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Lighting Market set to grow by USD 62.8 Billion from 2025-2029, driven by new developments and product launches, with AI shaping market trends – Technavio

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NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global lighting market size is estimated to grow by USD 62.8 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  7.4%  during the forecast period. Growing number of developments and lighting product launches is driving market growth, with a trend towards advances in automotive lighting systems. However, sustainability issue in lighting industry  poses a challenge. Key market players include Acuity Brands Inc., ams OSRAM AG, Bridgelux Inc., Dialight Plc, Digital Lumens Inc., Eaton Corp plc, Ennostar Inc., General Electric Co., GrowRay Lighting Technologies, Havells India Ltd., Hubbell Inc., IDEAL INDUSTRIES Inc., Koninklijke Philips NV, LSI Industries Inc., Lumileds Holding BV, Panasonic Holdings Corp., Sharp Corp., SMART Holdings Inc., Syska Led Lights Pvt. Ltd., and Toyoda Gosei Co. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Lighting Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 7.4%

Market growth 2025-2029

USD 62.8 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.4

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key countries

US, China, Germany, UK, Japan, India, France, South Korea, Canada, and Italy

Key companies profiled

Acuity Brands Inc., ams OSRAM AG, Bridgelux Inc., Dialight Plc, Digital Lumens Inc., Eaton Corp plc, Ennostar Inc., General Electric Co., GrowRay Lighting Technologies, Havells India Ltd., Hubbell Inc., IDEAL INDUSTRIES Inc., Koninklijke Philips NV, LSI Industries Inc., Lumileds Holding BV, Panasonic Holdings Corp., Sharp Corp., SMART Global Holdings Inc., Syska Led Lights Pvt. Ltd., and Toyoda Gosei Co. Ltd.

Market Driver

The lighting market is thriving with trends in interior designing, photography, and scientific advancements. LED lights are leading the charge, replacing traditional incandescent, CFL, LFL, HID, and halogen bulbs due to their energy efficiency and longer life expectancy. LEDs are not just for houses but also for automotive headlamps, aviation, advertising, and traffic signals. Developing and under-developing nations are adopting solar and off-grid solutions for energy consumption reduction. Effective manufacturers like Signify are introducing energy-efficient luminaires, light control systems, and smart LED bulbs. Urban cities and commercial buildings are implementing smart lighting solutions to reduce electricity costs and promote environmental sustainability. The Biden Harris Administration supports smart cities initiatives to minimize capital costs and logistics inefficiency. LEDs are also used in horticulture, medical devices, and camera flashes. The future of lighting is smart, energy-efficient, and cost-effective. 

Adaptive lighting systems are gaining popularity in both commercial and automotive industries due to their enhanced safety and comfort features. These systems, specifically designed for night driving and low-light conditions, improve visibility around curves and hills by adjusting the beam direction based on steering input. In contrast, standard headlights continue to illuminate the road straight ahead, leaving the side of the road unlit. Additionally, when climbing a hill, adaptive headlamps prevent the beams from pointing upward, ensuring optimal visibility on the road ahead. This technology enhances driving safety and provides a more comfortable driving experience. 

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Market Challenges

The lighting market encompasses various sectors including interior designing, photography, and scientific research. Lighting solutions range from LEDs for houses and commercial buildings to automotive and outdoor applications. Scientists continue to innovate with LEDs for plants and energy-efficient solutions. Developing and under-developing nations face challenges with electricity access and affordability. Effective manufacturers produce luminaires and light control systems, addressing energy consumption and operating costs. Solar and LED technologies offer cost-effective, energy-efficient alternatives, especially in the off-grid solar sector. LEDs replace traditional incandescent, CFL, LFL, HID, and halogen bulbs in general and automotive lighting. Energy costs remain a concern, driving the adoption of smart LED bulbs and outdoor lighting. Real estate, semiconductor, and aviation industries utilize advanced lighting technologies. Energy efficiency and environmental sustainability initiatives, such as the Biden Harris Administration’s focus on smart cities, further fuel market growth. Effective lighting solutions improve urban cities, highways, commercial malls, airports, and various industries like horticulture, medical devices, and advertising. Smart lighting solutions integrate with building automation systems, HVAC, and security for energy savings and improved functionality.The lighting market faces a significant challenge in ensuring sustainability as the demand for environmentally friendly and energy-efficient solutions, such as CFLs and LED lighting, increases. However, the availability of rare earth elements, like those used in Phosphor-based LEDs, is limited, leading to potential price hikes and supply chain disruptions. Addressing this issue is crucial for the continued growth of the lighting industry. Sustainable lighting solutions not only reduce the environmental impact but also offer cost savings in the long run. Companies must work towards finding alternative sources or recycling methods for rare earth elements to mitigate these risks.

