Global Energy-Efficient Lighting Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities

The Energy-Efficient 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 Energy-Efficient Lighting Market Size Expected to Be by 2034?
There has been a substantial increase in the size of the energy-efficient lighting market in the past few years. The market which was valued at $55.27 billion in 2024 is predicted to escalate to $60.3 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. The unprecedented growth during the historic period can be ascribed to factors like government policies, environmental consciousness, cost-effectiveness, and customer demand.

The market size for energy-efficient lighting is predicted to achieve solid growth in the coming years, swelling to $80.9 billion in 2029 with a compound annual growth rate (CAGR) of 7.6%. The anticipated growth during the forecast span could be due to factors like urbanization, infrastructure enhancement, goals for energy efficiency, market growth in emerging countries, incentive schemes, and rebates. The prime trends expected during this forecast period are the integration of internet of things (IoT), the race for human-centric lighting solutions, the uptake of circadian lighting, the advancement of Li-Fi technology, and the expanding market for horticultural lighting.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14362

What Are the Emerging Segments Within the Energy-Efficient Lighting Market?
The energy-efficient lighting market covered in this report is segmented -

1) By Type: High-Intensity Discharge Lamps (HID), Linear Fluorescent Lamps (LFL), Light Emitting Diodes (LED), Other Types
2) By Application: Residential, Commercial, Industrial, Outdoor, Other Applications
3) By End-User: Government, Healthcare, Education, Retail, Hospitality, Other End-Users

Subsegments:
1) By High-Intensity Discharge Lamps (HID): Metal Halide Lamps, High Pressure Sodium (HPS) Lamps, Low Pressure Sodium (LPS) Lamps
2) By Linear Fluorescent Lamps (LFL): T5 Fluorescent Lamps, T8 Fluorescent Lamps, T12 Fluorescent Lamps
3) By Light Emitting Diodes (LED): LED Bulbs, LED Tubes, LED Fixtures
4) By Other Types: Compact Fluorescent Lamps (CFL), Organic Light Emitting Diodes (OLED), Induction Lamps

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14362&type=smp

What Long-Term Drivers Are Shaping Energy-Efficient Lighting Market Trends?
The growth of the energy-efficient lighting market is projected to be spurred by the energy-efficiency initiatives of the government. These initiatives are a set of measures, policies, or strategies designed to lessen energy consumption and enhance energy efficiency. They aid in the progress of energy-efficient lighting by setting standards, fostering research and development, and encouraging collaboration across various sectors. For example, as per the Department for Energy Security and Net Zero, a governmental department based in the UK, about 318,600 energy efficiency measures were implemented via government programs throughout 2023, a rise of 49% compared to 2022. Hence, the acceleration of the energy-efficient lighting market is largely driven by the government's energy-efficiency initiatives.

Who Are the Top Competitors in Key Energy-Efficient Lighting Market Segments?
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.

What Energy-Efficient Lighting Market Trends Are Gaining Traction Across Different Segments?
Leading firms in the energy-saving illumination market are concentrating on creating unique products, for example, options for color temperature that are obtainable in chillier colors temperatures (3000K and 4000K). Color temperature is a term that details the look of light given off by a source, which is quantified in degrees Kelvin (K). It signifies whether the light is warm (more toward yellow/red) or cool (more on the blue spectrum). Take for example, in November 2022, Signify, a firm specialized in lighting based out of Netherlands, rolled out lighting solutions that are ultra-efficient, claiming to be as much as 50% more efficient than customary LED products. A fresh batch of ultra-efficient lighting solutions claims to offer notable energy reductions of up to 60% when compared to traditional LEDs. These goods are compliant with the most recent energy efficiency rules, offering impressive durability of upto 100,000 hours. These solutions are extremely suitable for an array of commercial applications, delivering noteworthy cost savings as well as a smaller carbon impact. Moreover, they are offered in a variety of wattages and color temperatures to accommodate to various customer inclinations.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/energy-efficient-lighting-global-market-report

Which Regions Are Becoming Hubs for Energy-Efficient Lighting Market Innovation?
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.

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

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.