Global LED Lighting Market TOC
- An Introduction to the Research Study
- Preface
- Market taxonomy
- Definition of the market and the segments
- Acronyms and assumptions
- The Research Procedure
- Sources of Data
- Secondary
- Primary
- Calculation and Derivation of Market Size
- Top-down approach
- Bottom-up approach
- Recommendation by Analyst for C-Level Executives
- An Abstract of the Report
- Evaluation of Market Fluctuations and Outlook
- Market Growth Drivers
- Market Growth Deflation
- Market Trends
- Fundamental Market Prospects
- Decarbonization Strategy and Carbon Credit Benefits for Market Players
- Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
- Measures taken by Countries to Reduce Carbon Footprints
- Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
- Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
- Demand Impact on the Companies Opting for Carbon Credits
- Regulatory & Standards Landscape
- Economic Outlook: Japan
- Limitations to Japan’s Economic Recovery
- Uplifting Policies to Foster the Growth of the Economy
- Future-Outlook and Strategic Move for Sustainable Economy
- Technological Shift and Implementation Analysis
- Impact of Recession on Global and Japan Economy
- Regional Demand Analysis
- Industry Value Chain Analysis
- Industry Growth Outlook
- Recent Technology Outlook in LED Lighting Market
- End User Analysis
- Pricing Analysis
- Start-up Analysis
- Porter Five Forces Analysis
- PEST Analysis
- Global LED Lighting Market Outlook & Projections, Opportunity Assessment, 2022 to 2035
- Market Summary
- Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
- Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
- Year on Year Growth Forecast (%)
- By Product
- Lamps, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- By Product
- LED Bulb, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- LED Tube Light, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Luminaries, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Downlighting, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Decorative, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Directional, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Others, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Luminaries, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- By Application
- Indoor, Market Value (USD Million) and CAGR, 2023-2036F
- Outdoor, Market Value (USD Million) and CAGR, 2023-2036F
- By Sales Channel
- Retail/Wholesale, Market Value (USD Million) and CAGR, 2023-2036F
- Direct Sales, Market Value (USD Million) and CAGR, 2023-2036F
- E-commerce, Market Value (USD Million) and CAGR, 2023-2036F
- By End-User
- Commercial, Market Value (USD Million) and CAGR, 2023-2036F
- Household, Market Value (USD Million) and CAGR, 2023-2036F
- Industrial, Market Value (USD Million) and CAGR, 2023-2036F
- By Geography
- Market Overview
- Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
- North America, Market Value (USD million), Volume (Million Units), and CAGR, 2023-2036F
- Europe, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Asia Pacific Excluding Japan (APEJ), Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Japan, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Latin America, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Middle East and Africa, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Cross Analysis of Product w.r.t. End-User (USD Million), 2022
- North America LED Lighting Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
- Market Summary
- Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
- Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
- Year on Year Growth Forecast (%)
- By Product
- Lamps, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- By Product
- LED Bulb, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- LED Tube Light, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Luminaries, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Downlighting, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Decorative, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Directional, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Others, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Luminaries, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- By Application
- Indoor, Market Value (USD Million) and CAGR, 2023-2036F
- Outdoor, Market Value (USD Million) and CAGR, 2023-2036F
- By Sales Channel
- Retail/Wholesale, Market Value (USD Million) and CAGR, 2023-2036F
- Direct Sales, Market Value (USD Million) and CAGR, 2023-2036F
- E-commerce, Market Value (USD Million) and CAGR, 2023-2036F
- By End-User
- Commercial, Market Value (USD Million) and CAGR, 2023-2036F
- Household, Market Value (USD Million) and CAGR, 2023-2036F
- Industrial, Market Value (USD Million) and CAGR, 2023-2036F
- By Geography
- Market Overview
- Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
- US, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Canada, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Europe LED Lighting Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
- Market Summary
- Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
- Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
- Year on Year Growth Forecast (%)
- By Product
- By Application
- By Sales Channel
- By End-User
- By Geography
- Market Overview
- Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
- Germany, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- UK, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Italy, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- France, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Spain, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- BENELUX, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Russia, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Poland, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Rest of Europe, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Asia Pacific Excluding Japan (APEJ) LED Lighting Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
- Market Summary
- Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
- Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
- Year on Year Growth Forecast (%)
- By Product
- By Application
- By Sales Channel
- By End-User
- By Geography
- Market Overview
- Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
- China, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- India, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Indonesia, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- South Korea, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Australia, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Singapore, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Malaysia, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- New Zealand, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Rest of APEJ, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Japan LED Lighting Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
- Market Summary
- Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
- Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
- Year on Year Growth Forecast (%)
- By Product
- By Application
- By Sales Channel
- By End-User
- Latin America LED Lighting Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
- Market Summary
- Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
- Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
- Year on Year Growth Forecast (%)
- By Product
- By Application
- By Sales Channel
- By End-User
- By Geography
- Market Overview
- Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
- Brazil, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Mexico, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Argentina, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Rest of Latin America, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Middle East and Africa LED Lighting Demand Outlook & Projections, 2022 to 2035: A Comprehensive Study for Stakeholders
- Market Summary
- Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
- Global LED Lighting Market Outlook & Projections, Opportunity Assessment by Segment
- Year on Year Growth Forecast (%)
- By Product
- By Application
- By Sales Channel
- By End-User
- By Geography
- Market Overview
- Market Revenue by Value (USD Million), Volume (Million Units), and Compound Annual Growth Rate (CAGR)
- Combined Gulf Countries, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Israel, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- South Africa, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Rest of MEA, Market Value (USD Million), Volume (Million Units), and CAGR, 2023-2036F
- Comprehensive Analysis of Leading Players in the Market
- Acuity Brands, Inc.
