LED Tube Market Outlook (2022 to 2032)

[300 Pages Report] The LED tube market is estimated to reach a valuation of US$ 6,712.1 Million in 2022, registering growth at an impressive CAGR of 10.4% from 2022 to 2032. The share of the LED tube market in the tube light market is 21% to 26%. Further, sales in the LED tube market are projected to reach US$ 18,062.8 Million by 2032.

LEDs are increasing adoption in educational institutes, theaters, hospitals, metro and railways stations, government offices, airports, stadiums, multinational companies, lighting up historical buildings and monuments, malls, performances and events, and various others. This can be attributed to the benefits such as environment-friendly nature, flexibility & durability, long life span, and high energy efficiency.

In addition, the demand is anticipated to witness a boost owing to the rising focus on smart city projects across the globe. The smart cities project focuses on energy efficiency and conservation of the environment resulting in a better future. This help in increasing awareness about the latest technologies and designs, which in turn is anticipated to create potential opportunities for the market participants operating in this market.

Construction businesses are increasingly using efficient lighting solutions, such as LED tubes in their business, to enhance energy efficiency and minimize CO2 emissions. Governments throughout the globe are focusing on the implementation of specified lighting product standards and banning the use of incandescent lighting products, which is driving the LED light bar market.

On the back of these favorable government initiatives governing the construction of innovative infrastructure, structures, and installations in many nations, contractors are leveraging the use of led lights in their construction. This is significantly aiding the growth of the LED tubes market in the construction industry.

Regionally, South Asia and North America are expected to witness steady growth over the upcoming decade. The growing expansion of the residential sector and construction industry across India and the USA will drive the demand in the market. Light-emitting diode (LED) tube is one of the most energy-efficient lightings. Due to their cost-effectiveness, demand for these LED tube lights is expected to surge rapidly over the forecast period.

As these lights can work better with control systems than fluorescent lights, the adoption of LED tubes is expected to surge in metro cities, especially across emerging economies. LED tube lights are cost-effective, durable, and eco-friendly, hence, key companies are amplifying their production over the upcoming decade.

Attributes Key Insights
Estimated LED Tube Market Size 2022 US$ 6,712.1 Million
Projected Market Value (2032) US$ 18,062.8 Million
Value CAGR (2022 to 2032) 10.4%
Top Players Share in 2021 17% to 23%

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2017 to 2021 Global LED Tube Market Outlook Compared to 2022 to 2032 Forecast

Light-emitting diode (LED) tube lighting has evolved into the finest energy-efficient type of tube lighting. With superior energy conservation function and greater durability, led lights are dramatically changing fluorescent tube lights, often used in commercial and residential structures. LED tube lights, unlike fluorescent lights, function reliably with control systems.

Moreover, the improvement in the design of creative infrastructure in residential and public locations for decorating has created a greater market for LED tubes all over the world. The prevalence of these light tubes in theme-based restaurants, events and performances, and cafes are propelling the LED tube industry worldwide. On the back of these factors, the market is estimated to grow at a 10.40% CAGR during the forecast period.

LED Tube Market

LED Tubes have been in High Demand due to Government Initiatives for Smart Cities.

Many factors are driving the adoption of LED tubes in the USA, including the growing demand for energy-efficient lighting systems, the decline in LED prices, and strict government regulations. As a relatively recent source of illumination, LEDs have seen rapid technological and economic development in the country, attracting investments.

The  USA is one of the leading innovators, adopters, and investors in the global LED market. As LED tube lights become increasingly available in domestic products, the number is growing significantly. Local manufacturers, such as Acuity Brands, are key innovators both internationally and domestically.

Cree's new LED product, Cadiant, has brought new developments to the LED market. According to Cree, LED-based lamps in the United States no longer have a cost premium. In light of the inherent energy savings and long lifetime of LEDs, many consumers may continue using them over the forecast period, which is expected to increase the market growth significantly.

A growing trend in smart homes has led to an increased demand for LED tube systems that can be controlled remotely and are connected to other electronic devices. In addition to making connected lighting more accessible at the regional level, regional market vendors have also been bringing innovation globally.

