From 2025 to 2029, the lighting market will grow by $ 62.8 billion that can be attributed to new developments and product launches, with the AI ​​design trends being designed

From 2025 to 2029, the lighting market will grow by $ 62.8 billion that can be attributed to new developments and product launches, with the AI ​​design trends being designed

NEW YORKPresent January 30, 2025 / Prnewswire/ – Report about how AI redefines the market landscape – The global lighting market size is estimated USD 62.8 billion From 2025 to 2029 according to Technavio. The market is estimated in the forecast period on a CAGR of 7.4%. The growing number of developments and illuminated products increases market growth with a trend towards progress in the automotive lighting systems. However, sustainability problems in the lighting industry is a challenge. The most important market participants include Acuity Brands Inc., AMS OSRAM AG, Bridgelux Inc., Dialight PLC, Digital Lumens Inc., Eaton Corp PLC, Ennostar Inc., General Electric Co., Growray Lighting Technologies, Hovells India Ltd., Hubbell Inc., Ideal Industries Inc., Koninklijke Philips NV, LSI Industries Inc., Lumileds Holding BV, Panasonic Holdings Corp., Sharp Corp., Smart Holdings Inc., Syska Led Lights PVT. Ltd. and Toyoda Gosei Co. Ltd.

Technavio has announced its latest market research report entitled Global Lighting Market 2025-2029
Technavio has announced its latest market research report entitled Global Lighting Market 2025-2029

Important insights into the market development with AI-affiliated analysis. Explore trends, segmentation and growth driver Show free sample pdf

Luminaire market scope

reporting

Details

Base year

2024

Historical period

2019 – 2023

Forecast period

2025-2029

Growth and CAGR

Accelerate 7.4% at a CAGR

Market growth 2025-2029

USD 62.8 billion

Market structure

Fragmented

Yoy growth 2022-2023 (%)

6.4

Regional analysis

APAC, Europe, North America, the Middle East and Africa as well as South America

Lead the market contribution

APAC at 45%

Keyland

US, China, Germany, Great Britain, Japan, India, France, South Korea, Canada and Italy

Profiling key companies

Acuity Brands Inc., AMS OSRAM AG, Bridgelux Inc., Dialight PLC, Digital Lumens Inc., Eaton Corp PLC, Ennostar Inc., General Electric Co., Growray Lighting Technologies, Havells India Ltd., Hubbell Inc. .. Ltd. and Toyoda Gosei Co. Ltd.

Market driver

The lighting market flourishes with trends in terms of interior design, photography and scientific progress. LED lights lead the cargo and replace traditional light bulbs, CFL, LFL, HID and Halogen lamps due to their energy efficiency and longer life expectancy. LEDs are not only for houses, but also for headlights, aviation, advertising and traffic signals. Solar and off-grid solutions for reducing energy consumption are carried out by the development and underdevelopment of nations. Effective manufacturers such as Signify introduce energy-efficient lights, lighting control systems and intelligent LED lamps. City cities and commercial buildings implement intelligent light solutions to reduce electricity costs and promote environmental compatibility. The Biden Harris administration supports smart cities initiatives to minimize the capital costs and the inefficiency of logistics. LEDs are also used in horticulture, medical devices and camera flashes. The future of lighting is intelligent, energy -efficient and inexpensive.

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