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LED Modules and Light Engines-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 Modules and Light Engines market size is expected to reach US$ 7213.9 million by 2029, growing at a CAGR of 3.7% from 2023 to 2029. The market is mainly driven by the significant applications of LED Modules and Light Engines in various end use industries. The expanding demands from the Residential, Commercial, Industrial and Others, are propelling LED Modules and Light Engines market. LED Modules, 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 LED Engines segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for LED Modules and Light Engines market, driven by demand from China, the second largest economy with some signs of stabilising, the LED Modules and Light Engines 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 Modules and Light Engines, 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 Modules and Light Engines 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 Modules and Light Engines market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, LED Modules and Light Engines 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 Modules and Light Engines covered in this report include Signify/Philips Lighting, OSRAM Licht Group, Tridonic/Zumtobel Group, MaxLite, Hubbell, Fusion Optix, LEDVANCE, Panasonic and Rayconn, etc.
The global LED Modules and Light Engines market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Signify/Philips Lighting
OSRAM Licht Group
Tridonic/Zumtobel Group
MaxLite
Hubbell
Fusion Optix
LEDVANCE
Panasonic
Rayconn
Global LED Modules and Light Engines 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 Modules and Light Engines market, Segment by Type:
LED Modules
LED Engines
Global LED Modules and Light Engines 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 Modules and Light Engines manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of LED Modules and Light Engines 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 Modules and Light Engines market size is expected to reach US$ 7213.9 million by 2029, growing at a CAGR of 3.7% from 2023 to 2029. The market is mainly driven by the significant applications of LED Modules and Light Engines in various end use industries. The expanding demands from the Residential, Commercial, Industrial and Others, are propelling LED Modules and Light Engines market. LED Modules, 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 LED Engines segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for LED Modules and Light Engines market, driven by demand from China, the second largest economy with some signs of stabilising, the LED Modules and Light Engines 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 Modules and Light Engines, 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 Modules and Light Engines 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 Modules and Light Engines market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, LED Modules and Light Engines 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 Modules and Light Engines covered in this report include Signify/Philips Lighting, OSRAM Licht Group, Tridonic/Zumtobel Group, MaxLite, Hubbell, Fusion Optix, LEDVANCE, Panasonic and Rayconn, etc.
The global LED Modules and Light Engines market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Signify/Philips Lighting
OSRAM Licht Group
Tridonic/Zumtobel Group
MaxLite
Hubbell
Fusion Optix
LEDVANCE
Panasonic
Rayconn
Global LED Modules and Light Engines 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 Modules and Light Engines market, Segment by Type:
LED Modules
LED Engines
Global LED Modules and Light Engines 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 Modules and Light Engines manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of LED Modules and Light Engines 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 Modules and Light Engines Market Overview
1.1 LED Modules and Light Engines Product Overview
1.2 LED Modules and Light Engines Market Segment by Type
1.2.1 LED Modules
1.2.2 LED Engines
1.3 Global LED Modules and Light Engines Market Size by Type
1.3.1 Global LED Modules and Light Engines Market Size Overview by Type (2018-2029)
1.3.2 Global LED Modules and Light Engines Historic Market Size Review by Type (2018-2023)
1.3.3 Global LED Modules and Light Engines Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America LED Modules and Light Engines Sales Breakdown by Type (2018-2023)
1.4.2 Europe LED Modules and Light Engines Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific LED Modules and Light Engines Sales Breakdown by Type (2018-2023)
1.4.4 Latin America LED Modules and Light Engines Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa LED Modules and Light Engines Sales Breakdown by Type (2018-2023)
2 Global LED Modules and Light Engines Market Competition by Company
2.1 Global Top Players by LED Modules and Light Engines Sales (2018-2023)
2.2 Global Top Players by LED Modules and Light Engines Revenue (2018-2023)
2.3 Global Top Players by LED Modules and Light Engines Price (2018-2023)
2.4 Global Top Manufacturers LED Modules and Light Engines Manufacturing Base Distribution, Sales Area, Product Type
2.5 LED Modules and Light Engines Market Competitive Situation and Trends
2.5.1 LED Modules and Light Engines Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by LED Modules and Light Engines 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 Modules and Light Engines as of 2022)
2.7 Date of Key Manufacturers Enter into LED Modules and Light Engines Market
2.8 Key Manufacturers LED Modules and Light Engines Product Offered
2.9 Mergers & Acquisitions, Expansion
3 LED Modules and Light Engines Status and Outlook by Region
3.1 Global LED Modules and Light Engines Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global LED Modules and Light Engines Historic Market Size by Region
3.2.1 Global LED Modules and Light Engines Sales in Volume by Region (2018-2023)
3.2.2 Global LED Modules and Light Engines Sales in Value by Region (2018-2023)
3.2.3 Global LED Modules and Light Engines Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global LED Modules and Light Engines Forecasted Market Size by Region
3.3.1 Global LED Modules and Light Engines Sales in Volume by Region (2024-2029)
3.3.2 Global LED Modules and Light Engines Sales in Value by Region (2024-2029)
3.3.3 Global LED Modules and Light Engines Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global LED Modules and Light Engines by Application
4.1 LED Modules and Light Engines Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.1.3 Industrial
4.1.4 Others
4.2 Global LED Modules and Light Engines Market Size by Application
4.2.1 Global LED Modules and Light Engines Market Size Overview by Application (2018-2029)
4.2.2 Global LED Modules and Light Engines Historic Market Size Review by Application (2018-2023)
4.2.3 Global LED Modules and Light Engines Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America LED Modules and Light Engines Sales Breakdown by Application (2018-2023)
4.3.2 Europe LED Modules and Light Engines Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific LED Modules and Light Engines Sales Breakdown by Application (2018-2023)
4.3.4 Latin America LED Modules and Light Engines Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa LED Modules and Light Engines Sales Breakdown by Application (2018-2023)
5 North America LED Modules and Light Engines by Country
5.1 North America LED Modules and Light Engines Historic Market Size by Country
5.1.1 North America LED Modules and Light Engines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America LED Modules and Light Engines Sales in Volume by Country (2018-2023)
5.1.3 North America LED Modules and Light Engines Sales in Value by Country (2018-2023)
5.2 North America LED Modules and Light Engines Forecasted Market Size by Country
5.2.1 North America LED Modules and Light Engines Sales in Volume by Country (2024-2029)
5.2.2 North America LED Modules and Light Engines Sales in Value by Country (2024-2029)
6 Europe LED Modules and Light Engines by Country
6.1 Europe LED Modules and Light Engines Historic Market Size by Country
6.1.1 Europe LED Modules and Light Engines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe LED Modules and Light Engines Sales in Volume by Country (2018-2023)
6.1.3 Europe LED Modules and Light Engines Sales in Value by Country (2018-2023)
6.2 Europe LED Modules and Light Engines Forecasted Market Size by Country
6.2.1 Europe LED Modules and Light Engines Sales in Volume by Country (2024-2029)
6.2.2 Europe LED Modules and Light Engines Sales in Value by Country (2024-2029)
7 Asia-Pacific LED Modules and Light Engines by Region
7.1 Asia-Pacific LED Modules and Light Engines Historic Market Size by Region
7.1.1 Asia-Pacific LED Modules and Light Engines Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific LED Modules and Light Engines Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific LED Modules and Light Engines Sales in Value by Region (2018-2023)
7.2 Asia-Pacific LED Modules and Light Engines Forecasted Market Size by Region
7.2.1 Asia-Pacific LED Modules and Light Engines Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific LED Modules and Light Engines Sales in Value by Region (2024-2029)
