Global Lighting Fixtures Industry Set to Grow at 5.3% CAGR Through...

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2025-06-12 16:53:07 -

Global Lighting Fixtures Industry Set to Grow at 5.3% CAGR Through 2031

The global lighting fixtures market was valued at USD 107.1 billion in 2022 and is projected to reach USD 167.4 billion by 2031, growing at a CAGR of 5.3% from 2023 to 2031. This growth is driven by rising urbanization, increasing demand for energy-efficient lighting solutions, and technological advancements such as smart lighting and LED innovations across residential,...

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