Brazil Lighting Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Brazil Lighting Market Growth

Over 5,000 municipalities in Brazil still rely on inefficient, outdated, mercury vapour or high-pressure sodium lamps for street lighting that emit dangerous noxious pollutants into the atmosphere. In 2022, the World Bank partnered with the Global Infrastructure Facility (GIF), and the International Finance Corporation to enable the Brazilian Government and CAIXA (a public sector bank of Brazil) to install LED streetlights in 15 Brazilian municipalities.

Aracaju, Belém, Feira de Santana, Franco da Rocha, Sapucaia do Sul, and Feira de Santana are receiving nearly USD 63 million for the installation of 224,000 new streetlights by the private sector. This is expected to benefit over 3 million people directly and will also increase Brazil lighting market value. The support provided by the GIF is expected to assist various stakeholders, including the CAIXA in developing a standard approach for structuring PPP transactions and increasing project preparation capacity to contribute to an increase in the number of transactions over time, while resulting in significant cost savings. This programme can also minimise the annual carbon emissions of Brazil by 21,500 tons.

Brazil aims to achieve 10% efficiency gains by 2030 in its electricity sector. The integration of LED lights with smart controls and management systems can lead to substantial energy savings of up to 80%. This is expected to drive the Brazil lighting market expansion in the forecast period.

Key Trends and Developments

Brazil Lighting Market Trends

In the forecast period, the adoption of human-centric lighting is expected to grow as it aligns with human biological rhythm, improves the mental and physical well-being of users, elevates sleeping quality, and reduces the symptoms of depression. Moreover, such lighting solutions create a supportive environment to foster collaboration, enhance productivity, and stimulate creativity, boosting their adoption in commercial spaces like offices.

Advancements in human-centric lighting aimed at increasing their efficiency while improving user experience is likely to aid the Brazil lighting market growth. The development of smart human-centric lighting solutions that deploy machine learning and artificial intelligence to make real-time adjustments based on energy consumption, environmental conditions, and human behaviour is further anticipated to revolutionise the market in the forecast period.

Brazil Lighting Industry Segmentation

Brazil Lighting Market Share

Based on region, the market is segmented into São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul. Bahia is projected to dominate the market, representing 11% of the overall market share. Over the forecast period, São Paulo is expected to grow at a CAGR of 7.2% as rapid technological advancements is accelerating the adoption of advanced lighting solutions in the region.

Leading Companies in the Brazil Lighting Market

UV disinfection lighting is expected to witness widespread adoption among healthcare facilities in Brazil. Therapeutic lighting is also expected to become popular in residential areas, due to its ability to promote human wellbeing by offering tailoured illumination. These factors are creating lucrative opportunities for Brazil lighting market players.

Signify N.V.

Signify N.V., headquartered in Eindhoven, Netherlands, was founded in 1891 and is recognised as a global leader in the lighting industry. Formerly known as Philips Lighting, the company specialises in energy-efficient lighting solutions, particularly through LED technology. It operates under several brands, including Philips, Philips Hue, and Interact.

Eaton Corporation Plc

Eaton Corporation Plc, established in 1911 and based in Dublin, Ireland, is a multinational power management c...

Luminate Group

Luminate Group, founded in 2017 and located in San Francisco, California, specialises in advanced lighting sol...

Alpha Lume

Alpha Lume is a lighting design and manufacturing company based in Los Angeles, California, founded in 2015. T...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the Brazil lighting market report are Iluctron Indústria Eletrônica Ltda., Brilanze/Boreal LED, Cia Do LED, and TFX Lighting, among others.