LED Lighting Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The LED Lighting Market is segmented by Indoor Lighting (Agricultural Lighting, Commercial, Industrial and Warehouse, Residential), by Outdoor Lighting (Public Places, Streets and Roadways, Others), by Automotive Utility Lighting (Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others), by Automotive Vehicle Lighting (2 Wheelers, Commercial Vehicles, Passenger Cars) and by Region (Asia-Pacific, Europe, Middle East and Africa, North America, South America). Market Volume is presented in Units, and Market Value is presented in USD Million. Key Data Points observed include Lighting Electricity Consumption, Automotive Production, Number of Automobile on Road, LED Penetration, Road Network in km, Number of Stadiums, and Total Horticulture Area.

LED Lighting Market Size

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LED Lighting Market Summary
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 46.54 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 65.13 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Indoor Lighting Industrial and Warehouse
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 5.76 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

Major Players

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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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LED Lighting Market Analysis

The LED Lighting Market size is estimated at 46.54 billion USD in 2024, and is expected to reach 65.13 billion USD by 2030, growing at a CAGR of 5.76% during the forecast period (2024-2030).

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46.54 Billion

Market Size in 2024 (USD)

65.13 Billion

Market Size in 2030 (USD)

2.15 %

CAGR (2017-2023)

5.76 %

CAGR (2024-2030)

Largest Segment by Automotive Vehicle Lighting

76.78 %

value share, Passenger Cars , 2023

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The total sales of LED in this category were expected to reach 6689.3 million by the end of 2023. About 57.5 million passenger cars were sold worldwide in 2022, a YOY increase of 1.9%.

Largest Segment by Indoor Lighting

49.17 %

value share, Industrial and Warehouse , 2023

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In 2022, Costco had sales of about USD 222.7 billion and operated a total of 847 warehouses leading the expected LED volume sale to reach 198.8 million by 2023.

Largest Segment by Outdoor Lighting

60.24 %

value share, Public Places , 2023

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The total sales of LED in this category were expected to reach 6422.5 million by the end of 2023 owing to the GDP contribution of the manufacturing segment and Industry 4.0.

Largest Segment by Region

41.08 %

value share, Asia-Pacific , 2023

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APAC is the largest region, amounting to 40.38% of the population. The APAC region is a diverse mix of rapidly emerging and developed countries that share a large interconnected road network.

Leading Market Player

11.29 %

market share, Signify (Philips) , 2022

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To counter aggressive commercialization by Asian players, Signify's strategy includes the creation of phased products (such as B-brand and private label).

The increasing demand for industrial production, rising need for storage space, and increasing availability of office space drive the demand for indoor LED lighting market in the region

  • In terms of value share, in 2023, industrial and warehouse (I&W) accounted for the majority of the share (49.2%), followed by commercial (31.1%), residential (17.5%), and agricultural. The market share is expected to gain in (I&W) and agricultural lighting in coming years and a small reduction in the remaining divisions. Across the globe, industries faced several internal and external headwinds during COVID-19. A large number of countries sustained their industrial production in 2021. In 2021, the United States produced a total of USD 2,497.1 billion, an increase of 11.55% compared to 2020. During the same period, the UK produced a total of USD 274.87 billion, an increase of 16.57% compared to 2020. Thus, the growing industrial production resulted in creating more need for warehouses and increasing the demand for indoor lighting in coming years.
  • Government subsidies and housing schemes play a key role in the adoption of new houses in many nations. In India, the government has introduced several energy-saving programs. For example, the central government's ambitious Pradhan Mantri Awas Yojana (PMAY) program aimed to build 20 million affordable metropolitan housing units nationwide by 2022. In Calgary, Canada, under multi-units, home projects fueled 17,306 starts in 2022.
  • E-commerce and the export boom have led to demand for new warehouses and other logistics infrastructure, and logistics-related building is becoming an increasingly important sector. In July 2022, Yum China Holdings Inc. commenced the construction of the Yum China Supply Chain Management Center in Shanghai's Jiading district, with an area of 61,000 square meters. Such instances are expected to drive the growth of the global indoor LED market.
Global LED Lighting Market

Government tax policies, increase in renewable projects and investment in streetlights lead to market demand

  • In terms of value and volume share, Asia-Pacific accounts for the majority of the share in 2023, and North America stands at the second spot. In APAC countries, energy saving and tax benefits are a key trend gaining popularity in the industrial and commercial LED lighting market. The Indonesian government issued a 2015 Government Regulation No. 18, a series of preferential tax policies to attract domestic and foreign investment for LED, thereby providing low-cost consumer purchases. Japan planned to implement Japan’s Intended Nationally Determined Contributions (INDCs) draft to achieve at least a 50% reduction of global GHG emissions by 2050. The government encouraged citizens to proactively run NPOs and local outreach projects to raise energy-saving awareness. APAC region is increasingly investing in renewable energy projects and lighting infrastructure. In February 2023, a large-scale smart infrastructure project was initiated in Huanggang City, China, to save energy costs.
  • In North America, in 2021, the United States imported approximately USD 12.5 billion worth of lighting fixtures and fittings from the rest of the world. In December 2022, 62% of builders incentivized buyers, including providing mortgage rate buy-downs for residential sales. Such a step was taken due to dropping sales activity in 2022. The sale is expected to regain its position in 2023, providing LED lighting demand significantly. Investments in connected streetlights are one of the major factors driving the market for LED lighting in the region. Numerous communities have already benefited from street and roadway lighting projects. For instance, Grand Rapids city council members approved a USD 9.46 million contract in February 2021 to upgrade all of the city's street lights to LEDs.

