Reports
Global Lighting Market Share, Size, Growth, Analysis, Forecast: By Type: LED, Fluorescent, Incandescent, Halogen; By Product: Bulbs, Streetlights, Downlights, Tube Lights, Flood Lights, Others; By Application: Indoor, Outdoor; By End Use: Residential, Commercial, Others; By Distribution Channel; Regional Analysis; Competitive Landscape; 2023-2028
Global Lighting Market Outlook
The global lighting market reached a value of about USD 120 billion in 2022. The market is further expected to grow at a CAGR of 7.3% in the forecast period of 2023-2028 to reach a value of approximately USD 183.1 billion by 2028.
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LED Lighting to Pave the Way for the Lighting Market Growth
Based on technology, LED lighting has become one of the most preferred technologies among consumers and is further expected to witness the highest growth rate in the forecast period. The surge in the demand for LEDs is the result of the rising environmental concern and favourable government initiatives. With energy becoming more expensive and the growing scarcity of resources, LEDs have become the go-to option for the consumers across the globe.
Global Lighting Market Witnessing Rapid Expansion in Developing Regions
Region-wise, the market is witnessing a rapid expansion in the developing regions, particularly the Asia Pacific and the Middle East and Africa. The industry is growing in the Middle East due to huge infrastructure investments, rising population, and the upcoming mega-events, which are ultimately creating an enhanced demand for lighting systems. The Gulf Co-operation Council (GCC) lighting market is expected to be a major emerging market in the coming years owing to its commitment to reduce carbon footprints and electricity demand, which is further supported by favourable government policies.
Lighting: Market Segmentation
Lighting, also referred to as illumination, is the deliberate use or arrangement of lights in a room, shopping complex, street, and other places to achieve practical or aesthetic effects. The different types of artificial light sources, including lamps and light fixtures, among others, are widely available in the market.
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Based on type, the global lighting market can be divided into:
- LED
- Fluorescent
- Halogen
- Incandescent
- Others
On the basis of product, the market can be segmented into:
- Bulbs
- Streetlights
- Downlights
- Tube Lights
- Flood Lights
- Others
Based on application, the lighting market is bifurcated into:
- Indoor
- Outdoor
On the basis of end use, the industry is divided into:
- Residential
- Commercial
- Industrial
- Agricultural
- Hospital
- Others
The various distribution channels of the product are as follows:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Shift Away from Incandescent Lights to Influence the Lighting Market Positively
The global lighting market is being driven by the growing demand for lighting from end-use sectors and the rising consumer awareness regarding sustainable use of resources. The industry has witnessed a robust evolution and the transformation from incandescent to the light-emitting diodes (LED) has significantly contributed to the industry growth. The evolution has allowed end-users to choose from a wide range of options like FTLs, CFLs, LEDs, and others, according to their requirements. LEDs have become the most popular lighting technology as it reduces the energy consumption, comes with better life expectancy, and is affordable in nature as compared to traditional lighting technologies. Moreover, they do not harm the environment like fluorescent or incandescent lamps.
The lighting market growth is estimated to be higher in the developing regions owing to the increasing awareness and rising access to the product. Due to the favourable government policies, like the use of LEDs for streetlighting, there has been an increase in the sale of the product, thus, aiding the overall industry. The growing R&D activities to innovate enhanced lighting technologies are expected to propel the industry growth further.
Key Industry Players in the Global Lighting Market
The report gives a detailed analysis of the following key players in the global lighting market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Signify Holding
- OSRAM GmbH
- Eaton Corporation
- Cree Lighting
- Nichia Corporation
- GE Lighting
- Seoul Semiconductor Co., Ltd.
- Everlight Electronics Co., Ltd.
