Emerging Trends Influencing The Growth Of The General Lighting Market: Li-Fi Integration Empowers General Lighting

The General Lighting Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the General Lighting Market Size Expected to Be by 2034?
The size of the general lighting market has seen significant expansion lately. It is projected to surge from $99.17 billion in 2024 to $105.28 billion in 2025, marking a compound annual growth rate (CAGR) of 6.2%. This growth over the historical period can be traced back to robust economic expansion in developing markets, a surge in voice assistant devices, a period of low-interest rates, rising internet connectivity, substantial investments, and a growth in per capita income.

The size of the general lighting market is set to experience significant expansion in the upcoming years, with projected growth to reach $128.86 billion by 2029 at a compound annual growth rate (CAGR) of 5.2%. This upward trend during the forecast period is likely due to a steady rise in construction activity, decreasing production costs of LEDs, increasing urbanization, more use of electricity, and the growth of the population. Key trends during this period will likely include growing interest in LI-FI (light fidelity), advancements in human-centric and smart lighting, the proliferation of healthy lighting technology, an increase in mergers and acquisitions, the introduction of wi-fi enabled LED bulbs, new product debuts, and a surge in demand for LED lights due to their energy efficiency.

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What Are the Emerging Segments Within the General Lighting Market?
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

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What Long-Term Drivers Are Shaping General Lighting Market Trends?
The consistent surge in construction activities worldwide is boosting the need for general lighting. There is a rising demand for lighting equipment in offices and residential apartments, which is directly proportional to the escalating construction sector. As per a study by Global Construction Perspectives and Oxford Economics, the worldwide construction market is predicted to witness a growth of more than 70% by 2025. This surge in construction activities will positively influence the development of the general lighting market.

Who Are the Top Competitors in Key General Lighting Market Segments?
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

What General Lighting Market Trends Are Gaining Traction Across Different Segments?
An increasing number of firms are turning to Li-fi (Light Fidelity) technology to create general lighting equipment. Li-fi represents a wireless optical networking technique that utilizes light-emitting diodes (LEDs) to transmit data. The bulbs used in Li-fi are furnished with a small chip that adjusts the light for data transmission, allowing speeds of up to 224 gigabits per second. Kyocera SLD Laser disclosed the creation of the quickest Li-Fi system globally in 2022.

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Which Regions Are Becoming Hubs for General Lighting Market Innovation?
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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the General Lighting Market?
2. What is the CAGR expected in the General Lighting Market?
3. What Are the Key Innovations Transforming the General Lighting Industry?
4. Which Region Is Leading the General Lighting Market?

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