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LED Light Engine Market By Product Type (Lamp and Luminaire), Installation Type (New Installation and Retrofit Installation), Application (Indoor Lighting and Outdoor Lighting), and End User (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030

A11787
Pages: 251
Jun 2021 | 347 Views
   
Author(s) : Shantanu Sachan , Vineet Kumar
Tables: 142
Charts: 75
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  • SIngle User License, Five User
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  • Data Pack Excel License

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COVID-19

Pandemic disrupted the entire world and affected many industries.

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LED Light Engine Market Outlook – 2030 

The global LED light engine market size was valued at $25.15 billion in 2020, and is projected to reach $91.27 billion by 2030, to register a CAGR of 13.3% from 2021 to 2030. North America was the highest revenue contributor, accounting for $9.74 Billion in 2020, and is estimated to reach $29.54 million by 2030, with a CAGR of 11.4%. 

The COVID-19 pandemic has hindered the demand for LED light engine market in 2020 and is estimated to witness slow growth till the end of 2021 due to implementation of partial and complete lockdown across various countries globally as it has impacted the manufacturing and industrial sector.

The LED light engine (LLE) is an integrated assembly, which is composed of one or more LED arrays (modules) or light emitting diodes (LEDs) as well as an LED driver along with the other optical, mechanical, thermal, and electrical components. It is a cutting-edge lighting technology that offers increased efficiency and longevity. A luminaire's fundamental component is its LED light engine. These light engines can be used to replace standard lamps. It is made of LED chips placed on the circuit board. They are mainly classified into two categories including lamp and luminaire. Compared with traditional LEDs, LED light engine do not require an AC/DC transformer because they are directly connected to alternating current or AC power.

LED-Light-Engine-Market

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Factors such as rapid urbanization coupled with infrastructural development; reduction in LED prices; and emergence of initiatives by governing bodies toward the adoption of the energy-efficient lighting system mainly drive the growth of the LED light engine market. For instance, on going smart cities initiatives around the globe has encouraged the implementation of lighting systems, which are based on IoT. 

Moreover, huge growth of LED technology over conventional lighting technology as well as rise in penetration of LEDs as light sources in general lighting is projected to drive the growth of the market during the forecast period. On the other hand, the integration of wireless technology in LED lighting systems and emergence of innovative LED light engine products are projected to create lucrative growth opportunities for the market during the forecast period. 

The global LED light engine market has been significantly impacted by the COVID-19 outbreak. The production facilities of the electronics and semiconductors have been halted, owing to the slowdown and unavailability of the workforce across the globe. COVID-19 outbreak has caused a significant and protracted drop in manufacturing utilization, and travel bans & facility closures kept workers out of their factories, which led to slowdown in the growth of the LED light engine market in 2020.

As per the market analysis, in the product type, lamp segment is projected to be most lucrative segment during the forecast period followed by luminaire. On the basis of analysis in the applications for LED light engine market, the outdoor lighting segment is anticipated to witness highest growth rate during the forecast period. Whereas, region-wise, Asia-Pacific and North America collectively accounted for more than 61.2% of the LED light engine market share in 2020. As per the country analysis of Asia-Pacific region, China was the major shareholder in the light engine market.

Region wise, the LED light engine market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).The Asia-Pacific region is expected to develop at the highest growth rate during the conjecture time frame. The increased construction activities in this region primarily drives the growth of the market. Developing countries such as China and India are anticipated to be the largest LED light engine market. This is attributed to the rise in initiatives by governments of such countries, encouraging the population to adopt LED lightings.

Leading LED light engine market players such as Acuity Brands, Inc., General Electric Company, Glamox Limited, Innovations in Optics Inc., and Hubbell Incorporated are focusing their investments on technologically advanced and cost-effective products. 

