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- Currently, the lamps and lighting market is gradually recovering post-COVID-19. With more people spending time at home, there is a growing demand for lighting upgrades and renovations. Energy-efficient and smart lighting options are gaining popularity.
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Currently, the lamps and lighting market is gradually recovering post-COVID-19. With more people spending time at home, there is a growing demand for lighting upgrades and renovations. Energy-efficient and smart lighting options are gaining popularity.
- The Lamps And Lighting Market is projected to register a CAGR of greater than 4.47% during the forecast period (2024-2029) Read More
- Ashley Furniture, Inter IKEA, Nitori Holdings, Oppein Home Group and Rh are the major companies operating in the Lamps And Lighting Market. Read More
- Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More
- In 2024, the North America accounts for the largest market share in Lamps And Lighting Market. Read More
- The report covers the Lamps And Lighting Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Lamps An...
The global LED lighting market size was worth USD 81.48 billion in 2023 and is expected to grow at a CAGR of 11.0% from 2023 to 2030.
- The global LED lighting market size was valued at USD 70.94 billion in 2022 and is expected to reach USD 81.48 billion in 2023 Read More
- The global LED lighting market is expected to witness a compound annual growth rate of 11.0% from 2023 to 2030 to reach USD 168.87 billion by 2030....
- The commercial segment dominated the LED lighting market with a share of 51.92% in 2022. This is attributable to the rising demand for LED troffers...
- The LED luminaires segment dominated the global LED lighting market in 2022 and accounted for over 54.75% of the global revenue share. Read More
- The indoor segment led the global LED lighting market and accounted for over 67.62% share of the global market in 2022. Read More
The Lamps & Lighting market worldwide is projected to grow by 3.67% (2024-2029) resulting in a market volume of US$100.10bn in 2029.
The lamps and lighting segment is anticipated to sustain growth in the forseeable future, fueled by the increasing demand for energy-efficient and environmentally friendly lighting...
The global lamps market is expected to grow at a compounded growth rate of 4.8% from 2023 to 2030 to reach USD 19.69 billion by 2030.
The LED lamp industry is undergoing a notable transformation, driven by the rising popularity of smart lighting solutions. Technological progress has seamlessly integrated LEDs with smart home systems, enabling users to control lighting via smartphones, voice commands, and automated settings.
Lamp Market Outlook (2024 to 2034) The lamp market is set to record a CAGR of 5.3% from 2024 to 2034, following an estimated size of US$ 14,227.30 million in 2024. By 2034, the global lamp and lighting market is expected to hit US$ 23,858.60 million. The lamp and lighting market is likely to expand as demand for energy-efficient lighting ...
