Decorative Lighting Market Size To Reach $49.42 Billion By 2030

Decorative Lighting Market Growth & Trends

The global decorative lighting market size is expected to reach USD 49.42 billion by 2030, registering to grow at a CAGR of 2.9% from 2025 to 2030 according to a new report by Grand View Research, Inc. Increasing deployment of decorative lighting in shopping malls, complexes, and retail shops have been playing a vital role in the market growth. The bright light adds a charm to place, along with giving it a warm and welcoming vibe. Additionally, the lighting helps in showcasing the products better and making it appear attractive. The trend has further extended its roots in decorating washrooms of malls, complexes, airports, and restaurants in order to offer a remarkable service to its customers.

The color of light plays a crucial role in the adoption of fixtures. Consumers have become aware about the effect of the color temperature. Three varieties including soft white, bright/cool white, and daylight are generally used. Soft white or warm white light bulbs are best suited for bedrooms and living rooms, as these offer traditional, warm, and cozy look. The bright or cool white light is suitable for kitchen and other similar workspaces including offices, as these offer a quick energetic ambience. The daylight is considered ideal for working, reading, or applying makeup as they enhance the color contrast.

Asia Pacific is expected to remain one of the lucrative markets over the next few years. Population growth and urbanization in developing economies such as China and India have paved a way for the lighting fixture firms to find new opportunities in the region. Additionally, rising spending on renovation as well as development of tourist destinations by the governments of China, India, Maldives, and Sri Lanka at the domestic level is expected to increase the establishment of new hotels as well as restaurants, where decorative lighting fixtures will expand the market reach.

Some of the key players operating in the decorative lighting market for decorative lighting are ACUITY BRANDS LIGHTING, INC.; Signify Holdings; NICHIA CORPORATION; Hubbell; Crest LED Lighting; GENERAL ELECTRIC COMPANY; OSRAM GmbH; Cree Lighting; Crest LED Lighting; and CRENSHAW LIGHTING. New product launches are expected to remain key strategies among the industry participants in order to expand their market size. Additionally, consumers are expected to consider energy efficient products with smart features as one of the key buying criteria over the next few years. For instance, in October 2018, Jaquar launched its copper chandelier with a silver plating. The three-tier chandelier is decorated with European crystals, along with LED E14. It offers smart and energy efficient lighting.

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Decorative Lighting Market Report Highlights

• The sconce segment dominated the market with the largest revenue share of 34.2% in 2024. Wall sconces offer a versatile lighting solution that can enhance the ambiance of various settings, from residential spaces to commercial establishments. 

• The LED segment dominated the market with the largest revenue share in 2024. LED lights are known for their energy efficiency, consuming significantly less power than traditional lighting solutions, which appeals to eco-conscious consumers and those looking to reduce electricity costs.

• The commercial segment dominated the market with the largest revenue share in 2024. This growth is driven by the expanding hospitality industry, including hotels, restaurants, and resorts, all of which invest heavily in creating appealing and inviting environments for their guests.

Decorative Lighting Market Segmentation

Grand View Research has segmented the global decorative lighting market based on product, light source, application, and region:

Decorative Lighting Product Outlook (Revenue, USD Million, 2018 - 2030)

• Chandeliers

• Pendants

• Sconce

• Flush Mount

• Others

Decorative Lighting Light Source Outlook (Revenue, USD Million, 2018 - 2030)

• LED

• Fluorescent

• Incandescent

• Others

Decorative Lighting Application Outlook (Revenue, USD Million, 2018 - 2030)

• Commercial

• Household 

Decorative Lighting Regional Outlook (Revenue, USD Million, 2018 - 2030) 

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

List of Key Players in Decorative Lighting Market

• ACUITY BRANDS, INC.

• Philips Lighting (Signify Holding)

• Home Depot

• Hubbell

• Generation Brands

• Juno

• Lowe’s

• GE Lighting

• LSI Industries

• OSRAM GmbH