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LED Light Engine-Global Market Insights and Sales Trends 2025
Synopsis
A light engine is the LED equivalent of a conventional lamp. It normally consists of a LED chip mounted on a circuit board that has electrical and mechanical fixings, meaning it is ready to be fixed in the luminaire. Note that the light engine may not consist of only one chip; it may be an array of 9 or 16, sometimes with a phosphor coating.
The global LED Light Engine market size is expected to reach US$ 41970 million by 2029, growing at a CAGR of 9.2% from 2023 to 2029. The market is mainly driven by the significant applications of LED Light Engine in various end use industries. The expanding demands from the Residential, Commercial, Industrial and Others, are propelling LED Light Engine market. Flexible, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Rigid segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for LED Light Engine market, driven by demand from China, the second largest economy with some signs of stabilising, the LED Light Engine market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for LED Light Engine, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global LED Light Engine market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global LED Light Engine market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, LED Light Engine sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of LED Light Engine covered in this report include Philips Lighting, OSRAM Licht Group, Fulham, Tridonic, MaxLite, General Electric Company, Thomas Research Products, Fusion Optix and RS Components, etc.
The global LED Light Engine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Philips Lighting
OSRAM Licht Group
Fulham
Tridonic
MaxLite
General Electric Company
Thomas Research Products
Fusion Optix
RS Components
Zlight Technology
SORAA
Zhaga Consortium
Global LED Light Engine market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global LED Light Engine market, Segment by Type:
Flexible
Rigid
Global LED Light Engine market, by Application
Residential
Commercial
Industrial
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of LED Light Engine manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of LED Light Engine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A light engine is the LED equivalent of a conventional lamp. It normally consists of a LED chip mounted on a circuit board that has electrical and mechanical fixings, meaning it is ready to be fixed in the luminaire. Note that the light engine may not consist of only one chip; it may be an array of 9 or 16, sometimes with a phosphor coating.
The global LED Light Engine market size is expected to reach US$ 41970 million by 2029, growing at a CAGR of 9.2% from 2023 to 2029. The market is mainly driven by the significant applications of LED Light Engine in various end use industries. The expanding demands from the Residential, Commercial, Industrial and Others, are propelling LED Light Engine market. Flexible, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Rigid segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for LED Light Engine market, driven by demand from China, the second largest economy with some signs of stabilising, the LED Light Engine market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for LED Light Engine, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global LED Light Engine market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global LED Light Engine market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, LED Light Engine sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of LED Light Engine covered in this report include Philips Lighting, OSRAM Licht Group, Fulham, Tridonic, MaxLite, General Electric Company, Thomas Research Products, Fusion Optix and RS Components, etc.
The global LED Light Engine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Philips Lighting
OSRAM Licht Group
Fulham
Tridonic
MaxLite
General Electric Company
Thomas Research Products
Fusion Optix
RS Components
Zlight Technology
SORAA
Zhaga Consortium
Global LED Light Engine market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global LED Light Engine market, Segment by Type:
Flexible
Rigid
Global LED Light Engine market, by Application
Residential
Commercial
Industrial
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of LED Light Engine manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of LED Light Engine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 LED Light Engine Market Overview
1.1 LED Light Engine Product Overview
1.2 LED Light Engine Market Segment by Type
1.2.1 Flexible
1.2.2 Rigid
1.3 Global LED Light Engine Market Size by Type
1.3.1 Global LED Light Engine Market Size Overview by Type (2018-2029)
