Global Industrial and Commercial LED Market Size, Share, Development, Growth and Demand Forecast to 2024

  • Publishing: May 2021
  • Report Code: SE10248
  • Available Format: PDF

LED lights are widely used in variety of applications, which includes display and monitors, mobile devices, automotive lighting, signage, and others. According to Department of Energy (DOE), U.S., lighting accounts for about 20% of total commercial energy expenditure, in U.S. The International Energy Agency (IEA) has estimated that the global electricity spending for lighting can increase by 80% till 2030, if upgraded technologies are not implemented. The governments of progressive economies are supporting the adoption of LED lighting for the conservation of energy. With benefits, such as long life, energy efficiency, dimmable feature, better light quality, responsiveness, environment friendliness, and ability to operate in low temperatures, the demand of LED in commercial and industrial application is expected to witness a lucrative growth over the coming years.

Based on the various product types, the global industrial and commercial LED market can be bifurcated, as packaged LED market, LED lamp market, and LED luminaire market. The packaged LED market can be further categorized, as LED display, mobile devices, automotive, signage, lighting, and others. LED lamp market on the other hand can be segmented, as reflector, MR-16, Linear fluorescent tubes (LFT), A-19 and decorative, and others. The LED Luminaire market can be categorized, as retail display, outdoor, off-grid, commercial, industrial, and others.

Based on the various end users, the industrial and commercial LED market can be broadly categorized as industrial, commercial, outdoor, and architectural.

The decreasing prices of LED and the advancement in technology have increased its acceptability, across several applications. LED lighting, in its early phases was mostly adopted due to features such as better efficiency, improved operation in cold environments, and enhanced controllability. The current upsurge in their adoption is mostly due to increasing demand for energy efficient lighting solutions. The current payback period of LED light is still 3 to 4 years in most of the application; however it is expected to shorten up to 2–4 years in the coming years, which is expected to generate new opportunities across several applications, where high initial cost of LED lighting is a significant hindrance in its acceptance.


The commercial and industrial LED market has become highly competitive in terms of prices within a short time span of time. The major technology players such as Toshiba, Samsung and Sharp have entered in the industrial and commercial LED market to compete with the existing players including Cree, Lumileds, GE, and Osram. Moreover, the large government funding in developing countries of Asia-Pacific, such as China, India, Taiwan, Singapore and Malaysia has steered many small and regional level LED manufacturers, which has increased the competition in the industrial and commercial LED market.

Among global regions, Asia-Pacific accounted for the fastest growing industrial and commercial LED market in 2014.The fast growth in this region is attributed to the government initiatives, and increasing consumer awareness. Among other countries, U.S. is the largest market for the industrial and commercial LED market globally. Germany, France, Italy, Spain, China, India, Japan, Brazil, UAE, South Korea, and Australia are other major regional markets for industrial and commercial LED.

The major competitors in the global industrial and commercial LED market are Digital Lumens, Inc., Osram Licht AG, Dialight plc, GE Lighting Solutions, Zumtobel AG, Koninklijke Philips Electronics N.V., Cree, Inc., Cooper Industries plc, and Toshiba Corporation, 


Report Coverage

  • Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
  • Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
  • Uncovers potential demands in the market
  • Porter analysis identifies competitive forces within the market
  • Provides information on the historical and current market size and the future potential of the market
  • Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
  • Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions
  • Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.
Place An Order
USD 4900 USD 6400 USD 8400
Customized Report Solution

Get a bespoke market intelligence solution

We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws