Energy Efficient Fixtures Market To Reach $150.38 Billion By 2030

Energy Efficient Fixtures Market Growth & Trends

The global energy efficient fixtures market size is anticipated to reach USD 150.38 billion by 2030 and is anticipated to expand at a CAGR of 6.4% during the forecast period, according to a new report by Grand View Research, Inc. Technological advancements in lighting systems are significantly driving the market for energy-efficient fixtures. Innovations in LED technology, sensor-based lighting, and smart lighting solutions have revolutionized the way energy is consumed in buildings. Energy-efficient fixtures are now equipped with features such as dimming, motion sensing, and daylight harvesting, which optimize energy consumption by adjusting to the needs of the environment. These technologies offer significant reductions in electricity consumption, lower operational costs, and improved lighting performance, making them increasingly attractive to businesses, consumers, and building owners. As these technologies continue to evolve, energy-efficient fixtures are becoming more cost-effective, durable, and versatile, contributing to their rising adoption worldwide.

In addition, the growing awareness of environmental sustainability and the need to reduce carbon footprints is driving the demand for energy-efficient lighting solutions. As global concerns over climate change intensify, both consumers and businesses are seeking environmentally friendly alternatives that minimize energy waste. Energy-efficient fixtures, particularly LED lighting, have a much lower environmental impact compared to traditional incandescent or fluorescent lighting. This shift towards sustainable practices is further accelerated by the increasing preference for energy-efficient solutions in the commercial, industrial, and residential sectors, where reducing energy consumption is seen as both a cost-saving measure and an important part of corporate social responsibility efforts. As awareness continues to grow, the demand for energy-efficient fixtures is expected to maintain its upward trajectory globally.         

The rapid urbanization and infrastructure development across emerging economies also play a crucial role in driving the energy-efficient fixtures market. As cities expand and new buildings are constructed, there is an increasing demand for energy-efficient lighting solutions in residential, commercial, and industrial spaces. Countries in Asia Pacific, the Middle East, and Africa, with growing populations and urban centers, are adopting energy-efficient fixtures as part of their urban planning and development strategies. These regions are witnessing large-scale infrastructure projects that prioritize sustainability, and the adoption of energy-efficient lighting is central to these efforts. In addition, government-backed initiatives and smart city projects in developing countries are pushing for energy-efficient technologies, contributing to global market growth.

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Energy Efficient Fixtures Market Report Highlights

• The lighting fixtures segment led the market and accounted for the largest revenue share of 35.2% in 2024. Technological advancements in lighting fixture design and functionality are contributing to the expansion of the market.

• The residential segment dominated the market and accounted for the largest revenue share of 42.8% in 2024. The increasing consumer awareness of energy conservation and sustainability is a key driver of the residential segment in the global energy-efficient fixtures market.

Energy Efficient Fixtures Market Segmentation

Grand View Research has segmented global energy efficient fixtures market on the basis of product, end-use and region:

Energy Efficient Fixtures Product Outlook (Revenue, USD Million, 2018 - 2030)

• Lighting Fixtures

• HVAC Fixtures

• Plumbing Fixtures

• Building Fixtures

• Other Products

Energy Efficient Fixtures End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Residential

• Commercial

• Industrial

Energy Efficient Fixtures Region Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

• Middle East & Africa

List of players in the Energy Efficient Fixtures Market

• Eaton Corporation

• Advanced Lighting Technologies South Korea Inc.

• Philips Lumec

• General Electric

• Nichia Corporation

• Schneider Electric

• ABB

• Bridgelux, Inc.

• Toshiba Corporation

• Digital Lumens, Inc.