According to the latest report from Maia Research, the global LED tube market size grew from $41.3 billion in 2019 to $48.6 billion in 2024, with a compound annual growth rate of 8.31%. The LED tube market is driven by trends in energy efficiency and environmental protection, with demand continuing to grow. LED tubes, with their long lifespan, high brightness, and energy-saving characteristics, are gradually replacing traditional lighting products and becoming the market mainstream.
1 Market Status and Trends
Due to weak market demand, the global LED tube market is experiencing a worsening supply glut, which has had a negative impact on prices. Companies, in an effort to compete for a limited market share, are adopting price reduction strategies. On one hand, production costs have increased during the pandemic due to factors such as unstable raw material supply and rising logistics costs. On the other hand, product sales prices are being forced down due to market competition, significantly compressing the profit margins of businesses. Many small and medium-sized enterprises are under tremendous survival pressure, with some even having to reduce production or suspend operations, intensifying the trend of industry consolidation and reshuffling.
In the post-pandemic era, the Asia-Pacific and Middle East-Africa regions have shown a relatively rapid recovery. The Asia-Pacific region, leveraging its accumulated pandemic control experience and economic recovery foundation, is able to quickly seize opportunities for market recovery. With the implementation of economic stimulus policies in various countries, increased investment in infrastructure construction, the gradual return to normalcy of business activities, and the warming real estate market, the demand for LED tubes has rebounded quickly. At the same time, the Asia-Pacific region holds an important position in the global LED industry supply chain, with a complete industrial chain layout and strong manufacturing capabilities, enabling it to respond quickly to changes in market demand and adjust production and supply in a timely manner, further driving market recovery.
2 Technological Progress and Innovation
Technological progress is a key factor driving the development of the LED tube market. With the enhancement of LED technology, product performance is continuously optimized, and application fields are continuously expanded, thereby stimulating market demand. In addition, the development of smart lighting and Internet of Things (IoT) technology has brought new growth points to the LED tube market.
3 Market Segmentation
By Type
The global LED tube market is mainly divided into T5, T8, and other types. T5 tubes, with their high luminous efficiency and compact size, hold an important position in commercial lighting and other fields. T8 tubes, due to their versatility and mature technology, are widely used in industrial lighting and other areas. Other types, such as T4, T6, T10, etc., still have a place in specific application scenarios, although with a smaller market share.
Data shows that from 2019 to 2024, the sales of T5 tubes increased from $1.048 billion to $1.265 billion, while the sales of T8 tubes increased from $2.841 billion to $3.365 billion. This growth trend reflects the strong market demand for these two types of tubes.
By Application
The application fields of LED tubes are extensive, including industrial, commercial, residential, and other fields. The commercial field, due to its need for large-area lighting, has become the largest downstream market for LED tubes. The demand in the residential field is also growing rapidly, showing great market potential.
Commercial Field Dominates the Market
The commercial field is estimated to account for 44.79% of the LED tube market share in 2024. T8 tubes have become the mainstream choice for commercial lighting due to their diameter and performance characteristics.
Residential Field Growth Potential
The market share of the residential field increased from 18.58% in 2019 to 19.32% in 2024. T5 LED tubes are widely used in residential lighting due to their advantages in energy saving and lighting effects.
4 Regional Market Analysis
North American Market
The North American region holds an important position in the global LED tube market. The United States, Canada, and Mexico are the main countries in the region, with the United States market being the largest and dominant. From 2019 to 2024, the market sales of the North American LED tube industry increased from $1.350 billion to $1.487 billion, showing a stable growth trend.
European Market
The European market has a place in the global LED tube market, with Germany, the United Kingdom, France, and Italy being the main countries in the region. Despite a slight weakening of environmental regulations, the European market remains an important region. From 2019 to 2024, the market sales of the European LED tube industry increased from $1.173 billion to $1.363 billion, showing a steady growth trend.
Asia-Pacific Market
The Asia-Pacific region is an important part of the global LED tube market, with China, Japan, India, and South Korea being the main countries in the region. China, due to its huge market size and production capacity, dominates the Asia-Pacific market. From 2019 to 2024, the market sales of the Asia-Pacific LED tube industry increased from $1.340 billion to $1.696 billion, showing strong growth momentum.
Middle East and Africa Market
The Middle East and Africa region has a place in the global LED tube market, with Saudi Arabia, the United Arab Emirates, Egypt, and South Africa being the main markets in the region. From 2019 to 2024, the market sales of the Middle East and Africa LED tube industry increased from $120.8 million to $151.6 million, showing a gradual growth trend.
5 Conclusion
The global LED tube market, after being impacted by the COVID-19 pandemic, is gradually recovering and growing. T5 and T8 tubes, as the leading products in the market, show an upward trend in sales and prices. The commercial field remains the main market for LED tubes, while the residential field shows great growth potential. The market recovery and growth in the Asia-Pacific region and the Middle East and Africa region provide new momentum for the development of the global LED tube industry. With the global emphasis on energy saving and environmental protection, the LED tube industry is expected to continue its growth momentum.
