Table of Content


1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 LED LIGHTING MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
    1.4 YEARS CONSIDERED 
    1.5 CURRENCY CONSIDERED 
    1.6 UNIT CONSIDERED 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA 
           FIGURE 2 LED LIGHTING MARKET: RESEARCH DESIGN
           2.1.1 PRIMARY AND SECONDARY RESEARCH DATA
           2.1.2 SECONDARY DATA
                    2.1.2.1 Key data from secondary sources
                    2.1.2.2 List of key secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Key data from primary sources
                    2.1.3.2 Key insights from industry experts
                    2.1.3.3 Breakdown of primary interviews
                    2.1.3.4 List of key primary interview participants
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.2.3 GROWTH RATE AND FORECAST ASSUMPTIONS
    2.3 FACTOR ANALYSIS 
           2.3.1 SUPPLY-SIDE ANALYSIS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED BY COMPANIES FROM PRODUCTS OFFERED IN LED LIGHTING MARKET
           2.3.2 DEMAND-SIDE ANALYSIS
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE) FOR LED LIGHTING MARKET
    2.4 DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.5 LIMITATIONS AND RISK ASSESSMENT 
    2.6 IMPACT OF RECESSION 
    2.7 RESEARCH ASSUMPTIONS 
3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 8 LAMPS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    FIGURE 9 NEW INSTALLATIONS SEGMENT TO ACCOUNT FOR LARGER MARKET DURING FORECAST PERIOD
    FIGURE 10 RETAIL/WHOLESALE SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD
    FIGURE 11 OUTDOOR SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
    FIGURE 12 ASIA PACIFIC TO BE MOST LUCRATIVE MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN LED LIGHTING MARKET 
           FIGURE 13 INCREASING ADOPTION OF LED LAMPS AS SUBSTITUTE FOR CONVENTIONAL LAMPS TO DRIVE GROWTH OF LED LIGHTING MARKET
    4.2 LED LIGHTING MARKET, BY PRODUCT TYPE 
           FIGURE 14 LAMPS SEGMENT TO ACCOUNT FOR LARGER MARKET DURING FORECAST PERIOD
    4.3 LED LIGHTING MARKET, BY INSTALLATION 
           FIGURE 15 NEW INSTALLATIONS SEGMENT TO CAPTURE LARGER MARKET DURING FORECAST PERIOD
    4.4 LED LIGHTING MARKET, BY LAMP TYPE 
           FIGURE 16 A-TYPE LAMPS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.5 LED LIGHTING MARKET, BY SALES CHANNEL 
           FIGURE 17 RETAIL/WHOLESALE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.6 LED LIGHTING MARKET, BY INDOOR APPLICATION 
           FIGURE 18 RESIDENTIAL SEGMENT TO HOLD LARGEST MARKET DURING FORECAST PERIOD
    4.7 ASIA PACIFIC: LED LIGHTING MARKET, BY APPLICATION AND KEY COUNTRY 
           FIGURE 19 CHINA AND INDOOR SEGMENT TO ACCOUNT FOR SIGNIFICANT MARKET SHARES DURING FORECAST PERIOD
    4.8 LED LIGHTING MARKET: REGIONAL ANALYSIS 
           FIGURE 20 INDIA TO BE LUCRATIVE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 21 LED LIGHTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing use of smart lighting systems
                    5.2.1.2 Global warming and need for energy consumption
                               FIGURE 22 GLOBAL LIGHTING PENETRATION TREND, 2012–2030
                    5.2.1.3 Rising demand for LED lighting systems for residential interior designing and home decoration
                    5.2.1.4 Growing investments in R&D due to rising demand for bulbs and luminaires
                    5.2.1.5 LED lighting positively impacting human health and well-being
                    5.2.1.6 Favorable government initiatives and regulations
                               FIGURE 23 LED LIGHTING MARKET DRIVERS: IMPACT ANALYSIS
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation cost of large projects
                    5.2.2.2 US-China trade conflict and ongoing Russia-Ukraine war
                    5.2.2.3 Functional problems associated with LED technology
                               FIGURE 24 LED LIGHTING MARKET RESTRAINTS: IMPACT ANALYSIS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Government initiatives to achieve carbon neutrality
                    5.2.3.2 Continuous decline in prices of LED chips and other components of lighting systems
                    5.2.3.3 Growing adoption of wireless LED lighting technology for outdoor applications
