Light Bulbs Statistics By Benefits, Facts and Market Size

Introduction

Light bulbs Statistics: Light bulbs are essential to any building because good lighting allows for elevating and improving different functionalities within rooms of houses, offices, and warehouses. Since the technological development, the global light bulb industry has also started to enhance and is expected to provide more innovative and advanced features in the coming years.

If you are still waiting to learn about the facts about light bulbs, Then no worries; this Light bulb Statistics will guide you in understanding the global market. It includes insights from various aspects that show how fast the market is growing worldwide.

Editor’s Choice

• According to a Statista report analysis, as of 2024, revenue generated by the global light bulbs and fittings market is expected to be USD 36.72 billion, with a revenue change of 4.9% from last year.
• The overall market is predicted to grow at a CAGR of 3.50% from 2024 to 2028.
• The United States is supposed to generate the highest revenue share among other countries, resulting in USD 11,500 million in 2024.
• Per person, revenue generated in 2024 is going to amount to USD 4.74
• The potential value of the LED market is expected to reach USD 160.03 billion by 2026, along with a CAGR of 14.25% from 2021 to 2026.
• In the United Kingdom, almost 14% of households are owners of light bulbs using LEDs in 2023.
• As of 2024, nearly 8 billion standard light bulbs are currently used worldwide.
• The global industrial lighting market is expected to reach USD 29.42 billion by 2027.
• The import and export shipment of light bulbs worldwide is 368.4KK, with 26,021 buyers and 23,769 suppliers in 2023.
• In the United States, the installation of outdoor LEDs in 2025 will be 218 million units.

Benefits of Light Bulb

• A light bulb offers a longer life span than any other light source and produces relatively higher output.
• The working hours range between 8,000 hours and 15,000 hours.
• Light bulbs are easy to install and are more economical and affordable.
• This bulb comes in various shapes, sizes, and brands.
• Other benefits include more extended longevity, durability, and better light quality.

Facts about Light Bulbs

• The light bulb market is segmented into traditional or incandescent bulbs, halogen light bulbs, compact fluorescent lamps, and LED light bulbs.
• However, in the light bulb industry, LED lights will be the fastest-growing market in 2024.
• Traditional or incandescent bulbs are now inefficient because these light bulbs convert only 5-10% of power into light energy, and 90% of energy goes to waste.
• Incandescent light bulbs have a shorter life span of 1000 hours only.
• CFL light bulbs require 75% less energy than other light bulbs.
• LED light bulbs generate extremely low heat emissions and use 90% of their energy consumption towards heat energy.
• A report published by Meteor Electrical states that in 2023, the global lighting market valuation will have resulted in USD 93.93 billion.
• The rate of innovation is supposed to increase up to 70% by 2025 across the lighting industry.
• The worldwide market of lamps and lighting is expected to grow at a CAGR of 5.7% from 2023 to 2027.

Fun Facts about Light Bulbs

• The Centennial Light in Livermore, California, has been burning since 1901, with only power outages interrupting it.
• LED lights are efficient because they only emit visible light, unlike incandescent bulbs that waste energy as heat.
• The brain uses the same amount of energy as a 10-watt or 15-watt light bulb, varying based on brain size.
• In 1879, light bulbs were first installed at Niagara Falls, producing the light of 32,000 candles. Now, 21 xenon spotlights, each 4,000 watts, light the Falls, equaling 8.2 billion candles.
• In 2014, lighting accounted for 11% of total U.S. electricity use, while indoor cannabis production used 1%.
• Incandescent bulbs waste 90% of energy as heat; CFLs use 80% less electricity and last 12 times longer.
• Energy consumption in the U.S. doubled every 20 years, but per capita usage peaked in 2005 and has since declined.
• Inactive appliances cost American households USD 165 annually, totaling USD 19 billion in standby energy use.
• Fireflies produce nearly 100% efficient light through a chemical reaction. Scientists aim to replicate this in LEDs.
• 75% of home electricity use happens when electronics are off. A desktop uses 80 watts when idle, while a laptop uses 20 watts.
• LEDs are common in traffic lights, brake lights, TVs, and displays due to their size, durability, and focused light.
• LED technology improves continually, making it more eco-friendly than incandescent and CFL bulbs.
• Switching to LEDs in the U.S. could reduce CO2 emissions by 100 million tons annually over the next decade.
• LED bulb prices have dropped over 90% since 2008, with prices as low as USD 3 by 2016.
• An LED bulb can last five years nonstop or several decades with typical use.
• General Electric, the leading U.S. light bulb manufacturer, makes USD 540 million annually from light bulb sales.
• The automotive market contributes 13% to the LED lighting industry’s sales.
• Lighting a 6-foot Christmas tree with incandescent C-9 lights for 40 days costs USD 10; with LED C-9 lights, it’s just USD 0.27.
• LED lighting could save 190 terawatt-hours of electricity and USD 15 billion annually by 2030.
• Google says 100 searches use as much energy as a 60-watt bulb running for 28 minutes. One active Google user consumes energy equal to driving a car for one mile monthly.
• LEDs are as small as a pepper fleck, and white light is usually made by mixing red, green, and blue LEDs.
• The U.S. has about 500 million recessed downlights, and LED technology can reduce their wattage by 75% or more.
• Nearly 47% of U.S. households used LED bulbs for most indoor lighting in 2020, up from 4% in 2015.
• LED use is higher among households earning USD 100,000 or more (54%) compared to those earning less than USD 20,000 (39%).
• Owner-occupied homes use more LED bulbs than renter-occupied ones, and homes without children use LEDs more than those with children.
• More owner-occupied households (65%) leave lights on for four or more hours daily compared to renter-occupied ones (54%).
• Households with children leave lights on longer (68%) than those without (59%).
• Lower-income households are less likely to leave lights on for long periods than higher-income ones.
• In 2020, 32% of U.S. households had smart speakers, with 10 million using them to control lighting.

