Japan LED Lighting Market Size, Share, and COVID-19 Impact Analysis, By Installation Type (New Installation and Retrofit Installation), By Application (Commercial, Office, and Retail), and Japan LED Lighting Market Insights, Industry Trend, Forecasts to 2033.

Japan LED lighting Market Insights Forecasts to 2033

• The Japan LED Lighting Market Size was valued at USD 4.38 Billion in 2023
• The Market Size is Growing at a CAGR of 6.14% from 2023 to 2033
• The Japan LED Lighting Market Size is Expected to Reach USD 7.95 Billion by 2033

The Japan LED Lighting Market Size is Anticipated to Reach USD 7.95 Billion by 2033, growing at a CAGR of 6.14% from 2023 to 2033.

Market Overview

Light Emitting Diode (LED) technology, which is well-known for its energy efficiency, long lifespan, and low environmental effect, is used in products that define the Japanese LED lighting market. LED lighting includes a variety of items for home, commercial, and industrial use, such as downlights, panel lights, street lights, tube lights, and bulbs. There are a lot of prospects in the Japanese LED lighting market for smart home integration and urban infrastructure development. Japan's increasing focus on energy-efficient and sustainable solutions offers chances for market expansion and innovation. Japan is expected to have a greater need for sophisticated LED lighting solutions as a result of ongoing investments in green technologies and smart cities, which will create an ideal environment for market expansion.

Report Coverage

This research report categorizes the market for the Japan LED lighting market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan LED lighting market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan LED lighting market.

Driving Factors

Energy-efficiency-promoting government programs in Japan have been greatly boosted by policies like LED retrofit incentives and laws that encourage the use of low-energy lighting. The transition of traditional lighting technology to LEDs in Japan has been primarily driven by improved economics and energy savings. Japan's increasing use of smart city initiatives is driving up demand for cutting-edge LED lighting solutions. Additionally, about 4.42 Billion motor cars were registered in Japan for the first time in 2024, compared to about 4.78 Billion the year before. Buses, trucks, and passenger vehicles are among the new vehicle registrations; in Japan, the latter make up the majority of new registrations. In Japan, the need for automotive LED lighting materials is growing along with the number of automobiles on the road. Because of its extended lifespan, energy economy, and durability, LED lighting is a popular choice for both manufacturers and consumers. The Japanese market for LED lighting materials is anticipated to be driven by this trend.

Restraining Factors

The price volatility of its raw materials is the biggest obstacle to the expansion of the LED lighting business in Japan. Market stability may be impacted by changes in manufacturing costs brought on by fluctuations in the price of raw materials.

Market Segmentation

The Japan LED lighting market share is classified into installation type and application.

• The retrofit installation segment is expected to hold a significant market share through the forecast period.

The Japan LED lighting market is segmented by installation type into new installation and retrofit installation. Among these, the retrofit installation segment is expected to hold a significant market share through the forecast period. This is because Japan already has a well-developed infrastructure and there is more pressure to switch from outdated lighting systems to LED ones that use less energy. Retrofitting is predicted to dominate the market since it is economical and causes the least amount of disruption during the upgrade process.

• The commercial segment is expected to dominate the Japan LED lighting market during the forecast period.       

Based on the application, the Japan LED lighting market is divided into commercial, office, and retail. Among these, the commercial segment is expected to dominate the Japan LED lighting market during the forecast period. The growing use of energy-efficient lighting options in workplaces, shops, and other commercial settings is the cause of this. Additionally, due of its cost-cutting features and enhanced performance qualities, it accelerates the switch to LED illumination.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan LED lighting market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ENDO Lighting Corporation
• Koito Manufacturing Co. Ltd
• Nichia Corporation
• Panasonic Holdings Corporation
• Stanley Electric Co. Ltd
• Toshiba Lighting & Technology Corporation
• Sharp Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

• This study forecasts revenue at Japan, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Japan LED Lighting Market based on the below-mentioned segments

Japan LED Lighting Market, By Installation Type

• New Installation
• Retrofit Installation

Japan LED Lighting Market, By Application

• Commercial
• Office
• Retail