Lamp Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Desk Lamp, Floor Lamp), By Type (Reading Lamp, Decorative Lamp), By Application (Residential, Commercial), By Sales Channel (Hypermarkets, Online, Specialty Stores, and Others (Direct Sales, etc.)), By Region, By Competition , 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 14.85 Billion
CAGR (2026-2031)	4.62%
Fastest Growing Segment	Desk Lamp
Largest Market	North America
Market Size (2031)	USD 19.47 Billion

Market Overview

The Global Lamp Market will grow from USD 14.85 Billion in 2025 to USD 19.47 Billion by 2031 at a 4.62% CAGR. The Global Lamp Market encompasses the manufacturing and distribution of electric light sources, including light-emitting diodes (LEDs), fluorescent tubes, and high-intensity discharge bulbs, utilized across residential, commercial, and industrial sectors. The market’s growth is primarily supported by stringent government regulations mandating energy efficiency and the rapid urbanization of developing economies, which necessitates expanded infrastructure and sustainable illumination solutions. These fundamental drivers provide a robust foundation for demand, distinct from evolving consumer preferences or design trends.

However, the industry faces significant impediments, most notably the volatility of raw material prices and supply chain inconsistencies which can erode profit margins and delay production. According to the China Association of Lighting Industry, in 2024, the total export value of lighting products reached 56.1 billion USD. This figure illustrates the immense scale of the sector's international trade, emphasizing the critical need for stability in global logistics to maintain consistent market expansion.

Key Market Drivers

The accelerated adoption of energy-efficient LED technology acts as a primary catalyst for market expansion, fundamentally replacing legacy incandescent and fluorescent systems across global infrastructures. This shift is propelled by the superior operational longevity and reduced power consumption of solid-state lighting, which directly aligns with stringent sustainability mandates and cost-reduction strategies for commercial and residential end-users. As manufacturers systematically phase out inefficient product lines, revenue streams are increasingly dominated by these advanced solutions. For instance, according to Signify, January 2025, in the 'Fourth Quarter and Full-Year 2024 Results', LED-based products accounted for 93% of the company's total sales, underscoring the near-total saturation of this technology in modern product portfolios. This transition is further supported by the intense demand for retrofit projects that deliver immediate return on investment through lower utility expenses.

Simultaneously, the integration of smart lighting within IoT and home automation ecosystems is reshaping the industry's value proposition from simple illumination to intelligent data management. Smart connected systems allow for real-time monitoring, remote control, and adaptive lighting environments, driving significant investment in both municipal and commercial applications. This trend is evident in the surging demand for intelligent infrastructure; according to Acuity Brands, October 2025, in the 'Fiscal 2025 Fourth-Quarter and Full-Year Results', the Acuity Intelligent Spaces (AIS) segment generated net sales of $255.2 million in the fourth quarter, reflecting a substantial increase driven by building management and control solutions. Broader market momentum is also visible in manufacturing outputs, as according to LSI Industries, September 2025, in the '2025 Annual Report', the company reported fiscal year net sales of $573 million, marking a 22% increase year-over-year. These figures highlight a robust trajectory for connected and high-performance lighting technologies.

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Key Market Challenges

The volatility of raw material prices and supply chain inconsistencies constitutes a substantial barrier to the progress of the Global Lamp Market. This instability directly hampers market growth by creating a precarious manufacturing environment where the cost of essential inputs, such as copper, aluminum, and semiconductor chips, fluctuates unpredictably. Manufacturers are consequently unable to maintain stable pricing strategies, often leading to delayed production schedules and reduced profit margins. When producers cannot reliably secure components or forecast costs, they struggle to commit to large-scale infrastructure contracts, causing a slowdown in the fulfillment of the global demand for energy-efficient illumination.

The adverse effect of these logistical disruptions is quantitatively evident in recent industrial performance data. According to the 'China Association of Lighting Industry', in '2025', 'the cumulative export value of lighting products from January to May reached approximately 20.9 billion USD, representing a year-on-year decline of 7%'. This statistical contraction underscores how supply chain fragility and input cost volatility can effectively negate the positive drivers of urbanization and regulation, resulting in a tangible shrinkage of market activity despite the underlying need for lighting products.

Key Market Trends

The expansion of Horticultural and Agricultural LED Applications is emerging as a critical trend, driven by the global rise of controlled environment agriculture (CEA). Unlike general illumination, this sector requires specialized spectral outputs to optimize plant growth cycles, creating a high-value niche for manufacturers. The demand for these sophisticated fixtures is diversifying beyond simple greenhouse supplementation to fully enclosed, high-density crop production systems. This industrial momentum is quantifiable; according to the DesignLights Consortium, March 2025, in the 'Horticultural Technical Requirements' update, the organization's Qualified Products List for horticultural lighting grew to include over 1,200 distinct products, registering an annual expansion rate exceeding 102% as manufacturers race to certify specialized agricultural luminaires.

Simultaneously, the Widespread Adoption of Human-Centric Lighting (HCL) Systems is shifting the industry focus from energy savings to biological impact. This trend prioritizes tunable white technologies that mimic natural daylight progression to regulate circadian rhythms, thereby enhancing productivity in offices and recovery rates in healthcare facilities. This evolution treats light as a health intervention tool rather than a mere utility commodity. The commercial viability of this segment is evident in financial reporting; according to Signify, October 2024, in the 'Third Quarter 2024 Results', the company reported that its 'Brighter Lives' revenue stream, which specifically encompasses products designed for health and well-being, accounted for 31.1% of total sales, validating the substantial consumer shift toward performance-based physiological lighting.

Segmental Insights

The desk lamp segment represents the fastest-growing category within the global lamp market, primarily driven by the sustained rise in remote work and the expansion of residential office environments. Consumers increasingly seek ergonomic lighting solutions designed to minimize eye strain and improve visual comfort during extended periods of use. Additionally, the widespread adoption of energy-efficient light-emitting diode technology supports compliance with international performance standards established by entities such as the International Electrotechnical Commission. This combination of functional necessity and adherence to regulatory energy frameworks continues to accelerate the adoption of desk lamps globally.

Regional Insights

North America holds a dominant position in the Global Lamp Market, driven primarily by stringent energy efficiency regulations and the phasing out of traditional incandescent lighting. The U.S. Department of Energy plays a critical role by establishing rigorous performance standards that necessitate the adoption of LED technologies across residential and commercial sectors. This regulatory pressure is complemented by extensive infrastructure modernization projects throughout the region, which require compliant, energy-saving lighting solutions. Consequently, the alignment of legislative mandates with industrial demand ensures North America remains the principal revenue generator in the global landscape.

Recent Developments

• In September 2024, smart lighting innovator Govee unveiled two new flagship products, the Strip Light 2 Pro and the COB Strip Light Pro, during the IFA exhibition in Berlin. These advanced LED strip lights were developed to offer superior brightness and color performance for modern smart homes. The COB (Chip on Board) model features a high density of LEDs to create a continuous, spotless stream of light, making it ideal for sophisticated decorative applications. This launch highlighted the company's focus on expanding its presence in the global market by providing versatile, high-quality lighting solutions that integrate with popular smart home platforms.
• In June 2024, Signify introduced its NatureConnect lighting innovation to the Indian market, targeting professional, hospitality, and healthcare sectors. This biophilic lighting system was designed to mimic the natural rhythms of sunlight indoors, thereby supporting the circadian rhythms and well-being of occupants. The solution comprises three main elements: SkyRibbon, which simulates morning and evening twilight; Daylight, a ceiling luminaire that replicates the changing intensity of the sun; and Skylight, a wall fixture resembling a window with a natural view. This launch underscored the company's commitment to human-centric lighting solutions that enhance mood, focus, and productivity in indoor environments.
• In February 2024, ams OSRAM announced the release of its next-generation OSLON Pure 1010 LEDs, which were subsequently showcased at the Light + Building trade fair in Frankfurt. This new lighting solution was engineered specifically for professional retail and architectural applications where high luminous flux density is critical. The compact LEDs offer a broad color spectrum and superior lumen density, enabling precise spotlighting that enhances the visual appeal of merchandise and interior spaces. By delivering improved performance for architectural and stage lighting, the company aimed to provide lighting designers with more flexible and efficient tools for creating customized illumination effects.
• In January 2024, GE Lighting, a Savant company, expanded its smart home portfolio with the launch of the Cync Reveal HD+ Full Color Undercabinet Fixtures during the Consumer Electronics Show. Recognized as the first full-color, edge-lit smart undercabinet lights in the North American market, these fixtures were designed to provide exceptional clarity and millions of color options for homeowners. The slim profile and edge-lit architecture allow for diffused, vibrant illumination on countertops, effectively transforming the ambiance of kitchen spaces. Users can control the system via the proprietary app or integrate it into a broader smart home ecosystem for seamless, automated operation.

Key Market Players

• Osram GmbH
• Inter IKEA B.V.
• Pablo Design
• Koncept Inc.
• Flos S.p.A.
• Signify N.V.
• OttLite Technologies
• Artemide S.p.A.
• Lutron Electronics
• Herman Miller Inc.

By Product	By Type	By Application	By Sales Channel	By Region
Desk Lamp Floor Lamp	Reading Lamp Decorative Lamp	Residential Commercial	Hypermarkets Online Specialty Stores and Others (Direct Sales, etc.)	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Lamp Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Lamp Market, By Product:

• Desk Lamp
• Floor Lamp

• Lamp Market, By Type:

• Reading Lamp
• Decorative Lamp

• Lamp Market, By Application:

• Residential
• Commercial

• Lamp Market, By Sales Channel:

• Hypermarkets
• Online
• Specialty Stores
• and Others (Direct Sales, etc.)

• Lamp Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE