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LED Tube Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global LED tube light market reached a value of US$ 3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6 Billion by 2027, exhibiting at a CAGR of 10.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A light-emitting diode (LED) tube light currently represents one of the most energy-efficient types of linear tube lighting. Due to their high energy efficiency and longer life, these lights are rapidly replacing fluorescent tube lights that are often used in commercial and residential buildings. Unlike fluorescent tubes (which tend to burn out faster when integrated with occupancy sensors and other controls), LED tube lights work perfectly with control systems. They have a longer life span of 50,000 to 100,000 hours, which is 55-75 times more than their traditional counterparts. These eco-friendly lights offer maximum light output along with energy savings and come in a wide array of color temperatures. On account of their unique solid-state design, LED tube lights are lightweight, extremely durable, and require virtually no maintenance or warm up time. Besides this, they are highly resistant to temperature alterations and can remain stable even in extremely cold conditions.

Global LED Tube Light Market Trends:

With the inflating prices of electricity around the world, consumers are shifting from compact fluorescent lights (CFLs) to LED tube lights. This is further supported by awareness campaigns and policies for energy conservation and environmental protection by governments in various countries. On the other hand, manufacturers are coming up with different LED lighting products and investing in marketing through newspapers and televisions, which is increasing product awareness among consumers. Further, strong demand for LED tube lights is emerging from the corporate sector as they offer better ambiance lighting, enhanced controls, and reduced maintenance costs. They are also widely being used in automotive, general lighting, mobile devices, signal and signage, healthcare, forensic, academics, and street lighting, which is stimulating market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global LED tube light market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on tube type and application.

Breakup by Tube Type:

  • T5
  • T8
  • T12
  • Others
     

Breakup by Application:

  • Residential
  • Office
  • Industrial
  • Hospitality
  • Others
     

Breakup by Region:

  • Asia Pacific
    • China
    • Japan
    • India
    • Others
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Others 
  • North America
    • United States 
    • Canada
  • Latin America
    • Mexico
    • Brazil
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Acuity Brands, Inc., Eaton Corporation PLC, Foshan Electrical and Lighting Co., Ltd, GE Lighting, Iris Ohyama Inc., Koninklijke Philips NV, Ledvance Lighting Company, Opple Lighting, OSRAM, Panasonic Corporation, Syska LED, Toggled, Yankon Lighting, and Zumtobel Group.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Tube Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, United Kingdom, France, Spain, China, Japan, India, Mexico, Brazil
Companies Covered Acuity Brands, Inc., Eaton Corporation PLC, Foshan Electrical and Lighting Co., Ltd, GE Lighting, Iris Ohyama Inc., Koninklijke Philips NV, Ledvance Lighting Company, Opple Lighting, OSRAM, Panasonic Corporation, Syska LED, Toggled, Yankon Lighting and Zumtobel Group
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction 