For instance, in March 2019, Innovations in Optics Inc., the manufacturer of high power LED light sources has launched LumiBright UV-LED Light Engines, powerful solid-state sources that are being used within OEM equipment applied to photocuring of coatings and adhesives, as well as photomask exposure systems for photolithography. Moreover, the companies aim for business expansion through mergers & acquisitions, partnerships, and product launches to prevent the new entrants from capturing/entering the market.

LED Light Engine Market
By Product Type

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Luminaire segment will maintain the lead throughout the forecast period

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Top Impacting Factors

Factors such as rapid urbanization coupled with infrastructural development; reduction in LED prices; and emergence of initiatives governing bodies toward the adoption of the energy-efficient lighting system mainly drives the growth of the market. In addition, huge growth of LED technology over conventional lighting technology as well as rise in penetration of LEDs as light sources in general lighting is projected to drive the growth of the market during the forecast period. Furthermore, the LED light engine have a longer lifecycle which leads to lesser LED light engine replacement. 

LED Light Engine Market
By Installation Type

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Retrofit Installation segment projected to be the most lucrative segment

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However, the lack of awareness among consumers about the installation cost is anticipated to restrain the LED Light Engine market growth. On the contrary, the integration of wireless technology in LED lighting systems and emergence of innovative LED light engine products for applications even in harsh environment such as, marine room lights, are expected to create lucrative growth opportunities for the market during the forecast period.

LED Light Engine Market
By Application

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Indoor segment will dominate the market during 2021 - 2030

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Segment Overview

The global LED light engine market is segmented on the basis of product type, installation type, application, end user, and region. On the basis of product type, the market is bifurcated into lamp and luminaire. By installation type, the market is classified into new installation and retrofit installation. According to the application, the market is segmented into indoor lighting and outdoor lighting. On the basis of end user, the market is classified into residential, commercial, and industrial. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

LED Light Engine Market
By End User

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Commercial segment will generate the highest revenue during the forecast period

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Competitive Analysis

Competitive analysis and profiles of the major LED light engine market players such as Acuity Brands Inc., General Electric Company, Glamox Limited, Hubbell Incorporated, Ideal Industries Inc., Lutron Electronics Co. Inc., OSRAM GmbH, Samsung Electronics Co. Ltd., Signify Holding, and Zumtobel Lighting GmbH. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

LED Light Engine Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 16.2% during 2021 - 2030

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COVID-19 Impact Analysis

Global LED light engine industry has been significantly impacted by the COVID-19 outbreak. The production facilities of the electronics and semiconductors have been halted, owing to the slowdown and unavailability of the workforce across the globe. COVID-19 outbreak has caused a significant and protracted drop in manufacturing utilization, and travel bans & facility closures kept workers out of their factories, which led to decrease in the growth of the LED light engine industry in 2020. 

The Asian and European countries under lockdowns have suffered in major loss of business and revenue, due to the shutdown of manufacturing units in the region. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; thereby, leading to decline in the growth of the LED light engine market in 2020.  

However, the negative impact of COVID-19 on the LED light engine market is expected to be there for a short period of time, and by early 2021 the market is anticipated to observe robust recovery rate along with the extensive demand for LED light engine products in post pandemic. This is due to the fact that a growing number of market players are reassessing their strategies and coming up with quick responses to stabilize their supply chain. For instance, according to the Lighting Industry Association (LIA) survey in May 2020, 71% of LIA members reported a recovery plan in place ready for the removal of lockdown measures. 

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global LED light engine market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall LED light engine market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current LED light engine market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and the LED light engine market share of key vendors.
  • The report includes the market trends and the market share of key vendors.

