Electric Lighting Equipment Market Size, Share, and Growth Analysis, By Product (LED Lighting, Incandescent Lighting), By Installation Type (New Installations, Retrofit Installations), By Application, By End User, By Region - Industry Forecast 2026-2033

Global Electric Lighting Equipment Market size was valued at USD 119.24 Billion in 2024 and is poised to grow from USD 129.26 Billion in 2025 to USD 246.43 Billion by 2033, growing at a CAGR of 8.4% during the forecast period (2026-2033).

The global electric lighting equipment market is experiencing significant growth driven by urbanization, the demand for energy-efficient solutions, and advancements in technology. Governments are increasingly focusing on integrating advanced lighting technologies into urban planning and sustainability efforts, alongside developing smart city infrastructure. Smart lighting, which utilizes real-time data on factors like occupancy and ambient conditions, is becoming a key component in enhancing public safety and energy efficiency in urban environments. Such systems are strategically deployed in commercial areas, transit hubs, and public spaces to optimize energy usage while promoting safety. The trend towards public-private partnerships is likely to further accelerate the adoption of intelligent lighting solutions, supporting adaptive illumination and environmental monitoring as part of broader sustainable urban development initiatives.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Electric Lighting Equipment market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Electric Lighting Equipment Market Segments Analysis

Global Electric Lighting Equipment Market is segmented by Product, Installation Type, Application, End User and region. Based on Product, the market is segmented into LED Lighting, Incandescent Lighting, Fluorescent Lighting and Others. Based on Installation Type, the market is segmented into New Installations and Retrofit Installations. Based on Application, the market is segmented into Indoor Lighting and Outdoor Lighting. Based on End User, the market is segmented into Residential, Commercial, Industrial and Government & Infrastructure. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Electric Lighting Equipment Market

The global electric lighting equipment market is being significantly driven by the growing demand for stringent energy efficiency regulations, spurred by the worldwide commitment to reducing carbon emissions. These regulations encourage both consumers and businesses to transition from traditional light bulbs to more sustainable options like LED and smart lighting systems. With the implementation of mandatory efficiency ratings, along with various incentives and rebates, a favorable environment for sustained demand has emerged. This shift is markedly influencing market penetration across both developed and emerging economies, as more entities recognize the benefits of adopting advanced lighting technologies.

Restraints in the Global Electric Lighting Equipment Market

A significant constraint facing the Global Electric Lighting Equipment market is the insufficient consumer awareness in developing areas concerning the advantages of energy-efficient lighting solutions. Many potential users remain uninformed about the long-term benefits and energy savings associated with modern technologies, which hampers their transition from outdated systems. Additionally, the financial constraints experienced by consumers further exacerbate the issue, leading to a continued dependence on obsolete lighting methods. This lack of understanding not only hinders the adoption of innovative products but also complicates industry assessments, making it challenging to gauge the readiness for smart lighting solutions and to accurately predict replacement demand within the market.

Market Trends of the Global Electric Lighting Equipment Market

The Global Electric Lighting Equipment market is witnessing a significant trend towards the integration of intelligent and networked lighting systems. This shift is fueled by a growing consumer preference for automation and energy efficiency, as well as the connection of lighting solutions to advanced building management platforms and the Internet of Things (IoT). Features such as remote control, motion detection, and voice-activated functionalities are gaining traction among both residential and commercial users, propelling a transition from conventional lighting to smart ecosystems. As a result, the market is evolving to prioritize innovative technologies that enhance convenience, sustainability, and operational efficiency.