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LED Tube Lights-Global Market Insights and Sales Trends 2024
Synopsis
An LED Tube Light is a light-emitting diode (LED) product which is assembled into a Tube Light for use in lighting fixtures. LED Tube Lights have a lifespan and electrical efficiency which are several times greater than incandescent Tube Lights, and are significantly more efficient than most fluorescent Tube Lights, with some chips able to emit more than 300 lumens per watt.
The global LED Tube Lights market size is expected to reach US$ 13770 million by 2029, growing at a CAGR of 10.0% from 2023 to 2029. The market is mainly driven by the significant applications of LED Tube Lights in various end use industries. The expanding demands from the Commerical Use and Residential Use, are propelling LED Tube Lights market. T5, 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 T8 segment is estimated at % CAGR for the next seven-year period.
North America is the largest LED Tube Lights market with about 26% market share. Europe is follower, accounting for about 23% market share.The key manufacturers are Philips Lighting, Lendvance, GE Lighting, Panasonic, Opple, Toshiba, NVC (ETI), Sharp, Cree, Yankon Lighting, Shanghai Feilo Acoustics, FSL, PAK, MLS, Dongguan Kingsun Optoelectronic etc. Top 3 companies occupied about 30% market share.
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 Tube Lights, 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 Tube Lights 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 Tube Lights market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, LED Tube Lights 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 Tube Lights covered in this report include Philips Lighting, Lendvance, GE Lighting, Panasonic, Opple, Toshiba, NVC (ETI), Sharp and Cree, etc.
The global LED Tube Lights 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
Lendvance
GE Lighting
Panasonic
Opple
Toshiba
NVC (ETI)
Sharp
Cree
Yankon Lighting
Shanghai Feilo Acoustics
FSL
PAK
MLS
Dongguan Kingsun Optoelectronic
Global LED Tube Lights 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 Tube Lights market, Segment by Type:
T5
T8
Others
Global LED Tube Lights market, by Application
Commerical Use
Residential Use
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 Tube Lights manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of LED Tube Lights 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.
An LED Tube Light is a light-emitting diode (LED) product which is assembled into a Tube Light for use in lighting fixtures. LED Tube Lights have a lifespan and electrical efficiency which are several times greater than incandescent Tube Lights, and are significantly more efficient than most fluorescent Tube Lights, with some chips able to emit more than 300 lumens per watt.
The global LED Tube Lights market size is expected to reach US$ 13770 million by 2029, growing at a CAGR of 10.0% from 2023 to 2029. The market is mainly driven by the significant applications of LED Tube Lights in various end use industries. The expanding demands from the Commerical Use and Residential Use, are propelling LED Tube Lights market. T5, 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 T8 segment is estimated at % CAGR for the next seven-year period.
North America is the largest LED Tube Lights market with about 26% market share. Europe is follower, accounting for about 23% market share.The key manufacturers are Philips Lighting, Lendvance, GE Lighting, Panasonic, Opple, Toshiba, NVC (ETI), Sharp, Cree, Yankon Lighting, Shanghai Feilo Acoustics, FSL, PAK, MLS, Dongguan Kingsun Optoelectronic etc. Top 3 companies occupied about 30% market share.
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 Tube Lights, 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 Tube Lights 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 Tube Lights market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, LED Tube Lights 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 Tube Lights covered in this report include Philips Lighting, Lendvance, GE Lighting, Panasonic, Opple, Toshiba, NVC (ETI), Sharp and Cree, etc.
The global LED Tube Lights 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
Lendvance
GE Lighting
Panasonic
Opple
Toshiba
NVC (ETI)
Sharp
Cree
Yankon Lighting
Shanghai Feilo Acoustics
FSL
PAK
MLS
Dongguan Kingsun Optoelectronic
Global LED Tube Lights 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 Tube Lights market, Segment by Type:
T5
T8
Others
Global LED Tube Lights market, by Application
Commerical Use
Residential Use
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 Tube Lights manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of LED Tube Lights 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 Tube Lights Market Overview
1.1 LED Tube Lights Product Overview
1.2 LED Tube Lights Market Segment by Type
1.2.1 T5
1.2.2 T8
1.2.3 Others
1.3 Global LED Tube Lights Market Size by Type
1.3.1 Global LED Tube Lights Market Size Overview by Type (2018-2029)
1.3.2 Global LED Tube Lights Historic Market Size Review by Type (2018-2023)
1.3.3 Global LED Tube Lights Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America LED Tube Lights Sales Breakdown by Type (2018-2023)
1.4.2 Europe LED Tube Lights Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific LED Tube Lights Sales Breakdown by Type (2018-2023)
1.4.4 Latin America LED Tube Lights Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa LED Tube Lights Sales Breakdown by Type (2018-2023)
2 Global LED Tube Lights Market Competition by Company
2.1 Global Top Players by LED Tube Lights Sales (2018-2023)
2.2 Global Top Players by LED Tube Lights Revenue (2018-2023)
2.3 Global Top Players by LED Tube Lights Price (2018-2023)
2.4 Global Top Manufacturers LED Tube Lights Manufacturing Base Distribution, Sales Area, Product Type
2.5 LED Tube Lights Market Competitive Situation and Trends
2.5.1 LED Tube Lights Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by LED Tube Lights 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 Tube Lights as of 2022)
2.7 Date of Key Manufacturers Enter into LED Tube Lights Market
2.8 Key Manufacturers LED Tube Lights Product Offered
2.9 Mergers & Acquisitions, Expansion
3 LED Tube Lights Status and Outlook by Region
3.1 Global LED Tube Lights Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global LED Tube Lights Historic Market Size by Region
3.2.1 Global LED Tube Lights Sales in Volume by Region (2018-2023)
3.2.2 Global LED Tube Lights Sales in Value by Region (2018-2023)
3.2.3 Global LED Tube Lights Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global LED Tube Lights Forecasted Market Size by Region
3.3.1 Global LED Tube Lights Sales in Volume by Region (2024-2029)
3.3.2 Global LED Tube Lights Sales in Value by Region (2024-2029)
3.3.3 Global LED Tube Lights Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global LED Tube Lights by Application
4.1 LED Tube Lights Market Segment by Application
4.1.1 Commerical Use
4.1.2 Residential Use
4.2 Global LED Tube Lights Market Size by Application
4.2.1 Global LED Tube Lights Market Size Overview by Application (2018-2029)
4.2.2 Global LED Tube Lights Historic Market Size Review by Application (2018-2023)
4.2.3 Global LED Tube Lights Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America LED Tube Lights Sales Breakdown by Application (2018-2023)
4.3.2 Europe LED Tube Lights Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific LED Tube Lights Sales Breakdown by Application (2018-2023)
4.3.4 Latin America LED Tube Lights Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa LED Tube Lights Sales Breakdown by Application (2018-2023)
5 North America LED Tube Lights by Country
5.1 North America LED Tube Lights Historic Market Size by Country
5.1.1 North America LED Tube Lights Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America LED Tube Lights Sales in Volume by Country (2018-2023)
5.1.3 North America LED Tube Lights Sales in Value by Country (2018-2023)
5.2 North America LED Tube Lights Forecasted Market Size by Country
5.2.1 North America LED Tube Lights Sales in Volume by Country (2024-2029)
5.2.2 North America LED Tube Lights Sales in Value by Country (2024-2029)
6 Europe LED Tube Lights by Country
6.1 Europe LED Tube Lights Historic Market Size by Country
6.1.1 Europe LED Tube Lights Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe LED Tube Lights Sales in Volume by Country (2018-2023)
6.1.3 Europe LED Tube Lights Sales in Value by Country (2018-2023)
6.2 Europe LED Tube Lights Forecasted Market Size by Country
6.2.1 Europe LED Tube Lights Sales in Volume by Country (2024-2029)
6.2.2 Europe LED Tube Lights Sales in Value by Country (2024-2029)
7 Asia-Pacific LED Tube Lights by Region
7.1 Asia-Pacific LED Tube Lights Historic Market Size by Region
7.1.1 Asia-Pacific LED Tube Lights Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific LED Tube Lights Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific LED Tube Lights Sales in Value by Region (2018-2023)
7.2 Asia-Pacific LED Tube Lights Forecasted Market Size by Region
7.2.1 Asia-Pacific LED Tube Lights Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific LED Tube Lights Sales in Value by Region (2024-2029)
8 Latin America LED Tube Lights by Country
8.1 Latin America LED Tube Lights Historic Market Size by Country
8.1.1 Latin America LED Tube Lights Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America LED Tube Lights Sales in Volume by Country (2018-2023)
