Global LED Tube Light Market to Grow at 8.75% During 2025-2033, Propelled by Inflating Electricity Prices

November 19, 2024 | Electronics and Semiconductors

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According to the latest report by IMARC Group, titled “LED Tube Light Market Report by Tube Type (T5, T8, T12, and Others), Application (Residential, Office, Industrial, Hospitality, and Others), and Region 2025-2033,” the global LED tube light market reached a value of USD 4.6 Billion in 2024. A light-emitting diode (LED) tube light is a type of energy-efficient and affordable lighting system. As a result, it is rapidly replacing its traditional counterparts, such as fluorescent tube lights used in residential and commercial buildings. While fluorescent tube lights tend to burn out faster when integrated with occupancy sensors and other controls; LED tube lights work perfectly well with control systems. In recent years, LED tube lights have gained traction on account of their longer life span ranging from 50,000 to 100,000 hours, which helps in minimizing the need to re-lamp frequently.

Global LED Tube Light Market Trends:

The shifting consumer preferences from compact fluorescent lights (CFLs) toward LED tube lights due to the inflating electricity prices represent the primary factor driving the global market. Additionally, the launch of several government policies and awareness campaigns for energy conservation and environmental protection is promoting the adoption of LED tube lights. Besides this, several leading manufacturers are also introducing advanced product variants and heavily investing in marketing these products, thus contributing to the market growth. Besides this, since LED tube lights offer enhanced controls, better ambiance lighting and reduced maintenance costs, their demand is escalating from the corporate sector. Furthermore, these lights are widely utilized in general lighting, mobile devices, automobiles, street lighting, signal and signage and healthcare, thereby propelling the market growth. Looking forward, the market value is projected to reach USD 10.1 Billion by 2033, expanding at a CAGR of 8.75% during 2025-2033.

Market Summary:

Based on the tube type, the market has been segmented into T5, T8, T12 and others.
On the basis of the application, the market has been classified into residential, office, industrial, hospitality, and others.
Region-wise, the market has been divided into Asia Pacific (China, Japan, India, and others), Europe (Germany, the United Kingdom, France, Spain, and others), North America (the United States and Canada), Latin America (Mexico, Brazil and others), and the Middle East and Africa.
The competitive landscape of the market has also been analyzed, 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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Tube Type, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, United Kingdom, France, Spain, China, Japan, India, Mexico, Brazil
Companies Covered	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
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global LED Tube Light Market to Grow at 8.75% During 2025-2033, Propelled by Inflating Electricity Prices

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