Market Overview:
The global LED lamps and tubes market is expected to grow at a CAGR of 10.5% 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, growing awareness about the benefits of LED lamps and tubes, and rising demand from commercial and residential applications. In terms of type, the LED lamps segment is expected to account for a larger share of the global LED lamps and tubes market than the LED tubes segment during the forecast period. This can be attributed to factors such as lower prices for LEDs compared with other types of lighting technologies, longer life spans, improved performance in cold weather conditions, and rising demand for decorative lighting products. In terms of application, commercial use is expected to account for a larger share of the global LED lamps and tubes market than residential use duringthe forecast period.
Product Definition:
LED lamps and tubes are lighting devices that use light-emitting diodes (LEDs) as their light source. LED lamps are typically smaller, brighter, and more energy efficient than traditional incandescent lamps. They can last longer too, sometimes up to 50,000 hours. This makes them a popular choice for both residential and commercial applications.
LED Tubes:
LED tubes are small pieces of plastic or glass that contain a thin slice of LED. The light is produced by electricity passed through the tube and the colors are determined by the type of current used ( Warm White, Cool White, Red, Green). They can be attached to a standard light fitting in an ordinary lamp or used standalone as an accent light.
LED Lamps:
LED lamps and tubes are the new generation light source, which is replacing incandescent lamps. The modern lighting industry has been witnessing a tremendous change over the past few years owing to increased demand for energy-efficient products. LED lamps have low power consumption, longer lifespan, and better quality light output as compared to incandescent bulbs. These factors are expected to drive product demand in the coming years. Moreover, regulations imposed by governments of various countries such as U.S.
Application Insights:
The commercial use segment led the market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing adoption of energy-efficient lighting products for commercial applications, such as offices, retail stores and hotels. LED tubes or strips are used for general illumination in office spaces, shops and malls along with task lighting where necessary.
Residential application witnessed significant demand for LED lights owing to rising awareness about energy conservation among consumers coupled with government initiatives promoting usage of LEDs at home or residential level.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing adoption of energy-efficient lighting in commercial and residential applications across countries, such as China, Japan, South Korea, Singapore, India among others. Moreover rising awareness regarding energy conservation has compelled consumers to opt for LED lights with lower power consumption rates.
Europe is anticipated to witness significant growth over the forecast period owing to growing demand from households as well as commercial sectors including restaurants and malls especially in U.K., Germany among other European countries that have adopted LEDs at a faster rate than other regions globally due to early technology adoption by local manufacturers coupled with favorable government policies supporting R&D investments relatedto light-emitting diodes (LEDs).
Growth Factors:
- Increasing demand from the commercial sector for LED lamps and tubes as a replacement for traditional lighting sources.
- Government initiatives and regulations mandating the use of energy-efficient LED lighting in various sectors, which is expected to drive market growth over the forecast period.
- Rising awareness about the benefits of LED lamps and tubes among consumers, which is resulting in an increase in demand for these products across all end-use segments.
- Technological advancements that are resulting in improved performance and efficiency of LED lamps and tubes, thereby enhancing their appeal among consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Lamps and Tubes Market Research Report
By Type
LED Tubes, LED Lamps
By Application
Commerical Use, Residential Use
By Companies
Philips Lighting, Lendvance, GE Lighting, Panasonic, Opple, Toshiba, NVC (ETI), Sharp, Cree, Yankon Lighting, Shanghai Feilo Acoustics, FSL, PAK, MLS, Dongguan Kingsun Optoelectronic
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global LED Lamps and Tubes Market Report Segments:
The global LED Lamps and Tubes market is segmented on the basis of:
Types
LED Tubes, LED Lamps
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
Commerical Use, Residential Use
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 Lighting
- Lendvance
- GE Lighting
- Panasonic
- Opple
- Toshiba
- NVC (ETI)
- Sharp
- Cree
- Yankon Lighting
- Shanghai Feilo Acoustics
- FSL
- PAK
- MLS
- Dongguan Kingsun Optoelectronic
Highlights of The LED Lamps and Tubes 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:
- LED Tubes
- LED Lamps
- By Application:
- Commerical Use
- Residential Use
- 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 Lamps and Tubes 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 lamps and tubes are a type of lighting that uses light emitting diodes (LEDs). LEDs are small, energy-efficient devices that produce a wide range of colors. They're often used in lamps and other types of lighting because they last longer than traditional bulbs, use less energy, and generate little heat.