                    5.2.3.4 Rising adoption of LED lighting in horticulture
                               FIGURE 25 LED LIGHTING MARKET OPPORTUNITIES: IMPACT ANALYSIS
           5.2.4 CHALLENGES
                    5.2.4.1 Slow rate of adoption of LED technology in emerging economies
                    5.2.4.2 Threat of data/security breach in IoT-based lighting systems
                    5.2.4.3 Lack of common open standards for LED lighting
                               FIGURE 26 LED LIGHTING MARKET CHALLENGES: IMPACT ANALYSIS
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 27 VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS 
           FIGURE 28 MARKET ECOSYSTEM
           TABLE 1 LED LIGHTING MARKET: ECOSYSTEM
    5.5 INVESTMENT AND FUNDING SCENARIO 
           FIGURE 29 FUNDING SCENARIO IN LED LIGHTING MARKET, 2018–2022
    5.6 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 2 IMPACT OF PORTER’S FIVE FORCES ON LED LIGHTING MARKET
           FIGURE 30 PORTER’S FIVE FORCES ANALYSIS
           5.6.1 INTENSITY OF COMPETITIVE RIVALRY
           5.6.2 THREAT OF NEW ENTRANTS
           5.6.3 THREAT OF SUBSTITUTES
           5.6.4 BARGAINING POWER OF BUYERS
           5.6.5 BARGAINING POWER OF SUPPLIERS
    5.7 PRICING ANALYSIS 
           FIGURE 31 AVERAGE SELLING PRICE FOR LED LAMPS (60 W EQUIVALENT), 2020–2023 (USD)
           5.7.1 AVERAGE SELLING PRICE TREND FOR KEY PLAYERS
                    FIGURE 32 AVERAGE SELLING PRICE TREND FOR KEY PLAYERS, BY PRODUCT TYPE (USD)
                    FIGURE 33 KEY PLAYERS’ AVERAGE SELLING PRICE TREND FOR LED LAMPS (60 W EQUIVALENT), BY REGION, 2020–2023 (USD)
    5.8 TRADE ANALYSIS 
           TABLE 3 IMPORT VALUE FOR LAMPS AND LIGHTING FITTINGS, HS CODE: 9405, 2018–2022 (USD MILLION)
           FIGURE 34 IMPORT VALUE OF LAMPS AND LIGHTING FIXTURES, BY COUNTRY, 2018–2022 (USD MILLION)
           TABLE 4 EXPORT VALUE FOR LAMPS AND LIGHTING FIXTURES, HS CODE: 9405, 2018–2022 (USD MILLION)
           FIGURE 35 EXPORT VALUE OF LAMPS AND LIGHTING FIXTURES, BY COUNTRY, 2018–2022, (USD MILLION)
    5.9 REVENUE SHIFT & NEW REVENUE POCKETS FOR LED LIGHTING MARKET 
           FIGURE 36 REVENUE SHIFT IN LED LIGHTING MARKET
    5.10 CASE STUDY ANALYSIS 
           5.10.1 ULINE ADOPTED HIGHLY EFFICIENT KBL LUMINAIRE FROM CREE LIGHTING USA LLC TO ENHANCE PERFORMANCE LEVELS
           5.10.2 ATL HIRED BROOKS BERRY HAYNIE & ASSOCIATES TO MANAGE AND PERFORM LIGHTING CHANGEOVER FROM ADB AIRFIELD SOLUTIONS UNDER VERY TIGHT SCHEDULE
           5.10.3 FRANKLIN INSTITUTE IMPLEMENTED STOUCH LIGHTING’S NEW LIGHTING SYSTEM TO DECREASE ENERGY CONSUMPTION AND IMPROVE LIGHTING QUALITY
           5.10.4 WASHINGTON STATE DEPARTMENT OF ECOLOGY UPGRADED LED LIGHTING SYSTEM FROM CREE LIGHTING USA LLC TO REDUCE MAINTENANCE COSTS
           5.10.5 ST. LUKES PRIMARY SCHOOL, SKERTON, INSTALLED LED LIGHTING SYSTEMS FROM UK ENERGY WATCH TO REDUCE OPERATING COSTS
           5.10.6 PORT OF HOUSTON ADOPTED LED HIGH MAST LIGHTING FROM CONSTELLATION LIGHTING TO ENHANCE SAFETY AND OPERATIONAL EFFICIENCY
    5.11 KEY CONFERENCES & EVENTS 
           TABLE 5 LIST OF KEY CONFERENCES & EVENTS, 2024–2025
    5.12 PATENT ANALYSIS 
           TABLE 6 LIST OF KEY PATENTS IN LED LIGHTING MARKET, 2020–2023
           FIGURE 37 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           5.12.1 PATENT TRENDS
                    FIGURE 38 PATENTS GRANTED ANNUALLY BETWEEN 2014 AND 2023
                    TABLE 7 PATENTS REGISTERED BY TOP 20 OWNERS IN LAST 10 YEARS
    5.13 TECHNOLOGY ANALYSIS 
           5.13.1 LI-FI
           5.13.2 HUMAN-CENTRIC LIGHTING
           5.13.3 IOT LIGHTING
           5.13.4 NATURAL LIGHTING ROBOT
           5.13.5 QUANTUM DOT-ENABLED LED
    5.14 GOVERNMENT REGULATIONS AND STANDARDS 
           5.14.1 GOVERNMENT REGULATIONS
           5.14.2 LED LIGHTING MARKET STANDARDS
                    5.14.2.1 IEEE 1789-2015 modulation frequencies for Light-Emitting Diodes (LEDs)
                    5.14.2.2 Energy Star – Developed by US Department of Energy (DOE) and US Environmental Protection Agency (EPA)
                    5.14.2.3 NEMA – ANSI C78.51: Electric Lamps – LED (Light-emitting Diode) Lamps – Method of Designation
    5.15 REGULATORY LANDSCAPE 
           5.15.1 NORTH AMERICA
                    5.15.1.1 US
                    5.15.1.2 Canada
                    5.15.1.3 Mexico
