Global Lighting Fixture Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global lighting fixture market in its upcoming report titled, “Global Lighting Fixture Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global lighting fixture market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global lighting fixture market report has been segmented on the basis of product type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Lighting fixture also called as light fitting, or luminaire is an electronic device, which is attached to wall or ceiling to create an artificial light. Increasing preference towards energy saving infrastructure is a key factor expected to drive growth of the global market over the forecast period. In addition, rising investments in smart city projects to develop smart buildings is another factor expected to further fuel growth of the target market. Furthermore, changing life style, trend, and fashion in lighting industry and increasing adoption of newly launch lighting product are other factors expected to boost growth of this market in the near future. Moreover, increasing adoption of decorative lighting applications in home, hotel, restaurants, and offices are other factors expected to propel growth of the target market over the forecast period.
Ongoing trend observed in the target market is increasing consumer preference towards replacing old technology with new technology and this trend is expected to continue during the forecast period.
Growing integration of modern lighting solutions with Internet of Things is expected to create lucrative opportunities for players operating in the target market over the forecast period.
The market in Asia Pacific is expected to dominate the target market in terms of revenue over the forecast period, owing to growing construction industry and increasing government initiatives to use lighting fixture in smart city projects for building infrastructure in developing countries in this region. In addition, the market in North America followed by Europe is expected to register sluggish growth for the target market in terms of revenue over the forecast period, owing to increasing inclination towards replacing traditional lighting system with modern lighting fixtures in various countries in these regions.
Global lighting fixture market segmentation:
Segmentation by product type:
- Ceiling, Pendant & Chandelier Lighting Fixtures
- Wall Mounted Lighting Fixtures
- Recessed Lighting Fixtures
- Portable Lighting Fixtures
- High Bay, and Low Bay Lighting Fixtures
- Others (Emergency lighting, Track lighting, and Fan)
Segmentation by application:
- Industrial and commercial
- Others (automotive, aerospace, and machinery)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Koninklijke Philips N.V.
- Acuity Brands, Inc.
- Hubbel Lighting, Inc.
- Cooper Lighting, LLC
- Zumtobel Lighting Inc.
- LSI Industries Inc.
- Juno Lighting, LLC
- Bajaj Electricals Ltd.
- GE Lighting, LLC
- Cree LED Lighting Solutions, Inc.
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