LED Lighting Global Market Report 2023: Growing Number of Smart Homes Create Significant Demand

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DUBLIN, March 8, 2023 /PRNewswire/ — The “LED Lighting: Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global LED Lighting Market to Reach $94 Billion by 2030

In the changed post COVID-19 business landscape, the global market for LED Lighting estimated at US$55.4 Billion in the year 2022, is projected to reach a revised size of US$94 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030. Lamps, one of the segments analyzed in the report, is projected to record 7.6% CAGR and reach US$36.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Luminaires segment is readjusted to a revised 6.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $8.9 Billion, While China is Forecast to Grow at 8.3% CAGR

The LED Lighting market in the U.S. is estimated at US$8.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$17.7 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.

Select Competitors (Total 190 Featured) –

  • Acuity Brands Lighting, Inc.
  • Bajaj Electricals Ltd.
  • Crompton Greaves Ltd.
  • Current, Powered by GE
  • Fagerhult Group
  • Feilo Sylvania
  • Feit Electric Company
  • FW Thorpe Plc
  • Havells India Limited
  • Hubbell Lighting, Inc.
  • LG Corporation
  • NVC Lighting Technology Corporation
  • Opple Lighting Co., Ltd.
  • Osram GmbH
  • Panasonic Corporation
  • Signify Holding BV
  • Sharp Electronics Corporation
  • Toshiba Lighting & Technology Corporation
  • TRILUX GmbH & Co. KG
  • Ultra LEDs Limited
  • Zumtobel Group AG

What`s New for 2023?

  • Special coverage on RussiaUkraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • LED Lighting: An Introduction
  • Market Facts
  • LED and Other Lighting Technologies: A Comparison
  • LED’s Longevity and Digital Connectivity to Aid Lighting Industry Achieve Sustainability
  • Key Drivers for LED Lighting Demand
  • Adoption of Energy-Efficient Lighting Options
  • Supportive Policies and Regulations
  • Growing Significance of Energy-Efficient Certifications
  • Non-Residential Buildings: Key Growth Areas for LED Lighting Manufacturers
  • Emphasis on Achieving Energy and Cost Savings amidst Spiraling Electricity Consumption: The Fundamental Growth Driver
  • Market Outlook
  • industrial Commercial LED Lighting Market to Witness Strong Growth
  • Emerging Markets Lead Growth Prospects
  • LED Luminaires: The Leading Segment
  • Leading LED Producing Countries Worldwide
  • China: Largest LED Producer Worldwide
  • Competition
  • LED Lighting Marketplace: Highly Competitive and Fragmented
  • Competitive Landscape in the Global Market for LED Lighting: Leading Companies by Geographic Region
  • Recent Market Activity



  • Smart Intelligent LED Lighting Catalyze Growth Prospects
  • Li-Fi to Emerge as Game Changer
  • Growing Number of Smart Homes Create Significant Demand
  • Smart Cities Drive Installation of Smart & Connected Lighting Systems
  • Smart Street Lighting
  • LED Chips Offering Higher Lumens per Watt and More Savings Drive Demand in Industrial Applications
  • Rise in Integration of LED Lighting in Industrial Automation
  • LED Components Witnessing Continued Advancements to Result in Increased Growth for LED Lighting Market
  • LED Grows as the Preferred Medium of Lighting in Horticulture
  • Growing Focus on Tourism Drives Demand for Architectural and Landscape Lighting
  • Organic LEDs (OLEDs): The Future Growth Avenue
  • Exceptional Color Rendering of LEDs Spurs Penetration in the Retail Display Segment
  • Increasing Adoption of LEDs in Innovative Niche Lighting Markets Favor Market Expansion
  • Focus of SSL Technology Augurs Well for the Market
  • Favorable Demographic Trends Strengthens Market Prospects
  • World Population by Geographic Region (in Millions): 2010-2040
  • Rise in Urbanization Drive Development of Higher Quality, More Efficient, and Longer Lasting LED Solutions
  • World Urban Population in Thousands: 1950-2050
  • Burgeoning Middle Class Population
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Select Product Innovations and Developments




For more information about this report visit https://www.researchandmarkets.com/r/kh2dud

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