1. Market Research
  2. > Electronics
  3. > Industrial Electronics
  4. > Lighting Market Trends
LED Lighting Market Size, Share & Trends Analysis Report By Product, By Application, By End Use, By Region And Segment Forecasts, 2022 - 2030

LED Lighting Market Size, Share & Trends Analysis Report By Product, By Application, By End Use, By Region And Segment Forecasts, 2022 - 2030

  • April 2022
  • 140 pages
  • ID: 6278018
  • Format: PDF
  • Grand View Research


Table of Contents

LED Lighting Market Size, Share & Trends Analysis Report By Product (Lamps, Luminaires), By Application (Indoor, Outdoor), By End Use (Commercial, Residential, Industrial), By Region, And Segment Forecasts, 2022 - 2030

LED Lighting Market Growth & Trends

The global LED lighting market size is anticipated to reach USD 132.96 billion by 2030, expanding at a CAGR of 10.5% from 2022 to 2030. Increasing consumer demand for energy-efficient lighting solutions is expected to increase demand for LED lighting products such as A-lamps and T-lamps. LED lighting offers advantages such as less heat emission, more bright light, energy-saving, and low cost which is attracting consumers. These mentioned benefits of LED lighting compared to other lighting solutions and high demand from the construction sector for residential & commercial applications are factors expected to drive market.

In addition, auto manufacturers are focused on introducing vehicles with an unmistakable modern look to attract customers.LED lighting solutions provide players the flexibility to manufacture products with complex shapes, compact sizes with aesthetic design, resulting in high adoption of LED lighting solutions from automotive manufacturers.

This high adoption of LEDs from auto manufacturers in headlight, fog light, and interior lighting applications is expected to support the target market growth.

Moreover, rapid advancements in semiconductor technology, coupled with favorable government policies and initiatives to encourage the adoption of LED lighting technology are aspects driving the market growth.Major players approach towards introduction of advanced products with long service life, Wi-Fi enabled, nanosecond switching, and are flicker-free which is expected to support the target market growth.

For instance, in August 2021, Signify N.V., a lighting solution provider announced the launch of smart LED downlighter, T-Bulb, T-Beamer, and Batten under Wiz smart bulb brand portfolio. The newly launched products operate on Wi-Fi and are expected to attract new customers to support company growth.

A noticeable increase in construction activities in the industrial sector, coupled with rising demand for energy-efficient lighting solutions is expected to positively impact the target market growth.However, the global outbreak of COVID-19 had slowdown the construction and infrastructure development activities resulting in low demand for LED lighting.

Also, low awareness among consumers related to installation costs are factors challenging the market growth.

COVID-19 negatively impacted the industry.With strict lockdown imposed by government at workplaces including manufacturing facilities, resulting in halt at production plants disrupted the supply chain, further stopping the production of lights.

However, post-second-quarter 2021 the market started to witness growth as the government took off the imposed regulation.

LED Lighting Market Report Highlights
• The flourishing hospitality sector globally is resulting in a demand for an advanced lighting solution that would enhance the aesthetic of hotels and resorts and also save energy consumption. This factor contributes to the market growth
• The LED luminaires segment dominated the global market with more than 55.7% share in 2021 and is expected to continue its dominance due to increasing demand from the commercial & industrial sectors
• The Asia Pacific accounts for a major revenue share of 42.8% in the global market in 2021. This can be attributed to the rapid increase in infrastructure development projects in developing countries, coupled with rising awareness among consumers related to the benefits of LED such as energy-saving, bright light, and low cost

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.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace 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 [email protected] 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 - [email protected] 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

North America Cabinet LED Lighting Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type and Application

  • $ 3000
  • May 2022
  • 129 pages

The North America cabinet LED lighting market size is expected to grow from US$ 1,983.30 million in 2021 to US$ 3,691.22 million by 2028. It is estimated to grow at a CAGR of 9.3% from 2022 to 2028. Cabinet ...

  • North America
  • Lighting
  • LED
  • Industry analysis
  • Disposable Income
  • Greenhouse Gas Emissions


Reportlinker.com © Copyright 2022. 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