8.1.3 Latin America LED Tube Lights Sales in Value by Country (2018-2023)
8.2 Latin America LED Tube Lights Forecasted Market Size by Country
8.2.1 Latin America LED Tube Lights Sales in Volume by Country (2024-2029)
8.2.2 Latin America LED Tube Lights Sales in Value by Country (2024-2029)
9 Middle East and Africa LED Tube Lights by Country
9.1 Middle East and Africa LED Tube Lights Historic Market Size by Country
9.1.1 Middle East and Africa LED Tube Lights Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa LED Tube Lights Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa LED Tube Lights Sales in Value by Country (2018-2023)
9.2 Middle East and Africa LED Tube Lights Forecasted Market Size by Country
9.2.1 Middle East and Africa LED Tube Lights Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa LED Tube Lights 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 Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Philips Lighting LED Tube Lights Products Offered
10.1.5 Philips Lighting Recent Development
10.2 Lendvance
10.2.1 Lendvance Company Information
10.2.2 Lendvance Introduction and Business Overview
10.2.3 Lendvance LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Lendvance LED Tube Lights Products Offered
10.2.5 Lendvance Recent Development
10.3 GE Lighting
10.3.1 GE Lighting Company Information
10.3.2 GE Lighting Introduction and Business Overview
10.3.3 GE Lighting LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.3.4 GE Lighting LED Tube Lights Products Offered
10.3.5 GE Lighting Recent Development
10.4 Panasonic
10.4.1 Panasonic Company Information
10.4.2 Panasonic Introduction and Business Overview
10.4.3 Panasonic LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Panasonic LED Tube Lights Products Offered
10.4.5 Panasonic Recent Development
10.5 Opple
10.5.1 Opple Company Information
10.5.2 Opple Introduction and Business Overview
10.5.3 Opple LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Opple LED Tube Lights Products Offered
10.5.5 Opple Recent Development
10.6 Toshiba
10.6.1 Toshiba Company Information
10.6.2 Toshiba Introduction and Business Overview
10.6.3 Toshiba LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Toshiba LED Tube Lights Products Offered
10.6.5 Toshiba Recent Development
10.7 NVC (ETI)
10.7.1 NVC (ETI) Company Information
10.7.2 NVC (ETI) Introduction and Business Overview
10.7.3 NVC (ETI) LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.7.4 NVC (ETI) LED Tube Lights Products Offered
10.7.5 NVC (ETI) Recent Development
10.8 Sharp
10.8.1 Sharp Company Information
10.8.2 Sharp Introduction and Business Overview
10.8.3 Sharp LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Sharp LED Tube Lights Products Offered
10.8.5 Sharp Recent Development
10.9 Cree
10.9.1 Cree Company Information
10.9.2 Cree Introduction and Business Overview
10.9.3 Cree LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Cree LED Tube Lights Products Offered
10.9.5 Cree Recent Development
10.10 Yankon Lighting
10.10.1 Yankon Lighting Company Information
10.10.2 Yankon Lighting Introduction and Business Overview
10.10.3 Yankon Lighting LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Yankon Lighting LED Tube Lights Products Offered
10.10.5 Yankon Lighting Recent Development
10.11 Shanghai Feilo Acoustics
10.11.1 Shanghai Feilo Acoustics Company Information
10.11.2 Shanghai Feilo Acoustics Introduction and Business Overview
10.11.3 Shanghai Feilo Acoustics LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Shanghai Feilo Acoustics LED Tube Lights Products Offered
10.11.5 Shanghai Feilo Acoustics Recent Development
10.12 FSL
10.12.1 FSL Company Information
10.12.2 FSL Introduction and Business Overview
10.12.3 FSL LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.12.4 FSL LED Tube Lights Products Offered
10.12.5 FSL Recent Development
10.13 PAK
10.13.1 PAK Company Information
10.13.2 PAK Introduction and Business Overview
10.13.3 PAK LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.13.4 PAK LED Tube Lights Products Offered
10.13.5 PAK Recent Development
10.14 MLS
10.14.1 MLS Company Information
10.14.2 MLS Introduction and Business Overview
10.14.3 MLS LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.14.4 MLS LED Tube Lights Products Offered
10.14.5 MLS Recent Development
10.15 Dongguan Kingsun Optoelectronic
10.15.1 Dongguan Kingsun Optoelectronic Company Information
10.15.2 Dongguan Kingsun Optoelectronic Introduction and Business Overview
10.15.3 Dongguan Kingsun Optoelectronic LED Tube Lights Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Dongguan Kingsun Optoelectronic LED Tube Lights Products Offered
10.15.5 Dongguan Kingsun Optoelectronic Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 LED Tube Lights 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 Tube Lights Industrial Chain Analysis
11.4 LED Tube Lights Market Dynamics
11.4.1 LED Tube Lights Industry Trends
11.4.2 LED Tube Lights Market Drivers
11.4.3 LED Tube Lights Market Challenges
11.4.4 LED Tube Lights Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 LED Tube Lights Distributors
12.3 LED Tube Lights 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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