LED Light Bulbs Market Analysis & Forecast 2024-2030

An LED light bulb is a solid-state lighting (SSL) device that fits in standard screw-in connections but uses LEDs (light-emitting diodes) to produce light. LED light bulbs are a more environmentally-friendly alternative to incandescent bulbs. LED bulbs use a semiconductor device that emits visible light when an electric current passes through it. That property is known as Electroluminescence.  

Due to the rapid progress in LED technologies, these bulbs have more efficiency, low cost and high output which made them viable for the larger-scale lighting used in households, businesses and other environments. LED light bulbs has some other benefits such as it gets cooler quickly than incandescent bulbs in operation, it gets instantly on unlike compact fluorescent bulbs, possesses broad range of color possibilities, customizable lights can be controlled through a Bluetooth connection, lowest cost over ownership of all lights, no mercury and minimal toxic materials required, a single lamp represents a reduction of hundreds of pounds of CO2, compared to use of incandescents, possible simultaneous use in data transfer with LiFi.  

The average life of an LED is around 50,000 hours, and it surpasses the life of the typical incandescent bulb by several tens of thousands of hours. The strong reason behind people looking for these bulbs is that they are cost-effective and energy-efficient which lower the utility bills and also take care of the problem of non-renewable energy sources. The decreasing prices and governments support for energy-efficient lighting globally through subsidies are attracting large organizations to use these products in large-scale installations. They are available in a range of watts, colors, bases, shapes, dimmable controls, etc. each having specific use in various application areas.  

Indoor applications of the LED lamp such as sage in commercial, industrial, and residential areas also sage in commercial, industrial, and residential areas while outdoor applications such as building of better roadways, smart cities and flyovers for developing infrastructure will boost this market during forecast period due to their benefits such as low heat, high efficacy, and longer life. Thus, LED bulbs are rapidly replacing incandescent and fluorescent bulbs and are expected to witness robust growth in the coming years. The application segment is divided into automotive, general lighting, backlighting, signal & signage and others.  

LED Light Bulbs Market: Product Type

• Spot Light
• Street Light
• Tube Light
• WALL Washer Light
• Bulb

LED Light Bulbs Market : Application

• Residential
• Office
• Shop
• Hospitality

Global LED Light Bulbs Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global LED Light Bulbs Market:

• Osram
• Philips
• GE Lighting
• Acuity Brands
• Eaton
• Cree
• Panasonic
• Toshiba
• Sharp
• Yankon Lighting
• Opple
• Hubbell
• Zumtobel Group
 
• NVC (ETI)
• Nichia
• FSL
• TCP
• Havells
• Mitsubishi
• MLS

Geographical analysis of LED Light Bulbs Market:

• North America
  • U.S.A
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global LED Light Bulbs Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

Frequently Asked Questions (FAQ)