           5.15.2 EUROPE
                    5.15.2.1 Switzerland
                    5.15.2.2 Germany
                    5.15.2.3 France
           5.15.3 ASIA PACIFIC
                    5.15.3.1 Japan
                    5.15.3.2 China
                    5.15.3.3 India
           5.15.4 REST OF THE WORLD
                    5.15.4.1 UAE
                    5.15.4.2 Saudi Arabia
    5.16 KEY STAKEHOLDERS IN BUYING PROCESS 
           FIGURE 39 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDOOR APPLICATIONS
           TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE INDOOR APPLICATIONS
           5.16.1 BUYING CRITERIA
                    FIGURE 40 KEY BUYING CRITERIA FOR TOP THREE INDOOR APPLICATIONS
6 LED LIGHTING MARKET, BY APPLICATION (Page No. - 97)
    6.1 INTRODUCTION 
           TABLE 9 LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
           FIGURE 41 OUTDOOR APPLICATION TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 10 LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
    6.2 INDOOR 
           TABLE 11 INDOOR: LED LIGHTING MARKET, BY TYPE, 2020–2023 (USD BILLION)
           FIGURE 42 RESIDENTIAL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 12 INDOOR: LED LIGHTING MARKET, BY TYPE, 2024–2029 (USD BILLION)
           TABLE 13 INDOOR: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
           TABLE 14 INDOOR: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
           6.2.1 RESIDENTIAL
                    6.2.1.1 Preference for comfortable lighting that consumes low power and adds to aesthetic
                               TABLE 15 RESIDENTIAL: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
                               TABLE 16 RESIDENTIAL: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
           6.2.2 COMMERCIAL
                    6.2.2.1 Need for energy-efficient, operational-at-lower-temperatures, highly efficient, and low-maintenance lights to drive market
                               TABLE 17 COMMERCIAL: LED LIGHTING MARKET, BY TYPE, 2020–2023 (USD BILLION)
                               TABLE 18 COMMERCIAL: LED LIGHTING MARKET, BY TYPE, 2024–2029 (USD BILLION)
                               TABLE 19 COMMERCIAL: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
                               TABLE 20 COMMERCIAL: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
                    6.2.2.2 Offices
                               6.2.2.2.1 Recessed luminaires and downlighters to help increase productivity and proactivity
                    6.2.2.3 Retail stores
                               6.2.2.3.1 Need to attract and engage potential customers and promote attributes, values, and information related to merchandise to drive market
                    6.2.2.4 Horticulture gardens
                               6.2.2.4.1 LED lighting to reduce operational costs through energy savings and greater efficiency
                    6.2.2.5 Other commercial applications
           6.2.3 INDUSTRIAL
                    6.2.3.1 Controlled industrial lighting to help save expenses and conserve energy
                               TABLE 21 INDUSTRIAL: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
                               TABLE 22 INDUSTRIAL: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
           6.2.4 OTHER INDOOR APPLICATIONS
                    TABLE 23 OTHER INDOOR APPLICATIONS: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 24 OTHER INDOOR APPLICATIONS: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
    6.3 OUTDOOR 
           TABLE 25 OUTDOOR: LED LIGHTING MARKET, BY TYPE, 2020–2023 (USD BILLION)
           FIGURE 43 STREETS & ROADS SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD
           TABLE 26 OUTDOOR: LED LIGHTING MARKET, BY TYPE, 2024–2029 (USD BILLION)
           TABLE 27 OUTDOOR: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
           TABLE 28 OUTDOOR: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
           6.3.1 STREETS & ROADS
                    6.3.1.1 Cost-effective and sustainable lighting to meet demand for scheduling, occupancy, and daylight harvesting requirements
           6.3.2 ARCHITECTURAL BUILDINGS
                    6.3.2.1 LED lighting to help create shapes and effects to enhance beauty of building through controlled movement of lights