Global LED Lighting Market Trends

Increasing energy-efficient construction and the rise in global sales of EVs are expected to drive the growth of the market

  • The world's population reached 7.89 billion people in 2021. Global employment figures reached 3.32 billion in 2022 from 3.16 billion in 2015, an increase of almost 0.13 billion. The use of LEDs is expected to increase as more knowledge is spread throughout the population as a result of the rise in the number of employed individuals.
  • Despite the COVID-19 pandemic, worldwide spending on energy-efficient construction increased by an exceptional 11.4% in 2020 to over USD 184 billion, up from USD 165 billion in 2019. The yearly growth rate for investments in energy efficiency surpassed 3% for the first time since 2015. The requirement for additional rooms in a house is anticipated to result in increased demand for LEDs due to the rise in the development of energy-efficient buildings and to meet the residential needs of the expanding population.
  • In 2022, there were 143.96 million automobiles produced worldwide. In 2023, that number was projected to rise to 150.92 million. Global sales of electric vehicles exceeded 10 million in 2022, and it was predicted that sales in 2023 would rise by another 35% to a total of 14 million. The market share of electric cars rose from 4% in 2020 to 14% in 2022 as a result of this quick expansion. Due to the fact that electric cars need more processors per vehicle than conventional automobiles, there has also been an increase in the need for automotive semiconductor chips as more of them are used. The rise in semiconductor demand in the automotive industry is likely to help the market for LED lighting.
Global LED Lighting Market

The market is driven by increasing population, rising energy-efficient construction of buildings, and government programs to promote LED penetration

  • The world's population reached 8 billion people in 2023, up from 7.79 billion in 2020. The largest countries by population included China (1.45 billion), India (1.42 billion), and the US (336.8 million). Furthermore, global employment increased to 3.32 billion people in 2022 from 3.16 billion in 2015, an increase of almost 0.13 billion people. The use of LEDs will increase as more knowledge is spread throughout the population as a result of the rise in the number of employed individuals and population growth.
  • Despite the COVID-19 pandemic, worldwide spending on energy-efficient construction increased by an exceptional 11.4% in 2020 to over USD 184 billion, up from USD 165 billion in 2019. The yearly growth rate for investments in energy efficiency surpassed 3% for the first time since 2015. The requirement for additional rooms in a house will result in increased demand for LEDs due to the rise in the development of energy-efficient buildings and to meet the residential needs of the expanding population.
  • Globally, launches of new houses have been rising, creating more LED penetration due to the need for illumination. For instance, in India, new launches in the Mumbai Metropolitan Region (MMR) increased over two-fold to 1,24,652 units in 2022 from 56,883 units in the previous year. Brazil’s affordable housing program also restarted. The Brazilian President announced plans to restart the nationwide federal housing program for low-income individuals in February 2023. The President created the program, named “Minha Casa, Minha Vida,” which translates to “My Home, My Life,” in 2009. Such instances are further expected to raise the demand for LED lighting in the country.
Global LED Lighting Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • The increasing demand for EVs is anticipated to raise the market value
  • Online financing options through technology and government incentives to promote the use of EVs are expected to drive the market
  • Increasing car registrations, passenger cars having the highest motor vehicle sales, and technology advancements are expected to drive the growth of the market
  • Development of smart cities, expansion of green buildings, and increasing government initiatives to promote the use of energy-efficient lighting systems are expected to drive the growth of the market
  • Government schemes to replace conventional bulbs with LED lights and increasing global sales of electric vehicles are expected to drive the growth of the market
  • Innovation in indoor farming is expected to drive the growth of the market
  • Global sales of commercial construction exceeding by 59% in 2020, increasing pipeline projects, and increasing demand for EVs are expected to drive the growth of market
  • The increasing number of battery swapping stations and battery recycling service outlets and the rising demand for EVs are expected to drive the growth of the market
  • Asia-Pacific being one of the significant exporters of LED products, along with the growing demand for EVs, is expected to drive the growth of the market
  • The United States' large road network, increasing use of smart traffic management systems, and increasing highway construction projects are expected to drive the growth of LED market
  • Upgradation and renovation of sports stadiums and government funding in the sports sector are expected to drive the growth of the market

LED Lighting Industry Overview

The LED Lighting Market is fragmented, with the top five companies occupying 30.75%. The major players in this market are ACUITY BRANDS INC., LEDVANCE GmbH (MLS Co. Ltd), OSRAM GmbH., Panasonic Holdings Corporation and Signify (Philips) (sorted alphabetically).

LED Lighting Market Leaders

  1. ACUITY BRANDS INC.

  2. LEDVANCE GmbH (MLS Co. Ltd)

  3. OSRAM GmbH.

  4. Panasonic Holdings Corporation

  5. Signify (Philips)

LED Lighting Market Concentration

Other important companies include HELLA GmbH & Co. KGaA (FORVIA), Koito Manufacturing Co. Ltd, Marelli Holdings Co. Ltd, OPPLE Lighting Co., Ltd, Stanley Electric Co., Ltd..