1.3.2 Global LED Light Engine Historic Market Size Review by Type (2018-2023)
1.3.3 Global LED Light Engine Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America LED Light Engine Sales Breakdown by Type (2018-2023)
1.4.2 Europe LED Light Engine Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific LED Light Engine Sales Breakdown by Type (2018-2023)
1.4.4 Latin America LED Light Engine Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa LED Light Engine Sales Breakdown by Type (2018-2023)
2 Global LED Light Engine Market Competition by Company
2.1 Global Top Players by LED Light Engine Sales (2018-2023)
2.2 Global Top Players by LED Light Engine Revenue (2018-2023)
2.3 Global Top Players by LED Light Engine Price (2018-2023)
2.4 Global Top Manufacturers LED Light Engine Manufacturing Base Distribution, Sales Area, Product Type
2.5 LED Light Engine Market Competitive Situation and Trends
2.5.1 LED Light Engine Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by LED Light Engine Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in LED Light Engine as of 2022)
2.7 Date of Key Manufacturers Enter into LED Light Engine Market
2.8 Key Manufacturers LED Light Engine Product Offered
2.9 Mergers & Acquisitions, Expansion
3 LED Light Engine Status and Outlook by Region
3.1 Global LED Light Engine Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global LED Light Engine Historic Market Size by Region
3.2.1 Global LED Light Engine Sales in Volume by Region (2018-2023)
3.2.2 Global LED Light Engine Sales in Value by Region (2018-2023)
3.2.3 Global LED Light Engine Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global LED Light Engine Forecasted Market Size by Region
3.3.1 Global LED Light Engine Sales in Volume by Region (2024-2029)
3.3.2 Global LED Light Engine Sales in Value by Region (2024-2029)
3.3.3 Global LED Light Engine Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global LED Light Engine by Application
4.1 LED Light Engine Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.1.3 Industrial
4.1.4 Others
4.2 Global LED Light Engine Market Size by Application
4.2.1 Global LED Light Engine Market Size Overview by Application (2018-2029)
4.2.2 Global LED Light Engine Historic Market Size Review by Application (2018-2023)
4.2.3 Global LED Light Engine Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America LED Light Engine Sales Breakdown by Application (2018-2023)
4.3.2 Europe LED Light Engine Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific LED Light Engine Sales Breakdown by Application (2018-2023)
4.3.4 Latin America LED Light Engine Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa LED Light Engine Sales Breakdown by Application (2018-2023)
5 North America LED Light Engine by Country
5.1 North America LED Light Engine Historic Market Size by Country
5.1.1 North America LED Light Engine Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America LED Light Engine Sales in Volume by Country (2018-2023)
5.1.3 North America LED Light Engine Sales in Value by Country (2018-2023)
5.2 North America LED Light Engine Forecasted Market Size by Country
5.2.1 North America LED Light Engine Sales in Volume by Country (2024-2029)
5.2.2 North America LED Light Engine Sales in Value by Country (2024-2029)
6 Europe LED Light Engine by Country
6.1 Europe LED Light Engine Historic Market Size by Country
6.1.1 Europe LED Light Engine Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe LED Light Engine Sales in Volume by Country (2018-2023)
6.1.3 Europe LED Light Engine Sales in Value by Country (2018-2023)
6.2 Europe LED Light Engine Forecasted Market Size by Country
6.2.1 Europe LED Light Engine Sales in Volume by Country (2024-2029)
6.2.2 Europe LED Light Engine Sales in Value by Country (2024-2029)
7 Asia-Pacific LED Light Engine by Region
7.1 Asia-Pacific LED Light Engine Historic Market Size by Region
7.1.1 Asia-Pacific LED Light Engine Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific LED Light Engine Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific LED Light Engine Sales in Value by Region (2018-2023)
7.2 Asia-Pacific LED Light Engine Forecasted Market Size by Region
7.2.1 Asia-Pacific LED Light Engine Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific LED Light Engine Sales in Value by Region (2024-2029)
8 Latin America LED Light Engine by Country
8.1 Latin America LED Light Engine Historic Market Size by Country
8.1.1 Latin America LED Light Engine Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America LED Light Engine Sales in Volume by Country (2018-2023)
8.1.3 Latin America LED Light Engine Sales in Value by Country (2018-2023)
8.2 Latin America LED Light Engine Forecasted Market Size by Country
8.2.1 Latin America LED Light Engine Sales in Volume by Country (2024-2029)
