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Light-Emitting Diode (LED) Market size is set to grow by USD 219.8 million from 2024-2028, Growing adoption of energy-efficient lighting technologies boost the market, Technavio

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NEW YORK, July 9, 2024 /PRNewswire/ — The global light-emitting diode (LED) market is estimated to grow by USD 219.8 million from 2024 to 2028, at a CAGR of 18.52%, according to Technavio. The market growth is driven by the growing adoption of energy-efficient lighting technologies, with a trend towards intelligent lighting systems. However, the high average cost per fixture poses a challenge. Key market players include Acuity Brands Inc., ams OSRAM AG, and Samsung Electronics Co. Ltd. The target market for LED lights includes residential, commercial, industrial, and outdoor applications.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Light-Emitting Diode (LED) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 18.52%

Market growth 2024-2028

USD 219.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

15.16

Regional analysis

APAC, Europe, North America, South America,
and Middle East and Africa

Performing market contribution

APAC at 51%

Key countries

US, Taiwan, Japan, UK, and Germany

Key companies profiled

Acuity Brands Inc., ams OSRAM AG, Bridgelux
Inc., Dialight Plc, Eaton Corp. Plc, Ennostar Inc.,
EVERLIGHT ELECTRONICS CO. LTD., General
Electric Co., GrowRay Lighting Technologies,
Havells India Ltd., LITE ON Technology Corp.,
Lumileds Holding BV, Nichia Corp., Samsung
Electronics Co. Ltd., Seoul Semiconductor Co.
Ltd., Sharp Corp., Signify NV, SMART Global
Holdings Inc., Toyoda Gosei Co. Ltd., and
Zumtobel Group AG

Market Driver

The digital revolution is transforming the lighting industry with the adoption of intelligent lighting systems and controls. Energy efficiency and cost savings are key drivers for businesses seeking to upgrade their lighting. Intelligent LED fixtures incorporate occupancy and daylight sensors, automatically adjusting artificial lighting based on natural daylight. Wireless controls enable easy adjustment of lighting settings. In industrial and outdoor applications, long-lasting LEDs withstand harsh conditions and offer energy savings. LEDs integrated with sensors and controls optimize energy usage and provide valuable data for energy analysis and maintenance. The increasing demand for these advanced lighting solutions will fuel market growth during the forecast period. 

The LED market is thriving in the lighting technology sector, with LED lighting becoming increasingly popular due to its energy efficiency and longer lifespan compared to traditional bulbs. LED technology is not just limited to lighting but also used extensively in display backlighting applications, such as TVs and computer monitors. LED products, including LED bulbs, fixtures, panels, screens, signage, and street lights, offer cost-effective financial savings in the long run. Backlighting, a key application of LED technology, is a trending area with its use in ceiling lights, LED drivers, and LED grow lights. The LED value chain includes LED chips and components, which are environment-friendly and free from harmful substances like mercury. The production cost of LED products is decreasing, making them more accessible to businesses and consumers. LED technology’s energy efficiency and cost savings have led to its widespread adoption in various industries, including advertising, horticulture, and outdoor lighting. Despite the initial investment, the financial savings and environmental benefits make LED lighting a sound business decision. 

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Market Challenges

The LED market faces challenges due to the higher initial costs for consumers, which include the expense of LED fixtures and installation labor. In older homes, the need for electrical system renovations increases these costs. Additionally, the adoption of smart lighting solutions involves extra expenses for IoT infrastructure. Price variations among manufacturers for smart lighting products further hinder market growth. Despite declining Average Selling Prices (ASPs) for LED lighting products, these factors impede widespread adoption.The LED market is thriving, with LED lighting leading the charge as the new energy-efficient alternative to traditional incandescent light sources. LED bulbs and fixtures offer numerous benefits, including longer lifespan, energy savings, and versatility in applications. From LED displays and signage to LED panels and screens, the industry is innovating at a rapid pace. LED technology is used in various sectors, including street lights, grow lights, floodlights, tubes, downlights, headlights, and more. LED manufacturers and suppliers are investing heavily in research and development to improve production, materials, components, and controllers. The LED market trends reflect a shift towards sustainable and cost-effective lighting solutions, making it an exciting space for businesses and consumers alike.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This light-emitting diode (led) market report extensively covers market segmentation by  

Product 1.1 Luminaires1.2 LampsApplication 2.1 General lighting2.2 Automotive lighting2.3 Backlight2.4 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Luminaires-  The Light-Emitting Diode (LED) market is experiencing significant growth due to its energy efficiency and long lifespan. LED lights consume less power than traditional bulbs, making them cost-effective for businesses. Additionally, LED technology offers various color options and can be used in various applications, from indoor lighting to outdoor signs. Companies are investing in LED technology to reduce energy costs and enhance their brand image through visually appealing lighting solutions.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The LED market encompasses various applications of Light-Emitting Diodes (LEDs), including LED lighting, energy-efficient bulbs and fixtures, LED displays, signage, strips, and backlighting. LED technology offers numerous advantages such as energy efficiency, long lifespan, and versatility. It is increasingly being adopted for innovative uses like LED grow lights, floodlights, tubes, and advanced solutions for backlighting, engineering, and design. Ongoing research and developments in LED production, materials, modules, and engineering continue to expand its applications and benefits. LED innovations include improvements in color rendering, dimming capabilities, and smart connectivity, making it a preferred choice for various industries and consumers.

Market Research Overview

The Light-Emitting Diode (LED) market refers to the global industry dedicated to the production, development, and application of LED technology for various lighting and display purposes. LED lighting is a revolutionary energy-efficient alternative to traditional incandescent light sources, using semiconductor materials to emit light directly from electrical energy. LED technology is utilized in various applications, including LED bulbs, fixtures, displays, signage, street lights, strips, backlighting, grow lights, floodlights, tubes, downlights, headlights, and more. LED innovations offer numerous benefits, such as cost-effectiveness, longer lifespan, and environment-friendly production, as they do not contain mercury like traditional bulbs. LED market trends reflect the continuous advancements in LED technology, including improvements in efficiency, design, engineering, and production processes. The LED industry is a dynamic and innovative sector, with ongoing research and development efforts to expand its applications and offer financial savings to consumers.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductLuminairesLampsApplicationGeneral LightingAutomotive LightingBacklightOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Innoscience’s current products are not affected by both rulings of the Munich Regional Court

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MUNICH, June 18, 2026 /PRNewswire/ — Innoscience today announced that the Munich Regional Court has just issued a pair of rulings, from which it could be confirmed that Innoscience’s currently marketed gallium nitride (“GaN”) power device products fall outside the scope of Infineon’s asserted German patents and may be commercialized in Germany without restriction.

These rulings are fully consistent with the final determination issued last month by the U.S. International Trade Commission (“ITC”), which found that Innoscience’s current products do not infringe Infineon’s asserted U.S. patent relating to packaging design (U.S. Patent No. 9,899,481). The Munich case concerns the German counterparts of that same patent family. In line with the ITC’s findings, the Munich Court found infringement only with respect to a limited set of legacy products—certain packaged 650–700V transistors—that had already been discontinued. Therefore, any injunction granted would not apply to Innoscience’s current product portfolio. As a result, there is no impact on Innoscience’s ongoing operations or its customers’ use of its products in Germany.

The decisions mark another significant milestone in Innoscience’s string of favorable outcomes across major jurisdictions. They follow the company’s recent success in China, where it secured an injunction and damages award against Infineon, as well as its decisive victory at the ITC in the United States last month. Together, these rulings reaffirm the legality of Innoscience’s current product portfolio and its ability to operate freely in key global markets.

While proceedings in Germany remain ongoing, including Innoscience’s invalidity challenges to the asserted German patent, the growing body of decisions across China, the United States, and Germany underscores that the global litigation campaign initiated by Infineon has not altered the competitive position of Innoscience’s core products. To the contrary, independent judicial findings across multiple jurisdictions have consistently validated the robustness of Innoscience’s technology and reinforced market confidence in the company’s product compliance and innovation capabilities.

Innoscience remains committed to advancing its technology leadership and expanding its global footprint, delivering cutting-edge GaN solutions to customers worldwide in a fair and competitive marketplace.

View original content:https://www.prnewswire.com/news-releases/innosciences-current-products-are-not-affected-by-both-rulings-of-the-munich-regional-court-302805093.html

SOURCE InnoScience

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NetZoom Announces Data Center Infrastructure Management Solution for Higher Education Institutions

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NetZoom® is a robust DCIM for managing College and University data centers, campus infrastructure and smart classrooms

CHICAGO, June 18, 2026 /PRNewswire-PRWeb/ — NetZoom offers an intuitive Data Center Infrastructure Management (DCIM) solution designed to help colleges and universities document, visualize, and manage the infrastructure supporting campus IT services, research computing, smart classrooms, and distributed data center environments.

NetZoom helps colleges and universities establish a reliable source of truth, improve operational planning, and support critical infrastructure without adding unnecessary burden to IT and facilities teams.

Higher education institutions often manage infrastructure spread across data centers, MDF/IDF closets, labs, classrooms, and multiple campus locations while supporting digital learning, campus connectivity, research workloads, and administrative systems. These environments require accurate asset management, reliable connectivity documentation, capacity planning, and operational visibility across IT and facilities.

Common infrastructure management challenges in higher education include:

Lack of a single source of truth for asset managementDistributed assets across the entire campusLimited space, power, cooling, and budget resources as digital learning, research computing, and campus IT services continue to expandMaintaining uptime and resiliency for critical academic, research, and administrative systems

“Higher education institutions are managing increasingly complex data center environments that support students, faculty, research, and campus-wide digital services,” said Uriel Campos, General Manager at NetZoom, Inc. “To manage these environments effectively, teams need clear visibility into their assets, connectivity, capacity, power, and cooling. NetZoom helps colleges and universities establish a reliable source of truth, improve operational planning, and support critical infrastructure without adding unnecessary burden to IT and facilities teams.”

NetZoom also supports IT and facilities teams by centralizing asset, connectivity, capacity, power, cooling, and change management data in a visual DCIM platform. By bringing these functions together, institutions can improve resource planning, reduce reliance on manual tracking, identify capacity constraints, and better understand the impact of infrastructure changes.

NetZoom’s DCIM solution offers significant benefits to higher education institutions including:

Campus-wide infrastructure visibility: Helps IT and facilities teams maintain a centralized view of assets across data centers, MDF/IDF closets, labs, classrooms, and distributed campus locations.Improved planning for space, power, and cooling: Provides visibility into capacity utilization so institutions can better support growing digital learning, research computing, and administrative systems.Reduced reliance on manual tracking: Centralizes asset, connectivity, capacity, and change management data to help reduce spreadsheet dependency, duplicate records, and inconsistent documentation.Operational support for limited IT resources: Helps streamline day-to-day infrastructure management, giving campus teams better access to the information needed to plan changes, troubleshoot issues, and manage equipment lifecycles.Scalable support for evolving campus technology: Allows institutions to start with core DCIM functions and expand into areas such as monitoring, reporting, service management, integrations, and advanced capacity planning as their needs grow.

Availability

NetZoom DCIM for Higher Education is immediately available in both SaaS and On-Premises deployments. For demonstrations, POCs, pricing and deployment options, contact NetZoom at 630-281-6464, email Sales@NetZoom.com or visit NetZoom.com

About NetZoom

Founded in 1995, NetZoom, Inc. is an Illinois corporation with headquarters in the Chicago area. NetZoom offers a flexible and powerful application that integrates with on-premise, virtual and cloud resources and many third-party tools like ServiceNow® to create a complete DCIM solution for data center professionals worldwide to effectively model, manage, monitor and maximize IT and Facility infrastructure.

For more information, visit NetZoom.com

NetZoom is a registered trademark of NetZoom, Inc. All other marks and names are trademarks of their respective companies.

Media Contact

Marketing Department, NetZoom, Inc., 1 630-281-6464, Marketing@NetZoom.com, https://NetZoom.com

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SOURCE NetZoom, Inc.

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NOVVA Group acquires 120 MWp Philippines solar project, anchoring its AI-era power platform in Southeast Asia

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HONG KONG, June 19, 2026 /PRNewswire/ — NOVVA Group (“Novva”), a global AI-enabling energy infrastructure platform, announced today that it has signed a definitive agreement to acquire 100% of San Jose Solar Power Plant (“SJSP”), a utility-scale solar PV project in Bukidnon, Mindanao, from Mabuhay Power Holdings Corporation. The acquisition marks Novva’s first investment in the Philippines and a critical milestone in its strategy to build a scalable, bankable power platform across Southeast Asia.

SJSP is a 120 MWp greenfield solar project located in Barangay San Jose, in the Municipality of Quezon, Bukidnon. Once operational, it is expected to generate over 200 GWh of clean electricity per year. Construction is scheduled to begin in Q1 2027, with commercial operation targeted for 2028.

The transaction comes amid an unprecedented surge in Asian power demand, driven by the rapid expansion of artificial intelligence, cloud computing, and digital infrastructure. With energy availability emerging as the primary constraint on sustained economic growth, resilient power infrastructure has become vital. The project also advances the Philippines’ goal of a 35% renewable energy share by 2030, channelling clean capacity into one of Southeast Asia’s fastest-growing digital economies.

Steven Liu, Founder and CEO of Novva, said: “Power availability has become one of the defining constraints on future growth. With SJSP, we are securing the strategic infrastructure needed to support the next wave of industrial and digital development. By combining disciplined execution with long-term partnerships, Novva is building a reliable clean energy foundation to power the future of Southeast Asia.”

SJSP will integrate directly into Novva’s regional platform, which combines renewable generation, flexible power solutions, energy storage, grid connectivity and infrastructure financing capabilities. Novva remains committed to scaling clean energy capacity to sustain the next generation of hyperscale data centres and digital economies.

About Novva
Novva (NOVVA Group Pte. Ltd.) is a global AI-enabling energy infrastructure platform that originates, finances, builds, and operates bankable clean energy assets across Southeast Asia and Latin America. As digital transformation drives an unprecedented increase in global electricity demand, Novva scales its clean power capabilities to build the reliable energy foundation for the AI era and beyond.
www.novvaglobal.com

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SOURCE NOVVA Group

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