How Big Is the Energy-Efficient Lighting Market?
According to 6Wresearch internal database and industry insights, the
Global Energy-Efficient Lighting Market was valued at USD 60 Billion in 2024 and is expected to reach USD 87.06 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
This surge is driven by stringent energy regulations, global efforts toward carbon neutrality, rising smart city projects, and increasing consumer demand for low-cost, long-lasting lighting solutions in residential and commercial spaces.
Growth Factors of the Energy-Efficient Lighting Market
- Government-led retrofitting programs in public infrastructure to replace legacy lighting.
- Expansion of smart homes and IoT-based lighting control systems.
- Rising electricity costs pushing consumers and businesses toward energy-saving alternatives.
- Availability of incentives, rebates, and tax credits supporting LED adoption.
- Improved lifespan and efficiency of LED and OLED technologies.
- Growing retail and hospitality sector requiring attractive yet efficient lighting.
Energy-Efficient Lighting Market Trends
The energy-efficient lighting market is witnessing significant momentum with growing adoption of smart lighting integrated with motion sensors and dimming features, especially in urban infrastructure and commercial projects. Trends such as Li-Fi-enabled fixtures, tunable white lighting for health benefits, and wireless lighting networks are gaining traction. Additionally, a shift from compact fluorescents to advanced LEDs and OLEDs, coupled with rising preference for architectural and human-centric lighting, is shaping the industry landscape.
Emerging Developments in the Energy-Efficient Lighting Market
Recent developments in the market include the introduction of solar-integrated LED lighting systems in off-grid rural areas, AI-powered lighting systems that learn user behavior, and increasing collaborations between energy agencies and lighting manufacturers for smart city rollouts. Eco-friendly luminaire design, 3D-printed fixtures, and energy performance labelling regulations are also influencing innovations.
Major Companies in the Energy-Efficient Lighting Industry
- Signify N.V. (formerly Philips Lighting)
- Cree Lighting
- Zumtobel Group AG
- OSRAM GmbH
- GE Current
- Hubbell Lighting
- Acuity Brands Lighting
How Big Is the Energy-Efficient Lighting Market : FAQ's
The market is driven by the global push for sustainable development and the need for cost-effective lighting in various sectors.
The commercial segment, especially retail chains, hotels, and corporate offices, is witnessing rapid adoption.
Key innovations include AI-integrated smart lighting, Li-Fi communication, OLED panels, and daylight-responsive systems.
The energy-efficient lighting market is expected to reach USD 87.06 Billion by 2031.
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