Product Code: GVR-4-68040-521-3
Lighting Market Size & Trends:
The global lighting market size was estimated at USD 151.75 billion in 2024 and is anticipated to grow at a CAGR of 7.2% from 2025 to 2030. The global lighting market is experiencing steady growth, driven by increasing demand for energy-efficient solutions, urbanization, and smart lighting technologies. Traditional lighting solutions, such as incandescent and halogen bulbs, are being phased out in favor of LED lighting, which dominates the market due to its superior energy efficiency, longer lifespan, and cost-effectiveness. Government regulations promoting energy conservation and sustainability are also accelerating the adoption of LEDs and smart lighting systems in residential, commercial, and industrial spaces. The rise of smart cities, infrastructure development, and Internet of Things (IoT)-enabled lighting solutions is shaping the future of industry.
Smart lighting systems integrated with IoT, AI, and automation are revolutionizing the lighting industry by enabling remote control, adaptive lighting, and energy optimization. These systems allow users to adjust brightness, color temperature, and schedules via mobile apps or voice assistants, improving convenience and efficiency. AI-driven automation helps optimize energy use by adjusting lighting based on occupancy and daylight availability. Additionally, the rapid expansion of commercial and residential construction projects, particularly in urban areas, is driving demand for modern lighting solutions. Smart lighting is becoming a key feature in smart homes, offices, and cities, enhancing energy savings, security, and user experience while supporting global sustainability initiatives and energy efficiency goals.
The proliferation of low-quality and counterfeit LED products undermines market reliability and consumer trust, as these products often fail to meet safety and efficiency standards. Additionally, environmental concerns regarding the disposal and recycling of lighting products, particularly CFLs and fluorescent Halogen containing mercury, pose significant regulatory challenges. Governments and industry players are focusing on strict quality control measures and eco-friendly disposal regulations to mitigate risks, ensuring sustainable lighting solutions, and reducing hazardous waste impacts on the environment.
The future of the lighting industry is expected to be shaped by technological advancements, energy efficiency regulations, and smart lighting adoption. Smart and connected lighting solutions, integrated with AI and IoT, will drive innovation, allowing automated lighting control based on occupancy, daylight levels, and energy-saving preferences. Human-centric lighting (HCL), which adjusts color temperature and intensity to enhance productivity and well-being, is gaining popularity in workplaces, healthcare, and residential spaces.
Global Lighting Market Report Segmentation
This report forecasts market Size growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global lighting market report based on type, application, distribution channel, end use, and region.
- Lighting Type Outlook (Market Size, USD Million, 2018 - 2030)
- CFL
- Fluorescent Lighting
- Halogen
- HID
- Incandescent
- LED Lighting
- Lighting Application Outlook (Market Size, USD Million, 2018 - 2030)
- Indoor Lighting
- Outdoor Lighting
- Smart Lighting
- Lighting Distribution Channel Outlook (Market Size, USD Million, 2018 - 2030)
- Online
- Offline
- Lighting End Use Outlook (Market Size, USD Million, 2018 - 2030)
- Commercial
- Residential
- Industrial
- Lighting Regional Outlook (Market Size, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Applications
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Lighting Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Lighting Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Lighting Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Lighting Market: Type Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. CFL
- 4.3.1. CFL Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Fluorescent Lighting
- 4.4.1. Fluorescent Lighting Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Halogen
- 4.5.1. Halogen Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. HID
- 4.6.1. HID Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Incandescent
- 4.7.1. Incandescent Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8. LED Lighting
- 4.8.1. LED Lighting Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Lighting Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Lighting Market: Application Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Indoor Lighting
- 5.3.1. Indoor Lighting Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Outdoor Lighting
- 5.4.1. Outdoor Lighting Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Smart Lighting
- 5.5.1. Smart Lighting Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Lighting Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Lighting Market: Distribution Channel Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Online
- 6.3.1. Online Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Offline
- 6.4.1. Offline Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Lighting Market: End Use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Lighting Market: End Use Movement Analysis, 2024 & 2030 (USD Million)
- 7.3. Commercial
- 7.3.1. Commercial Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Residential
- 7.4.1. Residential Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Industrial
- 7.5.1. Industrial Market, Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Lighting Market: Regional Estimates & Trend Analysis
- 8.1. Lighting Market Share, By Region, 2024 & 2030 (USD Million)
- 8.2. North America
- 8.2.1. North America Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Australia Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. UAE
- 8.6.2.1. UAE Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. KSA
- 8.6.3.1. KSA Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Market Share
- 9.4. Company Heat Map Analysis
- 9.5. Company Profiles/Listing
- 9.5.1. Acuity Brands, Inc.