A new generation of LED flat panels, L-Grid Edge Xtreme XL Select, with a selectable CCT and wattage option, has been launched by USA LED Ltd in July 2021. It is designed to deliver superior visual comfort to retail stores and offices while accelerating installation time.

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LED Tube Demand in Japan has been Spurred by the Shift toward Sustainable Products

As power shortages and outages continue to increase across Japan, LED tubes have become increasingly popular. The growing demand for energy-efficient light bulbs is a major driving force behind the Japan LED tube market.

Furthermore, the Japanese government has begun the phase-out of incandescent light bulbs, which has accelerated the demand for LED tubes. The government also aimed to phase out fluorescent light tubes in 2020 as they were considered inefficient. Combined with a gradual shift toward sustainable products, this has stimulated the demand for LED tubes in Japan, creating a positive outlook for LED products. The selling prices of LED in Japan have also declined significantly, another significant factor contributing to the growth of the industry.

Other factors contributing to the market growth include infrastructure development and smart city projects across Japan. Due to these factors, the market is expected to grow moderately during the forecast period.

European LED Tube Manufacturers are Benefitting from the Stringent Regulations Levied on the Import of Lighting Products

Incentives and rebates on LED tube lighting and the ban on less-efficient lighting sources are expected to drive the market significantly due to stringent government regulations. As well as regulating the safety and performance of indoor commercial lighting, the region also has several standards governing garage illumination, road illumination, and parking illumination.

As a result of the growth of the regional automotive and information technology industries, the European commercial & industrial sector is flourishing as well. Furthermore, increasing awareness about energy conservation is boosting the Europe LED tube market. As the need for commercial spaces is on the rise, the construction industry has also witnessed significant growth over the past few years from the commercial and industrial sectors.

Stringent regulations on the import of lighting products are benefiting European LED tube manufacturers. Due to rising trade tensions between the U.S. and China, European companies have benefited from the American market's demand for European LED tubes. There are several prominent players in the market, including Signify Holdings, Acuity Brands Lighting Inc., OSRAM GmbH, Eaton, and LEDVANCE GmbH. Increasing market share requires market leaders to expand their capabilities and venture into new areas like horticultural lighting and U.V. lighting.

LED tube light solutions based on Li-Fi and sensor technology are disrupting the industry with new entrants. LED light companies use mergers and acquisitions to expand their product portfolios, grow geographically, and gain market share.

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A Decline in LED Tube Light Prices and a Government Rebate is Increasing LED Tube Adoption in Korea

A rapid decline in LED tube prices in Korea demonstrates the increasing adoption of LED tubes in residential applications. Taking advantage of successive technological advances, LED tube production costs have been significantly reduced in Korea.

LED tube in Korea is expected to see promising growth with consistent growth in residential construction activities. In addition to the implementation of government regulations and incentives for using energy-efficient lights, the residential segment is expected to grow rapidly.

Due to their energy efficiency and long life, LED solutions are quickly replacing conventional light sources in major markets. In addition, increasing consumer awareness about the long-term cost benefits is motivating Korean customers to switch to LED tube lights instead of conventional lighting.

Country-wise Insights

How will Demand in India's LED Tube Market Burgeon?

Social and Economic Transformation in the Country to Boost the Sales of LED Tubes

As per FMI, India is considered to be one of the fastest-growing markets for LED tubes and is predicted to hold a significant share of the South Asia LED tubes market. The market in India is anticipated to rise at a CAGR of 22.8% during the forecast period.

Rapid economic and social developments in the country are contributing to increased urbanization. As a result, there is a growing need for energy-efficient tubes in India. Meanwhile, the number of nuclear families fuels the use of featured LED tubes, boosting India's LED tube market.

How is the LED Tube Market Growing in Russia?

Favorable Government Measures in Russia to Aid the Growth of the LED Tube Market

The Russian government has implemented significant initiatives to improve the energy efficiency of the lighting industry. This includes laws mandating a certain percentage of LED products in national or provincial construction projects.

Furthermore, the Russian government banned incandescent bulbs, hastening the adoption of LED light bars. Other factors driving the LED light bar business in the country include strong demand in the commercial sector, significant international athletic events, and big infrastructure projects.

