Lightings And Luminaires Market Report 2024 (Global Edition)

Global Lightings And Luminaires Market Report 2024 Market Size Split by Type (LED Lighting, Incandescent Lighting, Fluorescent Lighting, Others), by Application (Residential, Commercial, Industrial), ...

Lightings And Luminaires Market Report Description

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Competitive Landscape of the Lightings And Luminaires Market

The Competitive Landscape of the Lightings and Luminaires Market is characterized by intense competition among key players striving to innovate and differentiate their offerings in terms of design, performance, and energy efficiency. Established companies, as well as emerging startups, are vying for market share by leveraging their technological expertise, brand reputation, and distribution networks

June 2022 - HELLA launched Energy-Efficient Work Lamps And Floodlights in India. HELLA’s floodlights and work lamps are used wherever ideal illumination of the work area is required to increase worker safety.

(Source: https://www.hella.com/soe/en/News/Energy-efficient-work-lamps-and-floodlights-from-HELLA-provide-optimum-illumination-5313/)

May 2023 - Signify N.V. has announced it has illuminated 43 villages in Majuli Island, Assam, to increase the safety of local inhabitants by lighting up their streets with Solar Lights. The project executed in partnership with (ESAF) is part of the company’s Har Gaon Roshan CSR Program, that focuses on sustainable rural development.

(Source: https://www.signify.com/en-in/our-company/news/press-releases/2023/20230522-signifys-lightsup-majuli-island-solar-lighting-benefitting-lives)

Top Companies Market Share in Lightings And Luminaires Industry: (In no particular order of Rank)

• Koninklijke Philips N.V.
• Cree INC.
• OSRAM Licht AG
• General Electric Company
• Toshiba Corp.
• Eaton Corporation Plc.
• Panasonic Corporation
• Acuity Brands Lighting Inc
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Lightings And Luminaires Market

Which Region Dominates the Lightings And Luminaires Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America's dominance in the Lightings and Luminaires market can be attributed to several key factors. Firstly, the region has a mature and well-established infrastructure, which has led to significant investments in commercial, industrial, and residential construction projects, driving the demand for lighting products. Secondly, stringent energy efficiency regulations and a strong focus on sustainability have encouraged the adoption of energy-efficient lighting solutions, such as LED luminaires, in North America. Additionally, the region's strong economy and high consumer purchasing power have contributed to the growth of the residential lighting market. Lastly, the presence of major lighting manufacturers and technological advancements in lighting technologies have also fueled the market growth in North America.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific stands out as the fastest-growing region in the Lightings And Luminaires market due to several compelling reasons. Firstly, the region is experiencing rapid urbanization and industrialization, leading to increased demand for lighting in commercial, residential, and industrial sectors. Additionally, government initiatives promoting energy efficiency and the adoption of LED lighting have further boosted market growth. Rising disposable incomes and improving standards of living have also fueled demand for premium lighting products in the region. Furthermore, the growing focus on smart lighting solutions and the presence of major manufacturers investing in the Asia Pacific region have contributed to its rapid growth in the Lightings and Luminaires market

The current report Scope analyzes Lightings And Luminaires Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

North America Lightings And Luminaires Market

According to Cognitive Market Research, the global Lightings And Luminaires market size was estimated at USD 73815.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 29526.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. In North America, the Lightings and Luminaires Market is witnessing significant growth driven by several factors. The region's strong economic growth, coupled with a high level of infrastructure development, particularly in the commercial and industrial sectors, is fueling the demand for advanced lighting solutions. Segmentation analysis of the North American market reveals a growing demand for LED lighting solutions, particularly in the commercial and residential sectors. The residential segment is witnessing a surge in demand for smart lighting solutions, driven by the increasing adoption of home automation systems. In conclusion, the North America Lightings and Luminaires Market is poised for substantial growth, driven by factors such as economic development, infrastructure expansion, and the shift towards energy-efficient lighting solutions.

• According to Cognitive Market Research, the US had a major share in the Lightings And Luminaires market with a market size of USD 23296.08 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The demand is amplified by the nation's economic development, infrastructure expansion propel consistent growth.
• The Canada Lightings And Luminaires market had a market share of USD 3543.13 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Canada's robust the shift towards energy-efficient lighting solutions to increased usage of Lightings And Luminaires.
• The Mexico Lightings And Luminaires market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 2686.87 million in 2024.

