Electric Lighting Equipment Market By Product Type (Lamps, Luminaires, Lighting Control Systems); By Technology (Incandescent & Halogen, Fluorescent, HID, LED); By Application (Residential, Commercial, Industrial, Outdoor & Infrastructure, Others); By Geography, Segment Revenue Estimation, Forecast, 2024–2030

Introduction And Strategic Context

The Global Electric Lighting Equipment Market is poised for steady expansion, growing at an estimated CAGR of 5.8%, valued at USD 132.4 billion in 2024, and forecast to reach around USD 186.3 billion by 2030, according to Strategic Market Research.

 

Electric lighting has moved well beyond functional illumination. It’s now embedded in energy systems, smart infrastructure, and aesthetic design. Between 2024 and 2030, the market’s momentum will largely be shaped by rising urbanization, government efficiency mandates, and the accelerating transition toward connected and sustainable lighting technologies.

 

LED technology has already reshaped the landscape, but it’s not the endpoint. Smart lighting systems—those integrated with sensors, wireless controls, and energy analytics—are increasingly being deployed in commercial spaces, smart homes, and industrial sites. Municipalities across Europe, China, and North America are retrofitting entire streetlight grids with adaptive lighting that responds to movement, traffic, and ambient conditions.

 

Energy codes and green certifications are also tightening the rules. From LEED in the U.S. to the EU’s EcoDesign Directive, building owners are under pressure to deploy energy-efficient fixtures and systems that meet carbon reduction targets. This directly impacts demand for high-efficacy LEDs, daylight harvesting systems, and IoT-enabled luminaires.

 

On the manufacturing side, geopolitical supply chain shifts are reshaping sourcing decisions. Several OEMs are reshoring component manufacturing to hedge against dependency on Asia-based supply hubs. At the same time, material innovation is underway. Organic LEDs (OLEDs), quantum dot technologies, and recyclable luminaire materials are advancing, albeit unevenly across segments.

 

Commercial real estate recovery and smart city infrastructure investments are giving the sector another boost. Airports, hotels, hospitals, and data centers are all embedding advanced lighting into their infrastructure—whether for human-centric design, safety, or energy efficiency. Meanwhile, the residential market is riding a different wave, led by home automation and voice-activated smart bulbs.

 

Stakeholders in this market range widely:

• OEMs producing luminaires, drivers, and control systems

• Construction firms and facility managers implementing lighting as part of building automation

• Utilities and government agencies offering rebates and incentives

• Tech companies entering the space through smart home platforms

• Investors who see stable, regulated demand linked to energy efficiency mandates

 

Market Segmentation And Forecast Scope

The Global Electric Lighting Equipment Market can be broken down into four strategic axes: Product Type, Technology, Application, and Region. Each layer captures how the industry is adapting to shifting energy policies, construction trends, and digital adoption.

By Product Type

This segment defines the core of the lighting equipment ecosystem. It includes:

• Lamps : Traditional incandescent, halogen, CFL, and LED bulbs. While legacy products still see use in select markets, LED lamps are now the dominant format.

• Luminaires : These are complete lighting units that include lamps and fixtures. This sub-segment is growing faster than standalone lamps due to integrated design, aesthetics, and control compatibility.

• Lighting Control Systems : Includes dimmers, occupancy sensors, daylight sensors, and central lighting management platforms. These are increasingly bundled into commercial and industrial lighting packages.

In 2024, luminaires are expected to hold the highest revenue share, driven by growing demand for architectural lighting and integrated smart systems.

 

By Technology

Technology segmentation defines how lighting systems perform and evolve. It includes:

• Incandescent & Halogen

• Fluorescent

• High-Intensity Discharge (HID)

• Light Emitting Diodes (LED)

LEDs continue to dominate with over 80% share in new installations globally. The shift isn’t just about energy savings—it’s about control. LEDs are inherently compatible with dimming, sensors, and connectivity platforms.

Fluorescent and HID systems still linger in older infrastructure but are gradually being phased out due to energy mandates.

 

By Application

This layer reflects how end users deploy lighting solutions based on environment and function:

• Residential : Includes smart bulbs, decorative fixtures, and automated home lighting.

• Commercial : Office buildings, retail spaces, hotels, and educational facilities rely on adaptive lighting for both energy management and occupant comfort.

• Industrial : Warehouses and factories use rugged, high-lumen fixtures for safety and visibility, often tied into broader building automation systems.

• Outdoor & Infrastructure : Streetlights, stadium lighting, airports, and transit stations. Governments are upgrading these systems to LED with IoT-based controls.

• Others : Includes entertainment lighting, stage lighting, and temporary construction lighting.

Commercial applications represent a stronghold segment, but outdoor and infrastructure are growing the fastest—driven by government retrofitting programs.

 

By Region

Regional markets reflect a mix of regulatory maturity, construction demand, and digital readiness:

• North America : High adoption of smart lighting and strong energy compliance requirements.

• Europe : Leading in sustainability regulations and circular lighting economy initiatives.

• Asia Pacific : The largest volume contributor—China and India are aggressively retrofitting public lighting infrastructure.

• LAMEA : Gradual growth, with Middle Eastern nations investing in smart city lighting; Africa remains largely underpenetrated.

Asia Pacific is expected to post the fastest CAGR between 2024 and 2030 due to urban expansion and commercial real estate recovery.

 

Market Trends And Innovation Landscape

The electric lighting industry is evolving fast—from commodity bulbs to intelligent, responsive systems. Over the last few years, this shift has sparked innovation across hardware, software, and design. What’s emerging is a market that blends utility, energy efficiency, and digital intelligence in equal measure.

Smart Lighting is Becoming Default, Not Premium

The push toward smart lighting isn’t confined to premium commercial projects anymore. Motion-sensing LEDs, voice-activated fixtures, and Wi-Fi/Bluetooth-enabled bulbs are making their way into homes and mid-tier office buildings.

Commercial property managers are leaning on centralized lighting management systems that respond to occupancy and daylight. Smart streetlights, for example, now dim automatically during low-traffic hours and feed back real-time diagnostics to city control rooms.

One facility consultant said, “If a lighting system isn’t giving us data, it’s already outdated.”

 

LEDs are Being Reinvented with New Materials

LEDs may dominate the market, but the R&D story isn’t over. Materials like quantum dots, graphene, and nanophosphors are being tested to boost color rendering, longevity, and energy efficiency. The idea is to surpass current performance ceilings while pushing boundaries on miniaturization and light quality.

 

OLEDs are gaining traction in specific high-end or architectural use cases. Their form factor—thin, flexible, and glare-free—makes them ideal for designers and automotive interiors.

That said, OLEDs still face cost and brightness limitations that keep them out of mass commercial applications for now.

 

Human-Centric Lighting is No Longer Just Healthcare

Lighting that mimics natural circadian rhythms—once limited to hospitals and high-end wellness spaces—is now spreading to offices and schools. Tunable white lights that adjust color temperature throughout the day are being deployed to boost worker focus and student alertness.

This “ biological lighting ” is also being explored in elder care facilities, where dementia patients may benefit from light patterns that regulate sleep and reduce agitation.

 

Lighting-as-a-Service (LaaS) is Reshaping Procurement

In many commercial sectors, companies no longer want to own lighting infrastructure. Instead, they subscribe to Lighting-as-a-Service (LaaS) models—outsourcing the design, installation, monitoring, and maintenance of lighting systems for a monthly fee.

This model lowers upfront capital investment and ensures ongoing upgrades. Utilities and OEMs are teaming up to offer bundled services that include IoT sensors and energy audits.

For building operators, this turns lighting from a CapEx problem into an OpEx benefit.

 

Circular Economy & Sustainable Fixtures

In regions like the EU, lighting manufacturers are under pressure to comply with eco-design and end-of-life directives. That’s driving investment in modular luminaires, recyclable components, and long-life products with replaceable LEDs and drivers.

Some companies are even offering buy-back programs for obsolete fixtures, targeting institutional clients like schools and municipalities.

 

Partnerships Are Fueling Innovation

Big players are forming alliances beyond just lighting—tech companies, software integrators, and cloud service providers are now part of the ecosystem. A few examples:

• A leading lighting OEM recently partnered with a cloud analytics firm to deliver real-time energy monitoring dashboards to clients.

• Another teamed up with a university lab to study the cognitive effects of circadian lighting in remote learning environments.

 

Competitive Intelligence And Benchmarking

The global electric lighting equipment space is led by a concentrated group of players that have managed to stay ahead through scale, sustainability, and integration with digital ecosystems. While LEDs have leveled the technology playing field in recent years, the true competition now lies in who can offer the smartest, most sustainable, and user-centric systems.

Signify (formerly Philips Lighting)

A clear global leader, Signify has leaned heavily into smart lighting through its Hue and Interact platforms. The company’s strength lies in its end-to-end solutions—from consumer smart bulbs to industrial-grade lighting control systems. Sustainability is central to its strategy, with recycled materials and modular design taking center stage in newer product lines.

Signify also leads in Lighting-as-a-Service (LaaS) adoption, especially in government contracts across Europe and North America.

 

Acuity Brands

U.S.-based Acuity has carved out a strong position in North America, especially in commercial and industrial lighting. Its edge lies in integrating lighting with building automation systems. Acuity’s nLight and SensorSwitch platforms are widely used in schools, warehouses, and hospitals.

The company is aggressively investing in AI-powered lighting controls and cloud-based facility management, making it a top choice for energy-conscious facility managers.

 

Osram (Now under ams OSRAM)

Osram’s legacy in industrial and automotive lighting remains strong, especially in Europe. The company is shifting toward LED modules, laser lighting, and optical semiconductors. Its high-end automotive offerings, including interior ambient systems and head-up display lighting, are key differentiators.

In recent years, Osram has increased focus on infrared and UV applications, blending lighting with sensing—critical in healthcare, agriculture, and industrial safety systems.

 

Cree LED (now under SMART Global Holdings)

Cree LED remains a strong player in the LED component segment, supplying other manufacturers with high-performance chips. Their focus on thermal management and high-brightness output makes them a top supplier for street lighting and stadium projects.

While they’re less active in the consumer-facing space, Cree is embedded in the value chain of many larger OEMs.

 

Eaton Corporation (Cooper Lighting Solutions)

Since spinning off its lighting business to Signify in Europe and refocusing in the Americas under Cooper Lighting, Eaton has continued to gain traction in industrial and emergency lighting. Its WaveLinx platform supports wireless control integration in both new construction and retrofit markets.

Eaton’s strength lies in grid-ready infrastructure —they serve a sweet spot where power distribution and smart lighting converge.

 

Hubbell Lighting

Hubbell offers a broad product range across residential, commercial, and industrial segments. While not as digitally forward as Signify or Acuity, the company maintains strong relationships with electrical contractors and municipal buyers.

They’ve been expanding their connected lighting portfolio and investing in energy analytics software, particularly for large campuses and institutional clients.

 

Regional Landscape And Adoption Outlook

While the Global Electric Lighting Equipment Market is unified by a push for energy efficiency and smart technology, adoption patterns differ widely across geographies. Some regions are deep into retrofitting smart infrastructure. Others are still building basic lighting capacity. This uneven landscape is shaping product demand, pricing, and go-to-market strategies.

North America

North America remains a front-runner, particularly in commercial smart lighting adoption. The U.S. market is benefiting from strong regulatory incentives like Energy Star, Title 24 in California, and utility rebate programs that encourage the shift to LEDs and controls.

There’s also a noticeable uptick in retrofitting projects —especially in K-12 schools, government buildings, and logistics warehouses. Smart city projects are helping cities like Chicago and Los Angeles deploy connected street lighting at scale.

Canada’s market is also active, although more centralized. Public infrastructure programs in Ontario and British Columbia are replacing older luminaires with dimmable, sensor-integrated LEDs.

The U.S. is driving growth not just through technology, but through policy-backed modernization.

 

Europe

Europe leads on sustainability mandates. The EU’s EcoDesign Directive and Green Deal are forcing manufacturers to comply with stringent product lifecycle standards—resulting in higher demand for modular, recyclable luminaires and circular lighting services.

Countries like Germany, the Netherlands, and the Nordic region are pushing ahead with Lighting-as-a-Service (LaaS) in public facilities. Even small towns are adopting adaptive lighting networks that respond to foot traffic and ambient conditions.

Eastern Europe is in catch-up mode. While basic LED upgrades are common, smart controls are still under-penetrated.

Europe’s lighting market is less about speed and more about sustainability compliance and total system optimization.

 

Asia Pacific

This region offers the highest growth potential through 2030, led by rapid urbanization and infrastructure development in China, India, Indonesia, and Vietnam. In China alone, provincial governments are funding upgrades to smart street lighting networks in over 100 second-tier cities.

India’s UJALA program helped distribute millions of subsidized LEDs—now, the focus is shifting to smart city infrastructure where lighting is integrated with traffic, surveillance, and pollution monitoring systems.

Japan and South Korea are moving toward high-end architectural and human-centric lighting, particularly in commercial buildings and hospitality. Southeast Asia remains mixed—while some metro areas are embracing smart lighting, rural regions still rely on CFLs or basic LEDs.

Asia Pacific is becoming the volume engine of the lighting industry—especially in outdoor, residential, and public infrastructure segments.

 

Latin America, Middle East, and Africa (LAMEA)

This region trails others in terms of smart lighting adoption, but change is happening.

In Latin America, Brazil and Mexico are leading modernization efforts in airports, highways, and large-scale commercial complexes. However, pricing sensitivity is high, and durability matters more than connectivity in many projects.

 

The Middle East, particularly Saudi Arabia and the UAE, is investing heavily in smart city initiatives where lighting is integrated into broader urban development plans. Qatar’s stadium lighting upgrades for recent global sporting events show the region’s push toward world-class lighting infrastructure.

In Africa, basic electrification remains the core focus. That said, NGOs and solar lighting startups are creating demand for standalone solar-LED hybrid solutions, particularly in off-grid regions.

For LAMEA, the opportunity lies in hybrid innovation—affordable, modular systems that can scale in low-infrastructure environments.

 

End-User Dynamics And Use Case

When it comes to lighting, the end user isn’t always the buyer—but they shape the system’s performance expectations. In the Global Electric Lighting Equipment Market, each type of end user brings distinct operational priorities, procurement cycles, and pain points. These nuances are what drive the product mix, pricing flexibility, and adoption of smart controls.

Commercial and Corporate Buildings

Office buildings, retail chains, malls, and coworking spaces make up a significant share of the global lighting demand. Their key focus is on energy efficiency, maintenance predictability, and increasingly, user comfort.

Open offices are shifting to sensor-driven adaptive lighting, where brightness adjusts based on occupancy and ambient daylight. Retail chains prioritize color rendering and mood-specific lighting that aligns with branding—requiring luminaires that can handle dynamic tuning.

Facility managers prefer centralized control platforms that tie into HVAC and access systems. In most urban centers, lighting is no longer siloed—it’s part of the broader building automation strategy.

In the U.S., a large real estate trust recently rolled out a wireless lighting management system across 20 properties. It cut their lighting energy usage by 34% in year one, with payback in less than 18 months.

 

Industrial and Logistics Facilities

Warehouses, factories, and distribution centers have different priorities. Here, lighting must be rugged, high-lumen, and long-life. Downtime is expensive, so buyers prefer fixtures that need little to no maintenance for years.

Occupancy-based lighting is becoming standard in low-traffic areas like storage aisles or utility corridors. Safety codes also drive demand for emergency lighting, backup battery systems, and high-bay LEDs.

Amazon-style fulfillment centers are installing integrated lighting that also tracks heat maps and foot traffic—linking lighting data to workflow optimization.

 

Residential Users

The home lighting segment is seeing rapid innovation, but adoption is fragmented by income, geography, and smart home penetration.

In mature markets, consumers are buying smart bulbs with voice control, color tuning, and scene presets. These aren’t just about ambiance—they help support routines like waking up gently, winding down at night, or automating vacation mode for security.

In emerging markets, the focus remains on cost per lumen, with uptake of basic LED lamps still rising.

Smart home hubs like Alexa and Google Home have accelerated demand for plug-and-play smart lighting. But many consumers still find ecosystem setup and compatibility frustrating.

