PUBLISHER: TechNavio | PRODUCT CODE: 2078585
PUBLISHER: TechNavio | PRODUCT CODE: 2078585
The global lighting market is forecasted to grow by USD 62108.7 mn during 2025-2030, accelerating at a CAGR of 6.9% during the forecast period. The report on the global lighting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by proliferation of smart city infrastructure and iot connectivity, stringent global environmental mandates and carbon neutrality initiatives, evolution of human centric lighting and wellness focused design.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope | |
|---|---|
| Base Year | 2025 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 6.5% |
| CAGR | 6.9% |
| Incremental Value | $62108.7 mn |
Technavio's global lighting market is segmented as below:
By Application
By Type
By End-User
Geography
This study identifies the transformation of street lighting infrastructure into multifunctional city hubs as one of the prime reasons driving the global lighting market growth during the next few years. Also, proliferation of circular economy models and sustainable material innovation and emergence of light fidelity and advanced optical wireless communication networks will lead to sizable demand in the market.
The report on the global lighting market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global lighting market vendors that include Acuity Brands Inc., ams OSRAM AG, Current Lighting Solutions LLC, Delta Light NV, Eaton Corp. Plc, Fagerhult Group AB, GE Lighting, Havells India Ltd., Hubbell Inc., Legrand SA, Lutron Electronics Co. Inc., Nichia Corp., NVC International Holdings Ltd., Opple Lighting Co. Ltd., Panasonic Holdings Corp., Signify NV, Toshiba Corp., TRILUX GmbH and Co. KG, Zumtobel Group AG. Also, the global lighting market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.