Lighting Market Drivers: Energy Efficiency, Urbanization and IoT
The global lighting market was valued at USD 142.5 billion in 2025 and is forecast to reach USD 225.6 billion by 2033, expanding at a 6.1% CAGR from 2026 to 2033, according to Grand View Research. Demand for energy-efficient products, rapid urbanization, and the spread of connected lighting are the main forces behind this growth.
Market Size and Growth
2025 market size: USD 142.5 billion
2026...
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