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LED Light Engine Market by Product Type (Lamps and Luminaires), Installation Type (New Installation and Retrofit Installation), End-Use Application (Indoor Lighting and Outdoor Lighting), and Geography - Forecast to 2024

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Date: 04-Jun-2019
No. of pages: 141
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“LED light engine market to grow at steadyrate from 2019 to 2024”

The LED light engine market is expected to be valued at USD 30.0 billion in 2019 and is anticipated to reach USD 59.5 billion by 2024 growing at a CAGR of 14.7% from 2019 to 2024. Rising demand for energy-saving lighting systems; development and modernization of infrastructure, for example, smart cities; availability of low price LEDs; entrance of LEDs as light sources in general lighting; and accelerating growth of LED technology over conventional lighting technology are key factors influencing the market growth of LED light engines.

“Luminaires to record highest CAGR in LED light engine market during forecast period”

The LED light engine market for luminaires is expected to grow at the highest CAGR as luminaires hold the major marketshare in the LED lighting system. Increasing consumer awareness about conserving energy and installing lighting systems with high energy efficiency is expected to boost the LED lighting market for luminaires, which in turn is expected to drive the market for LED light engines during the forecast period.

“LED light engine market for new installations to lead market during forecast period”

New installation refers to the installation of completely new LED lighting systems containing the new generation LED lamps and luminaires with built-in light engines. Unlike retrofit installation, which partially replaces the lighting systems, new installation completely replaces a traditional lighting system after fully phasing out the lamps, their assorted controls, and fixtures, with the LED lamps and their associated controls and fixtures. The growing market for infrastructure buildings (of which residential holds major chunk) across the globe is demanding effective lighting solutions, which in turn is driving the market for LED light engines for new installations.

“Outdoor lighting to be the highest growing end-use application in LED light engine market”

The end-use applications considered under the outdoor lighting applications include lighting for railway stations, airports, highways& roadways, bridges and tunnels, architectural lighting, lighting in public places, such as stadiums and parks, and other lighting applications, including harbors. The high growth rate of outdoor lighting applications is attributed to increasing infrastructural activities across the globe. Other factors, such as low maintenance costs and low power consumption make LED lighting a good choice for outdoor lighting.

“APAC to dominate LED light engine market during forecast period”

The market in APAC is expected to grow at the highest CAGR during the forecast period. The combination of multiple factors makes APAC the most dynamic region in the LED light engine market. The reason for APAC to be the leading market is: it is home to some of the top players in the LED light engine market, such as Sharp Corporation (Japan) and Samsung (South Korea). Besides this, APAC has a very large population with a standard of living that is improving every day, and there is an increasing growth of smart homes. The countries of the APAC region are also introducing legislations for energy efficiency and LED lighting.

Breakdown of Profiles of Primary Participants:

In the process of determining and verifying the market size for several segments and sub segments of the LED lighting gathered through the secondary research, extensive primary interviews have been conducted with key experts. The breakup of the profiles of primary participants is shown below.


  • By Company Type: Tier 1 – 20%, Tier 2 – 45%, and Tier 3 – 35%

  • By Designation: C-Level Executives– 35%, Directors– 25%, and Others – 40%

  • By Region: North America – 20%, Europe – 45%, APAC – 20%, and RoW – 15%


The major players profiled in this report are as follows:


  • Signify Lighting NV (Netherlands)

  • OSRAM Licht AG (Germany)

  • GE lighting (US)

  • Cree, Inc. (US)

  • Hubbell Inc. (US)

  • Zumtobel Group AG (Austria)

  • Wipro Enterprises (P) Ltd. (India)

  • Samsung Electronics (South Korea)

  • LG Innotek (South Korea)

  • Legrand SA (France)

  • Glamox AS (Norway)

  • Lutron Electronics Co., Inc. (US)


Research Coverage

The product type segment of the report covers the market size for lamps and luminaires of an LED light engine. The installation type segment covers the different types of installations, namely, new installation and retrofit installation. The end-use application segment covers indoor lighting and outdoor lighting. The report also covers market dynamics such as drivers, restraints, opportunities, and challenges for the LED light engine market.

Reasons to buy the report

The report would help the key players/new entrants in this market in the following ways.


  • This report segments the LED light engine market comprehensively and provides the closest approximations of the overall market size and that of the sub segments across different verticals and geography.

  • The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities.

  • This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes competitor ecosystem, product launches and developments, partnerships, and mergers and acquisitions carried out in the market.

LED Light Engine Market by Product Type (Lamps and Luminaires), Installation Type (New Installation and Retrofit Installation), End-Use Application (Indoor Lighting and Outdoor Lighting), and Geography - Forecast to 2024

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Market Segmentation, By Region
1.3.3 Years Considered
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.3 Secondary Research and Primary Research
2.1.3.1 Key Industry Insights
2.1.4 Market Size Estimation
2.1.5 Bottom-Up Approach
2.1.5.1 Approach to Capture Market Size of Applications By Bottom-Up Analysis (Demand Side)
2.1.6 Top-Down Approach
2.1.6.1 Approach to Capture Market Size of Applications By Top-Down Analysis (Supply Side)
2.2 Market Breakdown and Data Triangulation
2.3 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in LED Light Engine Market
4.2 LED Light Engine Market, By Product Type
4.3 LED Light Engine Market, By Installation Type
4.4 LED Light Engine Market, By End-Use Application
4.5 LED Light Engine Market, By Product Type and Region
4.6 LED Light Engine Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Modernization and Development of Infrastructure
5.3.1.2 Need for Energy-Efficient Lighting Systems
5.3.1.3 Reduction in LED Price
5.3.1.4 Government Initiatives and Regulations to Adopt Energy-Efficient LEDs
5.3.2 Restraints
5.3.2.1 Lack of Awareness Regarding Installation Cost
5.3.2.2 Development of Alternate Technologies
5.3.3 Opportunities
5.3.3.1 Development of Wireless Technology in LED Lighting Systems
5.3.3.2 Growing Demand From Horticulture Market
5.3.4 Challenges
5.3.4.1 Lack of Common Open Standards

6 LED Light Engine Market, By Product Type
6.1 Introduction
6.2 Lamp
6.2.1 LED Light Engine Market for Lamp to Showcase Steady Growth Rate During the Forecast Period
6.3 Luminaire
6.3.1 LED Light Engine Market for Luminaire to Hold Largest Share and Grow at Highest Rate During the Forecast Period

7 LED Light Engine Market, By Installation Type
7.1 Introduction
7.2 New Installation
7.2.1 New Installation Type to Hold Larger Share in the Market
7.3 Retrofit Installation
7.3.1 Retrofit Installation Market to Grow With Highest CAGR During the Forecast Period

8 LED Light Engine Market, By End-Use Application
8.1 Introduction
8.2 Indoor Lighting
8.2.1 Residential
8.2.1.1 Residential Subsegment to Hold Largest Market Share in the Indoor Lighting Market During Forecast
8.2.2 Commercial
8.2.2.1 Commercial Subsegment to Contribute Among Major Share in the Overall Indoor Lighting Market During the Forecast Period
8.2.3 Industrial
8.2.3.1 Industrial Subsegment to Grow With Highest CAGR in the Indoor Lighting Marke
8.2.4 Others
8.2.4.1 Other (Indoor) Subsegment to Showcase Considerable Growth in the Indoor Lighting Market
8.3 Outdoor Lighting
8.3.1 Highways & Roadways Lighting
8.3.1.1 Highway & Roadways Lighting to Hold Larger Share in the Outdoor Lighting Market
8.3.2 Architectural Lighting
8.3.2.1 Architectural Subsegment to Contribute Considerable Share in the Outdoor Lighting Market
8.3.3 Lighting for Public Places
8.3.3.1 Lighting for Public Places Subsegment to Grow With the Highest CAGR During the Forecast Period
8.3.4 Others
8.3.4.1 Others (Outdoor) Sub segment to Hold Potential for Growth in the Outdoor Lighting Market

