LED Tube Light Market

Global LED Tube Light Market Size:

The global LED tube light market size reached US$ 4.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.5 Billion by 2032, exhibiting a growth rate (CAGR) of 9.2% during 2024-2032. The LED tube light market growth is primarily driven by the inflating electricity prices globally and the rising number of awareness campaigns and policies towards environmental protection and energy conservation.

Global LED Tube Light Market Analysis:

• Major Market Drivers: The increasing focus on energy efficiency and sustainability is positively influencing the demand for LED lighting solutions. Besides this, the extensive utilization of LED tube lights in commercial and residential settings in place of traditional fluorescent tubes, on account of their longer lifespan and reduced maintenance costs, is also catalyzing the global market.
• Key Market Trends: The implementation of favorable initiatives and regulations by government bodies, including rebates, incentives, and mandates for promoting the adoption of energy-efficient lighting technologies is propelling the need for LED tube lights. Moreover, the development of new and innovative lights by the leading manufacturers with enhanced features, such as improved color rendering, higher lumen output, dimmability, and compatibility with smart lighting systems, is bolstering the growth of the market.
• Competitive Landscape: Some of the major LED tube light market companies comprise Acuity Brands Inc., Eaton Corporation PLC, Foshan Electrical and Lighting Co. Ltd., Iris Ohyama Inc., Koninklijke Philips N.V., LEDVANCE GmbH (MLS Co. Ltd.), Opple Lighting, Panasonic Life Solutions India Pvt. Ltd. (Panasonic Corporation), Savant Technologies LLC, Toggled (Altair Engineering Inc.), Yankon Lighting, and Zumtobel Group, among others.
• Geographical Trends: Asia Pacific is represented as the largest region in the LED tube light market, owing to the emerging trend of urbanization and industrialization and the increasing number of residential and commercial buildings. In addition to this, the continuous advances in LED technology, leading to improvements in luminous efficacy and energy efficiency, are also catalyzing the market growth in the region. Moreover, the widespread adoption of derivatives with flicker-free operation, low glare, and reduced blue light emission is augmenting the growth of the LED tube light market substantially.
• Challenges and Opportunities: The primary challenges hindering the LED tube light market statistics include the higher upfront cost compared to conventional fluorescent tubes. Moreover, retrofitting the existing tubes with LEDs can sometimes pose compatibility issues, including fixture design limitations and incompatible ballasts. However, the ongoing improvements in efficacy, color quality, dimming capabilities, smart lighting integration, and IoT connectivity are enabling manufacturers to develop cutting-edge products that meet the evolving customer needs, which is acting as a significant growth-inducing factor for market expansion in the coming years.

Global LED Tube Light Market Trends:

Extensive Utilization in the Automotive Industry

LED technology is extensively used in automotive headlights and taillights for its energy efficiency, durability, and design flexibility. In line with this, LED headlights offer brighter and more focused illumination compared to traditional halogen or xenon variants, improving visibility for drivers and enhancing safety on the road. Moreover, LED taillights provide bright, fast-responding illumination for brake lights, turn signals, and rear position lamps, increasing visibility and reducing the risk of rear-end collisions, which is boosting the LED tube light market demand globally. For instance, in July 2023, the total production of passenger vehicles, three-wheelers, two-wheelers, and quad bikes was 2.08 million units. In 2030, India is expected to be a leader in shared mobility, providing opportunities for energy and autonomous vehicles. The Indian government has set a target to have 30% of new cars sold in India be energy-efficient by 2030. Lighting using LED lights will be very important, propelling LED sales. Additionally, the elevating requirement for LED technology in vehicles for interior lighting, including dome, map, reading, and ambient lights, as it offers bright, efficient illumination with low power consumption, is augmenting the market growth forward. For example, as compared to 23,040,066 automobiles produced from April 2021 to March 2022, the automotive industry in India produced 25,931,867 vehicles from April 2022 to March 2023. The sales of passenger cars in 2023 increased from 14,67,039 in 2022 to 17,47,376. The percentage of Indians who own an automobile exceeded 7%.

Ongoing Technological Advancements

The ongoing advances in LED chip technology, phosphor materials, and packaging techniques have led to higher luminous efficacy (lumens per watt) in LED tube lights. Besides this, manufacturers are continually improving the efficacy of lighting technology to achieve greater energy efficiency and reduce power consumption without sacrificing light output or quality, which is also stimulating the LED tube light market outlook. Moreover, some tube lights feature tunable white or color-changing capabilities, allowing users to adjust the color temperature and intensity of the light output to suit various activities, tasks, and preferences. For instance, Signify introduced an A-class LED tube, which consumes 60% less energy than a standard Philips LED. The MASTER LEDtube UE expands the energy-efficient derivatives that meet the A-grade criteria of the new EU energy labeling and eco-design framework through technological innovation. Furthermore, the integration of these lights with smart lighting systems and IoT (Internet of Things) technology to enable remote control, automation, and connectivity features is propelling the LED tube light market overview. For example, Osram announced the release of the OSLON Optimum family of LEDs. These LEDs are based on the most recent ams Osram 1mm2 chip and are designed for horticulture lighting. They offer an exceptional combination of high efficiency, dependable performance, and great value.

Rising Demand from Commercial and Retail Industries

LED tube lights are extensively adopted in commercial and retail settings, on account of their high energy efficiency, long lifespan, and superior light quality. Besides this, these lights serve as primary sources of general illumination in offices, lobbies, corridors, and hallways. They provide bright, uniform lighting to create a well-lit and welcoming environment for employees, customers, and visitors, which is bolstering the LED tube light market revenue. For instance, Mich.EarthTronics introduced its Color & Wattage Selectable LED Strip Series for high-bay and general lighting in retail and new commercial facilities. The company is dedicated to developing innovative energy-saving lighting products with a positive economic and environmental impact. The new LED Strip Series, which comes in 48- and 96-inch fixtures, allows establishments to switch between 3500K, 4000K, and 5000K color temperatures and three wattages during installation to provide the proper illumination level and desired color temperatures for optimum productivity. Moreover, LED tube lights are installed over workstations, counters, desks, or cash registers to provide adequate lighting for various tasks, such as reading, writing, computing, and transaction processing.

Global LED Tube Light Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global LED tube light market report, along with market forecast at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on tube type and application.

Breakup by Tube Type:

• T5
• T8
• T12
• Others
   

T5 dominates the market

The report has provided a detailed breakup and analysis of the market based on the tube type. This includes T5, T8, T12, and others. According to the report, T5 accounted for the largest segment.

T5 LED tube lights represent a lighting solution that is designed particularly to replace traditional T5 fluorescent tube lights while offering longevity, energy efficiency, and enhanced performance. These lights are widely utilized in commercial settings, such as offices, supermarkets, retail stores, and warehouses. T5 LED lights provide bright, uniform illumination for general, task, and accent lighting applications. Besides this, they are extensively used to illuminate workstations, storage areas, assembly lines, and aisles, offering sufficient visibility for safe and efficient operations. Moreover, the rising need for T5 LED tube lights in colleges, schools, and universities to illuminate classrooms, lecture halls, corridors, and other educational spaces, on account of their long lifespan and low maintenance requirements, is bolstering the LED tube light market share.

Breakup by Application:

• Residential
• Office
• Industrial
• Hospitality
• Others
   

Residential accounts for the major market share

The report has provided a detailed breakup and analysis of the market based on the application. This includes residential, office, industrial, hospitality, and others. According to the report, the residential sector holds the major share of the market.

The extensive utilization of LED lighting solutions for several applications in residential settings, such as general, bathroom, kitchen, closet, garage, basement, etc., to improve energy efficiency, lighting quality, and overall comfort is fueling the LED tube light market statistics. Besides this, the widespread adoption of these lights for illuminating bedrooms, kitchens, living rooms, and hallways for everyday activities, including cooking, reading, working, and socializing is also catalyzing the market growth in this segment. For instance, the Indian national government's ambitious Pradhan Mantri Awas Yojana (PMAY) scheme, which aimed to construct 20 million affordable residences in metropolitan areas all across the nation, drives the residential sector. Moreover, more than 50% of people in India live in their own houses, while almost 30% live on a rental basis, and 13% in their parents’ houses. Apart from this, LED tube lights are widely installed in kitchens, such as under cabinets, over countertops, or in ceiling fixtures to provide task lighting for food preparation and cooking, owing to their energy efficiency, long lifespan, and bright, flicker-free illumination. For example, the Power Ministry distributed 36.78 crore LED lights under the Unnat Jyoti by Affordable LEDs for All (UJALA) program over the years, which saved 47,778 million units of electricity per annum.

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
   

Asia Pacific leads the market, accounting for the largest LED tube light market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest region.

As per the LED tube light market report, Asia Pacific accounted for the largest regional segment of the market, owing to the emerging trend of urbanization and industrialization and the increasing number of residential and commercial buildings. In addition to this, the continuous advances in LED technology, leading to improvements in luminous efficacy and energy efficiency, are also catalyzing the market growth in the region. Moreover, the widespread adoption of derivatives with flicker-free operation, low glare, and reduced blue light emission is augmenting the LED tube light market recent price significantly. For instance, in 2030, India is expected to be a leader in shared mobility, providing opportunities for energy and autonomous vehicles. The Indian government has set a target to have 30% of new cars sold in India be energy-efficient by 2030. Lighting using LED lights will be very important, boosting LED sales.

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.
• Iris Ohyama Inc.
• Koninklijke Philips N.V.
• LEDVANCE GmbH (MLS Co. Ltd.)
•  Opple Lighting
• Panasonic Life Solutions India Pvt. Ltd. (Panasonic Corporation)
• Savant Technologies LLC
• Toggled (Altair Engineering Inc.)
•  Yankon Lighting
• Zumtobel Group
   

Global LED Tube Light Market Recent Developments:

• February 2024: The state government of West Bengal has given approval and financial sanction of Rs 2.9 Crore to the urban development department for the Kolkata Metropolitan Development Authority (KMDA) to switch over from high pressure sodium vapor lights to LED tube lights and restore all faulty cable lines on the stretch from Kamalgazi flyover end to Padma Pukur More on Southern Bypass towards Baruipur.
• November 2023: Godox showcased its new KNOWLED Air Tube Light AT200Bi at Inter bee 2023 in Japan. The KNOWLED Air Bi-Color LED Tube Light was designed to provide soft and even illumination in a lightweight and portable package. The fixture has a CCT range of 2700K to 8500K and claimed color accuracy ratings of CRI/TCLI 96.
• August 2023: Nanlite announced the new PavoTube II XR, the latest addition to its comprehensive LED tube light family. The PavoTube II XR are LED RGBWW Pixel Tube Lights with a CCT range of 2700K-12000K with G/M±100 adjustment. They have 15 built-in effects and 10-pixel effects.

Global LED Tube Light Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the LED tube light market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global LED tube light market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the LED tube light industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.