*Disclaimer: Major Players sorted in alphabetical order.

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LED Lighting Market News

  • September 2023: Signify, the owner of the Philips Hue brand announced the global launch of its Philips Smart LED bulbs. The new portfolio is the result of Signify's 2019 acquisition of Wiz, and it is distinguished from Hue products by the "Wiz Connected" badge on its blue box.
  • May 2023: Osram announced the release of the OSLON Optimum family of LEDs in May 2022. These LEDs are based on the most recent ams Osram 1mm2 chip and are designed for horticulture lighting. They offer an exceptional combination of high efficiency, dependable performance, and great value.
  • May 2023: Cyclone Lighting, a well-known manufacturer of outdoor luminaires of Acuity brand announced the debut of its Elencia luminaire. Outdoor post-top lighting has an upscale look thanks to high-performance optics and revised, modern lantern style.

Free with this Report

We provide a complimentary and exhaustive set of data points on the country and regional level metrics that present the fundamental structure of the industry. Presented in the form of 40+ free charts, the sections cover difficult to find data on various countries on Automotive Production, Lighting Electricity Consumption, Road Network, Number of Stadiums, Number of Charging Stations among others.

Global LED Lighting Market
Global LED Lighting Market
Global LED Lighting Market
Global LED Lighting Market

LED Lighting Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Automotive Production

    2. 2.2. Population

    3. 2.3. Per Capita Income

    4. 2.4. Interest Rate For Auto Loans

    5. 2.5. Number Of Charging Stations

    6. 2.6. Number Of Automobile On-Road

    7. 2.7. Total Import Of LEDs

    8. 2.8. Lighting Electricity Consumption

    9. 2.9. # Of Households

    10. 2.10. Road Networks

    11. 2.11. LED Penetration

    12. 2.12. # Of Stadiums

    13. 2.13. Horticulture Area

    14. 2.14. Regulatory Framework

      1. 2.14.1. Indoor Lighting

        1. 2.14.1.1. Argentina

        2. 2.14.1.2. Brazil

        3. 2.14.1.3. China

        4. 2.14.1.4. France

        5. 2.14.1.5. Germany

        6. 2.14.1.6. Gulf Cooperation Council

        7. 2.14.1.7. India

        8. 2.14.1.8. Japan

        9. 2.14.1.9. South Africa

        10. 2.14.1.10. United Kingdom

        11. 2.14.1.11. United States

      2. 2.14.2. Outdoor Lighting

        1. 2.14.2.1. Argentina

        2. 2.14.2.2. Brazil

        3. 2.14.2.3. China

        4. 2.14.2.4. France

        5. 2.14.2.5. Germany

        6. 2.14.2.6. Gulf Cooperation Council

        7. 2.14.2.7. India

        8. 2.14.2.8. Japan

        9. 2.14.2.9. South Africa

        10. 2.14.2.10. United Kingdom

        11. 2.14.2.11. United States

      3. 2.14.3. Automotive Lighting

        1. 2.14.3.1. Argentina

        2. 2.14.3.2. Brazil

        3. 2.14.3.3. China

        4. 2.14.3.4. France

        5. 2.14.3.5. Germany

        6. 2.14.3.6. Gulf Cooperation Council

        7. 2.14.3.7. India

        8. 2.14.3.8. Japan

        9. 2.14.3.9. South Africa

        10. 2.14.3.10. South Korea

        11. 2.14.3.11. Spain

        12. 2.14.3.12. United Kingdom

        13. 2.14.3.13. United States

    15. 2.15. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 3.1. Indoor Lighting

      1. 3.1.1. Agricultural Lighting

      2. 3.1.2. Commercial

        1. 3.1.2.1. Office

        2. 3.1.2.2. Retail

        3. 3.1.2.3. Others

      3. 3.1.3. Industrial and Warehouse

      4. 3.1.4. Residential

    2. 3.2. Outdoor Lighting

      1. 3.2.1. Public Places

      2. 3.2.2. Streets and Roadways

      3. 3.2.3. Others

    3. 3.3. Automotive Utility Lighting

      1. 3.3.1. Daytime Running Lights (DRL)

      2. 3.3.2. Directional Signal Lights

      3. 3.3.3. Headlights

      4. 3.3.4. Reverse Light

      5. 3.3.5. Stop Light

      6. 3.3.6. Tail Light

      7. 3.3.7. Others

    4. 3.4. Automotive Vehicle Lighting

      1. 3.4.1. 2 Wheelers

      2. 3.4.2. Commercial Vehicles

      3. 3.4.3. Passenger Cars

    5. 3.5. Region

      1. 3.5.1. Asia-Pacific

      2. 3.5.2. Europe

      3. 3.5.3. Middle East and Africa

      4. 3.5.4. North America

      5. 3.5.5. South America

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)

      1. 4.4.1. ACUITY BRANDS INC.

      2. 4.4.2. HELLA GmbH & Co. KGaA (FORVIA)

      3. 4.4.3. Koito Manufacturing Co. Ltd

      4. 4.4.4. LEDVANCE GmbH (MLS Co. Ltd)

      5. 4.4.5. Marelli Holdings Co. Ltd

      6. 4.4.6. OPPLE Lighting Co., Ltd

      7. 4.4.7. OSRAM GmbH.

