LED Lighting Market 2026 By Size, Share, Trends, Growth, Companies Forecast

Rising number of smart city projects, increasing green practices are driving the growth in Global LED Lighting Market in the forecast period, 2022-2026.

According to TechSci Research report, “LED Lighting Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026” The global LED Lighting market is anticipated to reach USD81099.76 million in 2026 at a CAGR of 3.73% on account of government initiative such as smart city projects, advancements in IoT-enabled technologies and also due to rise in green practices by organizations.

The rapidly increasing building and construction activities and high-rise infrastructure leading installation of new lightings is driving the growth of the global LED Lighting market. Lack of awareness concerning installation costs of LED and reimbursement periods and development of alternative technologies might mildly hinder the growth of the global LED Lighting market in the next five years. LED lamps do not contain toxic elements and are environment friendly in nature, and their demand is affected by initiatives and policies from governments in different countries. Thus, such policies introduced for environmental protection and energy saving are also also aiding the growth of the global LED Lighting market in the forecast period.

Browse over 231 market data Figures spread through 110 Pages and an in-depth TOC on "Global LED Lighting Market"
https://www.techsciresearch.com/report/led-lighting-market/8281.html

The global LED Lighting market is segmented based on Type, By Application, By Installation Type, By End-Use (Residential, Commercial, Industrial), By Distribution Channel (Direct Sales, Retail), and By Region Based. On the basis of LED type, the market is further segmented into LED bulbs and lamps, batten lights, downlights, and others which includes panel lights, spotlights, etc. LED bulbs and lamps segment is expected to register largest market share in the forecast period on the account of its efficiency and durability. Based on application the market is segmented into indoor lighting and outdoor lighting. The outdoor lighting segment is expected to have the largest market share and will maintain its dominance over the market in the coming five years. The increasing expansion of roads throughout the globe which has hiked the demand for energy efficient streetlights has also contributed to the growth of the market.

Based on Installation type the market is segmented into new installation and retrofit installation. The retrofit installation dominated the market in 2020 with a share of 59.93% and will continue to dominate in the forecast period as well.

Based on end use, the market is segmented into residential, commercial, and industrial. Commercial applications of LED Lighting are expected to register largest revenue shares and assert their dominance over the market in the upcoming five years. Increasing demand for the green technologies such as Light Emitting Diode (LED) among organizations which reduces energy consumption, and also increasing awareness about environment safety are anticipated to drive the growth of the global LED Lighting market in the upcoming five years.

Key market players in the LED Lighting market include:

  • Signify N.V.
  • Acuity Brands Inc.
  • Osram Licht AG
  • Seoul Semiconductor Co., Ltd.
  • Zumtobel Group AG
  • General Electric Co.
  • Fagerhult Group
  • Hubbell Incorporated
  • Everlight Electronics Co Ltd
  • Foshan Electrical & Lighting Co Ltd
  • Endo Lighting Corp
  • LSI Industries Inc.
  • FW Thorpe Plc
  • Havells India Ltd
  • Dialight plc

Signify N.V is a LED lighting manufacturer that is focused on production of electric lights and light fixtures. The company is one of the largest manufacturers of LED Lightings. It has recently launched innovative and technologically advanced products, that is further promoting its brand value. Acuity Brands is another leading manufacturer driving the most advanced and wide-ranging portfolio of lighting products, controls, software, and services.

Download Free Sample Report
https://www.techsciresearch.com/sample-report.aspx?cid=8281

Customers can also request for 10% free customization on this report.

“Asia Pacific region is anticipated to hold the largest revenue shares of the market and dominate the market in the upcoming five years on account of rapidly increasing building construction activities in the countries like India and China which are rising the demand for LED lighting. Increasing population of both the countries is further expected to aid the growth of the market. China is the world’s largest population holding country and India is right after in its population count. Increasing demand for housing due to increasing population and government initiatives such as smart cities projects are also supporting the market growth. The new players in the market may focus on exploring the consumer demands and expanding research along with the smart product releases for brand establishment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.

“LED Lighting Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2016-2026, Segmented By Type (LED Bulbs and Lamps, Batten Lights, Downlights, Others), By Application (Outdoor Lighting and Indoor Lighting), By Installation Type (Retrofit Installation and New Installation), By End-Use (Commercial, Residential, Industrial), By Distribution Channel (Direct Sales, Retail), By Region”, has evaluated the future growth potential of global LED Lighting market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global LED Lighting market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Comments

Post a Comment

Popular posts from this blog

Defense Cyber Security Market 2028 By Trends, Share, Growth and Demand Forecast

Image
Growing severity of cyber-attacks on military/government organizations and increasing government initiatives to secure critical data  are a major factor attributable to the growth of the market. According to TechSci Research report, “ Global Defense Cyber Security Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028” . The Global  Defense Cyber Security is anticipated to project robust growth in the forecast period with a CAGR of  13.06% through 2028, Various governments across the world are looking to adopt cybersecurity automation solutions for their military applications by concentrating on reducing operating expenditures (OPEX) while maintaining adequate measures against cyberthreats. Further, with the increasing dependency of military organizations on the internet network, the frequency and sophistication of cyberattacks are on the rise. To counter all these vulnerabilities, there is a major focus on adopting cyber security solutions in the defens
Read more

VOIP Services Market Analysis and Future Growth, Forecast 2029

Image
Rising Adoption of unified communication solutions and increasing globalization and cross-border business operations are likely to drive the Market in the forecast period. According to TechSci Research report, “ VOIP Services Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029 ”, the Global VOIP Services Market is experiencing a surge in demand in the forecast period. A prominent driver propelling the global Voice over Internet Protocol (VoIP) services market is the compelling combination of cost efficiency and scalability. Unlike traditional telephony systems, VoIP leverages existing internet infrastructure, minimizing the need for dedicated phone lines and associated maintenance costs. This results in significant cost savings for businesses and individuals, especially in long-distance and international communications, making VoIP an economically attractive alternative. Furthermore, the scalability inherent in VoIP services is instrumental in
Read more

Unmanned Surface Vehicle (USV) Market Outlook 2029 By Demand, Share, Revenue Analysis

Image
The major drivers for the Global Unmanned Surface Vehicle USV Market include increasing demand for cost-effective and fuel-efficient personal aviation solutions, coupled with advancements in lightweight materials and avionics technologies. According to TechSci Research report, “ Global Unmanned Surface Vehicle USV Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029 ”, the Global Unmanned Surface Vehicle USV Market stood at USD 2.41 billion in 2023 and is anticipated to grow with a CAGR of 4.61% in the forecast period, 2025-2029. The global Unmanned Surface Vehicle (USV) market is currently witnessing an unprecedented surge in growth, fueled by a rising need for enhanced maritime security, comprehensive environmental monitoring, and in-depth oceanographic studies. This surge in demand has acted as a catalyst, driving the development and deployment of highly advanced USVs that leverage cutting-edge technologies such as artificial intelligence and machin
Read more