LED Lighting Market Summary, Competitive Analysis and Forecast to 2027

LED Lighting Market Summary, Competitive Analysis and Forecast to 2027
Summary

Global LED Lighting industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key HighlightsLED lamps or luminaires are long-lasting and provide quality lighting than fluorescent or compact fluorescent or halogen incandescent or incandescent light bulbs. In LED lighting, LEDs are incorporated into lamps and luminaires for general lighting purposes. Both indoor and outdoor LED lightings are in our scope. Indoor LED lighting includes A-Type, decorative, directional, small directional, downlighting, linear fixture, and low/high bay. Outdoor LED lighting scope includes street/roadway, parking garage, parking lot, and building exterior.The global LED lighting market had total revenues of $61.1 billion in 2022, representing a compound annual growth rate (CAGR) of 8.3% between 2017 and 2022.The residential segment accounted for the market's largest proportion in 2022, with total revenues of $25.5 billion, equivalent to 41.6% of the market's overall value.The growth of the market in 2022 is attributed to the growing residential and non-residential construction, huge energy savings, durability and long life over incandescent light bulbs, and better light quality than other types of lighting.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the led lighting market in the globalUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global led lighting marketLeading company profiles reveal details of key led lighting market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the Global led lighting market with five year forecastsReasons to BuyWhat was the size of the Global led lighting market by value in 2022?What will be the size of the Global led lighting market in 2027?What factors are affecting the strength of competition in the Global led lighting market?How has the market performed over the last five years?What are the main segments that make up the global's led lighting market?