Lighting Services

Lighting is the use of lights and lighting fixtures in order to illuminate the interior or exterior of a structure. Lighting is used as a source of light at night and as an aesthetic aspect in sectors such as retail, commercial, etc. Lighting fixtures can be automated with the use of technologies which also brings about energy efficiency

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Lighting Services Industry Benchmarks

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The average annual savings achieved in Lighting Services category is 10.00%

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The industry average payment terms in Lighting Services category for the current quarter is 90.0 days

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    Lighting Services Suppliers

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    Lighting Services Supplier

    Find the right-fit lighting services supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

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    Jacobs Engineering Group Inc.
    Jackson, Mississipi
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    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

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    Lighting Services market report transcript

    Lighting Services Market Analysis and Global Outlook

    • The $160 billion global lighting market is set to grow at 4-5 percent from 2020 to 2025, the decrease in growth owing to the adverse conditions caused by the Covid-19 crisis
    • The global lighting market is dominated by Asian countries, due to the low manufacturing cost, followed by Europe and North America, with shares of 20 percent and 15 percent, respectively
    • In the next 4–5 years, the growth rate is forecast to decline by 1 percent each year, until 2020. This is due to the decrease in greenfield construction projects in the commercial sector
    • The $46 billion global LED lighting market is expected to increase to $127 billion by 2027. Declining manufacturing cost of LEDs and technological advancements are major drivers of growth

    Major Trends Observed

    • Emergence of a new business model –LaaS. In this model, clients do not procure lighting equipment, rather they engage with LaaS service providers for their complete lighting needs
    • Global Smart Lighting Market: Adoption of cloud-based or smart lighting control systems in order to improve efficiency and improve work place health and productivity
    • Adoption of a new sourcing model: Sub-contracting store lighting services separately to third-party firms
    • Adoption of green lighting products and control systems

    Drivers and Constraints in the Global Lighting Services Market


    • High rebate rates for commercial entities on adoption of energy-efficient lighting systems
    • New innovation combined with price erosion in LEDs are the major growth drivers in the retail lighting industry.


    • Global retail companies are reluctant to have an in-house lighting design team, which reduces the competitive advantage in sourcing the best-fit lighting design architects and suppliers.
    • Growing operational and technical issues in lighting maintenance services.

    Testing Methods, Adoption of LED and Recent Trends in the Lighting Market

    Testing Methods

    • Testing of electrical components is typically done by the UL or Intertek (ETL) laboratories in North America. The CE certification is commonly used in Europe. Asia adopts these three testing certifications, as they are the most widely recognized
    • The common test reports are LM-79, LM-80, TM-21, and DLC 4.0. The tests provide light output, efficacy of the product (lumen per watt), and temperature rating

    Adoption of LED

    • Sustainability is the focal point in most of the stores today. Energy efficiency is being achieved in stores like Zara, Uniqlo, GAP, H&M, etc., by using LED for new store lighting and retrofitting
    • LED has the highest efficiency, followed by HID, fluorescent, halogen and incandescent lights

    Emerging Technology Trends

    • The major trends in the global lighting industry are Li-fi, Human Centric Lighting, Quantum Dots, and Cloud Computing

    Global Lighting Market: Global Scenario

    • The $147.87 billion global lighting market is undergoing a massive transformation, driven by two trends, such as the increasing adoption of LED technology and usage of connected lighting systems or smart systems

    Market Outlook

    • The global lighting market is growing steadily, and it is expected to grow at a CAGR of more than 10.4 percent between 2017 and 2025
    • The general lighting segment is expected to grow at a CAGR of 5.8 percent from 2018 to 2022. Growth in the residential sector is expected to be 6.2 percent during the same period
    • The revenue of the European lighting sector contributes to around 30 percent of global demand. Tokyo Olympics and DLC V5.0 based lighting are expected to drive the lighting demand in the APAC
    • The global lighting industry is dominated by the Asian market, with the share of ~40 percent, followed by the developed market, namely Europe and North America, with shares of 20 percent and 15 percent, respectively
    • The global lighting demand in the residential segment is expected to grow at a CAGR of 6.12 percent from 2018 to 2022

    Global Lighting Market: Key Market Segments

    • The general lighting segment dominates the global lighting market, with ~75 percent of the share. Currently, in general, the lighting segment, traditional energy-efficient technologies are the mainstream, but in the next five years, LED technology is expected to dominate the market globally

    Market Outlook 

    • General lighting is the largest lighting market segment, with the total market size of about $82.1 billion in 2017. The general lighting market is expected to constitute around 80 percent of the total lighting market by 2020

    • APAC accounts for the largest share in the general lighting segment with 43.4 percent, i.e., $35.6 billion. China accounted for 21 percent of the global market, amounting to $17.2 billion. Europe accounts for 30 percent of the market share in the general lighting segment

    • The automotive lighting segment is growing steadily, and the growth is expected to grow at a CAGR of 7.23 percent from 2018 to 2023. Automotive lighting is expected to be the major driver from 2017 to 2023, with the market share being 20 percent of total lighting in 2017

    • Due to the imposition of stringent government regulations on traditional lighting products, the product sales from that segment is expected to reduce by almost 13 percent annually between 2016 and 2020

    • However, on the other side, due to the long life span and price erosion of the LED lighting products, the market is expected to grow dramatically by almost 15 percent annually to reach about $65 billion by 2020