How Has The General Lighting Market Size Evolved Historically?
The general lighting market has seen considerable growth due to a variety of factors.
• The overall market size for general lighting has been experiencing significant growth in the past few years. Its size is projected to expand from $99.17 billion in 2024 to $105.28 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.2%.
The historical growth can be linked to robust economic expansion in growing markets, a surge in voice assistant gadgets, favorable low-interest rates, growth in internet accessibility, heavy investment, and a rise in per capita income.
What Will Be The General Lighting Market Size In The Future?
The general lighting market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the general lighting market is anticipated to witness robust growth, with its value forecasted to reach $128.86 billion in 2029, expanding at a compound annual growth rate (CAGR) of 5.2%.
This growth during the projection period can be credited to a consistent rise in construction activities, a drop in the production cost of LEDs, swelling urbanization, growing electricity consumption, and population increase. Key trends for this period consist of a surge in demand for LI-FI (light fidelity), advancements in human-centric and smart lighting, the emergence of healthy lighting technology, a rise in mergers and acquisitions, the introduction of wi-fi enabled led bulbs, launch of innovative products, and a soaring demand for led lights due to their energy efficiency.
What Are The Core Factors Supporting Growth In General Lighting Market?
Demand for general lighting worldwide is on the rise, driven by the consistent growth in construction activities. As the number of office spaces and apartment complexes swell, so does the need for lighting equipment. A prediction by Global Construction Perspectives and Oxford Economics suggests that the global construction market will see a surge of over 70% by 2025. Consequently, this increased demand for construction efforts is likely to fuel the growth of the general lighting market in a positive way.
What are the Market Segments in the General Lighting Market?
The general lighting market covered in this report is segmented –
1) By Product Type: Light Emitting Diode (LED), Compact Fluorescent Lamps (CFL), Linear Fluorescent Lamps (LFL), High Intensity Discharge (HID), Halogens, Incandescent
2) By End User: Residential, Commercial, Outdoor, Industrial And Others
Subsegments:
1) By Light Emitting Diode (LED): LED Bulbs, LED Tubes, LED Downlights, Smart LED Lighting, Architectural LED Lighting
2) By Compact Fluorescent Lamps (CFL): Standard CFLs, CFL Reflectors, Dimmable CFLs, Specialty CFLs
3) By Linear Fluorescent Lamps (LFL): T5 Fluorescent Tubes, T8 Fluorescent Tubes, T12 Fluorescent Tubes, High Output (HO) Fluorescent Tubes
4) By High Intensity Discharge (HID): Metal Halide Lamps, High-Pressure Sodium (HPS) Lamps, Low-Pressure Sodium (LPS) Lamps, Mercury Vapor Lamps
5) By Halogens: Halogen Bulbs, Dimmable Halogen Lamps, Specialty Halogen Lamps
6) By Incandescent: Standard Incandescent Bulbs, Decorative Incandescent Lamps, Dimmable Incandescent Bulbs, Rough Service Incandescent Bulbs
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What Trends are Shaping the General Lighting Market Size?
Businesses are progressively adopting Li-fi (Light Fidelity) network in the production of general lighting equipment. Li-Fi is a wireless optical networking technology that harnesses light-emitting diodes (LEDs) to transmit data. The Li-fi bulbs have a small chip that manipulates the light employed in data transmission, capable of speeds up to 224 gigabits per second. In 2022, it was announced by Kyocera SLD Laser that they had developed the world's speediest Li-Fi system.
Who Are the Key Players in the General Lighting Market?
Major companies operating in the general lighting market include:
• Schneider Electric SE
• Panasonic Corporation
• Signify N.V.
• Osram Licht AG
• Acuity Brands. Inc.
• Eaton Corporation PLC
• GE Lighting
• Advanced Lighting Technologies
• LLC
• Honeywell International Inc.
• Wipro Limited
• Surya Roshni Ltd.
• Havell’s India Limited
• SSK Group
• Halonix
• Param LED Products
• MLS Lighting
• NVC International Holdings Limited
• OPPLE Lighting
• San’an Optoelectronics Co. Ltd
• Meka Electric Corporation
• YEELIGHT
• Odeer Lighting
• Longhorn Intelligent Tech Co.
• LTD
• Koninklijke Philips N.V.
• Decon Lighting Pvt. Ltd.
• Cooper Lighting
• LG Innotek
• Toshiba
• Perfand LEd
• Lena Lighting
• PXF Lighting
• Es-System
• ELBA
• Alpha Lighting
• Tes-Lamp
• Newled
• Elux
• Bergmen
• Ideal Industries
• Digital Lumens
• Dimonoff
• Cree
• LSI Industries Inc.
• Energy Focus. Inc.
• Lumileds
• OM lighting
• UL
• Dialight
• Sylvania Lighting
• Regency Lighting
• Frederico Lopes Leal
• Light Tool Industries E Comercio Ltd.
• Larsa Lighting
• Arrco
• Murano Lighting
• Led world me
• UC Lighting
• Lutron
• TRUST LED
• Citizen Electronics Co. Ltd.
• Shell Petroleum Development Corporation
• Light Line Investment Ltd
What are the Regional Insights into the General Lighting Market?
Asia-Pacific was the largest region in the general lighting market in 2024. North America was the second-largest region in the global general lighting market share. The regions covered in the general lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