Some of the major players in the led lamps and tubes market are Philips Lighting, Lendvance, GE Lighting, Panasonic, Opple, Toshiba, NVC (ETI), Sharp, Cree, Yankon Lighting, Shanghai Feilo Acoustics, FSL, PAK, MLS, Dongguan Kingsun Optoelectronic.
The led lamps and tubes market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED Lamps and Tubes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LED Lamps and Tubes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED Lamps and Tubes Market - Supply Chain
4.5. Global LED Lamps and Tubes Market Forecast
4.5.1. LED Lamps and Tubes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED Lamps and Tubes Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED Lamps and Tubes Market Absolute $ Opportunity
5. Global LED Lamps and Tubes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LED Lamps and Tubes Market Size and Volume Forecast by Type
5.3.1. LED Tubes
5.3.2. LED Lamps
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED Lamps and Tubes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LED Lamps and Tubes Market Size and Volume Forecast by Application
6.3.1. Commerical Use
6.3.2. Residential Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED Lamps and Tubes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LED Lamps and Tubes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LED Lamps and Tubes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LED Lamps and Tubes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LED Lamps and Tubes Demand Share Forecast, 2019-2026
9. North America LED Lamps and Tubes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LED Lamps and Tubes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LED Lamps and Tubes Market Size and Volume Forecast by Application
9.4.1. Commerical Use
9.4.2. Residential Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED Lamps and Tubes Market Size and Volume Forecast by Type
9.7.1. LED Tubes
9.7.2. LED Lamps
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LED Lamps and Tubes Demand Share Forecast, 2019-2026
10. Latin America LED Lamps and Tubes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LED Lamps and Tubes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LED Lamps and Tubes Market Size and Volume Forecast by Application
10.4.1. Commerical Use
10.4.2. Residential Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED Lamps and Tubes Market Size and Volume Forecast by Type
10.7.1. LED Tubes
10.7.2. LED Lamps
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LED Lamps and Tubes Demand Share Forecast, 2019-2026
11. Europe LED Lamps and Tubes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LED Lamps and Tubes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LED Lamps and Tubes Market Size and Volume Forecast by Application
11.4.1. Commerical Use
11.4.2. Residential Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED Lamps and Tubes Market Size and Volume Forecast by Type
11.7.1. LED Tubes
11.7.2. LED Lamps
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LED Lamps and Tubes Demand Share, 2019-2026
12. Asia Pacific LED Lamps and Tubes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LED Lamps and Tubes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LED Lamps and Tubes Market Size and Volume Forecast by Application
12.4.1. Commerical Use
12.4.2. Residential Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED Lamps and Tubes Market Size and Volume Forecast by Type
12.7.1. LED Tubes
12.7.2. LED Lamps
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LED Lamps and Tubes Demand Share, 2019-2026
13. Middle East & Africa LED Lamps and Tubes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LED Lamps and Tubes Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LED Lamps and Tubes Market Size and Volume Forecast by Application
13.4.1. Commerical Use
13.4.2. Residential Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED Lamps and Tubes Market Size and Volume Forecast by Type
13.7.1. LED Tubes
13.7.2. LED Lamps
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LED Lamps and Tubes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED Lamps and Tubes Market: Market Share Analysis
14.2. LED Lamps and Tubes Distributors and Customers
14.3. LED Lamps and Tubes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Philips Lighting
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lendvance
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE Lighting
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Panasonic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Opple
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Toshiba
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. NVC (ETI)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sharp
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Cree
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yankon Lighting
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Shanghai Feilo Acoustics
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. FSL
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. PAK
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. MLS
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Dongguan Kingsun Optoelectronic
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
