LED 조명 시장 크기 및 공유 2025 - 2034

LED Lighting Market Size

The global LED lighting market size was valued at USD 94.5 billion in 2024 and is estimated to grow at 10.4% CAGR from 2025 to 2034. The growth of market is attributed to increasing adoption of LED streetlights along with the growing application of LEDs in horticulture.  
 

The adoption of LED streetlight is driving market growth as countries are focusing on energy savings, reduced maintenance costs, and environmental sustainability. Smart lighting programs are being implemented by governments worldwide to upgrade city infrastructure. For instance, in June 2024, Energy Efficiency Services Limited (EESL) installed 13.11 million LED streetlights across India, cumulatively saving 8,806 million units (MU) of energy every year. The growing adoption of LED streetlights helps to contribute towards significant energy savings and also improves environmental and public infrastructure.

Manufacturers of LED lighting must focus on expanding smart and energy-efficient LED streetlight solutions as the government initiatives are focused on sustainable urban infrastructure. Cities across the globe are investing in smart lighting programs to save energy and reduce maintenance costs. The manufacturers should develop adaptive and sensor-based LED solutions that improve operational efficiency and can integrate well into smart city ecosystems.
 

The rapid growth of the LED lighting market can be attributed to increased adoption of LED grow lights in horticulture as the LED grow light offers customized light spectra that are used to achieve precise wavelengths needed for the various stages of plant growth. Red, blue, and full-spectrum fine-tuning also increases photosynthesis and crop yields, which lead to increased adoption in commercial agriculture and indoor gardening. For instance, In January 2024, Active Grow released LoPro Max 3.0 to support better yields and higher-quality crops for the growers. LoPro Max 3.0 Grow Lights features the Sun White Pro + Spectrum, ideal for commercial cultivation from vegetative to flowering stages. The spectrum was designed to optimize chlorophyll absorption rates by increasing essential carotenoid and anthocyanin development. Such innovations are propelling expansion in the LED grow light market by providing farmers and growers innovations for sustainable practices.
 

Moreover, as the growth of smart farming is emerging, LED lights are combined with control systems that automate the switching on and off of the lights for determined periods of time. This innovation in the technology of indoor and vertical farming impacts all branches of agriculture and effectively supplements the modern methods of agriculture, driving the adoption of LEDs.
 

The LED lighting manufacturers should emphasize the development of advanced LED grow light solutions especially for horticulture and smart farming applications. As the usage increases in commercial agriculture and indoor gardening, investments in spectrum-optimized lighting, which would increase plant growth, and be integrable with automated control systems, will be highly encouraged.  Innovations in full-spectrum and energy-efficient LED technology will increase further demands while supporting sustainable farming practices and yields.
 

LED Lighting Market Trends

• A key trend in the LED Lighting industry is the increase in the adoption of advanced micro-LED technology, especially in automotive lighting. The use of micro-LEDs is increasing because micro-LEDs possess higher resolution, increased energy efficiency, as well as better color rendering as compared to traditional automotive lighting. For example, in January 2023, Nichia Corporation and Infineon Technologies developed the world’s first automotive micro-LED matrix solution containing 16,384 micro-LEDs. It enhances vehicle safety and road visibility, making it a key development for the automotive sector.
   
• The integration of smart LED solutions with IoT-based home automation and building management systems is the most significant trend in the LED lighting market. Consumers and businesses are adopting intelligent lighting solutions with remote operation, motion detection, scheduling, and energy optimization.
   
• Smart LEDs have become very common in commercial settings, residential complexes, and industrial establishments for improving convenience and reducing energy expenditure. The demand for smart LED lighting is also driven by the adoption of smart city initiatives and connected infrastructure, which in turn fuel further growth in this market.
   
• One of the key trends in the global market are a focus on human-centric lighting, which changes color temperature and brightness to better match human circadian rhythms to promote well-being, productivity, and comfort. This is being introduced rapidly in office buildings, hospitals, and schools to enhance concentration and reduce eye strain and sleep irregularities. The shift toward workplace wellness and ergonomic lighting solutions is driving significant investment in tunable white and dynamic color-changing LED lighting systems.
   

LED Lighting Market Analysis

Based on product type, the market is divided into lamps, and luminaires.
 

• The lamp market was valued at 36.4 billion in 2024. LED lamps are being preferred by consumers due to their efficiency and energy saving features. LED lamps consume less power compared to incandescent and fluorescent bulbs. With improvements in energy efficiency, customers and businesses switch over to LED lamps to save electricity consumption and lesser long-term cost. With its more extended lifespan, frequent replacement is reduced significantly, hence reducing cost.
   
• The luminaires market is projected to grow at a CAGR of 9.8% by 2034. The adoption of architectural and decorative LED lighting is a notable shift which is accelerating the growth of the luminaires market. LED luminaires are rapidly being incorporated in the interiors of commercial and residential buildings for aesthetic and functional purposes. Besides, the integration of adjustable brightness and color temperature in human-centric lighting systems also increases the market demand.

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Based on application, the market is divided into indoor, and outdoor.
 

• The indoor market held a market share of 65.6% in 2024. Indoor LED lighting is increasing in demand, as people demand for energy-saving lighting in the office and residential sectors. Extra energy-saving attributes like integration of occupancy sensors and tunable white lighting are now common in commercial spaces and allow businesses to maximize their resource utilization while boosting productivity and wellbeing at the workplaces.  
   
• The outdoor LED lighting market is expected to reach USD 91.2 billion by 2034. The initiatives of developing sustainable smart cities have led to the increased adoption of LEDs in outdoor lighting. Streetlights with adaptive dimming as well as remote monitoring features are already being adopted in some countries where governments are integrating these technologies within their safety and energy saving strategies, leading to market growth.
   

Based on installation, the LED lighting market is divided into new and retrofit.
 

• The new installations market held a share of 50.7% in 2024. Infrastructure advancements and expansion of urban areas have fueled the growth of new installations. Smart city projects tend to incorporate LED lighting from the beginning of construction, because it is mandated and considered an energy-efficient and cost-effective long-term solution. With the increasing investment for smart city projects, the demand for new installation of LED lighting is anticipated to grow.  
   
• The retrofit market is projected to grow at a CAGR of 11.3% by 2034. Increasing measures for energy efficiency and cost savings are driving growth in the market for retrofitting led lighting. The governments and regulatory bodies are imposing strict regulations for the standards of energy efficiency worldwide. Businesses are retrofitting existing lighting systems with LEDs to remain in compliance with regulations while reducing energy consumption drastically, driving the segment growth.
   

Based on sales channel, the LED lighting market is divided into retail/wholesale, direct sales, and e-commerce.
 

• Retail/wholesale dominated the global market accounting for 43.3% market share in 2024. Consumers are increasingly buying LED lighting products through retail and wholesale channels for home and commercial use. Retail stores sell user-friendly LED bulbs, strips, and fixtures so that homeowners and small businesses can update their lighting without requiring installation by a professional. This surge in demand for DIY solutions increases sales through both retail and wholesale networks.
   
• The direct sales market is projected to grow at a CAGR of 8.9% by 2034. Businesses, industrial establishments, and governmental organizations usually require customized LED lighting solutions according to their needs. Direct sales channels allow manufacturers to work closely with clients to design and deliver bespoke lighting solutions, which increases demand in this segment.
   
• The e-commerce market is projected to grow at a CAGR of 12.2% by 2034. The surge in online shopping and facility to make comparison of products has propelled e-commerce to become the primary sales channel for LED lighting. Both consumers and businesses prefer digital platforms due to favourable pricing, variety, and convenience. The emergence of direct-to-consumer (DTC) brands is also transforming this marketplace.
   

Based on the wattage, the LED lighting market is divided into low wattage (below 10W), medium wattage (10W to 50W), and high wattage (above 50W).
 

• The medium wattage (10W to 50W) dominated the global market accounting for 43% market share in 2024. Medium wattage LEDs provide balanced brightness and efficiency thus boosting the supply and demand of medium wattage LEDs for commercial and industrial purposes. Offices, retail stores and warehouses are switching to 10–50-watt LED panels, downlights, and lights to optimize the quality of lighting used and reduce operational costs and environmental impact.
   
