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LED Tube Light Market Report by Tube Type (T5, T8, T12, and Others), Application (Residential, Office, Industrial, Hospitality, and Others), and Region 2024-2032
Market Report I 2024-04-08 I 137 Pages I IMARC Group
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.
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 2024-2032. Our report has categorized the market based on tube type and application.
Breakup by Tube Type:
T5
T8
T12
Others
Breakup by Application:
Residential
Office
Industrial
Hospitality
Others
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
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 and Zumtobel Group.
Key Questions Answered in This Report
1. What was the size of the global LED tube light market in 2023?
2. What is the expected growth rate of the global LED tube light market during 2024-2032?
3. What are the key factors driving the global LED tube light market?
4. What has been the impact of COVID-19 on the global LED tube light market?
5. What is the breakup of the global LED tube light market based on the tube type?
6. What is the breakup of the global LED tube light market based on the application?
7. What are the key regions in the global LED tube light market?
8. Who are the key players/companies in the global LED tube light market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global LED Tube Light Industry
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Tube Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Procurement of Components
5.9.2 LED Tube Light Manufacturers
5.9.3 Marketing and Product Distribution
5.9.4 End Users
5.10 Porter's Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Key Success and Risk Factors for LED Tube Light Manufacturers
5.12 Comparative Analysis of CFL and LED
5.13 Price Analysis
5.13.1 Key Price Indicators
5.13.2 Price Structure
6 Market Breakup by Tube Type
6.1 T5
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 T8
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 T12
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Application
7.1 Residential
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Office
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Industrial
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Hospitality
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 Asia Pacific
8.1.1 China
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Japan
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.1.3 India
8.1.3.1 Market Trends
8.1.3.2 Market Forecast
8.1.4 Others
8.1.4.1 Market Trends
8.1.4.2 Market Forecast
8.2 Europe
8.2.1 Germany
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 United Kingdom
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 France
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 Spain
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Others
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.3 North America
8.3.1 United States
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 Canada
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.4 Latin America
8.4.1 Mexico
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Brazil
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Forecast
9 LED Tube light Manufacturing Process
9.1 Product Overview and Specifications
9.2 Key Features and Advantages
9.3 Key Application Areas
9.3.1 Offices and Conference Rooms
9.3.2 Showrooms and Malls
9.3.3 Homes, Departmental Stores and Boutiques
9.3.4 Warehouses and Parking Houses
9.3.5 Hospitals and Laboratories
9.4 Popular Types
9.4.1 LED Tube Light (Direct Fit)
9.4.2 LED Tube Light (Internal Driver)
9.4.3 LED Tube Light (External Driver)
9.5 Design Material Alternatives
9.5.1 Thermoplastic Housing
9.5.2 Extruded Aluminium Housing
9.5.3 Extruded Glass Housing
9.6 Manufacturing Process
9.7 Raw Material Requirements
9.8 Raw Material Pictures
10 Project Details, Requirements and Costs Involved
10.1 Land Requirements and Expenditures
10.2 Construction Requirements and Expenditures
10.3 Plant Machinery
10.4 Machinery Pictures
10.5 Raw Material Requirements and Expenditures
10.6 Raw Material and Final Product Pictures
10.7 Packaging Requirements and Expenditures
10.8 Transportation Requirements and Expenditures
10.9 Utility Requirements and Expenditures
10.10 Manpower Requirements and Expenditures
10.11 Other Capital Investments
11 Loans and Financial Assistance
12 Project Economics
12.1 Capital Cost of the Project
12.2 Techno-Economic Parameters
12.3 Product Pricing and Margins Across Various Levels of the Supply Chain
12.4 Taxation and Depreciation
12.5 Income Projections
12.6 Expenditure Projections
12.7 Financial Analysis
12.8 Profit Analysis
13 Competitive Landscape
13.3.1 Acuity Brands Inc.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Eaton Corporation PLC
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Foshan Electrical and Lighting Co. Ltd.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.4 Iris Ohyama Inc.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Koninklijke Philips N.V.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 LEDVANCE GmbH (MLS Co. Ltd.)
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Opple Lighting
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8 Panasonic Life Solutions India Pvt. Ltd. (Panasonic Corporation)
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Savant Technologies LLC
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Toggled (Altair Engineering Inc.)
