The global LED tube light market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2028, exhibiting a growth rate (CAGR) of 10.6% during 2023-2028.
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 report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on tube type and application.
Breakup by Tube Type:
Breakup by Application:
Breakup by Region:
Middle East and Africa
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.
Base Year of the Analysis
Tube Type, Application, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, United Kingdom, France, Spain, China, Japan, India, Mexico, Brazil
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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Key Questions Answered in This Report
The global LED tube light market was valued at US$ 3.8 Billion in 2022.
We expect the global LED tube light market to exhibit a CAGR of 10.6% during 2023-2028.
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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