Lighting: World Market Outlook for LEDs and Lighting Fixtures

Global Lighting Market Outlook Highlights Slowdown in 2024 with Recovery Forecast for 2025-2027, Driven by Professional Indoor and Outdoor Lighting Segments

The report 'Lighting: World Market Outlook for LEDs and Lighting Fixtures' offers an in-depth analysis of market performance for the years 2019-2024 and preliminary 2025 for 70 countries grouped by geographic regions, 2026-2028 lighting fixtures market forecasts by geographical area and segment, and information on the leading players.

KEY GROWTH DRIVERS IN THE WORLDWIDE MARKET FOR LIGHTING

The study is introduced by an overview of the world lighting sector with market size for 2025 - lighting fixtures and lamps -, comparing the evolution of the residential and professional segments within the industry.

The activity trend and forecast part analyses:

• The lighting fixtures market performance for the years 2019-2025, highlighting the two major market segments (consumer lighting and professional lighting, indoor and outdoor)
• Market development forecasts for the period 2026-2028 at a global level, by region, and by segment.

Basic data for Lighting fixtures production, consumption, and international trade are analysed with a comparison of selected key macro indicators for 70 considered countries.

Leading companies are ranked by market share. The introducing chapter also goes in-depth into sector concentration, and relevant M&A operations over the last years.

The international trade part analyses the world trade of lighting fixtures and lamps, with export and import data by country for the period 2019-2024.

MARKET STRUCTURE: SEGMENTS AND DESTINATIONS

The global lighting fixtures market has also broken down by segment:

• Consumer/Residential indoor lighting
• Commercial indoor lighting
• Industrial indoor lighting
• Outdoor lighting

This chapter also estimates the current world lighting fixture sales by main destination segments, with 2026-2028 forecasts.

LEDS AND CONNECTED LIGHTING

This report also deals with:

• LED lighting evolution and its incidence over the global lighting fixtures and lamps market, providing details by segment and geographic region. Estimated sales volume (units) of LED lamps and luminaires by product and by price range are also provided. LED lighting global market forecasts are provided for 2026-2028.
• Connected lighting evolution for the period 2019-2025, with the incidence by segment.

LIGHTING FIXTURES MARKET: THE COMPETITIVE LANDSCAPE

This study offers insights into the leading lighting players by the main destination segments and by the main geographic regions, with detailed tables showing sales data and market shares of selected lighting companies and short profiles of the main players.

For a sample of around 100 global companies active in the lighting sector, The report offers an analysis of selected key financial data, main profitability ratios (ROA, ROE, EBIT, and EBITDA), and indicators related to the equity and financial structure of the considered sample of companies, for the time frame 2020-2024.

350 companies are considered in this report.

THE WORLD MARKET FOR LIGHTING FIXTURES: DISTRIBUTION CHANNELS

Overview of the main distribution channels active on the world market for lighting fixtures. The analysis of the distribution system is organized by the following channels:

• Contract/Projects
• Specialists Lighting Stores
• Lifestyle retailers (furniture & furnishings chains, furniture stores, department stores)
• Electrical wholesalers
• DIY Stores
• E-commerce

COUNTRIES AND GEOGRAPHIC REGIONS CONSIDERED

70 countries grouped by 6 macro geographic regions, based on the following classification:

• North America: Canada, Mexico, United States (3 countries)
• South America: Argentina, Brazil, Chile, Colombia, Venezuela (5 Countries).
• European Union (27) + Norway, Switzerland and the United Kingdom: Austria, Belgium (including Luxembourg), Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, plus Norway, Switzerland and the United Kingdom (Europe 30 Countries).
• Other Europe: Belarus, Kazakhstan, Russia, Serbia, Turkiye, and Ukraine (6 countries).
• Asia and Pacific: Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, China, Thailand, Vietnam (13 countries).
• Middle East and Africa: Algeria, Bahrain, Egypt, Israel, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, South Africa, Tunisia, United Arab Emirates (14 countries).

THIS RESEARCH AIMS TO ANSWER THE FOLLOWING QUESTIONS:

• How big is the global lighting market in 2025? What are its prospects and forecasts?
• Which are the world's largest lighting fixtures consuming countries?
• What are the main target segments of global lighting and their trends?
• What are the dynamics of the world lighting fixtures trade?
• What are the major players in the global lighting fixtures market?
• What is the current LED incidence within the lighting market?
• How are technologies, such as LEDs and connected lighting, evolving in the global lighting market?

Selected companies

Among the lighting companies considered in this report:

• Acuity Brands
• Artemide
• Bajaj
• Delta Light
• Eclatec
• Endo
• Fagerhult
• Flos
• FSL Lighting
• Ikea
• Ledvance
• Leedarson
• Linea Light
• Opple
• Panasonic
• Pelsan
• RangDong
• Schreder
• Signify
• SLV
• Tospo
• Trilux
• Unilumin
• Yankon
• Zumtobel

Highlights:

The global market for lighting fixtures is estimated by the analyst to exceed USD 96 billion in 2025, marking a slight increase over the previous year. The incidence of LEDs continues to rise, adding another step toward a full transition. Asia-Pacific remains the largest market, followed by North America and Europe. A significant growth is recorded by the Middle East, driven in particular by the expansion of the Saudi market.

The overall long-term outlook remains positive for the lighting business as the demand for connected and smart solutions will continue to grow. From a segment perspective, outdoor lighting, progressively expanding over the last years, will continue to outperform the market average.

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