Sale

Lighting Market

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

Global Lighting Market Size

The global lighting market reached a value of about USD 128.76 billion in 2023. The market is projected to grow at a CAGR of 7.3% in the forecast period of 2024-2032 to reach a value of approximately USD 242.71 billion by 2032.

 

Key Takeaways

  • 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, 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.

 

The global lighting market is being driven by the growing demand for lighting solutions from different end-use sectors and the rising consumer awareness regarding the sustainable use of resources. The market has witnessed a robust evolution and the transformation from incandescent to light-emitting diodes (LED).

 

lighting market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Key Trends and Developments

Increasing development of smart lighting solutions; the rising demand for eco-friendly products; the development of human-centric lights; and the rising prevalence of lighting as a service are positively impacting the lighting market growth

 

Date Company Event
May 26th 2023 Barava, LLC Unveiled the LED hanging Barava light, blending retro nostalgia with modern features, revolutionising traditional fixtures by merging design with advanced technology.
Jun 27th 2023 Kyoto Semiconductor Introduced 14 SWIR reflective sensors in the KPR series, targeting medical, analysis, and office applications, utilising InGaAsP LEDs and InGaAs photodiodes.
Aug 10th 2023 Magna Expanded Querétaro, Mexico lighting division with a $17 million investment, adding 165,000 sq ft and creating 280 jobs over four years after new automaker awards.
Dec 12th 2023 Focus Lighting & Fixtures Ltd. Launched 'Optical', a unique outdoor LED technology, poised to transform the outdoor lighting after a year of development.

 

 

Trend Description
High adoption of smart lighting with IoT integration The adoption of smart lighting systems, integrated with IoT devices for energy efficiency, convenience, and customisation is significantly increasing to drive home automation and intelligent building management solutions.
Inclination towards sustainability and eco-friendly products There is a shift towards sustainable, eco-friendly lighting solutions, including LEDs and materials with lower environmental impact, driven by consumer demand and regulatory standards for energy efficiency.
The growing demand for human-centric lighting Human-centric lighting designs that mimic natural light are gaining popularity as they improve well-being and productivity by aligning with human circadian rhythms, especially in workplaces and healthcare facilities.
The trend of lighting as a service (LaaS) There is a rising emergence of LaaS models, offering lighting solutions through subscription or service contracts, reducing upfront costs for consumers and businesses while promoting energy-efficient lighting upgrades.

 

Global Lighting Market Trends

LEDs have become the most popular lighting technology as they reduce energy consumption, come with better life expectancy, and are 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 favourable government policies like the use of LEDs for streetlighting, there has been an increase in the sale of the product. The growing R&D activities to innovate enhanced lighting technologies are expected to propel the market growth in the forecast period.

 

lighting market by segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Lighting Industry Segmentation

“Global Lighting Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Type LED, Fluorescent, Halogen, Incandescent, Others
Product Bulbs, Streetlights, Downlights, Tube Lights, Flood Lights, Others
Distribution Channel Supermarkets and Hypermarkets, Convenience Stores, Speciality Stores, Online, Others
Application Indoor, Outdoor
End-Use Residential, Commercial, Industrial, Agricultural, Hospital, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

LEDs are anticipated to dominate the global lighting market share in the coming years

LEDs (Light Emitting Diodes) have taken over other types of lights owing to their long lifespan, energy efficiency, and colour variety. They have become the preferred choice for both residential and commercial applications.

 

Meanwhile, halogens are expected to account for a major portion of the global lighting market share in the coming years owing their extensive utilisation in automobiles. These types of incandescent lighting solutions have a longer lifespan. They are often used in specific applications where high light quality is important, such as in car headlights and some types of studio lighting.

 

The rapid growth of e-commerce is expected to aid the expansion of the market in the coming years

For lighting solutions, speciality stores are likely to account for a major portion of the lighting market due to the availability of a wide variety of products. They also provide expert advice and customer service.

 

However, online sales platforms are expected to witness a rapid growth during the forecast period owing to their convenience and the ability to view customer reviews. Online platforms also facilitate easy comparison of features and prices, and the rise of direct-to-consumer brands in the lighting sector has further boosted online sales.

 

lighting market by region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

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.

 

Global Lighting Industry Analysis by Region

The Asia Pacific is experiencing rapid urbanisation, industrialisation, and economic development, which provides substantial opportunities for the lighting market expansion. Countries like China and India are leading this expansion, driven by their massive population bases, growing middle classes, and increasing investments in infrastructure development. This growth is not only in residential and commercial lighting but also in industrial and public infrastructure projects, which require advanced lighting solutions.

 

The Middle East and Africa lighting market is also witnessing growth, fuelled by infrastructure investments, a rising population, and increasing number of mega-events. The Middle East is hosting significant international events, such as World Expos and sports tournaments, necessitating extensive infrastructure development, including state-of-the-art lighting systems.

 

Meanwhile, Europe and North America are increasingly focusing on technological advancements while following the regulatory environment for sustainability.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Product
  • Application
  • End Use
  • Distribution Channel
  • Region
Breakup by Type
  • LED
  • Fluorescent
  • Incandescent
  • Halogen
Breakup by Product
  • Bulbs
  • Streetlights
  • Downlights
  • Tube Lights
  • Flood Lights
  • Others
Breakup by Application
  • Indoor
  • Outdoor
Breakup by End Use
  • Residential
  • Commercial
  • Industrial
  • Agricultural
  • Hospital
  • Others
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

Our Top Selling Reports

HVAC Market

Toys Market

Lime Market

Urea Market

Bus Market

Tuna Market

Construction Market

Asphalt Market

Footwear Market

Chromium Market

 

Lighting Market Report Snapshots

Lighting Market Size

Lighting Market Trends

Lighting Companies

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.

Purchase Full Report

Mini Report

$ 2969     $2699
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 4399     $3999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 5499     $4999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 6599     $5999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER