How Big is the Residential Lighting Market | CAGR 4.8% Forecast

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Code: MTA8637

Publication Date: Sep 2025

What is the size of Residential Lighting Market?

According to 6Wresearch internal database and industry insights, the residential lighting market was estimated at USD 134.2 billion in 2024 and is projected to reach USD 187.4 billion by 2031, growing at a CAGR of 4.8% during the forecast period 2025-2031.

The residential lighting market continues to flourish, as consumers use energy-efficient LED fixtures and smart lighting systems. Growth in urbanization, sustainable living awareness, and connected home automation demand continues to drive modern lighting product adoption.

Growth Factors for Residential Lighting Market

Consumer uptake of LED lighting for energy efficiency
Increase in connected and smart lighting systems
Urbanization and new housing builds
Government promotion of sustainable and low-energy lighting
Consumer preference for lifestyle aesthetics and customizable lighting features.

Residential Lighting Market Trends

The residential lighting market trends have noted significant trends in smart lighting adoption. Consumers are increasingly choosing devices with dimming, colour-changing, and sensing capabilities that allow for ease of use and cost savings on energy. Monitoring the sustainability of smart products is important, and trends in residential lighting markets have also been inclined toward sustainability and innovation in design. Sustainable materials, solar, and décor eventually become standard, and luxury and designer element are seen in lighting fixtures in higher-end homes.

Emerging Developments in the Residential Lighting Market

The residential lighting marketplace is witnessing developments in wireless and remote-controlled lighting technology. Manufacturers are providing systems with features such as AI-enabled controls, motion sensing, and energy analytics that enhance user experience and reduce operating costs. Developments in residential lighting markets also include developing modular lighting systems, tunable white technology to align with circadian rhythm practices, and applications of renewable energy sources, such as solar panels in residential settings, to promote green building practices.