What are the Factors Driving the Sales in China's LED Tube Market?

China LED Tube Market to Benefit from Rising Construction Activities in the Country

China is one of the most lucrative East Asia LED tube markets and is expected to account for mammoth's share in the market. The LED tube market in China is anticipated to rise due to rising development in industry and urbanization. Also, the transitioning preference of customers towards eco-friendlier products is fueling the demand in the country.

Furthermore, China's large population has increased government initiatives such as airports, motorways, and renewable energy projects. As diverse construction equipment, techniques, and vehicles are integrated with LED tubes, the rising projects will likely boost demand for LED tubes in the country.

Category-wise Insights

Which Product Type will Remain Highly Sought-After in the LED Tube Market?

LED T8 has High Demand and is Mostly Preferred in the LED Tube Market

Based on the product type, the LED T8 holds a considerable share in the overall sales of the LED tubes market. A T8 LED tube consumes only 17 watts and emits 2200 lumens. T8 LED light bulbs have a 50,000-hour lifetime rating, more than three times the 15,000-hour typical lifespan of fluorescent lights. Also, consider the warranty length; LED equivalents are for 5 years from the date of purchase.

Which is the Leading End Use in the LED Tube Market?

Commercial Sector to Generate Maximum Revenue in the LED Tube Market

In terms of end-user, commercial use is expected to hold a significant share during the forecast tenure. The commercial segment consists of cyber hubs, malls, clubs, restaurants, and other places. Interior lighting fixtures play an important role due to the extensive use of lights. The LED tubes feature an ongoing ability that allows commercial places to leverage the long time use of the lights. Hence there is a high demand for LED tubes from the commercial sector.

Which Sales Channels Will Create Significant Demand in LED Tube Market?

Specialty Stores Are Anticipated to Drive the Sales in LED Tube Market

Regarding sales channels, specialist stores are expected to hold a significant share of the LED tube market, which is anticipated to grow steadily during the forecast tenure. Specialist stores offer a wide range of selections of LED tubes. They also provide unique light solutions and suggestions for the area space based on consumer preference and fixtures.

Moreover, specialty store experts help to identify budget-friendly products. Meanwhile, in upcoming years the online retailers market is also anticipated to rise rapidly and will support the growth of the LED tube market.

Competitive Landscape

To enhance the worldwide footprint and grab a large revenue share, market players are focused on new product launches and mergers and acquisitions. To meet the growing demand for LED tubes throughout the world, producers are working on expanding product lines or incorporating innovative goods into their individual portfolios.

For instance:

  • In the year 2020, Signify announced Philips Twin Glow LED the new up-down LED tube lights for homes. The product was combined with various features. The company brings innovation to the product by focusing on comfort in the eyes of users of the product.

Don't Stay in the Dark - Get Lit with LED Tube Options from OSRAM, Syska, And Toshiba

LED tube is a great way to make the commercial property more energy efficient. LED tubes are used in many different settings, including warehouses, manufacturing plants, offices, and retail stores. LED tubes are becoming a popular option for decorative lighting for homes too!

Osram Licht AG is a German manufacturer of electric lighting with headquarters in Munich and Premstätten (Austria). Osram sees itself as a high-tech photonics firm with a growing emphasis on sensor technologies, visualization, and light treatment. Customers are served by the corporation in the consumer, automotive, healthcare, and industrial technology sectors. Osram's operating firm is Osram GmbH.

The company has been dedicated to innovation, research, and development, leading to its recent product offering. An adjustable backlight that uses advanced sensor technology is one of their most innovative products. It gives the option of manually adjusting the light for brightness or automatic mode with different light levels, providing ultimate convenience for all customer needs.

In May 2022, OSRAM, a global pioneer in optical solutions, announced the launch of the OSLON Optimal family of LEDs for horticulture lighting, based on the newest ams OSRAM 1mm2 chip, which offers a fantastic mix of high efficiency, dependable performance, and great value.

Another prominent player, Syska, is an India-based manufacturer of LED lighting systems. LED bulbs, LED tube lights, power banks, dry irons, street lights, smartwatches, shavers, and other goods are available from the firm, allowing consumers to obtain new and energy-efficient lighting solutions.

