What is the lighting market growth?

The global lighting market is expected to grow at a compound annual growth rate of 6.1% from 2026 to 2033 to reach USD 225.56 billion by 2033.

How big is the lighting market?

The global lighting market size was estimated at USD 142.49 billion in 2025 and is expected to reach USD 149.14 billion in 2026.

Who are the key players in lighting market?

The key market players in the global lighting market include Acuity Brands, Inc., Signify Holding, OSRAM GmbH, Eaton Corporation, Cree Lighting, Nichia Corporation, GE Lighting, Seoul Semiconductor Co., Ltd., Everlight Electronics Co., Ltd., Hubbell Incorporated, Zumtobel Group, Siteco GmbH, Panasonic Holdings Corporation, Havells India Ltd, and Toshiba Lighting.

What are the factors driving the lighting market?

The global lighting market is experiencing steady growth, driven by increasing demand for energy-efficient solutions, urbanization, and smart lighting technologies. Traditional lighting solutions, such as incandescent and halogen bulbs, are being phased out in favor of LED lighting, which dominates the market due to its superior energy efficiency, longer lifespan, and cost-effectiveness.

Which segment accounted for the largest lighting market share?

The offline segment accounted for the largest market share of over 64% in 2025. Leading lighting brands are increasing their presence in retail outlets and specialty stores, making their products more accessible to consumers. The availability of lighting in home improvement stores, lighting showrooms, and electronics outlets has significantly contributed to the growth of the offline segment.