Light Emitting Diodes Lighting Equipment Market size was valued at USD 75.23 Billion in 2024 and is projected to reach USD 134.45 Billion by 2033, exhibiting a CAGR of 7.25% from 2026 to 2033.
The global Light Emitting Diodes (LED) Lighting Equipment Market was valued at approximately USD 50.2 billion in 2022, with an expected compound annual growth rate (CAGR) of 10.8% from 2023 to 2030. This growth is driven by increasing demand for energy efficient lighting solutions and rising adoption of LED technologies across various sectors such as residential, commercial, and industrial applications. The market size is anticipated to reach over USD 133.6 billion by 2030, reflecting a strong upward trajectory due to the growing focus on sustainability, government regulations promoting energy efficient solutions, and advancements in LED technologies. Additionally, the rapid development of smart city initiatives and the surge in the use of LEDs in automotive and street lighting are further contributing to the markets expansion.
Regionally, North America held a significant share of the market in 2022, contributing nearly 30% of the global revenue. The U.S. and Canada are witnessing a shift toward energy efficient lighting solutions, which is positively impacting market growth. Europe follows with a substantial share, driven by stringent regulations regarding energy efficiency and sustainability, with countries such as Germany and the UK leading the adoption of LED lighting. The Asia Pacific region is expected to experience the highest growth rate, with countries like China, India, and Japan driving demand due to rapid urbanization and government initiatives promoting energy efficient lighting. The Middle East and Africa are also emerging markets, with substantial opportunities in countries such as Saudi Arabia and the UAE, where infrastructure development and demand for modern lighting solutions are on the rise.
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GE Lighting
Philips lighting
OSRAM
ARRI Group
ABB(Cooper Industries)
Toyoda Gosei
Cree
Samsung
Nichia
EKTA
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. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Light Emitting Diodes Lighting Equipment Market
Indicator & Signage LEDs
General Lighting LEDs
Automotive LEDs
Backlighting LEDs
Others
Residential Lighting
Commercial Lighting
Industrial Lighting
Architectural Lighting
Automotive Lighting
Low Wattage LEDs (Less than 5W)
Medium Wattage LEDs (5W to 50W)
High Wattage LEDs (Above 50W)
Residential
Commercial
Industrial
Government & Public Infrastructure
Online
Offline
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Light Emitting Diodes Lighting Equipment 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. Global Light Emitting Diodes Lighting Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Light Emitting Diodes Lighting Equipment Market, By Type
6. Global Light Emitting Diodes Lighting Equipment Market, By Application
7. Global Light Emitting Diodes Lighting Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Light Emitting Diodes Lighting Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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