Lighting Market to Record a CAGR of 3.36% from 2021 to 2025|Technavio

NEW YORK, Oct. 25, 2021 /PRNewswire/ — The lighting market size is expected to increase by USD 16.32 bn from…

NEW YORK, Oct. 25, 2021 /PRNewswire/ — The lighting market size is expected to increase by USD 16.32 bn from 2021 to 2025, registering a CAGR of 3.36%. Technavio analyzes the market by type (LED technology and traditional technology), geography (APAC, Europe, North America, South America, and MEA), and application (general lighting, automotive lighting, and backlighting). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

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The lighting market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. Strong government support and incentive programs are expected to have a positive impact on the growth of the lighting market during the forecast period.

The lighting market covers the following areas:

Lighting Market Sizing

Lighting Market Forecast

Lighting Market Analysis

Companies Mentioned

  • Acuity Brands Inc.
  • HELLA GmbH and Co. KGaA
  • Hubbell Inc.
  • Marelli Holdings Co. Ltd.
  • Nichia Corp.
  • OSRAM GmbH
  • Signify NV
  • Stanley Electric Co. Ltd.
  • Zumtobel Group AG

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Related Reports:

  • LED Industrial Lighting Market: The LED industrial lighting market has been segmented by product (lamps and luminaires), type (lamp and luminaire), and geography (APAC, Europe, North America, South America, and MEA). Download Free Sample Report
  • Industrial Lighting Market: The industrial lighting market has been segmented by type (LED technology and traditional technology) and geography (APAC, Europe, North America, South America, and MEA). Download Free Sample Report

Lighting Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 3.36%

Market growth 2021-2025

USD 16.32 billion

Market structure


YoY growth (%)


Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 45%

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Acuity Brands Inc., HELLA GmbH and Co. KGaA, Hubbell Inc., IDEAL INDUSTRIES INC., Marelli Holdings Co. Ltd., Nichia Corp., OSRAM GmbH, Signify NV, Stanley Electric Co. Ltd., and Zumtobel Group AG

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

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About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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