How Big is the Lighting Fixture Market | Growth & Revenue 2025

Code: MTA7672 Publication Date: Aug 2025

What is the size of Lighting Fixture Market?

According to 6Wresearch internal database and industry insights, Global Lighting Fixture Market was estimated at USD 42 billion in 2024 and is predicted to reach USD 62.35 billion by 2031, expanding at a CAGR of 5.60% during the forecast period 2025-2031.

Due to several growth factors which include the rising construction activities, growing demand for energy-efficient lighting solutions, and increasing preference for decorative and functional lighting, the Lighting Fixture Market is expected to gain momentum in the coming years.

Key Growth Drivers of the Lighting Fixture Market

  • Expanding urbanization and infrastructural development driving demand for modern lighting fixtures
  • Increasing adoption of LED technology which has energy efficiency and longer lifespan
  • Rising consumer preference for smart and customizable lighting fixtures
  • Expanding hospitality and retail sectors with majorly focus on ambiance creation
  • Support of government through initiatives promoting energy-saving lighting

Lighting Fixture Market Trends

Lighting Fixture Market is growing at moderate rate with emerging trends include rising shift towards LED-based fixtures that offer better energy efficiency and design flexibility. Also, smart lighting fixtures with IoT integration and remote-control features are gaining popularity. Further, the minimalistic and contemporary designs are trending in both residential and commercial applications. This market is driven by rising demand for sustainable and recyclable materials in fixture manufacturing.

Emerging Developments in the Lighting Fixture Market

Lighting Fixture Market is experiencing some major developments include integration of wireless control systems with lighting fixtures for enhanced automation. As time grows, use of biodegradable and eco-friendly materials is becoming prominent. Other option like modular lighting fixtures allowing easy customization and maintenance is gaining traction. Advancements in tuneable white and colour-changing fixtures are enhancing user experience.

List of Leading Companies in the Lighting Fixture Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Signify N.V.

Company NameSignify N.V.
Established Year1891
HeadquartersEindhoven, Netherlands
Official WebsiteClick Here

This is a global leader who provides a wide range of innovative and energy-efficient lighting fixtures for residential and commercial use.

2. Acuity Brands, Inc.

Company NameAcuity Brands, Inc.
Established Year2001
HeadquartersAtlanta, Georgia, United States
Official WebsiteClick Here

This company is known for energy saving and design versatility and provides diverse lighting fixture solutions including LED and smart fixtures tailored to various industries.

3. Hubbell Incorporated

Company NameHubbell Incorporated
Established Year1888
HeadquartersShelton, Connecticut, United States
Official WebsiteClick Here

This company is one who emphasizes quality and performance and offers robust and durable lighting fixtures for commercial, industrial, and residential applications.

4. OSRAM Licht AG

Company NameOSRAM Licht AG
Established Year1919
HeadquartersMunich, Germany
Official WebsiteClick Here

This company delivers advanced lighting fixtures incorporating LED technology and innovative design for multiple sectors.

5. Zumtobel Group AG

Company NameZumtobel Group AG
Established Year1950
HeadquartersDornbirn, Austria
Official WebsiteClick Here

This company specializes in architectural lighting fixtures with a focus on energy efficiency and human-centric design.

6. Cree, Inc.

Company NameCree, Inc.
Established Year1987
HeadquartersDurham, North Carolina, United States
Official WebsiteClick Here

This company focuses on high-performance LED lighting fixtures for commercial and outdoor applications and specially prioritizes energy efficiency and reliability.

7. Philips Lighting

Company NamePhilips Lighting
Established Year1891
HeadquartersEindhoven, Netherlands
Official WebsiteClick Here

This company offers comprehensive lighting fixture portfolios integrated with smart technologies and IoT connectivity.

8. Eaton Corporation plc

Company NameEaton Corporation plc
Established Year1911
HeadquartersDublin, Ireland
Official WebsiteClick Here

This company is known for integrated and efficient products and provides lighting fixtures as part of energy management and building automation solutions.

How Big is the Lighting Fixture Market : FAQs

The Lighting Fixture market was estimated at USD 42 billion in 2024 and is projected to reach USD 62.35 billion by 2031.
Growth is driven by urbanization, LED adoption, smart fixture demand, and sustainable design trends.
Residential, commercial, hospitality, industrial, and public infrastructure sectors are driving adoption.
Key companies include Signify, Acuity Brands, Hubbell, OSRAM, Zumtobel Group, Cree, Philips Lighting, and Eaton.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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