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    LED Lighting Market

    ID: 2114
    200 Pages
    Research Team
    12/2021

    LED Lighting Market Research Report Information By Installation Type (New Installation, and Retrofit), By Product Type (Lamps and Luminaries), By Distribution Channel (Store Based and Non-Store Based), By End-Use Application (Indoor Lighting and Outdoor Lighting), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Industry Size, Share and Forecast Till 2032

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    Market Summary

    Research Methodology on LED Lighting Market


    INTRODUCTION


    Light Emitting Diode (LED) lighting market is expected to grow rapidly in the near future due to its high efficiency, low power consumption, and cost-effectiveness. The market report by Market Research Future (MRFR) estimates the LED lighting market to expand at a rapid pace from 2023 to 2030 (forecast period).


    The LED industry has a high chance of growth due to several factors such as government initiatives to promote LED lighting, standards and environmental regulations to reduce electricity consumption and harmful emissions, technological advancements, and the increasing demand for energy-efficient lighting solutions. The high adoption of LED lighting systems can be attributed to their features such as long lifespan and low energy consumption.


    RESEARCH METHODOLOGY


    The research methodology adopted for this research study focuses on primary and secondary sources of data. The purpose of the research is to gain insight into the market for LED lighting market based on an analysis of these sources.


    Primary Research


    Primary research involves the collection of both direct and indirect data from primary sources. The primary sources include surveys, interviews, questionnaires, and focus groups. An in-depth understanding of the market is obtained with the help of primary research.


    Survey


    A structured survey with a set of predetermined questions is conducted among a sample of users of LED lighting in order to better understand their usage patterns and preferences.


    Interviews


    Interviews are conducted with sales representatives of LED lighting companies to gain a better understanding of the company's strategies and market positions.


    Focus Group


    A focus group with LED lighting experts is conducted in order to gain a deeper understanding of the LED lighting market and the current trends and developments in this space.


    Secondary Research


    Secondary research is also used for this research in order to gain data from secondary sources such as published reports, journals, whitepapers, and websites. These sources provide an in-depth study of the LED lighting market along with a detailed analysis of the market dynamics including drivers, restraints, threats, and opportunities.


    Various sources, including top media outlets, experts, government sources, publications and academic sources, are used for the collection of data. The secondary sources include the report by Market Research Future (MRFR) “LED Lighting Market: Global Market Analysis, Size, Share, Growth, Trends and Forecast, 2023-2030”.


    Data Analysis


    The collected data is analyzed using various analytical tools and techniques. The analytical tools include charts, tables, and graphs. The primary and secondary data are collated and analyzed to conclude the LED lighting market.


    The qualitative and quantitative data are analyzed using qualitative tools such as SWOT Analysis, Porter's Five Forces Model, and Market Attractiveness Model. These tools are used to identify areas of strength and weakness of the LED lighting market, the threat of new entrants and substitutes, current trends, customer segments, and other market opportunities.


    The quantitative data is analyzed using quantitative tools such as regression analysis and time series analysis to gain insight into the market dynamics over a period of time. This is done in order to identify the trend of the market, customer segments, and customer preferences.


    CONCLUSION


    In conclusion, the data collected from primary and secondary sources are analyzed with the help of qualitative and quantitative tools and techniques. The research utilized a combination of primary and secondary research methods to gain a better understanding of the LED lighting market. The results of the research provide an in-depth analysis of the LED lighting market and the current trends and developments in this space. Additionally, the research also provides an overview of the factors influencing the market such as government initiatives and regulations, technological advancements, and customer preferences. The research further predicts the future of LED lighting in terms of market size, growth, and opportunities.

    Market Size & Forecast

    Attribute/Metric Details
    Market Size 2023 USD 71.59 Billion
    Market Size 2024 USD 79.61 Billion
    Market Size 2032 USD 186.12 Billion
    Compound Annual Growth Rate (CAGR) 11.20% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018 & 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Installation Type, Product Type, Distribution Channel, End-Use Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Phillips Lighting Holding B.V. (Netherlands), GE Lighting (US), Samsung Electronics (South Korea), Sharp Corporation (Japan), Eaton Corporation (Ireland)), and others
    Key Market Opportunities Developments of emerging countries
    Key Market Dynamics Benefits of the LED lights Rising adoption of the LED lighting from indoor and outdoor construction activities

    Major Players

    LED Lighting Market Segmentation

    LED Lighting Installation Type Outlook (USD Billion, 2024-2032)

    • New Installation

    • Retrofit

    LED Lighting Product Type Outlook (USD Billion, 2024-2032)

    • Lamps

    • Luminaries

    LED Lighting Distribution Channel Outlook (USD Billion, 2024-2032)

    • Store Based

    • Non-Store Based

    LED Lighting End-Use Application Outlook (USD Billion, 2024-2032)

    • Indoor Lighting

    • Outdoor Lighting

    LED Lighting Regional Outlook (USD Billion, 2024-2032)

    • North America Outlook (USD Billion, 2024-2032)

      • North America LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • North America LED Lighting by Product Type

        • Lamps

        • Luminaries

      • North America LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • North America LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • US Outlook (USD Billion, 2024-2032)

      • US LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • US LED Lighting by Product Type

        • Lamps

        • Luminaries

      • US LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • US LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • CANADA Outlook (USD Billion, 2024-2032)

      • Canada LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Canada LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Canada LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Canada LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

    • Europe Outlook (USD Billion, 2024-2032)

      • Europe LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Europe LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Europe LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Europe LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

        •  

      • Germany Outlook (USD Billion, 2024-2032)

      • Germany LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Germany LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Germany LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Germany LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • France Outlook (USD Billion, 2024-2032)

      • France LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • France LED Lighting by Product Type

        • Lamps

        • Luminaries

      • France LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • France LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • UK Outlook (USD Billion, 2024-2032)

      • UK LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • UK LED Lighting by Product Type

        • Lamps

        • Luminaries

      • UK LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • UK LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • ITALY Outlook (USD Billion, 2024-2032)

      • Italy LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Italy LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Italy LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Italy LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • SPAIN Outlook (USD Billion, 2024-2032)

      • Spain LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Spain LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Spain LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Spain LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • Rest Of Europe Outlook (USD Billion, 2024-2032)

      • Rest of Europe LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Rest of Europe LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Rest of Europe LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Rest of Europe LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

    • Asia-Pacific Outlook (USD Billion, 2024-2032)

      • Asia-Pacific LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Asia-Pacific LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Asia-Pacific LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Asia-Pacific LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

        •  

      • China Outlook (USD Billion, 2024-2032)

      • China LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • China LED Lighting by Product Type

        • Lamps

        • Luminaries

      • China LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • China LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • Japan Outlook (USD Billion, 2024-2032)

      • Japan LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Japan LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Japan LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Japan LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • India Outlook (USD Billion, 2024-2032)

      • India LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • India LED Lighting by Product Type

        • Lamps

        • Luminaries

      • India LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • India LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • Australia Outlook (USD Billion, 2024-2032)

      • Australia LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Australia LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Australia LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Australia LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • Rest of Asia-Pacific Outlook (USD Billion, 2024-2032)

      • Rest of Asia-Pacific LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Rest of Asia-Pacific LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Rest of Asia-Pacific LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Rest of Asia-Pacific LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

    • Rest of the World Outlook (USD Billion, 2024-2032)

      • Rest of the World LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Rest of the World LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Rest of the World LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Rest of the World LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • Middle East Outlook (USD Billion, 2024-2032)

      • Middle East LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Middle East LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Middle East LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Middle East LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • Africa Outlook (USD Billion, 2024-2032)

      • Africa LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Africa LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Africa LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Africa LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

      • Latin America Outlook (USD Billion, 2024-2032)

      • Latin America LED Lighting by Installation Type

        • New Installation

        • Retrofit

      • Latin America LED Lighting by Product Type

        • Lamps

        • Luminaries

      • Latin America LED Lighting by Distribution Channel

        • Store Based

        • Non-Store Based

      • Latin America LED Lighting by End-Use Application

        • Indoor Lighting

        • Outdoor Lighting

    Market Trends

    Global LED Lighting Market Overview:

    LED Lighting Market Size was valued at USD 71.59 billion in 2023. The LED lighting market industry is projected to grow from USD 79.61 Billion in 2024 to USD 186.12 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.20% during the forecast period (2024 - 2032). Benefits of LED lights, and rising adoption of alternative fuel cell vehicles are the key market drivers enhancing the market growth.

    The LED lighting market is experiencing robust growth driven by rising demand for energy-efficient solutions such as LED strip lights, ceiling lights, tube lights, light bulbs, and advanced LED lighting systems for both indoor and outdoor home applications, supported by evolving LED lighting technology.

    LED Lighting Market Overview

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    LED Lighting Market Trends

      • Supportive Government Initiatives are anticipated to boost the market growth

    Through different laws, the government has encouraged investments in energy-efficient lighting technology, which has expanded the use of LED lights in a variety of industrial, commercial, and residential sectors. Furthermore, lighting uses between 18 to ...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about LED Lighting Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about LED Lighting Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 71.59 Billion
    Market Size 2024 USD 79.61 Billion
    Market Size 2032 USD 186.12 Billion
    Compound Annual Growth Rate (CAGR) 11.20% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018 & 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Installation Type, Product Type, Distribution Channel, End-Use Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Phillips Lighting Holding B.V. (Netherlands), GE Lighting (US), Samsung Electronics (South Korea), Sharp Corporation (Japan), Eaton Corporation (Ireland)), and others
    Key Market Opportunities Developments of emerging countries
    Key Market Dynamics Benefits of the LED lights Rising adoption of the LED lighting from indoor and outdoor construction activities

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    This is a great article! Really helped me understand the topic better.

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    FAQs

    What is the growth scope of the LED lighting market?

    The global market of LED lighting expected to thrive at 14% CAGR and value at USD 105 Billion by 2023.

    Who are key players of the LED lighting market?

    Phillips Lighting Holding B.V. (Netherlands), Osram Licht AG(Germany), and General Electric Company (U.S.) are some major players of the market.

    What are the installation types of LED Lighting?

    New installation and retrofit installation are types of LED lighting installations. Retrofit installation are widely used.

    Where are LED lighting applied?

    Indoor lighting and outdoor lighting are two major applications of LED lighting. Outdoor LED lighting has high popularity.

    What is the advantage of retrofit installation?

    The flexibility offered by retrofit installation is expected to gain considerable traction.

    1.                

    LED Lighting Market Segmentation

    LED Lighting Installation Type Outlook (USD Billion, 2024-2032)

    • New Installation
    • Retrofit

    LED Lighting Product Type Outlook (USD Billion, 2024-2032)

    • Lamps
    • Luminaries

    LED Lighting Distribution Channel Outlook (USD Billion, 2024-2032)

    • Store Based
    • Non-Store Based

    LED Lighting End-Use Application Outlook (USD Billion, 2024-2032)

    • Indoor Lighting
    • Outdoor Lighting

    LED Lighting Regional Outlook (USD Billion, 2024-2032)

    • North America Outlook (USD Billion, 2024-2032)

      • North America LED Lighting by Installation Type
        • New Installation
        • Retrofit
      • North America LED Lighting by Product Type
        • Lamps
        • Luminaries
      • North America LED Lighting by Distribution Channel
        • Store Based
        • Non-Store Based
      • North America LED Lighting by End-Use Application
        • Indoor Lighting
        • Outdoor Lighting

      • US Outlook (USD Billion, 2024-2032)

      • US LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • US LED Lighting by Product Type

        • Lamps
        • Luminaries

      • US LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • US LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

      • CANADA Outlook (USD Billion, 2024-2032)

      • Canada LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Canada LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Canada LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Canada LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

    • Europe Outlook (USD Billion, 2024-2032)

      • Europe LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Europe LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Europe LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Europe LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting
        •  

      • Germany Outlook (USD Billion, 2024-2032)

      • Germany LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Germany LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Germany LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Germany LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

      • France Outlook (USD Billion, 2024-2032)

      • France LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • France LED Lighting by Product Type

        • Lamps
        • Luminaries

      • France LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • France LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

      • UK Outlook (USD Billion, 2024-2032)

      • UK LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • UK LED Lighting by Product Type

        • Lamps
        • Luminaries

      • UK LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • UK LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

      • ITALY Outlook (USD Billion, 2024-2032)

      • Italy LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Italy LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Italy LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Italy LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

      • SPAIN Outlook (USD Billion, 2024-2032)

      • Spain LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Spain LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Spain LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Spain LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

      • Rest Of Europe Outlook (USD Billion, 2024-2032)

      • Rest of Europe LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Rest of Europe LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Rest of Europe LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Rest of Europe LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

    • Asia-Pacific Outlook (USD Billion, 2024-2032)

      • Asia-Pacific LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Asia-Pacific LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Asia-Pacific LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Asia-Pacific LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting
        •  

      • China Outlook (USD Billion, 2024-2032)

      • China LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • China LED Lighting by Product Type

        • Lamps
        • Luminaries

      • China LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • China LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

      • Japan Outlook (USD Billion, 2024-2032)

      • Japan LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Japan LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Japan LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Japan LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

      • India Outlook (USD Billion, 2024-2032)

      • India LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • India LED Lighting by Product Type

        • Lamps
        • Luminaries

      • India LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • India LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

      • Australia Outlook (USD Billion, 2024-2032)

      • Australia LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Australia LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Australia LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Australia LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

      • Rest of Asia-Pacific Outlook (USD Billion, 2024-2032)

      • Rest of Asia-Pacific LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Rest of Asia-Pacific LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Rest of Asia-Pacific LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Rest of Asia-Pacific LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

    • Rest of the World Outlook (USD Billion, 2024-2032)

      • Rest of the World LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Rest of the World LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Rest of the World LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Rest of the World LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

      • Middle East Outlook (USD Billion, 2024-2032)

      • Middle East LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Middle East LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Middle East LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Middle East LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

      • Africa Outlook (USD Billion, 2024-2032)

      • Africa LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Africa LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Africa LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Africa LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting

      • Latin America Outlook (USD Billion, 2024-2032)

      • Latin America LED Lighting by Installation Type

        • New Installation
        • Retrofit

      • Latin America LED Lighting by Product Type

        • Lamps
        • Luminaries

      • Latin America LED Lighting by Distribution Channel

        • Store Based
        • Non-Store Based

      • Latin America LED Lighting by End-Use Application

        • Indoor Lighting
        • Outdoor Lighting
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