      8. 4.4.8. Panasonic Holdings Corporation

      9. 4.4.9. Signify (Philips)

      10. 4.4.10. Stanley Electric Co., Ltd.

  7. 5. KEY STRATEGIC QUESTIONS FOR LED CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. VOLUME OF AUTOMOTIVE PRODUCTION, MILLION, GLOBAL, 2017 - 2030
  1. Figure 2:  
  2. HUMAN POPULATION IN MILLION, NUMBERS, GLOBAL, 2017 - 2030
  1. Figure 3:  
  2. PER CAPITA INCOME, USD, GLOBAL, 2017 - 2030
  1. Figure 4:  
  2. INTEREST RATE FOR AUTO LOANS, %, GLOBAL, 2017 - 2022
  1. Figure 5:  
  2. COUNT OF CHARGING STATIONS, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 6:  
  2. COUNT OF AUTOMOBILES ON-ROAD IN MILLION, NUMBERS, GLOBAL, 2017 - 2030
  1. Figure 7:  
  2. VALUE OF LED IMPORTS, USD MILLION, GLOBAL, 2017 - 2030
  1. Figure 8:  
  2. CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, GLOBAL, 2017 - 2030
  1. Figure 9:  
  2. COUNT OF HOUSEHOLDS, MILLION, GLOBAL, 2017 - 2030
  1. Figure 10:  
  2. LENGTH OF ROAD NETWORKS, KM, GLOBAL, 2017 - 2030
  1. Figure 11:  
  2. LED PENETRATION, %, GLOBAL, 2017 - 2030
  1. Figure 12:  
  2. COUNT OF STADIUMS, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 13:  
  2. HORTICULTURE AREA, HECTARE, GLOBAL, 2017 - 2030
  1. Figure 14:  
  2. VOLUME SALES OF GLOBAL LED LIGHTING MARKET, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 15:  
  2. VALUE SALES OF GLOBAL LED LIGHTING MARKET, USD, GLOBAL, 2017 - 2030
  1. Figure 16:  
  2. VOLUME SALES OF LED FIXTURES BY INDOOR LIGHTING, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 17:  
  2. VALUE SALES OF LED FIXTURES BY INDOOR LIGHTING, USD, GLOBAL, 2017 - 2030
  1. Figure 18:  
  2. VALUE SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, GLOBAL, 2017 - 2030
  1. Figure 19:  
  2. VOLUME SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, GLOBAL, 2017 - 2030
  1. Figure 20:  
  2. VOLUME SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 21:  
  2. VALUE SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, USD, GLOBAL, 2017 - 2030
  1. Figure 22:  
  2. VALUE SHARE OF AGRICULTURAL LIGHTING BY INDOOR LIGHTING, %, GLOBAL, 2022 VS 2030
  1. Figure 23:  
  2. VOLUME SALES OF LED FIXTURES BY COMMERCIAL, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 24:  
  2. VALUE SALES OF LED FIXTURES BY COMMERCIAL, USD, GLOBAL, 2017 - 2030
  1. Figure 25:  
  2. VALUE SHARE OF LED FIXTURES BY COMMERCIAL, %, GLOBAL, 2017 - 2030
  1. Figure 26:  
  2. VOLUME SHARE OF LED FIXTURES BY COMMERCIAL, %, GLOBAL, 2017 - 2030
  1. Figure 27:  
  2. VOLUME SALES OF LED FIXTURES IN OFFICE, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 28:  
  2. VALUE SALES OF LED FIXTURES IN OFFICE, USD, GLOBAL, 2017 - 2030
  1. Figure 29:  
  2. VOLUME SALES OF LED FIXTURES IN RETAIL, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 30:  
  2. VALUE SALES OF LED FIXTURES IN RETAIL, USD, GLOBAL, 2017 - 2030
  1. Figure 31:  
  2. VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 32:  
  2. VALUE SALES OF LED FIXTURES IN OTHERS, USD, GLOBAL, 2017 - 2030
  1. Figure 33:  
  2. VOLUME SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 34:  
  2. VALUE SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, USD, GLOBAL, 2017 - 2030
  1. Figure 35:  
  2. VALUE SHARE OF INDUSTRIAL AND WAREHOUSE BY INDOOR LIGHTING, %, GLOBAL, 2022 VS 2030
  1. Figure 36:  
  2. VOLUME SALES OF LED FIXTURES IN RESIDENTIAL, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 37:  
  2. VALUE SALES OF LED FIXTURES IN RESIDENTIAL, USD, GLOBAL, 2017 - 2030
  1. Figure 38:  
  2. VALUE SHARE OF RESIDENTIAL BY INDOOR LIGHTING, %, GLOBAL, 2022 VS 2030
  1. Figure 39:  
  2. VOLUME SALES OF LED FIXTURES BY OUTDOOR LIGHTING, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 40:  
  2. VALUE SALES OF LED FIXTURES BY OUTDOOR LIGHTING, USD, GLOBAL, 2017 - 2030
  1. Figure 41:  
  2. VALUE SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, GLOBAL, 2017 - 2030
  1. Figure 42:  
  2. VOLUME SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, GLOBAL, 2017 - 2030
  1. Figure 43:  
  2. VOLUME SALES OF LED FIXTURES IN PUBLIC PLACES, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 44:  
  2. VALUE SALES OF LED FIXTURES IN PUBLIC PLACES, USD, GLOBAL, 2017 - 2030
  1. Figure 45:  
  2. VALUE SHARE OF PUBLIC PLACES BY OUTDOOR LIGHTING, %, GLOBAL, 2022 VS 2030
  1. Figure 46:  
  2. VOLUME SALES OF LED FIXTURES IN STREETS AND ROADWAYS, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 47:  
  2. VALUE SALES OF LED FIXTURES IN STREETS AND ROADWAYS, USD, GLOBAL, 2017 - 2030
  1. Figure 48:  
  2. VALUE SHARE OF STREETS AND ROADWAYS BY OUTDOOR LIGHTING, %, GLOBAL, 2022 VS 2030
  1. Figure 49:  
  2. VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 50:  
  2. VALUE SALES OF LED FIXTURES IN OTHERS, USD, GLOBAL, 2017 - 2030
  1. Figure 51:  
  2. VALUE SHARE OF OTHERS BY OUTDOOR LIGHTING, %, GLOBAL, 2022 VS 2030
  1. Figure 52:  
  2. VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 53:  
