"Light-Emitting Diode (LED) Lighting Market – Industry Trends and Forecast to 2030

Global LED Lighting Market, By Product (Lamps and Luminaires), Device Configuration (Pinned, Chip on Board, Surface-mounted, and Others),  Technology (Basic, High Brightness, Organic Light-Emitting Diode (OLED), Ultra Violet, and Polymer), Distribution Channel (Direct Sales and Wholesale/Retail), Application (Indoor and Outdoor), End-Use (Commercial, Residential, Industrial, and Others) – Industry Trends and Forecast to 2031.

The global LED lighting market size was valued at USD 71.86 billion in 2023 and is projected to reach USD 202.13 billion by 2031, with a CAGR of 13.80% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detaiLED and updated price trend analysis and deficit analysis of supply chain and demand.

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LED lighting stands for Light Emitting Diode lighting. It is a type of lighting technology that uses light-emitting diodes as a illumination source. LEDs are semiconductor devices that emit light when an electric current passes through them. LED lighting is known for its energy efficiency, long lifespan, and durability compared to traditional incandescent and fluorescent lights.

**Segments**

- **Product Type**: The LED lighting market can be segmented by product type into LED Bulbs, LED Fixtures, and Others. LED bulbs are widely used for residential and commercial lighting applications due to their energy efficiency and long lifespan. LED fixtures encompass a wide range of products, including LED tubes, panels, and street lights. The 'others' category may include specialty LED lighting products for niche applications.

- **Application**: By application, the LED lighting market is categorized into residential, commercial, industrial, and outdoor lighting. Residential applications include lighting for homes, apartments, and other living spaces. The commercial sector covers lighting needs in offices, retail stores, and other commercial establishments. Industrial applications involve lighting for factories, warehouses, and production facilities. Outdoor lighting includes street lights, parking lot lights, and architectural lighting for outdoor spaces.

- **Distribution Channel**: The distribution channel segment includes online retail, offline retail, and direct sales. Online retail channels have gained popularity due to the convenience of shopping for LED lighting products from e-commerce platforms. Offline retail channels consist of brick-and-mortar stores, specialty lighting shops, and home improvement stores. Direct sales involve manufacturers selling LED lighting products directly to consumers or businesses.

**Market Players**

- **Philips Lighting (Signify)**
- **Osram GmbH**
- **General Electric Company (GE)**
- **Cree, Inc.**
- **Zumtobel Group**
- **Eaton**
- **Acuity Brands, Inc.**
- **Hubbell**
- **Panasonic Corporation**
- **Samsung Electronics Co., Ltd.**

The global LED lighting market is characterized by intense competition among key players who are continuously innovating to offer energy-efficient and cost-effective lighting solutions. Philips Lighting (Signify), Osram GmbH, and General Electric Company (GE) are some of the leading players in the market with a strong global presence and a diverse product portfolio. Companies like Cree, Inc., Zumtobel Group, andThe global LED lighting market is forecasted to witness significant growth in the coming years, driven by the increasing adoption of energy-efficient lighting solutions, government initiatives promoting sustainable practices, and the growing awareness about the benefits of LED technology. Key market players such as Philips Lighting (Signify), Osram GmbH, and General Electric Company (GE) are investing heavily in research and development to introduce innovative products that cater to a wide range of applications and market segments.

Philips Lighting (Signify) stands out in the LED lighting market with a strong brand presence and a diverse product portfolio that includes a wide range of LED bulbs, fixtures, and specialty lighting solutions. The company's focus on sustainability and energy efficiency has helped it gain a competitive edge in the market. Osram GmbH is another major player in the LED lighting industry known for its high-quality products and innovative lighting technologies. The company offers a comprehensive range of LED lighting solutions for residential, commercial, and industrial applications.

General Electric Company (GE) is also a key player in the global LED lighting market, leveraging its extensive experience in the lighting industry to develop advanced LED products that meet the evolving needs of customers. With a focus on energy efficiency and long-term cost savings, GE remains at the forefront of the LED lighting market. Cree, Inc. is a notable player known for its commitment to manufacturing high-performance LED lighting products for various applications. The company's focus on product quality and innovation has helped it establish a strong presence in the market.

Zumtobel Group, Eaton, Acuity Brands, Inc., Hubbell, Panasonic Corporation, and Samsung Electronics Co., Ltd., are also significant players in the global LED lighting market, each bringing unique strengths and capabilities to the industry. These companies continue to invest in research and development to introduce innovative products that drive market growth and address emerging customer needs.

Overall, the global LED lighting market is characterized by intense competition, technological advancements, and a focus on sustainability and energy efficiency. Key players are striving to differentiate themselves**Global LED Lighting Market, By Product (Lamps and Luminaires), Device Configuration (Pinned, Chip on Board, Surface-mounted, and Others), Technology (Basic, High Brightness, Organic Light-Emitting Diode (OLED), Ultra Violet, and Polymer), Distribution Channel (Direct Sales and Wholesale/Retail), Application (Indoor and Outdoor), End-Use (Commercial, Residential, Industrial, and Others) – Industry Trends and Forecast to 2031.**

The global LED lighting market is witnessing significant growth propelled by the increasing demand for energy-efficient lighting solutions across various sectors. The market is segmented by product type into LED bulbs, LED fixtures, and others, with LED bulbs being widely used in residential and commercial lighting applications due to their energy efficiency and long lifespan. LED fixtures include a diverse range of products like tubes, panels, and street lights, catering to different lighting requirements. Specialty LED lighting products fall under the 'others' category, catering to niche applications.

In terms of applications, the LED lighting market is segmented into residential, commercial, industrial, and outdoor lighting. Residential applications encompass lighting needs in homes and apartments, while the commercial sector focuses on lighting solutions for offices and retail spaces. Industrial applications involve lighting in factories and warehouses, while outdoor lighting includes street lights, parking lot lights, and architectural lighting. These diverse applications contribute to the widespread adoption of LED lighting solutions.

The distribution channel segment includes online retail, offline retail, and direct sales channels. Online retail

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Light-Emitting Diode (LED) Lighting Market Landscape

Part 04: Global Light-Emitting Diode (LED) Lighting Market Sizing

Part 05: Global Light-Emitting Diode (LED) Lighting Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Light-Emitting Diode (LED) Lighting Key Benefits over Global Competitors:

• The report provides a qualitative and quantitative analysis of the Light-Emitting Diode (LED) Lighting Market trends, forecasts, and market size to determine new opportunities.
• Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
• Top impacting factors & major investment pockets are highlighted in the research.
• The major countries in each region are analyzed and their revenue contribution is mentioned.
• The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients

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