The global LED lighting market revenue was around US$ 77.79 billion in 2022 and is estimated to reach US$ 334.6 billion by 2031, growing at a compound annual growth rate (CAGR) of 17.6% during the forecast period from 2023 to 2031.
Light Emitting Diode is a solid-state light source. It can transform electrical energy straight into light energy. These devices are frequently employed in lamps to substitute incandescent light sources. This is anticipated to be one of the lighting technologies with the highest energy efficiency. This sort of diode can function more effectively, last longer, and produce brighter light compared to conventional lighting technologies.
Market Driving Factors
Regional Analysis
Asia Pacific dominated the market in terms of the highest revenue during the projection period. This is due to the rising energy-saving programs of local governments in emerging countries as well as the quickly evolving infrastructure projects in those regions, which are expected to boost demand for LED lighting. The expanding construction industries in Japan, China, and India, as well as the numerous manufacturers operating in these nations with a focus on launching new products, are expected to drive market growth.
Segmentation Insights
Product Insights
The lamp segment dominated the market in terms of the largest revenue and it is anticipated that this trend will hold throughout the projected period. This can be attributed to strong customer demand as a result of rising LED usage and the replacement of conventional lighting systems with LED ones.
Distribution Channel Insights
The online segment is anticipated to dominate the market in terms of the highest revenue during the projection period. This is due to the rising online shopping usage and the use of artificial intelligence in online buying.
End-user Insights
The residential segment is anticipated to dominate the market in terms of the largest revenue. This is due to the several advantages of installing light-emitting diode systems in houses. This type of lighting is popular with consumers, and it is expected to increase demand. Therefore, it is anticipated to fuel the market growth.
The industrial segment is also expected to dominate the market during the projection period. Furthermore, light-emitting diode devices are used frequently in residential and industrial enterprises, which can reduce their lifespan and necessitate their replacement. This significant amount of revenue is produced by the number of unit sales for these products. Thus, it boosts the market expansion.
Prominent Companies
Segmentation Outline
The global LED lighting market segmentation focuses on Product Type, Distribution Channel, End-user, and Region.
By Product Type
By Distribution Channel
By End-user
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL LED LIGHTING MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: LED LIGHTING MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL LED LIGHTING MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL LED LIGHTING MARKET, BY PRODUCT TYPE
5.1 OVERVIEW
5.2 LAMP
5.3 LUMINARIES
6 GLOBAL LED LIGHTING MARKET, BY DISTRIBUTION CHANNEL
6.1 OVERVIEW
6.2 ONLINE
6.3 OFFLINE
7 GLOBAL LED LIGHTING MARKET, BY END-USER
7.1 OVERVIEW
7.2 RESIDENTIAL
7.3 COMMERCIAL
7.4 INDUSTRIAL
7.5 OTHERS
8 GLOBAL LED LIGHTING MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL LED LIGHTING MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 ACUITY BRANDS LIGHTING INC.
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 SIGNIFY HOLDING
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 DIALIGHT
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 DIGITAL LUMENS INC.
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 HUBBELL LIGHTING
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 LSI INDUSTRIES INC
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 LUMIGROW
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 OSRAM
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 SYSKA LED
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 WIPRO
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
著作権 ©2022 無断複写・転載を禁じます