lighting Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.10.5 Savant Systems Recent Developments and Future Plans
2.11 YANKON
2.11.1 YANKON Details
2.11.2 YANKON Major Business
2.11.3 YANKON LED Lighting Product and Solutions
2.11.4 YANKON LED Lighting Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.11.5 YANKON Recent Developments and Future Plans
2.12 Sharp
2.12.1 Sharp Details
2.12.2 Sharp Major Business
2.12.3 Sharp LED Lighting Product and Solutions
2.12.4 Sharp LED Lighting Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.12.5 Sharp Recent Developments and Future Plans
2.13 Cree Lighting
2.13.1 Cree Lighting Details
2.13.2 Cree Lighting Major Business
2.13.3 Cree Lighting LED Lighting Product and Solutions
2.13.4 Cree Lighting LED Lighting Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.13.5 Cree Lighting Recent Developments and Future Plans
3 麻豆原创 Competition, by Players
3.1 Global LED Lighting Revenue and Share by Players (2020-2025)
3.2 麻豆原创 Share Analysis (2024)
3.2.1 麻豆原创 Share of LED Lighting by Company Revenue
3.2.2 Top 3 LED Lighting Players 麻豆原创 Share in 2024
3.2.3 Top 6 LED Lighting Players 麻豆原创 Share in 2024
3.3 LED Lighting 麻豆原创: Overall Company Footprint Analysis
3.3.1 LED Lighting 麻豆原创: Region Footprint
3.3.2 LED Lighting 麻豆原创: Company Product Type Footprint
3.3.3 LED Lighting 麻豆原创: Company Product Application Footprint
3.4 New 麻豆原创 Entrants and Barriers to 麻豆原创 Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 麻豆原创 Size Segment by Type
4.1 Global LED Lighting Consumption Value and 麻豆原创 Share by Type (2020-2025)
4.2 Global LED Lighting 麻豆原创 Forecast by Type (2026-2031)
5 麻豆原创 Size Segment by Application
5.1 Global LED Lighting Consumption Value 麻豆原创 Share by Application (2020-2025)
5.2 Global LED Lighting 麻豆原创 Forecast by Application (2026-2031)
6 North America
6.1 North America LED Lighting Consumption Value by Type (2020-2031)
6.2 North America LED Lighting 麻豆原创 Size by Application (2020-2031)
6.3 North America LED Lighting 麻豆原创 Size by Country
6.3.1 North America LED Lighting Consumption Value by Country (2020-2031)
6.3.2 United States LED Lighting 麻豆原创 Size and Forecast (2020-2031)
6.3.3 Canada LED Lighting 麻豆原创 Size and Forecast (2020-2031)
6.3.4 Mexico LED Lighting 麻豆原创 Size and Forecast (2020-2031)
7 Europe
7.1 Europe LED Lighting Consumption Value by Type (2020-2031)
7.2 Europe LED Lighting Consumption Value by Application (2020-2031)
7.3 Europe LED Lighting 麻豆原创 Size by Country
7.3.1 Europe LED Lighting Consumption Value by Country (2020-2031)
7.3.2 Germany LED Lighting 麻豆原创 Size and Forecast (2020-2031)
7.3.3 France LED Lighting 麻豆原创 Size and Forecast (2020-2031)
7.3.4 United Kingdom LED Lighting 麻豆原创 Size and Forecast (2020-2031)
7.3.5 Russia LED Lighting 麻豆原创 Size and Forecast (2020-2031)
7.3.6 Italy LED Lighting 麻豆原创 Size and Forecast (2020-2031)
8 Asia-Pacific
8.1 Asia-Pacific LED Lighting Consumption Value by Type (2020-2031)
8.2 Asia-Pacific LED Lighting Consumption Value by Application (2020-2031)
8.3 Asia-Pacific LED Lighting 麻豆原创 Size by Region
8.3.1 Asia-Pacific LED Lighting Consumption Value by Region (2020-2031)
8.3.2 China LED Lighting 麻豆原创 Size and Forecast (2020-2031)
8.3.3 Japan LED Lighting 麻豆原创 Size and Forecast (2020-2031)
8.3.4 South Korea LED Lighting 麻豆原创 Size and Forecast (2020-2031)
8.3.5 India LED Lighting 麻豆原创 Size and Forecast (2020-2031)
8.3.6 Southeast Asia LED Lighting 麻豆原创 Size and Forecast (2020-2031)
8.3.7 Australia LED Lighting 麻豆原创 Size and Forecast (2020-2031)
9 South America
9.1 South America LED Lighting Consumption Value by Type (2020-2031)
9.2 South America LED Lighting Consumption Value by Application (2020-2031)
9.3 South America LED Lighting 麻豆原创 Size by Country
9.3.1 South America LED Lighting Consumption Value by Country (2020-2031)
9.3.2 Brazil LED Lighting 麻豆原创 Size and Forecast (2020-2031)
9.3.3 Argentina LED Lighting 麻豆原创 Size and Forecast (2020-2031)
10 Middle East & Africa
10.1 Middle East & Africa LED Lighting Consumption Value by Type (2020-2031)
10.2 Middle East & Africa LED Lighting Consumption Value by Application (2020-2031)
10.3 Middle East & Africa LED Lighting 麻豆原创 Size by Country
10.3.1 Middle East & Africa LED Lighting Consumption Value by Country (2020-2031)
10.3.2 Turkey LED Lighting 麻豆原创 Size and Forecast (2020-2031)
10.3.3 Saudi Arabia LED Lighting 麻豆原创 Size and Forecast (2020-2031)
10.3.4 UAE LED Lighting 麻豆原创 Size and Forecast (2020-2031)
11 麻豆原创 Dynamics
11.1 LED Lighting 麻豆原创 Drivers
11.2 LED Lighting 麻豆原创 Restraints
11.3 LED Lighting Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 LED Lighting Industry Chain
12.2 LED Lighting Upstream Analysis
12.3 LED Lighting Midstream Analysis
12.4 LED Lighting Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
Acuity Brands
Panasonic
MULINSEN
Signify
Zumtobel
Opple Lighting
Current Lighting Solutions
Foshan Electrical And Lighting
Pak
Savant Systems
YANKON
Sharp
Cree Lighting
听
听
*If Applicable.