PUBLISHER: The Business Research Company | PRODUCT CODE: 1686334
PUBLISHER: The Business Research Company | PRODUCT CODE: 1686334
Energy-efficient lighting pertains to lighting technologies and solutions designed to consume less energy while delivering the same or enhanced level of illumination compared to conventional lighting options. These lighting solutions find extensive use in homes for various applications, encompassing general illumination, task lighting, accent lighting, and outdoor lighting.
The primary categories of energy-efficient lighting include high-intensity discharge lamps (HID), linear fluorescent lamps (LFL), light-emitting diodes (LED), and other alternatives. High-intensity discharge lamps (HID) represent a type of electric gas-discharge lamp that generates light through the passage of an electric current between tungsten electrodes within a gas-filled arc tube. These lamps are applied in diverse settings, including residential, commercial, industrial, outdoor environments, among others. End-users for such lighting solutions span various sectors such as government, healthcare, education, retail, hospitality, and others.
The energy-efficient lighting market research report is one of a series of new reports from The Business Research Company that provides energy-efficient lighting market statistics, including energy-efficient lighting industry global market size, regional shares, competitors with a energy-efficient lighting market share, detailed energy-efficient lighting market segments, market trends and opportunities, and any further data you may need to thrive in the energy-efficient lighting industry. This energy-efficient lighting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The energy-efficient lighting market size has grown strongly in recent years. It will grow from $55.27 billion in 2024 to $60.3 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to government regulations, environmental awareness, cost savings, consumer demand.
The energy-efficient lighting market size is expected to see strong growth in the next few years. It will grow to $80.9 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to smart lighting integration, urbanization and infrastructure development, energy efficiency targets, market expansion in developing countries, incentive programs and rebates. Major trends in the forecast period include internet of things (IoT) integration, human-centric lighting solutions, circadian lighting adoption, Li-Fi technology development, growth in horticultural lighting market.
The government's energy-efficiency initiatives are expected to drive the growth of the energy-efficient lighting market in the coming years. Energy-efficiency initiatives encompass programs, policies, or actions aimed at reducing energy consumption and improving energy efficiency. These government efforts play a crucial role in advancing energy-efficient lighting by establishing standards, supporting research and development, and encouraging cross-sector collaboration. For example, in March 2024, the Department for Energy Security and Net Zero, a UK-based government body, reported that in 2023, approximately 318,600 energy efficiency measures were implemented through government programs, marking a 49% increase compared to 2022. As a result, the government's energy-efficiency initiatives are driving the growth of the energy-efficient lighting market.
Leading companies in the energy-efficient lighting market are concentrating on developing innovative products, including options with various color temperatures, such as cooler color temperatures (3000K and 4000K). Color temperature refers to the hue of light emitted by a source, measured in Kelvin (K), and indicates whether the light appears warm (more yellow/red) or cool (more blue). For example, in November 2022, Signify, a Netherlands-based lighting company, introduced ultra-efficient lighting solutions that are up to 50% more efficient than standard LED products. The new range offers energy savings of up to 60% compared to conventional LEDs. These products adhere to the latest energy efficiency standards and provide lifespans of up to 100,000 hours. Designed for various commercial environments, they offer significant cost savings and a reduced carbon footprint. Additionally, they are available in a range of wattages and color temperatures to meet diverse customer preferences.
In May 2022, Signify N.V., a Netherlands-based lighting company, completed the acquisition of Fluence for $272 million. This strategic move aligns with Signify's objective to expand into attractive growth segments, particularly horticultural lighting, and to provide innovative solutions for improving food availability and sustainability in agriculture. Fluence, a US-based horticulture lighting company, specializes in offering energy-efficient LED lighting solutions for horticulture, contributing to the broader goals of sustainability and resource efficiency in the energy-efficient lighting market.
Major companies operating in the energy-efficient lighting market are General Electric Company, Schneider Electric SE, ABB Group, Toshiba corporation, Philips Lighting, Eaton Corporation, Signify N.V., OSRAM GmbH, Hubbell Lighting Inc., Acuity Brands, Zumtobel Group AG, Seoul Semiconductor Co. Ltd., Cree Inc., Bajaj Electricals Ltd., Leviton Manufacturing Co. Inc., Dialight, Lumileds Holding B.V., Cooper Lighting, The Lighting Quotient, Bridgelux Inc., Soraa Inc., Advanced Lighting Technologies Australia Inc., Nichia Corporation, Savant Systems Inc.
Europe was the largest region in the energy-efficient lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the energy-efficient lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the energy-efficient lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The energy-efficient lighting market consists of sales of LED bulbs and fixtures, smart lighting systems, daylight harvesting controls, and energy-efficient outdoor lighting solutions. 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.
Energy-Efficient Lighting Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on energy-efficient lighting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for energy-efficient lighting ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The energy-efficient lighting market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.