Delivering more actionable and strategically valuable research, The Business Research Company’s 2026 market reports feature market attractiveness analysis, total addressable market evaluation, company benchmarking matrices, interactive Excel dashboards, expanded supply chain intelligence, emerging startup coverage, and detailed product insights.
Electric Lighting Equipment Market Forecast: What Market Value Is Expected By 2030?
The electric lighting equipment market size has shown consistent growth over recent years. It is projected to expand from $131.63 billion in 2025 to $137.69 billion in 2026, achieving a compound annual growth rate (CAGR) of 4.6%. This historical development can be ascribed to factors including increasing urbanization, an uptick in residential and commercial construction activities, the widespread adoption of energy-efficient lighting, continuous technological advancements in lighting components, and existing government regulations pertaining to lighting safety.
The electric lighting equipment market is projected to experience substantial expansion over the coming years. By 2030, this market is anticipated to reach $169.17 billion, demonstrating a compound annual growth rate (CAGR) of 5.3%. This projected growth during the forecast period is primarily driven by factors such as the rise in smart city initiatives, the integration of IoT-enabled lighting, the broadening scope of electric vehicles and automotive lighting, a growing need for sustainable and environmentally conscious lighting options, and advancements in connected and adaptive lighting technologies. Key developments expected within this period encompass smart lighting systems, energy-saving illumination solutions, wireless and integrated lighting control mechanisms, human-centric lighting designs, and sophisticated materials used in lighting components.
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Electric Lighting Equipment Market Expansion Drivers: What Is Shaping Future Growth?
The future expansion of the electric lighting equipment market is anticipated to be driven by the rising uptake of LED lighting. This technology, referred to as LED lighting, employs light-emitting diodes (LEDs) as its illumination source. Within the electric lighting equipment market, LED lighting offers numerous advantages including energy savings, durability, environmental friendliness, and design flexibility. For instance, in July 2023, the International Energy Agency, a France-based autonomous intergovernmental organization, disclosed that worldwide residential LED sales climbed to approximately 50% of the market in 2022. Although LED efficiency continues to advance, it needs to increase by around 30% by 2030 to align with Net Zero Scenario goals. Therefore, the growing adoption of LED lighting is propelling the growth of the electric lighting equipment market moving forward.
Electric Lighting Equipment Market Segment Analysis And Revenue Opportunities
The electric lighting equipment market covered in this report is segmented –
1) By Type: General Lighting, Automotive Lighting, Back Lighting
2) By Mode: Online, Offline
3) By Sales Channel: OEM, Aftermarket
4) By Application: Residential, Commercial, Automotive, Other Applications
Subsegments:
1) By General Lighting: LED Bulbs, Fluorescent Lamps, Incandescent Lamps, Compact Fluorescent Lamps (CFL), Halogen Bulbs, Smart Lighting
2) By Automotive Lighting: Headlights, Tail Lights, Fog Lights, Interior Lighting, Turn Signal Lights, Daytime Running Lights (DRLs)
3) By Back Lighting: LED Backlighting, OLED Backlighting, EL (Electroluminescent) Backlighting, CCFL (Cold Cathode Fluorescent Lamp) Backlighting
Electric Lighting Equipment Market Innovation Trends Driving Future Development
Leading companies in the electric lighting equipment market are concentrating on advanced products, such as smart light panels, to offer trustworthy services to their clientele. Smart light panels denote a category of lighting technology that merges the advantages of conventional lighting fixtures with intelligent capabilities. For example, in August 2023, GE Lighting, a US-based company dedicated to the development, production, and sale of electric lighting equipment, unveiled its new Cync smart hexagon light panels. These hexagonal panels can be managed through the Savant-powered Cync mobile app and connect to Wi-Fi as a single smart light fixture, removing the necessity for a distinct hub. The application enables users to access existing light shows, design their own, or synchronize the panels with music. It is user-friendly and straightforward.
Electric Lighting Equipment Market Leading Players Shaping Industry Direction
Major companies operating in the electric lighting equipment market are Stanley Electric Co Ltd., Panasonic Corporation, Robert Bosch GmbH, Eaton Corporation plc, Acuity Brands Inc., OSRAM GmbH, Alstom SA, Toshiba Corporation, Hubbell Incorporated, LG Electronics, Liron Lighting LLC, Nichia Corporation, EiKO Global LLC, RAB Lighting Inc., MaxLite Inc., NaturaLED, Westgate MFG Inc., Hydrofarm Holdings Group Inc., Signify NV, Cree Inc., Technical Consumer Products Inc., Satco Products Inc., Feit Electric Company Inc., Prescolite Inc., Light Efficient Design Co. Ltd., Litetronics International Inc., Ledvance GmbH, Fulham Co. Inc., Keystone Technologies LLC, Venture Lighting International Inc., Halco Lighting Technologies LLC, American Lighting Inc., Nora Lighting Inc., Litecontrol Corporation, Sea Gull Lighting Products LLC, Kichler Lighting LLC
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Electric Lighting Equipment Market Geographic Analysis: Where Is Demand Growing The Fastest?
Asia-Pacific was the largest region in the electric lighting equipment market in 2025. North America was the second largest region in the electric lighting equipment market. The regions covered in the electric lighting equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.