Lighting Market Growth, Trends, and Forecast by 2030

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Lighting Market covers analysis by Type (Electrically-powered, Solar-powered); Application (Architectural Lighting, Signage, Backlight, Outdoor Lighting, Others); Technology (CFL, Fluorescent, Halogen, High Intensity Discharge (HID), Light Emitting Diode (LED), Organic Light Emitting Diode (OLED)); Industry Vertical (Automotive, Retail, Corporate and Government, Hospitality, Healthcare, Marine and Aerospace, Agriculture, Others) and Geography , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Date : Aug 2025
  • Report Code : TIPTE100000267
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

MARKET INTRODUCTION



The lighting industry has been witnessing revolutions in terms of products and technology. Lighting today has become quintessential, and advancements in the lighting technology have made the lighting market more expandable. Thus, several new companies are entering the lighting industry, fueling the growth of the lighting market in the years to come.

MARKET DYNAMICS



The lighting market is anticipated to grow in the forecast period owing to driving factors such as increasing building and construction activities coupled with demand for power-efficient illuminating systems. Reduction in prices of LED is further likely to augment market growth. However, the development of wireless technology is expected to offer a lucrative opportunity for the major players involved in the lighting market during the forecast period.

MARKET SCOPE



The "Global Lighting Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductors industry with a special focus on the global market trend analysis. The report aims to provide an overview of lighting market with detailed market segmentation by type, application, technology, industry vertical, and geography. The global lighting market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lighting market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION



The global lighting market is segmented on the basis of type, application, technology, and industry vertical. Based on type, the market is segmented as Electrically-powered and Solar-powered. On the basis of the application the market is segmented as architectural lighting, signage, backlight, outdoor lighting, and others. By technology, the market is segmented as CFL, fluorescent, halogen, high intensity discharge (HID), light emitting diode (LED), and organic light emitting diode (OLED). The market on the basis of the industry vertical is classified as automotive, retail, corporate and government, hospitality, healthcare, marine and aerospace, agriculture, and others.

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  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.


REGIONAL FRAMEWORK



The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global lighting market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The lighting market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting lighting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the lighting market in these regions.

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  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.



MARKET PLAYERS



The reports cover key developments in the lighting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from lighting market are anticipated to lucrative growth opportunities in the future with the rising demand for lighting in the global market. Below mentioned is the list of few companies engaged in the lighting market.

The report also includes the profiles of key lighting companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

  • Acuity Brands, Inc.
  • Cree, Inc.
  • Crompton Greaves Consumer Electricals Ltd.
  • Dialight
  • GE Lighting
  • Hubbell Incorporated
  • Infineon Technologies AG
  • Lutron Electronics Co., Inc.
  • Osram Licht AG
  • Signify Holding

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Lighting Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) XX%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Type
  • Electrically-powered
  • Solar-powered
By Application
  • Architectural Lighting
  • Signage
  • Backlight
  • Outdoor Lighting
By Technology
  • CFL
  • Fluorescent
  • Halogen
  • High Intensity Discharge
  • Light Emitting Diode
  • Organic Light Emitting Diode
By Industry Vertical
  • Automotive
  • Retail
  • Corporate and Government
  • Hospitality
  • Healthcare
  • Marine and Aerospace
  • Agriculture
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Acuity Brands, Inc.
  • Cree, Inc.
  • Crompton Greaves Consumer Electricals Ltd.
  • Dialight
  • GE Lighting
  • Hubbell Incorporated
  • Infineon Technologies AG
  • Lutron Electronics Co., Inc.
  • Osram Licht AG
  • Naveen Chittaragi
    Naveen Chittaragi
    Associate Vice President,
    Market Research & Consulting

    Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

    Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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    The List of Companies

    1. Acuity Brands, Inc.
    2. Cree, Inc.
    3. Crompton Greaves Consumer Electricals Ltd.
    4. Dialight
    5. GE Lighting
    6. Hubbell Incorporated
    7. Infineon Technologies AG
    8. Lutron Electronics Co., Inc.
    9. Osram Licht AG
    10. Signify Holding

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