Global Lighting Fixtures and Luminaires Market to Reach $145.3 Billion by 2030: Surging Demand for LED Lighting Emerges as the Fundamental Growth Driver

Dublin, July 10, 2023 (GLOBE NEWSWIRE) -- The "Lighting Fixtures and Luminaires: Global Strategic Business Report" report has been added to's offering.

The global market for Lighting Fixtures and Luminaires estimated at US$84.1 Billion in the year 2022, is projected to reach a revised size of US$145.3 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030.

Non-Portable, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$111 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Portable segment is readjusted to a revised 5.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $16.1 Billion, While China is Forecast to Grow at 8.7% CAGR

The Lighting Fixtures and Luminaires market in the U.S. is estimated at US$16.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$31.6 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$27.2 Billion by the year 2030.

Select Competitors (Total 645 Featured) -

  • Acuity Brands Lighting, Inc.
  • American Electric Lighting
  • Holophane
  • Juno Lighting Group
  • Lithonia Lighting
  • Amerlux, LLC
  • Bajaj Electricals Ltd.
  • Cree Lighting
  • GE Current
  • Eaton Corporation plc
  • ELK Group International, Inc.
  • Fagerhults Belysning AB
  • FW Thorpe Plc
  • Havells India Limited
  • Hella KGaA Hueck & Co.
  • Hubbell, Inc.
  • Koito Manufacturing Company Ltd.
  • LEDvance GmbH
  • LSI Industries, Inc.
  • Lutron Electronics Co., Inc.
  • NVC Lighting Technology Corporation
  • OMS, a.s.
  • OPPLE Lighting Co., Ltd.
  • Osram GmbH
  • Panasonic Corporation
  • Seren Lighting Ltd.
  • Schreder SA
  • Signify N.V.
  • Color Kinetics
  • Targetti Sankey S.p.A.
  • Technical Consumer Products, Inc.
  • Toshiba Lighting & Technology Corporation
  • TRILUX GmbH & Co. KG
  • Venture Lighting International, Inc.
  • Zumtobel Group AG
  • Thorn Lighting Ltd.

Key Attributes:

Report AttributeDetails
No. of Pages1667
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$84.1 Billion
Forecasted Market Value (USD) by 2030$145.3 Billion
Compound Annual Growth Rate7.1%
Regions CoveredGlobal

Key Topics Covered:




  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • COVID-19 Pandemic Impacts Smart Lighting Market
  • Smart Lighting Solutions to be part of Recovery Plans of European Countries
  • Home Office Trend Drives Demand for Lighting with Smart Features
  • IoT- and LED-Powered Platforms to Allow Safe Return of People to Workplaces
  • COVID-19 Pandemic Fuels Demand for Touch Free LED Lighting Devices
  • An Introduction to Lighting Fixtures and Luminaires
  • Types of Lighting Fixtures
  • End-Use Sectors
  • Lighting Fixtures and Luminaires: Shaping the Future of Energy Efficient Lighting Technologies
  • Global Market Prospects & Outlook
  • Developing Regions Poised to Record Healthy Gains
  • Construction Activity: A Key Demand Determinant
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Investments in Infrastructure Projects Support Market Demand
  • Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
  • Global Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
  • Competition
  • An Intensely Competitive Marketplace
  • Lighting Fixtures and Luminaires Competitor Market Share Scenario Worldwide (in %): 2020
  • LED Luminaires Market Share Breakdown by Leading Competitors (in %): 2020
  • Leading Players in the Global General Lighting Market (In %) for 2020
  • M&A Emerges as Viable Approach Amid Growing Competition
  • World Brands
  • Recent Market Activity
  • Lighting Fixtures and Luminaires - Global Key Competitors Percentage Market Share in 2021 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)



