상업용 조명 : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the commercial lighting market size is projected to be USD 18.76 billion in 2025, USD 22.57 billion in 2026, and reach USD 51.04 billion by 2031, growing at a CAGR of 17.73% from 2026 to 2031.

This report is Segmented by Lighting Type (Lamps and Luminaires), Lighting Source (LED and Conventional), End-User (Commercial Offices, Retail, Hospitality and Leisure, Healthcare, and More), Installation Type (New Construction and Retrofit/Renovation), Connectivity (Connected/Smart Lighting and Non-Connected Lighting), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Global Commercial Lighting Market Trends and Insights

Energy-Efficiency Regulations and LED Adoption

Tightening global codes are removing legacy lamps from specification schedules, compressing simple paybacks to fewer than three years in many jurisdictions. The European Ecodesign update that became effective in 2024 bans high-wattage T8 fluorescents, forcing building owners to retrofit or face fines. California's 2025 revision of Title 24 lifts minimum indoor efficacy to 100 lumens per watt and mandates networked controls in large spaces, effectively excluding non-connected options from new projects. China's GB 50034-2024 standard caps lighting power density and requires perimeter dimming, aligning national construction with its 2060 carbon-neutral pledge. India extended its star-rating scheme to commercial luminaires in 2024, layering performance incentives on top of import tariffs that already favor domestic LED assembly. Together, these measures accelerate removal of an installed fluorescent base that still represented roughly one-third of global stock in 2025.

Declining LED Prices and Efficacy Improvements

Mid-power LED packages recorded double-digit price drops in both 2024 and 2025 as Chinese fabs scaled 8-inch epitaxial wafers and improved yield management. Signify reported a 15% fall in the bill-of-materials for a typical troffer, allowing retail prices to stay flat even as margins rose. Nichia's 220 lumens-per-watt packages and Cree's laboratory achievement of 240 lumens per watt translate to system efficiencies above 150 lumens per watt in volume products. Seoul Semiconductor's Acrich driver-less platform shaved 18% off fixture cost while improving reliability by removing the failure-prone power supply. The commercial lighting market therefore enjoys a flywheel effect: lower upfront cost expands addressable demand, which in turn enables scale efficiencies that push prices even lower.

Component Supply-Chain Volatility

Concentration among a handful of driver IC and rare-earth suppliers exposes the commercial lighting market to prolonged lead times and price spikes. Texas Instruments and STMicroelectronics controlled around 60% of power-management ICs in early 2025, and both stretched delivery windows to 22 weeks due to automotive demand. China's export quotas on europium-doped phosphors pushed spot prices up 28% in 2024 before stabilizing mid-2025. Smaller OEMs, lacking volume contracts, delayed launches or exited markets. North American assemblers continue to face 25% tariffs on many LED modules, prompting relocations to Vietnam and Mexico with mixed results on cost and qualification timelines.

Other drivers and restraints analyzed in the detailed report include:

1. Smart Building and IoT Integration Demand
2. Human-Centric Lighting for Occupant Wellness
3. Construction-Cycle Dependency

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Luminaires represented 56.78% of 2025 revenues, indicating their clear lead over lamps within the commercial lighting market share. Growth at a 17.79% pace to 2031 suggests that contractors value the labor savings that arrive with fully integrated fixtures. Integrated designs cut on-site assembly time by about 30%, a critical advantage as skilled labor shortages inflate installation costs in mature markets. The segment's dominance is underpinned by recessed troffers and linear strips that align with modern shallow plenums. Market leaders such as Hubbell and Acuity continue to integrate wireless controllers at the factory, guaranteeing interoperability and reducing field errors.

Tunable-white capabilities are spreading across hotels and hospitals, where brand differentiation and wellness metrics matter. Fagerhult deployed its Organic Response platform in more than 120 Nordic hotels, boosting guest satisfaction scores without redesigning ceilings. High-bay luminaires now arrive with Bluetooth and Li-Fi radios factory-mounted, turning warehouse ceilings into data networks. WAC Lighting's Aether line offers linear profiles with embedded Li-Fi, a choice that appeals to corporate campuses seeking secure broadband. In contrast, the lamp segment declines steadily as building codes require luminaire-level controls incompatible with screw-base retrofits.

