LED 조명 시장 규모, 점유율, 성장 분석 : 제품 유형별, 설치 장소별, 판매 채널별, 지역별 - 산업 예측(2024-2031년)

Global LED Lighting Market size was valued at USD 63.83 billion in 2022 and is poised to grow from USD 70.94 billion in 2023 to USD 168.87 billion by 2031, growing at a CAGR of 11% in the forecast period (2024-2031).

The global shift towards energy-efficient LED lighting presents a significant market opportunity, with potential electricity savings estimated at USD 18 billion and a reduction of over 160 million metric tonnes in annual carbon dioxide emissions. Lighting accounts for nearly 10% of residential electricity consumption and 18% to 40% in commercial settings, highlighting the large potential for energy conservation. By 2031, the demand for electricity for lighting is projected to decrease by 30% to 40%, driven by increasing consumer awareness of environmental issues and government-driven energy efficiency regulations. Prominent initiatives like New York's plan to convert 250,000 streetlights to LEDs and Barcelona's installation of smart streetlights reflect global trends in urban lighting. The U.S. Department of Energy forecasts that LEDs will comprise over 75% of outdoor luminaire exports by 2031, further reinforcing their market dominance. Enhanced efficacy of LED technologies is anticipated to rise by an additional 50%, amplifying their appeal. Additionally, corporate investments in smart lighting technologies from key players such as Philips, Magiclight, and Xiaomi signal a shift towards advanced lighting solutions. Philips, with products like Philips Hue-integrated with voice assistant compatibility-continues to lead the market. Therefore, this movement towards LED lighting not only aligns with sustainability goals but also positions businesses strategically within an evolving and lucrative sector focused on energy efficiency and smart technology integration.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Led Lighting market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Led Lighting Market Segmental Analysis

Global LED Lighting Market is segmented by Product type, Installation, Sales Channel, Application and region. Based on Product type, the market is segmented into Lamps, and Luminaires. Based on Installation, the market is segmented into New and Retrofit. Based on Sales Channel, the market is segmented into Retail/Wholesale, Direct Sales and E-commerce. Based on Application, the market is segmented into Indoor, and Outdoor. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Led Lighting Market

The global LED lighting market is primarily driven by the advantages that LED technology offers over traditional lighting solutions. Comprising essential components such as light-emitting diodes, electronic drivers, cooling systems, and optics, LED lighting is more durable and less fragile than conventional high-wattage bulbs. This technology dramatically lowers maintenance costs due to its long lifespan, which ranges from 30,000 to 50,000 hours compared to just 1,000 to 8,000 hours for incandescent bulbs. Moreover, LED lights are energy-efficient, consuming approximately 50% less electricity than halogen or fluorescent options, leading to significant energy savings and reduced expenses. With low voltage operation, non-UV emissions, and design flexibility, LED lighting is gaining traction among businesses and communities. This trend is further supported by enhanced visibility and safety at construction sites, driving the demand for LED installations as companies seek better returns on investment and overall efficiency in their lighting systems, thereby propelling market growth through 2030.

Restraints in the Global Led Lighting Market

One of the key challenges facing the global LED lighting market is the need to offer affordable pricing that appeals to the majority of consumers while simultaneously encouraging reduced expenses on energy bills and maintenance. Despite the numerous advantages associated with LED lighting, many individuals continue to favor traditional fluorescent options. This preference is exacerbated by a general lack of awareness regarding the benefits of LED technologies, resulting in a higher revenue share for fluorescent lamps. Furthermore, the upfront cost of LED solutions tends to surpass that of incandescent bulbs, and the emergence of inexpensive lighting alternatives with shorter lifespans is likely to hamper the broader adoption of LED lighting in the immediate future.

Market Trends of the Global Led Lighting Market

The Global LED Lighting market is experiencing significant growth influenced by rapid urbanization and an increasing focus on sustainable energy solutions. As urban areas expand, particularly in the Asia Pacific region, government initiatives promoting energy-efficient technologies have catalyzed widespread adoption of LED systems across commercial, industrial, and residential sectors. Legislative measures and financial incentives aimed at reducing energy consumption are driving investments in LED lighting, which is perceived as a cost-effective and environmentally friendly alternative to traditional lighting. This trend is set to continue, positioning the Asia Pacific as a vital hub for LED innovation and market expansion.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Technological Advancement
• Regulatory Landscape
• Case Studies
• Customer & Buying Criteria Analysis
• Trade Analysis

Global LED Lighting Market Size by Product type & CAGR (2024-2031)

• Market Overview
• Lamps
  • A-Type
  • T-Type
  • Other Lamp Types
  • Type-B
  • Type-C LE Lamps
• Luminaires
  • Downlighting
  • Decorative Lighting
  • Directional Lighting
  • Other Luminaire Types
  • Surface Mounted
  • In-ground
  • Pendant Luminaires

Global LED Lighting Market Size by Installation & CAGR (2024-2031)

• Market Overview
• New
• Retrofit

Global LED Lighting Market Size by Sales Channel & CAGR (2024-2031)

• Market Overview
• Retail/Wholesale
• Direct Sales
• E-commerce

Global LED Lighting Market Size by Application & CAGR (2024-2031)

• Market Overview
• Indoor
  • Residential
  • Commercial
  • Offices
  • Retail Stores
  • Horticulture Gardens
  • Others
  • Hotels & Restaurants
  • Industrial
  • Other Indoor Applications
  • Government Buildings & Public Spaces
• Outdoor
  • Streets and Roadways
  • Architectural Buildings
  • Sports Complexes
  • Tunnels
  • Other Outdoor Applications
  • Urban Landscapes
  • Parks
  • Plazas
  • Event Lighting

Global LED Lighting Market Size & CAGR (2024-2031)

• North America, (Product type, Installation, Sales Channel, Application)
  • US
  • Canada
• Europe, (Product type, Installation, Sales Channel, Application)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Product type, Installation, Sales Channel, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Product type, Installation, Sales Channel, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Product type, Installation, Sales Channel, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Nichia Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Osram (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Everlight Electronics (Taiwan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Cree Lighting (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Samsung LED (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Citizen Electronics (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Signify (Philips Lighting) (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dialight (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zumtobel Group (Austria)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Acuity Brands (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lite-On Technology (Taiwan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Syska LED (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Havells India Ltd. (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LSI Industries (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Leedarson Lighting (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hubbell Lighting (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Intematix (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LEDVANCE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Heliospectra (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation