Global Revenue from LED Lighting Systems Expected to Total US$216 Billion from 2015 to 2024

LED Lighting Systems

A recent Navigant Research report analyzes the global market for light-emitting diode (LED) lamps and modules across all major space lighting uses, including global market forecasts for unit sales and revenue of LED lamps and modules, through 2024.

LED prices have declined far enough that this type of lighting is now the economical choice for almost every setting and use, and heavy attention is being paid to the ongoing energy savings the technology offers. With payback periods now falling below two to four years, project decision makers from almost every application are being forced to consider LEDs for installations.
“For commercial buildings, the shift to LEDs has been the most dramatic in retrofit projects where older bulbs are being replaced specifically to improve efficiency,” says Jesse Foote, senior research analyst with Navigant Research. “This change is happening at such a fast rate that LEDs are expected to knock inefficient technologies like incandescent and halogen bulbs out of the market by 2024.”
As more efficient lamp types have become available at lower price points, many countries have started to implement bans on outdated or inefficient technology, according to the report. While this has mostly taken place in North America and Europe, a number of Latin American and Asian countries have also started to introduce similar legislation that could drive more LED sales.

The report, LED Lighting: Global Outlook, analyzes the global market for LED lamps and modules across all major space lighting uses. The study provides an analysis of the market issues, including drivers and trends, barriers, cost issues, and technological developments, associated with LED lighting. Global market forecasts for unit sales and revenue of LED lamps and modules, segmented by region, equipment type, and end use, extend through 2024. The report also examines key codes and standards and regional influences related to LED lighting, as well as the competitive landscape.

Find out more: www.navigantresearch.com/research/led-lighting-global-outlook

 

Related Articles

Changing Scene

  • March 18, 2026 - Liteline Presents ATTRACKT - New Product Webinar - March 31, 2026

    Liteline Presents: ATTRACKT – New Product Webinar – March 31, 2026

    Join Liteline for the launch of ATTRAKT, a low-voltage magnetic lighting system designed for modern spaces. ATTRACKT’s compact, refined form factor delivers exceptional flexibility, with fixtures that can be easily positioned and reconfigured to suit evolving lighting needs. With versatile modules and connectors to create customized layouts, ATTRACKT provides a clean, modular solution that elevates… Read More…

  • March 3, 2026 - Leviton - Certolux Visioneering (Viscor) Announces Walter Lai as New Purchasing Manager

    Leviton – Certolux Visioneering (Viscor) Announces Walter Lai as New Purchasing Manager

    Leviton – Certolux Visioneering (Viscor) is excited to welcome Walter Lai CSCMP to the team as Purchasing Manager! Walter brings over 20 years of expertise in purchasing, inventory management, and supply chain operations. His strong background in supplier management, cost optimization, and leading cross-functional teams will be a tremendous asset as they continue to strengthen… Read More…

Design

  • CSC LED: Why Blue Light at Night Is a Problem & How Amber Optics Solve It

    CSC LED: Why Blue Light at Night Is a Problem & How Amber Optics Solve It

    Outdoor lighting plays a critical role in safety, visibility, and security—but not all light is created equal. In recent years, increased awareness around blue-rich white light has raised important questions about its impact on human health, wildlife, and the night sky. As municipalities, designers, and property owners look for better solutions, Amber Optics are becoming… Read More…

  • RENO Lighting Highlights Rittal Canada Lighting Project

    RENO Lighting Highlights Rittal Canada Lighting Project

    It’s great to see projects grow from one phase to the next! RENO Lighting has partnered with Rittal Canada to supply lighting for their new office and warehouse. As the renovation continues, they are proud to showcase the next step in their transformation. From industrial environments to modern workplaces, each phase requires thoughtful lighting design… Read More…

New Products

  • NEXLEDS: 3CCT Post Top Light – NX-3PT-150W-X-DV-A-Y

    NEXLEDS: 3CCT Post Top Light – NX-3PT-150W-X-DV-A-Y

    NEXLEDS provides an efficient and adaptable lighting solution with the 3CCT Post Top Light. This fixture offers high luminous efficacy, IP65, as well as power tunable and CCT switchable options, granting enhanced visibility, security and safety in exterior spaces. The 3CCT Post Top luminaire is ideal for applications such as parking lots, walkways, campuses, and… Read More…

  • Dals: Boulevard Architectural Linear Collection

    Dals: Boulevard Architectural Linear Collection

    Dals Boulevard is more than a fixture, it’s a complete architectural system. A single, disciplined line of light moves effortlessly from ceiling to wall, from interior to exterior, creating continuity across every space it touches. One system, expressed four ways, unified by proportion, performance, and purpose. Available in standard 120V or multi-voltage configurations (120, 277,… Read More…