A new report from TrendForce titled "2026 Global LED Lighting Market Trends - Data Database and Vendor Strategies - 2H26" indicates that the global LED lighting market is currently in a period of adjustment. This is due to a sluggish macroeconomic recovery, geopolitical factors, and conservative corporate capital expenditure, which have limited growth momentum in the three core markets of Europe, the Americas, and China. However, driven by global energy efficiency regulations, energy-saving retrofits, and net-zero emission (ESG) goals, lighting manufacturers are accelerating their shift away from traditional price competition. They are actively pursuing high-value-added areas such as smart lighting and specialized professional applications, moving the industry from "quantitative expansion" to "product structure and application value upgrades."

The organization estimates that by 2030, the global LED general lighting market size could reach $60.942 billion, with a compound annual growth rate (CAGR) of 2.6% from 2025 to 2030.

Long-Term Upgrade Momentum for LED General Lighting Remains Strong, with Emerging Markets Showing Growth Potential

In the short term, the three core markets of Europe, the Americas, and China remain affected by weak commercial real estate and low capital expenditure, limiting their recovery. In contrast, Japan is expected to see a release of LED replacement demand, benefiting from office space renovations, industrial applications, and a policy to completely ban fluorescent lamps by the end of 2027. Emerging markets like Southeast Asia and Latin America show higher long-term potential, driven by infrastructure expansion and manufacturing relocation. As price competition eases and demand for smart lighting and energy-saving retrofits grows, the market is expected to regain stable growth. TrendForce projects the global LED general lighting market will reach $60.942 billion by 2030, with a CAGR of 2.6% from 2025 to 2030.

From an application perspective, outdoor sports lighting is seeing increased demand due to new stadium construction and smart retrofits. Commercial lighting, particularly in professional settings like education, healthcare, and retail centers, is a key growth driver, boosting demand for high-color-rendering and intelligent dimming systems. Industrial lighting maintains steady demand, supported by manufacturing expansion, logistics automation, and data center construction. As national energy efficiency policies and ESG carbon reduction targets continue to advance, professional lighting demand is expected to maintain growth, outperforming general consumer lighting products.

Smart Lighting Experiences Rapid Growth, with Industrial Applications Leading the Way

Smart lighting is becoming a core engine driving the value upgrade of the industry. The integration of the Internet of Things (IoT), smart buildings, carbon emission management, and AI-based dimming technology is accelerating the shift of lighting products from simple light sources to comprehensive solutions incorporating light, control, and data systems. TrendForce analyzes that the logic of market competition has shifted from traditional parameters like luminous efficacy to encompass circadian rhythms, scene experiences, energy management, and system integration capabilities. Therefore, manufacturers with strong hardware and software integration, ecosystem collaboration capabilities, and an understanding of scenario-based applications will gain a competitive advantage in the next phase of the smart lighting market. TrendForce estimates that the global smart LED lighting market will reach $21.387 billion by 2030, with a CAGR of 13.2% from 2025 to 2030. Driven by automation and AI computing center construction, industrial smart lighting is the fastest-growing segment among major application areas.

High-Quality Upgrade in Facility Agriculture, with Greenhouse Demand as a Core Driver

Driven by food security concerns and extreme climate challenges, plant lighting continues to evolve towards high luminous efficacy, precise spectra, and intelligent control. TrendForce estimates that the global plant lighting market will reach $1.827 billion by 2030, with a CAGR of 6.0% from 2025 to 2030. Greenhouses are the largest application segment, accounting for over 60% of production value. Regionally, Europe and North America are primarily driven by the accelerated replacement of existing high-pressure sodium (HPS) lamps with LEDs under energy cost pressure. Asia and the Middle East are mainly focused on new greenhouse construction demand. On the technology front, the integration of multi-channel dynamic dimming and UVC surface sterilization modules is gradually being introduced into mid-to-high-end products, promoting the upgrade of smart agricultural lighting solutions.

Leading Brands Focus on "Specialization Models," with Competition Shifting to Lighting Systems and Platforms

The slowdown in global lighting demand has put pressure on the overall revenue growth of large lighting manufacturers, though performance varies significantly between companies. According to TrendForce statistics, the total revenue of the world's top 20 lighting manufacturers in 2025 reached $23.425 billion. Signify, Acuity, Panasonic, LEDVANCE, and Zumtobel remain in the top five. As the scale effect diminishes, a "specialization model" focused on high-barrier niche segments like industrial explosion-proof, marine, offshore energy, defense, and emergency lighting has shown greater resilience and profitability. In terms of competitive strategy, leading lighting companies are gradually reducing their reliance on pure product sales. They are enhancing product value by integrating AIoT ecosystems with smart controls, lighting system integration, energy management, and professional application solutions. Additionally, some companies are actively reducing production and supply chain complexity through platform-based product design, SKU consolidation, and modular solutions. They are comprehensively reshaping product lifecycle value by entering smart building, energy-saving retrofit, and high-end professional lighting markets to increase system-based revenue and high-value-added projects.

Price Competition in the Lighting LED Packaging Market Eases, with High-Value-Added Products Driving Structural Upgrades

As LED efficacy continues to improve and product standardization increases, the lighting LED packaging market still faces significant price competition pressure, squeezing the profit margins of packaging manufacturers. In terms of product structure, mid-power packages like 2835 LEDs remain mainstream for general lighting, supported by demand for luminaires and bulbs. Meanwhile, low-power packages are gradually being replaced by mid-to-high-power solutions, leading to a continuous market structure adjustment. Overall, the lighting LED packaging market is shifting from low-cost, high-volume standardized products to mid-to-high-power, high-efficiency, and customized application packages. After sustained price competition and capacity reshuffling, market supply and demand are gradually improving, and the average selling price (ASP) decline for lighting LED packages has significantly narrowed. TrendForce estimates that as upstream material costs recover and high-specification product penetration increases, the global lighting LED packaging market will steadily recover to $3.642 billion by 2030. In terms of product upgrades, the penetration rate of high-value products such as high luminous efficacy, high color rendering index (CRI above 90), full spectrum, and adjustable color temperature continues to rise. The market value for the CRI 91 to 95 segment is expected to grow at a CAGR of 6.8% from 2025 to 2030.