LED products captured 66.59% of 2025 value and will compound at 18.31% through 2031, underscoring their central role in the commercial lighting market. System-level efficiencies above 150 lumens per watt and declining prices make LED retrofits attractive even in markets with subsidized electricity. Chip-on-board and chip-scale packages now displace older mid-power arrays in premium form factors, offering higher lumen density and superior thermal handling. Delta Electronics launched a COB downlight in 2025 that reaches 140 lumens per watt at 3,000 kelvin with a color-rendering index above 95, directly targeting retail applications where color fidelity drives revenue.

Conventional sources continue to recede, accelerated by disposal levies on mercury-containing lamps in the EU and Japan. OSRAM redirected USD 50 million in R&D budgets from HID to LED and LiDAR components after divesting its lamp unit in late 2024. Quantum-dot conversion films from Nanosys and 3M enter high-end architectural fixtures, broadening spectral coverage without substantial efficacy loss. The residual market for fluorescents survives in low-income geographies but shrinks each year as supplier networks dissolve and replacement inventories dry up.

Complete Report Scope:

• By Lighting Type
  • Lamps
  • Luminaires
• By Lighting Source
  • LED
  • Conventional (Fluorescent, HID, Other Conventional Lighting Sources)
• By End-User
  • Commercial Offices
  • Retail
  • Hospitality and Leisure
  • Healthcare
  • Other End-Users
• By Installation Type
  • New Construction
  • Retrofit / Renovation
• By Connectivity
  • Connected / Smart Lighting
  • Non-Connected Lighting
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia-Pacific
  • Middle East
    • Saudi Arabia
    • United Arab Emirates
    • Turkey
    • Rest of Middle East
  • Africa
    • South Africa
    • Nigeria
    • Rest of Africa

Geography Analysis

Asia Pacific commanded an 84.12% revenue share in 2025, underscoring its central role in the commercial lighting market. China alone funneled RMB 2.3 trillion (USD 320 billion) into smart-city programs that include intelligent street and commercial lighting, while India's Bureau of Energy Efficiency set minimum efficacy thresholds that guide procurement for public buildings. Japan imposed automatic daylight harvesting for perimeter zones in 2024, further tightening national energy law. South Korea subsidizes up to 40% of retrofit costs through its Green New Deal financing, unlocking commercial demand despite a mature construction stock.

Africa grows fastest at 20.06% through 2031, propelled by 4% annual urbanization and multilateral development loans that combine solar microgrids with LED packages. The African Development Bank's Sustainable Energy Fund disbursed USD 1.8 billion in 2024, with commercial lighting projects comprising 18% of that amount. Nigeria's Rural Electrification Agency installed solar-powered LEDs in 2,500 markets, bundling payments through mobile kiosks. Kenya's new standards align with a national pledge to run on 100% renewables by 2030, making LED efficacy critical to grid stability.

North America and Europe remain innovation hotspots even though they hold smaller global shares. The U.S. Department of Energy allocated USD 45 million in 2024 to tunable lighting R&D. Germany's KfW bank offers 0.5% interest loans for retrofits that deliver at least 40% savings, turning lighting into a quick-win energy measure. The Middle East advances via project-driven megacities like NEOM, where Li-Fi luminaires provide data without electromagnetic interference, while Dubai's 2050 clean energy roadmap mandates LEDs in all new commercial builds. Latin America advances unevenly, but Brazil's PROCEL and Mexico's CONUEE standards keep LED penetration moving upward across retail and hospitality clusters.

1. Signify N.V.
2. Acuity Brands, Inc.
3. Hubbell Incorporated
4. Zumtobel Group AG
5. Cree Lighting (IDEAL INDUSTRIES, Inc.)
6. Panasonic Corporation (Lighting)
7. OSRAM GmbH
8. Eaton Corporation plc (Cooper Lighting)
9. Wipro Lighting Limited
10. ABB Ltd. (Lighting)
11. Honeywell International Inc. (LED Lighting)
12. Legrand SA
13. Lutron Electronics
14. GE Current, a Daintree Company
15. Fagerhult Group
16. Siteco GmbH
17. Delta Electronics, Inc. (Lighting BU)
18. Syska LED Lights Pvt Ltd.
19. WAC Lighting
20. Havells India Ltd. (Lighting)