LED Light Engine Market Key Segments

By Product Type

  • Lamp
  • Luminaire

By Installation Type

  • New Installation
  • Retrofit Installation

By Application

  • Indoor Lighting 
  • Outdoor Lighting

By End User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Sweden
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China 
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Market Players

  • Acuity Brands Inc.
  • General Electric Company
  • Glamox Limited
  • Hubbell Incorporated
  • OSRAM GmbH
  • Ideal Industries Inc.
  • Lutron Electronics Co. Inc.
  • Samsung Electronics Co. Ltd.
  • Signify Holding
  • Zumtobel Lighting GmbH
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments

1.3.1.Key market players

1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.COVID-19 impact analysis on LED light engine market

3.2.1.Impact on market size
3.2.2.End user trends, preferences, and budget impact
3.2.3.Key player strategies to tackle COVID-19’s impact

3.3.Key findings

3.3.1.Top impacting factors
3.3.2.Top investment pockets

3.4.Porter’s five forces analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Rapid urbanization coupled with infrastructural development
3.5.1.2.Reduction in LED prices
3.5.1.3.Emergence of initiatives governing bodies toward the adoption of the energy-efficient lighting system
3.5.1.4.Huge growth of LED technology over outdoor lighting technology as well as rise in penetration of LEDs as light sources in general lighting

3.5.2.Restraints

3.5.2.1.The lack of awareness among consumers about the installation cost

3.5.3.Opportunities

3.5.3.1.The integration of wireless technology in LED lighting systems
3.5.3.2.Emergence of innovative LED light engine products

CHAPTER 4:GLOBAL LED LIGHT ENGINE MARKET, BY PRODUCT TYPE

4.1.Overview
4.2.Lamp

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Luminaire

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:GLOBAL LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE

5.1.Overview
5.2.New installation

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Retrofit installation

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

CHAPTER 6:GLOBAL LED LIGHT ENGINE MARKET, BY APPLICATION

6.1.Overview
6.2.Indoor

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Outdoor

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

CHAPTER 7:GLOBAL LED LIGHT ENGINE MARKET, BY END USER 

7.1.Overview
7.2.Residential

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country

7.3.Commercial

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country

7.4.Industrial

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market analysis, by country

CHAPTER 8:LED LIGHT ENGINE MARKET, BY REGION

8.1.Overview
8.2.North America

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by product type
8.2.3.Market size and forecast, by installation type
8.2.4.Market size and forecast, by application
8.2.5.Market size and forecast, by end user
8.2.6.Market analysis, by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by product type
8.2.6.1.2.Market size and forecast, by installation type
8.2.6.1.3.Market size and forecast, by application
8.2.6.1.4.Market size and forecast, by end user

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by product type
8.2.6.2.2.Market size and forecast, by installation type
8.2.6.2.3.Market size and forecast, by application
8.2.6.2.4.Market size and forecast, by end user

8.2.6.3.Mexico

8.2.6.3.1.Market size and forecast, by product type
8.2.6.3.2.Market size and forecast, by installation type
8.2.6.3.3.Market size and forecast, by application
8.2.6.3.4.Market size and forecast, by end user

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by product type
8.3.3.Market size and forecast, by installation type
8.3.4.Market size and forecast, by application
8.3.5.Market size and forecast, by end user
8.3.6.Market analysis, by country

8.3.6.1.UK

8.3.6.1.1.Market size and forecast, by product type
8.3.6.1.2.Market size and forecast, by installation type
8.3.6.1.3.Market size and forecast, by application
8.3.6.1.4.Market size and forecast, by end user

8.3.6.2.Germany

8.3.6.2.1.Market size and forecast, by product type
8.3.6.2.2.Market size and forecast, by installation type
8.3.6.2.3.Market size and forecast, by application
8.3.6.2.4.Market size and forecast, by end user

8.3.6.3.France

8.3.6.3.1.Market size and forecast, by product type
8.3.6.3.2.Market size and forecast, by installation type
8.3.6.3.3.Market size and forecast, by application
8.3.6.3.4.Market size and forecast, by end user

8.3.6.4.Italy

8.3.6.4.1.Market size and forecast, by product type
8.3.6.4.2.Market size and forecast, by installation type
8.3.6.4.3.Market size and forecast, by application
8.3.6.4.4.Market size and forecast, by end user

8.3.6.5.Rest of Europe

8.3.6.5.1.Market size and forecast, by product type
8.3.6.5.2.Market size and forecast, by installation type
8.3.6.5.3.Market size and forecast, by application
8.3.6.5.4.Market size and forecast, by end user

