Electric Lighting Equipment Market Report 2026

The electric lighting equipment market size has grown steadily in recent years. It will grow from $131.63 billion in 2025 to $137.69 billion in 2026 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to rising urbanization, growth in residential and commercial construction, adoption of energy-efficient lighting, technological advancements in lighting components, government regulations on lighting safety.

The electric lighting equipment market size is expected to see strong growth in the next few years. It will grow to $169.17 billion in 2030 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increasing smart city projects, adoption of IoT-enabled lighting, expansion of electric vehicles and automotive lighting, demand for sustainable and eco-friendly lighting, innovations in connected and adaptive lighting solutions. Major trends in the forecast period include smart lighting systems, energy-efficient lighting solutions, wireless and connected lighting controls, human-centric lighting, advanced materials for lighting components.

The electric lighting equipment market is expected to experience significant growth in the future, primarily driven by the increasing adoption of LED lighting technology. LED lighting utilizes light-emitting diodes (LEDs) as the primary source of illumination, offering a wide range of advantages within the electric lighting equipment sector. These advantages include energy efficiency, long-lasting durability, eco-friendliness, and the flexibility of design. For example, as of December 2022, E-Green Electrical, an energy efficiency company based in Australia, reported that approximately 50% of all light sources globally already use LED lamps. Researchers project that by 2030, LEDs will comprise about 87% of all light sources. Consequently, the growing adoption of LED lighting technology is a major driving force behind the anticipated expansion of the electric lighting equipment market.

Leading lighting companies are incorporating IoT technology into lighting fixtures to allow remote user control and manage lighting in offices, workspaces, and urban infrastructure. IoT technology is extensively applied in homes and workplaces to integrate and control both internal and external lighting systems. Beacons, small Bluetooth radio transmitters that send signals to other devices, are employed to enable wireless lighting control and communicate the location of fixtures. For example, in December 2024, the UK Department for Digital, Culture, Media and Sport (DCMS), a UK-based government agency, reported that the number of connected IoT devices had exceeded 720 million, growing at a compound annual rate of approximately 13% from 2022 to 2024, driven by smart city, industrial IoT, and enterprise applications. Hence, the integration of IoT technology is transforming modern lighting solutions.

Prominent companies in the electric lighting equipment market are emphasizing the development of innovative products like smart light panels to offer reliable services to their customers. Smart light panels represent a type of lighting technology that seamlessly integrates traditional lighting fixtures with smart features. For instance, in August 2023, GE Lighting, a U.S.-based company specializing in the design, manufacturing, and distribution of electric lighting equipment, introduced their new Cync smart hexagon light panels. These hexagonal panels are controllable through the Savant-powered Cync mobile app and can connect to Wi-Fi as a standalone smart light fixture, eliminating the need for a separate hub. The app provides access to pre-made light shows, allows users to create their own, and enables synchronization with music. Its user-friendly and intuitive interface enhances the overall user experience.

Major companies operating in the electric lighting equipment market are Stanley Electric Co Ltd., Panasonic Corporation, Robert Bosch GmbH, Eaton Corporation plc, Acuity Brands Inc., OSRAM GmbH, Alstom SA, Toshiba Corporation, Hubbell Incorporated, LG Electronics, Liron Lighting LLC, Nichia Corporation, EiKO Global LLC, RAB Lighting Inc., MaxLite Inc., NaturaLED, Westgate MFG Inc., Hydrofarm Holdings Group Inc., Signify NV, Cree Inc., Technical Consumer Products Inc., Satco Products Inc., Feit Electric Company Inc., Prescolite Inc., Light Efficient Design Co. Ltd., Litetronics International Inc., Ledvance GmbH, Fulham Co. Inc., Keystone Technologies LLC, Venture Lighting International Inc., Halco Lighting Technologies LLC, American Lighting Inc., Nora Lighting Inc., Litecontrol Corporation, Sea Gull Lighting Products LLC, Kichler Lighting LLC.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on electrical lighting equipment have affected the market by increasing import costs and disrupting supply chains, particularly for components sourced from major manufacturing regions in Asia. General lighting and automotive lighting segments are most impacted, with LED and smart lighting products facing higher costs. While tariffs have created price pressures, they have also encouraged domestic manufacturing and localization of supply chains, leading to opportunities for regional production and innovation.

The electrical lighting equipment market research report is one of a series of new reports that provides electrical lighting equipment market statistics, including electrical lighting equipment industry global market size, regional shares, competitors with an electrical lighting equipment market share, detailed electrical lighting equipment market segments, market trends and opportunities, and any further data you may need to thrive in the electrical lighting equipment industry. This electrical lighting equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Electrical lighting equipment is responsible for generating light for a variety of electrical products, serving various household and other purposes.

The primary categories of electrical lighting equipment encompass general lighting, automotive lighting, and backlighting. Automotive lighting comprises lighting and signaling components affixed to the front, rear, sides, and occasionally the top of a vehicle, serving to illuminate the road for the driver. This lighting system also enhances visibility, particularly in conditions with low lighting. It plays a crucial role in notifying other drivers and pedestrians about a vehicle's presence and direction. These equipment operate through both online and offline modes and are available through various sales channels, including OEM and aftermarket, catering to residential, commercial, automotive, and other applications.Asia-Pacific was the largest region in the electric lighting equipment market in 2025. North America was the second largest region in the electric lighting equipment market. The regions covered in the electric lighting equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric lighting equipment market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The electrical lighting equipment market consists of sales of electric lighting fixtures, lamp shades, general indoor lighting equipment, lighting fixtures, and other electrical lighting equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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