           6.3.3 SPORTS COMPLEXES
                    6.3.3.1 LED lighting to offer wide beam angle and ensure optimal light coverage throughout stadiums
           6.3.4 TUNNELS
                    6.3.4.1 LED lighting to help save energy, reduce costs, augment safety, and reduce accidents
           6.3.5 OTHER OUTDOOR APPLICATIONS
7 LED LIGHTING MARKET, BY PRODUCT TYPE (Page No. - 112)
    7.1 INTRODUCTION 
           TABLE 29 LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
           FIGURE 44 LUMINAIRES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 30 LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
    7.2 LAMPS 
           TABLE 31 LAMPS: LED LIGHTING MARKET, BY TYPE, 2020–2023 (USD BILLION)
           FIGURE 45 A-TYPE LAMPS SEGMENT TO ACCOUNT FOR LARGEST MARKET DURING FORECAST PERIOD
           TABLE 32 LAMPS: LED LIGHTING MARKET, BY TYPE, 2024–2029 (USD BILLION)
           TABLE 33 LAMPS: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
           TABLE 34 LAMPS: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
           7.2.1 A-TYPE
                    7.2.1.1 Ease of installation, availability in various wattages, and versatility to fuel demand for A-type LED lamps
           7.2.2 T-TYPE
                    7.2.2.1 T-Type LED lamps to enhance commercial and industrial lighting with energy efficiency and extended lifespan
           7.2.3 OTHER LAMP TYPES
    7.3 LUMINAIRES 
           TABLE 35 LUMINAIRES: LED LIGHTING MARKET, BY LIGHTING TYPE, 2020–2023 (MILLION UNITS)
           TABLE 36 LUMINAIRES: LED LIGHTING MARKET, BY LIGHTING TYPE, 2024–2029 (MILLION UNITS)
           TABLE 37 LUMINAIRES: LED LIGHTING MARKET, BY TYPE, 2020–2023 (USD BILLION)
           FIGURE 46 DECORATIVE LUMINAIRES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 38 LUMINAIRES: LED LIGHTING MARKET, BY TYPE, 2024–2029 (USD BILLION)
           TABLE 39 LUMINAIRES: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
           TABLE 40 LUMINAIRES: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
           7.3.1 DOWNLIGHTING
                    7.3.1.1 Ability to consume less energy, provide instant illumination, and save energy to drive demand for downlighting
           7.3.2 DECORATIVE LIGHTING
                    7.3.2.1 Decorative lighting to make commercial and retail spaces more appealing
           7.3.3 DIRECTIONAL LIGHTING
                    7.3.3.1 Directional lighting to illuminate with precision and highlight architectural features
           7.3.4 OTHER LUMINAIRE TYPES
8 LED LIGHTING MARKET, BY INSTALLATION (Page No. - 123)
    8.1 INTRODUCTION 
           TABLE 41 LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
           FIGURE 47 NEW INSTALLED LED LIGHTS SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 42 LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
    8.2 NEW INSTALLATION 
           8.2.1 NEWLY INSTALLED-LED LIGHTS’ ADHERENCE TO LATEST REGULATIONS TO EMPHASIZE ENERGY EFFICIENCY AND SUSTAINABILITY
                    TABLE 43 NEW INSTALLATION: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 44 NEW INSTALLATION: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
    8.3 RETROFIT 
           8.3.1 RETROFIT LED INSTALLATIONS TO BECOME COST-EFFECTIVE AND SUSTAINABLE SOLUTIONS
                    TABLE 45 RETROFIT INSTALLATION: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
                    TABLE 46 RETROFIT INSTALLATION: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
9 LUMENS IN LED LIGHTING (Page No. - 128)
    9.1 INTRODUCTION 
    9.2 1,600 LUMENS 
    9.3 1,100 LUMENS 
    9.4 800 LUMENS 
    9.5 450 LUMENS 
           TABLE 47 LUMENS AND WATTAGE COMPARISON TABLE
    9.6 ADDITIONAL LED CLASSES 
           9.6.1 LOW-POWER LED
           9.6.2 HIGH-POWER LED
                    TABLE 48 LED LIGHT MEASUREMENT ATTRIBUTES
10 LED LIGHTING MARKET, BY SALES CHANNEL (Page No. - 131)
     10.1 INTRODUCTION 
             TABLE 49 LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
             FIGURE 48 ECOMMERCE SEGMENT TO LEAD LED LIGHTING MARKET WITH HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 50 LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
     10.2 RETAIL/WHOLESALE 
             10.2.1 RISING CONCERN ABOUT AFTER-SALES SERVICE TO BOOST DEMAND FOR RETAILERS/WHOLESALERS
