The global lighting market size is estimated to grow from USD 136.89 billion in the current year to USD 252.65 billion by 2035, at a CAGR of 5.72% during the forecast period, till 2035.
Traditionally, most lighting sources were incandescent and fluorescent bulbs, which consumed more energy and had a shorter lifespan. However, the lighting industry has rapidly progressed. LED lighting has now become the primary choice, offering increased energy efficiency, reduced maintenance needs, and a longer duration of use.
Governments globally are promoting the shift toward LED and other energy-efficient lighting options. As a result, with ongoing technological progress and the rising demand for energy-efficient and intelligent lighting solutions, the lighting market is expected to grow at a steady pace during the forecast period.
However, the outdoor lighting category is expected to grow at a higher CAGR during the forecast period. This can be attributed to the urbanization and infrastructure growth that is increasing around the world. Cities are dedicating resources to smart poles, light fixtures with sensors, and solar-powered streetlights.
However, the commercial sector is expected to grow at a higher CAGR during the forecast period. This growth can be attributed to the varied fact that offices, hotels, and shopping centers are shifting towards smart lighting systems that automatically adjust according to time, occupancy, or surrounding light. These technologies improve comfort, security, and energy efficiency.
Further, North America is expected to experience a higher CAGR during this forecast period, fueled by the presence of leading lighting manufacturers, a strong tradition of early technology adoption, and well-established residential and commercial infrastructure. The region is also at the forefront of smart lighting innovations, fueled by trends such as human-centric lighting, voice-enabled systems, and IoT-driven solutions.
Lighting Market: Growth and Trends
Lighting fundamentally refers to the use of artificial light to achieve both functional and aesthetic outcomes. It enhances visibility, boosts safety, and creates the atmosphere in various settings, including homes, public spaces, and industrial areas. Lighting is essential in fields such as interior design, photography, commercial buildings, and outdoor spaces.Traditionally, most lighting sources were incandescent and fluorescent bulbs, which consumed more energy and had a shorter lifespan. However, the lighting industry has rapidly progressed. LED lighting has now become the primary choice, offering increased energy efficiency, reduced maintenance needs, and a longer duration of use.
Governments globally are promoting the shift toward LED and other energy-efficient lighting options. As a result, with ongoing technological progress and the rising demand for energy-efficient and intelligent lighting solutions, the lighting market is expected to grow at a steady pace during the forecast period.
Lighting Market: Key Segments
Market Share by Type of Lighting
Based on type of lighting, the global lighting market is segmented into LED lighting, fluorescent lights, CFLs, halogen, HID, and incandescent bulbs. According to our estimates, currently, the LED lighting segment captures the majority of the market share and this trend is unlikely to change in future. This can be attributed to the fact that LED lighting provides an extended lifespan, decreased energy consumption, and lower maintenance requirements. Additionally, producers are gradually discontinuing outdated lighting technologies in favor of eco-friendly, high-performance LED options.Market Share by Type of Application
Based on type of application, the global lighting market is segmented into indoor lighting, outdoor lighting, automotive lighting and smart lighting systems. According to our estimates, currently, the indoor lighting segment captures the majority of the market share during the forecast period, owing to the strong demand in residential developments and upgrades in homes and office spaces. People are swapping out older bulbs for energy-efficient LEDs, particularly in nations implementing national energy-efficiency initiatives.However, the outdoor lighting category is expected to grow at a higher CAGR during the forecast period. This can be attributed to the urbanization and infrastructure growth that is increasing around the world. Cities are dedicating resources to smart poles, light fixtures with sensors, and solar-powered streetlights.
Market Share by Type of End User
Based on type of end user, the global lighting market is segmented into commercial, industrial and residential. According to our estimates, currently, the residential sector captures the majority of the market share. This can be attributed to the fact that various people are attracted to LED lighting because it lowers energy costs and has a longer lifespan. Moreover, in various areas, governments provide rebates or incentives for transitioning to LEDs, which encourages wider adoption.However, the commercial sector is expected to grow at a higher CAGR during the forecast period. This growth can be attributed to the varied fact that offices, hotels, and shopping centers are shifting towards smart lighting systems that automatically adjust according to time, occupancy, or surrounding light. These technologies improve comfort, security, and energy efficiency.