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Segment Overview 

This lighting market report extensively covers market segmentation by  

ApplicationType 2.1 LED technology2.2 Traditional technologyGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South AmericaProductDistribution Channel

1.1 General lighting –  The general lighting market encompasses various products such as lamps, electronics, consumer luminaires, systems, and professional luminaires and systems. This segment is the largest in the lighting industry, primarily used in residential, commercial, and outdoor applications. Notable companies like Signify NV, OSRAM, and IDEAL INDUSTRIES Inc. Dominate this sector. LED technology, introduced in the 1970s, has significantly impacted the market with its advantages like low maintenance, long lifespan, energy efficiency, and eco-friendliness. The decreasing LED prices further boost its popularity. Developed countries are adopting connected lighting technology, enabling control of fixtures via smartphones, which may lead to new opportunities for growth in the general lighting market.

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Research Analysis

The lighting market encompasses various applications of light in interior designing, photography, and scientific research. LED lights, with their energy efficiency and long lifespan, have revolutionized the industry. Plants thrive under LEDs, making them popular in horticulture. Lighting plays a crucial role in electricity consumption and energy costs, making energy-efficient solutions essential. Scientists continue to explore metals and white light for advanced applications. LEDs dominate automotive headlamps and aviation, while CFL bulbs are phased out. Advertising, traffic signals, medical devices, camera flashes, and lighted wallpapers also utilize specialized lighting. The Biden Harris Administration pushes for energy-efficient lighting through policies. The Color Rendering Index measures light’s ability to reveal colors accurately. CEA systems, LED lighting, building automation, HVAC, security, and smart lighting solutions further expand the market’s scope.

Market Research Overview

The lighting market encompasses various applications, from interior designing and photography to scientific research and automotive industries. LEDs have revolutionized the sector with their energy efficiency and long life span, replacing traditional incandescent, CFL, LFL, HID, and halogen bulbs. Plants and developing nations benefit from solar lighting in houses and off-grid solar sectors. Light control systems and environmental actions reduce electricity consumption. AI and smart lighting solutions optimize energy usage in urban cities, commercial buildings, malls, stores, restaurants, hospitals, schools, parking lots, and real estate. Semiconductors and effective manufacturers offer cost-effective LED fixtures and luminaires, addressing energy problems and environmental degradation. The Biden Harris Administration supports energy efficiency and environmental sustainability initiatives, including smart outdoor lighting, traffic signals, and lighting for bridges and buildings. The market includes various players from the automotive, retail, aviation, advertising, medical devices, and traffic signal industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationTypeLED TechnologyTraditional TechnologyGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth AmericaProductDistribution Channel

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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CorroHealth India Again Achieves Great Place To Work Certification

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Second Time in Two Years Company Earns Place as One of India’s Top Healthcare Companies

PLANO, Texas, Feb. 24, 2025 /PRNewswire/ — For the second time in two years, global healthcare technology company CorroHealth has been named a Great Place To Work® Certified™ in India.

“This is another significant milestone in the history of CorroHealth. Being named a Great Place To Work Certified even once is an honor. Earning the accolade twice is extraordinary, and a testament to our passionate and dedicated staff. They diligently fulfill our mission to strengthen the healthcare industry by providing our clients with technology-led solutions that improve hospitals’ financial health,” said CorroHealth CEO Pat Leonard.

CorroHealth Chief People Officer Becky Blake said, “Congratulations to the entire team at CorroHealth India. Ultimately, it’s the people that make CorroHealth a Great Place To Work, and I am extremely proud of the culture we’ve built. We have worked hard to create an environment where everyone feels welcome, while also delivering smarter outcomes for our customers every day. Achieving this honor two times in two year is something the entire team can be very proud of.”

Explore CorroHealth career opportunities at corrohealth.com/careers.

About Great Place To Work
Great Place To Work® is the global authority on workplace culture. Our mission is to help every place become a great place to work for all. We give leaders and organizations the recognition and tools to create a consistently and overwhelmingly positive employee experience, fostering cultures that are proven to drive business, improve lives, and better society. Our recognition is the most coveted and respected worldwide for elevating employer brands to attract the right people. Our proprietary methodology and platform enable organizations to truly capture, analyze, and understand the experience of all employees. Our groundbreaking research empowers organizations to build cultures that retain talent and unlock the potential of every employee. Our coaches, content, and community connect the boldest leaders, ideas, and innovations in employee experience. Since 1992, our Certification™, Best Workplaces™ Lists, and global benchmarks have become the industry standard, built on data from more than 100 million employees in 150 countries around the world.

About CorroHealth
CorroHealth is a leading provider of clinically led healthcare analytics and technology-driven solutions, dedicated to positively impacting the financial performance for physicians, hospitals, and health plans. With over 17,000 employees worldwide, CorroHealth offers integrated solutions, proven expertise, intelligent technology, and scalability to address needs across the entire revenue cycle. Our global presence extends over 10 locations, including the United States, India, and the United Kingdom. Further information is available at www.corrohealth.com.

