According to a recent market study published by Growth Market Reports, titled, “Global Light Engine Market by Product Type, by Installation Type, by Power Capacity, by End Use, by Sales Channel, and by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$  74,118.5 million in 2031 and is anticipated to expand at a growth rate of 14.1% in the forecasted period 2022-2031.

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A light engine is a complete lighting system that incorporates the necessary components for generating light. It typically consists of a light-emitting diode (LED) or a solid-state lighting module, along with associated components such as a driver, heat sink, optics, and control electronics. The LED or solid-state lighting module is the core element of the light engine.

It contains multiple LED chips or a single LED chip that emits light when an electrical current passes through it. A driver is an essential component of the light engine, as it regulates the electrical current and voltage supplied to the LED module. A heat sink is responsible for dissipating the heat generated by the LED module. Optics, such as lenses or reflectors, are often included in the light engine to control the direction and distribution of light emitted by the LED module. Control electronics enable dimming, color tuning, or other advanced lighting control features.


The global Light Engine market has been segmented in terms of by Product Type, by Installation Type, by Power Capacity, by End Use, and By Sales Channel. In terms of product type, the Global Light Engine Market is segmented into Lamp and Luminaire. Based on Installation Type, the Market is segmented into New Installation and Retrofit Installation.

On the basis of Power Capacity, the market is fragmented into Up-to 5 W, 5 - 10 W, 10 - 15 W, and Above 15 W. Based on End Use, the market is divided into Indoor Lighting and Outdoor Lighting. On the basis of the Sales Channel, the market is fragmented into Retail, Wholesaler, and Distributor. Considering regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


The COVID-19 pandemic has affected the demand for Light Engines due to disruptions in the supply chain, the shutdown of manufacturing plants, changes in consumer behavior, and a decrease in economic activities in some parts of the world. The COVID-19 pandemic had a negative impact on the Global Light Engine Market, with market growth dwindling negatively.

The pandemic has had a significant impact on the manufacture of Light Engine, with disruptions in the supply chain, reduced demand, and changes in the manufacturing process. The pandemic has caused disruptions in the transportation of non-OEM parts, which has led to delays in the production process.

Key Takeaways from the Study

  • Players in the global Light Engine market ACUITY BRANDS, INC., Bajaj Electricals Ltd, Fulham Inc., Fusion Optix, Havells India Ltd., Hubbell Incorporated, Leedarson IoT Technology Inc., Cree Lighting Europe S.p.A., Maxlite, Inc., Wipro Enterprises, Suzhou Opple Lighting Co., Ltd., Crystal IS, Inc., OSRAM Licht Group, Signify Holding, Zumtobel Group, MLS CO,LTD. These players held a major share of the global Light Engine market in 2022.

  • Consumer preferences shifting toward energy-efficient and environmentally friendly lighting systems further boost the market growth. The adoption of connected and smart lighting systems, driven by IoT integration and other technological innovations, fuels the demand for Light Engines. Increasing applications of LEDs in the automotive and industrial sectors, coupled with supportive government initiatives promoting energy efficiency, contribute to the expansion of the Light Engine market.

  • Industries such as food and beverage, pharmaceuticals, electronics, and semiconductors require oil-free compressed air for their operations to maintain product quality and prevent contamination. Light Engines provide oil-free, clean, and reliable compressed air, making them a preferred choice in these industries.

  • Advancements in LED technology, coupled with a global push toward energy conservation, creates a favorable environment for innovation and investment. The increasing adoption of smart city projects worldwide has also accelerated the demand for intelligent and interconnected lighting systems, further boosting market potential.

  • Based on product type, the global light engine market is segmented into lamp and luminaire. The luminaire and lighting system control components segment is predominantly driven by new installations. New installations are linked to increasing construction activities, with a high correlation with GDP. The lamp segment is mainly driven by replacements. The growth of this segment depends almost solely on the number of installed sockets and the lifetime of the technologies in place.

  • Based on installation type, the global light engine market is segmented into new installation and retrofit installation. In new installations, the light engine is typically selected based on the specific lighting requirements and the desired features of the lighting system. The light engine is integrated into the lighting fixture during the manufacturing process. Retrofit installation in the light engine refers to the process of upgrading existing lighting fixtures with LED light engines.

  • Based on power capacity, the global light engine market is segmented into up-to 5W, 5 - 10W, 10 - 15W, and above 15W. Power capacity of a light engine refers to the maximum power rating or wattage that the light engine is able to handle. Low power light engines (up to 5W) are designed for applications that require low power consumption and have power capacities up to 5 watts. Medium power light engines (5W-10W) have power capacities ranging from 5 watts to 10 watts. High power light engines (10W-15W) have power capacities ranging from 10 watts to 15 watts. Very high-power light engines (more than 15W) include light engines with power capacities exceeding 15 watts.

  • Based on end use, the global light engine market is segmented into indoor lighting and outdoor lighting. Furthermore, the indoor light segment is divided into three sub-segments, namely residential, industrial, and commercial. The outdoor lighting segment is further divided into three sub-segments, namely highways, architectural lighting, and other outdoor commercial spaces. In the indoor lighting segment, light engines offer several advantages in various applications. Light engines in indoor lighting provide energy efficiency, long lifespans, reduced maintenance needs, and design flexibility.

  • Based on sales channel, the global light engine market is segmented into Retail, Wholesaler, and Distributor. the retail segment is subdivided into online and offline based on mode of sales. The online segment is further divided in third party e-commerce platforms and company websites. While the offline segment is further divide in specialty stores and hyper markets/super markets. Wholesalers are entities or businesses that operate in the supply chain between manufacturers and retailers or other customers. Distributor facilitates the distribution and sales of light engines from manufacturers to retailers, contractors, and other end-users.

  • Based on region, the global light engine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America increasing smart homes adoption and technological penetration are driving the light engine market in the region. Europe region have strong emphasis on renewable energy, such as solar power, in the region drives the demand for light engine to support the integration of luminaries on the highways.

Report Scope

Report Metric

Details

Market Value in 2022

US$ 22,577.2 Million

Market Growth Rate (from 2022 to 2031)

14.1%

Historical Data

2016 - 2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (US$ Million)

Market Segments

By Product Type, By Installation Type, By Power Capacity, By End Use, By Sales Channel, and By Region

Key Companies Profiled

ACUITY BRANDS, INC., Bajaj Electricals Ltd, Fulham Inc., Fusion Optix, Havells India Ltd., Hubbell Incorporated, Leedarson IoT Technology Inc., Cree Lighting Europe S.p.A., Maxlite, Inc., Wipro Enterprises, Suzhou Opple Lighting Co., Ltd., Crystal IS, Inc., OSRAM Licht Group, Signify Holding, Zumtobel Group, MLS CO,LTD.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

 

Target Audience

  • Supply-side: Vendor, Manufacturer, Distributors, Supplier, Retailer.

  • Regulatory Side: Concerned government authorities, and other approved regulatory bodies.