Energy and cost savings are still perceived as one of the top benefits of light-emitting diode (LED) lighting, and they will continue to influence decision-making in lighting procurement. In major countries, households' rising disposable income will result in the renovation and modification of lighting systems to keep up with LED lighting innovation. In addition, the focus on comfort and convenience for occupants inside buildings increased after the onset of the COVID-19 pandemic. Human-centric lighting, daylight harvesting, and tunable lighting solutions will be the key growth areas in LED lighting development.

This Frost & Sullivan research service breaks down the LED lighting market into 5 major regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. Major countries in each region are analyzed, including the United States, Canada, the United Kingdom, France, Germany, China, India, Japan, Argentina, Mexico, and Brazil. In each country and region, the analysis includes a revenue forecast by application. In this study, LED lighting applications include architectural, automotive, hospitality, healthcare, industrial, office, outdoor, residential, and retail. A forecast from 2022 to 2026 is provided for each country.

Author: Dennis Marcell Victor