- Cree Lighting
- Dialight
- Digital Lumens, Incorporated.
- Hubbell
- LSI Industries Inc.
- Siteco GmbH
- Signify Holding
- Seoul Semiconductor Co., Ltd.
- Zumtobel Lighting GmbH
Japanese Players
- Panasonic Corporation
- Koizumi Lighting Technology Corp.
- ATEX Co., Ltd.
- Nichia Corporation
LED Lighting Market Outlook:
LED Lighting Market size was over USD 96.84 billion in 2025 and is anticipated to cross USD 239.99 billion by 2035, growing at more than 9.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of LED lighting is assessed at USD 105.12 billion.
The growth of the market is set to be dominated by the growing demand for electricity. Lighting makes up roughly 15% of a typical home's electricity consumption, and shifting to LED lighting may result in annual energy savings of USD 225 for the typical household.
Moreover, even though LEDs are more expensive than conventional incandescent bulbs, they nonetheless result in cost savings due to their long lifespan and extremely low energy use. However, LED light bulbs have grown significantly less expensive since their introduction to the market, and prices are projected to fall considerably as more products becomes accessible.
Key LED Lighting Market Insights Summary:
Regional Highlights:
- The Asia Pacific led lighting market is expected to capture 41% share by 2035, fueled by infrastructure modernization initiatives and smart city developments.
Segment Insights:
- The commercial segment in the led lighting market is projected to hold the largest share by 2035, driven by a growing number of commercial spaces globally.
- The e-commerce segment in the led lighting market is expected to experience the highest CAGR over 2026-2035, driven by rapid e-commerce growth offering global reach and lower costs.
Key Growth Trends:
- Growing Adoption of Smart LED Lighting with Integration of Internet of Things (IoT)
- Rising Efforts to Save Energy
Major Challenges:
- High Upfront Cost of LED Lighting
- Slow Sustainable Development of LED Lighting
Key Players: Acuity Brands, Inc., Cree Lighting, Dialight, Digital Lumens, Incorporated, Hubbell, LSI Industries Inc, Siteco GmbH, Signify Holding, Seoul Semiconductor Co., Ltd., Zumtobel Group AG, Panasonic Corporation, Koizumi Lighting Technology Corp, ATEX Co., Ltd, Nichia Corporation.
Global LED Lighting Market Forecast and Regional Outlook:
Market Size & Growth Projections:
- 2025 Market Size: USD 96.84 billion
- 2026 Market Size: USD 105.12 billion
- Projected Market Size: USD 239.99 billion by 2035
- Growth Forecasts: 9.5% CAGR (2026-2035)
Key Regional Dynamics:
- Largest Region: Asia Pacific (41% Share by 2035)
- Fastest Growing Region: Asia Pacific
- Dominating Countries: China, United States, Japan, Germany, South Korea
- Emerging Countries: China, India, Japan, South Korea, Thailand
Last updated on : 11 September, 2025
LED Lighting Market Growth Drivers and Challenges:
Growth Drivers
-
Growing Adoption of Smart LED Lighting with Integration of Internet of Things (IoT): As both businesses and customers progressively recognize the advantages of intelligent, energy-efficient, and connected lighting solutions, it is anticipated that the trend of smart LED lighting with IoT integration will expand rapidly. Smart lighting that is IoT-enabled may reduce energy expenditures associated with lighting by close to 79%, which is a big step toward sustainability. Hence, the market for LED lighting is expected to grow.
-
Rising Efforts to Save Energy: Light-emitting diode (LED) bulbs have been championed by governments and climate experts as an approach to the world's soaring power usage. Out of which lighting accounts for about 19% and accounts for approximately 5% of all carbon emissions. Without the use of LEDs, the world's energy use for lighting may increase by close to 59% by 2030.