 

Government and Municipal Authorities

City planners and public works departments are major buyers of outdoor and infrastructure lighting. Their main priorities:

• Lower energy bills

• Lower maintenance cycles

• More data and control

Smart street lighting is on the rise, particularly in cities upgrading for smart infrastructure readiness. These lights often include cameras, environmental sensors, and connectivity hardware—all mounted on the same pole.

Many governments now procure lighting under performance-based contracts, where vendors guarantee savings or uptime over 5–10 years.

 

Educational and Healthcare Institutions

These segments are leaning toward human-centric lighting — tunable fixtures that adjust brightness and warmth throughout the day to support student focus or patient recovery.

Hospitals, in particular, are adopting lighting systems that reduce glare, support circadian rhythms, and integrate with patient monitoring devices.

Some university campuses are treating lighting as a sustainability flagship project, pairing it with solar panels and dashboard-based energy tracking.

 

Use Case Spotlight

A public school district in Northern Europe implemented circadian lighting across 14 classrooms. The lights automatically shifted color temperature from cool (morning) to warm (afternoon), supporting students’ natural alertness cycles. Within a year, teachers reported reduced behavioral issues in younger children and more consistent attention spans. The district is now planning expansion to libraries and administrative areas.

 

Recent Developments + Opportunities & Restraints

Recent Developments (Last 2 Years)

• A leading European manufacturer launched a modular LED platform with embedded wireless controls designed for large-scale commercial retrofits.

• A U.S.-based lighting OEM introduced a new line of human-centric luminaires optimized for healthcare and education settings, featuring tunable white technology.

• A major Asian city deployed over 200,000 smart streetlights capable of real-time traffic monitoring and energy reporting through a cloud-based dashboard.

• An emerging player in North America rolled out a Lighting-as-a-Service model for small and mid-size office buildings, bundling fixtures, controls, and analytics into a subscription offering.

• Multiple OEMs expanded their portfolios with solar-integrated lighting systems, targeting off-grid and low-infrastructure regions in Africa and Southeast Asia.

 

Opportunities

• Lighting-as-a-Service (LaaS) Expansion : Commercial buyers are increasingly favoring service-based lighting models that reduce capital expenditure and ensure continuous upgrades.

• Emerging Market Electrification : Rapid urbanization in South Asia, Africa, and Latin America is creating demand for affordable, modular, and durable lighting systems—especially solar-LED hybrids.

• Integration with Smart Infrastructure : As cities roll out 5G, surveillance, and environmental sensors, lighting poles are becoming multifunctional hardware hubs.

• Workplace Wellness Demand : The rise of hybrid workspaces is fueling demand for tunable and human-centric lighting to improve productivity and mental well-being in both office and home settings.

 

Restraints

• High Upfront Costs in Smart and Sustainable Systems : While operational savings are strong, many facilities—especially in price-sensitive regions—struggle to justify initial investment in premium smart lighting setups.

• Interoperability and Integration Challenges : Compatibility across lighting control systems, smart home ecosystems, and building management software remains a major barrier, particularly in retrofitting projects.

• Lack of Skilled Technicians : Advanced lighting systems often require trained installers and IT support, which can be a bottleneck in underdeveloped or rural markets.

 

7.1. Report Coverage Table

Report Attribute	Details
Forecast Period	2024 – 2030
Market Size Value in 2024	USD 132.4 Billion
Revenue Forecast in 2030	USD 186.3 Billion
Overall Growth Rate	CAGR of 5.8% (2024 – 2030)
Base Year for Estimation	2024
Historical Data	2019 – 2023
Unit	USD Million, CAGR (2024 – 2030)
Segmentation	By Product Type, By Technology, By Application, By Region
By Product Type	Lamps, Luminaires, Lighting Control Systems
By Technology	Incandescent & Halogen, Fluorescent, HID, LED
By Application	Residential, Commercial, Industrial, Outdoor & Infrastructure, Others
By Region	North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Country Scope	U.S., UK, Germany, China, India, Japan, Brazil, etc.
Market Drivers	- Smart city and infrastructure investments - Adoption of human-centric and connected lighting - Government policies for energy efficiency and sustainability
Customization Option	Available upon request