This year, Syska is excited to introduce a new, improved line of LED tubes. The newest models offer high-quality lighting while using up to 80% less energy than traditional fluorescent bulbs.

In June 2021, Syska introduced two new LED lighting products in India: The T5 LED Batten-SSK-SQ2201 (PC-polycarbonate) and the Syska T5 LED Batten (AL-Aluminum)-SSK-SQ2201 (Rs 449 and Rs 549, respectively).

Moreover, Toshiba Corporation, abbreviated TOSHIBA, is a Japanese global conglomerate corporation based in Minato, Tokyo, Japan. Its wide range of goods and services includes power systems, industrial and social infrastructure, escalators and elevators, electronic components, semiconductors, hard disk drives (HDD), printers, batteries, and lights, as well as IT solutions like quantum cryptography, which was developed at Cambridge Research Laboratory and Toshiba Europe, situated in the United Kingdom, and is now being commercialized.

Toshiba Singapore LED Lighting Systems announced the launch of its E-CORE LED bulbs and reflector lamps in the area, which are long-lasting, high-quality, and energy-efficient. These items are generally intended for commercial and industrial applications, as well as residential and general use. Toshiba Lighting is devoted to producing lighting solutions that meet every demand by focusing on quality, lumen class, and design innovation.

Scope of Report

Attribute Details
Estimated Market Size 2022 US$ 6,712.1 Million
Projected Market Value (2032) US$ 18,062.8 Million
Value CAGR (2022 to 2032) 10.4%
Forecast Period 2022 to 2032
Historical Data Available for 2017 to 2021
Market Analysis US$ Million for Value
Key Regions Covered North America; Latin America; Europe; East Asia; South Asia; Oceania & Middle East and Africa (MEA)
Key Countries Covered USA, Canada, Brazil, Mexico, Germany, France, Spain, Italy, Russia, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand
Key Segments Covered Product Type, End Use, Sales Channel, and Region
Key Companies Profiled Koninklijke Philips N.V.; Acuity Brands, Inc.; IDEAL INDUSTRIES, INC.; Eaton Corporation; SAVANT TECHNOLOGIES LLC.; OSRAM Gmbh; Seoul Semiconductor; Zumtobel Group; Bajaj Electricals; Wipro Ltd; NEPTUN lights inc; Havells; Syska; Foshan Electrical and Lighting Co., Ltd; LED Tube Lighting Pty. Ltd.; Panasonic Corporation; Opple Lighting Co., Ltd.; Crompton Greaves Consumer Electricals Limited.; HPL Electric & Power Ltd; Toshiba Ltd; Other (on request)
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Global LED Tube Market by Category

By Product Type:

  • LED T5
  • LED T8
  • LED T10
  • LED T12

By End Use:

  • Residential
  • Commercial
  • Industrial
  • Architectural
  • Hospital
  • Education Institutes
  • Safety & Security
  • Other End-Use Application

By Sales Channel:

  • Wholesalers/Distributors
  • Hypermarkets/Supermarkets
  • Specialist Stores
  • Exclusive Stores
  • Department Stores
  • Independent Electronic Stores
  • Online Retailers
  • Other Sales Channel

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa(MEA)

Frequently Asked Questions

What is the current LED tube market value?

The global LED tube market reached a valuation of US$ 6,166.9 Million in 2021.

At what rate did the global LED tube market grow between 2017 And 2021?

The global LED tube market grew at 7.1% CAGR between 2017 and 2021.

What are the key trends driving LED tube sales?

The growing popularity of online stores, new product lines, rising LED tube adoption trends, easy accessibility on portals, and increasing awareness of environment-friendly effects, etc. are the key trends in the market.

Who are the leading players in the global LED tube market?

Leading players operating in the global LED tube market are Koninklijke Philips N.V., Acuity Brands, Inc.., IDEAL INDUSTRIES, Inc., Eaton Corporation, SAVANT TECHNOLOGIES LLC., OSRAM Gmbh, Seoul Semiconductor, Bajaj Electricals, Wipro Ltd, and Toshiba Ltd. among others.

What will be the demand outlook for North America LED tube market?

