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Against the backdrop of the global energy crisis and growing environmental awareness, the LED lighting market is experiencing significant changes and growth. According to TrendForce's analysis, the global LED lighting market will show negative growth in market output value in 2024 due to the sluggish demand in the three major markets of Europe, the United States and China, but segments such as LED Smart lighting and plant lighting will grow against the trend. Looking ahead to 2025, the LED general lighting market is expected to resume positive growth due to the renovation and transformation needs of the existing market and the increase in demand for high light quality, healthy and comfortable lighting and Smart lighting products.
1. The rise of the Smart lighting market
The smart lighting market is growing rapidly, and the global smart lighting market size increased by 17.6% in 2024. This trend is mainly due to the decline in the cost of smart lighting products and the increasing demand for energy saving in the professional lighting market. Smart lighting products have realized functions such as remote control, automatic adjustment and scene simulation through IoT technology, further improving the user experience.
2. Increased demand for healthy lighting
Consumers' pursuit of healthy and comfortable light environment has promoted the development of the healthy lighting market. Human-centric lighting matches the human biological clock by changing color temperature and brightness to improve well-being, productivity and comfort. This lighting method is rapidly gaining popularity in areas such as office buildings, hospitals and schools.
3. Recovery of the plant lighting market
The global LED plant lighting market will reach US$1.315 billion in 2024, a year-on-year increase of 6.6%. With the resurgence of vertical farms, the demand for LED plant lighting in Asia, the Middle East, North America and Europe continues to grow, and a new round of lighting replacement demand is expected in 2025.
1. Driven by the demand for smart and healthy lighting
As consumers' demand for smart lighting and healthy lighting increases, buyers are more inclined to choose manufacturers that can provide high value-added products when choosing suppliers. TEKUV meets this market demand and enhances its market competitiveness through its smart lighting solutions and healthy lighting products.
2. Policy support and market access
The policy support of various governments has provided a strong impetus for the popularization of LED lighting products. For example, the EU has gradually implemented the incandescent lamp elimination plan, and China's "dual carbon" goals and new urbanization construction have also provided policy support for the LED lighting industry. Buyers need to pay attention to these policy changes to ensure that the products they purchase comply with relevant regulations and standards.
3. Supply Chain Optimization and Cost Control
The adjustment of the global supply chain and the intensification of competition require buyers to choose suppliers with strong supply chain management capabilities. With its rich experience in LED lighting design and production, TEKUV can quickly respond to customers' customized needs and ensure timely supply and quality assurance of products.
TEKUV will continue to promote the development of the LED lighting industry through technological innovation and product optimization. The company plans to further expand overseas markets and meet the needs of global customers through reasonable market positioning and pricing strategies. At the same time, TEKUV will strengthen cooperation with international brands and launch more innovative products to adapt to the changing market needs.
TEKUV has successfully met the needs of modern consumers for high-quality and intelligent lighting products through its innovative design and application of intelligent lighting systems. In the future, TEKUV will continue to uphold the attitude of professionalism, focus, rigor and service, provide global customers with better quality and smarter lighting products, and lead the LED lighting industry towards the direction of intelligent and convenient development.
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