- Hubbell Incorporated
- Zumtobel Group
- Siteco GmbH
- Panasonic Holdings Corporation
- Havells India Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Product |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Lighting Market Analysis
8.1 Key Industry Highlights
8.2 Global Lighting Historical Market (2018-2022)
8.3 Global Lighting Market Forecast (2023-2028)
8.4 Global Lighting Market by Type
8.4.1 LED
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Fluorescent
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Incandescent
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Halogen
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.5 Global Lighting Market by Product
8.5.1 Bulbs
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Streetlights
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Downlights
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Tube Lights
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Flood Lights
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Lighting Market by Application
8.6.1 Indoor
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Outdoor
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Lighting Market by End Use
8.7.1 Residential
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Commercial
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Industrial
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Agricultural
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Hospital
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
8.7.6 Others
8.8 Global Lighting Market by Distribution Channel
8.8.1 Supermarkets and Hypermarkets
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Convenience Stores
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Specialty Stores
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Online
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Others
8.9 Global Lighting Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2022)
8.9.1.2 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2022)
8.9.2.2 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2022)
8.9.3.2 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2022)
8.9.4.2 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2022)
8.9.5.2 Forecast Trend (2023-2028)
9 North America Lighting Market Analysis
9.1 Market by Type
9.2 Market by Product
9.3 Market by Application
9.4 Market by End Use
9.5 Market by Distribution Channel
9.6 Market by Country
9.6.1 United States of America
9.6.1.1 Historical Trend (2018-2022)
9.6.1.2 Forecast Trend (2023-2028)
9.6.2 Canada
9.6.2.1 Historical Trend (2018-2022)
9.6.2.2 Forecast Trend (2023-2028)
10 Europe Lighting Market Analysis
10.1 Market by Type
10.2 Market by Product
10.3 Market by Application
10.4 Market by End Use
10.5 Market by Distribution Channel
10.6 Market by Country
10.6.1 United Kingdom
10.6.1.1 Historical Trend (2018-2022)
10.6.1.2 Forecast Trend (2023-2028)
10.6.2 Germany
10.6.2.1 Historical Trend (2018-2022)
10.6.2.2 Forecast Trend (2023-2028)
10.6.3 France
10.6.3.1 Historical Trend (2018-2022)
10.6.3.2 Forecast Trend (2023-2028)
10.6.4 Italy
10.6.4.1 Historical Trend (2018-2022)
10.6.4.2 Forecast Trend (2023-2028)
10.6.5 Others
11 Asia Pacific Lighting Market Analysis
11.1 Market by Type
11.2 Market by Product
11.3 Market by Application
11.4 Market by End Use
11.5 Market by Distribution Channel
11.6 Market by Country
11.6.1 China
11.6.1.1 Historical Trend (2018-2022)
11.6.1.2 Forecast Trend (2023-2028)
11.6.2 Japan
11.6.2.1 Historical Trend (2018-2022)
11.6.2.2 Forecast Trend (2023-2028)
11.6.3 India
11.6.3.1 Historical Trend (2018-2022)
11.6.3.2 Forecast Trend (2023-2028)
11.6.4 ASEAN
11.6.4.1 Historical Trend (2018-2022)
11.6.4.2 Forecast Trend (2023-2028)
11.6.5 South Korea
11.6.5.1 Historical Trend (2018-2022)
11.6.5.2 Forecast Trend (2023-2028)
11.6.6 Australia
11.6.6.1 Historical Trend (2018-2022)
11.6.6.2 Forecast Trend (2023-2028)
11.6.7 Others
12 Latin America Lighting Market Analysis
12.1 Market by Type
12.2 Market by Product
12.3 Market by Application
12.4 Market by End Use
12.5 Market by Distribution Channel
12.6 Market by Country
12.6.1 Brazil
12.6.1.1 Historical Trend (2018-2022)
12.6.1.2 Forecast Trend (2023-2028)
12.6.2 Argentina
12.6.2.1 Historical Trend (2018-2022)
12.6.2.2 Forecast Trend (2023-2028)
12.6.3 Mexico
12.6.3.1 Historical Trend (2018-2022)
12.6.3.2 Forecast Trend (2023-2028)
12.6.4 Others
13 Middle East and Africa Lighting Market Analysis
13.1 Market by Type
13.2 Market by Product
13.3 Market by Application
13.4 Market by End Use
13.5 Market by Distribution Channel
13.6 Market by Country
13.6.1 Saudi Arabia
13.6.1.1 Historical Trend (2018-2022)
13.6.1.2 Forecast Trend (2023-2028)
13.6.2 United Arab Emirates
13.6.2.1 Historical Trend (2018-2022)
13.6.2.2 Forecast Trend (2023-2028)
13.6.3 Nigeria
13.6.3.1 Historical Trend (2018-2022)
13.6.3.2 Forecast Trend (2023-2028)
13.6.4 South Africa
13.6.4.1 Historical Trend (2018-2022)
13.6.4.2 Forecast Trend (2023-2028)
13.6.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis
15.1 Major Exporting Countries
15.1.1 by Value
15.1.2 by Volume
15.2 Major Importing Countries
15.2.1 by Value
15.2.2 by Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Signify Holding
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 OSRAM GmbH
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Eaton Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Cree Lighting
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Nichia Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 GE Lighting
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Seoul Semiconductor Co., Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Everlight Electronics Co., Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Hubbell Incorporated
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Zumtobel Group
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Siteco GmbH
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Panasonic Holdings Corporation
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Havells India Ltd.
