Lighting Market: Impacts of Urbanization and Smart Cities

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2025-12-11 07:10:06 -

The global lighting market size was estimated at USD 151.7 billion in 2024 and is projected to reach USD 223.3 billion by 2030, growing at a CAGR of 7.2% from 2025 to 2030. Steady growth in the lighting market is fueled by the increasing demand for energy-efficient solutions, urbanization, and advancements in smart lighting technologies. Traditional lighting solutions, such as...

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