1. Market Research
  2. > Electronics
  3. > Industrial Electronics
  4. > Lighting Market Trends
LED Light Engine Market by Product Type, Installation Type, End-Use Application And Geography - Forecast to 2024

LED Light Engine Market by Product Type, Installation Type, End-Use Application And Geography - Forecast to 2024

  • June 2019
  • 142 pages
  • ID: 5781859
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

LED light engine market to grow at steady rate from 2019 to 2024
The LED light engine market is expected to be valued at USD 30.0 billion in 2019 and is anticipated to reach USD 59.5 billion by 2024 growing at a CAGR of 14.7% from 2019 to 2024. Rising demand for energy-saving lighting systems; development and modernization of infrastructure, for example, smart cities; availability of low price LEDs; entrance of LEDs as light sources in general lighting; and accelerating growth of LED technology over conventional lighting technology are key factors influencing the market growth of LED light engines.

Luminaires to record highest CAGR in LED light engine market during forecast period
The LED light engine market for luminaires is expected to grow at the highest CAGR as luminaires hold the major market share in the LED lighting system. Increasing consumer awareness about conserving energy and installing lighting systems with high energy efficiency is expected to boost the LED lighting market for luminaires, which in turn is expected to drive the market for LED light engines during the forecast period.

LED light engine market for new installations to lead market during forecast period
New installation refers to the installation of completely new LED lighting systems containing the new generation LED lamps and luminaires with built-in light engines.Unlike retrofit installation, which partially replaces the lighting systems, new installation completely replaces a traditional lighting system after fully phasing out the lamps, their assorted controls, and fixtures, with the LED lamps and their associated controls and fixtures.

The growing market for infrastructure buildings (of which residential holds major chunk) across the globe is demanding effective lighting solutions, which in turn is driving the market for LED light engines for new installations.

Outdoor lighting to be the highest growing end-use application in LED light engine market
The end-use applications considered under the outdoor lighting applications include lighting for railway stations, airports, highways & roadways, bridges and tunnels, architectural lighting, lighting in public places, such as stadiums and parks, and other lighting applications, including harbors.The high growth rate of outdoor lighting applications is attributed to increasing infrastructural activities across the globe.

Other factors, such as low maintenance costs and low power consumption make LED lighting a good choice for outdoor lighting.

APAC to dominate LED light engine market during forecast period
The market in APAC is expected to grow at the highest CAGR during the forecast period.The combination of multiple factors makes APAC the most dynamic region in the LED light engine market.

The reason for APAC to be the leading market is: it is home to some of the top players in the LED light engine market, such as Sharp Corporation (Japan) and Samsung (South Korea).Besides this, APAC has a very large population with a standard of living that is improving every day, and there is an increasing growth of smart homes.

The countries of the APAC region are also introducing legislations for energy efficiency and LED lighting.

Breakdown of Profiles of Primary Participants:
In the process of determining and verifying the market size for several segments and subsegments of the LED lighting gathered through the secondary research, extensive primary interviews have been conducted with key experts.

The breakup of the profiles of primary participants is shown below.
• By Company Type: Tier 1 – 20%, Tier 2 – 45%, and Tier 3 – 35%
• By Designation: C-Level Executives– 35%, Directors– 25%, and Others – 40%
• By Region: North America – 20%, Europe – 45%, APAC – 20%, and RoW – 15%

The major players profiled in this report are as follows:
• Signify Lighting NV (Netherlands)
• OSRAM Licht AG (Germany)
• GE lighting (US)
• Cree, Inc. (US)
• Hubbell Inc. (US)
• Zumtobel Group AG (Austria)
• Wipro Enterprises (P) Ltd. (India)
• Samsung Electronics (South Korea)
• LG Innotek (South Korea)
• Legrand SA (France)
• Glamox AS (Norway)
• Lutron Electronics Co., Inc. (US)

Research Coverage
The product type segment of the report covers the market size for lamps and luminaires of an LED light engine.The installation type segment covers the different types of installations, namely, new installation and retrofit installation.

The end-use application segment covers indoor lighting and outdoor lighting. The report also covers market dynamics such as drivers, restraints, opportunities, and challenges for the LED light engine market.

Reasons to buy the report
The report would help the key players/new entrants in this market in the following ways.
1. This report segments the LED light engine market comprehensively and provides the closest approximations of the overall market size and that of the subsegments across different verticals and geography.
2. The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes competitor ecosystem, product launches and developments, partnerships, and mergers and acquisitions carried out in the market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Infrared Light-emitting Diodes Industry

  • $ 4950
  • September 2020
  • 188 pages

Global Infrared Light-emitting Diodes Market to Reach $782.6 Million by 2027 Amid the COVID-19 crisis, the global market for Infrared Light-emitting Diodes estimated at US$361.5 Million in the year 2020, ...

Global Micro-LED Industry $ 4950 July 2020


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on