• The low wattage (below 10W) market is expected to reach USD 76 billion by 2034. The rising popularity of smart homes and connected lighting solutions is propelling demand for low-wattage LED bulbs, widely used in smart lighting systems. Most of the Wi-Fi and Bluetooth-enabled bulbs, which are designed to work with automation and remote-control applications, have below 10W power consumption, driving the segment growth.
   
• High-wattage LED is project to reach a CAGR of 9.6% by 2034. High-wattage LED lighting is being used for large-scale outdoor and industrial applications which includes stadiums, highways, and manufacturing sites, and large retail spaces. The growing demand for energy-efficient lighting in high-ceiling spaces fuels the growth of high-wattage LEDs.
   

Based on technology, the LED lighting market is divided into chip on board (COB), surface mounted diode (SMD), and others.
 

• The chip on board (COB) segment accounted for 33% of the global market share in 2024. The rising popularity of LED chip-on-board (COB) technology is attributed to advantages such as better heat dissipation and higher lumen output than other traditional LEDs. COB LEDs are extensively used in high intensity applications such as stadiums, automobile headlights, and industrial lighting. The demand for lighting that is compact and powerful as well as efficient is driving the demand for COB LEDs.
   
• The surface mounted diode (SMD) market is projected to grow at a CAGR of 10% by 2034. Surface mounted diode (SMD) LEDs are the most prominent in the market owing to their versatility and efficiency. SMD LEDs provide excellent color mixing, consume less power, and provide better brightness, which makes them suitable for general lighting, display panels and smart lighting systems, driving their growth in the market.

North America held a market share of 34.4% in 2024. North America has implemented standards and regulations regarding energy efficiency, such as U.S. Department of Energy DOE guidelines and ENERGY STAR certifications. These regulations have facilitated the switch from traditional lighting to LED lighting solutions. In addition, government incentives and rebates on the use of LEDs continue to propel growth in this market.
 

• The U.S. LED lighting market is growing significantly, reaching USD 70.5 billion by 2034. The growing demand for LED lights in the US market due to the rising demand of smart home lighting systems is driving the market growth. The adoption of voice enabled, connected LED products which save energy and offer numerous other features is also on the rise. According to Statista projections, the US smart home market is expected to grow in revenue from USD 20.4 billion over the period of 2023 to 2028, which will provide further support to the proliferation of LEDs.
   
• Canada LED lighting market is expected to witness robust growth, with a CAGR of 9.4% by 2034. Canada is witnessing an increase in the utilization of LED lights as a result of government incentives for energy saving retrofitting. Companies and house owners are shifting to LED lights to reduce their electricity expenses and take advantage of the rebates. This shift is boosting the demand for energy efficient LEDs in both commercial and residential buildings.
   

Europe held a significant market share of 26.4% in 2024. European companies are prioritizing human-centric LED lighting solutions. Companies and public spaces are adopting adjustable white LED lights that increase comfort and productivity by modulating the temperatures of light in accordance to the natural circadian rhythm. This trend is driving growth in advance LED technologies in Europe.
 

• Germany LED lighting market is anticipated to exceed USD 22.4 billion by 2034. Germany is at the forefront of new developments in LED technology. They are focusing on OLED lighting for architectural and automotive uses. OLEDs are more modern in appearance, more efficient, and give out light in a more controlled manner. German companies are investing money into research to improve OLEDs to make them the preferred lighting option for premium cars and modern luxury interiors.  
   
• The UK market is anticipated to expand at a healthy rate, with a CAGR of 11.7% by 2034. The market for LED lights in UK is expanding due to sustainable construction practices. Initiatives for green buildings focus on the use of energy saving features such as LED lighting and therefore there is increasing supply of LEDs in new residential and commercial constructions.
   
• France LED lighting industry is projected to grow at a CAGR of 9.5% by 2034. The demand for decorative and artistic LED lighting has been increasing in France. Innovation in aesthetically pleasing LED fixtures for homes, galleries, and public spaces are increasing due to the country’s strong cultural and design heritage. French manufacturers are focusing on creative and functional lighting installations.
   
• Italy LED lighting market accounted for 6.7% of the market share in 2024. Italy is focusing on LED lighting for the preservation of historical sites. The century-old heritage buildings are numerous in the country, and so municipalities are adopting LED solutions for illuminating architectural landmarks. The energy efficiency and color temperature adjustability of LEDs ensures that important historic sites are preserved and remaining artistic details are well lit while simultaneously reducing environmental impact.
   
• Spain market is expected to reach USD 3.1 billion by 2034. Rural Spain and off grid areas are rapidly adopting solar powered LED light systems. The projects aimed at promoting renewable energy have resulted in wider investment opportunities for solar streetlights and LED systems. These cost-effective light sources help reduce dependency on the power grid, driving the market growth.
   

Asia Pacific is expected to reach a CAGR of 11.5% by 2034. Asia Pacific is one of the leaders in LED production and exports. China and India being the key manufacturing regions, the entire region is a major supplier of low-priced LEDs across the globe. The growing domestic market of LED lighting by homes as well as office buildings is another reason in the growth for the market.
 

• China LED lighting market accounted for 33.6% of the market share in 2024. The focus of major players in China has shifted towards the innovation of LEDs with regards to their automotive lighting technology. There is growth in the market for advanced vehicle lighting products. The manufacturers are focusing on developing high performance LEDs. For instance, in September 2024, FORVIA HELLA commenced the production of a new RGB LED rear combination lamp in China with full-colour light animations for luxury C-class sedan Z10 of Lynk & Co. It shows the progress of China’s high tech LED applications, thereby driving the market growth.
   
• The LED lighting market in India is anticipated to grow at a CAGR of 13.5% by 2034. India’s adoption of LED street lighting is on the rise as part of their smart city vision. The government is installing LED streetlights in order to improve the safety measures and cut down on electricity consumption. According to the Ministry of Power, the government has installed 1.3 crore smart LED streetlights under the LED Street Lighting National Programme since December 2023 and has saved enormous amounts of energy consumption in cities and towns.
   
• Japan LED lighting market is anticipated to witness lucrative growth with a market share of 19.6% in 2024. Major players in Japan market are focusing on mini and micro-LEDs developments for consumer electronics and cars. They are focusing on innovation, developing high-resolution LED displays, and lighting for electric vehicles to improve their aesthetics and energy efficiency at the same time.
   
• ANZ LED lighting industry is expected to grow steadily, with a CAGR of 10.2% by 2034. ANZ companies are incorporating LED lighting for better performance during extreme weather conditions. LED products with improved heat dissipation and added structural strength are gaining popularity for residential and outdoor use due to their excellent performance in severe conditions.
   
• South Korea market is projected to reach USD 4.2 billion by 2034. Major players in South Korea are focussing on human-centric smart LEDs allowing workplaces and schools to mimic natural lighting. This is drastically improving sleep cycles and concentration for the citizens.
   

Latin America is expected to reach USD 23.3 billion by 2034. Growth in LED street lighting projects is driving the LED lighting market in Latin America. Governments intend to change conventional streetlights to LEDs to save electricity and enhance urban security. This is accelerating region’s market growth.   
 

• The LED lighting industry in Brazil is expected to grow significantly at an approximate CAGR of 9.9% by 2034. Brazil is witnessing a growing usage of LEDs for sports and stadium lighting. The country has a strong sporting culture and frequently hosts international events therefore stadiums are being fitted with energy-efficient LED floodlights for better visibility and saving energy at the same time. This will enhance the growth of the market in the sports infrastructure in the country.
   
• Mexico LED lighting market is growing steadily accounting for 27.7% of the global market share in 2024. Mexico is making significant investments in smart city projects, and one of the elements of such modernization in the urban areas includes intelligent lighting. Smart LED streetlights that utilize motion sensors and adaptive brightness as well as allow for remote monitoring are deployed for energy efficiency and reduced maintenance. These will stimulate demand for connected LED lighting solutions, driving market growth.
   

Middle East & Africa is projected to grow at a strong pace at a CAGR of 8.2% by 2034. The Middle East & Africa are rapidly embracing the adoption of LED lights for infrastructural projects. With rapid construction in smart cities and commercial centers, more reliable and robust lightening products are in demand for efficient illumination.
 

• Saudi Arabia market accounted for 44.8% of the global market share in 2024. Saudi Arabia incorporates sophisticated technologies for developing smart cities and investing within it, under the initiatives of NEOM and Vision 2030, the country is deploying intelligent LED streetlight and architectural lighting for a more sustainable development and improvement of energy efficiency. This change in modern infrastructure increases the demand for advanced LED lighting technologies.
   
• South Africa LED lighting market is anticipated to reach USD 2.6 billion by 2034. South Africa possesses vast solar power resources and huge investments in the renewable energy industry, which will continue to gain momentum in order to increase demands for solar-LED lighting systems. Off-the-grid and the rural areas are using solar power for streetlighting, residential lighting, or commercial lighting system. The incentives from the government for renewable energies and the diminishing cost of a solar panel will further accelerate demand for solar-integrated LED lighting solutions.
   
• The UAE LED lighting market is forecast to grow significantly, with a CAGR of 7.7% by 2034. The UAE payers are using LED lights in hospitality and luxury sectors due to the growing tourism industry that enables hotels and resorts to enhance the guest experience with sophisticated LED light fittings, customizable, energy-efficient, and aesthetic.
   

LED Lighting Market Share

The LED lighting industry is highly competitive. Panasonic, Samsung Electronics, Signify are the major players accounting for a significant share of 15% in the market. These companies focus on acquiring the major share of the market by emphasizing on technological advancements, cost-efficiency, and low-cost services.
 

Market players use their extensive product ranges coupled with their strong R&D capacities and proficiency in smart lighting technologies to create a competitive business environment. Their products include residential, commercial, industrial, as well as outdoor lighting solutions. In addition, these businesses are focusing on integrating connected lighting systems, energy-efficient devices, and smart home systems which enhance customer satisfaction. Also, they have strong business opportunities due to their extensive global reach and relationships with distributors and retailers across different regions. The acquisition, collaboration, and co-development of the LED lighting systems mark important strategies in the industry.
 

Major players in the market engage in joint ventures to develop new energy-saving technologies, which facilitates cost-saving innovations and expands their products lines. market is characterized by the acquisition and merger of smaller players with highly focused technologies pertaining to smart lighting or OLED technology, as it allows companies to strengthen their product portfolios and subsequently achieve a competitive position in a rapidly changing environment.
 

LED Lighting Market Companies

Some of the eminent market participants operating in the LED lighting industry include:
 

• Acuity Brands
• ams-OSRAM
• Cree LED
• Nichia
• Signify
   

Signify offers energy-saving and smart lighting solutions with IoT and AI capabilities. The company is focused on investing in new product development to offer sustainable innovations for residential and commercial property sectors. Philips Lighting (Signify) seeks to strengthen user satisfaction while achieving sustainable targets via collaboration and investments in R&D.
 

OSRAM emphasizes on offering LED, OLED, and smart lighting technologies while focusing on energy and sustainability. OSRAM is working on expanding into new verticals including connected lighting and automotive technologies. Osram is solidifying its market presence and ensuring that its products meet the developing demands of consumers and industries through partnerships and acquisitions.
 

LED Lighting Industry News

• In July 2024, Hobolite launched the Avant Max and Mini Max Bi-Color LED lighting kits for content creators. Both kits emphasize vintage design and more advanced features like Bluetooth powered control and color gel mounting.
   
• In October 2024, Corvi introduced ultra-efficient LED bulb that uses 33% less power and has an impressive lifespan of 50 years. The 6W bulb delivers an impressive 810 Lumens of brightness. This innovation helps increase energy efficiency and lowers carbon emissions by a 1.94 kg each year.  
           
• In September 2023, US LED unveiled the Right Choice Series of outdoor LED area and site lighting with the intention of improving outdoor illumination with cutting-edge technology as well as aesthetic appeal. This series intends to offer effective solutions for numerous outdoor lighting needs.
   

The LED lighting market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue (USD Billion) and volume (units) from 2021 to 2034, for the following segments: