The Lighting Market Report is Segmented by Product Type (Luminaires/Fixtures, and Lamps), Light Source (LED, Fluorescent, HID, and More), Application (Residential, Commercial, Outdoor and Infrastructure, and More), Installation Type (New Installations, and Retrofit and Replacement), Sales Channel (Direct/Project B2B, Retail Offline, and E-Commerce Online), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The LED Lighting Market Report is Segmented by Product Type (Lamps, and Luminaires/Fixtures), Distribution Channel (Direct Sales, Wholesale/Retail, and More), Installation Type (New Installation, and Retrofit Installation), Application (Commercial Offices, Retail Stores, and More), End User (Indoor, Outdoor, and More), and Geography (North America, South America, and More). The Market Forecasts are Provided in Terms of Value (USD).

The lighting market size is predicted to rise from $136.89 billion in 2024 to $252.65 billion by 2035, growing at a CAGR of 5.72% from 2024 to 2035

The global lighting market size reached USD 141.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 219.7 Billion by 2033, exhibiting a growth rate (CAGR) of 5.01% during 2025-2033. The growing adoption of enhanced and efficient lighting solutions among individuals, rising utilization in commercial and residential areas, and increasing use in the mining industry represent some of the major factors propelling the market growth.

IMARC Group provides an analysis of the key trends in each segment of the global lighting market report, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on type, application, and end user.

The global lighting market is experiencing robust growth, projected to expand from $111,478 million in 2021 to $220,285 million by 2033, driven by a significant global shift towards energy-efficient solutions. The transition from traditional lighting to LED technology is nearly complete in developed nations and rapidly advancing in emerging economies. This evolution is now paving the way for the next phase of innovation: smart and connected lighting. The integration of IoT, AI, and sensor technology is transforming lighting from a simple utility into an intelligent network capable of data collection, enhancing security, and improving well-being through human-centric applications. Sustainability remains a core driver, with stringent government regulations and consumer demand for lower energy consumption pushing manufacturers to innovate. While high initial costs and a lack of standardization present challenges, the long-term benefits of reduced operational expenses and enhanced functionality ensure a positive market outlook.

Key strategic insights from our comprehensive analysis reveal:

The transition to LED is a primary catalyst, but future growth hinges on the adoption of smart, connected lighting systems integrated with IoT platforms for enhanced control, efficiency, and data analytics.
Asia-Pacific is the undisputed market leader and the fastest-growing region, fueled by massive infrastructure development, government smart city initiatives, and rapid urbanization in countries like China and India.
Sustainability and energy efficiency are no longer optional but are core market drivers, heavily influenced by government regulations mandating the phase-out of inefficient lighting and promoting green building standards.

Global Market Overview & Dynamics of Lighting Market Analysis The global lighting market is undergoing a profound transformation, moving beyond simple illumination to intelligent, data-driven systems. The market's growth, pegged at a CAGR of 5.84%, is fundamentally driven by the global adoption of LED technology, which offers superior energy efficiency and a longer lifespan compared to traditional lighting. This technological shift is amplified by supportive government policies and increasing environmental awareness. The current market dynamic is characterized by the convergence of lighting with IoT technology, creating new opportunities in smart homes, smart cities, and automated commercial buildings. This integration allows for unprecedented control, automation, and energy management, defining the future trajectory of the industry.

Global Lighting Market Drivers

Stringent Government Regulations & Energy Efficiency Mandates: Governments worldwide are implementing policies to phase out inefficient incandescent and fluorescent bulbs, creating a mandatory push towards energy-saving LEDs and driving market-wide replacement cycles.
Rapid Urbanization and Infrastructure Development: The expansion of cities and the construction of new residential, commercial, and industrial infrastructure, particularly in emerging economies, create sustained demand for new lighting installations.
Increasing Adoption of IoT and Smart Lighting Systems: The growing consumer and commercial demand for connectivity, automation, and energy management is fueling the adoption of smart lighting systems that offer enhanced control, data insights, and integration with other smart devices.

Global Lighting Market Trends

Human-Centric Lighting (HCL): There is a growing trend towards lighting solutions designed to support human health and well-being by mimicking natural daylight patterns, which can improve mood, concentration, and sleep cycles in various environments like offices and hospitals.
Convergence with Li-Fi (Light Fidelity): Lighting infrastructure is increasingly being leveraged for high-speed, secure wireless data communication, presenting a new value proposition for lighting beyond just illumination, especially in data-sensitive environments.
Focus on Sustainability and Circular Economy: Manufacturers are increasingly focusing on sustainable product design, including the use of recycled materials, modular components for easier repair, and end-of-life recycling programs to reduce environmental impact.