North America LED tube market is projected to grow at a 9.1% CAGR during the forecast period.

What is the market share of the leading players operating in the LED tube market?

Leading players in the global LED tube market are estimated to account for approximately 17% to 23% of the total market share.

What is the LED tube demand outlook for Europe?

Europe LED tube market is anticipated to expand at 11.0% CAGR over the forecast period.

Table of Content
1. Executive Summary | LED Tube Market
    1.1. Global Market Outlook
    1.2. Summary of Key Findings
    1.3. Summary of Key Statistics
    1.4. FMI Analysis and Recommendations
2. Market Overview
    2.1. Market Taxonomy
    2.2. Market Definition
3. Key Market Trends
    3.1. Key Trends Impacting the Market
        3.1.1. Strategic Partnerships with e-Commerce Platform Providers
        3.1.2. Investments in R&D to Develop and Launch New and Innovative Products
        3.1.3. Increasing Adoption of LEDs in Commercial Applications.
        3.1.4. Government promoting eco-friendly products
        3.1.5. Increase in Urbanisation and Development in Industry
    3.2. Product Innovation Trends
    3.3. Future Prospects of the LED Tubes Industry
        3.3.1. Factors Fueling Growth
        3.3.2. Influx of Brands
        3.3.3. Innovative Distribution & Marketing Strategies
4. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032
    4.1. Historical Market Volume (Units) Analysis, 2017 to 2021
    4.2. Current and Future Market Volume (Units) Projections, 2022 to 2032
    4.3. Y-o-Y Growth Trend Analysis
5. Global Market - Pricing Analysis
    5.1. Regional Pricing Analysis By Product Type
    5.2. Pricing Break-up
        5.2.1. Manufacturer-Level Pricing
        5.2.2. Distributor Level Pricing
    5.3. Average Pricing Analysis Benchmark
6. Global Market Demand (in Value or in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
    6.1. Historical Market Value (US$ Mn) Analysis, 2017 to 2021
    6.2. Current and Future Market Value (US$ Mn) Projections, 2022 to 2032
        6.2.1. Y-o-Y Growth Trend Analysis
        6.2.2. Absolute $ Opportunity Analysis
7. Market Background
    7.1. Macro-Economic Factors
        7.1.1. Per capita disposable income
        7.1.2. Urbanization trends
        7.1.3. National unemployment rate
        7.1.4. Growth in the household and commercial sector
        7.1.5. Number of households with LED Tubes
    7.2. Forecast Factors - Relevance & Impact
        7.2.1. Top Companies Historical Growth
        7.2.2. Global Industry Assessment
        7.2.3. Global Retail Sales Outlook
        7.2.4. Urbanization Growth Outlook
        7.2.5. Consumer Price Index
        7.2.6. Others
    7.3. Industry Value and Supply Chain Analysis
    7.4. Market Dynamics
        7.4.1. Drivers
        7.4.2. Restraints
        7.4.3. Opportunity Analysis
    7.5. PESTLE Analysis of Market
    7.6. Investment Feasibility Matrix
    7.7. Porter’s Five Force
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product Type
    8.1. Introduction / Key Findings
    8.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2017 to 2021
    8.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2022 to 2032
        8.3.1. LED T5
        8.3.2. LED T8
        8.3.3. LED T10
        8.3.4. LED T12
    8.4. Market Attractiveness Analysis By Product Type
9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End Use
    9.1. Introduction / Key Findings
    9.2. Historical Market Size (US$ Million) and Volume Analysis By End Use, 2017 to 2021
    9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End Use, 2022 to 2032
        9.3.1. Residential
        9.3.2. Commercial
        9.3.3. Industrial
        9.3.4. Architectural
        9.3.5. Hospital
        9.3.6. Education Institutes
        9.3.7. Safety & Security
        9.3.8. Other End-Use Application
    9.4. Market Attractiveness Analysis By End Use
10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Sales Channel
    10.1. Introduction / Key Findings
    10.2. Historical Market Size (US$ Million) and Volume Analysis By Sales Channel, 2017 to 2021
    10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Sales Channel, 2022 to 2032
        10.3.1. Wholesalers/Distributors
        10.3.2. Hypermarkets/Supermarkets
        10.3.3. Specialist Stores
        10.3.4. Exclusive Stores
        10.3.5. Department Stores
        10.3.6. Independent Electronic Stores
        10.3.7. Online Retailers
