LED Panel Light Market

Report ID: GMI3887
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Summary
Methodology

LED Panel Light Market Size

The global LED panel light market generated substantial revenue in 2024 and is forecasted to grow at a considerable CAGR during 2025-2034 driven by the demand for increasing energy-efficient lighting solutions globally for residential, commercial, and industrial applications. For instance, in March 2025, Enlighted, a property technology company under Siemens, introduced Enlighted Eazy, a smart lighting control solution tailored for small and medium-sized businesses. The new system was designed to provide a quick and user-friendly app-based setup while remaining cost-effective for the small and medium business market.

 In the current climate, national and regional governments and regulatory agencies around the globe are adopting stricter energy efficiency standards and regulations that can increase the adoption of LED lighting system technologies. LED panel light systems rank as among the most preferred LED lighting systems due to their profiles, even illumination, and energy-friendly benefits. Some common indoor applications of LED panel lights include offices, schools, and bay lighting for hospitals, retail, and residences where aesthetic and high-quality lighting is always needed.

There are several customer-preferred benefits of LED panel lights over fluorescent fixtures, including greater product service life, lower cost of ongoing maintenance, and lower carbon footprint. New technology features in integrated LED panel products to enable smart lighting applications continue to fuel the market potential, particularly existing LED panel products that are automated or controlled with a mobile application or Internet of Things (IoT).

The LED panel light market is driven by many factors, including a commitment to sustainability, low cost, and incentives offered by governments to purchase energy-efficient items. Energy conservation programs and the increasing trend of constructing smart buildings have helped expand the installation of these lights with energy conservation goals. In addition, the longer life spans, lower heat generation and less overall impact on the environment compared to traditional lighting make LED advantages even more desirable.

However, there are still some constraints hindering many aspects of the market. However, high installation costs can discourage properties from moving to LED light systems, especially in areas that are strongly price sensitive, and buying high-quality or smart integrated LED panels restraining the market growth.  

LED Panel Light Market Trends

Multiple trends will influence the market's future. One of the major trends is smart lighting. Features like motion sensing, dimming, and operation with home automation systems increase convenience for the user, leading to energy savings. Smart lighting technology specifically is becoming more common, and when bundled with wireless control technologies, like Wi-Fi, Bluetooth, and Zigbee, allows for central control of multiple LED panel systems, especially in commercial spaces. Another large trend is human-centric lighting when aiming to mimic natural daylight cycles with LED panels for health and productivity benefits in workspace and educational environments.

Also, the advancements in panels, panel design, and materials have led to ultra-thin, thin, and edge-lit panels which look good while also providing better distribution of light. Manufacturers continue to invest in renewable materials/packaging components to meet environmental criteria and standards. Tunable white and RGB LED panel lights, particularly in commercial architectural or decorative applications, have been the focus of increased attention as the demand for customizable options increases.

LED Panel Light Market Analysis

The embedded segment in the market held the largest share in 2024. Embedded LED panel lights are mounted directly into the ceiling and installed wave flush in the ceiling structure - all done for an even greater aesthetic and space integration to match what is already available in a specific interior space. Embedded LED panels are most popular within commercial office spaces, retail environments, and new residential construction, especially where aesthetics and even distribution of light is a priority.

Additionally, embedded lights conserve space and yield high lumen output and energy efficiency which architects and contractors pick up on. Often embedded panels, typically packaged with various options in color temperatures and dimming options also provide the ability to articulate the use of light for applications or ambiance regarding installations. Technological improvements regarding installation considerations, like the spring-loaded clip installation process, and frameless frames, have also minimized negative complications, particularly with cap or false ceiling systems while coupling them with embedded panels.

True embedded LED panel lights often have anti-glare surfaces and modifications through advanced diffusers to lessen visual discomfort, and to also help improve productivity when working in these environments. As infrastructure development accelerates, awareness for quality lighting.

The LED panel light market from commercial sector is expected to hold the largest share by 2034. The large array of commercial spaces, such as corporate offices, educational establishments, hospital’s emergency departments, shopping malls, hotels, and airports, have been the foremost sector in realizing the advantages of LED panel lighting technology. They have adopted it for its efficiency, longevity, and inherently superior light.

Commercial spaces also require dependable lighting solutions that provide reliable light for allegedly making tenant or customer decisions while delivering energy and maintenance savings. LED panel lights meet all the functionality and design hallmarks of commercial lighting and they offer safe and dependable performance. With a commitment to sustainability and carbon footprint reduction, while aligning with green building protocols such as LEED and BREEAM, there has been greater investment in energy-efficient lighting systems.

North America LED panel light market generated notable revenues in 2024. North America has effectively and quickly adopted energy-efficient technologies, and with government incentives and rebates, has promoted enough use for vendors to scatter larger amounts of LED lighting into commercial use. U.S. has rolled out a plethora of energy conservation programs through entities called ENERGY STAR.

U.S. Department of Energy provides consumers with financial choices to transition to high-performance LED-relevant products under both publicly funded and funded by a private entity program. Commercial, educational, and healthcare sectors will be moving quickly from fluorescent and incandescent lighting to LED panels due to sustainability objectives and energy performance improvements. Smart lighting systems are being adopted quickly with increasing demand for IOT lighting products specifically for offices and smart buildings.

LED Panel Light Market Share

Major players involved in the market include:

  • Panasonic Corporation
  • Xiamen Yankon Energetic Lighting Co.
  • LG Inc. Innotek
  • Nichia Corporation
  • Samsung Electronics (Samsung Group)
  • Philips
  • Opple Lighting

To solidify their market position, companies that produce LED panel lights have used a host of strategies. The leaders in the market have focused on product innovation, such as developing ultra-thin, edge-lit, smart integrated panel lights to suit the needs of both commercial and residential buyers. Strategic partnerships with land developers, general contractors, and smart solution providers have been established by firms to expand their distribution. Manufacturers have increasingly used eco-friendly materials and engaged with internationally recognized energy standards to serve environmentally conscious markets. Companies have increased brand awareness through R&D, social media digital marketing, and attendance at exhibitions and trade fairs, they have also successfully penetrated the market by providing purpose-built solutions for different verticals such as hospitality, healthcare, and retail.

LED Panel Light Industry News

  • In March 2025, Apex Signages, a signage solutions provider based in Singapore, launched its latest innovation—transparent light-emitting diode (LED) panels. These advanced display solutions delivered vivid visuals while maintaining transparency, making them well-suited for use in retail, hospitality, and corporate environments.
  • In November 2024, Para Light Electronic, an electronic manufacturer based in Taiwan, launched a compact solar LED streetlight equipped with built-in photovoltaic panels and battery. The new design delivered up to 15 hours of lighting, specifically intended for pedestrian walkways and roads.
Author: Suraj Gujar,

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