Global Lighting Market Restraints

High Initial Investment for Advanced Systems: The upfront cost of sophisticated LED and smart lighting systems can be a significant barrier for so...

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Lighting Market Size 2025-2029

The lighting market size is valued to increase USD 62.8 billion, at a CAGR of 7.4% from 2024 to 2029. Growing number of developments and lighting product launches will drive the lighting market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 45% growth during the forecast period.
By Application - General lighting segment was valued at USD 83.90 billion in 2023
By Type - LED technology segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 87.77 billion
Market Future Opportunities: USD 62.80 billion
CAGR : 7.4%
APAC: Largest market in 2023

Market Summary

The market encompasses a dynamic and ever-evolving industry, driven by advancements in core technologies and applications. LED lighting, for instance, holds a significant market share with its energy efficiency and long lifespan. In the realm of applications, the growing adoption of smart lighting systems, particularly in commercial and residential sectors, is a major trend. Service types, such as installation, maintenance, and consulting, continue to gain traction. Regulations, such as energy efficiency standards, further shape market dynamics. Notably, sustainability is a pressing issue, with increasing focus on eco-friendly lighting solutions.
The number of developments and lighting product launches continues to accelerate, with automotive lighting systems seeing significant advances. These factors and more contribute to the ongoing evolution of the market. For instance, the global smart lighting systems market is projected to reach a value of 33.64 billion USD by 2026, growing at a steady pace.

What will be the Size of the Lighting Market during the forecast period?

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How is the Lighting Market Segmented and what are the key trends of market segmentation?

The lighting industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  General lighting
  Automotive lighting
  Backlighting


Type

  LED technology
  Traditional technology


Product

  Luminaires/Fixtures
  Lamps


Distribution Channel

  Direct sales/Developers/Contract
  Wholesalers/Electricians
  Lighting Specialists
  Others


End-User

  Construction
  Automotive
  Hospitality
  Retail


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The general lighting segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant advancements, with the general lighting segment leading the charge. This segment encompasses lighting in various applications, including homes, offices, factories, streets, stadiums, and theaters. Its popularity is attributed to the ongoing shift towards energy-efficient and cost-effective lighting solutions, primarily LEDs. LEDs, introduced commercially in the 1970s, have revolutionized the lighting industry. Although their initial purchase cost is higher, their low maintenance expenses make them an attractive choice for consumers. Market leaders, such as Signify NV (Signify), OSRAM, and IDEAL INDUSTRIES Inc., have capitalized on this trend, focusing on the general lighting segment.

Moreover, the integration of advanced technologies like power line communication, sensor networks, thermal management, and control system architectures has added value to lighting systems. These innovations have led to the development of tunable white lighting, energy management systems, smart lighting controls, and human-centric lighting. The market for lighting is continually evolving, with emerging trends like optical design, adaptive lighting systems, and data analytics platforms shaping the future. For instance, the adoption of photometric calculations, spectral power distribution, and network communication protocols has enabled energy efficiency, wireless control, and remote monitoring. Additionally, the integration of lighting infrastructure with power consumption monitoring and daylight harvesting has gained traction.

Lighting simulation software and occupancy sensing have further enhanced the overall performance and efficiency of lighting systems. According to recent studies, the market for lighting has grown by 15.3% in the past year. Furthermore, industry experts anticipate a 20.7% increase in market size within the next five years. These figures underscore the growing demand for advanced lighting s

The market is anticipated to expand at a CAGR of 7.2%, from USD 14,499 Million in 2025 to USD 29,059.7 Million by 2035.

Country-Wise Outlook

Competitive Outlook

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Smart Lighting Market Size 2025-2029

The smart lighting market size is forecast to increase by USD 26.4 billion at a CAGR of 18.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the integration of Internet of Things (IoT) technology and the increasing adoption of energy-efficient LED lighting solutions. The ability of smart lighting systems to offer energy savings, enhance user experience, and provide advanced features such as occupancy sensing and color tuning, is fueling market expansion. However, technological challenges related to LEDs, including high upfront costs and complex installation processes, remain key barriers to widespread adoption. Additionally, the need for interoperability and standardization across various smart lighting solutions is crucial for market growth.
Companies seeking to capitalize on this market opportunity should focus on addressing these challenges through innovative business models, partnerships, and technological advancements. By offering cost-effective solutions, simplified installation processes, and ensuring compatibility with various IoT platforms, companies can effectively navigate the competitive landscape and capture a larger market share.

What will be the Size of the Smart Lighting Market during the forecast period?

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The market encompasses various applications, including lighting visualization, security, safety, biodynamic lighting, energy monitoring, adaptive lighting, comfort, remote management, maintenance optimization, effects, integration, atmosphere, aesthetics, asset management, retrofits, human-centric lighting, circadian lighting, mesh networking, dynamic lighting, ambiance, personalization, power over ethernet, simulation tools, management platforms, and control software. These solutions cater to diverse business needs, enhancing energy efficiency, ensuring safety, and promoting comfort and productivity. The integration of advanced technologies, such as mesh networking and dynamic lighting, enables real-time monitoring and optimization of lighting systems.
Smart lighting solutions also offer personalization features, allowing businesses to tailor lighting conditions according to their specific requirements. Energy management is a significant trend, as these systems enable businesses to monitor and reduce energy consumption. Furthermore, the adoption of human-centric and circadian lighting solutions is gaining traction, as they mimic natural light patterns to improve employee well-being and productivity.

How is this Smart Lighting Industry segmented?

The smart lighting industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Commercial
  Residential
  Public infrastructure
  Others


Component

  Hardware
  Software
  Services


Connectivity

  Wired
  Wireless


Distribution Channel

  Online
  Offline


Product Type

  Smart Bulbs
  Smart Fixtures
  Smart Controls


Technology

  LED
  Zigbee
  Wi-Fi
  Bluetooth


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    The Netherlands
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America
  Rest of World (ROW)

By Application Insights

The commercial segment is estimated to witness significant growth during the forecast period.

In the realm of commercial lighting, establishments such as restaurants, bars, hotels, industrial facilities, offices, and malls are embracing smart lighting solutions. The commercial segment holds a significant market share due to the increasing regulatory pressure on energy usage and CO2 emissions. These businesses are integrating smart lighting systems to optimize energy consumption, enhance control, and align with the Internet of Things (IoT) ecosystem. Smart lighting systems offer numerous advantages, including energy savings and a long lifespan, resulting in substantial cost reduction. Advanced features like dimmability, timers, occupancy sensors, daylighting, and smartphone optimization provide unparalleled control over lighting.

Furthermore, LED technology, the backbone of smart lighting, generates less heat compared to traditional bulbs, ensuring optimal temperature and energy efficiency. Industrial facilities benefit from the flexibility of accent lighting, while offices utilize task lighting to improve productivity. Retail spaces leverage ambient lighting to create an inviting shopping experience. Energy efficiency and cost reduction are crucial factors driving the adoption of smart lighting in various sectors. The integration of data analytics, voice control, and cloud connectivity further enhances the functionality of these systems. Government

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Industrial Lighting Market Size 2025-2029

The industrial lighting market size is valued to increase USD 2.83 billion, at a CAGR of 5.7% from 2024 to 2029. Rise in adoption of energy-efficient lighting technologies will drive the industrial lighting market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 48% growth during the forecast period.
By Type - LED technology segment was valued at USD 5 billion in 2023
By Application - Warehouse & Cold Storage segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 52.85 million
Market Future Opportunities: USD 2826.30 million
CAGR from 2024 to 2029 : 5.7%

Market Summary

The market encompasses the production, sales, and installation of lighting solutions designed for industrial applications. This market is driven by the ongoing rise in adoption of energy-efficient lighting technologies, with LED lighting leading the charge. According to a recent report, LED lighting is projected to account for over 70% of the market share by 2025. However, the high initial cost of industrial lighting solutions remains a significant challenge for market growth. Core technologies in the market continue to evolve, with advancements in LED technology, smart lighting systems, and wireless connectivity driving innovation. Applications for industrial lighting span various industries, including manufacturing, construction, and oil and gas, among others.
Regulatory compliance, such as energy efficiency standards and safety regulations, also play a crucial role in shaping the market. Despite these challenges, opportunities abound for market growth, including the increasing demand for automation and the integration of lighting systems with other industrial IoT devices. As the industrial sector continues to digitize, the role of lighting solutions in optimizing energy usage, improving safety, and enhancing productivity will only become more significant.

What will be the Size of the Industrial Lighting Market during the forecast period?

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How is the Industrial Lighting Market Segmented ?

The industrial lighting industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  LED technology
  Traditional technology


Application

  Warehouse & Cold Storage
  Factory & Production Lines
  Outer Premises
  Parking Areas
  Hazardous Locations
  Others


Product

  Industrial linear lighting
  Spot lighting
  Flood lighting/area lighting
  High bay lighting


Light Source

  LED Lighting
  High Intensity Discharge (HID) Lighting
  Fluorescent Lighting
  Others


End Use

  Manufacturing
  Oil and Gas
  Mining
  Automotive
  Pharmaceuticals & Chemicals


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The led technology segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth as businesses adopt LED technology for its energy-saving characteristics and decreasing costs. According to recent reports, LED components and LED-based luminaires account for over 30% of the market share. In Japan, the penetration of LEDs surged due to the Fukushima nuclear disaster and the subsequent energy crisis, leading to a 45% increase in LED adoption. Furthermore, the European Commission's decision to ban low-voltage halogen lamps will accelerate LED penetration during the forecast period. The replacement market is the primary driver of growth in the LED technology segment. The energy efficiency and compatibility with existing lighting fixtures make LEDs an attractive alternative to traditional lighting systems.

In addition, smart lighting systems, such as those with remote monitoring, maintenance scheduling, and data analytics, are gaining popularity. These systems offer energy efficiency, improved illuminance levels, and enhanced electrical safety. Moreover, the integration of sensors and light pollution reduction technologies is a growing trend in the market. Human-centric lighting, which focuses on the impact of light on human health and productivity, is also gaining traction. This includes the use of tunable white lighting, color temperature adjustments, and spectral power distribution optimization. The market also includes various installation methods, such as recessed, surface, and suspended installations, and different lighting applications, including ambient, accent, task, emergency, and street lighting.

The importance of photometric d

The global industrial lighting market size reached USD 9.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 14.3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.15% during 2025-2033.The growing installation of LED lights, rising focus on energy efficiency and sustainability, and increasing initiatives to maintain worker safety in various hazardous areas are some of the major factors propelling the market.

IMARC Group provides an analysis of the key trends in each segment of the global industrial lighting market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on product type, light source, offering, type and application.

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LED Lighting Market Size 2025-2029

The led lighting market size is forecast to increase by USD 47.3 billion, at a CAGR of 8.5% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the declining manufacturing costs of LED lights. This cost reduction has made LED lighting increasingly competitive with traditional lighting solutions, leading to widespread adoption across various industries. However, the market also faces challenges, including the limited thermal tolerance of LEDs when installed in industrial facilities. This issue can lead to reduced lifespan and performance, necessitating careful consideration in the design and implementation of LED lighting systems. Additionally, the emergence of smart cities is creating new opportunities for LED lighting, as energy efficiency and connectivity become key priorities for urban infrastructure development.
Companies seeking to capitalize on these trends should focus on developing innovative LED lighting solutions that address thermal management challenges and offer advanced features such as energy savings, remote control, and integration with smart city infrastructure. By addressing these market dynamics effectively, businesses can position themselves for success in the evolving LED lighting landscape.

What will be the Size of the LED Lighting Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by advancements in technology and its applications across various sectors. Residential lighting integrates energy management systems, LED assembly, and wireless lighting control to create efficient and customizable solutions. In industrial settings, LED high bays, heat sinks, reflectors, and smart lighting control systems enhance building automation and energy efficiency. LED regulations and standards shape the market, influencing the development of LED lenses, certifications, and manufacturing processes. Outdoor lighting applications, including LED streetlights, landscape lighting, and retrofit kits, contribute to energy savings and reduced light pollution. Indoor lighting, hospitality lighting, and retail environments utilize LED panels, color temperature adjustments, and dimmable options for enhanced user experiences.

LED chips and manufacturing processes improve lumen output, power consumption, and color-tunable capabilities. The integration of IoT connectivity, lighting design, and human-centric lighting further expands the market's potential. LED downlights, architectural lighting, and floodlights cater to diverse industries and applications, ensuring the market remains a dynamic and innovative force.

How is this LED Lighting Industry segmented?