                        TABLE 51 RETAIL/WHOLESALE: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
                        TABLE 52 RETAIL/WHOLESALE: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
     10.3 DIRECT SALES/CONTRACT-BASED 
             10.3.1 NEED TO FULFIL CUSTOMERS’ SPECIFIC NEEDS AND PROVIDE TAILORED SOLUTIONS AND COST EFFICIENCY TO DRIVE MARKET
                        TABLE 53 DIRECT SALES/CONTRACT-BASED: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
                        TABLE 54 DIRECT SALES/CONTRACT-BASED: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
     10.4 ECOMMERCE 
             10.4.1 NEED FOR ECOMMERCE PLATFORMS FOR SEAMLESSLY DELIVERING LED LIGHTING SOLUTIONS AT CONSUMERS’ DOORSTEPS
                        TABLE 55 ECOMMERCE: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
                        TABLE 56 ECOMMERCE: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
11 LED LIGHTING MARKET, BY REGION (Page No. - 137)
     11.1 INTRODUCTION 
             FIGURE 49 LED LIGHTING MARKET: BY REGION
             FIGURE 50 INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 57 LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
             TABLE 58 LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
     11.2 AMERICAS 
             FIGURE 51 AMERICAS: SNAPSHOT OF LED LIGHTING MARKET
             11.2.1 AMERICAS: RECESSION IMPACT
                        TABLE 59 AMERICAS: LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
                        TABLE 60 AMERICAS: LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
                        TABLE 61 AMERICAS: LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
                        TABLE 62 AMERICAS: LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
                        TABLE 63 AMERICAS: LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
                        TABLE 64 AMERICAS: LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
                        TABLE 65 AMERICAS: LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
                        TABLE 66 AMERICAS: LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
                        TABLE 67 AMERICAS: LED LIGHTING MARKET, BY REGION, 2020–2023 (USD BILLION)
                        TABLE 68 AMERICAS: LED LIGHTING MARKET, BY REGION, 2024–2029 (USD BILLION)
             11.2.2 NORTH AMERICA
                        TABLE 69 NORTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
                        TABLE 70 NORTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
                        TABLE 71 NORTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
                        TABLE 72 NORTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
                        TABLE 73 NORTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
                        TABLE 74 NORTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
                        TABLE 75 NORTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
                        TABLE 76 NORTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
                        TABLE 77 NORTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
                        TABLE 78 NORTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
                        11.2.2.1 US
                                     11.2.2.1.1 Economic stability and high investments in advanced LED technologies to accelerate adoption of LED lighting
                        11.2.2.2 Canada
                                     11.2.2.2.1 Increasing awareness among consumers regarding benefits of energy-efficient systems to propel market
                        11.2.2.3 Mexico
                                     11.2.2.3.1 Increase in adoption of automation solutions across diverse industries to boost market
             11.2.3 SOUTH AMERICA
                        TABLE 79 SOUTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
                        TABLE 80 SOUTH AMERICA: LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
                        TABLE 81 SOUTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
                        TABLE 82 SOUTH AMERICA: LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