- Surge in Efficiency in LED Lighting: Over the past few years, LED efficacy, or efficiency, has significantly increased. According to the model (directional, non-directional, or tubular), LEDs that are frequently offered in the home market have an efficacy of over 99 lumens per watt (lm/W). LEDs have surpassed all other economically viable alternatives in efficiency. Advanced LED modules (such as those composed of multiple-chip packages on a printed circuit board), for instance, or ongoing advancements in optics, could be utilized to make further advancements. As LEDs operate on direct current (DC), direct current (DC) grids additionally possess the potential to reduce losses associated with converting alternating current (AC) to DC.
Challenges
-
High Upfront Cost of LED Lighting - Compared to conventional lighting solutions such as incandescent or fluorescent bulbs, LED lighting solutions often have a greater upfront cost. Although LED lights have a longer lifespan and offer long-term cost benefits owing to their energy efficiency, the greater initial cost may prevent some customers from switching. Hence, this factor could restrain market growth.
-
Slow Sustainable Development of LED Lighting
-
Lack of Efficiency Under Heat
LED Lighting Market Size and Forecast:
| Report Attribute | Details |
|---|---|
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
9.5% |
|
Base Year Market Size (2025) |
USD 96.84 billion |
|
Forecast Year Market Size (2035) |
USD 239.99 billion |
|
Regional Scope |
|
LED Lighting Market Segmentation:
End-User Segment Analysis
The commercial segment in the LED lighting market is projected to garner the largest revenue share by the end of 2035. This growth in the segment could be influenced by a growing number of commercial spaces. For instance, it is anticipated that there are about 93,000 office spaces all across the globe. Therefore, the demand for LED lighting is also growing. Energy-efficient LED lighting can save a business or municipality an enormous amount of money. Moreover, little to no maintenance costs, environmental friendliness, safer working conditions, and higher productivity are further benefits of using LED lighting in commercial spaces.
Sales Channel Segment Analysis
LED lighting market from the e-commerce segment is expected to grow at the highest CAGR during the forecast period. E-commerce, which is rapidly growing, offers global marketing reach, enables online shopping, and often has lower operational costs for enterprises. The growing popularity of LED lighting through the E-commerce sales channel is being fueled by all of these reasons, which offer excellent incentives for companies and individuals interested in engaging in e-commerce.
Our in-depth analysis of the global market includes the following segments:
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Product |
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Application |
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Sales Channel |
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End-User |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
LED Lighting Market Regional Analysis:
APEJ Market Insights
The Asia Pacific LED lighting market is poised to dominate 41% revenue share by 2035, growing at a largest CAGR of 26.4% over the projected period. The market has been stimulated by the increasing need for LED lighting from the residential sector, particularly in China, India, and South Korea. Additionally, the swift expansion of the APAC market can be attributed to continuing infrastructure modernization initiatives in developing nations including China and India, where governments have encouraged the creation of numerous smart cities.
European Market Insights
The LED lighting market in Europe is also expected to expand substantially over the forecast period. To promote the use of energy-efficient lighting solutions, Europe has put in place strict laws and standards. For instance, the European Commission has endorsed a regulation that will forbid the sale of any fluorescent lighting in the EU after September 2023. Hence, this is projected to influence the market expansion for LED lighting in this region.
LED Lighting Market Players:
- Acuity Brands, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Cree Lighting
- Dialight
- Digital Lumens, Incorporated
- Hubbell
- LSI Industries Inc
- Siteco GmbH
- Signify Holding
- Seoul Semiconductor Co., Ltd.
- Zumtobel Group AG
- Panasonic Corporation
- Koizumi Lighting Technology Corp
- ATEX Co., Ltd
- Nichia Corporation
- Other Key Players
Recent Developments
- Verjure, a professional-grade horticulture LED lighting solution, has been introduced by Acuity Brands, Inc. It provides effective and reliable performance for indoor horticulture applications. The Verjure Pro Series LED luminaires were created utilizing academic, plant-based research and are intended to assist all phases of plant development, from veg to flower.
- Cree Lighting has introduced its J Series 5050C E Class LEDs, which have the best efficacy for high power LEDs in the industry: 228 lumens per watt (LPW) typical at 4000K, 70 CRI, and 1W. The new J Series LEDs provide up to three times as much light as comparable 5050 LEDs at the same level of efficiency. Additionally, these cutting-edge LEDs are made with high corrosion resistance for the harshest situations.
- Report ID: 5269
- Published Date: Sep 11, 2025
- Report Format: PDF, PPT
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