Lighting Market, By Lighting Type, By Application, By Distribution Channel, By End Use, By Country, and By Region – Global Industry Analysis, Market Size, Market Share & Forecast from 2025-2032

REPORT HIGHLIGHT

Lighting market size was valued at US$ 150,980.54 Million in 2024, expanding at a CAGR of 6.25% from 2025 to 2032.

Lighting encompasses a broad range of solutions designed for residential, commercial, industrial, and outdoor environments. It includes traditional technologies such as incandescent and fluorescent lighting, as well as advanced innovations like LED, OLED, and smart lighting systems. The industry is rapidly evolving toward energy-efficient, eco-friendly, and connected lighting products that enhance user experience while reducing energy consumption and supporting sustainability initiatives. Key trends include the integration of smart lighting with IoT, adaptive controls, and human-centric designs that improve comfort and productivity. Factors like urbanization, infrastructure growth, and stricter energy regulations are driving widespread adoption and ongoing innovation in lighting solutions globally.

Lighting Market- Market Dynamics
Growing energy efficiency focus, urbanization, and smart city projects to propel demand

Rising global energy consumption and environmental concerns are driving adoption of energy-efficient lighting solutions such as LEDs and smart lighting systems. The International Energy Agency (IEA) reports that lighting accounts for nearly 15% of worldwide electricity use, with LED technologies expected to cut this by over 40% by 2030. Concurrently, the United Nations states that over 56% of the global population lived in urban areas in 2023, increasing demand for advanced lighting in commercial, residential, and public infrastructure. Smart city initiatives incorporating IoT-connected lighting to improve energy management and public safety are further accelerating adoption. Additionally, government policies promoting energy-saving programs and eco-labeling encourage manufacturers to innovate low-power, durable, and sustainable lighting solutions. Rising infrastructure investments and digitization also boost opportunities for integrated lighting ecosystems across industries.

Lighting Market- Segmentation Analysis:

The Global Lighting Market is segmented on the basis of Lighting Type, Application, Distribution Channel, End Use, and Region.

Based on Lighting Type, the market comprises CFL, Halogen, Fluorescent Lighting, LED Lighting, and HID. The LED Lighting segment leads due to superior energy efficiency and durability. The U.S. Department of Energy (DOE) reports that LED lighting accounted for approximately 69% of all lighting sales in the U.S. in 2023, with projected growth to 85% by 2030, supported by federal efficiency standards. Fluorescent lighting is used primarily in commercial and industrial facilities but is declining due to LED replacements. Halogen and HID lighting remain in use for specialized outdoor and automotive applications but are facing regulatory restrictions in regions such as the European Union, which plans to phase out halogen lamps by 2025 under the Ecodesign Directive.

Based on the application, the segments include Smart Lighting, Outdoor Lighting, and Indoor Lighting. The Smart Lighting segment is expanding rapidly, driven by government-backed smart city initiatives worldwide. The U.S. National Institute of Standards and Technology (NIST) highlights that smart lighting infrastructure investments increased by over 25% annually between 2019 and 2023, boosting efficiency and energy savings in public spaces. Outdoor lighting benefits from government programs promoting energy-efficient street lighting; for example, the U.S. DOE’s Street and Area Lighting program reports that energy-efficient outdoor lighting retrofits have reduced municipal energy consumption by up to 40% since 2019. Indoor lighting remains dominant, with widespread adoption fueled by updated building codes and federal incentives for energy-efficient lighting in residential and commercial construction.

Lighting Market- Geographical Insights

The global lighting sector shows significant regional variation shaped by energy policies, urban infrastructure development, and environmental regulations. Asia-Pacific dominates the market, fueled by rapid urbanization, industrial growth, and expanding smart city projects in China, India, Japan, and South Korea. According to the United Nations, Asia accounted for over 54% of the global urban population in 2023, driving sustained demand for both residential and commercial lighting solutions.

