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Report Overview

The global lighting market size reached around USD 138.16 Billion in 2025. The market is projected to grow at a CAGR of 7.30% between 2026 and 2035 to reach nearly USD 279.50 Billion by 2035. This growth reflects the rising demand for energy-efficient lighting solutions, driven by urbanization, smart city initiatives, and stricter environmental regulations. The global shift towards LED and smart lighting systems is transforming residential, commercial, and industrial spaces by enhancing energy savings, automation, and user control. Government incentives, coupled with increased awareness of sustainability, are accelerating the adoption of low-carbon lighting technologies. Meanwhile, innovations in IoT-integrated lighting, human-centric designs, and wireless control systems are shaping the future of the industry.

Market Size & Forecast

  • Market Size in 2025: USD 138.16 Billion
  • Projected Market Size in 2035: USD 279.50 Billion
  • CAGR from 2026 to 2035: 7.30%
2025

Base Year

2019-2025

Historical Period

2026-2035

Forecast Period

  • China aims to introduce more than 300 light products in 2024, as an attempt to enhance its competitiveness in the market.

  • According to the United Nations, the global population will grow to just under 10bn by 2050.

  • The United States has planned to transform the nation’s energy use so that more technologies run on clean energy by 2050.

Lighting Market Competitive Landscape

Major players in the lighting market are increasingly investing in the development of smart lighting solutions

Company Year Established Headquarters Specialisation
Signify Holding 2016 Eindhoven, the Netherlands Lighting for professionals, consumers, and the Internet of Things
OSRAM GmbH 1919 Munich, Germany Lighting technologies for automotive, smart, and industrial applications
Eaton Corporation 1911 Dublin, Ireland Power management technologies and services
Cree Lighting 1987 North Carolina, USA LED lighting innovations for commercial, residential, and industrial markets

Other key players in the global market are 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.

Major companies in the market are investing heavily in research and development (R&D) to introduce innovative products, such as smart lighting solutions, LED technologies, and lighting systems that can be integrated with the Internet of Things (IoT). These innovations cater to the growing demand for energy-efficient, intelligent lighting solutions in both residential and commercial sectors.

Lighting Market Report Snapshots

Lighting Market

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2025, the market reached an approximate value of USD 138.16 Billion.

The market is projected to grow at a CAGR of 7.30% between 2026 and 2035.

The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 279.50 Billion by 2035.

The major drivers of the market are the rising disposable incomes, increasing population, rapid urbanisation, and growing infrastructure projects.

The key trends aiding the market expansion include growing health awareness, improving food production capabilities, and growing demand for plant-based and natural products with the rising trend of veganism.

The different lighting products in the market are bulbs, streetlights, downlights, tube lights, and flood lights, among others.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major players 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.

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