What Is The Current and Historic Market Size Analysis Of The Interior Lighting Market?
The interior lighting market has seen considerable growth due to a variety of factors.
• The interior lighting market has experienced significant growth in recent years. It will increase from $77.37 billion in 2024 to $82.3 billion in 2025, with a CAGR of 6.4%.
The growth is attributed to urbanization and infrastructure development, the high demand for energy-efficient lighting systems, supportive government regulations, the use of smart lighting systems, and the rise of e-commerce.
What are the Market Size and Expected Growth Rates for the Interior Lighting Market?
The interior lighting market is expected to maintain its strong growth trajectory in upcoming years.
• The interior lighting market is expected to grow to $104.31 billion by 2029 with a CAGR of 6.1%.
The growth is attributed to home improvement trends, smart home technology adoption, energy efficiency, and the use of decorative lamps. Trends include advanced lighting technologies, energy-efficient solutions, integration of smart lighting, and a shift toward circadian lighting.
Which Key Drivers Are Propelling The Interior Lighting Market's Growth?
The increasing number of smart homes in developing countries is expected to drive the growth of the interior lighting market. Smart homes are equipped with internet-connected devices for automation, including lighting systems that offer energy efficiency and convenience. The rising number of smart homes is being fueled by higher disposable incomes and growing technological access. According to Netguru S.A., the number of U.S. households with smart home devices reached 63.43 million in 2023, a 10.2% increase from the previous year.
What Are The Key Segments Within The Global Interior Lighting Market?
The interior lighting market covered in this report is segmented –
1) By Type: General Lighting, Ambient Lighting, Task Lighting, Mood Lighting, Accent Lighting
2) By Lighting Effect: Downlighting, Uplighting, Wall Washing, Wall Grazing, Spotlighting, Perimeter Lighting, Other Lighting Effects
3) By End Use: Residential, Commercial, Other End-Uses
Subsegments:
1) By General Lighting: Ceiling Lights, Downlights, LED Panels, Fluorescent Lights
2) By Ambient Lighting: Recessed Lighting, Chandeliers, Pendant Lights, Cove Lighting
3) By Task Lighting: Desk Lamps, Reading Lights, Under-Cabinet Lighting, Workbench Lighting
4) By Mood Lighting: LED Strips, Smart Lights, Floor Lamps, Dimmable Lights
5) By Accent Lighting: Wall Sconces, Spotlights, Track Lighting, Picture Lights
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How Are New Trends Impacting The Size Of The Interior Lighting Market?
Major corporations engaged in the internal lighting industry are concentrating on the innovation of new products like ambient lighting to establish a competitive advantage. Ambient lighting is a flexible and practical way for homeowners to improve their living areas and create a more tailored and enjoyable atmosphere. For example, in June 2022, Topaz Lighting Corp., an American lighting firm, introduced an adjustable red, green, and blue (RGB) ambient lighting for home decoration. This cutting-edge product comprises a smart lighting system engineered to elevate the ambiance of any room, establish the ideal lighting for any mood, and amplify the entertainment experience with over 16 million colors, 12 dynamic effects, seven pre-set scenes, and various rhythms that synchronize with music, games, and films.
Who Are the Key Players In The Interior Lighting Market?
Major companies operating in the interior lighting market are:
• Samsung Electronics Co. Ltd.
• Panasonic Corporation
• Eaton Corporation Plc
• Koninklijke Philips N.V.
• Stanley Black & Decker Inc.
• Signify Holding B.V.
• Osram Licht AG
• Hubbell Inc.
• Acuity Brands Inc.
• Hafele Gmbh & Co.
• Havells India Ltd.
• Zumtobel Group AG
• Cree Lighting USA LLC
• Lutron Electronics Co. Inc.
• Thorn Lighting Ltd.
• GE Lighting
• Kichler Lighting LLC
• Tech Lighting LLC
• Craftmade International Inc.
• WAC Lighting
• Quoizel Inc.
• Hinkley Lighting Inc.
• Sea Gull Lighting
• Maxim Lighting International Inc.
• Lighting New York
• Csl Lighting Inc.
• Murray Feiss Light
What Are The Regional Insights Into The Interior Lighting Market?
Asia-Pacific was the largest region in the interior lighting market in 2024. The regions covered in the interior lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