8 Latin America LED Modules and Light Engines by Country
8.1 Latin America LED Modules and Light Engines Historic Market Size by Country
8.1.1 Latin America LED Modules and Light Engines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America LED Modules and Light Engines Sales in Volume by Country (2018-2023)
8.1.3 Latin America LED Modules and Light Engines Sales in Value by Country (2018-2023)
8.2 Latin America LED Modules and Light Engines Forecasted Market Size by Country
8.2.1 Latin America LED Modules and Light Engines Sales in Volume by Country (2024-2029)
8.2.2 Latin America LED Modules and Light Engines Sales in Value by Country (2024-2029)
9 Middle East and Africa LED Modules and Light Engines by Country
9.1 Middle East and Africa LED Modules and Light Engines Historic Market Size by Country
9.1.1 Middle East and Africa LED Modules and Light Engines Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa LED Modules and Light Engines Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa LED Modules and Light Engines Sales in Value by Country (2018-2023)
9.2 Middle East and Africa LED Modules and Light Engines Forecasted Market Size by Country
9.2.1 Middle East and Africa LED Modules and Light Engines Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa LED Modules and Light Engines Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Signify/Philips Lighting
10.1.1 Signify/Philips Lighting Company Information
10.1.2 Signify/Philips Lighting Introduction and Business Overview
10.1.3 Signify/Philips Lighting LED Modules and Light Engines Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Signify/Philips Lighting LED Modules and Light Engines Products Offered
10.1.5 Signify/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 Modules and Light Engines Sales, Revenue and Gross Margin (2018-2023)
10.2.4 OSRAM Licht Group LED Modules and Light Engines Products Offered
10.2.5 OSRAM Licht Group Recent Development
10.3 Tridonic/Zumtobel Group
10.3.1 Tridonic/Zumtobel Group Company Information
10.3.2 Tridonic/Zumtobel Group Introduction and Business Overview
10.3.3 Tridonic/Zumtobel Group LED Modules and Light Engines Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Tridonic/Zumtobel Group LED Modules and Light Engines Products Offered
10.3.5 Tridonic/Zumtobel Group Recent Development
10.4 MaxLite
10.4.1 MaxLite Company Information
10.4.2 MaxLite Introduction and Business Overview
10.4.3 MaxLite LED Modules and Light Engines Sales, Revenue and Gross Margin (2018-2023)
10.4.4 MaxLite LED Modules and Light Engines Products Offered
10.4.5 MaxLite Recent Development
10.5 Hubbell
10.5.1 Hubbell Company Information
10.5.2 Hubbell Introduction and Business Overview
10.5.3 Hubbell LED Modules and Light Engines Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Hubbell LED Modules and Light Engines Products Offered
10.5.5 Hubbell Recent Development
10.6 Fusion Optix
10.6.1 Fusion Optix Company Information
10.6.2 Fusion Optix Introduction and Business Overview
10.6.3 Fusion Optix LED Modules and Light Engines Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Fusion Optix LED Modules and Light Engines Products Offered
10.6.5 Fusion Optix Recent Development
10.7 LEDVANCE
10.7.1 LEDVANCE Company Information
10.7.2 LEDVANCE Introduction and Business Overview
10.7.3 LEDVANCE LED Modules and Light Engines Sales, Revenue and Gross Margin (2018-2023)
10.7.4 LEDVANCE LED Modules and Light Engines Products Offered
10.7.5 LEDVANCE Recent Development
10.8 Panasonic
10.8.1 Panasonic Company Information
10.8.2 Panasonic Introduction and Business Overview
10.8.3 Panasonic LED Modules and Light Engines Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Panasonic LED Modules and Light Engines Products Offered
10.8.5 Panasonic Recent Development
10.9 Rayconn
10.9.1 Rayconn Company Information
10.9.2 Rayconn Introduction and Business Overview
10.9.3 Rayconn LED Modules and Light Engines Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Rayconn LED Modules and Light Engines Products Offered
10.9.5 Rayconn Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 LED Modules and Light Engines 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 Modules and Light Engines Industrial Chain Analysis
11.4 LED Modules and Light Engines Market Dynamics
11.4.1 LED Modules and Light Engines Industry Trends
11.4.2 LED Modules and Light Engines Market Drivers
11.4.3 LED Modules and Light Engines Market Challenges
11.4.4 LED Modules and Light Engines Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 LED Modules and Light Engines Distributors
12.3 LED Modules and Light Engines 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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