Global Lighting Market Statistics

(Source: ledlightingsupply.com)

• The global industrial lighting market is expected to reach USD 29.42 billion by 2027, and the annual growth rate will grow at a CAGR of 7.93% from 2019 to 2027.
• In the lighting market, the compound annual growth rate share by region from 2020 to 2030 is followed by North America (40%), South Asia and Pacific (30%), Europe (13%), East Asia (8%), Latin America (6%), and Middle East and Africa (3%).

General Light Bulbs Statistics

Revenue by Segment (Eleven-year analysis from 2018 to 2028)

(Reference: statista.com)

• The above graph analysis shows that the total revenue generated by light bulbs and fittings worldwide has generated USD 35.02 billion, with a revenue change of 4.8% from 2022.
• In 2024, the market revenue is expected to approach USD 36.72 billion with a 4.9% revenue change.
• Furthermore, in coming years, predicted revenue and revenue change of the light bulbs market are followed by 2025 = USD 38.21 billion (4.1%), 2026 = USD 39.41 billion (3.2%), 2027 = USD 40.66 billion (3.2%), and 2028 = USD 42.14 billion (3.6%).

Average Revenue Per Capita (Eleven-year analysis from 2018 to 2028)

(Reference: statista.com)

• The average revenue per capita generated by the light bulbs and fittings market in 2023 resulted in USD 4.56 and is supposed to be USD 4.74 by 2024.
• In coming years, average revenue per capita is predicted to grow by 2025 (USD 4.89), 2026 (USD 5.0), 2027 (USD 5.12), and 2028 (USD 5.27).

Revenue Comparison by Countries

(Reference: statista.com)

• In 2024, revenue earned by the United States’ desktop market is expected to be the highest, resulting in USD 11.50 billion, with an annual growth of 2.23% CAGR from 2024 to 2028.

• The subsequent highest revenue generated and annual growth rate in the forecasted period by other countries are followed by China = USD 3.55 billion (10.12%), Germany = USD 2.81 billion (1.22%), the United Kingdom = USD 1.82 billion (3.52%), and France = USD 1.56 billion (0.95%).

Revenue Comparison by Regions

APAC

• As of 2024, the Asia-Pacific region’s light bulb industry is expected to reach USD 6.68 billion, with a revenue change of 5.9%.
• The annual market growth will grow by 6.86% CAGR from 2024 to 2028.
• The per-person revenue generated is estimated to be USD 1.56 in 2024.

EMEA

• In Europe, the Middle East, and Africa, revenue generated by the light bulbs market in 2024 will reach USD 15.62 billion with 6% of revenue change.
• The annual market growth rate will reach 2.79% CAGR from 2024 to 2028.
• Revenue generated per person is estimated to be USD 6.40.

LATAM

• In the Latin American region, the market revenue of light bulbs is expected to account for USD 2.01 billion by the end of 2024, with a revenue change of 4.9%.
• From 2024 to 2028, the annual market growth will grow at a CAGR of 4.09%.
• The average revenue generated per person in the market will result in up to USD 3.16.

MENA

• In the Middle East and North Africa, the expected revenue generated by the light bulbs market will be USD 1.77 billion by 2024, with a 4.2% revenue change.
• The annual market growth will grow at a CAGR of 4.2% from 2024 to 2028.
• As of 2024, revenue generated per person is estimated at USD 3.10.