8.2.2 Latin America LED Light Engine Sales in Value by Country (2024-2029)
9 Middle East and Africa LED Light Engine by Country
9.1 Middle East and Africa LED Light Engine Historic Market Size by Country
9.1.1 Middle East and Africa LED Light Engine Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa LED Light Engine Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa LED Light Engine Sales in Value by Country (2018-2023)
9.2 Middle East and Africa LED Light Engine Forecasted Market Size by Country
9.2.1 Middle East and Africa LED Light Engine Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa LED Light Engine Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Philips Lighting
10.1.1 Philips Lighting Company Information
10.1.2 Philips Lighting Introduction and Business Overview
10.1.3 Philips Lighting LED Light Engine Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Philips Lighting LED Light Engine Products Offered
10.1.5 Philips Lighting Recent Development
10.2 OSRAM Licht Group
10.2.1 OSRAM Licht Group Company Information
10.2.2 OSRAM Licht Group Introduction and Business Overview
10.2.3 OSRAM Licht Group LED Light Engine Sales, Revenue and Gross Margin (2018-2023)
10.2.4 OSRAM Licht Group LED Light Engine Products Offered
10.2.5 OSRAM Licht Group Recent Development
10.3 Fulham
10.3.1 Fulham Company Information
10.3.2 Fulham Introduction and Business Overview
10.3.3 Fulham LED Light Engine Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Fulham LED Light Engine Products Offered
10.3.5 Fulham Recent Development
10.4 Tridonic
10.4.1 Tridonic Company Information
10.4.2 Tridonic Introduction and Business Overview
10.4.3 Tridonic LED Light Engine Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Tridonic LED Light Engine Products Offered
10.4.5 Tridonic Recent Development
10.5 MaxLite
10.5.1 MaxLite Company Information
10.5.2 MaxLite Introduction and Business Overview
10.5.3 MaxLite LED Light Engine Sales, Revenue and Gross Margin (2018-2023)
10.5.4 MaxLite LED Light Engine Products Offered
10.5.5 MaxLite Recent Development
10.6 General Electric Company
10.6.1 General Electric Company Company Information
10.6.2 General Electric Company Introduction and Business Overview
10.6.3 General Electric Company LED Light Engine Sales, Revenue and Gross Margin (2018-2023)
10.6.4 General Electric Company LED Light Engine Products Offered
10.6.5 General Electric Company Recent Development
10.7 Thomas Research Products
10.7.1 Thomas Research Products Company Information
10.7.2 Thomas Research Products Introduction and Business Overview
10.7.3 Thomas Research Products LED Light Engine Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Thomas Research Products LED Light Engine Products Offered
10.7.5 Thomas Research Products Recent Development
10.8 Fusion Optix
10.8.1 Fusion Optix Company Information
10.8.2 Fusion Optix Introduction and Business Overview
10.8.3 Fusion Optix LED Light Engine Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Fusion Optix LED Light Engine Products Offered
10.8.5 Fusion Optix Recent Development
10.9 RS Components
10.9.1 RS Components Company Information
10.9.2 RS Components Introduction and Business Overview
10.9.3 RS Components LED Light Engine Sales, Revenue and Gross Margin (2018-2023)
10.9.4 RS Components LED Light Engine Products Offered
10.9.5 RS Components Recent Development
10.10 Zlight Technology
10.10.1 Zlight Technology Company Information
10.10.2 Zlight Technology Introduction and Business Overview
10.10.3 Zlight Technology LED Light Engine Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Zlight Technology LED Light Engine Products Offered
10.10.5 Zlight Technology Recent Development
10.11 SORAA
10.11.1 SORAA Company Information
10.11.2 SORAA Introduction and Business Overview
10.11.3 SORAA LED Light Engine Sales, Revenue and Gross Margin (2018-2023)
10.11.4 SORAA LED Light Engine Products Offered
10.11.5 SORAA Recent Development
10.12 Zhaga Consortium
10.12.1 Zhaga Consortium Company Information
10.12.2 Zhaga Consortium Introduction and Business Overview
10.12.3 Zhaga Consortium LED Light Engine Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Zhaga Consortium LED Light Engine Products Offered
10.12.5 Zhaga Consortium Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 LED Light Engine Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 LED Light Engine Industrial Chain Analysis
11.4 LED Light Engine Market Dynamics
11.4.1 LED Light Engine Industry Trends
11.4.2 LED Light Engine Market Drivers
11.4.3 LED Light Engine Market Challenges
11.4.4 LED Light Engine Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 LED Light Engine Distributors
12.3 LED Light Engine Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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