  • Prominent Technologies and Trends with Potential to Transform Lighting Industry
  • IoT and Artificial Intelligence Gain Significance in Lighting Applications
  • Surging Demand for LED Lighting Emerges as the Fundamental Growth Driver for the Market
  • Typical LED Downlight Luminaire Cost (In %) by Component
  • Global LED Lighting Market by Segment (in %) for 2020
  • LED Lamps and Luminaires' Penetration Varies Across General Lighting Segments
  • LED Luminaires Adoption in Commercial Buildings Set to Increase
  • Wider Uptake of LED Lighting in Industrial Facilities to Drive Demand for Industrial LED Luminaires
  • Efficiency Requirements Boost LED Luminaires Demand
  • LED Outdoor Lighting Poised for High Adoption in the Future
  • Global LED Lighting Market by Application (in %): 2020
  • LED Lighting Adoption Faster in Countries with High Power Costs
  • High Power Costs Supports Adoption of LED Lighting Systems: Household Electricity Prices (in US$ per kWh) by Country (December 2020)
  • OLED Lighting Remains a Niche Category
  • Demand for Waterproof LED Luminaires Witnesses a Surge
  • Government Policies Spur Adoption of Energy Efficient Lamps and Luminaires
  • LED Lighting for Hazardous Environments
  • Advances in Foundation Technology and Processes Allow LEDs to become Smarter
  • Advances in LED Domain Allow Luminaires to Evolve at Lighting Speed
  • Lighting Innovations to Support Performance, Quality and Connectivity
  • Increasing Adoption of LEDs in Innovative Niche Lighting Markets Favor Market Expansion
  • Proliferation of Smart Lighting, Connected Home Technology and Digitization Drive Healthy Market Growth
  • Global Smart Lighting Market by Application (in %) for 2020
  • Global Smart LED Lighting Market by Distribution Channel (in %): 2020
  • Superior Attributes of Smart Lighting over Traditional Lighting to Boost Market Prospects
  • Smart Intelligent LED Lighting Catalyzes Growth Prospects
  • Commercial Lighting: Adoption of Smart Lighting Systems Surges As a Measure to Cut Energy Costs
  • Lighting Technology Advancements for Commercial Buildings
  • An Insight into Top Trends in Commercial Lighting
  • Residential Sector: A Potential Laden Application Segment in the Long Run
  • Smart Lighting for Homes Surges amidst the Pandemic
  • Demand Rises for Smart, Energy Efficient Lighting Systems in Industrial Applications
  • Connected, Embedded, and Sustainable Lighting Drive Enormous Changes in Luminaire Design and Functionality
  • Connected Lighting to Witness Emergence of Several New Trends
  • Lighting Controls in Fixtures Offer Higher Savings, Energy Efficiency, and Space Efficiency, Augurs Well for Market Expansion
  • Controls for Connected, Intelligent, and Advanced LED luminaires
  • Rise of Smart Cities and Focus on Smart Energy Management Opens Up Opportunities for Smart Lighting Products
  • Global Market for Smart City Technologies in US$ Million for the Years 2019 and 2025
  • Smart Lighting Systems Find High Demand from Street Lighting Networks
  • Connected Street Lighting to Surge Post Pandemic
  • New Smart City Projects Spur Market Growth for Smart Street Lighting Systems
  • Consumer Spending on Smart Home Technologies Gathers Steam, Presenting Opportunities for Smart Lighting Solutions
  • Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Global Smart Home Market Breakdown by Technology (in %) for 2018 and 2022
  • Demand Rises for Energy Efficient Lighting Systems in Industrial Applications
  • Lighting Technologies for Industrial Spaces: Features, Rated Hours and Applications
  • Modernization Initiatives to Spur Demand for Industrial Luminaires
  • Latest Trends and Innovations in Industrial LED Lighting Industry
  • Smart Lighting Deployments Gain Momentum in Government Buildings and Public Lighting
  • Smart Lighting Solutions to Meet Needs of Healthcare Facilities
  • Advances in Lighting System & Controls Drive Adoption in Healthcare Facilities
  • Automotive Remains a Core End-Use Sector for Lighting Systems
  • Global Automotive Lighting Market by Technology (in %) for 2020
  • Global Automotive Lighting Market Breakdown (in %) by Segment: 2020
  • Pandemic's Impact on Automobile Production Affects Vehicular Lighting Products Market
  • World Automobile Production in Million Units for 2008-2022
  • Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
  • Noteworthy Trends in Next-Generation Automotive Lighting
  • Laser Light Represents Cornerstone Technology for Automotive Headlight
  • Stylish and Decorative Luminaires Drive Market Growth for Architectural Fixtures
  • Global Architectural LED Market by Application (in %) for 2020
  • Sculptural Lighting Fixtures Stand to Make Gains
  • Innovative Architectural Lighting Trends & Innovations
  • Home Decor Trends Drive the Portable Lighting Fixtures Market
  • Specialty Lighting Applications to Boost Demand for Smart Lighting Systems
  • UV Light Emerges as Important Weapon in War against COVID-19 Pandemic
  • Continuous Innovations & Changing Design Trends: The Mark of Lighting Fixtures Market
  • Transformative Trends in Lighting Designs
  • Lighting Design Considerations for a Post-COVID World
  • Emerging Lighting Trends: An Overview
  • Review of Select Interior Lighting Design Trends
  • Fixture Designs Impact Performance and Environment
  • Key Design Trends in the Lighting Fixtures Market
  • A Review of Select Innovative LED Fixtures
  • Lighting Decor Trends
  • Demographic and Socioeconomic Trends Influence Market Prospects
  • Ballooning Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Urbanization Trend
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Growing Middle Class Population
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Improving Standards of Living




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Global Market for Lighting Fixtures and Luminaires