Electric Lighting Equipment Market
Report ID: SQMIG20D2348
Report ID: SQMIG20D2348
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Report ID:
SQMIG20D2348 |
Region:
Global |
Published Date: December, 2025
Pages:
177
|Tables:
115
|Figures:
72
Global Electric Lighting Equipment Market size was valued at USD 119.24 Billion in 2024 and is poised to grow from USD 129.26 Billion in 2025 to USD 246.43 Billion by 2033, growing at a CAGR of 8.4% during the forecast period (2026–2033).
Growing urbanization, the need for energy-efficient solutions and technological advancements are driving the global electric lighting equipment market growth. Future governments worldwide are concentrating on the deployment of advanced lighting technologies for urban planning and sustainability initiatives, as well as the development of smart city infrastructure.
For instance, smart lighting is being incorporated into Smart Nation initiatives by cities such as Singapore. Real-time data such as occupancy, ambient light levels and weather, conditions are used by these smart lighting systems to provide dynamic data. To maximize energy use and improve public safety they are positioned thoughtfully in commercial districts, public areas and transit hubs. Public-private partnerships are expected to continue the deployment of such intelligent lighting solutions, used for adaptive illumination, public safety enhancements and environmental monitoring. This program is one part of Singapore's larger commitment to build sustainable urban infrastructure as it seeks to improve municipal efficiency and resident engagement.
The global electric lighting equipment industry has witnessed several advancements and innovations that have spurred on technological advancement. Machine learning and artificial intelligence have come together and changed how lighting systems operate and also enabled hyper-targeted, real-time adjustments based on occupancy, daylight availability and user preferences. In 2024, with the introduction of advanced IoT networks and communication protocols, intelligent lighting platforms offer an even more functionally efficient system to further increase the precision and efficiency of timely lighting adjustments. Furthermore, energy conservation through the savings of operations and environmental impact, is yet another means through which energy-efficient and solar-powered lighting solutions will make the world a more sustainable place.
What Makes AI Integration Crucial for Next-Gen Lighting Solutions?
Artificial intelligence (AI) is enabling hyper-targeted, real-time content and measurement against, environmental conditions and user needs, which is massively changing the global electric lighting equipment market outlook. AI-enabled lighting platforms draw upon data such as weather, occupancy information, traffic patterns, etc., to customize illumination and improve energy efficiency and user comfort. Urban planning projects installed AI-enabled lighting panels with dynamic content in two significant public transportation hubs between 2024 and 2025. These panels automatically adjusted based on the number of occupants and ambient light levels. Furthermore, in March 2025, smart lighting installations were introduced in major cities. These installations use AI-powered sensors to dynamically adjust illumination in response to pedestrian flow, and real-time environmental factors. When taken as a whole, these advancements show just a few of the ways AI is making lighting solutions more intelligent and superior.
Market snapshot - 2026-2033
Global Market Size
USD 110.0 billion
Largest Segment
New Installations
Fastest Growth
Retrofit Installations
Growth Rate
8.4% CAGR
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Global Electric Lighting Equipment Market is segmented by Product, Installation Type, Application, End User and region. Based on Product, the market is segmented into LED Lighting, Incandescent Lighting, Fluorescent Lighting and Others. Based on Installation Type, the market is segmented into New Installations and Retrofit Installations. Based on Application, the market is segmented into Indoor Lighting and Outdoor Lighting. Based on End User, the market is segmented into Residential, Commercial, Industrial and Government & Infrastructure. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
As of electric lighting equipment industry analysis, the new installations subsegment dominates the electric lighting equipment market. This is primarily driven by rising infrastructure development projects especially in emerging markets across Asia-Pacific and the Middle East. Lighting is being designed and installed with energy efficiency, aesthetics, and smart control in mind from the very beginning, whether in smart residential complexes, commercial towers or greenfield industrial zones. The Delhi-Mumbai Industrial Corridor (DMIC), for instance, has greatly increased demand for new lighting installations by implementing high-efficiency LED systems with centralized control as part of its rollout of smart infrastructure.
However, over the course of the forecast period, the retrofit installations subsegment is anticipated to grow at the fastest rate. Mandates for the energy transition, growing electricity prices, and corporate sustainability objectives are driving this upsurge. Smart, sensor-integrated LEDs which can save up to 70% on energy costs, are taking the place of conventional incandescent or CFL lighting in both homes, and businesses.
As per global electric lighting equipment market analysis, due to its extensive use in commercial, industrial, and residential settings, indoor lighting currently holds a dominant position in the global market for electric lighting equipment. The extensive use of LED-based smart lighting systems in office buildings, retail chains and hospitals to maximize energy efficiency improve aesthetics and improve occupant comfort is proof that the commercial sector plays a major role. In order to reduce operating costs enhance the visual merchandising impact and automatically adjust brightness, companies such as Reliance Smart and IKEA. For instance, have installed intelligent lighting systems in their showrooms and store floors. IoT-enabled lighting is becoming more popular particularly for occupancy-based controls and ambient personalization, which further solidifies this segment's lead.