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Building Codes Boosting Adoption of New Lighting Technologies
9.2.2 Canada
9.2.2.1 Growing Adoption of LED Lighting Systems
9.3 Europe
9.3.1 UK
9.3.1.1 Rising Demand for Energy-Efficient and Long-Lasting Lighting Systems Drive Market Growth in UK
9.3.2 Germany
9.3.2.1 Increasing Preference for Smart Homes Fuel LED Lighting Market Growth in Germany
9.3.3 France
9.3.3.1 Growing Requirement for Energy Conservation Propel Market Growth in France
9.3.4 Italy
9.3.4.1 Escalating Demand for LED Light Engine From Rebounding Construction Sector Boosts Italian Market Growth
9.3.5 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 Increasing Government Expenditure on Public Infrastructure to Boost LED Lighting Demand in China
9.4.2 Japan
9.4.2.1 Rising Focus on Energy Management Solutions Leads to Increased Adoption of LED Light Engines
9.4.3 Rest of APAC
9.5 RoW
9.5.1 Growing Focus on Real Estate and Urbanization Fuels LED Light Engine Market Growth in Middle East and Africa

10 Competitive Landscape
10.1 Introduction
10.2 Market Player Ranking Analysis
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Dynamic Differentiators
10.3.3 Innovators
10.3.4 Emerging Companies
10.4 Strength of Product Portfolio (25 Companies)
10.5 Business Strategy Excellence (25 Companies)

11 Company Profiles
11.1 Introduction
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
11.2 Key Players
11.2.1 Signify Lighting NV
11.2.2 OSRAM Licht Ag
11.2.3 GE Lighting (GE Lighting + Current)
11.2.4 Cree, Inc.
11.2.5 Hubbell Incorporated
11.2.6 Zumtobel Group Ag
11.2.7 Samsung Electronics
11.2.8 Wipro Enterprises (P) Limited
11.2.9 Glamox AS
11.2.10 Lutron Electronics
11.2.11 Acuity Brands, Inc.
11.3 Other Companies
11.3.1 Lumitech LLC
11.3.2 SDA Lighting
11.3.3 Trilux GmbH & Co. Kg
11.3.4 Helvar OY AB
11.3.5 LEDrabrands, Inc.
11.3.6 Ab Fagerhult
11.3.7 Gerard Lighting
11.3.8 Halla, A.S.

