Tuesday, 02 January 2024 12:17 GMT

High End Lighting Market Top Players, Segments & Regional Trends By 2034


(MENAFN- Straits Research) Introduction

Straits Research published a report, “Global High End Lighting Market Size & Outlook, 2026–2034”. According to the study, the global market size is valued at USD 22.24 billion in 2025 and is projected to expand to USD 41.01 billion by 2034, registering a compound annual growth rate (CAGR) of 7.1%.

Market Dynamics

High End Lighting Market is being driven by the growing adoption of smart and energy-efficient lighting systems in commercial, residential, and industrial segments. Increased investment in luxury residential real estate, high-end retail venues, and hospitality properties is fueling the demand for aesthetically superior, high-performance lighting solutions.

Governments across the world, encouraging energy-efficient buildings, green building certifications, and sustainable urban development in the U.S., Germany, China, and India, are the major growth drivers. Strategic adoption of IoT-enabled lighting, adaptive controls, and networked building systems is emerging as an opportunity for solution providers and manufacturers in the market.

Market Highlights

  • Segmental Leadership: LED lighting holds the largest share, namely 62.47%, while Modern interior design records the fastest CAGR of 8.15% during the forecast period.
  • Application Outlook: Wireless lighting systems are expected to witness the highest CAGR (~8.9%) during the forecast period.
  • End-Use Leadership: Commercial segment leads with a significant market share, projected to grow at a CAGR of 7.6%.
  • Regional Insights: North America dominates with over 33.68% share, driven by strong adoption of smart and energy-efficient lighting solutions across commercial and residential sectors.

Competitive Players

  • Signify Holding
  • Acuity Brands, Inc.
  • Cree Lighting
  • OSRAM GmbH
  • Samsung Electronics
  • Seoul Semiconductor Co., Ltd.
  • Zumtobel Group AG
  • Hubbell Lighting, Inc.
  • GE Current
  • Eaton Lighting
  • Lutron Electronics Co., Inc.
  • Panasonic Corporation
  • LG Innotek Co., Ltd.
  • Samsung Electronics Co., Ltd.
  • Sharp Corporation
  • Everlight Electronics Co., Ltd.
  • Opple Lighting Co., Ltd.
  • Havells India Ltd.
  • Delta Light N.V.
  • Lumileds Holding B.V.
  • Others

    Recent Developments

    Segmentation

  • By Light Source Type (2022-2034)
  • LED
  • HID
  • Fluorescent Light
  • Others
  • By Interior Design (2022-2034)
  • Modern
  • Traditional
  • Transitional
  • By Application (2022-2034)
  • Wired
  • Wireless
  • By End Use (2022-2034)
  • Commercial
  • Industrial
  • Residential
  • Others

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  • Straits Research

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