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#Electric Lighting Equipment Market Revenue Growth On Track For A 5.3% CAGR Through 2030#_x000D_
The electric lighting equipment market has demonstrated consistent expansion in recent years. It is projected to grow from $131.63 billion in 2025 to $137.69 billion in 2026, achieving a compound annual growth rate (CAGR) of 4.6%. The historical growth of this market can be attributed to elements such as increasing urbanization, the rise in residential and commercial construction, the widespread adoption of energy-efficient lighting, advancements in lighting components technology, and government regulations pertaining to lighting safety._x000D_
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The electric lighting equipment market is projected to experience substantial growth over the next few years. It is expected to expand to $169.17 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 5.3%. This anticipated growth can be attributed to several factors, including the increasing number of smart city projects, the widespread adoption of IoT-enabled lighting, the expansion of electric vehicles and automotive lighting, a growing demand for sustainable and eco-friendly lighting solutions, and continuous innovations in connected and adaptive lighting technologies. Significant trends identified for this forecast period encompass smart lighting systems, highly energy-efficient lighting solutions, wireless and interconnected lighting controls, the rise of human-centric lighting, and the utilization of advanced materials in lighting components._x000D_
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#Electric Lighting Equipment Market Industry Drivers: What’s Behind The Revenue Growth?#_x000D_
The expanding integration of LED lighting is projected to fuel the expansion of the electric lighting equipment market in the future. LED lighting is defined as an illumination technology that utilizes light-emitting diodes (LEDs) for its light source. This technology provides several advantages within the electric lighting equipment market, such as conserving energy, enhanced longevity, ecological sustainability, and adaptable designs. To illustrate, in July 2023, the International Energy Agency, a France-based autonomous intergovernmental organization, disclosed that global residential LED sales reached about 50% of the market in 2022. Despite ongoing improvements in LED efficiency, it needs to increase by roughly 30% by 2030 to meet the Net Zero Scenario goals. Consequently, the growing acceptance of LED lighting is stimulating the expansion of the electric lighting equipment market moving ahead._x000D_
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#Electric Lighting Equipment Market Segment Landscape: Which Areas Lead Development?#_x000D_
The electric lighting equipment market covered in this report is segmented – _x000D_
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1) By Type: General Lighting, Automotive Lighting, Back Lighting_x000D_
2) By Mode: Online, Offline _x000D_
3) By Sales Channel: OEM, Aftermarket_x000D_
4) By Application: Residential, Commercial, Automotive, Other Applications_x000D_
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Subsegments:_x000D_
1) By General Lighting: LED Bulbs, Fluorescent Lamps, Incandescent Lamps, Compact Fluorescent Lamps (CFL), Halogen Bulbs, Smart Lighting _x000D_
2) By Automotive Lighting: Headlights, Tail Lights, Fog Lights, Interior Lighting, Turn Signal Lights, Daytime Running Lights (DRLs)_x000D_
3) By Back Lighting: LED Backlighting, OLED Backlighting, EL (Electroluminescent) Backlighting, CCFL (Cold Cathode Fluorescent Lamp) Backlighting _x000D_
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#Electric Lighting Equipment Market Growth Trends: What’s Shaping The Future Outlook?_x000D_
Leading companies in the electric lighting equipment market are concentrating on innovative products such as smart light panels to offer reliable services to their clientele. Smart light panels describe a type of lighting technology that merges the benefits of traditional lighting fixtures with smart technology. For example, in August 2023, GE Lighting, a US-based company focused on the design, manufacture, and distribution of electric lighting equipment, launched new Cync smart hexagon light panels. These hexagonal panels can be controlled using the Savant-powered Cync mobile app and connect to Wi-Fi as a single smart light fixture without requiring a separate hub. This app allows access to pre-made light shows, enables users to create their own, or sync the panels to music. Its interface is easy to use and intuitive._x000D_
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#Electric Lighting Equipment Market Industry Leaders And Competitive Landscape#_x000D_
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 _x000D_
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#Electric Lighting Equipment Market Regional Split: Which Areas Are Fueling Growth?#_x000D_
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._x000D_
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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.
