The high end lighting market has seen considerable growth due to a variety of factors.
• The high-end lighting market has grown steadily in recent years. It will grow from $20.23 billion in 2024 to $21.81 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.8%.
The growth is attributed to the growing acceptance of advanced and contemporary lighting solutions, urbanization, architectural trends, environmental consciousness, and economic expansion.
The high end lighting market is expected to maintain its strong growth trajectory in upcoming years.
• The high-end lighting market is expected to reach $29.1 billion by 2029, growing at a CAGR of 7.5%.
Growth is driven by smart home integration, customization preferences, energy efficiency standards, sustainability concerns, and the growth of smart cities. Key trends include technological advancements, design innovations, and the growing adoption of smart lighting.
The growing adoption of smart homes in developing countries is expected to propel the high-end lighting market. Smart homes, which use internet-connected devices for automation and control of lighting, heating, and security systems, are becoming increasingly popular due to rising incomes and a demand for convenience and energy efficiency. High-end lighting systems in smart homes offer advanced features such as remote control and customization. The number of smart homes in the U.S. is projected to rise from 63.43 million in 2023 to 93.59 million by 2027, as reported by Coolest Gadgets. This growth will likely drive the high-end lighting market forward.
The high end lighting market covered in this report is segmented –
1) By Type: Light-Emitting Diode Light, High-Intensity Discharge Lamps, Compact Fluorescent Lamps, Fluorescent Lamps, Plug-In Fluorescent, Other Types
2) By Interior Design: Modern, Traditional, Transitional
3) By Application: Wired, Wireless
4) By End User: Commercial, Industrial, Residential, Other End Users
Subsegments:
1) By Light-Emitting Diode Light: Standard Lights, Smart LED Lights, OLED (Organic LED) Lights, LED Bulbs, LED Fixtures
2) By High-Intensity Discharge Lamps: Metal Halide Lamps, High-Pressure Sodium Lamps, Mercury Vapor Lamps
3) By Compact Fluorescent Lamps: Standard CFLs, Dimmable CFLs, Plug-in CFLs, Spiral CFLs
4) By Fluorescent Lamps: Linear Fluorescent Lamps, U-Shaped Fluorescent Lamps, Circline Fluorescent Lamps
5) By Plug-In Fluorescent: 2-Pin Plug-In Fluorescent Lamps, 4-Pin Plug-In Fluorescent Lamps
6) By Other Types: Halogen Lamps, Incandescent Lamps, Xenon Lamps, Plasma Lamps, Gas Discharge Lamps
Leading organizations in the luxe lighting market are adopting cutting-edge lighting solutions like portable lighting that offer adaptability, ease, and multi-functionality for various indoor and outdoor environments. These portable lighting advancements further optimize luxury lighting by delivering adaptability, helping users to effortlessly alter and tailor lighting configurations for diverse spaces and activities, all the while maintaining supreme quality and elegance. For example, in June 2022, Signify Holding, a lighting company based in the Netherlands, unveiled a collection of hue smart lighting products that offer amplified flexibility, control, and design possibilities for smart home development. This product line includes the first ever fully customizable track lighting along with a novel smart switch. These products come with modern features such as portable rechargeable lamps and smart switches equipped with light control sensors, making them suitable for both indoor and outdoor use. These enhancements in the user experience augment the practicality of high-end smart home lighting and enrich the customer experience, while simultaneously reducing the expense associated with smart home setups.
Major companies operating in the high end lighting market are:
• General Electric Company
• LG Corporation
• Panasonic Corporation
• Honeywell International Inc.
• Eaton Corporation
• Legrand Group
• Signify NV
• OSRAM GmbH
• Hubbell Incorporated
• Acuity Brands Lighting Inc.
• Cree Inc.
• Lutron Electronics Co. Inc.
• Electronic Theatre Controls Inc.
• Kichler Lighting
• Tech Lighting LLC
• Maxim Lighting
• Minka Group
• Arteriors Build India Private Limited
• Quoizel LLC
• Hudson Valley Lighting Group International
• Hammerton Inc.
• Visual Comfort & Co.
• Hinkley Lighting Inc.
• Crystorama Lighting
• Feiss
• Holtkötter Licht GmbH
North America was the largest region in the high end lighting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high end lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.