South Korea LED Light Bulbs Market was valued at USD 1.85 Billion in 2022 and is projected to reach USD 3.52 Billion by 2030, growing at a CAGR of 8.6% from 2024 to 2030.
The LED light bulbs market in South Korea has been steadily expanding, driven by the country’s commitment to sustainable development and energy efficiency. As industries across the nation shift toward more eco-friendly solutions, LED lighting has emerged as the go-to choice for businesses aiming to reduce energy consumption and operational costs. South Korea’s LED light bulbs market is witnessing a surge in demand, with numerous sectors recognizing the economic and environmental benefits of adopting LED technology.
Industries in South Korea, including commercial, industrial, and residential sectors, are increasingly relying on LED lighting due to its energy efficiency, longer lifespan, and lower maintenance costs. With the rapid industrialization and urbanization of the country, companies are seeking sustainable lighting options that not only cut down on electricity consumption but also align with environmental regulations set by the government.
The demand for LED bulbs in South Korea is especially prominent in large-scale commercial and manufacturing facilities, where lighting systems are crucial for 24/7 operations. These industries require reliable, long-lasting lighting solutions that reduce energy consumption and enhance the work environment. LED light bulbs, being both cost-effective and durable, fit the bill perfectly. Furthermore, the increased focus on smart lighting systems in sectors like hospitality, retail, and real estate is accelerating the transition to LED solutions.
Alongside industrial growth, residential areas in South Korea are also embracing LED light bulbs. With rising energy prices and a push for sustainability, consumers are making the switch to energy-efficient bulbs to lower their monthly utility bills. Residential demand for LED lighting is expected to grow rapidly as South Koreans become more conscious of energy usage and its impact on the environment.
The LED light bulbs market in South Korea is expected to continue its upward trajectory as businesses and households alike demand more efficient and eco-friendly lighting options. Government incentives for energy-saving technologies and rising awareness of the long-term savings associated with LED lighting will further bolster the market's growth, making it an essential part of South Korea’s future infrastructure.
Get an In-Depth Research Analysis of the South Korea LED Light Bulbs Market Size And Forecast [2025-2032]
Philips (Signify)
MLS (including Ledvance)
Savant Systems Inc. (including GE Lighting)
Panasonic
Toshiba
FSL
Opple
Yankon Lighting
NVC (ETI)
Ideal Industries Inc. (including Cree Lighting)
Technical Consumer Products
Inc.
Shanghai Feilo Acoustics
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the South Korea LED Light Bulbs Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the South Korea LED Light Bulbs Market
Incandescent
Halogen
Compact Fluorescent Lamp (CFL)
LED
Residential
Commercial
Industrial
Outdoor
A-shaped
BR-shaped
GU10-shaped
PAR-shaped
Tubular
Low Wattage (Below 10W)
Medium Wattage (10W-20W)
High Wattage (Above 20W)
Low Brightness (Up to 400 lumens)
Medium Brightness (400-800 lumens)
High Brightness (Above 800 lumens)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
For More Information or Query, Visit @ South Korea LED Light Bulbs Market Research Analysis
1. Introduction of the South Korea LED Light Bulbs Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea LED Light Bulbs Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea LED Light Bulbs Market, By Type
6. South Korea LED Light Bulbs Market, By Application
7. South Korea LED Light Bulbs Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea LED Light Bulbs Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/