What is the current market size and future outlook for the industrial and commercial light-emitting diode (led) lighting market?
The industrial and commercial light-emitting diode (LED) lighting market size has grown rapidly in recent years. It will grow from $49.03 billion in 2024 to $58.73 billion in 2025 at a compound annual growth rate (CAGR) of 19.8%. The growth in the historic period can be attributed to the growing popularity of LED lighting among industries, rising demand for various cost-saving lighting, rise in demand for energy-efficient LED lighting, increase in government programs to adopt LEDs, and rising necessity to replace conventional lighting systems.
The industrial and commercial light-emitting diode (LED) lighting market size is expected to see rapid growth in the next few years. It will grow to $119.4 billion in 2029 at a compound annual growth rate (CAGR) of 19.4%. The growth in the forecast period can be attributed to the declining manufacturing cost of LEDs, growing traction for intelligent lighting systems, demand for LED lighting products, increasing construction of new structures, and high-efficacy mid-power LED to serve commercial indoor lighting. Major trends in the forecast period include growing technological advancements, increasing investments in industry-grade LED technologies, increasing investments in the modernization of infrastructure, lighting technologies are evolving, and rapidly developing lighting technology.
Get Your Free Sample of The Global Industrial And Commercial Light-Emitting Diode (LED) Lighting Market Report:
Industrial And Commercial Light-Emitting Diode (LED) Lighting Market Report 2025 Sample
What are the key drivers behind the rapid expansion of the industrial and commercial light-emitting diode (led) lighting market?
The increasing construction activities are expected to propel the growth of the industrial and commercial light-emitting diode (LED) lighting market going forward. Construction activities encompass a broad range of tasks involved in creating, modifying, maintaining, and demolishing structures and infrastructure. These activities are essential for building residential, commercial, industrial, and civil engineering projects. The increase in construction activities is due to population growth, urbanization, economic development, and the need for updated infrastructure and modern living and working spaces. Industrial and commercial LED lighting is indispensable in contemporary construction projects, offering efficient, sustainable, and aesthetically pleasing lighting solutions across interior and exterior applications. For instance, in June 2024, according to the US Census Bureau, a US-based government agency, the value of construction activities increased from $1,970.8 billion in 2023 to $2,099.0 billion in 2024, with a growth rate of 10.0%. Therefore, the increasing construction of new structures is driving growth in the industrial and commercial light-emitting diode (LED) lighting market.
What is the segmentation for the industrial and commercial light-emitting diode (led) lighting market?
The industrial and commercial light-emitting diode (LED) lighting market covered in this report is segmented –
1) By Product Type: LED Lamps, LED Fixtures
2) By Installation: New Installation, Retrofit
3) By Distribution Channel: Direct Sales, Wholesalers
4) By Application: Indoor Lighting, Outdoor Lighting
5) By End User: Commercial Offices, Retail, Hospitality And Leisure, Healthcare, Industrial, Architectural, Other End Users
Subsegments:
1) By LED Lamps: A-Type LED Lamps, Linear LED Lamps, PAR LED Lamps, Decorative LED Lamps
2) By LED Fixtures: Troffer LED Fixtures, High Bay LED Fixtures, Street LED Fixtures, Downlight LED Fixtures, Flood LED Fixtures
Order your report now for swift delivery
Industrial And Commercial Light-Emitting Diode (LED) Lighting Market Report 2025
Who are the most influential companies in the industrial and commercial light-emitting diode (led) lighting market?
Major companies operating in the industrial and commercial light-emitting diode (LED) lighting market are Samsung Electronics Co. Ltd., Panasonic Corporation, Eaton Corporation plc, Koninklijke Philips N.V., Stanley Black & Decker Inc., Signify Holding B.V., Osram Licht AG, Hubbell Inc., Acuity Brands Inc., Havells India Ltd., Hafele Gmbh & Co., Zumtobel Group AG, Lutron Electronics Co. Inc., Thorn Lighting Ltd., Cree Lighting USA LLC, General Electric Lighting, Dialight plc, Progress Lighting, Siteco GmbH, Kichler Lighting LLC, WAC Lighting, LEDiL, Maxim Lighting International Inc., Csl Lighting Inc.
What are the most influential trends expected to drive the industrial and commercial light-emitting diode (led) lighting market forward?
Major companies operating in the industrial and commercial light-emitting diode (LED) lighting market focus on innovative lighting solutions, such as LED grow lights, to provide market-leading energy efficiency and advanced light management for various industry and horticulture applications. For instance, in November 2023, LED iBond A/S, a Denmark-based lighting solutions company, launched 2nd generation of LED grow lights, LED iBond, for industrial greenhouses, specifically the HORTISABER LED grow lights. The new LED grow lights offer significant energy savings, up to 60% compared to traditional grow light lamps, which is crucial for industrial greenhouses looking to optimize energy consumption and reduce costs. The new grow lights are available in a 6-meter length, making them suitable for larger industrial greenhouses and enabling more efficient use of space.
What are the major regional insights for the industrial and commercial light-emitting diode (led) lighting market, and which region holds the top position?
North America was the largest region in the industrial and commercial light-emitting diode (LED) lighting market in 2023. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the industrial and commercial light-emitting diode (LED) lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Industrial And Commercial Light-Emitting Diode (LED) Lighting Market Report 2025 Offer?
The industrial and commercial light-emitting diode (led) lighting market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Industrial and commercial light-emitting diode (LED) lighting refers to using LED technology specifically designed for lighting applications in non-residential settings such as factories, warehouses, offices, retail spaces, and outdoor areas. LED lighting has gained popularity in industrial and commercial sectors due to its energy efficiency, long lifespan, and environmental benefits compared to traditional lighting technologies such as incandescent and fluorescent lamps.
Purchase the exclusive report now to unlock valuable market insights:
Industrial And Commercial Light-Emitting Diode (LED) Lighting Market Report 2025
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: The Business Research Company (@tbrc_info) on X
Facebook: The Business Research Company | London
YouTube: The Business Research Company
Blog: Specialty Tapes Market Insights 2025-2034: Growth Dynamics, Trends, and Strategic Opportunities – Latest Global Market Insights
Healthcare Blog: Latest Healthcare Research Reports – By The Business Research Company
Global Market Model: Global Market Intelligence Database