                        TABLE 83 SOUTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
                        TABLE 84 SOUTH AMERICA: LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
                        TABLE 85 SOUTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
                        TABLE 86 SOUTH AMERICA: LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
                        TABLE 87 SOUTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
                        TABLE 88 SOUTH AMERICA: LED LIGHTING MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
                        11.2.3.1 Brazil
                                     11.2.3.1.1 High demand for energy-efficient solutions and robust presence of airports to drive market
                        11.2.3.2 Argentina
                                     11.2.3.2.1 Government’s energy conservation initiatives to drive market
                        11.2.3.3 Rest of South America
     11.3 EUROPE 
             FIGURE 52 EUROPE: SNAPSHOT OF LED LIGHTING MARKET
             11.3.1 EUROPE: RECESSION IMPACT
                        TABLE 89 EUROPE: LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
                        TABLE 90 EUROPE: LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
                        TABLE 91 EUROPE: LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
                        TABLE 92 EUROPE: LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
                        TABLE 93 EUROPE: LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
                        TABLE 94 EUROPE: LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
                        TABLE 95 EUROPE: LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
                        TABLE 96 EUROPE: LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
                        TABLE 97 EUROPE: LED LIGHTING MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
                        TABLE 98 EUROPE: LED LIGHTING MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
                        11.3.2.1 Rising environmental consciousness and legislation related to energy efficiency to propel market
             11.3.3 GERMANY
                        11.3.3.1 Growing prevalence of smart homes and robust economy to create growth opportunities
             11.3.4 FRANCE
                        11.3.4.1 Increasing investments in infrastructure sector to create growth opportunities for LED lighting providers
             11.3.5 ITALY
                        11.3.5.1 Government initiatives promoting improved design and management of lighting systems to drive market
             11.3.6 SPAIN
                        11.3.6.1 Government’s focus on reducing greenhouse emissions to fuel market growth
             11.3.7 REST OF EUROPE
     11.4 ASIA PACIFIC 
             FIGURE 53 ASIA PACIFIC: SNAPSHOT OF LED LIGHTING MARKET
             11.4.1 ASIA PACIFIC: RECESSION IMPACT
                        TABLE 99 ASIA PACIFIC: LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
                        TABLE 100 ASIA PACIFIC: LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
                        TABLE 101 ASIA PACIFIC: LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
                        TABLE 102 ASIA PACIFIC: LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
                        TABLE 103 ASIA PACIFIC: LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
                        TABLE 104 ASIA PACIFIC: LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
                        TABLE 105 ASIA PACIFIC: LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
                        TABLE 106 ASIA PACIFIC: LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
                        TABLE 107 ASIA PACIFIC: LED LIGHTING MARKET, BY COUNTRY, 2020–2023 (USD BILLION)
                        TABLE 108 ASIA PACIFIC: LED LIGHTING MARKET, BY COUNTRY, 2024–2029 (USD BILLION)
             11.4.2 CHINA
                        11.4.2.1 Growing economy and increasing implementation of sensors in industrial applications to propel market
             11.4.3 JAPAN
                        11.4.3.1 Infrastructural developments to accelerate market growth
             11.4.4 INDIA
                        11.4.4.1 Government-run smart city projects to boost demand for LED lighting and control solutions
