General Lighting Market Poised to Hit $122.77 Billion by 2029 with Accelerating Growth Trends

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General Lighting Market Size Growth Forecast: What to Expect by 2025?
The size of the general lighting market has been progressively expanding in the past few years. The growth is projected to increase from $97.11 billion in 2024 to $101.49 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. This growth during the historic period is due to robust economic expansion in developing markets, a rise in voice assistant devices, a period of low interest rates, an increase in internet usage, substantial investments, and a growth in per capita income.

How Will the General Lighting Market Size Evolve and Grow by 2029?
The market size of general lighting is expected to experience consistent expansion in the coming years, reaching the valuation of $122.77 billion in 2029 with a compound annual growth rate (CAGR) of 4.9%. Factors that contribute to the prophesied growth during the forecast period encompass the constant surge in construction activities, decreasing manufacturing expenses of LEDs, escalating urbanization, increased consumption of electricity, and population expansion. Key trends projected for the forecast period encompass emerging demand for LI-FI (light fidelity), advancements in human-centric and smart lighting, the development of healthy lighting technology, a rise in mergers and acquisitions, the advent of wi-fi enabled LED bulbs, the introduction of new products, and the heightened demand for LED lights due to their energy efficiency.

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What Drivers Are Propelling the Growth of General Lighting Market Forward?
The ongoing surge in construction activities globally has led to an escalated demand for general lighting. This is because lighting fixtures are an essential component in workplaces and residential spaces, and as construction activity expands, the need for these fixtures multiplies. A study conducted by Global Construction Perspectives and Oxford Economics predicts that the global construction market will expand by over 70% by 2025. The flourishing demand for construction will positively influence the expansion of the general lighting market.

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Which Emerging Trends Are Transforming the General Lighting Market in 2025?
An escalating number of corporations are opting for Li-Fi (Light Fidelity) networks in the production of everyday lighting tools. Essentially, Li-Fi is a cordless optical network system that leverages light-emitting diodes (LEDs) for the transfer of data. The Li-Fi lamps come infused with a miniature chip that adjusts the light employed for data transmission, reaching speeds as high as 224 gigabits per second. In 2022, the fastest Li-Fi system globally was announced, created by Kyocera SLD Laser.

What Are the Key Segments in 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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Who Are the Key Players Shaping the General Lighting Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the General Lighting Market?
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

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