Global Lighting Fixtures and Luminaires Market Growth: Industry Size, Analysis and Forecast

Report ID : 1334998 | Published : August 2025 | Study Period : 2023-2033 | Format : PDF + Excel

The market size of the Lighting Fixtures And Luminaires Market is categorized based on Product Type (LED Fixtures, Fluorescent Fixtures, Incandescent Fixtures, Halogen Fixtures, Smart Lighting Fixtures) and Application (Residential, Commercial, Industrial, Outdoor, Architectural) and Distribution Channel (Online Sales, Retail Stores, Direct Sales, Distributors, Wholesale) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The market size of Lighting Fixtures And Luminaires Market, valued at $120 billion in 2023, is projected to reach $180 billion by 2033, expanding at a CAGR of 4.5% between 2024 and 2033. The report comprises various segments and analyzes significant trends and factors influencing market growth.

According to industry forecasts and the research study by Zion Market Research, the global Lighting Fixture and Luminaire market is expected to earn revenues around US$ 1000 billion, growing at a CAGR of around 6.5% by the year 2030. The advances in smart cities concepts, where urban areas are furnished with innovation to enhance the quality of life. These reasons have enhanced the need for smart lighting fixtures of different types. The market can be segmented into major applications such as residential, commercial and industrial. The market offers advanced smart lighting solutions to target all the above areas and offer cost to value equations that cater the smart lighting needs for the general populace or the advanced uses in industrial applications.

Contrary to this lighting fixtures and luminaires adoption faced a challenge, steadily widening up supply gaps based on the accuracy and robustness of predictive models developed. These challenges have initiated a change in focus onto lighting fixtures, active vis-a-vis passive. As more manufacturers enter the market, research suggests average sales per fixture will also diminish and this corresponds to higher adoption of Luminaires. Other practical aspects include an aging baby boomer demographic, flagship brand endorsements and general improvements in design improvements. The expected market growth potential will increase focus on luminaires market which will expand opportunities across all regions.

 

ATTRIBUTES	DETAILS
STUDY PERIOD	2023-2033
BASE YEAR	2023
FORECAST PERIOD	2024-2033
HISTORICAL PERIOD	2023-2024
UNIT	VALUE (USD BILLION)
KEY COMPANIES PROFILED	Philips Lighting, Osram Licht AG, General Electric (GE), Signify N.V., Acuity Brands Inc., Cree Inc., Zumtobel Group AG, Schneider Electric, Eaton Corporation, Legrand SA, Havells India Limited
SEGMENTS COVERED	By Product Type - LED Fixtures, Fluorescent Fixtures, Incandescent Fixtures, Halogen Fixtures, Smart Lighting Fixtures By Application - Residential, Commercial, Industrial, Outdoor, Architectural By Distribution Channel - Online Sales, Retail Stores, Direct Sales, Distributors, Wholesale By Geography - North America, Europe, APAC, Middle East Asia & Rest of World.

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Lighting Fixtures And Luminaires Market Dynamics

The Lighting Fixtures And Luminaires Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.

Market Drivers

1. Technological Advancements
2. Increasing Consumer Demand
3. Regulatory Support
4. Globalization

Market Restraints

1. High Operational Costs
2. Regulatory Challenges
3. Market Saturation

Market Opportunities

1. Emerging Markets
2. Product Innovation
3. Strategic Partnerships

Market Challenges

1. Technological Disruptions
2. Supply Chain Issues
3. Changing Consumer Preferences

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Key Players in the Lighting Fixtures And Luminaires Market

This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.

• Philips Lighting
• Osram Licht AG
• General Electric (GE)
• Signify N.V.
• Acuity Brands Inc.
• Cree Inc.
• Zumtobel Group AG
• Schneider Electric
• Eaton Corporation
• Legrand SA
• Havells India Limited

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