             11.4.5 AUSTRALIA
                        11.4.5.1 High penetration rate of LED lighting systems in major cities to foster market growth
             11.4.6 SOUTH KOREA
                        11.4.6.1 Presence of major LED lighting manufacturers to support market growth
             11.4.7 REST OF ASIA PACIFIC
     11.5 REST OF THE WORLD (ROW) 
             11.5.1 ROW: RECESSION IMPACT
                        TABLE 109 ROW: LED LIGHTING MARKET, BY PRODUCT TYPE, 2020–2023 (USD BILLION)
                        TABLE 110 ROW: LED LIGHTING MARKET, BY PRODUCT TYPE, 2024–2029 (USD BILLION)
                        TABLE 111 ROW: LED LIGHTING MARKET, BY SALES CHANNEL, 2020–2023 (USD BILLION)
                        TABLE 112 ROW: LED LIGHTING MARKET, BY SALES CHANNEL, 2024–2029 (USD BILLION)
                        TABLE 113 ROW: LED LIGHTING MARKET, BY APPLICATION, 2020–2023 (USD BILLION)
                        TABLE 114 ROW: LED LIGHTING MARKET, BY APPLICATION, 2024–2029 (USD BILLION)
                        TABLE 115 ROW: LED LIGHTING MARKET, BY INSTALLATION, 2020–2023 (USD BILLION)
                        TABLE 116 ROW: LED LIGHTING MARKET, BY INSTALLATION, 2024–2029 (USD BILLION)
                        TABLE 117 ROW: LED LIGHTING MARKET, BY SUBREGION, 2020–2023 (USD BILLION)
                        TABLE 118 ROW: LED LIGHTING MARKET, BY SUBREGION, 2024–2029 (USD BILLION)
             11.5.2 MIDDLE EAST
                        11.5.2.1 Eco-friendly green building regulations and streetlight retrofitting programs to spur market growth
                        11.5.2.2 GCC Countries
                        11.5.2.3 Rest of Middle East
                                     TABLE 119 MIDDLE EAST: LED LIGHTING MARKET, BY SUBREGION, 2020–2023 (USD BILLION)
                                     TABLE 120 MIDDLE EAST: LED LIGHTING MARKET, BY SUBREGION, 2024–2029 (USD BILLION)
             11.5.3 AFRICA
                        11.5.3.1 Ongoing urbanization to significantly boost demand for LED lighting solutions
12 COMPETITIVE LANDSCAPE (Page No. - 172)
     12.1 INTRODUCTION 
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             TABLE 121 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN LED LIGHTING MARKET
             12.2.1 PRODUCT PORTFOLIO
             12.2.2 REGIONAL FOCUS
             12.2.3 MANUFACTURING FOOTPRINT
             12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
     12.3 MARKET SHARE ANALYSIS 
             TABLE 122 LED LIGHTING MARKET: DEGREE OF COMPETITION (FRAGMENTED)
     12.4 REVENUE ANALYSIS OF KEY PLAYERS 
             FIGURE 54 REVENUE ANALYSIS OF KEY PLAYERS IN LED LIGHTING MARKET, 2018–2022
     12.5 COMPANY VALUATION AND FINANCIAL METRICS 
             FIGURE 55 COMPANY VALUATION, 2022 (USD BILLION)
             FIGURE 56 FINANCIAL METRICS (EV/EBITDA), 2022
     12.6 BRAND/PRODUCT COMPARISON 
             FIGURE 57 BRAND/PRODUCT COMPARISON
     12.7 COMPANY EVALUATION MATRIX FOR KEY PLAYERS 
             12.7.1 STARS
             12.7.2 PERVASIVE PLAYERS
             12.7.3 EMERGING LEADERS
             12.7.4 PARTICIPANTS
                        FIGURE 58 LED LIGHTING MARKET: COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2023
             12.7.5 COMPANY FOOTPRINT
                        TABLE 123 OVERALL COMPANY FOOTPRINT
                        TABLE 124 COMPANY PRODUCT TYPE FOOTPRINT
                        TABLE 125 COMPANY APPLICATION FOOTPRINT
                        TABLE 126 COMPANY REGIONAL FOOTPRINT
     12.8 COMPANY EVALUATION MATRIX FOR START-UPS/SMES 
             12.8.1 PROGRESSIVE COMPANIES
             12.8.2 RESPONSIVE COMPANIES
             12.8.3 DYNAMIC COMPANIES
             12.8.4 STARTING BLOCKS
                        FIGURE 59 LED LIGHTING MARKET: COMPANY EVALUATION MATRIX FOR START-UPS/SMES, 2023
             12.8.5 COMPETITIVE BENCHMARKING
                        TABLE 127 LIST OF START-UPS/SMES
                        TABLE 128 COMPETITIVE BENCHMARKING OF OTHER PLAYERS (START-UPS/SMES)
                        TABLE 129 KEY START-UPS IN LED LIGHTING MARKET
     12.9 COMPETITIVE SCENARIO AND TRENDS 
             12.9.1 PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 130 LED LIGHTING MARKET: PRODUCT LAUNCHES & DEVELOPMENTS, MARCH 2020–DECEMBER 2023