The Lifespan of Light Bulbs

• Incandescent or traditional light bulbs have a shorter lifespan of 1000 hours only.
• Conversely, halogen light bulbs are more efficient than traditional ones, with a lifespan of approximately 2,000 hours.
• Compact fluorescent lamps have a much longer lifespan than the other two, which lasts from 8,000 hours to 20,000 hours.
• On the other hand, a 700-lumen LED light bulb can last for more than 25,000 hours.

Light Bulbs Comparison Chart

(Source: ledlightingsupply.com)

• LED light bulbs: Energy saving is 85% more than incandescent bulbs, bulb life is up to 20 years, instantly bright, mostly dimmable, and per year usage cost is USD 4.80.
• CFL light bulbs: 75% energy saving compared to incandescent, life span about 5 to 6 years, and usage cost is USD 6.28 per year.
• Halogen light bulbs: 28% energy saving compared to incandescent, life span is almost one year, and usage costs are USD 20.72 per year.

LED Light Bulb Statistics

(Source: globenewswire.com)

• As of 2023, the global LED light bulb market has accounted for USD 65.28 billion and is expected to reach above USD 128.15 billion by 2030, with a growth rate of 10.1% from 2023 to 2030.
• LED light bulbs generate extremely low heat emissions and use 90% of their energy consumption towards heat energy.
• These light bulbs are incredibly cost-effective and a worthwhile investment across the global lighting market in 2024.
• A 6-watt LED light bulb and a 40-watt incandescent light bulb produce equal light intensity.
• LED, with a lumen output of 900, only consumes 13 watts of energy.
• The LED bulb lumen output is expected to reach 132 lm/W and 142 lm/W by 2025 and 2030, respectively.
• Currently, available LED bulbs include CRI (color rendering index) ratings of 65-80 and warm CCT ratings of 2,700 Kelvin.

(Source: ledlightingsupply.com)

• As of 2030, using energy-efficient LED light bulbs will reduce the demand for global electricity by 30% to 40% worldwide.
• In the United States, installation of outdoor LED in 2025 will be 218 million units, 2030 (242 million units), and 2035 (256 million units).

CFL Light Bulb Statistics

(Source: zionmarketresearch.com)

• The compact fluorescent lighting market in 2030 is expected to reach USD 14.8 billion, and the market’s growth rate should grow at a CAGR of 9.5% from 2023 to 2030.
• CFL light bulbs require 75% less energy than other light bulbs.
• According to a report of Litelectronic 2023, they start at 50% light capacity and require at least 3 minutes to reach the whole illumination level.
• A currently available fluorescent light bulb includes CRI (color rendering index) ratings of 60 to 80, CCT (3,500 to 6,000 Kelvin), and poor color rendering.

Halogen Light Bulb Statistics

• The market size of automotive halogen bulbs accounted for USD 10.91 billion in 2023, and by 2024, the market will be 411.69 billion with a CAGR of 7.1%.
• According to a report published by Research and Market, in 2028, it will grow to USD 14.14 billion, and the annual growth rate will reach 4.9%.
• A currently available halogen light bulb includes CRI (color rendering index) ratings of 90 to 100, CCT (3,000 to 3,200 Kelvin), and a warm color.

Incandescent Light Bulb Statistics

• An incandescent light bulb includes warm color CCT (2,700 – 2,900 Kelvin) and color rendering CRI (90-100).
• In the United States of America, around 75% of households of all light fixtures use incandescent A19 light bulbs.
• People still prefer incandescent light bulbs because of their lower cost, quality, aesthetics, color, etc.
• Incandescent lamps convert only 15% to 30% of electrical energy into light, dissipating the rest as heat.
• As of 1 August 2023, the sale and manufacture of incandescent bulbs have been banned in the United States.

Light Bulb Shipment Statistics

• The import and export shipment of light bulbs worldwide is 368.4KK, with 26,021 buyers and 23,769 suppliers in 2023.
• Vietnam follows the top 3 importers of light bulb shipments (111,326 units), India (108,519 units), and the United States (52,363 units).
• Import product categories are HSN Code 94051090, HSN Code 94051099, and HSN Code 94052090.
• The top 3 exporters of light bulb shipments are followed by China (208,460 units), Vietnam (63,884 units), and India (16,569 units).
• Export product categories are HSN Code 94051090, HSN Code 94052090, and HSN Code 94051099.
• Global buyers of light bulb statistics by countries are followed by Vietnam (5924), India (5217), and the United States (3486).
• Global suppliers of light bulb statistics by countries are followed by China (9561), Vietnam (2083), and India (1506).

Conclusion

After completing the article on light bulb statistics, I learned that this market is revolutionizing due to technological advancements. LED light bulbs are among the best lamps globally as they don’t waste energy or save on electricity costs.

The market size of the light bulb industry is predicted to grow in the coming years with more leading features. I have included all market segment analyses in this article elaborately, and I hope all the above statistics will help you understand the topic effectively.