Global Electric Lighting Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

General Lighting, and Back Lighting.

By Product Type;

LED Lighting, Fluorescent Lighting, Halogen Lighting, and Incandescent Lighting.

By Technology;

Smart Lighting, Solar Lighting, and Conventional Lighting.

By Application;

Residential, Commercial, Automotive, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn589242011 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Electric Lighting Equipment Market (USD Million), 2021 - 2031

In the year 2024, the Global Electric Lighting Equipment Market was valued at USD 164,005.21 million. The size of this market is expected to increase to USD 284,739.99 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.2%.

The Global Electric Lighting Equipment Market is a dynamic and essential sector within the broader electrical and electronic equipment industry. Over the years, lighting has transitioned from basic illumination to a key component of modern living spaces, with increasing demand for energy-efficient, sustainable, and innovative solutions. The market is driven by advancements in lighting technologies, including LED (Light Emitting Diode), OLED (Organic Light Emitting Diode), and smart lighting systems. These innovations are not only revolutionizing the way we light our homes and workplaces but also contributing to energy conservation efforts, which have become a key priority for governments, businesses, and consumers alike.

The global electric lighting equipment market encompasses a wide range of products, from residential lighting fixtures to complex industrial and commercial lighting systems. This sector is characterized by constant technological evolution, where traditional incandescent bulbs have been replaced by more energy-efficient and durable solutions such as LEDs, which dominate the market. As energy conservation and sustainability continue to drive consumer preferences, LED lighting solutions have gained substantial market share due to their long lifespan, low energy consumption, and low maintenance costs. Additionally, advancements in smart lighting, which allows users to control their lighting remotely and integrate it with other smart home systems, are further shaping the market.

Factors such as urbanization, increasing disposable incomes, and the growing demand for aesthetically pleasing and multifunctional lighting solutions are also contributing to the expansion of the global electric lighting equipment market. Governments worldwide are implementing regulations that mandate energy-efficient lighting products, leading to a surge in demand for LED lighting systems. Additionally, the rising trend of smart cities and the increased integration of smart technologies in residential, commercial, and industrial buildings are influencing the growth of the market. This has led to the emergence of new market segments focusing on intelligent lighting systems that can be controlled via mobile apps, voice commands, or automated systems.

The market is highly competitive, with numerous players ranging from established lighting manufacturers to emerging companies focusing on innovative products and solutions. The global electric lighting equipment market is expected to witness substantial growth over the next decade as the demand for energy-efficient lighting solutions continues to rise. With advancements in technologies such as OLED, smart lighting, and connected lighting systems, the market is poised for transformation. Additionally, the increasing focus on sustainability, energy efficiency, and reducing carbon footprints will continue to drive the evolution of the lighting equipment industry, making it an exciting space for innovation and investment.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Product Type
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Electric Lighting Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Urbanization and Infrastructure Development
        2. Increasing Demand for Energy-Efficient Lighting Solutions
        3. Government Initiatives and Regulations Promoting Energy Conservation
      2. Restraints
        1. High Initial Cost of Advanced Lighting Technologies
        2. Limited Awareness in Emerging Markets
        3. Short Lifecycle of Some Lighting Equipment
      3. Opportunities
        1. Expansion of Smart Cities and Urban Development
        2. Integration of Renewable Energy Sources with Lighting Solutions
        3. Growing Demand for Decorative and Custom Lighting Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Electric Lighting Equipment Market, By Type, 2021 - 2031 (USD Million)
      1. General Lighting
      2. Back Lighting
    2. Global Electric Lighting Equipment Market, By Product Type, 2021 - 2031 (USD Million)
      1. LED Lighting
      2. Fluorescent Lighting
      3. Halogen Lighting
      4. Incandescent Lighting
    3. Global Electric Lighting Equipment Market, By Technology, 2021 - 2031 (USD Million)
      1. Smart Lighting
      2. Solar Lighting
      3. Conventional Lighting
    4. Global Electric Lighting Equipment Market, By Application, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Automotive
      4. Others
    5. Global Electric Lighting Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Foshan Electrical and Lighting
      2. Signify
      3. Samsung
      4. LiteOn
      5. Panasonic
      6. Cree
      7. General Electric
      8. Philips
      9. Eaton
      10. Hubbell
      11. Schneider Electric
      12. Acuity Brands
      13. Osram
      14. Toshiba
      15. MLS Co Ltd
  7. Analyst Views
  8. Future Outlook of the Market