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by product type
8.4.3.Market size and forecast, by installation type
8.4.4.Market size and forecast, by application
8.4.5.Market size and forecast, by end user
8.4.6.Market analysis, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by product type
8.4.6.1.2.Market size and forecast, by installation type
8.4.6.1.3.Market size and forecast, by application
8.4.6.1.4.Market size and forecast, by end user

8.4.6.2.Japan

8.4.6.2.1.Market size and forecast, by product type
8.4.6.2.2.Market size and forecast, by installation type
8.4.6.2.3.Market size and forecast, by application
8.4.6.2.4.Market size and forecast, by end user

8.4.6.3.India

8.4.6.3.1.Market size and forecast, by product type
8.4.6.3.2.Market size and forecast, by installation type
8.4.6.3.3.Market size and forecast, by application
8.4.6.3.4.Market size and forecast, by end user

8.4.6.4.South Korea

8.4.6.4.1.Market size and forecast, by product type
8.4.6.4.2.Market size and forecast, by installation type
8.4.6.4.3.Market size and forecast, by application
8.4.6.4.4.Market size and forecast, by end user

8.4.6.5.Rest of Asia-Pacific

8.4.6.5.1.Market size and forecast, by product type
8.4.6.5.2.Market size and forecast, by installation type
8.4.6.5.3.Market size and forecast, by application
8.4.6.5.4.Market size and forecast, by end user

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by product type
8.5.3.Market size and forecast, by installation type
8.5.4.Market size and forecast, by application
8.5.5.Market size and forecast, by end user
8.5.6.Market analysis, by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by product type
8.5.6.1.2.Market size and forecast, by installation type
8.5.6.1.3.Market size and forecast, by application
8.5.6.1.4.Market size and forecast, by end user

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by product type
8.5.6.2.2.Market size and forecast, by installation type
8.5.6.2.3.Market size and forecast, by application
8.5.6.2.4.Market size and forecast, by end user

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by product type
8.5.6.3.2.Market size and forecast, by installation type
8.5.6.3.3.Market size and forecast, by application
8.5.6.3.4.Market size and forecast, by end user

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.Introduction

9.1.1.Market player positioning, 2019

9.2.Top winning strategies

CHAPTER 10:COMPETITIVE DASHBOARD

10.1.Competitive heatmap

CHAPTER 11:COMPANY PROFILES

11.1.Acuity Brands, Inc.

11.1.1.Company overview
11.1.2.Key executives
11.1.3.Company snapshot
11.1.4.Operating business segments
11.1.5.Product portfolio
11.1.6.R&D expenditure
11.1.7.Business performance
11.1.8.Key strategic moves and developments

11.2.Glamox AS

11.2.1.Company overview
11.2.2.Key executives
11.2.3.Company snapshot
11.2.4.Operating business segments
11.2.5.Product portfolio
11.2.6.R&D expenditure
11.2.7.Business performance
11.2.8.Key strategic moves and developments

11.3.Hubbell Incorporated

11.3.1.Company overview
11.3.2.Key executives
11.3.3.Company snapshot
11.3.4.Operating business segments
11.3.5.Product portfolio
11.3.6.Business performance
11.3.7.Key strategic moves and developments

11.4.Ideal Industries, Inc.

11.4.1.Company overview
11.4.2.Key executives
11.4.3.Company snapshot
11.4.4.Operating business segments
11.4.5.Product portfolio
11.4.6.Key strategic moves and developments

11.5.Lutron Electronics Co., Inc.

11.5.1.Company overview
11.5.2.Key executives
11.5.3.Company snapshot
11.5.4.Operating business segments
11.5.5.Product portfolio
11.5.6.Key strategic moves and developments

11.6.OSRAM GmbH

11.6.1.Company overview
11.6.2.Key executives
11.6.3.Company snapshot
11.6.4.Operating business segments
11.6.5.Product portfolio
11.6.6.R&D expenditure
11.6.7.Business performance
11.6.8.Key strategic moves and developments

11.7.Samsung Electronics Co. Ltd.

