According to the latest TrendForce report, 2026 Global LED Lighting Market Trend- Database and Player Strategies (2H26), the global LED lighting market remains in a near-term adjustment phase, weighed down by sluggish macroeconomic recovery, geopolitical conflict, and conservative corporate capital expenditure. Growth momentum across the three core markets -Europe, the U.S., and China - remains limited. That said, global energy-efficiency regulations, energy-saving retrofits, and net-zero (ESG) targets are pushing lighting vendors to move away from traditional price-based competition and toward higher-value segments such as smart lighting and specialized professional applications, driving industry-wide shift from "volume expansion" to "product structure and application value upgrading." TrendForce forecasts the global LED general lighting market will reach USD 60.942 billion by 2030, representing a 2025–2030 CAGR of 2.6%.

1. Upgrade Momentum Intact for LED General Lighting; Emerging Markets Show Growth Vitality
In the near term, the three core markets — Europe, the U.S., and China — continue to be held back by weak commercial real estate activity and subdued capital spending, limiting recovery. Japan, by contrast, is poised to see LED replacement demand released, supported by office space renovation, industrial applications, and the country's full ban on fluorescent lighting scheduled for the end of 2027. Emerging markets such as Southeast Asia and Latin America offer stronger long-term potential, benefiting from infrastructure expansion and manufacturing relocation. As price competition eases and demand for smart lighting and energy-saving retrofits builds, the market is expected to return to stable growth. TrendForce forecasts the global LED general lighting market will reach US$60.942 billion by 2030, a 2025–2030 CAGR of 2.6%.

By application, outdoor sports lighting demand is heating up on the back of new stadium construction and smart upgrades. Commercial lighting growth is being driven mainly by professional settings such as education, healthcare, and retail, lifting demand for high-CRI and smart dimming systems. Industrial lighting continues to see steady demand, supported by manufacturing capacity expansion, logistics automation, and data center construction. As energy-efficiency policies and ESG decarbonization targets continue to advance globally, demand for professional lighting is expected to keep growing, outperforming general consumer lighting products.

2. Smart Lighting Accelerates, with Industrial Applications Leading Growth
Smart lighting is emerging as the core engine driving value upgrades across industry. Integration of IoT, smart buildings, carbon management, and AI-based dimming technologies accelerating the shift of lighting products from standalone light sources toward integrated light, control, and data-based solutions.

TrendForce notes that competitive logic in the market has extended beyond traditional specifications like luminous efficacy to encompass circadian rhythm support, scene-based experience, energy management, and system integration capability. Vendors with strong software-hardware integration, ecosystem collaboration, and application-scenario expertise are expected to gain a competitive edge in the next phase of smart lighting market competition.

TrendForce forecasts the global smart LED lighting market will reach USD 21.387 billion by 2030, a 2025–2030 CAGR of 13.2%. Within this, industrial smart lighting -driven by automation and AI computing center construction - is set to be the fastest-growing segment across all major application areas.

3. Controlled-Environment Agriculture Moves Upmarket; Greenhouse Demand Remains the Core Driver
Driven by food security concerns and extreme climate challenges, horticultural lighting continues to advance toward higher efficacy, precision spectral control, and smart lighting management. TrendForce forecasts the global horticultural lighting market will reach US$1.827 billion by 2030, a 2025–2030 CAGR of 6.0%. Within this, the Greenhouse segment remains the largest application, accounting for over 60% of total market value.

Regionally, in Europe and North America, energy cost pressures continue to drive accelerated replacement of existing HPS fixtures with LED as the core growth driver, while Asia and the Middle East are led primarily by demand for new modern greenhouse construction. On the technology front, the integration of multi-channel dynamic dimming with UVC surface-sterilization modules is gradually being adopted in mid-to-high-end products, driving the upgrade of smart agricultural lighting solutions.

4. Leading Brands Focus on "Specialization"; Competition Shifts Toward Lighting Systems and Platform Development
Slowing global lighting demand is putting pressure on revenue growth among major lighting vendors, though performance across individual companies is increasingly diverging. According to TrendForce, combined revenue among the world's top 20 lighting vendors reached approximately USD 23.425 billion in 2025, with Signify, Acuity, Panasonic, LEDVANCE, and Zumtobel holding steady as the top five vendors.

As scale advantages diminish, a "specialization" strategy — focusing on high-barrier niche segments such as explosion-proof industrial lighting, marine lighting, offshore energy lighting, defense/military lighting, and emergency lighting — is proving more resilient and profitable.

From a competitive strategy standpoint, leading lighting vendors are reducing their reliance on pure product sales, instead leveraging AIoT ecosystem integration to enhance product value through smart controls, lighting system integration, energy management, and specialized application solutions. At the same time, some vendors are actively pursuing platform-based product design, SKU consolidation, and modular solutions to reduce production and supply chain complexity, comprehensively reshaping product lifecycle value, and pushing further into smart buildings, energy-efficiency retrofits, and high-end professional lighting markets to boost systems-based revenue and high-value-added projects.

5. Price Competition in the Lighting LED Packaging Market Converges; High-Value Products Drive Structural Upgrade
As LED efficacy continues to improve and product standardization increases, the lighting LED packaging market continues to face significant pricing pressure, squeezing packaging vendors' profit margins. In terms of product mix, mid-power packages such as 2835 LEDs remain the mainstream choice for general lighting, supported by demand for luminaires and lamp products. Meanwhile, low-power packages are gradually being displaced by mid-to-high-power solutions, continuing to reshape the market structure. Overall, the lighting LED packaging market is shifting away from low-cost, high-volume standardized products toward mid-to-high-power, high-efficacy, and application-specific customized packages.

Following sustained price competition and capacity consolidation, market supply-demand dynamics are gradually improving, and the decline in average selling prices (ASP) for lighting LED packaging products has notably narrowed. TrendForce forecasts that, supported by a rebound in upstream material costs and rising penetration of higher-spec products, the global lighting LED packaging market will steadily recover to USD 3.642 billion by 2030.

On the product upgrade front, penetration of high-value products -including high efficacy, high CRI (90+), full-spectrum, and tunable color temperature-continues to rise. Within this, the CRI 91–95 segment is projected to post a 2025-2030 CAGR of 6.8%.

TrendForce provides in-depth insights into global LED lighting industry trends, covering market size, pricing, and regional distribution across general, smart, and horticultural lighting segments, along with analysis of developments in the LED packaging sector. The report tracks revenue and strategies of the top 20 manufacturers, examines the competitive positioning of leading players such as Signify, Acuity, Panasonic, LEDVANCE, and Opple, and outlines trends and price movements in seven major luminaire categories, supported by monthly segmented markets analysis.

Author: Christine / TrendForce

TrendForce 2026 Global LED Lighting Market Trend- Database and Player Strategies-2H26
1. Database and Player Strategies
Release Date: 12 February 2026 / 14 August 2026
Format: PDF and Excel
Language: Traditional Chinese / English
2. LED Lighting Market Monthly Report-Segment Application and Product Analysis
Release Date: 20th of Every Month
Format: PDF
Language: Traditional Chinese / English

【EXCEL】2026 Global LED Lighting Market Trend- Database
PART 1 Introduction
1.1 Market Research Methodology
1.2 Global Economics (GDP)
1.3 Exchange Rates
PART 2 General Lighting Market Forecast (2026-2030)
2.1 General LED Lighting Market Scale-Demand Market Value & Volume & ASP-by Product
2.2 General LED Lighting Market Scale-Demand Market Value-by Category-Lamps & Luminaries
2.3 General LED Lighting Market Scale-Demand Market Value-by Region
2.4 General LED Lighting Market Scale-Demand Market Value & Volume-by Product & by Region
2.5 General LED Lighting Market Scale-Demand Market Value-by Application
2.6 General LED Lighting Penetration Rate (Installed Based Volume)
2.7 General Lighting LED Market-Value & Volume-by Application
2.8 General Lighting LED Market-Value & Volume & ASP-by Power
2.9 General Lighting LED Market-Value & Volume & ASP-by Package Type
2.10 General Lighting LED Market-Value-by CCT
2.11 General Lighting LED Market-Value & Volume-by CRI
2.12 General Lighting LED Price
PART 3 Smart Lighting Market Forecast (2026-2030)
3.1 Smart LED Lighting Market Scale-Demand Market Value-by Application
3.2 Smart LED Lighting Market Scale-Demand Market Value-by Region
PART 4 Agricultural Lighting Market Forecast (2026-2030)
4.1 Horticultural LED Lighting Market Scale-Demand Market Value-by Application
4.2 Horticultural LED Lighting Market Scale-Demand Market Value-by Region
4.3 Agricultural Lighting LED Market-Value & Volume-by Chip Type
4.4 Agricultural Lighting LED Market-Value & Volume-by Power
4.5 Agricultural Lighting LED Price
4.6 Horticultural Lighting LED Player Revenue Ranking (2024-2025)
PART 5 Lighting Player Revenue Ranking and Estimated
5.1 Top 20 Lighting Player Revenue (2024-2026E)
5.2 Top 10 Lighting Player Revenue Ranking by Application (2024-2026E)
5.3 Lighting LED Player Revenue Ranking (2024-2025)
PART 6 LED Lighting Product Specification and Price
6.1 Product & Price- Filament Lamp-by Region
6.2 Product & Price- Street Light-by Region
6.3 Product & Price- Panel Light-by Region
6.4 Product & Price- Troffer-by Region
6.5 Product & Price- High/Low Bay-by Region
6.6 Product & Price- Explosion Proof Light-by Region
6.7 Product & Price- Horticultural Light- by Application

【PDF】1. Global LED Lighting Market Trend- Player Strategies
Chapter I Global LED Horticultural Lighting Trend

• 2026-2030 Global LED Horticultural Lighting Market Size- By Application
• Analysis on Regional Market of LED Horticultural Lighting- Americas
• Analysis on Regional Market of LED Horticultural Lighting- EMEA
• Analysis on Regional Market of LED Horticultural Lighting- APAC
• LED Horticultural Lighting Manufacturer Landscape

Chapter II Lighting Player Revenue and Market Strategies Analysis

• 2024-2026(E) Top 20 Lighting Player Revenue Ranking: Total Lighting
• 2024-2026(E) Top 20 Lighting Player Revenue Ranking: LED Lighting
• Lighting Player Revenue and Product Strategies
  • Signify
  • Zumtobel
  • Fagerhult
  • Acuity
  • Current
  • Panasonic
  • Endo Lighting
• Chinese Lighting Player Revenue and Product Strategies
  • LEDVANCE / MLS
  • Opple Lighting
  • NVC Lighting
  • Foshan Lighting
  • Yankon Group

【PDF】2. LED Lighting Market Monthly Report-Segment Application and Product Analysis

• Foreword
• TrendForce’s Perspective
• Market Overview and Feature Analysis
• Product Types and Application Scenario Analysis
• Mainstream Product Specifications and LED Requirement Analysis
• Manufacturer Dynamics and Competitive Landscape Analysis