Europe Lightings And Luminaires Market

According to Cognitive Market Research, the global Lightings And Luminaires market size was estimated at USD 73815.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 22144.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. In Europe, the Lightings and Luminaires Market is undergoing significant transformations driven by various factors unique to the region. With increasing awareness of environmental sustainability and energy efficiency, there's a notable shift towards LED lighting solutions across residential, commercial, and industrial sectors. In Europe, the Lightings and Luminaires Market is undergoing significant transformations driven by various factors unique to the region. With increasing awareness of environmental sustainability and energy efficiency, there's a notable shift towards LED lighting solutions across residential, commercial, and industrial sectors. Segmentation analysis reveals distinct trends across different market segments. In the residential sector, there's a growing demand for smart lighting systems that offer enhanced control and energy savings. In conclusion, the European Lightings and Luminaires Market presents opportunities for both established players and new entrants to innovate and cater to evolving consumer demands. As the region continues its transition towards sustainable lighting solutions, manufacturers are expected to invest in research and development to create products that not only meet regulatory standards but also offer superior performance and user experience.

• The United Kingdom Lightings And Luminaires market had a market share of USD 3720.29 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. In the UK, Lightings And Luminaires sales witness an upswing due to the nation's increasing awareness of environmental sustainability and energy efficiency.
• The France Lightings And Luminaires market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD 2037.30 million in 2024.
• According to Cognitive Market Research, the Germany Lightings And Luminaires market size was valued at USD 4384.62 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. In Germany, Lightings And Luminaires sales surge due to the nation's increasing invest in research and development.
• The Italy Lightings And Luminaires market is projected to witness growth at a CAGR of 4.9% during the forecast period with a market size of USD 1904.43 million in 2024.
• The Russia Lightings And Luminaires market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD 3432.41 million in 2024.
• The Spain Lightings And Luminaires market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 1815.85 million in 2024.
• The Luxembourg Lightings And Luminaires market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 686.48 million in 2024.
• The Portugal Lightings And Luminaires market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD 465.04 million in 2024.
• The Greece Lightings And Luminaires market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 265.73 million in 2024.
• Rest of Europe Lightings And Luminaires market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 3432.41 million in 2024.

Asia Pacific Lightings And Luminaires Market

According to Cognitive Market Research, the global Lightings And Luminaires market size was estimated at USD 73815.2Million out of which Asia Pacific held the market ofaround23% of the global revenue with a market size of USD 16977.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031. In the Asia Pacific region, the Lightings and Luminaires Market is witnessing rapid growth and transformation driven by several factors unique to the region. The increasing urbanization and infrastructural development across countries like China, India, and Southeast Asian nations are fueling the demand for advanced lighting solutions. Segmentation analysis reveals diverse trends across different market segments. In the residential sector, there's a rising preference for smart lighting systems that offer convenience and energy savings. In conclusion, the Asia Pacific Lightings and Luminaires Market presents significant opportunities for market players to innovate and expand their presence. With governments in the region promoting energy-efficient lighting solutions through incentives and regulations, manufacturers are expected to invest in research and development to meet the growing demand.

• According to Cognitive Market Research, the China Lightings And Luminaires market size was valued at USD 222.65 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Lightings And Luminaires sales surge in China due to the nation's technological innovation, increasing consumer demand, and a burgeoning electronics market.
• The Japan Lightings And Luminaires market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD 68.28 million in 2024.
• The India Lightings And Luminaires market had a market share of USD 59.37 million in 2024 and is projected to grow at a CAGR of 7.8%during the forecast period. The demand is augmented by India's rapid urbanization, increasing disposable income.
• The South Korea Lightings And Luminaires market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD 49.48 million in 2024.
• The Australia Lightings And Luminaires market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 25.73 million in 2024.
• The South East Asia Lightings And Luminaires market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 34.14 million in 2024.
• The Rest of Asia Pacific Lightings And Luminaires market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 35.13 million in 2024.

South America Lightings And Luminaires Market

According to Cognitive Market Research, the global Lightings And Luminaires market size was estimated at USD 73815.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 3690.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031. In the Latin America region, the Lightings and Luminaires Market is influenced by economic factors, urbanization trends, and increasing focus on sustainability. Countries like Brazil, Mexico, and Argentina are key markets driving the demand for innovative lighting solutions. Segmentation analysis reveals distinct trends across different market segments. In the residential sector, there's a preference for energy-efficient lighting solutions that enhance ambiance. The commercial sector is adopting smart lighting technologies to improve energy management and create dynamic environments. In conclusion, the Latin America Lightings and Luminaires Market presents a mix of challenges and opportunities for market players. While economic uncertainties and infrastructure limitations pose challenges, increasing awareness about energy efficiency and environmental impact is driving the adoption of advanced lighting technologies.

• According to Cognitive Market Research, the Brazil Lightings And Luminaires market size was valued at USD 1579.65 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Lightings And Luminaires sales flourish in Brazil due to the nation's adoption of advanced lighting technologies.
• The Argentina Lightings And Luminaires market had a market share of USD 620.05 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. The demand is augmented by Argentina's growing population and rising disposable incomes.
• The Colombia Lightings And Luminaires market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 328.48 million in 2024.
• The Peru Lightings And Luminaires market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 302.64 million in 2024.
• The Chile Lightings And Luminaires market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 265.73 million in 2024.
• The Rest of Latin America Lightings And Luminaires market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD 594.21 million in 2024.

Middle East and Africa Lightings And Luminaires Market

According to Cognitive Market Research, the global Lightings And Luminaires market size was estimated at USD 73815.2 Million out of which Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD 1476.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. In the Middle East and Africa region, the Lightings and Luminaires Market is driven by rapid urbanization, infrastructure development, and government initiatives promoting energy efficiency. Countries like the UAE, Saudi Arabia, and South Africa are key markets witnessing significant growth in the adoption of advanced lighting solutions. Segmentation analysis reveals distinct trends across different market segments. In the residential sector, there is a growing demand for decorative and energy-efficient lighting solutions. The commercial sector is embracing smart lighting technologies to enhance operational efficiency and reduce energy costs. In conclusion, the Middle East and Africa Lightings and Luminaires Market present lucrative opportunities for market players. However, challenges such as volatile economic conditions and regulatory complexities need to be addressed.

• The GCC Countries Lightings And Luminaires market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 7.52 million in 2024.Lightings And Luminaires sales flourish due to the region's rapid urbanization, infrastructure development.
• The Egypt Lightings And Luminaires market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 155.01 million in 2024.
• The South Africa Lightings And Luminaires market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD 233.26 million in 2024. Lightings And Luminaires sales flourish in South Africa due to the region's government initiatives promoting energy efficiency.
• The Turkey Lightings And Luminaires market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 126.96 million in 2024.
• The Nigeria Lightings And Luminaires market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 155.01 million in 2024.
• The Rest of MEA Lightings And Luminaires market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD 174.20 million in 2024.

Lightings And Luminaires Market Analysis

Lightings And Luminaires Market Type Segment Analysis

According to Cognitive Market Research, LED lighting stands out as the dominating category in the Lightings and Luminaires Market. LED technology has revolutionized the lighting industry due to its numerous advantages over traditional lighting sources. LED luminaires offer significantly higher energy efficiency, longer lifespan, and lower maintenance costs compared to incandescent and fluorescent lighting. Moreover, LED lights provide superior brightness, color rendering, and controllability, making them ideal for a wide range of applications, including residential, commercial, and industrial lighting.

The fastest-growing category in the Lightings and Luminaires Market is Incandescent Lighting. Incandescent Lighting systems integrate LED technology with advanced controls and connectivity features, allowing users to remotely manage and customize their lighting environments. The rapid proliferation of smart home technologies and the Internet of Things (IoT) is fueling the demand for Incandescent Lighting. These systems offer benefits such as energy efficiency, convenience, and enhanced ambiance control, appealing to both residential and commercial consumers.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Lightings And Luminaires Industry. Request a Free Sample PDF!

Lightings And Luminaires Market Application Segment Analysis

According to Cognitive Market Research, The dominant category in the Lightings and Luminaires Market is the commercial segment. Commercial applications include lighting for offices, retail stores, hotels, restaurants, and other public spaces. The commercial sector requires a significant amount of lighting for both functional and aesthetic purposes, driving the demand for a wide range of lighting products and solutions. Businesses are increasingly focusing on energy efficiency and cost savings, leading to the adoption of LED lighting and other energy-efficient technologies.

The fastest-growing category in the Lightings and Luminaires Market is the residential segment. The residential sector is experiencing growth due to several factors, including urbanization, population growth, and increasing disposable incomes. As more people move to urban areas and purchase homes, there is a growing need for lighting products for residential buildings. Moreover, the rising awareness of energy efficiency and the availability of a wide range of lighting options have led to increased adoption of modern lighting solutions in homes.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Lightings And Luminaires market report 2024 Edition by contacting our team.

Lightings And Luminaires Sales Channel Segment Analysis

According to Cognitive Market Research, The dominant category in the Lightings and Luminaires Market is the distribution channel. Distribution channels play a crucial role in the lighting industry, serving as the bridge between manufacturers and end-users. These channels include wholesalers, retailers, and online platforms that help in reaching a wider customer base. The distribution channel is dominant due to its ability to provide a wide range of lighting products to customers, offer convenience, and provide after-sales services. Moreover, distributors often have established relationships with manufacturers, allowing them to negotiate better pricing and access to a variety of products.

The fastest-growing category in the Lightings and Luminaires Market is the direct channel. Direct sales channels include sales through company-owned stores, online platforms, and direct sales representatives. The direct channel is experiencing rapid growth due to the increasing popularity of online shopping and the rise of e-commerce platforms. Direct channels offer several advantages, such as lower prices, access to a wider range of products, and convenience. Manufacturers are also leveraging direct channels to establish direct relationships with customers, gather feedback, and offer personalized services.

• Direct Channel
• Distribution Channel

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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