  2. VALUE SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, USD, GLOBAL, 2017 - 2030
  1. Figure 54:  
  2. VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2017 - 2030
  1. Figure 55:  
  2. VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2017 - 2030
  1. Figure 56:  
  2. VOLUME SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), NUMBER, GLOBAL, 2017 - 2030
  1. Figure 57:  
  2. VALUE SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), USD, GLOBAL, 2017 - 2030
  1. Figure 58:  
  2. VALUE SHARE OF DAYTIME RUNNING LIGHTS (DRL) BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
  1. Figure 59:  
  2. VOLUME SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 60:  
  2. VALUE SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, USD, GLOBAL, 2017 - 2030
  1. Figure 61:  
  2. VALUE SHARE OF DIRECTIONAL SIGNAL LIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
  1. Figure 62:  
  2. VOLUME SALES OF LED FIXTURES IN HEADLIGHTS, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 63:  
  2. VALUE SALES OF LED FIXTURES IN HEADLIGHTS, USD, GLOBAL, 2017 - 2030
  1. Figure 64:  
  2. VALUE SHARE OF HEADLIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
  1. Figure 65:  
  2. VOLUME SALES OF LED FIXTURES IN REVERSE LIGHT, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 66:  
  2. VALUE SALES OF LED FIXTURES IN REVERSE LIGHT, USD, GLOBAL, 2017 - 2030
  1. Figure 67:  
  2. VALUE SHARE OF REVERSE LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
  1. Figure 68:  
  2. VOLUME SALES OF LED FIXTURES IN STOP LIGHT, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 69:  
  2. VALUE SALES OF LED FIXTURES IN STOP LIGHT, USD, GLOBAL, 2017 - 2030
  1. Figure 70:  
  2. VALUE SHARE OF STOP LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
  1. Figure 71:  
  2. VOLUME SALES OF LED FIXTURES IN TAIL LIGHT, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 72:  
  2. VALUE SALES OF LED FIXTURES IN TAIL LIGHT, USD, GLOBAL, 2017 - 2030
  1. Figure 73:  
  2. VALUE SHARE OF TAIL LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
  1. Figure 74:  
  2. VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 75:  
  2. VALUE SALES OF LED FIXTURES IN OTHERS, USD, GLOBAL, 2017 - 2030
  1. Figure 76:  
  2. VALUE SHARE OF OTHERS BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
  1. Figure 77:  
  2. VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 78:  
  2. VALUE SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, USD, GLOBAL, 2017 - 2030
  1. Figure 79:  
  2. VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, GLOBAL, 2017 - 2030
  1. Figure 80:  
  2. VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, GLOBAL, 2017 - 2030
  1. Figure 81:  
  2. VOLUME SALES OF LED FIXTURES IN 2 WHEELERS, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 82:  
  2. VALUE SALES OF LED FIXTURES IN 2 WHEELERS, USD, GLOBAL, 2017 - 2030
  1. Figure 83:  
  2. VOLUME SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 84:  
  2. VALUE SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, USD, GLOBAL, 2017 - 2030
  1. Figure 85:  
  2. VOLUME SALES OF LED FIXTURES IN PASSENGER CARS, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 86:  
  2. VALUE SALES OF LED FIXTURES IN PASSENGER CARS, USD, GLOBAL, 2017 - 2030
  1. Figure 87:  
  2. VOLUME SALES OF LED FIXTURES BY REGION, NUMBER, GLOBAL, 2017 - 2030
  1. Figure 88:  
  2. VALUE SALES OF LED FIXTURES BY REGION, USD, GLOBAL, 2017 - 2030
  1. Figure 89:  
  2. VALUE SHARE OF LED FIXTURES BY REGION, %, GLOBAL, 2017 - 2030
  1. Figure 90:  
  2. VOLUME SHARE OF LED FIXTURES BY REGION, %, GLOBAL, 2017 - 2030
  1. Figure 91:  
  2. VOLUME SALES OF LED FIXTURES IN ASIA-PACIFIC, NUMBER, ASIA-PACIFIC, 2017 - 2030
  1. Figure 92:  
  2. VALUE SALES OF LED FIXTURES IN ASIA-PACIFIC, USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 93:  
  2. VOLUME SALES OF LED FIXTURES IN EUROPE, NUMBER, EUROPE, 2017 - 2030
  1. Figure 94:  
  2. VALUE SALES OF LED FIXTURES IN EUROPE, USD, EUROPE, 2017 - 2030
  1. Figure 95:  
  2. VOLUME SALES OF LED FIXTURES IN MIDDLE EAST AND AFRICA, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
  1. Figure 96:  
  2. VALUE SALES OF LED FIXTURES IN MIDDLE EAST AND AFRICA, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
  1. Figure 97:  
  2. VOLUME SALES OF LED FIXTURES IN NORTH AMERICA, NUMBER, NORTH AMERICA, 2017 - 2030
  1. Figure 98:  
  2. VALUE SALES OF LED FIXTURES IN NORTH AMERICA, USD, NORTH AMERICA, 2017 - 2030
  1. Figure 99:  
  2. VOLUME SALES OF LED FIXTURES IN SOUTH AMERICA, NUMBER, SOUTH AMERICA, 2017 - 2030
  1. Figure 100:  
  2. VALUE SALES OF LED FIXTURES IN SOUTH AMERICA, USD, SOUTH AMERICA, 2017 - 2030
  1. Figure 101:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GLOBAL, 2017 - 2030
  1. Figure 102:  
  2. MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2017 - 2030
  1. Figure 103:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, GLOBAL, 2022

LED Lighting Industry Segmentation

Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others are covered as segments by Automotive Utility Lighting. 2 Wheelers, Commercial Vehicles, Passenger Cars are covered as segments by Automotive Vehicle Lighting. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.

  • In terms of value share, in 2023, industrial and warehouse (I&W) accounted for the majority of the share (49.2%), followed by commercial (31.1%), residential (17.5%), and agricultural. The market share is expected to gain in (I&W) and agricultural lighting in coming years and a small reduction in the remaining divisions. Across the globe, industries faced several internal and external headwinds during COVID-19. A large number of countries sustained their industrial production in 2021. In 2021, the United States produced a total of USD 2,497.1 billion, an increase of 11.55% compared to 2020. During the same period, the UK produced a total of USD 274.87 billion, an increase of 16.57% compared to 2020. Thus, the growing industrial production resulted in creating more need for warehouses and increasing the demand for indoor lighting in coming years.
  • Government subsidies and housing schemes play a key role in the adoption of new houses in many nations. In India, the government has introduced several energy-saving programs. For example, the central government's ambitious Pradhan Mantri Awas Yojana (PMAY) program aimed to build 20 million affordable metropolitan housing units nationwide by 2022. In Calgary, Canada, under multi-units, home projects fueled 17,306 starts in 2022.
  • E-commerce and the export boom have led to demand for new warehouses and other logistics infrastructure, and logistics-related building is becoming an increasingly important sector. In July 2022, Yum China Holdings Inc. commenced the construction of the Yum China Supply Chain Management Center in Shanghai's Jiading district, with an area of 61,000 square meters. Such instances are expected to drive the growth of the global indoor LED market.
Indoor Lighting
Agricultural Lighting
Commercial
Office
Retail
Others
Industrial and Warehouse
Residential
Outdoor Lighting
Public Places
Streets and Roadways
Others
Automotive Utility Lighting
Daytime Running Lights (DRL)
Directional Signal Lights
Headlights
Reverse Light
Stop Light
Tail Light
Others
Automotive Vehicle Lighting
2 Wheelers
Commercial Vehicles
Passenger Cars
Region
Asia-Pacific
Europe
Middle East and Africa
North America
South America
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Market Definition

  • INDOOR LIGHTING - It incorporates all LED based lamps and fixtures/luminaire that are used to illuminate indoor section of residential, commercial, industrial buildings and agricultural lighting. LED offers efficient brightness with higher durability in comparison to other lighting technology.
  • OUTDOOR LIGHTING - It incorporates the LED lighting fixtures that is used for illumination for exterior/outdoor illumination. For instance, LED lighting fixtures used to illuminate streets and highways, transport hubs, stadiums and other public places such as parking spaces.
  • AUTOMOTIVE LIGHTING - It refers to the lighting fixtures installed for illumination and signaling purposes. It is used in both exterior and interior lighting of the vehicle. Headlamps, fog lamp, daytime running light (DRLs) are examples of exterior light whereas cabin light are interior lights.
  • END USER - It refers to the end use application area where the LED fixture will be installed. For instance, in terms of indoor lighting, we have residential, commercial and industrial as end user category. For automotive lighting, primary end user considered are automotive manufacturers and aftermarket sale
Keyword Definition
Lumen Lumen is a unit of luminous flux in the International System of Units that is equal to the amount of light given out through a solid angle by a source of one-candela intensity radiating equally in all directions.
Footcandle A foot-candle (or foot-candle, fc, lm/ft2, or ft-c) is a measurement of light intensity. One foot-candle is defined as enough light to saturate a one-foot square with one lumen of light.
Colour Rendering Index (CRI) Color Rendering Index (CRI) is a measurement of how natural colors render under an artificial white light source when compared with sunlight. The index is measured from 0-100, with a perfect 100 indicating that colors of objects under the light source appear the same as they would under natural sunlight.
Luminous flux Luminous flux is a measure of the power of visible light produced by a light source or light fitting. It is measured in lumens (lm).
Annual Energy Cost Annual Energy Cost means the average daily energy consumption multiplied by 365 (days per year), expressed in kilowatt hour per year (kWh/a).
Constant voltage drivers Constant voltage drivers are designed for a single direct current (DC) output voltage. Most common constant voltage drivers (or Power Supplies) are 12VDC or 24VDC. An LED light that is rated for constant voltage usually specifies the amount of input voltage it needs to operate correctly.
Constant Current Driver Constant current LED drivers are designed for a designated range of output voltages and a fixed output current (mA). LEDs that are rated to operate on a constant current driver require a designated supply of current usually specified in milliamps (mA) or amps (A). These drivers vary the voltage along an electronic circuit which allows current to remain constant throughout the LED system.
Minimum Energy Performance Standards (MEPS) Minimum Energy Performance Standards specify the minimum level of energy performance that appliances and equipment must meet or exceed before they can supply or used for commercial purposes.
Luminous Efficacy Luminous efficacy is a measurement commonly used in the lighting industry that indicates the ability of a light source to emit visible light using a given amount of power.
Solid State Lighting Solid-state lighting (SSL) is a type of lighting that uses semiconductor light-emitting diodes (LEDs), organic light-emitting diodes (OLED), or polymer light-emitting diodes (PLED) as sources of illumination rather than electrical filaments, plasma (used in arc lamps such as fluorescent lamps), or gas.
Rated Lamp Life Lamp life, also referred to as rated life, is the time in hours a lamp will last before a percentage of lamps will burn out.
Color Temperature Colour temperature is a scale that measures how ‘warm’ (yellow) or ‘cool’ (blue) the light from a particular source is. It is measured in degrees of the Kelvin scale (abbreviated to K), and the higher the number, the ‘cooler’ the light. The lower the ‘K’ number, the ‘warmer’ the light.
Ingress Protection rating (IP rating) The IP (Ingress Protection) rating of a bulb or light fixture declares the level of protection it has against dirt and water.
Fidelity Index The general colour fidelity index, Rf, represents how closely the colour appearances of the entire sample set are reproduced (rendered) on average by a test light as compared to those under a reference illuminant.
Gamut Index The gamut area is defined as “the area enclosed by a set of test color samples illuminated by a light source, in a two-dimensional chromaticity diagram or a plane of color space.”1 Within a defined color space, a “gamut” describes the subset of colors that can be perceived under specific lighting conditions.
Binning In the lighting industry, the act of "binning" of LEDs is the process of sorting LEDs by certain characteristics, such as color, voltage, and brightness.
Accent lighting Accent lighting, also called highlighting, emphasizes objects by focusing light directly on them. Accent lighting is used inside and outside the home to feature locations such as an entrance or to create dramatic effects.
Dimmable driver A dimming driver has two functions: As a driver, it converts the 230V AC mains input to a low voltage DC output. As a dimmer, it reduces the amount of electrical energy flowing to the LEDs, thereby causing them to dim.
Flicker Flicker is the repeated and frequent variation in the output of a light source over time.
Fluorescent A property of materials defined as the ability to emit light after absorbing electromagnetic radiation such as visible or UV light.
Candela The candela is the unit of luminous intensity in the International System of Units. It measures the light output per unit solid angle emitted from a light source in a specific direction.
LUX Lux is used to measure the amount of light output in a given area - one lux is equal to one lumen per square meter. It enables us to measure the total "amount" of visible light present and the intensity of the illumination on a surface.
Uniformity (U0) The uniformity of lighting has significant effects on visual performance in both indoor and outdoor areas. Uniformity (represented as U0) value can be found by dividing the minimum brightness (Emin) resulting from calculations according to the current lighting order, to the average brightness value (Eavg).
Visible Light Spectrum The visible light spectrum is the segment of the electromagnetic spectrum that the human eye can view. More simply, this range of wavelengths is called visible light. Typically, the human eye can detect wavelengths from 380 to 700 nanometers.
Ambient Temperature Ambient Temperature is the temperature of the air surrounding an electrical enclosure.
Current-controlled dimming control Current-controlled dimming controls LED brightness by varying the applied current using a 0-10V dimmer. Current-controlled dimming is smooth and HD-video friendly. It can only dim to a minimum of 5% of light output.
Design Light Consortium It is a partnership of energy efficiency stakeholders in the United States and Canada to “promote quality, performance and energy efficient lighting solutions for the commercial sector”.
Pulse Width Modulation Pulse-width modulation, or pulse-duration modulation, is a method of controlling the average power delivered by an electrical signal.
Surface Mounted Device A surface mount device (SMD) is an electronic device whose components are mounted or placed directly on the surface of a printed circuit board.
Alternating Current Alternating current is an electric current which periodically reverses direction and changes its magnitude continuously with time, in contrast to direct current, which flows only in one direction.
Direct Current Direct current (DC) is an electric current that is uni-directional, so the flow of charge is always in the same direction.
Beam Angle Beam angle (also called beam spread) is a measure of how light is distributed. On any plane perpendicular to the centerline of the light, the beam angle is the angle between two rays where the light intensity is 50% of the maximum light intensity.
LED Based Solar High Mast Lighting Systems A Solar LED High Mast Light is a raised source of High illumination lights (6~8 lights) and with high intensity on the middle of major junctions (Ring roads, Outer Ring roads), turned on or lit automatically in the absence of light (at specified timings or at periodic times, every night).
Surface Mounted Diode (SMD) LEDs A surface mount diode is a type that emits light and is flat mounted and soldered onto a circuit board.
Chip on Board (COB) LEDs A COB LED is basically multiple LED chips (usually 9 or more) glued directly onto a substrate by the manufacturer to form a single module.
Dual In-Line Package (DIP) LEDs A dual in-line package (DIP or DIL) is an electronic component package with a rectangular case and two parallel rows of electrical connector pins.
Graphene LED Lights A graphene LED light bulb is simply an LED light bulb where the filament has been coated in graphene. A graphene LED bulb is reported to be 10% more efficient than regular LED light bulbs and they are cheaper to manufacture and buy.
LED Corn Bulbs LED Corn lights are designed as an energy efficient alternative to high intensity discharge (HID) and SON lamps. It uses a large number of LEDs on a metal structure to provide sufficient light. This arrangement of LEDs looks a lot like a corn cob, hence the name "corn light".
Per Capita Income Per capita income or total income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population. Per capita income is national income divided by population size.
Charging Stations A charging station, also known as a charging station or electric vehicle utility, is a power supply that provides electrical energy for charging plug-in electric vehicles.
Headlight A headlight is a light that is mounted on the front of a car and illuminates the road in front of it. Low beam and high beam LED headlights are additional categories for these LED headlights.
Day Time Running Light (DRLs) A daytime running lamp is a white, yellow, or amber lighting device mounted on the front of a road-going motor vehicle or bicycle.
Directional Signal Light Directional signal lights are the front and rear lights on an automobile that flash to show the direction of a turn.
Stop Light A red light that is mounted to the back of a car and turns on when the brakes are used to show that the car is stopped.
Reverse Light The reverse light is at the back of the vehicle to indicate its backward motion.
Tail Light A red light that can be seen in the dark is mounted on the rear of a road vehicle. Stop, reverse, and directional signal lights are all part of it.
Fog Light Bright lights in automobiles used to increase visibility on the road in foggy conditions or to warn other drivers of the presence of the vehicle.
Passenger Vehicle A passenger vehicle is a road vehicle, other than a moped or a motorcycle, intended for the transportation of people and designed for up to 8 to 9 seats.
Commercial Vehicle A commercial vehicle (Bus, Truck, Van) is any type of motor vehicle used to transport goods or pay passengers.
Two Wheelers (2W) A two-wheeler is a vehicle that runs on two wheels.
Streets & Roadways Both roads and streets refer to hard, flat surfaces on the ground on which vehicles, people, and animals can travel. Since streetways are usually in cities and towns, they often have houses and buildings on both sides. The roadway is in the countryside and sometimes passes through forests and fields
Horticulture Lighting Horticulture is the science and art of sustainably growing, producing, marketing and using high quality, intensively cultivated food and ornamental plants.
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Research Methodology

Mordor Intelligence has followed the following methodology in all our data center reports.

  • Step 1: Raw Data Collection: To understand the market, initially, all crtical data points were identified. Critical information about countries and regions of interest including Per-capita Income, Population, Automotive Production, Interest rate on Auto-Loans, Number of Automobiles on Road, Total LED Import, Lighting Electricity Consumption among others were recorded or estimated based on internal calculations.
  • Step 2: Identify Key Variables: To build a robust forecasting model, key variables such as Number of Households, Automotive Production, Road Networks among others were identified. Through an iterative process, the variables required for the market forecast were set, and the model was built using these variables.
  • Step 3: Build a Market Model: Based on data and critical industry trend data (variables), including LED pricing, LED penetration rate, and project macro and micor economic factors were utilized for building the market forecasting.
  • Step 4: Validate and Finalize: In this crucial step, all market numbers and variables derived through an internal mathematical model were validated through an extensive network of primary research experts from all the markets studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step 5: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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LED Lighting Market Research FAQs

The Global LED Lighting Market size is expected to reach USD 46.54 billion in 2024 and grow at a CAGR of 5.76% to reach USD 65.13 billion by 2030.

In 2024, the Global LED Lighting Market size is expected to reach USD 46.54 billion.

ACUITY BRANDS INC., LEDVANCE GmbH (MLS Co. Ltd), OSRAM GmbH., Panasonic Holdings Corporation and Signify (Philips) are the major companies operating in the Global LED Lighting Market.

In the Global LED Lighting Market, the Industrial and Warehouse segment accounts for the largest share by indoor lighting.

In 2024, Asia-Pacific accounts for the largest share by region in the Global LED Lighting Market.

In 2023, the Global LED Lighting Market size was estimated at 46.54 billion. The report covers the Global LED Lighting Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global LED Lighting Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

LED Lighting Industry Report

Statistics for the 2023 LED Lighting market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. LED Lighting analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

LED Lighting Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030