On the other hand, the retrofit installations subsegment is expected to be the fastest-growing over the forecast period. This surge is being fueled by energy transition mandates, rising electricity costs, and corporate sustainability goals. Businesses and homeowners alike are replacing traditional incandescent or CFL lighting with smart, sensor-integrated LEDs that offer up to 70% energy savings.
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As per electric lighting equipment market regional analysis, North America leadership stems from high-tech infrastructure, aggressive retrofitting policies, and growing investments in smart buildings. Furthermore, stringent energy efficiency regulations like California's Title 24 standards have sped up the industry-wide transition to networked, energy-efficient lighting systems.
The strong demand from the commercial and industrial sectors supports the U.S. continued dominance. IoT-connected LED lighting has completely replaced CFL lighting in iconic retrofitting projects such as the Midtown office transformation in New York improving ambience and cutting expenses.
Canada is experiencing steady growth, especially in urban centers such as Toronto and Vancouver. Due to rebates offered by initiatives like the Canada Greener Homes Grant, and growing awareness of energy conservation, demand is also increasing in the residential sector. For instance, of Canada's transition to intelligent lighting ecosystems is the incorporation of motion-based controls, and daylight harvesting in public buildings.
The market with the fastest rate of growth is Asia-Pacific. Massive construction projects, government-led smart city initiatives and fast urbanization all contribute to growth. More than 40% of smart street lighting installations worldwide were made in the region in 2024 alone, mostly in China, India, and Southeast Asia.
Leading the way in lighting innovation is South Korea. In 2024, Seoul Semiconductor and LG Innotek introduced adaptive LED lighting systems for hospitals, and metro stations that change brightness according to time and occupancy. Government investment in smart transportation corridors is also boosting outdoor lighting demand.
Japan’s lighting market is characterized by advanced integration of human-centric lighting in both commercial and elderly care facilities. The Japanese government’s push for net-zero buildings (ZEB) Japan to stimulate demand for high-efficiency lighting solutions, particularly in newly developed mixed-use zones.
As per electric lighting equipment market regional outlook, energy efficiency and adherence to environmental regulations coexist with technological advancement in Europe lighting market, which is both mature and dynamic. Low-carbon lighting infrastructure and intelligent energy management, are gaining traction, due to programs like the European Green Deal and Ecodesign Directive.
The transition from legacy systems to smart lighting is accelerating in the UK. Remote fault detection and real-time monitoring are supported by the move. In suburban, and rural areas, solar-powered lighting is becoming more and more popular, helping the nation reach its zero-emission targets.
AI-powered lighting systems in both public and private infrastructure are being prioritized in Germany. In 2025, a citywide intelligent lighting network that adjusts to time, weather, and pedestrian flow was implemented in Berlin's new commercial zone. In addition to using less energy, this system incorporates surveillance and public Wi-Fi. Households and SMEs are being encouraged to upgrade to eco-friendly lighting through initiatives like KfW's Energy-Efficient Building subsidies.
France is making strong strides in contextual and architectural lighting. Following this, the French Ministry of Ecological Transition mandated retrofitting across all public buildings by 2028, boosting demand for connected lighting systems with daylight and occupancy sensors.
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Rising Energy Efficiency Regulations
Growth of Smart Infrastructure Initiatives
Limited Awareness in Emerging Markets
Environmental Issues with Electronic Waste
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The electric lighting equipment market is highly competitive, with both local and international companies concentrating on innovation, and growth. Important businesses are making significant investments in energy-efficient solutions, IoT integration and smart lighting technologies, in order to keep their position as leaders. Market entry is being accelerated by strategic mergers and acquisitions, which also allow businesses to improve their R&D capabilities, and diversify their portfolios. Manufacturers are also being assisted in customizing lighting solutions for commercial, industrial and residential applications through partnerships with government organizations, urban planners, and construction companies. Through brand differentiation, smart infrastructure alignment, and sustainability, these electric lighting equipment market strategies are influencing the long-term growth trajectory of high-performing players.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rapid urbanization, the growth of smart city initiatives and the growing need for energy-efficient lighting are driving the steady expansion of the global market for electric lighting equipment. Because of its long lifespan, low energy consumption and declining costs LED technology is still widely used. IoT-integrated smart and connected lighting systems are being adopted by key industries like residential, commercial and industrial. Government policies that encourage carbon neutrality and sustainability also aid in market growth. Asia-Pacific is becoming the fastest-growing region, but North America still leads in infrastructure and innovation. Product innovation, mergers and strategic alliances, all influence competitive dynamics. With an emphasis on clever, environmentally friendly solutions, the market outlook is still positive.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 119.24 Billion |
| Market size value in 2033 | USD 246.43 Billion |
| Growth Rate | 8.4% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Electric Lighting Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electric Lighting Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electric Lighting Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Electric Lighting Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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