Market Overview:
The global LED indoor lighting market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions and the growing awareness about the benefits of LED lights over traditional lighting solutions. The global LED indoor lighting market by type is segmented into below 60w, 60w-100w, and above 100w segments. The below 60w segment is expected to account for the largest share of the global LED indoor lighting market by type in 2018. This segment is projected to grow at a CAGR of 7% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to its low cost and easy installation compared with other types of LED lights. The global LED indoor Lighting Market by application is divided into healthcare, commercial, industrial, home, and others segments. In terms of revenue share contribution, healthcare accounted for majority share in 2017 and it will continue its dominance throughout 2027 owing continuous increase incidences demanding better illumination across hospitals & clinics globally .
Product Definition:
LED Indoor Lighting is a type of lighting that uses light-emitting diodes (LEDs) as its source of light. LEDs are semiconductor devices that emit light when an electric current passes through them. LED indoor lighting has a number of advantages over traditional incandescent and fluorescent lights.
-longer life span - LEDs can last up to 50,000 hours, compared to 1,000 hours for incandescent bulbs.
2-lower energy consumption - LED bulbs use about 80% less energy than incandescent bulbs.
Below 60w:
Below 60w is a range of light sources that falls under the category of LED indoor lighting. It’s an emerging market and has been witnessing significant growth over the past few years owing to increasing demand for energy-efficient solutions across various verticals such as commercial, industrial, retail and others. The major driving factors responsible for below 60w light source adoption are cost benefits associated with these products along with growing awareness regarding environmental conservation.
60w-100w:
The 60w-100w is a range of viscosity that can be used in LED indoor lighting. The product is manufactured using various types of fluids such as vegetable oil, paraffin wax, mineral oils and some synthetic oils. It also contains additives such as antioxidants and UV absorbers to protect the LED from damage caused by heat or light; this helps extend the life of LEDs.
Application Insights:
The others application segment dominated the global LED indoor lighting market in 2017, accounting for a share of over 27.0% in terms of revenue. The growth can be attributed to rising adoption of LED lights for various applications including retail stores, museums, and public infrastructure. In addition, growing demand from commercial applications such as offices and corporate centers is expected to drive the industry growth over the forecast period.
The healthcare segment accounted for a significant share in 2017 owing to increasing investments by governments across countries toward building state-of-the-art healthcare facilities along with ancillary facilities such as research lab & medico clinics that use advanced technologies such as LEDs for illumination purposes. This is further anticipated to boost product demand within this sector during the forecast period.
Regional Analysis:
The Asia Pacific regional led indoor lighting market is anticipated to witness significant growth over the forecast period owing to increasing construction activities in countries such as China, India, and Japan. Furthermore, rising disposable income levels in these countries will drive the demand for consumer electronics products which will further propel industry growth. The Middle East & Africa region is expected to grow at a lucrative rate over the forecast period due to rapid development of infrastructure projects across several African nations.
North America led by U.S., Canada and Mexico accounted for more than 30% of global revenue share in 2017 owing to high adoption rates of technologically advanced products within this region. Moreover, presence of key manufacturers including Cree Inc.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Technological advancements in LED lighting technology
- Growing demand for LED indoor lights in commercial applications
- Declining prices of LED bulbs and fixtures
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Indoor Lighting Market Research Report
By Type
Below 60w, 60w-100w, Above 100w
By Application
Healthcare Indoor Lighting, Commercial Indoor Lighting, Industrial Indoor Lighting, Home Indoor Lighting, Others
By Companies
Philips, Osram, Cree, GE Lighting, MaxLite, Hugewin, Gemcore, Westinghouse, DECO Lighting, XtraLight, Philips, Havells Sylvania, Toshiba, Acuity Brands, Emerson Electric, LSI, Bravoled, Hubbell Lighting, Ligman Lighting
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global LED Indoor Lighting Market Report Segments:
The global LED Indoor Lighting market is segmented on the basis of:
Types
Below 60w, 60w-100w, Above 100w
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Healthcare Indoor Lighting, Commercial Indoor Lighting, Industrial Indoor Lighting, Home Indoor Lighting, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Philips
- Osram
- Cree
- GE Lighting
- MaxLite
- Hugewin
- Gemcore
- Westinghouse
- DECO Lighting
- XtraLight
- Philips
- Havells Sylvania
- Toshiba
- Acuity Brands
- Emerson Electric
- LSI
- Bravoled
- Hubbell Lighting
- Ligman Lighting
Highlights of The LED Indoor Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 60w
- 60w-100w
- Above 100w
- By Application:
- Healthcare Indoor Lighting
- Commercial Indoor Lighting
- Industrial Indoor Lighting
- Home Indoor Lighting
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LED Indoor Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LED indoor lighting is a type of artificial light that uses LED lights as its source. LEDs are more efficient and last longer than other types of artificial light, making them a popular choice for indoor use.
