LED Lighting Global Market Report 2023: Growing Number of Smart Homes Create Significant Demand

DUBLIN, March 8, 2023 /PRNewswire/ -- The "LED Lighting: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global LED Lighting Market to Reach $94 Billion by 2030

In the changed post COVID-19 business landscape, the global market for LED Lighting estimated at US$55.4 Billion in the year 2022, is projected to reach a revised size of US$94 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2022-2030. Lamps, one of the segments analyzed in the report, is projected to record 7.6% CAGR and reach US$36.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Luminaires segment is readjusted to a revised 6.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $8.9 Billion, While China is Forecast to Grow at 8.3% CAGR

The LED Lighting market in the U.S. is estimated at US$8.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$17.7 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.

Select Competitors (Total 190 Featured) -

• Acuity Brands Lighting, Inc.
• Bajaj Electricals Ltd.
• Crompton Greaves Ltd.
• Current, Powered by GE
• Fagerhult Group
• Feilo Sylvania
• Feit Electric Company
• FW Thorpe Plc
• Havells India Limited
• Hubbell Lighting, Inc.
• LG Corporation
• NVC Lighting Technology Corporation
• Opple Lighting Co., Ltd.
• Osram GmbH
• Panasonic Corporation
• Signify Holding BV
• SCHREDER SA
• Sharp Electronics Corporation
• Toshiba Lighting & Technology Corporation
• TRILUX GmbH & Co. KG
• Ultra LEDs Limited
• Zumtobel Group AG

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• LED Lighting: An Introduction
• Market Facts
• LED and Other Lighting Technologies: A Comparison
• LED's Longevity and Digital Connectivity to Aid Lighting Industry Achieve Sustainability
• Key Drivers for LED Lighting Demand
• Adoption of Energy-Efficient Lighting Options
• Supportive Policies and Regulations
• Growing Significance of Energy-Efficient Certifications
• Non-Residential Buildings: Key Growth Areas for LED Lighting Manufacturers
• Emphasis on Achieving Energy and Cost Savings amidst Spiraling Electricity Consumption: The Fundamental Growth Driver
• Market Outlook
• industrial Commercial LED Lighting Market to Witness Strong Growth
• Emerging Markets Lead Growth Prospects
• LED Luminaires: The Leading Segment
• Leading LED Producing Countries Worldwide
• China: Largest LED Producer Worldwide
• Competition
• LED Lighting Marketplace: Highly Competitive and Fragmented
• Competitive Landscape in the Global Market for LED Lighting: Leading Companies by Geographic Region
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Smart Intelligent LED Lighting Catalyze Growth Prospects
• Li-Fi to Emerge as Game Changer
• Growing Number of Smart Homes Create Significant Demand
• Smart Cities Drive Installation of Smart & Connected Lighting Systems
• Smart Street Lighting
• LED Chips Offering Higher Lumens per Watt and More Savings Drive Demand in Industrial Applications
• Rise in Integration of LED Lighting in Industrial Automation
• LED Components Witnessing Continued Advancements to Result in Increased Growth for LED Lighting Market
• LED Grows as the Preferred Medium of Lighting in Horticulture
• Growing Focus on Tourism Drives Demand for Architectural and Landscape Lighting
• Organic LEDs (OLEDs): The Future Growth Avenue
• Exceptional Color Rendering of LEDs Spurs Penetration in the Retail Display Segment
• Increasing Adoption of LEDs in Innovative Niche Lighting Markets Favor Market Expansion
• Focus of SSL Technology Augurs Well for the Market
• Favorable Demographic Trends Strengthens Market Prospects
• World Population by Geographic Region (in Millions): 2010-2040
• Rise in Urbanization Drive Development of Higher Quality, More Efficient, and Longer Lasting LED Solutions
• World Urban Population in Thousands: 1950-2050
• Burgeoning Middle Class Population
• Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
• Select Product Innovations and Developments

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/kh2dud

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