16.2.13.1 Company Overview
16.2.13.2 Product Portfolio
16.2.13.3 Demographic Reach and Achievements
16.2.13.4 Certifications
16.2.14 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Lighting Market: Key Industry Highlights, 2018 and 2028
2. Global Lighting Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Lighting Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Lighting Historical Market: Breakup by Product (USD Million), 2018-2022
5. Global Lighting Market Forecast: Breakup by Product (USD Million), 2023-2028
6. Global Lighting Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Lighting Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Lighting Historical Market: Breakup End Use (USD Million), 2018-2022
9. Global Lighting Market Forecast: Breakup by End Use (USD Million), 2023-2028
10. Global Lighting Historical Market: Breakup Distribution Channel (USD Million), 2018-2022
11. Global Lighting Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
12. Global Lighting Historical Market: Breakup by Region (USD Million), 2018-2022
13. Global Lighting Market Forecast: Breakup by Region (USD Million), 2023-2028
14. North America Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
15. North America Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Europe Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
17. Europe Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Asia Pacific Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
19. Asia Pacific Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Latin America Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
21. Latin America Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Middle East and Africa Lighting Historical Market: Breakup by Country (USD Million), 2018-2022
23. Middle East and Africa Lighting Market Forecast: Breakup by Country (USD Million), 2023-2028
24. Major Exporting Countries by Value
25. Major Importing Countries by Value
26. Major Exporting Countries by Volume
27. Major Importing Countries by Volume
28. Global Lighting Market Structure
Key Questions Answered in the Report
In 2022, the global lighting market attained a value of nearly USD 120 billion.
The market is projected to grow at a CAGR of 7.3% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 183.1 billion by 2028.
The major drivers of the industry, such as rising disposable incomes, increasing population, rapid urbanisation, growing infrastructure projects, and favourable government regulations, are expected to aid the market growth.
The key trends guiding the growth of the lighting market include the adoption of smart lighting products and the rising technological advancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of lighting in the market are LED, fluorescent, incandescent, and halogen.
The major lighting products in the industry are bulbs, streetlights, downlights, tube lights, and flood lights, among others.
The dominant application segments in the industry are indoor and outdoor.
The major end-use sectors in the industry are residential, commercial, industrial, agricultural, and hospital, among others.
The leading distribution channels in the industry are supermarkets and hypermarkets, convenience stores, specialty stores, and online, among others.
The major players in the industry are Signify Holding, OSRAM GmbH, Eaton Corporation, Cree Lighting, Nichia Corporation, GE Lighting, Seoul Semiconductor Co., Ltd., Everlight Electronics Co., Ltd., Hubbell Incorporated, Zumtobel Group, Siteco GmbH, Panasonic Holdings Corporation, and Havells India Ltd., among others.
Analyst Review
The global lighting market attained a value of USD 120 billion in 2022, driven by the rising infrastructure investments. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.3%. The lighting market is projected to reach USD 183.1 billion by 2028.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. By type, the market can be segmented into LED, fluorescent, halogen, and incandescent, with LED accounting for the largest market share. Based on product, the market is divided into bulbs, streetlights, downlights, tube lights, and flood lights, among others. The market on the basis of application is bifurcated into indoor and outdoor. Based on end use, the market is segmented into residential, commercial, industrial, agricultural, and hospital, among others. The major distribution channels in the market are supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others. The major regional markets for lighting are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Signify Holding, OSRAM GmbH, Eaton Corporation, Cree Lighting, Nichia Corporation, GE Lighting, Seoul Semiconductor Co., Ltd., Everlight Electronics Co., Ltd., Hubbell Incorporated, Zumtobel Group, Siteco GmbH, Panasonic Holdings Corporation, and Havells India Ltd., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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