Some of the major companies in the led indoor lighting market are Philips, Osram, Cree, GE Lighting, MaxLite, Hugewin, Gemcore, Westinghouse, DECO Lighting, XtraLight, Philips, Havells Sylvania, Toshiba, Acuity Brands, Emerson Electric, LSI, Bravoled, Hubbell Lighting, Ligman Lighting.
The led indoor lighting market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Indoor Lighting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LED Indoor Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Indoor Lighting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LED Indoor Lighting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LED Indoor Lighting Market Size & Forecast, 2018-2028
4.5.1 LED Indoor Lighting Market Size and Y-o-Y Growth
4.5.2 LED Indoor Lighting Market Absolute $ Opportunity
Chapter 5 Global LED Indoor Lighting Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 LED Indoor Lighting Market Size Forecast by Type
5.2.1 Below 60w
5.2.2 60w-100w
5.2.3 Above 100w
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LED Indoor Lighting Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 LED Indoor Lighting Market Size Forecast by Applications
6.2.1 Healthcare Indoor Lighting
6.2.2 Commercial Indoor Lighting
6.2.3 Industrial Indoor Lighting
6.2.4 Home Indoor Lighting
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Indoor Lighting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LED Indoor Lighting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America LED Indoor Lighting Analysis and Forecast
9.1 Introduction
9.2 North America LED Indoor Lighting Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America LED Indoor Lighting Market Size Forecast by Type
9.6.1 Below 60w
9.6.2 60w-100w
9.6.3 Above 100w
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America LED Indoor Lighting Market Size Forecast by Applications
9.10.1 Healthcare Indoor Lighting
9.10.2 Commercial Indoor Lighting
9.10.3 Industrial Indoor Lighting
9.10.4 Home Indoor Lighting
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe LED Indoor Lighting Analysis and Forecast
10.1 Introduction
10.2 Europe LED Indoor Lighting Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe LED Indoor Lighting Market Size Forecast by Type
10.6.1 Below 60w
10.6.2 60w-100w
10.6.3 Above 100w
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe LED Indoor Lighting Market Size Forecast by Applications
10.10.1 Healthcare Indoor Lighting
10.10.2 Commercial Indoor Lighting
10.10.3 Industrial Indoor Lighting
10.10.4 Home Indoor Lighting
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific LED Indoor Lighting Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LED Indoor Lighting Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific LED Indoor Lighting Market Size Forecast by Type
11.6.1 Below 60w
11.6.2 60w-100w
11.6.3 Above 100w
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific LED Indoor Lighting Market Size Forecast by Applications
11.10.1 Healthcare Indoor Lighting
11.10.2 Commercial Indoor Lighting
11.10.3 Industrial Indoor Lighting
11.10.4 Home Indoor Lighting
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America LED Indoor Lighting Analysis and Forecast
12.1 Introduction
12.2 Latin America LED Indoor Lighting Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America LED Indoor Lighting Market Size Forecast by Type
12.6.1 Below 60w
12.6.2 60w-100w
12.6.3 Above 100w
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America LED Indoor Lighting Market Size Forecast by Applications
12.10.1 Healthcare Indoor Lighting
12.10.2 Commercial Indoor Lighting
12.10.3 Industrial Indoor Lighting
12.10.4 Home Indoor Lighting
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) LED Indoor Lighting Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LED Indoor Lighting Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) LED Indoor Lighting Market Size Forecast by Type
13.6.1 Below 60w
13.6.2 60w-100w
13.6.3 Above 100w
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) LED Indoor Lighting Market Size Forecast by Applications
13.10.1 Healthcare Indoor Lighting
13.10.2 Commercial Indoor Lighting
13.10.3 Industrial Indoor Lighting
13.10.4 Home Indoor Lighting
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LED Indoor Lighting Market: Competitive Dashboard
14.2 Global LED Indoor Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips
14.3.2 Osram
14.3.3 Cree
14.3.4 GE Lighting
14.3.5 MaxLite
14.3.6 Hugewin
14.3.7 Gemcore
14.3.8 Westinghouse
14.3.9 DECO Lighting
14.3.10 XtraLight
14.3.11 Philips
14.3.12 Havells Sylvania
14.3.13 Toshiba
14.3.14 Acuity Brands
14.3.15 Emerson Electric
14.3.16 LSI
14.3.17 Bravoled
14.3.18 Hubbell Lighting
14.3.19 Ligman Lighting
