Global Energy Efficient Lighting Market Size, Share, Growth Analysis Report - Forecast 2034

Energy Efficient Lighting Market Size

The global energy efficient lighting market size was worth around USD 51.87 Billion in 2024 and is predicted to grow to around USD 114.66 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 8.4% between 2025 and 2034.

The report analyzes the global energy efficient lighting market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the energy efficient lighting industry.

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Energy Efficient Lighting Market: Overview

Energy Efficient Lighting are lighting solutions which are focused on conservation of energy and sustainability in order to provide a better low consumption alternative. Increasing demand for energy and rising focus on sustainability are factors that will majorly influence the energy efficient lighting market potential over the forecast period.

Increasing focus on sustainability, rising consumer preference of energy conservation, shift in consumer preferences from conventional lighting methods to energy efficient ones are other factors that will guide the energy efficient lighting market potential through 2028.

High implementation and installation costs of energy efficient lighting are estimated to have a hindering effect on the global energy efficient lighting market potential over the forecast period.

Technological advancements in the lighting systems not only provide energy efficiency but also offer additional benefits such as light ambiance, ventilation, and warmth. In addition, these lighting devices add the aesthetic beauty of the house and eliminate the need for artificial heating and cooling. The government initiatives for energy saving in order to maintain sustainability and eco-friendly environment are also factors that are fueling the growth of the market. The energy cost differs among developing and developed countries, governments of respective countries are formulating rules and regulations in order to ensure adequate power generation. In comparison to traditional lighting devices, the energy-efficient lighting devices such as LED and CFL aid the organizations in the conservation of energy and cost-effectiveness. Thus, the rising need and demand for energy-efficient lighting are boosting the market growth and development. 

Key Insights

• As per the analysis shared by our research analyst, the global energy efficient lighting market is estimated to grow annually at a CAGR of around 8.4% over the forecast period (2025-2034).
• Regarding revenue, the global energy efficient lighting market size was valued at around USD 51.87 Billion in 2024 and is projected to reach USD 114.66 Billion by 2034.
• The energy efficient lighting market is projected to grow at a significant rate due to growing demand for sustainable solutions, increasing energy conservation awareness, government regulations promoting energy efficiency, advancements in LED technology, and the rising adoption of smart lighting systems.
• Based on Product, the Fluorescent Lamps segment is expected to lead the global market.
• On the basis of End use, the Residential segment is growing at a high rate and will continue to dominate the global market.
• Based on region, Asia-Pacific is predicted to dominate the global market during the forecast period.

Energy Efficient Lighting Market: Growth Drivers

Increasing Demand for Energy Conservation

The world is experiencing a major population boom and this trend has substantially impacted multiple markets. This increasing population has also resulted in a huge uproar for energy consumption, which the world is not ready for yet. The depleting non-renewable resources that are used for energy generation have also promoted the use of energy efficient systems, and hence these factors are projected to boost the demand for energy efficient lighting over the forecast period.

Energy Efficient Lighting Market: Restraints

High Costs Associated with Implementation

Energy Efficient Lighting systems and solutions require high initial investment as there are multiple components that need to be installed in order to shift from conventional lighting setups and this has a hampering effect on the energy efficient lighting market growth. Energy efficient lighting companies are focusing on launching new and affordable solutions in order to overcome this barrier and unleash the full growth potential to maximize revenue streams.  

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Energy Efficient Lighting Market: Segmentation Analysis

The global Energy Efficient Lighting market is segregated based on fiber type, Product, end use, and region.

By Product, the market is divided into Fluorescent Lamps, Compact Fluorescent Lamps (CFLs), LED Lamps, High Intensity Discharge (HID) Lamps, and Induction Lamps. The LED lamps segment is expected to hold a dominant market share and this trend is predicted to be the most lucrative segment over the forecast period as well. Increasing benefits of the use of LED and supportive government initiatives are anticipated to boost the growth in this segment.

By End use, the energy efficient lighting market is segmented into Residential, Commercial, Industrial, and Outdoor. The industrial and outdoor segments are expected to be the most lucrative segments in the global energy efficient lighting market and will majorly influence the industry growth through 2028.

Energy Efficient Lighting Market: Report Scope

Recent Developments

• In April 2022 –  Electrical Safety Foundation International (ESFI) announced the launch of a national effort to bolster electrical safety and also promote the use of energy efficient lighting and energy conservation systems in Arlington, Virginia, United States. 

Energy Efficient Lighting Market: Regional Analysis

Europe has bolstered its focus on energy efficiency and lower carbon footprint, and this has led to a major increase in the adoption of novel sustainability technologies. This region is predicted to have the most bright outlook over the forecast period, owing to its increasing regulations supporting sustainable alternatives to attain zero carbon footprint. Energy efficient lighting solutions are predicted to see high demand, owing to increasing subsidies for their deployment by multiple government initiatives. Germany, the United Kingdom, and France are expected to be the most lucrative markets for energy efficient lighting industry growth over the forecast period.

The market for Energy Efficient Lighting in the Asia Pacific is also anticipated to provide beneficial opportunities owing to the rising focus on energy saving and energy management due to the increasing demand for energy from the growing population.

Energy Efficient Lighting Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the energy efficient lighting market on a global and regional basis.

The global energy efficient lighting market is dominated by players like:

• ABB (Switzerland)
• Eaton (Ireland)
• General Electric (US)
• Philips (Netherlands)
• Toshiba Corporation (Japan)
• Advanced Lighting Technologies Australia Inc. (Australia)
• Schneider Electric (France)
• NICHIA CORPORATION (Japan)
• Digital Lumens Inc (US)
• Bridgelux (US)

The global energy efficient lighting market is segmented as follows;

By Product

• Fluorescent Lamps
• Compact Fluorescent Lamps (CFLs)
• LED Lamps
• High Intensity Discharge (HID) Lamps
• Induction Lamps

By End use

• Residential
• Commercial
• Industrial
• Outdoor

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America