Market Share by Type of Installation
Based on type of installation, the global lighting market is segmented into new installation and retrofit installation. According to our estimates, currently, the retrofit installations segment captures the majority of the market share. However, the new installations segment is expected to grow at a higher CAGR during the forecast period, owing to an increase in smart buildings and environmentally friendly construction.Market Share by Geographical Regions
Based on geographical regions, the lighting market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently Asia-Pacific captures the majority share of the market. This can be attributed to a huge population base and rapidly expanding urban areas. Moreover, countries such as China, India, and several Southeast Asian nations are actively promoting energy-efficient solutions and smart city initiatives.Further, North America is expected to experience a higher CAGR during this forecast period, fueled by the presence of leading lighting manufacturers, a strong tradition of early technology adoption, and well-established residential and commercial infrastructure. The region is also at the forefront of smart lighting innovations, fueled by trends such as human-centric lighting, voice-enabled systems, and IoT-driven solutions.
Lighting Market: Research Coverage
The report on the lighting market features insights on various sections, including:- Market Sizing and Opportunity Analysis: An in-depth analysis of the lighting market, focusing on key market segments, including [A] type of lighting, [B] type of application, [C] type of end use, [D] type of installation, and [E] geographical regions.
- Competitive Landscape: A comprehensive analysis of the companies engaged in the lighting market, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters and [D] ownership structure.
- Company Profiles: Elaborate profiles of prominent players engaged in the lighting market, providing details on [A] location of headquarters, [B] company size, [C] company mission, [D] company footprint, [E] management team, [F] contact details, [G] financial information, [H] operating business segments, [I] lighting portfolio, [J] moat analysis, [K] recent developments, and an informed future outlook.
- SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.
- Value Chain Analysis: A comprehensive analysis of the value chain, providing information on the different phases and stakeholders involved in the lighting market
Key Questions Answered in this Report
- How many companies are currently engaged in lighting market?
- Which are the leading companies in this market?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
Reasons to Buy this Report
- The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
- Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
- The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
Additional Benefits
- Complimentary Excel Data Packs for all Analytical Modules in the Report
- 15% Free Content Customization
- Detailed Report Walkthrough Session with the Research Team
- Free Updated report if the report is 6-12 months old or older
Table of Contents
1. PREFACE
2. RESEARCH METHODOLOGY
3. ECONOMIC AND OTHER PROJECT SPECIFIC CONSIDERATIONS
4. MACRO-ECONOMIC INDICATORS
6. INTRODUCTION
7. COMPETITIVE LANDSCAPE
8. COMPANY PROFILES
11. GLOBAL LIGHTING MARKET
12. MARKET OPPORTUNITIES BASED ON TYPE OF LIGHTING
13. MARKET OPPORTUNITIES BASED ON TYPE OF APPLICATION
14. MARKET OPPORTUNITIES BASED ON TYPE OF END USER
15. MARKET OPPORTUNITIES BASED ON TYPE OF INSTALLATION
16. MARKET OPPORTUNITIES FOR LIGHTING IN NORTH AMERICA
17. MARKET OPPORTUNITIES FOR LIGHTING IN EUROPE
18. MARKET OPPORTUNITIES FOR LIGHTING IN ASIA
19. MARKET OPPORTUNITIES FOR LIGHTING IN MIDDLE EAST AND NORTH AFRICA (MENA)
20. MARKET OPPORTUNITIES FOR LIGHTING IN LATIN AMERICA
21. MARKET OPPORTUNITIES FOR LIGHTING IN REST OF THE WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acuity Brands
- CITIZEN ELECTRONICS
- Cree
- Dialighi
- GE Lighting
- Havells
- Hubble
- Koninklijke Philip
- LEDtronics
- LG Electronics
- Lumerica
- Nanoleaf
- Nichia
- OSRAM
- Panasonic
- Patroit LED
- Savant Systems
- Seoul Semiconductor
- Shneider
- Signify Holding
- Siteco
- Syska
- YEEKIGHT
- Zumtobel
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 223 |
| Published | December 2025 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value ( USD | $ 136.89 Billion |
| Forecasted Market Value ( USD | $ 252.65 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
