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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..

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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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CAS Holdings Appoints Patrick McDermott as Chief Executive Officer

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Leadership Transition Positions CAS Holdings for Continued Growth and Customer-Focused Innovation

FRANKLIN, Mass., April 18, 2026 /PRNewswire/ — CAS Holdings, a leader in industrial automation distribution, engineering, and integration, is pleased to announce that Patrick McDermott has been named Chief Executive Officer.

McDermott previously served as President and Chief Revenue Officer, where he played a key role in driving growth across the organization, strengthening customer relationships, and leading teams with a clear focus on execution and results.

In his new role as CEO, McDermott will lead CAS Holdings into its next phase of growth, building on the company’s strong foundation and continued commitment to delivering value to customers, partners, and employees.

“I’m honored to step into the role of CEO at CAS Holdings,” said McDermott. “Over the past year, I’ve had the opportunity to work alongside an incredible team, support our customers, and help drive the growth of our organization. I’m excited to build on that momentum as we move into our next chapter.”

CAS Holdings, through its divisions including iAutomation and RND Automation, delivers a full spectrum of industrial automation solutions – from product distribution and technical support to custom machine building and system integration. Serving OEM machine builders and end-users, the company brings deep expertise in motion control, robotics, and vision, along with value-added capabilities such as kitting, sub-assembly, panel building, and turnkey automation systems, acting as an extension of its customers’ engineering and production teams.

McDermott’s leadership will focus on advancing CAS Holdings’ strategic initiatives, strengthening its market position, and continuing to deliver innovative automation solutions that support customers across a wide range of industries.

“We have a strong foundation, a talented team, and a clear direction. I’m looking forward to what we’ll accomplish together,” McDermott said. “Our focus remains on supporting our customers with responsive, local expertise, strong supplier partnerships, and the engineering and production capabilities they rely on to keep their operations running and growing.”

About Complete Automation Solutions Holdings

Complete Automation Solutions Holdings (CAS Holdings) is dedicated to empowering industrial automation companies, including those in the packaging industry, to achieve optimal efficiency and success. With a diverse portfolio encompassing industrial distribution, panel building and assembly, system integration, and robotics, CAS Holdings provides comprehensive packaging machines and solutions tailored to meet industry needs. The company prioritizes strong partnerships, expert engineering, and innovative solutions, ensuring sustainable practices and continuous improvement. CAS Holdings envisions a future where its transformative automation solutions redefine industry standards and drive growth. Committed to transparency and collaboration, CAS Holdings aims to be the most trusted partner in the automation sector.

Press Contact:

Erika Jacques
508-838-8012
http://www.iautomation.com/

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SOURCE CAS Holdings, Inc.

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Vipboss Marks Earth Day with Renewed Commitment to Green Energy Solutions

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NEW YORK, April 18, 2026 /PRNewswire/ — As Earth Day draws global attention to environmental responsibility, Vipboss, a specialist manufacturer and developer of lithium iron phosphate (LiFePO4) battery packs for energy storage and mobility applications, is underscoring its long‑term commitment to sustainable energy practices through its Environmental Advocacy. This advocacy is devoid of ornate language; its inspiration stems from the brand’s unwavering conviction in LiFePO4 batteries as a green energy solution. To align this message with practical action, the brand is also running a themed sales campaign on its official website during April 18th to 30th. It highlights how practical product solutions, rather than abstract concepts, can support cleaner energy use in everyday life.

Across the world, energy consumption patterns are undergoing rapid change. Households, outdoor users, and light‑mobility sectors are increasingly seeking energy systems that are safe, sustainable, and low‑emission. Within this shift, LiFePO4 batteries have emerged as a preferred technology for clean‑energy applications. Their long service life, high safety profile, and absence of cobalt, which is an element associated with higher environmental and ethical risks, position them as a responsible choice in the global transition toward greener power.

LiFePO4 technology forms the foundation of Vipboss’s approach to sustainable energy. Its extended cycle life reduces the frequency of battery replacement, lowering resource consumption and easing the environmental burden associated with disposal. The material’s inherent stability also minimizes the risk of thermal runaway, offering a safer experience in homes, recreational vehicles, and public environments. In practical use cases such as home backup systems, RV travel, and golf‑course operations, LiFePO4 batteries deliver efficient storage and stable output, helping reduce reliance on fossil‑fuel‑based energy sources and supporting lower‑carbon lifestyles.

