LED 조명 세계 시장 규모는 2022년에 638억 3,000만 달러를 기록했으며, 2023년 709억 4,000만 달러에서 2031년에는 1,688억 7,000만 달러로 성장하고, 예측기간(2024-2031년) 동안 CAGR은 11%로 성장할 전망입니다.
에너지 효율이 높은 LED 조명으로의 전환은 연간 180억 달러의 잠재적 전력 절감과 1억 6,000만 톤 이상의 이산화탄소 배출량 감소로 추정되는 큰 시장 기회를 가져다 줄 것으로 예상됩니다. 조명은 주거용 전력 소비의 약 10%, 상업용 시설의 경우 18%-40%를 차지해 에너지 절약의 큰 잠재력을 보여주고 있으며, 2031년까지 소비자의 환경 의식 증가와 정부 주도의 에너지 효율 규제로 인해 조명용 전력 수요는 30%-40% 감소할 것으로 예상됩니다. 25만 개의 가로등을 LED로 교체하려는 뉴욕의 계획과 바르셀로나의 스마트 가로등 설치와 같은 저명한 노력은 도시 조명의 세계적인 추세를 반영하고 있습니다. 미국 에너지부는 2031년까지 LED가 실외 조명기구 수출의 75% 이상을 차지할 것으로 예상하고 있어 LED 시장의 우위는 더욱 강화될 것이며, LED 기술의 효율성은 50% 더 상승할 것으로 예상되어 그 매력은 더욱 커질 것으로 보입니다. 또한, 필립스, 매직라이트, 샤오미 등 주요 업체들의 스마트 조명 기술에 대한 기업 투자는 첨단 조명 솔루션으로의 전환을 시사하고 있으며, 필립스는 음성 인식이 가능한 필립스 휴(Philips Hue)와 같은 제품으로 시장을 선도하고 있습니다. 시장을 선도하고 있습니다. 따라서 LED 조명을 향한 이러한 움직임은 지속가능성 목표에 부합할 뿐만 아니라, 에너지 효율과 스마트 기술 통합에 초점을 맞춘 진화하는 유리한 분야에서 비즈니스를 전략적으로 포지셔닝하는 것입니다.
Global LED Lighting Market size was valued at USD 63.83 billion in 2022 and is poised to grow from USD 70.94 billion in 2023 to USD 168.87 billion by 2031, growing at a CAGR of 11% in the forecast period (2024-2031).
The global shift towards energy-efficient LED lighting presents a significant market opportunity, with potential electricity savings estimated at USD 18 billion and a reduction of over 160 million metric tonnes in annual carbon dioxide emissions. Lighting accounts for nearly 10% of residential electricity consumption and 18% to 40% in commercial settings, highlighting the large potential for energy conservation. By 2031, the demand for electricity for lighting is projected to decrease by 30% to 40%, driven by increasing consumer awareness of environmental issues and government-driven energy efficiency regulations. Prominent initiatives like New York's plan to convert 250,000 streetlights to LEDs and Barcelona's installation of smart streetlights reflect global trends in urban lighting. The U.S. Department of Energy forecasts that LEDs will comprise over 75% of outdoor luminaire exports by 2031, further reinforcing their market dominance. Enhanced efficacy of LED technologies is anticipated to rise by an additional 50%, amplifying their appeal. Additionally, corporate investments in smart lighting technologies from key players such as Philips, Magiclight, and Xiaomi signal a shift towards advanced lighting solutions. Philips, with products like Philips Hue-integrated with voice assistant compatibility-continues to lead the market. Therefore, this movement towards LED lighting not only aligns with sustainability goals but also positions businesses strategically within an evolving and lucrative sector focused on energy efficiency and smart technology integration.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Led Lighting market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Led Lighting Market Segmental Analysis
Global LED Lighting Market is segmented by Product type, Installation, Sales Channel, Application and region. Based on Product type, the market is segmented into Lamps, and Luminaires. Based on Installation, the market is segmented into New and Retrofit. Based on Sales Channel, the market is segmented into Retail/Wholesale, Direct Sales and E-commerce. Based on Application, the market is segmented into Indoor, and Outdoor. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Led Lighting Market
The global LED lighting market is primarily driven by the advantages that LED technology offers over traditional lighting solutions. Comprising essential components such as light-emitting diodes, electronic drivers, cooling systems, and optics, LED lighting is more durable and less fragile than conventional high-wattage bulbs. This technology dramatically lowers maintenance costs due to its long lifespan, which ranges from 30,000 to 50,000 hours compared to just 1,000 to 8,000 hours for incandescent bulbs. Moreover, LED lights are energy-efficient, consuming approximately 50% less electricity than halogen or fluorescent options, leading to significant energy savings and reduced expenses. With low voltage operation, non-UV emissions, and design flexibility, LED lighting is gaining traction among businesses and communities. This trend is further supported by enhanced visibility and safety at construction sites, driving the demand for LED installations as companies seek better returns on investment and overall efficiency in their lighting systems, thereby propelling market growth through 2030.
Restraints in the Global Led Lighting Market
One of the key challenges facing the global LED lighting market is the need to offer affordable pricing that appeals to the majority of consumers while simultaneously encouraging reduced expenses on energy bills and maintenance. Despite the numerous advantages associated with LED lighting, many individuals continue to favor traditional fluorescent options. This preference is exacerbated by a general lack of awareness regarding the benefits of LED technologies, resulting in a higher revenue share for fluorescent lamps. Furthermore, the upfront cost of LED solutions tends to surpass that of incandescent bulbs, and the emergence of inexpensive lighting alternatives with shorter lifespans is likely to hamper the broader adoption of LED lighting in the immediate future.
Market Trends of the Global Led Lighting Market
The Global LED Lighting market is experiencing significant growth influenced by rapid urbanization and an increasing focus on sustainable energy solutions. As urban areas expand, particularly in the Asia Pacific region, government initiatives promoting energy-efficient technologies have catalyzed widespread adoption of LED systems across commercial, industrial, and residential sectors. Legislative measures and financial incentives aimed at reducing energy consumption are driving investments in LED lighting, which is perceived as a cost-effective and environmentally friendly alternative to traditional lighting. This trend is set to continue, positioning the Asia Pacific as a vital hub for LED innovation and market expansion.