TrendForce provides in-depth insights into global LED lighting industry trends, covering market size, pricing, and regional distribution across general, smart, and horticultural lighting segments, along with analysis of developments in the LED packaging sector. The report tracks revenue and strategies of the top 20 manufacturers, examines the competitive positioning of leading players such as Signify, Acuity, Panasonic, LEDVANCE, and Opple, and outlines trends and price movements in seven major luminaire categories, supported by monthly updates and policy and regulation analysis.

Key Highlights

• U.S. reciprocal tariffs and economic uncertainties have dampened demand, with the general lighting market’s H1 recovery falling short of expectations.
• High energy costs and regulatory requirements have driven demand recovery in low-penetration segments such as outdoor, industrial, and emergency lighting.
• Sustainability, human-centric lighting, and circular lighting trends are expected to fuel market rebound in 2026, alongside broader adoption of low color temperature and high-efficacy products.
• Weak demand, oversupply, and competitive pressure from Chinese manufacturers are weighing on packaging prices and compressing margins.
• Consumer smart lighting is rebounding, boosting smart home lighting shipments, while smart city development is set to drive IoT-based outdoor lighting adoption.
• In horticultural lighting, U.S. demand is constrained by tariffs, but Europe’s uptake of high-efficiency products is expected to support market growth.
• In 2024, the world’s top 20 lighting companies generated USD 23.883 billion in revenue, down 5.3% YoY; Market concentration increased, with the top five unchanged and Fagerhult rising to 9th through acquisition.

Table of Contents

1. Lighting Player Revenue and Strategies
2. LED Lighting Market Dynamics Monthly Report

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