             12.9.2 DEALS
                        TABLE 131 LED LIGHTING MARKET: DEALS, OCTOBER 2020–SEPTEMBER 2023
             12.9.3 OTHERS
                        TABLE 132 LED LIGHTING MARKET: OTHERS, FEBRUARY 2020–AUGUST 2023
13 COMPANY PROFILES (Page No. - 204)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*  
     13.1 KEY PLAYERS 
             13.1.1 SIGNIFY HOLDING
                        TABLE 133 SIGNIFY HOLDING: BUSINESS OVERVIEW
                        FIGURE 60 SIGNIFY HOLDING: COMPANY SNAPSHOT
                        TABLE 134 SIGNIFY HOLDING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 135 SIGNIFY HOLDING: PRODUCT LAUNCHES
                        TABLE 136 SIGNIFY HOLDING: DEALS
                        TABLE 137 SIGNIFY HOLDING: OTHERS
             13.1.2 ACUITY BRANDS, INC.
                        TABLE 138 ACUITY BRANDS, INC.: BUSINESS OVERVIEW
                        FIGURE 61 ACUITY BRANDS, INC.: COMPANY SNAPSHOT
                        TABLE 139 ACUITY BRANDS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 140 ACUITY BRANDS, INC.: PRODUCT LAUNCHES
                        TABLE 141 ACUITY BRANDS, INC.: DEALS
             13.1.3 PANASONIC HOLDINGS CORPORATION
                        TABLE 142 PANASONIC HOLDINGS CORPORATION: BUSINESS OVERVIEW
                        FIGURE 62 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
                        TABLE 143 PANASONIC HOLDINGS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 144 PANASONIC HOLDINGS CORPORATION: PRODUCT LAUNCHES
                        TABLE 145 PANASONIC HOLDINGS CORPORATION: DEALS
                        TABLE 146 PANASONIC HOLDINGS CORPORATION: OTHERS
             13.1.4 AMS-OSRAM AG
                        TABLE 147 AMS-OSRAM AG: BUSINESS OVERVIEW
                        FIGURE 63 AMS-OSRAM AG: COMPANY SNAPSHOT
                        TABLE 148 AMS-OSRAM AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 149 AMS-OSRAM AG: PRODUCT LAUNCHES
                        TABLE 150 AMS-OSRAM AG: DEALS
             13.1.5 LG ELECTRONICS
                        TABLE 151 LG ELECTRONICS: BUSINESS OVERVIEW
                        FIGURE 64 LG ELECTRONICS: COMPANY SNAPSHOT
                        TABLE 152 LG ELECTRONICS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 153 LG ELECTRONICS: PRODUCT LAUNCHES
                        TABLE 154 LG ELECTRONICS: DEALS
             13.1.6 CREE LIGHTING USA LLC
                        TABLE 155 CREE LIGHTING USA LLC: BUSINESS OVERVIEW
                        TABLE 156 CREE LIGHTING USA LLC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 157 CREE LIGHTING USA LLC: PRODUCT LAUNCHES
                        TABLE 158 CREE LIGHTING USA LLC: DEALS
             13.1.7 DIALIGHT
                        TABLE 159 DIALIGHT: BUSINESS OVERVIEW
                        FIGURE 65 DIALIGHT: COMPANY SNAPSHOT
                        TABLE 160 DIALIGHT: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 161 DIALIGHT: PRODUCT LAUNCHES
             13.1.8 HUBBELL (PART OF GE CURRENT)
                        TABLE 162 HUBBELL: BUSINESS OVERVIEW
                        FIGURE 66 HUBBELL: COMPANY SNAPSHOT
                        TABLE 163 HUBBELL: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 164 HUBBELL: DEALS
             13.1.9 ZUMTOBEL GROUP
                        TABLE 165 ZUMTOBEL GROUP: BUSINESS OVERVIEW
                        FIGURE 67 ZUMTOBEL GROUP: COMPANY SNAPSHOT
                        TABLE 166 ZUMTOBEL GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 167 ZUMTOBEL GROUP: PRODUCT LAUNCHES
             13.1.10 SAVANT SYSTEMS, INC.
                        TABLE 168 SAVANT SYSTEMS, INC.: BUSINESS OVERVIEW
                        TABLE 169 SAVANT SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 170 SAVANT SYSTEMS, INC.: PRODUCT LAUNCHES
                        TABLE 171 SAVANT SYSTEMS, INC.: DEALS
     13.2 OTHER COMPANIES 
             13.2.1 CURRENT LIGHTING SOLUTIONS, LLC
             13.2.2 SAMSUNG
             13.2.3 SHARP CORPORATION
             13.2.4 SITECO GMBH (GE)
             13.2.5 HAVELLS INDIA LTD.
             13.2.6 TRILUX GMBH & CO. KG
             13.2.7 FAGERHULTS BELYSNING AB
             13.2.8 SYSKA
             13.2.9 GOGREENLED
             13.2.10 FOREST LIGHTING
             13.2.11 EVERLIGHT ELECTRONICS CO., LTD.
             13.2.12 WIPRO LIGHTING
             13.2.13 OPPLE LIGHTING CO., LTD.
             13.2.14 NVC LIGHTING LTD. (SUBSIDIARY OF NVC INTERNATIONAL HOLDINGS)
             13.2.15 SORAA
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  
14 APPENDIX (Page No. - 264)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS