How Big is the LED Panel Market | Value, Demand & Future Trends 2025

Code: MTA7666 Publication Date: Aug 2025

What is the size of LED Panel Market?

According to 6Wresearch internal database and industry insights, the LED Panel Market was estimated at USD 16.99 billion in 2024 and is anticipated to reach USD 31 billion by 2031, expanding at a CAGR of 9.4% during the forecast period 2025–2031.

Due to several factors which include the rising demand for energy-efficient indoor lighting, increasing adoption in commercial and residential buildings, and advancements in smart lighting technologies, the LED Panel market is predicted to grow in the coming years.

Key Growth Drivers of the LED Panel Market

  • Surging demand for low-energy, long-lasting lighting systems
  • Government regulations promoting sustainable lighting solutions
  • Increasing use of LED panels in modern commercial spaces and homes
  • Rising integration of smart controls and dimming features in LED panels
  • Advancements in ultra-slim, edge-lit, and back-lit panel designs

LED Panel Market Trends

LED panel market is moving forward with emerging trends such as emphasizing focus on architectural and aesthetic lighting in corporate offices, malls, and homes. Trends such as smart LED panels with features like motion sensors, remote dimming, and integration with IoT platforms are gaining popularity. Excluding these, the shift is rising towards the modular panel systems and tuneable white lighting to support circadian lighting design for improved wellness and productivity.

Emerging Developments in the LED Panel Market

LED panel market is evolving with growing time as the customizable panels are launched by the companies which offers the dynamic colour temperatures and wireless control. Aside from these, companies are developing edge-lit and back-lit panel technologies that improve light uniformity and efficiency. Further, sustainable product designs using recyclable materials and energy-saving drivers are being prioritized to align with global green building norms.

List of Leading Companies in the LED Panel Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Acuity Brands Lighting

Company NameAcuity Brands Lighting
Established Year2001
HeadquartersAtlanta, Georgia, United States
Official WebsiteClick Here

This company provides commercial-grade LED panel lighting solutions, known for performance, efficiency, and integration with building management systems.

2. Signify

Company NameSignify
Established Year1891
HeadquartersEindhoven, Netherlands
Official WebsiteClick Here

This company offers LED panel lighting under the Philips brand, with a focus on energy-efficient, high-lumen output systems for offices, schools, and hospitals.

3. Cree Lighting

Company NameCree Lighting
Established Year1987
HeadquartersRacine, Wisconsin, United States
Official WebsiteClick Here

This company manufactures high-performance LED panels for indoor applications that offers solutions with premium optics and easy installation.

4. Panasonic Corporation

Company NamePanasonic Corporation
Established Year1918
HeadquartersOsaka, Japan
Official WebsiteClick Here

This company provides LED panels with advanced design and lighting control that cater to both commercial and residential infrastructure.

5. Samsung LED

Company NameSamsung LED
Established Year2009
HeadquartersSuwon, South Korea
Official WebsiteClick Here

This company provides the wide range of LED panels with edge-lit and back-lit technology which enables ultra-slim lighting solutions with high energy savings.

6. NVC Lighting

Company NameNVC Lighting
Established Year1998
HeadquartersHuizhou, China
Official WebsiteClick Here

This company provides LED panel products widely used in retail chains, offices, and public buildings across Asia-Pacific, Europe, and the Middle East.

7. GE Current, a Daintree Company

Company NameGE Current, a Daintree Company
Established Year2015
HeadquartersCleveland, Ohio, United States
Official WebsiteClick Here

This company delivers LED panels integrated with smart sensors and controls, used in intelligent lighting systems for commercial spaces.

How Big is the LED Panel Market : FAQs

The LED panel market was estimated at USD 16.99 billion in 2024 and is projected to reach USD 31 billion by 2031.
Growth is driven by energy efficiency demands, architectural lighting trends, and integration of smart lighting features.
Asia-Pacific leads the market due to extensive construction activity and large-scale LED adoption in commercial projects.
Top players include Acuity Brands, Signify, Cree Lighting, Panasonic, Samsung LED, and NVC Lighting.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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