LED Globe Bulbs Market Revenue was valued at USD 6.2 Billion in 2024 and is estimated to reach USD 10.5 Billion by 2033, growing at a CAGR of 6.5% from 2026 to 2033.
The global LED globe bulbs market was valued at approximately USD 5.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 10.4% from 2023 to 2030. This growth is driven by increasing consumer demand for energy efficient lighting solutions and government regulations pushing for the phasing out of traditional incandescent bulbs. North America held a substantial market share in 2022, accounting for around USD 1.3 billion, due to the high adoption of smart home lighting and strong infrastructure support. Europe followed closely, contributing about USD 1.1 billion, boosted by environmental regulations and widespread usage of LED based lighting in both residential and commercial sectors. The Asia Pacific region, valued at USD 1.6 billion, led in terms of market volume, fueled by rapid urbanization, population growth, and expanding commercial infrastructure across countries such as China, Japan, and India.
Latin America and the Middle East & Africa accounted for smaller but growing segments, valued at USD 600 million and USD 500 million respectively, with rising interest in low energy lighting alternatives and improvements in electrification rates. Key market opportunities include the increasing integration of LED globe bulbs into smart lighting systems, driven by IoT adoption, and consumer preference for customizable ambiance lighting in both domestic and hospitality environments. Additionally, the shift towards sustainable construction practices and green building certifications has accelerated demand in both developed and emerging economies. The retrofitting of older infrastructure with LED lighting and ongoing innovations in design, brightness levels, and dimming capabilities further open up growth avenues, especially in the residential and commercial real estate sectors globally.
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Philips
Westinghouse
TCP
Geeni
Bioluz
Torchstar
Sunco Lighting
GE
iLC
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 LED Globe Bulbs Market
Standard LED Globe Bulbs
Smart LED Globe Bulbs
Low Wattage (Up to 5W)
Medium Wattage (6W to 15W)
High Wattage (Above 15W)
Warm White
Cool White
Daylight
E26/E27 Base
B22 Base
GU10 Base
Residential
Commercial
Industrial
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 LED Globe 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. Global LED Globe Bulbs Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global LED Globe Bulbs Market, By Type
6. Global LED Globe Bulbs Market, By Application
7. Global LED Globe Bulbs Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global LED Globe Bulbs Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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