*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables

Table 1 LED Light Engine Market, By Product Type, 2016–2024 (USD Million)
Table 2 LED Light Engine Market, By Product Type, 2016–2024 (Million Units)
Table 3 LED Light Engine Market for Lamp, By Installation Type, 2016–2024 (USD Million)
Table 4 LED Light Engine Market for Lamp, By Installation Type, 2016–2024 (Million Units)
Table 5 LED Light Engine Market for Luminaire, By Installation Type, 2016–2024 (USD Million)
Table 6 LED Light Engine Market for Luminaire, By Installation Type, 2016–2024 (Million Units)
Table 7 LED Light Engine Market, By Installation Type, 2016–2024 (USD Million)
Table 8 LED Light Engine Market, By Installation Type, 2016–2024 (Million Units)
Table 9 LED Light Engine Market for New Installation, By Product Type, 2016–2024 (USD Million)
Table 10 LED Light Engine Market for New Installation, By Product Type, 2016–2024 (Million Units)
Table 11 Indoor LED Light Engine Market for New Installation, By Type, 2016–2024 (USD Million)
Table 12 Outdoor LED Light Engine Market for New Installation, By Type, 2016–2024 (USD Million)
Table 13 LED Light Engine Market for New Installation, By Region, 2016–2024 (USD Million)
Table 14 LED Light Engine Market for Retrofit Installation, By Product Type, 2016–2024 (USD Million)
Table 15 LED Light Engine Market for Retrofit Installation, By Product Type, 2016–2024 (Million Units)
Table 16 Indoor LED Light Engine Market for Retrofit Installation, By Type, 2016–2024 (USD Million)
Table 17 Outdoor LED Light Engine Market for Retrofit Installation, By Type, 2016–2024 (USD Million)
Table 18 LED Light Engine Market for Retrofit Installation, By Region, 2016–2024 (USD Million)
Table 19 LED Light Engine Market, By End-Use Application, 2016–2024 (USD Million)
Table 20 LED Light Engine Market, By End-Use Application, 2016–2024 (Million Units)
Table 21 LED Light Engine Market for Indoor Lighting, By Type, 2016–2024 (USD Million)
Table 22 LED Light Engine Market for Indoor Lighting, By Type, 2016–2024 (Million Units)
Table 23 LED Light Engine Market for Indoor Lighting, By Region, 2016–2024 (USD Million)
Table 24 LED Light Engine Market for Indoor Lighting, By Region, 2016–2024 (Million Units)
Table 25 Indoor LED Light Engine Market for Residential Application, By Region, 2016–2024 (USD Million)
Table 26 Indoor LED Light Engine Market for Commercial Application, By Region, 2016–2024 (USD Million)
Table 27 Indoor LED Light Engine Market for Industrial Application, By Region, 2016–2024 (USD Million)
Table 28 Indoor LED Light Engine Market for Other Applications, By Region, 2016–2024 (USD Million)
Table 29 LED Light Engine Market for Indoor Lighting, By Installation Type, 2016–2024 (USD Million)
Table 30 Indoor LED Light Engine Market for Residential Application, By Installation Type (2016–2024) (USD Million)
Table 31 Indoor LED Light Engine Market for Commercial Application, By Installation Type, 2016–2024 (USD Million)
Table 32 Indoor LED Light Engine Market for Industrial Application, By Installation Type, 2016–2024 (USD Million)
Table 33 Indoor LED Light Engine Market for Other Applications, By Installation Type, 2016–2024 (USD Million)
Table 34 LED Light Engine Market for Outdoor Lighting, By Type, 2016–2024 (USD Million)
Table 35 LED Light Engine Market for Outdoor Lighting, By Type, 2016–2024 (Million Units)
Table 36 LED Light Engine Market for Outdoor Lighting, By Region, 2016–2024 (USD Million)
Table 37 LED Light Engine Market for Outdoor Lighting, By Region, 2016–2024 (Million Units)
Table 38 Outdoor LED Light Engine Market for Highways and Roadways, By Region, 2016–2024 (USD Million)
Table 39 Outdoor LED Light Engine Market for Architectural Application, By Region, 2016–2024 (USD Million)
Table 40 Outdoor LED Light Engine Market for Public Places, By Region, 2016–2024 (USD Million)
Table 41 Outdoor LED Light Engine Market for Other Applications, By Region, 2016–2024 (USD Million)
Table 42 LED Light Engine Market for Outdoor Lighting, By Installation Type, 2016–2024 (USD Million)
Table 43 Outdoor LED Light Engine Market for Highways and Roadways, By Installation Type,2016–2024 (USD Million)
Table 44 Outdoor LED Light Engine Market for Architectural Application, By Installation Type, 2016–2024 (USD Million)
Table 45 Outdoor LED Light Engine Market for Public Places, By Installation Type,2016–2024 (USD Million)
Table 46 Outdoor LED Light Engine Market for Other Applications, By Installation Type, 2016–2024 (USD Million)
Table 47 LED Light Engine Market, By Region, 2016–2024 (USD Million)
Table 48 LED Light Engine Market, By Region, 2016–2024 (Million Units)
Table 49 LED Light Engine Market in North America, By End-Use Application, 2016–2024 (USD Million)
Table 50 Indoor LED Light Engine Market in North America, By Type, 2016–2024 (USD Million)
Table 51 Outdoor LED Light Engine Market in North America, By Type, 2016–2024 (USD Million)
Table 52 LED Light Engine Market in North America, By Installation Type, 2016–2024 (USD Million)
Table 53 LED Light Engine Market in North America, By Country, 2016–2024 (USD Million)
Table 54 LED Light Engine Market in Europe, By End-Use Application, 2016–2024 (USD Million)
Table 55 Indoor LED Light Engine Market in Europe, By Type, 2016–2024 (USD Million)
Table 56 Outdoor LED Light Engine Market in Europe, By Type, 2016–2024 (USD Million)
Table 57 LED Light Engine Market in Europe, By Installation Type, 2016–2024 (USD Million)
Table 58 LED Light Engine Market in Europe, By Country, 2016–2024 (USD Million)
Table 59 LED Light Engine Market in APAC, By End-Use Application, 2016–2024 (USD Million)
Table 60 Indoor LED Light Engine Market in APAC, By Type, 2016–2024 (USD Million)
Table 61 Outdoor LED Light Engine Market in APAC, By Type, 2016–2024 (USD Million)
Table 62 LED Light Engine Market in APAC, By Installation Type, 2016–2024 (USD Million)
Table 63 LED Light Engine Market in APAC, By Country, 2016–2024 (USD Million)
Table 64 LED Light Engine Market in RoW, By End-Use Application, 2016–2024 (USD Million)
Table 65 Indoor LED Light Engine Market in RoW, By Type, 2016–2024 (USD Million)
Table 66 Outdoor LED Light Engine Market in RoW, By Type, 2016–2024 (USD Million)
Table 67 LED Light Engine Market in RoW, By Installation Type, 2016–2024 (USD Million)
Table 68 LED Light Engine Market in RoW, By Region, 2016–2024 (USD Million)

