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Global Lighting Market Share, 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; 2024-2032
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 Regional Analysis
*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.
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 (2018-2023)
8.3 Global Lighting Market Forecast (2024-2032)
8.4 Global Lighting Market by Type
8.4.1 LED
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Fluorescent
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Incandescent
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Halogen
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Lighting Market by Product
8.5.1 Bulbs
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Streetlights
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Downlights
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Tube Lights
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Flood Lights
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Lighting Market by Application
8.6.1 Indoor
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Outdoor
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Lighting Market by End Use
8.7.1 Residential
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Commercial
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Industrial
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Agricultural
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Hospital
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Others
8.8 Global Lighting Market by Distribution Channel
8.8.1 Supermarkets and Hypermarkets
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Convenience Stores
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Specialty Stores
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Online
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Others
8.9 Global Lighting Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Canada
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
10.6.1.2 Forecast Trend (2024-2032)
10.6.2 Germany
10.6.2.1 Historical Trend (2018-2023)
10.6.2.2 Forecast Trend (2024-2032)
10.6.3 France
10.6.3.1 Historical Trend (2018-2023)
10.6.3.2 Forecast Trend (2024-2032)
10.6.4 Italy
10.6.4.1 Historical Trend (2018-2023)
10.6.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
11.6.1.2 Forecast Trend (2024-2032)
11.6.2 Japan
11.6.2.1 Historical Trend (2018-2023)
11.6.2.2 Forecast Trend (2024-2032)
11.6.3 India
11.6.3.1 Historical Trend (2018-2023)
11.6.3.2 Forecast Trend (2024-2032)
11.6.4 ASEAN
11.6.4.1 Historical Trend (2018-2023)
11.6.4.2 Forecast Trend (2024-2032)
11.6.5 South Korea
11.6.5.1 Historical Trend (2018-2023)
11.6.5.2 Forecast Trend (2024-2032)
11.6.6 Australia
11.6.6.1 Historical Trend (2018-2023)
11.6.6.2 Forecast Trend (2024-2032)
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 (2018-2023)
12.6.1.2 Forecast Trend (2024-2032)
12.6.2 Argentina
12.6.2.1 Historical Trend (2018-2023)
12.6.2.2 Forecast Trend (2024-2032)
12.6.3 Mexico
12.6.3.1 Historical Trend (2018-2023)
12.6.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
13.6.1.2 Forecast Trend (2024-2032)
13.6.2 United Arab Emirates
13.6.2.1 Historical Trend (2018-2023)
13.6.2.2 Forecast Trend (2024-2032)
13.6.3 Nigeria
13.6.3.1 Historical Trend (2018-2023)
13.6.3.2 Forecast Trend (2024-2032)
13.6.4 South Africa
13.6.4.1 Historical Trend (2018-2023)
13.6.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Lighting Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Lighting Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Lighting Historical Market: Breakup by Product (USD Million), 2018-2023
5. Global Lighting Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Global Lighting Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Lighting Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Lighting Historical Market: Breakup End Use (USD Million), 2018-2023
9. Global Lighting Market Forecast: Breakup by End Use (USD Million), 2024-2032
10. Global Lighting Historical Market: Breakup Distribution Channel (USD Million), 2018-2023
11. Global Lighting Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
12. Global Lighting Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Lighting Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Lighting Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Lighting Market Forecast: Breakup by Country (USD Million), 2024-2032
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 2023, the market attained a value of nearly USD 128.76 billion.
The market is projected to grow at a CAGR of 7.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 242.71 billion by 2032.
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.
Analyst Review
The global lighting market attained a value of USD 128.76 billion in 2023, 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 2024-2032, growing at a CAGR of 7.3%. The lighting market is projected to reach USD 242.71 billion by 2032.
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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