Media Contact:
Mellissa Gardner, Senior Vice President of Marketing
mellissa.gardner@corrohealth.com

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Delta Launches its New Collaborative Robots for the Indian Smart Manufacturing Market at ELECRAMA 2025

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The showcase also includes a new 240kW DC fast EV charger designed to foster e-mobility for India’s sustainable cities

TAIPEI, Feb. 23, 2025 /PRNewswire/ — Delta, a global leader in power management and a provider of IoT-based smart green solutions, announced today its participation in ELECRAMA 2025 under the theme of Smart Manufacturing by launching its new D-Bot series Collaborative Robots (Cobots) in the Indian market. These 6-axis cobots boast payload capacities up to 30 kg, and speeds as fast as 200 degrees per second, thus, designed to empower industries with smarter, more efficient production processes, such as electronics assembly, packaging, materials handling, and even welding. At the event, Delta will also unveil its new 240kW DC Fast EV Charger and the Industrial Power-protect Transformer-based UPS – further strengthening its commitment to energy conservation and the development of sustainable cities across India.

Jimmy Yiin, Delta’s Executive Vice President of Global Business Operations, said, “India is a key market for Delta, and we are committed to driving its industrial and energy transformation with our advanced solutions. Delta’s strategic investment in the Krishnagiri facility underscores our dedication to local innovation, manufacturing excellence, and sustainability. Through this investment, we aim to strengthen India’s self-reliance in smart manufacturing and energy infrastructure while contributing to global industry standards.”

Benjamin Lin, President of Delta Electronics India, stated, “Delta is proud to showcase our innovative smart manufacturing solutions at ELECRAMA 2025. Our focus has always been on delivering solutions that advance industries to become more efficient, sustainable, and resilient. The new solutions we are introducing – from the D-Bot Cobots to the Ultron IPT Series UPS – are designed with these values in mind, and we are committed to driving the transition to smart and sustainable manufacturing across India and beyond.”

Across the Delta booth, visitors will engage on a journey with a live demonstration of intelligent infrastructure across Industrial Automation, EV Charging, Smart Building Automation Solutions, Data Centers, Smart Energy Infrastructure, ICT Infrastructure, and many more innovative solutions.

Newly-Launched Smart Green Solutions by Delta at ELECRAMA 2025 are:

D-Bot Series Collaborative Robots (Cobots) – are an integral part of Delta’s broad portfolio of Smart Manufacturing Solutions. Designed for smart factory automation and equipped with advanced safety mechanisms, these cobots detect contact and instantly reverse movement to prevent accidents, ensuring safe human-robot collaboration. With payload capacities ranging from 6 kg to 30 kg, 6-axis flexibility, speeds up to 200 degrees per second, D-bot provides precision, efficiency, and rapid deployment across industries in a broad range of applications that require smart manufacturing capabilities, including packaging, pick and place, electronics assembly, materials handling, welding, machine tending, and more. Moreover, these D-Bot series cobots integrate seamlessly with Delta’s VTScada SCADA system, DIATwin digital twin platform, machine vision systems, and more, to help customers upgrade the productivity, reliability, and efficiency of their factories.240kW DC Fast EV Charger – A high-speed dual-vehicle charging solution developed locally by Delta India’s own R&D and engineering talent. These advanced EV charger boasts 95% efficiency, OCPP compatibility, and wired/4G GSM connectivity, ensuring fast, seamless EV charging for commercial applications, fleet operators, and public charging networks.Industrial Power-protect Transformer-based UPS (IPT series) – It redefines power reliability with Zig-zag transformer, advanced PFC converter, and exceptional short-circuit protection. With IP43 optional enclosure protection, it ensures robust performance and optimizes frontend investment for harsh industrial environments.

Commitment to Sustainability
Delta remains dedicated to sustainability through high-efficiency energy solutions. Between 2010 and 2023, Delta’s products and solutions deployed worldwide saved customers an estimated 45.5 billion kWh of electricity, equivalent to reducing carbon emissions by nearly 23.84 million tons. Additionally, from 2006 to 2024, Delta has built 35 green buildings and 2 certified green data centers worldwide, reinforcing its commitment to energy conservation and sustainability.

Visit Delta at ELECRAMA 2025 India’s Most Influential Industrial Technology Exhibition
Experience live demonstrations and interact with Delta’s latest innovations at Booth #A3B4, Hall 16 until February 26. Discover how Delta is driving smart manufacturing with its advanced robotics, automation, and energy-saving solutions.

