General Lighting Market Growth Opportunities: Insights from 2025–2029

November 14, 2025 by The Business Research Company

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How Does The Market Size Of The General Lighting Industry Compare Between 2025 And 2029?

The overall scope of the general lighting sector has experienced consistent expansion lately, projecting an increase from $97.11 billion in 2024 to $101.49 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.5%. This upward trajectory observed during the past period is linked to robust economic expansion in developing regions, a rise in the adoption of voice-controlled apparatuses, a favorable low-interest-rate climate, greater worldwide access to the internet, significant capital outlays, and expanding personal wealth levels.

Projections indicate that the overall illumination sector will experience consistent expansion over the upcoming years, reaching a valuation of $122.77 billion by 2029, propelled by a compound annual growth rate (CAGR) of 4.9%; this anticipated growth throughout the forecast horizon stems from several factors, such as the sustained boost in construction efforts, a reduction in the expense associated with producing LEDs, escalating urbanization trends, greater electricity consumption, and a rising global population, while key developments shaping this period involve heightened interest in Li-Fi technology, advancements within smart and human-centric lighting systems, the emergence of healthy lighting solutions, a rise in corporate mergers and acquisitions activity, the introduction of Wi-Fi enabled LED bulbs, the debut of novel products, and substantial demand for energy-efficient LED lighting.

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Which Drivers Are Shaping The General Lighting Industry’s Market Share?

Escalating construction endeavors worldwide are fueling a rising need for general illumination solutions. Illumination apparatus is essential not only in residential units but also within professional office environments, meaning that as building projects expand, so too does the necessity for this type of lighting. Projections from Global Construction Perspectives and Oxford Economics anticipate that the worldwide construction sector will experience an expansion exceeding seventy percent up to the year 2025, and this heightened appetite for construction work is thus expected to positively drive the expansion of the general lighting market.

How Is The General Lighting Market Classified Into Different Segments?

The general lighting market covered in this report is segmented –

1) By Product Type: Light Emitting Diode (LED), Compact Fluorescent Lamps (CFL), Linear Fluorescent Lamps (LFL), High Intensity Discharge (HID), Halogens, Incandescent

2) By End User: Residential, Commercial, Outdoor, Industrial And Others

Subsegments:

1) By Light Emitting Diode (LED): LED Bulbs, LED Tubes, LED Downlights, Smart LED Lighting, Architectural LED Lighting

2) By Compact Fluorescent Lamps (CFL): Standard CFLs, CFL Reflectors, Dimmable CFLs, Specialty CFLs

3) By Linear Fluorescent Lamps (LFL): T5 Fluorescent Tubes, T8 Fluorescent Tubes, T12 Fluorescent Tubes, High Output (HO) Fluorescent Tubes

4) By High Intensity Discharge (HID): Metal Halide Lamps, High-Pressure Sodium (HPS) Lamps, Low-Pressure Sodium (LPS) Lamps, Mercury Vapor Lamps

5) By Halogens: Halogen Bulbs, Dimmable Halogen Lamps, Specialty Halogen Lamps

6) By Incandescent: Standard Incandescent Bulbs, Decorative Incandescent Lamps, Dimmable Incandescent Bulbs, Rough Service Incandescent Bulbs

What Trends Are Redefining The General Lighting Market Dynamics?

The adoption of Li-fi (Light Fidelity) networks by enterprises for producing standard illumination apparatus is on the rise. Serving as a form of wireless optical networking, Li-Fi utilizes light-emitting diodes (LEDs) to convey digital information. Data transfer speeds reaching as high as 224 gigabits per second are achieved through a tiny chip integrated within the Li-Fi bulbs, which manipulates the very light beams employed for transmitting data. Demonstrating a significant advancement in the field, Kyocera SLD Laser revealed their creation of the globe’s quickest Li-Fi system during the year 2022.

Who Are The Major Companies Operating In The General Lighting Market?

Major companies operating in the general lighting market include Schneider Electric SE, Panasonic Corporation, Signify N.V., Osram Licht AG, Acuity Brands, Inc., Eaton Corporation PLC, GE Lighting, Advanced Lighting Technologies, LLC, Honeywell International Inc., Wipro Limited, Surya Roshni Ltd., Havell’s India Limited, SSK Group, Halonix, Param LED Products, MLS Lighting, NVC International Holdings Limited, OPPLE Lighting, San’an Optoelectronics Co., Ltd, Meka Electric Corporation, YEELIGHT, Odeer Lighting, Longhorn Intelligent Tech Co., LTD, Koninklijke Philips N.V., Decon Lighting Pvt. Ltd., Cooper Lighting, LG Innotek, Toshiba, Perfand LEd, Lena Lighting, PXF Lighting, Es-System, ELBA, Alpha Lighting, Tes-Lamp, Newled, Elux, Bergmen, Ideal Industries, Digital Lumens, Dimonoff, Cree, LSI Industries Inc., Energy Focus, Inc., Lumileds, OM lighting, UL, Dialight, Sylvania Lighting, Regency Lighting, Frederico Lopes Leal, Light Tool Industries E Comercio Ltd., Larsa Lighting, Arrco, Murano Lighting, Led world me, UC Lighting, Lutron, TRUST LED, Citizen Electronics Co. Ltd., Shell Petroleum Development Corporation, Light Line Investment Ltd

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What Regional Growth Trends Are Shaping The General Lighting Market Outlook?

Asia-Pacific was the largest region in the general lighting market in 2024. North America was the second-largest region in the global general lighting market share. The regions covered in the general lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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