Global Indoor Led Lighting Market Size & Outlook
Global indoor led lighting market, 2018-2030 (US$M)
Related Markets
Global indoor led lighting market highlights
- The global indoor led lighting market generated a revenue of USD 55,558.2 million in 2023 and is expected to reach USD 109,674.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.2% by 2030.
- In terms of segment, luminaires accounted for a revenue of USD 32,580.4 million in 2023.
- Lamps is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 55,558.2 million |
| Market revenue in 2030 | USD 109,674.1 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Luminaires |
| Fastest growing segment | Lamps |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamps, Luminaires |
Other key industry trends
- In terms of revenue, the North America accounted for 14.4% of the global indoor led lighting market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 10,291.9 million by 2030.
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Indoor LED Lighting Market Scope
Indoor LED Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global indoor led lighting market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to indoor led lighting market will help companies and investors design strategic landscapes.
Luminaires was the largest segment with a revenue share of 58.64% in 2023. Horizon Databook has segmented the Global indoor led lighting market based on lamps, luminaires covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Indoor LED Lighting Product Outlook (Revenue, USD Million, 2018-2030)
- Lamps
- Luminaires
- Global Indoor LED Lighting Installation Type Outlook (Revenue, USD Million, 2018-2030)
- New
- Retrofit
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Our clientele includes a mix of indoor led lighting market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global indoor led lighting market , including forecasts for subscribers. This global databook contains high-level insights into Global indoor led lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global indoor led lighting market size, by region, 2018-2030 (US$M)
Top 10 countries: Indoor led lighting market size, 2023 (US$M)
Global indoor led lighting market share, by product, 2023 & 2030 (%, US$M)
Indoor led lighting market: Opportunity assessment by country
Global indoor led lighting market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 3,225.8 | 3,804.0 | 3,687.1 | 4,270.5 | 4,924.7 | 5,628.9 | 6,348.9 | 7,083.1 | 7,830.9 | 8,607.7 | 9,432.8 | 10,313.0 | 11,268.2 | 10.5% |
| Europe | 7,736.0 | 8,967.8 | 8,544.7 | 9,729.0 | 11,028.8 | 12,392.0 | 13,740.0 | 15,068.8 | 16,377.1 | 17,696.2 | 19,063.5 | 20,488.8 | 22,006.6 | 8.7% |
| North America | 5,116.4 | 5,900.9 | 5,594.1 | 6,337.0 | 7,147.1 | 7,989.8 | 8,813.9 | 9,617.2 | 10,399.3 | 11,179.8 | 11,982.5 | 12,813.0 | 13,692.3 | 8.1% |
| MEA | 2,747.5 | 3,272.3 | 3,203.4 | 3,747.4 | 4,364.5 | 5,038.4 | 5,739.5 | 6,467.1 | 7,221.3 | 8,016.9 | 8,873.1 | 9,797.9 | 10,812.1 | 11.8% |
| Asia Pacific | 13,333.3 | 15,902.3 | 15,581.7 | 18,236.0 | 21,239.3 | 24,509.1 | 27,897.1 | 31,395.8 | 35,001.9 | 38,782.5 | 42,825.9 | 47,165.5 | 51,894.9 | 11.4% |
| Overall | 32,159.0 | 37,847.3 | 36,611.0 | 42,319.9 | 48,704.4 | 55,558.2 | 62,539.4 | 69,632.0 | 76,830.5 | 84,283.1 | 92,177.8 | 100,578.2 | 109,674.1 | 10.2% |
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