        10.3.8. Other Sales Channel
    10.4. Market Attractiveness Analysis By Sales Channel
11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
    11.1. Introduction
    11.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021
    11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032
        11.3.1. North America
        11.3.2. Latin America
        11.3.3. Europe
        11.3.4. East Asia
        11.3.5. South Asia
        11.3.6. Oceania
        11.3.7. Middle East and Africa(MEA)
    11.4. Market Attractiveness Analysis By Region
12. North America Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032
    12.1. Introduction
    12.2. Pricing Analysis
    12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
    12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
        12.4.1. By Country
            12.4.1.1. USA
            12.4.1.2. Canada
        12.4.2. By Product Type
        12.4.3. By End Use
        12.4.4. By Sales Channel
    12.5. Market Attractiveness Analysis
        12.5.1. By Country
        12.5.2. By Product Type
        12.5.3. By End Use
        12.5.4. By Sales Channel
13. Latin America Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032
    13.1. Introduction
    13.2. Pricing Analysis
    13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
    13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
        13.4.1. By Country
            13.4.1.1. Brazil
            13.4.1.2. Mexico
            13.4.1.3. Rest of Latin America
        13.4.2. By Product Type
        13.4.3. By End Use
        13.4.4. By Sales Channel
    13.5. Market Attractiveness Analysis
        13.5.1. By Country
        13.5.2. By Product Type
        13.5.3. By End Use
        13.5.4. By Sales Channel
14. Europe Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032
    14.1. Introduction
    14.2. Pricing Analysis
    14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2017-2021
    14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
        14.4.1. By Country
            14.4.1.1. United Kingdom
            14.4.1.2. Germany
            14.4.1.3. Italy
            14.4.1.4. Spain
            14.4.1.5. France
            14.4.1.6. Russia
            14.4.1.7. Rest of Europe
        14.4.2. By Product Type
        14.4.3. By End Use
        14.4.4. By Sales Channel
    14.5. Market Attractiveness Analysis
        14.5.1. By Country
        14.5.2. By Product Type
        14.5.3. By End Use
        14.5.4. By Sales Channel
15. East Asia Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032
    15.1. Introduction
    15.2. Pricing Analysis
    15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
    15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
        15.4.1. By Country
            15.4.1.1. China
            15.4.1.2. Japan
            15.4.1.3. South Korea
        15.4.2. By Product Type
        15.4.3. By End Use
        15.4.4. By Sales Channel
    15.5. Market Attractiveness Analysis
        15.5.1. By Country
        15.5.2. By Product Type
        15.5.3. By End Use
        15.5.4. By Sales Channel
16. South Asia Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032
    16.1. Introduction
    16.2. Pricing Analysis
    16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
    16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022-2032
        16.4.1. By Country
            16.4.1.1. India
            16.4.1.2. Thailand
            16.4.1.3. Malaysia
            16.4.1.4. Indonesia
            16.4.1.5. Rest of South Asia
        16.4.2. By Product Type
        16.4.3. By End Use
        16.4.4. By Sales Channel
    16.5. Market Attractiveness Analysis
        16.5.1. By Country
        16.5.2. By Product Type
        16.5.3. By End Use
        16.5.4. By Sales Channel
17. Oceania Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032
    17.1. Introduction
    17.2. Pricing Analysis
    17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
    17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
        17.4.1. By Country
            17.4.1.1. Australia
            17.4.1.2. New Zealand
        17.4.2. By Product Type
        17.4.3. By End Use
        17.4.4. By Sales Channel
    17.5. Market Attractiveness Analysis
        17.5.1. By Country
        17.5.2. By Product Type
        17.5.3. By End Use
        17.5.4. By Sales Channel
18. MEA Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032
    18.1. Introduction