    4.1    Overview
    4.2    Key Industry Trends
5   Global LED Tube Light Industry    
    5.1    Market Overview    
    5.2    Market Performance
    5.3    Impact of COVID-19    
    5.4    Market Breakup by Tube Type    
    5.5    Market Breakup by Application    
    5.6    Market Breakup by Region    
    5.7    Market Forecast    
    5.8    SWOT Analysis    
        5.8.1    Overview    
        5.8.2    Strengths    
        5.8.3    Weaknesses    
        5.8.4    Opportunities    
        5.8.5    Threats    
     5.9    Value Chain Analysis    
        5.9.1     Procurement of Components    
        5.9.2     LED Tube Light Manufacturers    
        5.9.3     Marketing and Product Distribution    
        5.9.4     End Users    
     5.10    Porter’s Five Forces Analysis    
        5.10.1    Overview    
        5.10.2    Bargaining Power of Buyers    
        5.10.3    Bargaining Power of Suppliers    
        5.10.4    Degree of Competition    
        5.10.5    Threat of New Entrants    
        5.10.6    Threat of Substitutes    
     5.11    Key Success and Risk Factors for LED Tube Light Manufacturers    
     5.12    Comparative Analysis of CFL and LED    
     5.13    Price Analysis    
        5.13.1    Key Price Indicators    
        5.13.2    Price Structure    
6   Market Breakup by Tube Type 
    6.1   T5
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2   T8
        6.2.1 Market Trends
        6.2.2 Market Forecast    
    6.3   T12
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4   Others
        6.4.1 Market Trends
        6.4.2 Market Forecast    
7   Market Breakup by Application
    7.1     Residential
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Office
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Industrial
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Hospitality
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Region
    8.1    Asia Pacific
        8.1.1 China
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Japan
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
        8.1.3 India
           8.1.3.1 Market Trends
           8.1.3.2 Market Forecast
        8.1.4 Others
           8.1.4.1 Market Trends
           8.1.4.2 Market Forecast
    8.2    Europe
        8.2.1 Germany
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 United Kingdom 
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 France
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 Spain    
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Others
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
    8.3    North America
        8.3.1 United States
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 Canada
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
    8.4    Latin America
        8.4.1 Mexico 
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Brazil
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   LED Tube light Manufacturing Process    
    9.1    Product Overview and Specifications    
    9.2    Key Features and Advantages    
    9.3    Key Application Areas    
        9.3.1    Offices and Conference Rooms    
        9.3.2    Showrooms and Malls    
        9.3.3    Homes, Departmental Stores and Boutiques    
        9.3.4    Warehouses and Parking Houses    
        9.3.5    Hospitals and Laboratories    
    9.4    Popular Types    
        9.4.1    LED Tube Light (Direct Fit)    
        9.4.2    LED Tube Light (Internal Driver)    
        9.4.3    LED Tube Light (External Driver)    
    9.5    Design Material Alternatives    
        9.5.1    Thermoplastic Housing    
        9.5.2    Extruded Aluminium Housing    
        9.5.3    Extruded Glass Housing    
    9.6    Manufacturing Process    
    9.7    Raw Material Requirements    
    9.8    Raw Material Pictures    
10  Project Details, Requirements and Costs Involved    
    10.1    Land Requirements and Expenditures    
    10.2    Construction Requirements and Expenditures    
    10.3    Plant Machinery    
    10.4    Machinery Pictures    
    10.5    Raw Material Requirements and Expenditures    
    10.6    Raw Material and Final Product Pictures    
    10.7    Packaging Requirements and Expenditures    
    10.8    Transportation Requirements and Expenditures    
    10.9    Utility Requirements and Expenditures    
    10.10    Manpower Requirements and Expenditures    
    10.11    Other Capital Investments    
11  Loans and Financial Assistance    
12  Project Economics    

    12.1    Capital Cost of the Project    
    12.2    Techno-Economic Parameters    
    12.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    12.4    Taxation and Depreciation    
    12.5    Income Projections    
    12.6    Expenditure Projections    
    12.7    Financial Analysis    
    12.8    Profit Analysis 
13  Competitive Landscape
    13.1   Market Structure
    13.2   Key Players
    13.3   Profiles of Key Players 
       13.3.1    Acuity Brands, Inc.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials     
           13.3.1.4 SWOT Analysis
       13.3.2    Eaton Corporation PLC
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
       13.3.3    Foshan Electrical and Lighting Co., Ltd
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
       13.3.4    GE Lighting
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
       13.3.5    Iris Ohyama Inc.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
       13.3.6    Koninklijke Philips NV
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio     
           13.3.6.3 Financials
           13.3.6.4 SWOT Analysis
       13.3.7    Ledvance Lighting Company
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
       13.3.8    Opple Lighting
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials
       13.3.9    OSRAM
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials
       13.3.10   Panasonic Corporation
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
           13.3.10.3 Financials
           13.3.10.4 SWOT Analysis
       13.3.11    Syska LED
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
       13.3.12    Toggled
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio
       13.3.13    Yankon Lighting
           13.3.13.1 Company Overview
           13.3.13.2 Product Portfolio
       13.3.14   Zumtobel Group
           13.3.14.1 Company Overview
           13.3.14.2 Product Portfolio
           13.3.14.3 Financials
           13.3.14.4 SWOT Analysis

