Global LED Downlight Market to Reach US$ 50.1 Billion by 2032, Catalyzed by the Increasing Demand for Energy-Efficient Lighting Solutions

April 19, 2023 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled “LED Downlight Market Report by Application (Retrofit, Retail and Hospitality, Outdoor, Offices, Architectural, Residential, Industrial), and Region 2024-2032," the global LED downlight market size reached US$ 25.4 Billion in 2023. Light-emitting diode (LED), downlights refer to electroluminescence devices that are installed in ceilings or wall recesses to illuminate an area. They are comprised of several components, such as a heatsink, reflector, LED chip, lens, housing, and driver. They are widely used in living rooms, kitchens, bedrooms, offices, retail stores, showrooms, malls, gyms, arenas, hospitals, restaurants, hotels, and other commercial buildings. As compared to traditional lighting solutions, LED downlights are cost-effective, durable, energy efficient, and resistant to shocks, vibrations, and temperature fluctuations. They are also eco-friendly, require low maintenance, offer long service life, provide instant color rendering capabilities, and are available in a wide variety of shapes, sizes, and colors.

Global LED Downlight Market Trends:

The rising demand for energy-efficient lighting solutions due to increasing environmental concerns is one of the primary factors driving the market growth. LED downlight is widely used in residential, commercial, and industrial buildings as it produces less heat, reduces energy consumption, lowers electricity bills, and provides long service life. Furthermore, the growing product demand to create a welcoming atmosphere and highlight specific features of artworks, sculptures, and architectural details in museums and art galleries is acting as another growth-inducing factor. Apart from this, the implementation of various government initiatives to promote the use of energy-efficient lighting solutions for reducing carbon footprint is providing an impetus to the market growth. Additionally, the introduction of WiFi-enabled smart LED downlights that provide dimming and color change features and can be controlled through mobile applications, smartphones, and voice commands is positively influencing the market growth. Besides this, the recent development of anti-glare LED downlights that produces a softer and more diffused light, thus reducing eye strain and creating an ideal environment for reading, cooking, and working, is propelling the market growth. Moreover, the widespread installation of LED downlights in outdoor spaces due to their capability to withstand rough conditions, such as external shocks, vibrations, extreme weather conditions, and traffic-related exposure, is facilitating the market growth. Other factors, including rising consumer expenditure capacities, easy product availability across e-commerce platforms, extensive research and development (R&D) activities, and the growing demand for aesthetically pleasing lights, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 50.1 Billion by 2032, exhibiting a CAGR of 7.6% during 2024-2032.

Market Summary:

  • On the basis of the application, the market has been divided into retrofit, retail and hospitality, outdoor, offices, architectural, residential, and industrial. At present, retrofit represents the largest application in the market.
  • On a regional basis, the market has been categorized into India, China, Europe, The United States, Japan, Brazil, Russia, and others.
  • The competitive landscape of the industry has also been examined, with some of the key players being Acuity Brands Inc, Cree Lighting (Ideal Industries Inc.), DMF Lighting, Eaton Corporation plc, ELCO Lighting, General Electric Company, Havells India Limited, Hubbell Incorporated, JESCO Lighting Group LLC, Nora Lighting and Signify Holding.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Report Scope Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment
  • Application
  • Region
Applications Covered Retrofit, Retail and Hospitality, Outdoor, Offices, Architectural, Residential, and Industrial
Regions Covered India, China, Europe, United States, Japan, Brazil, Russia, and others
Companies Covered Acuity Brands Inc, Cree Lighting (Ideal Industries Inc.), DMF Lighting, Eaton Corporation plc, ELCO Lighting, General Electric Company, Havells India Limited, Hubbell Incorporated, JESCO Lighting Group LLC, Nora Lighting and Signify Holding
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global LED Downlight Market to Reach US$ 50.1 Billion by 2032, Catalyzed by the Increasing Demand for Energy-Efficient Lighting Solutions
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More