    18.2. Pricing Analysis
    18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021
    18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032
        18.4.1. By Country
            18.4.1.1. GCC Countries
            18.4.1.2. South Africa
            18.4.1.3. Rest of Middle East and Africa(MEA)
        18.4.2. By Product Type
        18.4.3. By End Use
        18.4.4. By Sales Channel
    18.5. Market Attractiveness Analysis
        18.5.1. By Country
        18.5.2. By Product Type
        18.5.3. By End Use
        18.5.4. By Sales Channel
19. Key Countries Market Analysis
    19.1. Introduction
        19.1.1. Market Value Proportion Analysis, By Key Countries
        19.1.2. Global Vs. Country Growth Comparison
    19.2. USA Market Analysis
        19.2.1. By Product Type
        19.2.2. By End Use
        19.2.3. By Sales Channel
    19.3. Canada Market Analysis
        19.3.1. By Product Type
        19.3.2. By End Use
        19.3.3. By Sales Channel
    19.4. Mexico Market Analysis
        19.4.1. By Product Type
        19.4.2. By End Use
        19.4.3. By Sales Channel
    19.5. Brazil Market Analysis
        19.5.1. By Product Type
        19.5.2. By End Use
        19.5.3. By Sales Channel
    19.6. Germany Market Analysis
        19.6.1. By Product Type
        19.6.2. By End Use
        19.6.3. By Sales Channel
    19.7. Italy Market Analysis
        19.7.1. By Product Type
        19.7.2. By End Use
        19.7.3. By Sales Channel
    19.8. France Market Analysis
        19.8.1. By Product Type
        19.8.2. By End Use
        19.8.3. By Sales Channel
    19.9. United Kingdom  Market Analysis
        19.9.1. By Product Type
        19.9.2. By End Use
        19.9.3. By Sales Channel
    19.10. Spain Market Analysis
        19.10.1. By Product Type
        19.10.2. By End Use
        19.10.3. By Sales Channel
    19.11. Russia Market Analysis
        19.11.1. By Product Type
        19.11.2. By End Use
        19.11.3. By Sales Channel
    19.12. China Market Analysis
        19.12.1. By Product Type
        19.12.2. By End Use
        19.12.3. By Sales Channel
    19.13. Japan Market Analysis
        19.13.1. By Product Type
        19.13.2. By End Use
        19.13.3. By Sales Channel
    19.14. S. Korea Market Analysis
        19.14.1. By Product Type
        19.14.2. By End Use
        19.14.3. By Sales Channel
    19.15. India Market Analysis
        19.15.1. By Product Type
        19.15.2. By End Use
        19.15.3. By Sales Channel
    19.16. ASEAN Market Analysis
        19.16.1. By Product Type
        19.16.2. By End Use
        19.16.3. By Sales Channel
    19.17. Australia and New Zealand Market Analysis
        19.17.1. By Product Type
        19.17.2. By End Use
        19.17.3. By Sales Channel
    19.18. Turkey Market Analysis
        19.18.1. By Product Type
        19.18.2. By End Use
        19.18.3. By Sales Channel
    19.19. South Africa Market Analysis
        19.19.1. By Product Type
        19.19.2. By End Use
        19.19.3. By Sales Channel
20. Market Structure Analysis
    20.1. Market Analysis by Tier of Companies
    20.2. Market Concentration
    20.3. Market Share Analysis of Top Players
    20.4. Market Presence Analysis
        20.4.1. By Regional footprint of Players
        20.4.2. Product foot print by Players
        20.4.3. Channel Foot Print by Players
21. Competition Analysis
    21.1. Competition Dashboard
    21.2. Pricing Analysis by Competition
    21.3. Competition Benchmarking
    21.4. Competition Deep Dive
        21.4.1. Koninklijke Philips N.V.
            21.4.1.1. Overview
            21.4.1.2. Product Portfolio
            21.4.1.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.1.4. Distribution Footprint
            21.4.1.5. Strategy Overview
        21.4.2. Acuity Brands, inc.
            21.4.2.1. Overview
            21.4.2.2. Product Portfolio
            21.4.2.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.2.4. Distribution Footprint
            21.4.2.5. Strategy Overview
        21.4.3. IDEAL INDUSTRIES, INC.
            21.4.3.1. Overview
            21.4.3.2. Product Portfolio
            21.4.3.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.3.4. Distribution Footprint
            21.4.3.5. Strategy Overview
        21.4.4. Eaton Corporation
            21.4.4.1. Overview
            21.4.4.2. Product Portfolio
            21.4.4.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.4.4. Distribution Footprint