- 9.5.1.1. Participant's Overview
- 9.5.1.2. Financial Performance
- 9.5.1.3. Product Benchmarking
- 9.5.1.4. Strategic Initiatives
- 9.5.2. Signify Holding
- 9.5.2.1. Participant's Overview
- 9.5.2.2. Financial Performance
- 9.5.2.3. Product Benchmarking
- 9.5.2.4. Strategic Initiatives
- 9.5.3. OSRAM GmbH
- 9.5.3.1. Participant's Overview
- 9.5.3.2. Financial Performance
- 9.5.3.3. Product Benchmarking
- 9.5.3.4. Strategic Initiatives
- 9.5.4. Eaton Corporation
- 9.5.4.1. Participant's Overview
- 9.5.4.2. Financial Performance
- 9.5.4.3. Product Benchmarking
- 9.5.4.4. Strategic Initiatives
- 9.5.5. Cree Lighting
- 9.5.5.1. Participant's Overview
- 9.5.5.2. Financial Performance
- 9.5.5.3. Product Benchmarking
- 9.5.5.4. Strategic Initiatives
- 9.5.6. Nichia Corporation
- 9.5.6.1. Participant's Overview
- 9.5.6.2. Financial Performance
- 9.5.6.3. Product Benchmarking
- 9.5.6.4. Strategic Initiatives
- 9.5.7. GE Lighting
- 9.5.7.1. Participant's Overview
- 9.5.7.2. Financial Performance
- 9.5.7.3. Product Benchmarking
- 9.5.7.4. Strategic Initiatives
- 9.5.8. Seoul Semiconductor Co., Ltd.
- 9.5.8.1. Participant's Overview
- 9.5.8.2. Financial Performance
- 9.5.8.3. Product Benchmarking
- 9.5.8.4. Strategic Initiatives
- 9.5.9. Everlight Electronics Co., Ltd.
- 9.5.9.1. Participant's Overview
- 9.5.9.2. Financial Performance
- 9.5.9.3. Product Benchmarking
- 9.5.9.4. Strategic Initiatives
- 9.5.10. Hubbell Incorporated
- 9.5.10.1. Participant's Overview
- 9.5.10.2. Financial Performance
- 9.5.10.3. Product Benchmarking
- 9.5.10.4. Strategic Initiatives
- 9.5.11. Zumtobel Group
- 9.5.11.1. Participant's Overview
- 9.5.11.2. Financial Performance
- 9.5.11.3. Product Benchmarking
- 9.5.11.4. Strategic Initiatives
- 9.5.12. Siteco GmbH
- 9.5.12.1. Participant's Overview
- 9.5.12.2. Financial Performance
- 9.5.12.3. Product Benchmarking
- 9.5.12.4. Strategic Initiatives
- 9.5.13. Panasonic Holdings Corporation
- 9.5.13.1. Participant's Overview
- 9.5.13.2. Financial Performance
- 9.5.13.3. Product Benchmarking
- 9.5.13.4. Strategic Initiatives
- 9.5.14. Havells India Ltd
- 9.5.14.1. Participant's Overview
- 9.5.14.2. Financial Performance
- 9.5.14.3. Product Benchmarking
- 9.5.14.4. Strategic Initiatives
- 9.5.15. Toshiba Lighting
- 9.5.15.1. Participant's Overview
- 9.5.15.2. Financial Performance
- 9.5.15.3. Product Benchmarking
- 9.5.15.4. Strategic Initiatives