Electric Lighting Equipment Market Expected to Grow from USD 145.45 Billion in 2024 to USD 234.37 Billion by 2035

The Electric Lighting Equipment Market is experiencing consistent growth fueled by technological innovation, global sustainability initiatives, and increasing adoption of smart lighting systems. As urbanization accelerates and governments enforce stricter energy efficiency regulations, the demand for advanced lighting solutions continues to surge across residential, commercial, and industrial applications. The market was valued at USD 145.45 Billion in 2024, is projected to reach USD 151.90 Billion in 2025, and is expected to expand to USD 234.37 Billion by 2035, registering a CAGR of 4.43% during 2025–2035.

Market Overview & Forecast

• Market Size 2024: USD 145.45 Billion
• Market Size 2025: USD 151.90 Billion
• Market Size 2035: USD 234.37 Billion
• CAGR (2025–2035): 4.43%
• Base Year: 2024
• Market Forecast Period: 2025–2035
• Historical Data: 2020–2023
• Market Forecast Units: USD Billion
• Report Coverage: Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

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Competitive Landscape

Key players in the Electric Lighting Equipment Market are focusing on innovation, digital integration, and expanding their product portfolios to meet evolving energy and sustainability goals. Major companies include:

• Foshan Electrical and Lighting

• Signify

• Samsung

• LiteOn

• Panasonic

• Cree

• General Electric

• Philips

• Eaton

• Hubbell

• Schneider Electric

• Acuity Brands

• Osram

• Toshiba

• MLS Co. Ltd

These leading manufacturers are investing in IoT-enabled lighting systems, energy-efficient LEDs, and smart lighting networks that reduce energy consumption and operational costs while enhancing user experience.

Key Market Drivers

• Technological Advancements: Ongoing innovation in LED technology, automation, and connected lighting is enhancing performance and longevity.

• Energy Efficiency Trends: Rising energy costs and stringent government policies are driving the transition toward high-efficiency LED and smart lighting systems.

• Growing Urbanization: Expanding urban infrastructure and smart city projects are boosting the deployment of modern lighting solutions worldwide.

• Government Regulations: Policies promoting carbon reduction and sustainable energy use are accelerating the adoption of advanced lighting equipment.

• Sustainability Initiatives: Eco-friendly manufacturing practices and recyclable lighting materials are becoming key differentiators for global manufacturers.

Key Market Opportunities

• Smart Lighting Technology Integration: Expansion of IoT-enabled systems for residential and commercial applications presents lucrative opportunities.

• Energy-Efficient LED Advancements: Continuous improvement in LED design and functionality enhances light quality and power savings.

• Sustainable Lighting Solutions Demand: Growing environmental awareness encourages the development of green and recyclable lighting products.

• Urban Infrastructure Development Projects: Government and private investments in smart cities and public lighting are fueling market expansion.

• Increased Investments in Renewable Sources: Integration of solar-powered and hybrid lighting systems supports global renewable energy goals.

Market Trends & Dynamics

• Adoption of Smart and Connected Lighting: Intelligent lighting systems featuring motion sensors, remote control, and data analytics are gaining traction.

• Integration with Building Automation Systems (BAS): Seamless control over lighting enhances efficiency and comfort in smart buildings.

• Rise of Human-Centric Lighting: Adaptive lighting that aligns with human circadian rhythms is increasingly used in workplaces and healthcare.

• Miniaturization and Design Innovation: Compact, stylish lighting solutions are appealing to both residential and architectural markets.

• Emergence of Wireless Lighting Systems: Bluetooth and Wi-Fi-enabled solutions are simplifying installation and expanding automation options.

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Market Segmentation

By Product Type:

• Lamps

• Fixtures

• Control Systems

By Application:

• Residential

• Commercial

• Industrial

• Outdoor/Public Infrastructure

By Technology:

• LED

• Fluorescent

• Incandescent

• Others

By End Use:

• Smart Homes

• Offices

• Manufacturing Facilities

• Public Lighting

• Transportation

By Region:

• North America

• Europe

• Asia Pacific (APAC)

• South America

• Middle East & Africa (MEA)

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Geographical Insights

• North America: Dominates the market with strong government support for energy efficiency programs and rapid adoption of smart lighting technologies.

• Europe: Witnessing growth due to sustainability regulations, circular economy initiatives, and widespread LED retrofit programs.

• Asia Pacific: Fastest-growing region, driven by rapid urbanization, infrastructure investments, and smart city initiatives in China, India, and Japan.

• South America: Steady growth supported by commercial developments and public lighting modernization projects.

• Middle East & Africa: Emerging opportunities fueled by infrastructure development and renewable energy lighting solutions, particularly in GCC nations.

The Electric Lighting Equipment Market is poised for steady expansion through 2035, powered by the growing demand for energy-efficient, connected, and sustainable lighting technologies. As smart city projects, environmental mandates, and technological innovation continue to shape the industry, manufacturers are focusing on developing next-generation solutions that enhance performance, connectivity, and sustainability. With a projected CAGR of 4.43% (2025–2035), the market will remain central to the evolution of global urban and industrial infrastructure.

Read the Research Report Insights in Regional Language:

电气照明设备市场 | Marché des équipements d'éclairage électrique | 電気照明器具市場 | Markt für elektrische Beleuchtungsgeräte | 전기 조명 장비 시장 | Mercado de equipos de iluminación eléctrica

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