The led lighting industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Residential
  Commercial
  Outdoor
  Industrial
  Others


Product

  Luminaries
  Lamps


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth due to the increasing adoption of energy-efficient lighting solutions across various applications. In 2024, the residential segment led the market, driven by urbanization and the trend towards energy efficiency. Consumers are now prioritizing trendy and personalized LED lighting systems for home decoration, leading to increased demand. Governments worldwide are also supporting this shift by offering subsidies on LED lighting, recognizing its energy efficiency advantages over traditional lighting. Industrial lighting, including LED high bays, is another major application segment, with the need for robust and long-lasting lighting solutions driving demand.

Smart lighting and lighting control systems are gaining popularity in commercial and industrial settings, with building automation and energy management playing crucial roles. LED regulations and standards ensure the quality and safety of these systems, while LED manufacturing continues to advance with innovations in LED chips, panels, and diffusers. Outdoor lighting, including LED floodlights and spotlights, is essential for safety and security, while LED retrofit kits offer cost-effective upgrades for existing lighting infrastructure. LED streetlights are becoming increasingly common due to their energy efficiency and longevity. Landscape lighting and architectural li

The size of the North America Street Lighting Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 9.40% during the forecast period. Key drivers for this market are: Increased Demand for Intelligent Solutions, such as Smart Street Lighting in Street Lighting Systems, Government Support in Implementation of LED Lights in Street Lighting; Increasing Adoption of Smart City Infrastructure to Drive the Street Lighting Market. Potential restraints include: Challenges Associated With LED Driver Failure and High Cost Associated With Installation. Notable trends are: LED Segment is Expected to Hold the Largest Share.

The Industrial Lighting Market Report is Segmented by Light Source (High-Intensity Discharge, and More), Offering (Lamps and Luminaires, and More), Installation Type (New Build, Retrofit, Replacement), Product Type (High/Low Bay, Flood/Area, and More), End-User Application (Oil and Gas, Mining and Metals, and More), and Geography (North America, South America, and More). The Market Forecasts are Provided in Terms of Value (USD).

The global industrial lighting market size was USD 15.20 billion in 2024 & is projected to grow from USD 16.23 billion in 2025 to USD 27.47 billion by 2033.
Report Scope:

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Professional Lighting Market Size 2025-2029

The professional lighting market size is forecast to increase by USD 48.2 billion, at a CAGR of 7.4% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing urbanization and infrastructure development worldwide. As cities expand and modernize, the demand for advanced professional lighting solutions to enhance public spaces, commercial buildings, and outdoor environments is on the rise. This trend is further fueled by technological advancements in lighting, including energy-efficient LED technology and smart lighting systems, which offer improved performance, longevity, and cost savings. Industrial lighting, including low bay and high bay lighting, is adopting advanced ballast technology for improved performance and longevity. However, the high initial cost for professional lighting solutions remains a challenge for market growth. The implementation of these advanced systems can require substantial investment, which may deter some potential buyers. Additionally, the integration of these systems into existing infrastructure can pose complex installation challenges.
To capitalize on market opportunities, companies must focus on offering financing options, flexible pricing structures, and turnkey installation services to help clients overcome these barriers. By addressing these challenges and continuing to innovate, the market players can effectively meet the growing demand for advanced, energy-efficient lighting solutions. A greater use of energy-saving characteristics of LEDs, due to their decreasing cost, and compatibility with the existing lighting fixtures will be a major trend in the market in the coming years.

What will be the Size of the Professional Lighting Market during the forecast period?

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The global professional lighting market has experienced a growing demand for architecture and decorative lighting in the commercial and industrial sectors. The market is experiencing significant advancements, driven by the integration of technology and sustainability. LEED certification, a leading certification for green buildings, prioritizes energy efficiency and the use of sustainable lighting solutions. Light and productivity research highlights the importance of optimal lighting conditions for employee performance. Data analytics is revolutionizing the industry, enabling real-time monitoring of lighting performance and energy usage. Sustainability ratings, such as Energy Star, provide benchmarks for evaluating the environmental impact of lighting systems. Lighting control protocols, including DALI, DMX, and WiFi, facilitate automation and remote management. Lumens per watt, a key performance metric, is continually improving with advancements in LED technology, including phosphor-converted LED, light emitting polymer, and remote phosphor.
Visual acuity and color temperature control are essential considerations for various applications, from office spaces to healthcare facilities. Monitoring light intensity is crucial for precision, especially in light therapy, which influences light and mood positively. Light and sleep research underscores the importance of proper lighting for circadian rhythms. High intensity discharge (HID) and compact fluorescent lamps (CFL) are being replaced by more energy-efficient alternatives, such as solar-powered lighting and intelligent lighting systems. Lighting automation and wireless mesh networks enable seamless control and optimization of lighting systems. Building codes and regulations, such as Title 24 in California, mandate energy efficiency and the use of lighting management systems. Light harvesting and photovoltaic cells are emerging technologies that harness ambient light and convert it into electricity, further reducing energy consumption.

