The global LED lighting market is expected to reach a size of USD 134.71 billion by 2030, as reported by Grand View Research, Inc. This market is forecast to grow at a compound annual growth rate (CAGR) of 7.8% from 2025 to 2030. The demand for LED lighting products, such as A-lamps and T-lamps, is anticipated to rise, driven by the growing consumer preference for energy-efficient lighting options. Consumers are increasingly attracted to LED lighting due to its numerous benefits, including lower heat emissions, brighter light output, energy savings, and cost-effectiveness. The advantages of LED lighting, along with the rising demand for energy-efficient solutions in the building sector, both for residential and commercial uses, are expected to contribute significantly to the market's expansion.

Furthermore, the automotive industry is focusing on producing vehicles with a modern aesthetic to attract consumers. LED lighting technologies offer manufacturers the flexibility to create products with intricate designs in compact, visually appealing packages. As a result, there has been a surge in the adoption of LED lighting solutions by the automotive industry, especially in applications such as headlights, fog lights, and interior lighting. This growing use of LEDs in the automotive sector is expected to further expand the market.

The LED lighting market is poised for favorable growth due to a noticeable increase in industrial construction activities and rising demand for energy-efficient lighting solutions. However, the global COVID-19 pandemic has had a negative impact on infrastructure development and construction activities, leading to a reduced demand for LED lighting. Additionally, the lack of consumer awareness regarding installation costs has posed a challenge to the market's growth.

The COVID-19 pandemic significantly impacted the market. The implementation of strict lockdowns in various regions, particularly at workplaces and manufacturing plants, caused severe disruptions to the supply chain, leading to delays in the production of lighting products. However, with the easing of restrictions in the second quarter of 2021, the LED lighting industry began to recover and showed signs of growth.

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Frequently Asked Questions (FAQ) – Global LED Lighting Market

1. What is the projected market size of the global LED lighting industry by 2030?

According to the report by Grand View Research, Inc., the global LED lighting market is anticipated to reach USD 134.71 billion by 2030. 

2. What is the expected compound annual growth rate (CAGR) for the market from 2025 to 2030?

The market is projected to grow at a CAGR of 7.8% during this period.

3. What factors are driving the growth of the LED lighting market?

Key drivers include:

• Increasing demand for energy-efficient lighting solutions.

• Benefits of LED lighting such as lower heat emission, brighter light, energy savings, and cost-effectiveness.

• Rising demand from the building industry for both residential and commercial applications.

• Adoption of LED lighting in the automotive industry for headlights, fog lights, and interior illumination.

4. Which regions are leading in the adoption of LED lighting?

In 2024, the Asia Pacific region accounted for a significant revenue share of 39.75%, driven by rapid infrastructure development and increasing consumer awareness of LED benefits. 

5. Who are the leading companies in the global LED lighting market?

Key players include:

• Acuity Brands, Inc.

• Cree Lighting USA LLC

• Dialight

• Halonix Technologies Private Limited

• Hubbell

• LSI Industries Inc.

• Nanoleaf

• Panasonic Corporation

• SAVANT TECHNOLOGIES LLC

• Seoul Semiconductor Co., Ltd.

• Signify Holding

• Siteco GmbH

• Syska

• YEELIGHT

• Zumtobel Group AG

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