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 Yankon Lighting
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.12 Zumtobel Group
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
13.3.12.4 SWOT Analysis
Figure 1: Global: LED Tube Light Market: Major Drivers and Challenges
Figure 2: Global: LED Tube Light Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: LED Tube Light Market: Breakup by Tube Type (in %), 2023
Figure 4: Global: LED Tube Light Market: Breakup by Application (in %), 2023
Figure 5: Global: LED Tube Light Market: Breakup by Region (in %), 2023
Figure 6: Global: LED Tube Light Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 7: Global: LED Tube Light Industry: SWOT Analysis
Figure 8: Global: LED Tube Light Industry: Value Chain Analysis
Figure 9: Global: LED Tube Light Industry: Porter's Five Forces Analysis
Figure 10: LED Tube Light Industry: Operating Cost Breakup (in %)
Figure 11: Global: LED Tube Light (T5) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: LED Tube Light (T5) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: LED Tube Light (T8) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: LED Tube Light (T8) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: LED Tube Light (T12) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: LED Tube Light (T12) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: LED Tube Light (Others) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: LED Tube Light (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: LED Tube Light (Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: LED Tube Light (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: LED Tube Light (Office) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: LED Tube Light (Office) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: LED Tube Light (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: LED Tube Light (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: LED Tube Light (Hospitality) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: LED Tube Light (Hospitality) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: LED Tube Light (Others) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: LED Tube Light (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Asia Pacific: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Asia Pacific: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: China: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: China: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: India: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: India: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Japan: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Japan: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Rest of Asia Pacific: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Rest of Asia Pacific: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Europe: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Europe: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Germany: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Germany: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: United Kingdom: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: United Kingdom: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: France: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: France: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Spain: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Spain: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Rest of Europe: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Rest of Europe: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: North America: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: North America: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: United States: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: United States: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Canada: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Canada: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Latin America: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Latin America: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Mexico: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Mexico: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Brazil: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Brazil: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Rest of Latin America: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Rest of Latin America: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Middle East and Africa: LED Tube Light Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Middle East and Africa: LED Tube Light Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: LED Tube Light Manufacturing: Various Types of Units Operation Involved
Figure 68: LED Tube Light Manufacturing: Various Types of Units Operation Involved
Figure 69: LED Tube Light Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 70: LED Tube Light Industry: Margins Across Various Stages of the Supply Chain
Figure 71: LED Tube Light Manufacturing Plant: Breakup of Operating Costs (in %)
Table 1: Global: LED Tube Light Market: Key Industry Highlights, 2023 and 2032
Table 2: Comparison of LEDs with Incandescent Bulb and Compact Fluorescent Lamps (Based on Energy Efficiency and Environmental Impact)
Table 3: Comparison of LEDs with Incandescent Bulb and Compact Fluorescent Lamps (Based on Luminous Flux)
Table 4: LED Tube Light Industry: Price Indicators
Table 5: Global: LED Tube Light Market Forecast: Breakup by Tube Type (in Million US$), 2024-2032
Table 6: Global: LED Tube Light Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 7: Global: LED Tube Light Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: LED Tube Light Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: LED Tube Light Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: LED Tube Light Manufacturing Plant: Costs Related to Plant Machinery (in US$)
Table 11: LED Tube Light Manufacturing Plant: Raw Material Requirements and Expenditures
Table 12: LED Tube Light Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 13: LED Tube Light Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Details of Financial Assistance Offered by Financial Institutions in India
Table 15: LED Tube Light Manufacturing Plant: Capital Costs (in US$)
Table 16: LED Tube Light Manufacturing Plant: Techno-Economic Parameters
Table 17: LED Tube Light Manufacturing Plant: Taxation (in US$/Year)
Table 18: LED Tube Light Manufacturing Plant: Depreciation (in US$/Year)
Table 19: LED Tube Light Manufacturing Plant: Income Projections (in US$)
Table 20: LED Tube Light Manufacturing Plant: Expenditure Projections (in US$)
Table 21: LED Tube Light Manufacturing Plant: Cash Flow Analysis Without Considering the Taxes
Table 22: LED Tube Light Manufacturing Plant: Cash Flow Analysis on Considering the Tax Liability
Table 23: LED Tube Light Manufacturing Plant: Profit and Loss Account (in US$)
Table 24: Global: LED Tube Light Market: Competitive Structure
Table 25: Global: LED Tube Light Market: Key Players
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