The Filament LED Bulb Market size is predicted to reach $7 Billion by 2030, growing at a CAGR of 18.6% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC.  Rising Awareness and Adoption, Energy Efficiency and Cost Savings, Environmental Concerns and Sustainability are the driving factors of the market during the forecast period, finds IndustryARC in its recent report, titled “Filament LED Bulb Market Size, Share & Trends Analysis Report By Bulb Shape (Globe, Edison, Candle, Straight Tip), By Wattage (1 to 9 Watts, 10 to 19 Watts, Above 20 Watts), By Color Temperature (Below 2700 K, 2700-3000 K, 3000-4000 K, 4000-5000 K, Above 5000 K), By Base Type (E26, E27, B22), By Application (Indoor, Outdoor, Multipurpose) & Industry Forecast, 2023-2030.”

Filament LED Bulb Market 2023-2030: Scope of the Report

Report Metric


Base Year Considered


Forecast Period




Market Size in 2030

$7 Billion

Segments Covered

Bulb Shape, Wattage, Color Temperature, Base Type, Application

Key Market Players

  1. Ledvance

  2. Philips

  3. GE Electronics

  4. OPPLE

  5. MIC Electronics Ltd.

  6. Reiz Electrocontrols Pvt. Ltd.

  7. InstaPower Ltd.

  8. Abby Lighting & Switchgear

  9. Osram

  10. Copper Lighting


Filament LED Bulb Market Report – Key Takeaways:

● Indoor Filament LED Bulb has the Largest Market Share

LED bulbs are highly energy-efficient, consuming significantly less electricity than traditional incandescent bulbs. This is a critical factor for indoor lighting where bulbs are often used for extended periods. Consumers and businesses appreciate the cost savings on electricity bills that LED bulbs offer, making them a preferred choice for indoor lighting. LED bulbs provide consistent, flicker-free illumination with minimal glare. This quality of light is crucial for indoor environments where visual comfort and productivity are paramount. Many LED bulbs offer high Color Rendering Index (CRI) values, ensuring that colors appear true and vibrant.

● Retrofitting Demand from Customers and Businesses

Many consumers and businesses are looking to retrofit their existing lighting fixtures with more energy-efficient and longer-lasting alternatives. Filament LED bulbs are an ideal choice for retrofitting projects because they are designed to fit into standard fixtures commonly found in homes, offices, and commercial spaces. They offer a simple and cost-effective way to upgrade lighting without the need for major infrastructure changes or fixture replacements. This retrofitting demand is driven by a desire for improved energy efficiency, reduced maintenance costs, and the desire to enjoy the aesthetic appeal of Filament LED bulbs while retaining existing lighting fixtures. As a result, retrofitting projects provide a steady source of demand for Filament LED bulbs and contribute to the market's growth.

● Competition from Non-Filament LEDs

The LED lighting market is diverse, and there are various types of LED bulbs available, including non-filament LEDs that offer energy efficiency and durability. These alternatives often come at a lower price point compared to Filament LED bulbs. While Filament LEDs offer a unique aesthetic appeal, some consumers and businesses may prioritize cost savings and opt for non-filament LED options instead. This competition within the LED market can limit the market share growth of Filament LED bulbs.

● Global Supply Chain Disruptions 

Supply chain disruptions have led to shortage in the availability of critical raw materials needed for manufacturing LED bulbs, including components such as LED chips, phosphors, and other electronic components. Shortages of these materials  led to production delays and increased costs, which have been passed on to consumers in the form of higher prices. Manufacturers are also forced to source components from alternative suppliers or regions during supply chain disruptions. This has led to variations in component quality, potentially affecting the overall quality and performance of Filament LED bulbs.

Key Opportunity Analysis: 

Smart Filament LED Bulb

The integration of smart technology into Filament LED bulbs presents a significant growth opportunity. Smart Filament LED bulbs can be controlled remotely through smartphone apps or voice assistants, allowing users to adjust lighting intensity, color temperature, and even set schedules. Smart lighting solutions offer convenience, energy efficiency, and customization, which are highly attractive to both residential and commercial users. As the adoption of smart home and building automation systems continues to rise, the demand for smart Filament LED bulbs is expected to grow. Manufacturers can seize this opportunity by developing and marketing smart Filament LED products that offer compatibility with popular smart home ecosystems and provide features that enhance user experience.

Sustainable Lighting Initiatives

Increasing awareness of environmental issues and sustainability is driving demand for eco-friendly lighting solutions. Filament LED bulbs, with their energy efficiency and longevity, align well with sustainable lighting initiatives. Governments, businesses, and consumers are actively seeking ways to reduce energy consumption and lower carbon footprints. Filament LED bulbs, when promoted as an eco-friendly lighting option, can benefit from this trend. Manufacturers and retailers can leverage sustainability messaging in their marketing efforts, highlighting the energy-saving and long-lasting characteristics of Filament LED bulbs. Additionally, partnerships with environmental organizations or participation in sustainability certification programs can enhance the appeal of these bulbs in the market.

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The Report also Covers the Following Areas:

Filament LED Bulb Market Size and Forecast 
Filament LED Bulb Market Trends
Filament LED Bulb Market Analysis By  Base Type

Filament LED Bulb Market 2023-2030: Key Highlights

CAGR of the market during the forecast period 2023-2030
Value Chain analysis of key stakeholders
Detailed analysis of market drivers and opportunities during the forecast period
Filament LED Bulb Market size estimation and forecast
Analysis and predictions on end users’ behavior and upcoming trends 
Competitive landscape and Vendor market analysis including offerings, developments, and financials
Comprehensive analysis of challenges and constraints in the Filament LED Bulb Market

Covid and Ukrainian Crisis Impact:

The COVID-19 pandemic had a multifaceted impact on the Filament LED Bulb market. Initially, as lockdowns and restrictions were imposed, the market experienced disruptions in the supply chain, leading to delays in production and distribution. This was compounded by reduced consumer spending and uncertainties, causing a short-term dip in demand for non-essential items like decorative lighting, including Filament LED bulbs.
The geopolitical situation in Ukraine has introduced new challenges and uncertainties to the Filament LED Bulb market. Ukraine is a significant global producer of raw materials used in LED production, such as phosphors and rare earth elements. The disruptions in the supply chain from Ukraine have potentially led to increased manufacturing costs and shortages of key components, affecting the overall availability and pricing of Filament LED bulb.

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List of Key Market Players in Filament LED Bulb Market:

The key companies profiled in the Filament LED Bulb Market Report are listed below:
GE Electronics
MIC Electronics Ltd.
Reiz Electrocontrols Pvt. Ltd.
InstaPower Ltd.
Abby Lighting & Switchgear
Copper Lighting

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LED Displays, Lighting, and Fixtures market- According to a recent business publication by IndustryARC, LED displays, lighting and fixtures market size was around $70 billion - $75 billion in 2018, and its value will be growing at a healthy CAGR of around 12% - 14% during the forecast period 2019-2025. The analyst highlights the energy efficiency trend to cause major disruptions in the near future, with innovation remaining the name of the game.

Global LED Lighting in Oil and Gas Market– As per IndustryARC’s research, the global LED lighting in the oil and gas market is evaluated to leverage a revenue of $188.7 million by 2023. The potential benefit offered by installing LED lights in the oil and gas industry is lesser threat of explosion by illuminating hazardous locations and also high quality LED fixtures reduce the chance of ignition and sparks thereby acting as a reliable industrial aid.

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