            21.4.4.5. Strategy Overview
        21.4.5. SAVANT TECHNOLOGIES LLC.
            21.4.5.1. Overview
            21.4.5.2. Product Portfolio
            21.4.5.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.5.4. Distribution Footprint
            21.4.5.5. Strategy Overview
        21.4.6. OSRAM Gmbh
            21.4.6.1. Overview
            21.4.6.2. Product Portfolio
            21.4.6.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.6.4. Distribution Footprint
            21.4.6.5. Strategy Overview
        21.4.7. Seoul Semiconductor
            21.4.7.1. Overview
            21.4.7.2. Product Portfolio
            21.4.7.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.7.4. Distribution Footprint
            21.4.7.5. Strategy Overview
        21.4.8. Zumtobel Group
            21.4.8.1. Overview
            21.4.8.2. Product Portfolio
            21.4.8.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.8.4. Distribution Footprint
            21.4.8.5. Strategy Overview
        21.4.9. Bajaj Electricals
            21.4.9.1. Overview
            21.4.9.2. Product Portfolio
            21.4.9.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.9.4. Distribution Footprint
            21.4.9.5. Strategy Overview
        21.4.10. Wipro Ltd
            21.4.10.1. Overview
            21.4.10.2. Product Portfolio
            21.4.10.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.10.4. Distribution Footprint
            21.4.10.5. Strategy Overview
        21.4.11. NEPTUN lights inc
            21.4.11.1. Overview
            21.4.11.2. Product Portfolio
            21.4.11.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.11.4. Distribution Footprint
            21.4.11.5. Strategy Overview
        21.4.12. Havells
            21.4.12.1. Overview
            21.4.12.2. Product Portfolio
            21.4.12.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.12.4. Distribution Footprint
            21.4.12.5. Strategy Overview
        21.4.13. Syska
            21.4.13.1. Overview
            21.4.13.2. Product Portfolio
            21.4.13.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.13.4. Distribution Footprint
            21.4.13.5. Strategy Overview
        21.4.14. Foshan Electrical and Lighting Co., Ltd
            21.4.14.1. Overview
            21.4.14.2. Product Portfolio
            21.4.14.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.14.4. Distribution Footprint
            21.4.14.5. Strategy Overview
        21.4.15. Lighting Pty. Ltd.
            21.4.15.1. Overview
            21.4.15.2. Product Portfolio
            21.4.15.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.15.4. Distribution Footprint
            21.4.15.5. Strategy Overview
        21.4.16. Panasonic Corporation
            21.4.16.1. Overview
            21.4.16.2. Product Portfolio
            21.4.16.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.16.4. Distribution Footprint
            21.4.16.5. Strategy Overview
        21.4.17. Opple Lighting Co., Ltd.
            21.4.17.1. Overview
            21.4.17.2. Product Portfolio
            21.4.17.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.17.4. Distribution Footprint
            21.4.17.5. Strategy Overview
        21.4.18. Crompton Greaves Consumer Electricals Limited.
            21.4.18.1. Overview
            21.4.18.2. Product Portfolio
            21.4.18.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.18.4. Distribution Footprint
            21.4.18.5. Strategy Overview
        21.4.19. HPL Electric & Power Ltd
            21.4.19.1. Overview
            21.4.19.2. Product Portfolio
            21.4.19.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.19.4. Distribution Footprint
            21.4.19.5. Strategy Overview
        21.4.20. Toshiba Ltd.
            21.4.20.1. Overview
            21.4.20.2. Product Portfolio
            21.4.20.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.20.4. Distribution Footprint
            21.4.20.5. Strategy Overview
        21.4.21. Others (As per Request)
            21.4.21.1. Overview
            21.4.21.2. Product Portfolio
            21.4.21.3. Profitability by Market Segments (Product/Channel/Region)
            21.4.21.4. Distribution Footprint
            21.4.21.5. Strategy Overview
22. Assumptions and Acronyms Used
23. Research Methodology
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