TrendForce Jibang Consulting: The global LED general lighting market is expected to reach US$60.942 billion by 2030
The Zhitong Finance App learned that according to the “2026 Global LED Lighting Market Trends - Data Database and Supplier Strategy - 2H26” report recently released by TrendForce Jibang Consulting, due to slow macroeconomic recovery, geographical factors and conservative corporate capital expenditure, global LED lighting market demand is still in the adjustment stage in the short term, and the growth momentum of the three major markets in Europe, America, and China is limited. However, driven by global energy efficiency regulations, energy saving transformation, and net zero emission (ESG) goals, lighting manufacturers are speeding up the elimination of traditional price competition and actively developing into high-value-added fields such as intelligent lighting and special professional scenarios, and driving the industry from “quantitative expansion” to “product structure and application value upgrading.” The agency estimates that the global LED general lighting market is expected to reach US$60.942 billion by 2030, with a CAGR of 2.6% from 2025 to 2030.
The long-term upgrade momentum of LED general lighting has not abated, and emerging markets are showing growth vitality
In the short term, the three major markets in Europe, America, and China are still affected by weak commercial real estate and sluggish capital expenditure, and market recovery is limited; in contrast, Japan is benefiting from office space updates, industrial applications, and a complete ban on fluorescent lamps by the end of 2027, and LED replacement demand is expected to be released; emerging markets such as Southeast Asia and Latin America benefit from infrastructure expansion and manufacturing shifts, with high long-term potential.
As price competition slows down and demand for smart lighting and energy-saving transformation grows, the market is expected to regain steady growth. TrendForce estimates that the global LED general lighting market will be US$60.942 billion by 2030, and the compound growth rate will be 2.6% from 2025 to 2030.
Looking at the application market, outdoor sports lighting benefits from the construction and intelligent transformation of stadiums, increasing demand; commercial lighting is mainly growing in professional scenarios such as education, medical care, and retail centers, boosting demand for high color rendering and intelligent dimming systems; industrial lighting is driven by manufacturing expansion, logistics automation, and data center construction to maintain steady demand. Energy efficiency policies and ESG carbon reduction targets continue to advance in various countries, and demand for professional lighting is expected to maintain growth, and the overall performance is superior to that of general consumer lighting products.
Intelligent lighting is growing rapidly, leading the way in industrial applications
Intelligent lighting is becoming the core engine driving industrial value upgrading. Driven by the integration of the Internet of Things (IoT), smart buildings, carbon emission management, and the implementation of AI dimming technology, lighting products are accelerating the development of lighting products from light source devices to light, control, and data systematization solutions.
According to TrendForce analysis, the market competition logic has been extended from traditional specifications such as light efficiency to physiological rhythms, scene experience, energy management and system integration capabilities. Therefore, in the future, manufacturers with software and hardware integration capabilities, ecosystem collaboration capabilities, and scenario-based application understanding capabilities will gain an advantage in the next stage of smart lighting market competition.
TrendForce estimates that the global smart LED lighting market will reach US$21.387 billion by 2030, with a CAGR of 13.2% from 2025 to 2030. Among them, industrial intelligent lighting is driven by automation and the construction of AI computing power centers, and has become the fastest growing market in all major application fields.
High-quality upgrading of facility agriculture, demand for greenhouses is the core driving force
Based on food security and extreme climate challenges, plant lighting continues to be upgraded in the direction of high light efficiency, accurate spectrum and intelligent control. TrendForce estimates that the global plant lighting market is expected to reach US$1.827 billion in 2030, with a CAGR of 6.0% from 2025 to 2030. Among them, greenhouses (Greenhouses) are the largest application, accounting for more than 60% of the output value.
On the regional side, under pressure from energy costs, Europe and North America are still the core driving force for speeding up the replacement of high-pressure sodium lamps (HPS) with LEDs; Asia and the Middle East are dominated by the demand for building modern greenhouses. At the technical level, the combination of multi-channel dynamic dimming and UVC plant surface sterilization modules is gradually introducing high-end products to promote the upgrading of intelligent agricultural lighting solutions.
Leading brand manufacturers focus on the “specialty model”, and competition shifts to lighting systems and platform construction
Demand in the global lighting market is slowing down, putting pressure on the overall revenue growth of large lighting manufacturers, yet the performance of different manufacturers is clearly divided. According to TrendForce statistics, the total revenue of the top 20 global lighting manufacturers reached US$23.425 billion in 2025, and Signify (Signify), Acuity, Panasonic (Panasonic), LEDVANCE (Landvance), and Zumtobel (Aldeburg) remained in the top 5.
As the scale effect gradually failed, the “specialty model” focusing on high-barrier segments such as industrial explosion-proof, marine lighting, offshore energy lighting, national defense and military lighting, and emergency lighting showed stronger risk resistance and profitability.
Judging from competitive strategies, leading lighting manufacturers are gradually reducing their dependence on simple product sales, and increasing product value through AIoT ecosystem integration of intelligent control, lighting system integration, energy management, and professional application solutions. At the same time, some manufacturers are actively reducing production and supply chain complexity and comprehensively reshaping the life cycle value of products through platform-based product design, SKU integration and modular solutions, and actively entering the smart building, energy-saving transformation and high-end professional lighting markets to enhance systematic revenue and high added value projects.
Price competition in the lighting LED packaging market has converged, and high-value-added products drive structural upgrades
As LED light efficiency continues to improve and the degree of product standardization increases, the lighting LED packaging market still faces greater price competition pressure, and the profit space for packaging manufacturers is still being squeezed. In terms of product structure, medium power packages such as 2835 LEDs are still mainstream in general lighting, and are supported by demand for lamps and light bulb products; on the other hand, low-power packaging products are gradually being replaced by medium- and high-power solutions, and the market structure continues to be adjusted. Overall, the lighting LED packaging market is gradually shifting from low cost and a large number of standardized products to medium to high power, high light efficiency, and specific customized application packages.
After continuous price competition and capacity reshuffle, market supply and demand gradually improved, and the decline in the average selling price (ASP) of lighting LED packaging products has clearly subsided. TrendForce estimates that the global lighting LED packaging market will steadily rise to US$3.642 billion in 2030 as upstream material costs recover and the penetration of high-specification products increases.
In terms of product upgrades, the penetration rate of high-value products such as high light efficiency, high color rendering (CRI 90 or above), full spectrum, and adjustable color temperature continues to increase. Among them, the market output value of CRI 91 to 95 is expected to reach 6.8% in the 2025-2030 CAGR.