List of Figures

Figure 1: Global: LED Tube Light Market: Major Drivers and Challenges
Figure 2: Global: LED Tube Light Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: LED Tube Light Market: Breakup by Tube Type (in %), 2021
Figure 4: Global: LED Tube Light Market: Breakup by Application (in %), 2021
Figure 5: Global: LED Tube Light Market: Breakup by Region (in %), 2021
Figure 6: Global: LED Tube Light Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: LED Tube Light Industry: SWOT Analysis
Figure 8: Global: LED Tube Light Industry: Value Chain Analysis
Figure 9: Global: LED Tube Light Industry: Porter’s Five Forces Analysis
Figure 10: LED Tube Light Industry: Operating Cost Breakup (in %)
Figure 11: Global: LED Tube Light (T5) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: LED Tube Light (T5) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: LED Tube Light (T8) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: LED Tube Light (T8) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: LED Tube Light (T12) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: LED Tube Light (T12) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: LED Tube Light (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: LED Tube Light (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: LED Tube Light (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: LED Tube Light (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: LED Tube Light (Office) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: LED Tube Light (Office) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: LED Tube Light (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: LED Tube Light (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: LED Tube Light (Hospitality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: LED Tube Light (Hospitality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: LED Tube Light (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: LED Tube Light (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Asia Pacific: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Asia Pacific: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: China: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: China: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: India: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: India: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Japan: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Japan: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Rest of Asia Pacific: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Rest of Asia Pacific: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Europe: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Europe: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Germany: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Germany: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United Kingdom: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United Kingdom: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: France: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: France: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Spain: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Spain: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Rest of Europe: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Rest of Europe: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: North America: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: North America: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: United States: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: United States: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Canada: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Canada: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Latin America: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Latin America: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Mexico: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Mexico: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Brazil: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Brazil: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Rest of Latin America: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Rest of Latin America: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Middle East and Africa: LED Tube Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Middle East and Africa: LED Tube Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: LED Tube Light Manufacturing: Various Types of Units Operation Involved
Figure 68: LED Tube Light Manufacturing: Various Types of Units Operation Involved
Figure 69: LED Tube Light Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 70: LED Tube Light Industry: Margins Across Various Stages of the Supply Chain
Figure 71: LED Tube Light Manufacturing Plant: Breakup of Operating Costs (in %)

List of Tables

Table 1: Global: LED Tube Light Market: Key Industry Highlights, 2021 and 2027
Table 2: Comparison of LEDs with Incandescent Bulb and Compact Fluorescent Lamps (Based on Energy Efficiency and Environmental Impact)
Table 3: Comparison of LEDs with Incandescent Bulb and Compact Fluorescent Lamps (Based on Luminous Flux)
Table 4: LED Tube Light Industry: Price Indicators
Table 5: Global: LED Tube Light Market Forecast: Breakup by Tube Type (in Million US$), 2022-2027
Table 6: Global: LED Tube Light Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 7: Global: LED Tube Light Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: LED Tube Light Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: LED Tube Light Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: LED Tube Light Manufacturing Plant: Costs Related to Plant Machinery (in US$)
Table 11: LED Tube Light Manufacturing Plant: Raw Material Requirements and Expenditures
Table 12: LED Tube Light Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 13: LED Tube Light Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Details of Financial Assistance Offered by Financial Institutions in India
Table 15: LED Tube Light Manufacturing Plant: Capital Costs (in US$)
Table 16: LED Tube Light Manufacturing Plant: Techno-Economic Parameters
Table 17: LED Tube Light Manufacturing Plant: Taxation (in US$/Year)
Table 18: LED Tube Light Manufacturing Plant: Depreciation (in US$/Year)
Table 19: LED Tube Light Manufacturing Plant: Income Projections (in US$)
Table 20: LED Tube Light Manufacturing Plant: Expenditure Projections (in US$)
Table 21: LED Tube Light Manufacturing Plant: Cash Flow Analysis Without Considering the Taxes
Table 22: LED Tube Light Manufacturing Plant: Cash Flow Analysis on Considering the Tax Liability
Table 23: LED Tube Light Manufacturing Plant: Profit and Loss Account (in US$)
Table 24: Global: LED Tube Light Market: Competitive Structure
Table 25: Global: LED Tube Light Market: Key Players


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Key Questions Answered in This Report

The global LED tube light market was valued at US$ 3 Billion in 2021.

We expect the global LED tube light market to exhibit a CAGR of 10.9% during 2022-2027.

The widespread applications of LED tube lights in automobiles, mobile devices, signal and signage, etc., as they are energy-efficient and offer better ambiance lighting, are primarily driving the global LED tube light market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for LED tube lights.

Based on the tube type, the global LED tube light market has been segmented into T5, T8, T12, and others. Currently, T5 holds the majority of the total market share.

Based on the application, the global LED tube light market can be categorized into residential, office, industrial, hospitality, and others. Among these, the residential sector exhibits a clear dominance in the market.

On a regional level, the market has been classified into Asia Pacific, Europe, North America, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global LED tube light market include Acuity Brands, Inc., Eaton Corporation PLC, Foshan Electrical and Lighting Co., Ltd, GE Lighting, Iris Ohyama Inc., Koninklijke Philips NV, Ledvance Lighting Company, Opple Lighting, OSRAM, Panasonic Corporation, Syska LED, Toggled, Yankon Lighting, and Zumtobel Group.

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