The Business Research Company’s 2026 market reports combine market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights to deliver research that is more actionable and strategically valuable.
Electric Lighting Equipment Market Size Trajectory: Key Numbers Every Industry Stakeholder Should Know
The electric lighting equipment market has shown consistent expansion over recent years. It is anticipated to increase 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 attributed to factors like increasing urbanization, the rise in residential and commercial construction projects, the adoption of energy-efficient lighting, continuous technological progress in lighting components, and governmental regulations pertaining to lighting safety.
The market for electric lighting equipment is projected to experience robust expansion over the coming years. This market is forecast to reach $169.17 billion in 2030, exhibiting a compound annual growth rate (CAGR) of 5.3%. Factors contributing to this anticipated growth include the rise of smart city initiatives, the integration of IoT-enabled lighting, the proliferation of electric vehicles and automotive lighting, a growing preference for sustainable and environmentally friendly lighting, and breakthroughs in connected and adaptive lighting solutions. Key trends expected during the forecast period encompass smart lighting systems, solutions for energy-efficient lighting, wireless and connected lighting controls, human-centric lighting approaches, and the use of advanced materials in lighting components.
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What Is Behind The Rising Demand In The Electric Lighting Equipment Market?
The growing embrace of LED lighting is anticipated to fuel expansion in the electric lighting equipment market moving forward. This technology utilizes light-emitting diodes (LEDs) as its illumination source, offering various advantages within the electric lighting equipment sector, such as reduced energy consumption, extended lifespan, ecological benefits, and adaptable design options. For instance, the International Energy Agency, an autonomous intergovernmental organization based in France, stated in July 2023 that global residential LED sales reached approximately 50% of the market in 2022. While LED efficiency continues its upward trend, a further increase of around 30% is necessary by 2030 to meet Net Zero Scenario objectives. Consequently, the expanding use of LED lighting is indeed a primary factor stimulating the growth of the electric lighting equipment market moving forward.
Electric Lighting Equipment Market Segment Coverage And Subsegment Analysis
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 Future Trends: Where Is The Industry Heading?
Major companies operating in the electric lighting equipment market are concentrating on innovative products, such as smart light panels, to offer reliable services to their customers. Smart light panels describe a form of lighting technology that merges the advantages of conventional lighting fixtures with intelligent features. For example, in August 2023, GE Lighting, a US-based firm dedicated to the design, production, and distribution of electric lighting equipment, unveiled new Cync smart hexagon light panels. These hexagonal panels are controllable through the Savant-powered Cync mobile app and connect to Wi-Fi as a single smart light fixture without requiring a separate hub. This application allows users to access pre-made light shows, create their own, or sync the panels to music. Its usage is straightforward and intuitive.
Electric Lighting Equipment Market Top Players List For 2026
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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How Does The Electric Lighting Equipment Market Vary By Region?
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.