11.7.1.Company overview
11.7.2.Key executives
11.7.3.Company snapshot.
11.7.4.Operating business segments
11.7.5.Product portfolio
11.7.6.R&D expenditure
11.7.7.Business performance

11.8.Savant Systems, Inc.

11.8.1.Company overview
11.8.2.Key executives
11.8.3.Company snapshot
11.8.4.Operating business segments
11.8.5.Product portfolio
11.8.6.Key strategic moves and developments

11.9.Signify Holding

11.9.1.Company overview
11.9.2.Key executives
11.9.3.Company snapshot
11.9.4.Operating business segments
11.9.5.Product portfolio
11.9.6.R&D expenditure
11.9.7.Business performance
11.9.8.Key strategic moves and developments

11.10.Zumtobel Lighting GmbH

11.10.1.Company overview
11.10.2.Key executives
11.10.3.Company snapshot
11.10.4.Operating business segments
11.10.5.Product portfolio
11.10.6.R&D expenditure
11.10.7.Business performance

LIST OF TABLES

TABLE 01.GLOBAL LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 02.LED LIGHT ENGINE MARKET FOR LAMP, BY REGION, 2020-2030 ($MILLION)
TABLE 03.LED LIGHT ENGINE MARKET FOR LUMINAIRE, BY REGION, 2020-2030 ($MILLION)
TABLE 04.GLOBAL LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020-2030 ($MILLION)
TABLE 05.LED LIGHT ENGINE MARKET FOR NEW INSTALLATION, BY REGION, 2020-2030 ($MILLION)
TABLE 06.LED LIGHT ENGINE MARKET FOR RETROFIT INSTALLATION, BY REGION, 2020-2030 ($MILLION)
TABLE 07.GLOBAL LED LIGHT ENGINE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 08.LED LIGHT ENGINE MARKET FOR INDOOR, BY REGION, 2020-2030 ($MILLION)
TABLE 09.LED LIGHT ENGINE MARKET FOR OUTDOOR, BY REGION, 2020-2030 ($MILLION)
TABLE 10.GLOBAL LED LIGHT ENGINE MARKET, BY END USER, 2020-2030 ($MILLION)
TABLE 11.LED LIGHT ENGINE MARKET FOR RESIDENTIAL, BY REGION, 2020-2030 ($MILLION)
TABLE 12.LED LIGHT ENGINE MARKET FOR COMMERCIAL, BY REGION, 2020-2030 ($MILLION)
TABLE 13.LED LIGHT ENGINE MARKET FOR INDUSTRIAL, BY REGION, 2020-2030 ($MILLION)
TABLE 14.LED LIGHT ENGINE MARKET REVENUE, BY REGION, 2020–2030 ($MILLION)
TABLE 15.NORTH AMERICA LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 16.NORTH AMERICA LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 17.NORTH AMERICA LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 18.NORTH AMERICA LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 19.U.S. LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 20.U.S. LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 21.U.S. LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 22.U.S. LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 23.CANADA LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 24.CANADA LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 25.CANADA LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 26.CANADA LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 27.MEXICO LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 28.MEXICO LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 29.MEXICO LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 30.MEXICO LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 31.EUROPE LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 32.EUROPE LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 33.EUROPE LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 34.EUROPE LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 35.UK LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 36.UK LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 37.UK LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 38.UK LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 39.GERMANY LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 40.GERMANY LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 41.GERMANY LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 42.GERMANY LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 43.FRANCE LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 44.FRANCE LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 45.FRANCE LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 46.FRANCE LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 47.ITALY LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 48.ITALY LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 49.ITALY LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 50.ITALY LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 51.REST OF EUROPE LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 52.REST OF EUROPE LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 53.REST OF EUROPE LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 54.REST OF EUROPE LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 55.ASIA-PACIFIC LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 56.ASIA-PACIFIC LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 57.ASIA-PACIFIC LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 58.ASIA-PACIFIC LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 59.CHINA LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 60.CHINA LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 61.CHINA LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 62.CHINA LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 63.JAPAN LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 64.JAPAN LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 65.JAPAN LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 66.JAPAN LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 67.INDIA LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 68.INDIA LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 69.INDIA LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 70.INDIA LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 71.SOUTH KOREA LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 72.SOUTH KOREA LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 73.SOUTH KOREA LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 74.SOUTH KOREA LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 75.REST OF ASIA-PACIFIC LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 76.REST OF ASIA-PACIFIC LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 77.REST OF ASIA-PACIFIC LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 78.REST OF ASIA-PACIFIC LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 79.LAMEA LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 80.LAMEA LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 81.LAMEA LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 82.LAMEA LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 83.LATIN AMERICA LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 84.LATIN AMERICA LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 85.LATIN AMERICA LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 86.LATIN AMERICA LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 87.MIDDLE EAST LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 88.MIDDLE EAST LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 89.MIDDLE EAST LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 90.MIDDLE EAST LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 91.AFRICA LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 92.AFRICA LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 93.AFRICA LED LIGHT ENGINE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 94.AFRICA LED LIGHT ENGINE MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 95.ACUITY BRANDS, INC.:KEY EXECUTIVES
TABLE 96.ACUITY BRANDS, INC.: COMPANY SNAPSHOT
TABLE 97.ACUITY BRANDS, INC.: OPERATING SEGMENTS
TABLE 98.ACUITY BRANDS, INC.: PRODUCT PORTFOLIO
TABLE 99.ACUITY BRANDS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100.GLAMOX AS:KEY EXECUTIVES
TABLE 101.GLAMOX AS: COMPANY SNAPSHOT
TABLE 102.GLAMOX AS: OPERATING SEGMENTS
TABLE 103.GLAMOX AS: PRODUCT PORTFOLIO
TABLE 104.GLAMOX AS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 105.HUBBELL INCORPORATED:KEY EXECUTIVES
TABLE 106.HUBBELL INCORPORATED: COMPANY SNAPSHOT
TABLE 107.HUBBELL INCORPORATED: OPERATING SEGMENTS
TABLE 108.HUBBELL INCORPORATED: PRODUCT PORTFOLIO
TABLE 109.HUBBELL INCORPORATED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 110.IDEAL INDUSTRIES, INC.:KEY EXECUTIVES
TABLE 111.IDEAL INDUSTRIES, INC.: COMPANY SNAPSHOT
TABLE 112.IDEAL INDUSTRIES, INC.: OPERATING SEGMENTS
TABLE 113.IDEAL INDUSTRIES, INC.: PRODUCT PORTFOLIO
TABLE 114.IDEAL INDUSTRIES, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 115.LUTRON ELECTRONICS CO., INC.:KEY EXECUTIVES
TABLE 116.LUTRON ELECTRONICS CO., INC.: COMPANY SNAPSHOT
TABLE 117.LUTRON ELECTRONICS CO., INC.: OPERATING SEGMENTS
TABLE 118.LUTRON ELECTRONICS CO., INC.: PRODUCT PORTFOLIO
TABLE 119.LUTRON ELECTRONICS CO., INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 120.OSRAM GMBH:KEY EXECUTIVES
TABLE 121.OSRAM GMBH: COMPANY SNAPSHOT
TABLE 122.OSRAM GMBH: OPERATING SEGMENTS
TABLE 123.OSRAM GMBH: PRODUCT PORTFOLIO
TABLE 124.OSRAM GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 125.SAMSUNG:KEY EXECUTIVES
TABLE 126.SAMSUNG: COMPANY SNAPSHOT
TABLE 127.SAMSUNG: OPERATING SEGMENTS
TABLE 128.SAMSUNG: PRODUCT PORTFOLIO
TABLE 129.SAVANT SYSTEMS, INC.:KEY EXECUTIVES
TABLE 130.SAVANT SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 131.SAVANT SYSTEMS, INC.: OPERATING SEGMENTS
TABLE 132.SAVANT SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 133.SAVANT SYSTEMS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 134.SIGNIFY HOLDING:KEY EXECUTIVES
TABLE 135.SIGNIFY HOLDING: COMPANY SNAPSHOT
TABLE 136.SIGNIFY HOLDING: OPERATING SEGMENTS
TABLE 137.SIGNIFY HOLDING: PRODUCT PORTFOLIO
TABLE 138.SIGNIFY HOLDING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 139.ZUMTOBEL LIGHTING GMBH:KEY EXECUTIVES
TABLE 140.ZUMTOBEL LIGHTING GMBH: COMPANY SNAPSHOT
TABLE 141.ZUMTOBEL LIGHTING GMBH: OPERATING SEGMENTS
TABLE 142.ZUMTOBEL LIGHTING GMBH: PRODUCT PORTFOLIO

 LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.GLOBAL LED LIGHT ENGINE MARKET SNAPSHOT, BY SEGMENTATION
FIGURE 03.LED LIGHT ENGINE MARKET SNAPSHOT, BY REGION
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06.HIGH THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 08.MODERATE INTENSITY OF RIVALRY
FIGURE 09.HIGH BARGAINING POWER OF BUYERS
FIGURE 10.GLOBAL LED LIGHT ENGINE MARKET, BY PRODUCT TYPE, 2020-2030
FIGURE 11.COMPARATIVE SHARE ANALYSIS OF LED LIGHT ENGINE MARKET FOR LAMP, BY COUNTRY,  2020 & 2030(%)
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF LED LIGHT ENGINE MARKET FOR LUMINAIRE, BY COUNTRY,  2020 & 2030(%)
FIGURE 13.GLOBAL LED LIGHT ENGINE MARKET, BY INSTALLATION TYPE, 2020-2030
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF LED LIGHT ENGINE MARKET FOR NEW INSTALLATION, BY COUNTRY,  2020 & 2030(%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF LED LIGHT ENGINE MARKET FOR RETROFIT INSTALLATION, BY COUNTRY,  2020 & 2030(%)
FIGURE 16.GLOBAL LED LIGHT ENGINE MARKET, BY APPLICATION, 2020-2030
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF LED LIGHT ENGINE MARKET FOR INDOOR, BY COUNTRY,  2020 & 2030(%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF LED LIGHT ENGINE MARKET FOR OUTDOOR, BY COUNTRY,  2020 & 2030(%)
FIGURE 19.GLOBAL LED LIGHT ENGINE MARKET, BY END USER, 2020-2030
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF LED LIGHT ENGINE MARKET FOR RESIDENTIAL, BY COUNTRY,  2020 & 2030(%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF LED LIGHT ENGINE MARKET FOR COMMERCIAL, BY COUNTRY,  2020 & 2030(%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF LED LIGHT ENGINE MARKET FOR INDUSTRIAL, BY COUNTRY,  2020 & 2030(%)
FIGURE 23.LED LIGHT ENGINE MARKET, BY REGION, 2020-2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA LED LIGHT ENGINE MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 25.U.S. LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 26.CANADA LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 27.MEXICO LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF EUROPE LED LIGHT ENGINE MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 29.UK LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 30.GERMANY LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 31.FRANCE LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 32.ITALY LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 33.REST OF EUROPE LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 34.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC LED LIGHT ENGINE MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 35.CHINA LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 36.JAPAN LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 37.INDIA LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 38.SOUTH KOREA LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 39.REST OF ASIA-PACIFIC LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 40.COMPARATIVE SHARE ANALYSIS OF LAMEA LED LIGHT ENGINE MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 41.LATIN AMERICA LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 42.MIDDLE EAST LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 43.AFRICA LED LIGHT ENGINE MARKET, 2020–2030 ($MILLION)
FIGURE 44.MARKET PLAYER POSITIONING, 2019
FIGURE 45.TOP WINNING STRATEGIES, BY YEAR, 2017-2020*
FIGURE 46.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020*
FIGURE 47.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020*
FIGURE 48.COMPETITIVE DASHBOARD
FIGURE 49.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 50.ACUITY BRANDS, INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 51.ACUITY BRANDS, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 52.ACUITY BRANDS, INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 53.GLAMOX AS: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 54.GLAMOX AS: REVENUE, 2018–2020 ($MILLION)
FIGURE 55.GLAMOX AS: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 56.GLAMOX AS: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 57.HUBBELL INCORPORATED: REVENUE, 2018–2020 ($MILLION)
FIGURE 58.HUBBELL INCORPORATED: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 59.HUBBELL INCORPORATED: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 60.OSRAM GMBH: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 61.OSRAM GMBH: REVENUE, 2018–2020 ($MILLION)
FIGURE 62.OSRAM GMBH: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 63.OSRAM GMBH: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 64.SAMSUNG: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 65.SAMSUNG: NET SALES, 2018–2020 ($MILLION)
FIGURE 66.SAMSUNG: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 67.SAMSUNG: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 68.SIGNIFY HOLDING: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 69.SIGNIFY HOLDING: REVENUE, 2018–2020 ($MILLION)
FIGURE 70.SIGNIFY HOLDING: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 71.SIGNIFY HOLDING: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 72.ZUMTOBEL LIGHTING GMBH: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 73.ZUMTOBEL LIGHTING GMBH: REVENUE, 2018–2020 ($MILLION)
FIGURE 74.ZUMTOBEL LIGHTING GMBH: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 75.ZUMTOBEL LIGHTING GMBH: REVENUE SHARE, BY REGION, 2020 (%)

 
 

The LED light engine market is going through enormous transformation and growth. Rapid urbanization coupled with infrastructural development fuels the demand for LED light engines.

In addition, the factors such as reduction in LED prices and emergence of initiatives governing bodies toward the adoption of the energy-efficient lighting system significantly drives the growth of the market. In addition, huge growth of LED technology over conventional lighting technology as well as rise in penetration of LEDs as light sources in general lighting is projected to drive the growth of the market during the forecast period.

However, the lack of awareness among consumers about the installation cost is anticipated to restrain the market growth. On the contrary, the integration of wireless technology in LED lighting systems and emergence of innovative LED light engine products are anticipated to create lucrative growth opportunities for the market during the forecast period.

The LED light engine market is competitive and comprises a number of regional and global vendors competing based on factors such as cost of products & services, reliability, efficiency of the product, and support services. Owing to the competition, vendors operating in the market are offering advanced LED light engine solutions to improve the marketing strategies of the enterprises.

For instance, in February 2017, Adura, one of the leading light-engine manufacturers launched two new modular LED light engines that are specifically targeted toward horticultural solid-state lighting (SSL) applications. In addition, key players are heavily investing in R&D activities to develop effective LED light engine technology and services offerings, which is opportunistic for the market.

 

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A. The LED Light Engine Market is estimated to grow at a CAGR of 13.3% from 2021 to 2030.

A. The LED Light Engine Market is projected to reach $91.27 billion by 2030.

A. To get the latest version of sample report

A. Rapid urbanization coupled with infrastructural development; reduction in LED prices; and emergence of initiatives by governing bodies etc. boost the LED Light Engine market growth.

A. The key players profiled in the report include Acuity Brands Inc., General Electric Company, Glamox Limited, Hubbell Incorporated, Ideal Industries Inc., and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The LED Light Engine Market is segmented on the basis of product type, installation type, application, end user, and region.

A. The key growth strategies of LED Light Engine market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Lamp segment would grow at a highest CAGR of 14.9% during the forecast period.

A. Commercial segment will dominate the market by the end of 2030.

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