About Delta

Delta, founded in 1971, and listed on the Taiwan Stock Exchange (code:2308), is a global leader in switching power supplies and thermal management products with a thriving portfolio of IoT-based smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to ESG. Since 2011, Delta has been listed on the Dow Jones Best-in-Class World Index (formerly the DJSI World Index of Dow Jones Sustainability™ Indices) for 14 consecutive years. Delta has also won CDP with double A List for 4 times for its substantial contribution to climate change and water security issues and has been named Supplier Engagement Leader for its continuous development of a sustainable value chain for 7 consecutive years.

For detailed information about Delta, please visit: www.deltaww.com

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SOURCE Delta Electronics, Inc.

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Cisco & Rockwell Automation Partner to Close Digital Skills Gap in Manufacturing

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The ‘Digital Skills for Industry’ program aims to bridge the digital skills gap in India’s manufacturing sector in areas such as cybersecurity, AI, and networking.The program combines national-level digital training curriculum for IT (Information Technology) and OT (Operational Technology), through globally recognized programs and certifications.Focused on building the workforce of the future, the program will help accelerate career growth, attract top talent, boost productivity and improve digital literacy.

BENGALURU, India, Feb. 24, 2025 /PRNewswire/ — Today, Cisco, the worldwide leader in networking and security, and Rockwell Automation signed a Memorandum of Understanding (MoU) to expand their strategic partnership and launch the ‘Digital Skills for Industry’ program. Addressing the growing skills gap in India’s manufacturing sector, the program aims to empower the next generation of workers with essential digital skills, combining IT and OT curriculums in the areas of cybersecurity, networking, IoT, data science, AI, programming and automation technologies. To meet the evolving demands of the industry, the program aims to improve digital literacy in industry, attract new talent, enhance workforce productivity, help accelerate career growth and bridge the global digital divide.

With a vision of exporting goods worth USD 1 trillion by 2030, India is well on its way to cementing itself as a major manufacturing hub. However, a shortage of skilled workers poses a significant barrier to progress. In fact, according to a Team Lease report, by FY 2027-28 while the electronics manufacturing industry is expected to generate 12 million jobs, yet a staggering skills gap of 10 million trained professionals persists. Bridging this skills gap is critical to ensure that India’s manufacturing industry remains globally competitive, efficient, and future-ready.

To address this gap, organizations are intensifying their investments in operational technology while prioritizing workforce upskilling. In July 2024, Cisco and Rockwell Automation signed an MOU pledging to close the digital skills gap in manufacturing across the Asia-Pacific region through social impact programs which include the Cisco Networking Academy (NetAcad). In India, NetAcad has already trained more than 2.2 million students through collaborations with educational institutions and industry partners. With courses in emerging technologies such as networking, programming, and cybersecurity, NetAcad is equipping the workforce with the skills needed to succeed in the jobs of the future.

“As we navigate the digital-first era, we’re witnessing a significant shift where industries without the right skilled talent risk falling behind. This transformation, driven by AI and emerging technologies, is especially critical for the manufacturing sector,” said Daisy Chittilapilly, President, Cisco India & SAARC “We are excited to partner with Rockwell Automation to build a future-ready, skilled workforce that can bring to life new possibilities of digital technologies, paving the way for a smarter and globally competitive manufacturing landscape.”

India’s manufacturing sector is poised to be a key engine of the nation’s economic transformation.  Amidst rapid technological advancements, the need for workforce upskilling and reskilling has never been more urgent. Rockwell Automation’s 9th annual State of Smart Manufacturing report identifies ‘change management’ as the top workforce challenge for 2024, highlighting the crucial role of human capital in the adoption of smart manufacturing technologies,” said Dilip Sawhney, Managing Director, Rockwell Automation India.

Recognizing the growing need for skilled workforce in automation technologies, Rockwell Automation offers solutions to helps both customers to upskill workers and academic institutions to train students in industry-relevant skills. These training solutions can be deployed with Rockwell Automation support through a blend of virtual or instructor-led courses to help enterprises mitigate workforce challenges and prepare for the future of smart manufacturing. These courses, spread across a variety of fundamental and product-specific automation technology topics, deliver a training solution that can be implemented directly on the plant floor, in classrooms, or through virtual sessions.

“While companies are committed to maintaining and even expanding their workforce in this era of automation, simply hiring isn’t enough. A strategic investment in robust upskilling and reskilling programs is essential. These programs must empower workers with the knowledge and skills necessary to leverage emerging technologies effectively.  By cultivating a dynamic talent ecosystem equipped for the future of manufacturing, we can realize India’s national vision: establishing the country as a global manufacturing powerhouse, competitive on the world stage,” added Dilip Sawhney.

About Rockwell Automation

Rockwell Automation, Inc.  (NYSE:  ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 27,000 problem solvers dedicated to our customers in more than 100 countries as of fiscal year end 2024. To learn more about how we are bringing Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience.  With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco.

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