How is this Professional Lighting Industry segmented?

The professional lighting industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  LED lighting
  Conventional lighting
  Smart lighting


Component

  Luminaries
  Control systems


Distribution Channel

  Offline
  Online


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The LED lighting segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the increasing adoption of energy-efficient LED components and LED-based luminaires. LEDs' energy-saving c

The global LED lighting market size was valued at USD 90.3 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 183.7 Billion by 2033, exhibiting a CAGR of 8.2% during 2025-2033. The growing demand for energy-efficient and cost-saving lighting solutions, rising environmental concerns among individuals, and favorable government initiatives to reduce emissions are some of the major factors propelling the market.

IMARC Group provides an analysis of the key trends in each segment of the global LED lighting market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on application.

The global LED lighting market was valued at US$ 94.52 billion in 2024 and is set to reach around US$ 254.23 billion by 2034 at a CAGR of about 10.4% from 2025 to 2034.

The US emergency lighting market, a segment of the broader global market valued at $1.94 billion in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) of 6.84%, is poised for significant expansion through 2033. Driven by stringent building codes mandating emergency lighting systems in commercial, industrial, healthcare, and educational facilities, the market displays robust growth. Increased awareness of workplace safety and the rising adoption of technologically advanced, energy-efficient LED lighting solutions further fuel this expansion. The self-sustained segment, offering independent power backup during outages, is experiencing considerable demand, outpacing the centrally supplied systems market due to its reliability and suitability for diverse applications. Growth within the commercial sector is particularly strong, reflecting ongoing construction activity and renovations across various commercial spaces. However, economic downturns could temporarily restrain market expansion. Furthermore, the increasing complexity and high initial investment costs associated with advanced emergency lighting systems might present a barrier for certain smaller businesses or organizations. Nevertheless, the long-term benefits in terms of safety and compliance outweigh these initial costs, contributing to the sustained growth trajectory. Key players like Acuity Brands, Eaton, and Signify are heavily investing in research and development to enhance product features and expand their market share, leading to an increasingly competitive landscape. The North American market, specifically the United States, dominates the global emergency lighting landscape, accounting for a substantial share of the overall revenue. This dominance is attributed to robust construction activities, stringent safety regulations, and high adoption rates of advanced lighting technologies. While the European and Asia-Pacific markets also exhibit considerable growth potential, the US market is expected to maintain its leading position in the coming years. Future growth will be significantly influenced by technological advancements such as smart lighting systems integrating with building management systems (BMS), IoT (Internet of Things) capabilities, and improved battery technology offering longer operational lifespans and reduced maintenance requirements. The increasing focus on sustainability and energy efficiency also drives the adoption of LED-based emergency lighting solutions. Recent developments include: June 2021 - Eaton acquired Cobham Mission Systems. Cobham is a manufacturer of air-to-air refueling systems, environmental systems, and actuation, primarily for defense markets. This acquisition will help to expand Eaton Aerospace's fuel systems offerings and other defense-related offerings., June 2020 - Emerson Appleton released a safe and economical solution for retrofitting a plant's legacy HID lighting system to an energy-efficient LED system. The Appleton Contender LED Luminaires offer an energy savings of up to 65% compared to HID lighting. With the low-profile design, these luminaires provide lighting options for low clearance areas.. Key drivers for this market are: Increase in Need for Energy-efficient Lighting Systems and Favorable Government Regulations, Declining Prices of LED Products. Potential restraints include: Increase in Need for Energy-efficient Lighting Systems and Favorable Government Regulations, Declining Prices of LED Products. Notable trends are: Development of Connected Systems and Internet of Things (IoT) and Declining Prices of LED to Drive the Market.

The United States LED lighting market reached a value of USD 11.77 Billion in 2024. The market is further estimated to grow at a CAGR of 5.30% during 2025-2034 to reach a value of USD 19.73 Billion by 2034.

The global smart lighting market size was USD 10.79 Billion in 2020 and is expected to reach USD 45.47 Billion in 2028 registering a CAGR of 19.7%. Smart lighting industry report classifies global market by share, trend, growth and on the basis of component, light source, type, end-use, and region.