North America is expected to witness the fastest growth rate, supported by stringent energy efficiency regulations and incentives. The U.S. Energy Information Administration (EIA) reports that lighting energy consumption in U.S. commercial buildings decreased by 15% between 2018 and 2023, reflecting widespread LED adoption and smart lighting integration. Europe maintains steady growth due to progressive regulatory frameworks such as the EU Ecodesign Directive, which mandates the phase-out of inefficient lighting technologies and promotes LED deployment, enhancing sustainability efforts across member countries.

U.S. Lighting Market- Country Insights

The United States leads the global lighting sector, driven by widespread adoption of energy-efficient technologies, robust regulatory support, and significant investment in smart infrastructure. According to the U.S. Energy Information Administration (EIA), LED lighting accounted for nearly 70% of all lighting installations in commercial and residential sectors by 2023, underscoring rapid market transformation. The U.S. Department of Energy’s (DOE) Energy Star program further promotes efficient lighting through stringent certification standards and consumer awareness campaigns.

Strong government incentives for retrofitting commercial and public buildings, combined with growing smart city initiatives integrating IoT-enabled lighting, boost demand for advanced lighting solutions. Additionally, high consumer awareness regarding sustainability and cost savings drives LED and smart lighting penetration.

Lighting Market- Competitive Landscape:

Intensifying demand for energy-efficient and smart lighting solutions is driving competition in the global lighting sector. Major players include Signify Holding, Eaton Corporation, OSRAM GmbH, Cree Lighting, GE Lighting, Nichia Corporation, Seoul Semiconductor Co., Ltd., and others. These companies compete on innovation in LED technology, smart controls, product quality, and sustainability. Key strategies involve expanding LED and smart lighting portfolios, investing in IoT-enabled solutions, enhancing energy efficiency, and forming strategic partnerships to grow geographic presence. Many are also focusing on sustainability initiatives such as recyclable materials and reducing carbon footprints to meet environmental regulations and consumer expectations for green lighting.

Recent Developments:

In December 2025, GE Lighting, a Savant company, launched a refreshed reveal® series and introduced its new Light + Form LED bulb lineup, blending sculptural design with high definition illumination. The updated reveal bulbs deliver balanced, natural light with improved color accuracy, while Light + Form bulbs serve as both décor and lighting for modern interiors.
In November 2025, Lucent Lighting launched its new Mini Series at LIGHT 25, showcasing compact, high-performance LED luminaires designed for flexibility and architectural integration. The lineup emphasizes precision optics, energy efficiency, and streamlined form factors for commercial and hospitality spaces, enhancing design versatility while reducing energy use and installation complexity.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL LIGHTING MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

Signify Holding
Eaton Corporation
OSRAM GmbH
Cree Lighting
GE Lighting
Nichia Corporation
Seoul Semiconductor Co., Ltd.
Hubbell Incorporated
Everlight Electronics Co., Ltd.
Zumtobel Group
Panasonic Holdings Corporation
Siteco GmbH
Toshiba Lighting
Havells India Ltd.
Acuity Brands, Inc.
Koninklijke Philips N.V.
LG Electronics Inc.
Shanghai Feilo Acoustics Co., Ltd.
Fagerhult Group
Others

GLOBAL LIGHTING MARKET, BY LIGHTING TYPE- MARKET ANALYSIS, 2019 - 2032

CFL
Halogen
Fluorescent Lighting
LED Lighting
HID

GLOBAL LIGHTING MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032

Smart Lighting
Outdoor Lighting
Indoor Lighting

GLOBAL LIGHTING MARKET, BY DISTRIBUTION CHANNEL- MARKET ANALYSIS, 2019 - 2032

Online
Offline

GLOBAL LIGHTING MARKET, BY END USE- MARKET ANALYSIS, 2019 - 2032

Industrial
Residential
Commercial

GLOBAL LIGHTING MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Sweden
Russia
Poland
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Australia
Indonesia
Thailand
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
UAE
Israel
Turkey
Algeria
Egypt
Rest of MEA Show more