Vipboss’s environmental advocacy extends beyond the technical advantages of its products. The brand promotes responsible energy use as an integral part of sustainable living, emphasizing that product design and informed application must work together to achieve meaningful environmental outcomes. As a provider of energy solutions for home, travel, and leisure scenarios, Vipboss continues to participate in the long‑term process of green transformation through ongoing technological refinement and product evolution.

Earth Day serves as a reminder that lasting environmental impact is built through small, consistent actions. Looking ahead, Vipboss will continue advancing safer, more durable, and more efficient energy products that support individuals and families in adopting more sustainable energy habits. Through these efforts, the brand aims to contribute enduring value to the wider adoption of clean energy and the collective pursuit of a more sustainable future.

About Vipboss

Vipboss is a specialist in the lithium battery industry, focusing on the research, production, and manufacturing of lithium iron phosphate (LiFePO4) battery packs. The company is committed to advancing battery technology with an emphasis on reliable performance, safety, and extended service life. Its mission is to deliver safe, efficient, and environmentally responsible energy solutions that contribute to a cleaner, more sustainable future.

For more information, please visit: https://vipbosspower.com/.

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Pastor Dino Rizzo Marks 100 Days to Serve Day Ahead of Global Outreach Initiative

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Pastor Dino Rizzo highlighted the milestone of 100 days until Serve Day 2026, as thousands of churches prepare to serve their communities through coordinated acts of kindness on July 11.

BIRMINGHAM, Ala., April 18, 2026 /PRNewswire/ — Pastor Dino Rizzo joined church leaders and teams on April 2 to mark 100 days until Serve Day 2026, a global outreach initiative set for July 11. The milestone brings together more than 2,900 churches preparing to serve their local communities through practical acts of kindness and outreach.

Serve Day, led by many churches within the Association of Related Churches, provides a coordinated opportunity for churches worldwide to engage their cities and demonstrate their faith through service. Pastor Dino Rizzo, who serves as Executive Director of ARC, emphasized the significance of the initiative as both a single-day event and a broader movement.

“Serve Day provides churches across the world with opportunities to serve their local communities and share the love of God through practical acts of kindness,” Rizzo said. “Our hope is that serving others becomes our focus throughout the year.”

The April 2 milestone reflects growing participation and anticipation among churches globally. Leaders are currently equipping teams, organizing projects, and connecting with local communities in preparation for July. Churches that join the initiative gain access to resources, including the Serve Day playbook, monthly leadership calls, and a private online community designed to support collaboration and planning.

Pastor Dino Rizzo has long championed the role of service within the church through the Servolution movement. Introduced through his 2009 book Servolution: Starting a Church Revolution Through Serving, the concept calls churches to embed serving into their culture rather than limit it to occasional events. The message has since influenced hundreds of churches across multiple countries, including the United States, Peru, New Zealand, and Poland.

“Serving is not just about an event. It is about building a culture where meeting needs and reaching people becomes part of who we are,” Rizzo has shared in previous teachings, reinforcing the long-term vision behind initiatives like Serve Day.

In addition to leading Serve Day, Pastor Dino Rizzo continues his work with ARC, which has planted over 1200 churches and continues to train and equip new church leaders. His involvement in conferences, leadership development, and global outreach initiatives reflects a consistent focus on sustainable church growth and community impact.

Churches interested in participating in Serve Day 2026 can learn more through ARC’s official website and access resources designed to support local outreach efforts.

About Pastor Dino Rizzo

Pastor Dino Rizzo is a pastor, author, and church leader known for his emphasis on service, leadership, and healthy church culture. He serves as Executive Director of the Association of Related Churches, an organization that has helped launch hundreds of churches worldwide. Rizzo is also the author of Servolution, a book that has inspired a global movement centered on serving others as a core expression of faith.

Media Contact
Organization: Mercury News Media
Email: info@mercurynewsmedia.com
Phone: 303 800 6186
Website:
https://www.mercurynewsmedia.com/
Contact Name: Jessica Brown

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SOURCE Dino Rizzo

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