Global Residential Lighting Fixtures Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Source;

Incandescent, Fluorescent, and LED & OLED.

By Product;

Ceiling, Pendant & Chandeliers, Wall Mounted, Portable, and Others.

By Distribution Channel;

Offline and Online.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn397815777 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Residential Lighting Fixtures Market (USD Million), 2021 - 2031

In the year 2024, the Global Residential Lighting Fixtures Market was valued at USD 19,408.40 million. The size of this market is expected to increase to USD 28,232.99 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.5%.

The global residential lighting fixtures market has been experiencing steady growth in recent years, driven by various factors such as urbanization, rising disposable incomes, and increasing awareness about energy-efficient lighting solutions. Lighting fixtures play a crucial role in enhancing the aesthetics and functionality of residential spaces, ranging from living rooms and bedrooms to kitchens and outdoor areas. As homeowners seek to create comfortable and visually appealing environments, there has been a growing demand for innovative and stylish lighting fixtures that complement modern interior designs.

The global push towards sustainability and energy conservation has spurred the adoption of energy-efficient lighting solutions in residential settings. LED lighting fixtures, in particular, have gained immense popularity due to their long lifespan, low energy consumption, and eco-friendly attributes. Governments and regulatory bodies worldwide are also implementing stringent energy efficiency standards and incentives to encourage the adoption of LED lighting, thereby driving the growth of the residential lighting fixtures market.

Advancements in lighting technology, such as smart lighting systems and connected fixtures, are reshaping the residential lighting landscape. Smart lighting solutions offer homeowners greater control over their lighting environment, allowing them to adjust brightness, color, and ambiance remotely through smartphone apps or voice commands. These innovative features not only enhance convenience and comfort but also contribute to energy savings by optimizing lighting usage based on occupancy and natural light conditions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Source
    2. Market Snapshot, By Product
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By Region
  4. Global Residential Lighting Fixtures Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Efficiency Regulations

        2. Increasing Adoption of Smart Lighting Solutions

        3. Home Renovation

      2. Restraints
        1. High Initial Cost of LED Fixtures

        2. Market Saturation in Developed Regions

        3. Economic Uncertainty Impacting Consumer Spending

      3. Opportunities
        1. Emerging Markets in Asia-Pacific and Latin America

        2. Demand for Decorative and Architectural Lighting

        3. Integration with IoT

    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 Residential Lighting Fixtures Market, By Source, 2021 - 2031 (USD Million)
      1. Incandescent
      2. Fluorescent
      3. LED & OLED
    2. Global Residential Lighting Fixtures Market, By Product, 2021 - 2031 (USD Million)
      1. Ceiling
      2. Pendant & Chandeliers
      3. Wall Mounted
      4. Portable
      5. Others
    3. Global Residential Lighting Fixtures Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Offline
      2. Online
    4. Global Residential Lighting Fixtures 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. Koninklijke Philips N.V.
      2. Cree Inc.
      3. General Electric
      4. Hubbell Lighting, Inc.
      5. Acuity Brands, Inc.
      6. Eaton Corporation
      7. Panasonic Corporation
      8. OSRAM Licht AG
      9. Nichia Corporation
      10. Everlight Electronics Co.
  7. Analyst Views
  8. Future Outlook of the Market