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Energy-Efficiency Regulations and LED Adoption
  • 4.2.2 Declining LED Prices and Efficacy Improvements
  • 4.2.3 Smart Building and IoT Integration Demand
  • 4.2.4 Human-Centric Lighting for Occupant Wellness
  • 4.2.5 Li-Fi-Enabled Luminaires for Data Connectivity
  • 4.2.6 ESG-Linked Financing Accelerating Retrofits
• 4.3 Market Restraints
  • 4.3.1 Component Supply-Chain Volatility
  • 4.3.2 Construction-Cycle Dependency
  • 4.3.3 Interoperability Gaps in Connected Systems
  • 4.3.4 EPR and Recycling-Compliance Cost Burden
• 4.4 Industry Value Chain Analysis
• 4.5 Impact of Macroeconomic Factors on the Market
• 4.6 Regulatory Landscape
• 4.7 Technological Outlook
• 4.8 Porter's Five Forces Analysis
  • 4.8.1 Bargaining Power of Suppliers
  • 4.8.2 Bargaining Power of Buyers
  • 4.8.3 Threat of New Entrants
  • 4.8.4 Threat of Substitutes
  • 4.8.5 Intensity of Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Lighting Type
  • 5.1.1 Lamps
  • 5.1.2 Luminaires
• 5.2 By Lighting Source
  • 5.2.1 LED
  • 5.2.2 Conventional (Fluorescent, HID, Other Conventional Lighting Sources)
• 5.3 By End-User
  • 5.3.1 Commercial Offices
  • 5.3.2 Retail
  • 5.3.3 Hospitality and Leisure
  • 5.3.4 Healthcare
  • 5.3.5 Other End-Users
• 5.4 By Installation Type
  • 5.4.1 New Construction
  • 5.4.2 Retrofit / Renovation
• 5.5 By Connectivity
  • 5.5.1 Connected / Smart Lighting
  • 5.5.2 Non-Connected Lighting
• 5.6 By Geography
  • 5.6.1 North America
    • 5.6.1.1 United States
    • 5.6.1.2 Canada
    • 5.6.1.3 Mexico
  • 5.6.2 South America
    • 5.6.2.1 Brazil
    • 5.6.2.2 Argentina
    • 5.6.2.3 Rest of South America
  • 5.6.3 Europe
    • 5.6.3.1 Germany
    • 5.6.3.2 United Kingdom
    • 5.6.3.3 France
    • 5.6.3.4 Italy
    • 5.6.3.5 Spain
    • 5.6.3.6 Russia
    • 5.6.3.7 Rest of Europe
  • 5.6.4 Asia-Pacific
    • 5.6.4.1 China
    • 5.6.4.2 Japan
    • 5.6.4.3 India
    • 5.6.4.4 South Korea
    • 5.6.4.5 South-East Asia
    • 5.6.4.6 Rest of Asia-Pacific
  • 5.6.5 Middle East
    • 5.6.5.1 Saudi Arabia
    • 5.6.5.2 United Arab Emirates
    • 5.6.5.3 Turkey
    • 5.6.5.4 Rest of Middle East
  • 5.6.6 Africa
    • 5.6.6.1 South Africa
    • 5.6.6.2 Nigeria
    • 5.6.6.3 Rest of Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (Includes Global Level Overview, Market Level Overview, Core Segments, Financials As Available, Strategic Information, Market Rank/Share For Key Companies, Products and Services, and Recent Developments)
  • 6.4.1 Signify N.V.
  • 6.4.2 Acuity Brands, Inc.
  • 6.4.3 Hubbell Incorporated
  • 6.4.4 Zumtobel Group AG
  • 6.4.5 Cree Lighting (IDEAL INDUSTRIES, Inc.)
  • 6.4.6 Panasonic Corporation (Lighting)
  • 6.4.7 OSRAM GmbH
  • 6.4.8 Eaton Corporation plc (Cooper Lighting)
  • 6.4.9 Wipro Lighting Limited
  • 6.4.10 ABB Ltd. (Lighting)
  • 6.4.11 Honeywell International Inc. (LED Lighting)
  • 6.4.12 Legrand SA
  • 6.4.13 Lutron Electronics
  • 6.4.14 GE Current, a Daintree Company
  • 6.4.15 Fagerhult Group
  • 6.4.16 Siteco GmbH
  • 6.4.17 Delta Electronics, Inc. (Lighting BU)
  • 6.4.18 Syska LED Lights Pvt Ltd.
  • 6.4.19 WAC Lighting
  • 6.4.20 Havells India Ltd. (Lighting)

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment