Press release
LED Lighting Market was valued at USD 76.93 Billion in 2023 and is expected to grow at a CAGR of 10.8 Percent over the forecast period to reach USD 157.72 Billion by 2030.
LED Lighting Market
For Further Information Regarding The Report@https://www.stellarmr.com/report/LED-Lighting-Market/2236
Market Size in 2023: USD 76.93 Billion
Market Size in 2030: USD 157.72 Billion
CAGR: 10.8 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 220
No. of Tables: 140
No. of Charts and Figures: 180
Segment Covered: By Product, Installation Type, Application, End-User, Distribution Channel, and Region
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
For additional insights: Get a Free Sample Report Here@https://www.stellarmr.com/report/req_sample/LED-Lighting-Market/2236
LED Lighting Market Overview
The LED lighting market is experiencing significant growth, driven by its high energy efficiency and long lifespan. LEDs, particularly ENERGY STAR-rated products, use at least 75% less energy and last up to 25 times longer than incandescent lighting, making them ideal for residential, industrial, and outdoor applications. This technology's directional nature and efficiency are leading to widespread adoption in street lights, parking garages, outdoor areas, refrigerated cases, and task lighting.
LED Lighting Market Dynamics
The LED lighting market is experiencing significant growth, driven by substantial improvements in cost per lumen efficiency and technological advancements. According to a study by Research and Markets, the stadium lighting market alone is expected to increase by nearly USD 200 million by 2023, reaching USD 622.2 million. LED efficiency has improved dramatically, from 80 lumens per watt in 2013 to 130 lumens per watt in 2018, while costs have decreased.
LED Lighting Market Regional Analysis
In 2023, Asia Pacific dominated the LED lighting market with a 44% revenue share, driven by rapid infrastructure development and increased demand for LED solutions. The region's growth is bolstered by proactive government energy-saving initiatives and robust construction industries in key economies like China, Japan, and India.
LED Lighting Market Segmentation
By Product
Lamps
Luminaire
By Installation Type
New LED
Retrofit LED
By Application
Commercial Aviation
Business & General Aviation
Military Aviation
By End User
Commercial
Industrial
Residential
By Distribution Channel
Online
Offline
For additional insights: Get a Free Sample Report Here@https://www.stellarmr.com/report/req_sample/LED-Lighting-Market/2236
LED Lighting Market's Key Players include:
Cree Lighting USA LLC (US)
Dialight (USA)
Acuity Brands, Inc. (USA)
Sharp Corporation (Japan)
Syska (India)
Wipro (India)
Osram Licht AG (Germany)
Virtual Extension Dialight PLC(UK)
Key questions answered in the LED Lighting Market are:
What is LED Lighting?
What was the LED Lighting Market size in 2023?
What is the expected LED Lighting Market size by 2030?
What is the growth rate of the LED Lighting Market?
What are the key benefits of the LED Lighting Market?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023 -2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis By Product, Installation Type, Application, End-User, Distribution Channel, and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
Stellar Market Research is a leading Electronics research firm that has also published the following reports:
OLED Market: Market size was valued at USD 40.75 Bn. in 2023 and is expected to reach USD 108.66 Bn. by 2030, at a CAGR of 15.04%.
DRAM Market: Market size was valued at USD 93.31 Bn. in 2023 and the total DRAM size is expected to grow at a CAGR of 10.57% from 2024 to 2030, reaching nearly USD 188.54 Bn. by 2030.
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About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic Industries, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified Type estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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