List of Figures

Figure 1 Market Segmentation
Figure 2 LED Light Engine Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 LED Light Engine Market in Terms of Value and Volume, 2019–2024
Figure 7 Indoor Lighting Application Expected to Hold Larger Size of LED Light Engine Market By 2024
Figure 8 New Installation Expected to Hold Larger Size of LED Light Engine Market During Forecast Period
Figure 9 LED Light Engine Market for Luminaires Expected to Hold Larger Market Size By 2024
Figure 10 APAC Accounted for Largest Share of LED Light Engine Market in 2018
Figure 11 Rising Need for Energy-Efficient LED Lighting Systems Provide Lucrative Opportunity to LED Light Engine Market
Figure 12 LED Light Engine Market for Luminaire to Witness Larger Market Size During 2019–2024
Figure 13 New Installation to Hold Larger Market Size During Forecast Period
Figure 14 Outdoor Lighting Expected to Exhibit Higher CAGR in LED Light Engine Market During Forecast Period
Figure 15 APAC to Hold Largest Share of LED Light Engine Market By 2019
Figure 16 APAC to Hold Largest Market Share of LED Light Engine Market During Forecast Period
Figure 17 Evolution of Light and LED Lighting
Figure 18 LED Light Engine Market: DROC
Figure 19 US Annual Energy Consumption in Commercial Buildings, 2018
Figure 20 Reduction in LED Price
Figure 21 LED Light Engine Market, By Product Type
Figure 22 LED Light Engine Market, By Installation Type
Figure 23 LED Light Engine Market, By End-Use Application
Figure 24 APAC to Lead the Market for LED Light Engine During Forecast Period
Figure 25 North America: LED Light Engine Market Snapshot
Figure 26 Europe: LED Light Engine Market Snapshot
Figure 27 APAC: LED Light Engine Market Snapshot
Figure 28 Companies Adopted Product Launches/Developments as Key Growth Strategies During 2016–2018
Figure 29 Signify Lighting NV (Netherlands) Dominated LED Light Engine Market in 2018
Figure 30 LED Light Engine Market (Global) Competitive Leadership Mapping, 2018
Figure 31 Signify Lighting NV: Company Snapshot
Figure 32 OSRAM Licht AG: Company Snapshot
Figure 33 GE Lighting (GE + Current): Company Snapshot
Figure 34 Cree, Inc.: Company Snapshot
Figure 35 Hubbell Incorporated: Company Snapshot
Figure 36 Zumtobel Group AG: Company Snapshot
Figure 37 Samsung Electronics: Company Snapshot
Figure 38 Wipro Enterprises (P) Limited: Company Snapshot
Figure 39 Glamox AS: Company Snapshot
Figure 40 Acuity Brands, Inc.: Company Snapshot

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