The global market for Professional Luminaires was estimated at US$60.2 Billion in 2024 and is projected to reach US$69.2 Billion by 2030, growing at a CAGR of 2.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Professional Luminaires market.
Technological advancements have significantly transformed the professional luminaires market, with the rise of LED technology being a major driver. LEDs offer superior energy efficiency, longer lifespan, and lower maintenance costs compared to traditional lighting solutions, making them the preferred choice for new installations and retrofits. Additionally, innovations in smart lighting systems have enabled the integration of luminaires with building management systems, allowing for centralized control, remote monitoring, and data-driven optimization of lighting performance. The development of tunable white and color-changing LED luminaires has also expanded the application possibilities, catering to dynamic lighting needs in commercial and architectural settings. Furthermore, advancements in materials and design have enhanced the durability, aesthetic appeal, and environmental sustainability of professional luminaires.
The growth in the professional luminaires market is driven by several factors. The increasing focus on energy efficiency and sustainability has propelled the adoption of LED and smart lighting solutions, supported by government regulations and incentives promoting energy conservation. The expanding construction industry, particularly in emerging economies, has created significant demand for modern lighting solutions in new commercial and public infrastructure projects. Technological advancements have further driven market growth, with innovations in LED technology, smart controls, and IoT-enabled lighting systems enhancing the performance and appeal of professional luminaires. Additionally, the rising awareness of the benefits of quality lighting in improving productivity, well-being, and safety has influenced end-user preferences, leading to higher investments in advanced lighting solutions. These factors, coupled with the continuous development of innovative products and the growing emphasis on sustainable building practices, ensure the robust expansion and evolution of the professional luminaires market.
Global Professional Luminaires Market - Key Trends and Drivers Summarized
Professional luminaires, essential lighting fixtures used in commercial, industrial, and public infrastructure, are designed to provide optimal lighting performance, energy efficiency, and aesthetic appeal. These luminaires encompass a broad range of lighting solutions, including LED fixtures, fluorescent lights, and high-intensity discharge lamps, tailored to various applications such as office buildings, retail spaces, hospitality venues, healthcare facilities, and outdoor environments. The adoption of professional luminaires has been driven by the need for effective and efficient lighting that enhances productivity, safety, and ambiance. Modern professional luminaires often incorporate advanced technologies such as smart controls, sensors, and connectivity features that allow for automated and adaptive lighting management, contributing to energy savings and improved user experience.Technological advancements have significantly transformed the professional luminaires market, with the rise of LED technology being a major driver. LEDs offer superior energy efficiency, longer lifespan, and lower maintenance costs compared to traditional lighting solutions, making them the preferred choice for new installations and retrofits. Additionally, innovations in smart lighting systems have enabled the integration of luminaires with building management systems, allowing for centralized control, remote monitoring, and data-driven optimization of lighting performance. The development of tunable white and color-changing LED luminaires has also expanded the application possibilities, catering to dynamic lighting needs in commercial and architectural settings. Furthermore, advancements in materials and design have enhanced the durability, aesthetic appeal, and environmental sustainability of professional luminaires.
The growth in the professional luminaires market is driven by several factors. The increasing focus on energy efficiency and sustainability has propelled the adoption of LED and smart lighting solutions, supported by government regulations and incentives promoting energy conservation. The expanding construction industry, particularly in emerging economies, has created significant demand for modern lighting solutions in new commercial and public infrastructure projects. Technological advancements have further driven market growth, with innovations in LED technology, smart controls, and IoT-enabled lighting systems enhancing the performance and appeal of professional luminaires. Additionally, the rising awareness of the benefits of quality lighting in improving productivity, well-being, and safety has influenced end-user preferences, leading to higher investments in advanced lighting solutions. These factors, coupled with the continuous development of innovative products and the growing emphasis on sustainable building practices, ensure the robust expansion and evolution of the professional luminaires market.
SCOPE OF STUDY:
The report analyzes the Professional Luminaires market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Luminaire Type (LED Luminaires, Conventional Luminaires); End-Use (Commercial End-Use, Outdoor End-Use, Industrial End-Use, Other End-Uses)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the LED Luminaires segment, which is expected to reach US$51.0 Billion by 2030 with a CAGR of a 2.5%. The Conventional Luminaires segment is also set to grow at 2.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $16.3 Billion in 2024, and China, forecasted to grow at an impressive 4.8% CAGR to reach $13.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Professional Luminaires Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Professional Luminaires Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Professional Luminaires Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Arri, Bajaj Electricals Ltd., Barcelona LED iluminacion S.L., Crompton Greaves Consumer Electricals Ltd., Eveready Industries India and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 51 companies featured in this Professional Luminaires market report include:
- Arri
- Bajaj Electricals Ltd.
- Barcelona LED iluminacion S.L.
- Crompton Greaves Consumer Electricals Ltd.
- Eveready Industries India
- Havells India Ltd.
- Internova Professional Lighting B.V.
- LEDVANCE GmbH
- Lightinova
- LIGMAN Lighting Co., Ltd.
- Linea Light Group
- M M Sankhla Electricals
- Signify Holding
- Surya Roshni Ltd.
- UL LLC (Underwriters Laboratories)
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Arri
- Bajaj Electricals Ltd.
- Barcelona LED iluminacion S.L.
- Crompton Greaves Consumer Electricals Ltd.
- Eveready Industries India
- Havells India Ltd.
- Internova Professional Lighting B.V.
- LEDVANCE GmbH
- Lightinova
- LIGMAN Lighting Co., Ltd.
- Linea Light Group
- M M Sankhla Electricals
- Signify Holding
- Surya Roshni Ltd.
- UL LLC (Underwriters Laboratories)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 288 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 60.2 Billion |
| Forecasted Market Value ( USD | $ 69.2 Billion |
| Compound Annual Growth Rate | 2.4% |
| Regions Covered | Global |
