Latin America Led Lighting Market Size & Outlook
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Latin America led lighting market highlights
- The Latin America led lighting market generated a revenue of USD 4,611.7 million in 2024.
- The market is expected to grow at a CAGR of 6.7% from 2025 to 2030.
- In terms of segment, luminaires was the largest revenue generating product in 2024.
- Lamps is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 4,611.7 million |
| Market revenue in 2030 | USD 6,604.4 million |
| Growth rate | 6.7% (CAGR from 2025 to 2030) |
| Largest segment | Luminaires |
| Fastest growing segment | Lamps |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lamps, Luminaires |
| Key market players worldwide | Acuity Brands Inc, Cree Lighting, Dialight PLC, Hubbell Inc, LSI Industries Inc, Panasonic Holdings Corp, Seoul Semiconductor, Signify NV, Siteco, Syska, Zumtobel Group AG ADR |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.2% of the global led lighting market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 55,299.4 million by 2030.
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LED Lighting Market Scope
LED Lighting Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LSI Industries Inc | View profile | 1540 | 10000 Alliance Road, Cincinnati, OH, United States, 45242 | https://www.lsicorp.com |
| Dialight PLC | View profile | 1970 | 25 Old Broad Street, Leaf C, Level 36, Tower 42, London, United Kingdom, EC2N 1HQ | https://www.dialight.com |
| Siteco | View profile | 1001-5000 | Traunreut, Bayern, Germany, Europe | https://www.siteco.com/ |
| Cree Lighting | View profile | 1001-5000 | Racine, Wisconsin, United States, North America | https://www.creelighting.com/company |
| Seoul Semiconductor | View profile | 5001-10000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.seoulsemicon.com/ |
| Zumtobel Group AG ADR | View profile | 5500 | Hochster Strasse 8, Dornbirn, Austria, A-6850 | https://z.lighting/en |
| Hubbell Inc | View profile | 18400 | 40 Waterview Drive, Shelton, CT, United States, 06484 | https://www.hubbell.com |
| Signify NV | View profile | 31920 | High Tech Campus 48, Eindhoven, Netherlands, 5656 AE | https://www.signify.com |
| Syska | View profile | 501-1000 | New York, New York, United States, North America | http://www.syska.com |
| Acuity Brands Inc | View profile | 12200 | 1170 Peachtree Street, N.E., Suite 2300, Atlanta, GA, United States, 30309 | https://www.acuitybrands.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
Latin America 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 led lighting market will help companies and investors design strategic landscapes.
Luminaires was the largest segment with a revenue share of 61.96% in 2024. Horizon Databook has segmented the Latin America led lighting market based on lamps, luminaires covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the market in the region can be attributed to initiatives pursued by the agencies for energy conservation. For instance, in November 2021, OLADE and IRENA, an International Renewables Energy Agency, announced their commitment toward scaling up renewable energy in the Caribbean and Latin America by 2030.
The push toward renewable energy is expected to drive the adoption of LED lighting solutions owing to higher efficiency, which can be integrated into smart lighting systems.
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Target buyers of Latin America led lighting market databook
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Our clientele includes a mix of led lighting market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America led lighting market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America led lighting market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America led lighting market size, by country, 2018-2030 (US$M)
Latin America LED Lighting Market Outlook Share, 2024 & 2030 (US$M)
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