Light Engine Market Outlook:
Light Engine Market size was valued at USD 35.2 billion in 2025 and is expected to reach USD 114.31 billion by 2035, registering around 12.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of light engine is evaluated at USD 39.16 billion.
The growth of the market can be attributed to the several government mandates enforced on energy conservation and LED adoption. Thus, people are opting for LED lighting due to the regulations enforced by the government related to energy conservation. As per the India Brand Equity Foundation, the Indian government distributed LED bulbs at a price of USD 0.12 in rural areas to households.
The residential sector is expected to grow revenue by the end of the estimated time frame, owing to increased industrialization and the number of smart cities initiatives around the world. As a result, the rising adoption of LED lighting in residential buildings is a driving reason behind the strong customer demand.
