LIGHTING FIXTURES MARKET ANALYSIS

Lighting Fixtures Market, By Product Type (Indoor Lighting, Outdoor Lighting, Smart Lighting, Emergency & Exit Lighting, and Architectural Lighting), By Technology (LED, CFL, Incandescent Lighting, Halogen Lighting, and Fluorescent Lighting), By End User (Residential, Commercial, Industrial, Outdoor/Street, and Others), By Distribution Channel, (Direct Sales, Online Sales, and Retail Sales), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025
Code : CMI1023
Pages :130
Formats :
Excel and PDF
Industry : Consumer Electronics

Lighting Fixtures Market Size and Trends

The global lighting fixtures market size is estimated to be US$ 272.33 Bn in 2025 and is expected to reach US$ 653.09 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 13.3% from 2025 to 2032.

Key Takeaways of the Lighting Fixtures Market:

The indoor lighting segment is estimated to hold the highest market share of 40.7% in 2025.
The LED (Light Emitting Diode) segment is projected to dominate the market with a whopping 56.0% share in 2025.
Among the end user segment, the residential segment is estimated to lead with a 36.3% share in 2025.
The Asia Pacific region is estimated to dominate the market with a 42.9% in 2025, while North America, holding 27.3% market share in the same year, will witness the fastest growth over the forecast period.

Market Overview:

Rapid urbanization and rising disposable income are fueling the demand for lighting fixtures across both the residential and commercial sectors globally. The market is expected to witness technological advancements such as smart and automated lighting systems. Also, government initiatives promoting the development and adoption of energy-efficient lighting systems will impact the market positively.