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From 2024–2031, the worldwide market for lighting fixtures is projected to grow from an initial valuation of USD 99.46 billion, a compound annual growth rate (CAGR) of 6.5%. We anticipate that the market will be driven by the rising demand for energy-efficient products in both the residential and commercial sectors in the coming years. The market for lighting fixtures is being driven by government programs that aim to reduce energy use.
Light fittings, also known as light fixtures, are electrical devices that hold lamps that emit light. A lamp socket serves as the holding component of a lighting fixture, while the fixture body is the main element of the fixture. Luminaires are light fixtures that use an electrical lamp. Electric ballast, reflectors, an aperture, and a protective casing for the electric lamp are additional components of a lighting fixture. Traditional incandescent light bulbs and fluorescent tubes gave way to more modern, energy-efficient options like light-emitting diode (LED) bulbs and fixtures.
Electric appliances that house lamps for illumination are known as lighting fixtures, light fittings, or luminaires. Houses, hotels, and offices can all benefit from well-designed lighting fixtures that serve both functional and aesthetic purposes. A fixture body and a light or lights make up every light fixture. Most electrical fixtures need to be hardwired into an electrical outlet to receive power. However, there are a few that operate on batteries, like camping or emergency lights. A wall outlet is used to connect permanent lighting fixtures directly, whereas portable lighting is connected to a wall outlet using a socket and cord. There are two main categories of light fixtures: permanent and portable/freestanding. A lamp is a portable light fixture. Table lamps and floor lamps are subcategories of table lamps, whereas recessed lights, surface-mounted lights, and ceiling dome lights are subcategories of permanent lighting fixtures.
The global demand for lighting fixtures has been driven up by the increasing rate of urbanization and infrastructural development. Reliable lighting solutions that may improve the appearance of residential, commercial, and industrial environments are in high demand due to the increasing urbanization. As a result, the value of the lighting fixtures market is anticipated to rise due to the increase in urbanization and infrastructure development. Demand for energy-efficient and aesthetically pleasing lighting fixtures in public spaces like cafes, hotels, and businesses is growing as cities develop and modernize. The expansion of infrastructure projects like airports, stadiums, and bridges also has a major effect on the worldwide lighting fittings market.
A worldwide economic downturn has resulted from the COVID-19 epidemic. Because of the worldwide lockdowns that were put in place to contain the coronavirus, trade suffered and firms all over the world had to close or reduce their workforce. Because of this, many people lost their employment and their salaries took a hit, bringing their living standards down even further. During the pandemic, people retreated from spending money on house improvements, office remodeling, and commercial sector lighting, leading to a slowdown in the worldwide lighting fittings industry.
An examination of the worldwide lighting fixtures market reveals that the Asia-Pacific region accounts for a lion's share of sales. Investments in the upgrading and beautifying of residential and commercial sites are on the rise due to the economic success of several Asia Pacific countries, including Japan, China, and India. Market growth in the Asia-Pacific region is expected to be boosted by these initiatives. The market is expected to have consistent growth in North America and Europe in the coming years, driven by consumers' eagerness to invest extensively on building decorations.
Report Coverage
Global Lighting Fixture research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Lighting Fixture report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Lighting Fixture competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Lighting Fixture market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Lighting Fixture market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Lighting Fixture market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Acuity Brands, Inc., Zumtobel Lighting GmbH, Cooper Lighting, LLC, Panasonic Corporation Eco Solutions Company, General Electric Company, OSRAM Licht AG, Koninklijke Philips N.V., LSI Industries Inc., Juno Lighting Group, Hubbell Lighting, Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Lighting Fixture market based on the below-mentioned segments:
Global Lighting Fixture Market, By Type
Chandeliers
Pendant Lighting
Ceiling
Wall Sconces
Desk, Floor & Table Lamps
Others
Global Lighting Fixture market, By Application
Residential
Commercial
Industrial
Global Lighting Fixture Market, By Distribution Channel
Online
Offline
Global Lighting Fixture market, Regional Analysis
Light fittings, also known as light fixtures, are electrical devices that hold lamps that emit light. A lamp socket serves as the holding component of a lighting fixture, while the fixture body is the main element of the fixture. Luminaires are light fixtures that use an electrical lamp. Electric ballast, reflectors, an aperture, and a protective casing for the electric lamp are additional components of a lighting fixture. Traditional incandescent light bulbs and fluorescent tubes gave way to more modern, energy-efficient options like light-emitting diode (LED) bulbs and fixtures.
Electric appliances that house lamps for illumination are known as lighting fixtures, light fittings, or luminaires. Houses, hotels, and offices can all benefit from well-designed lighting fixtures that serve both functional and aesthetic purposes. A fixture body and a light or lights make up every light fixture. Most electrical fixtures need to be hardwired into an electrical outlet to receive power. However, there are a few that operate on batteries, like camping or emergency lights. A wall outlet is used to connect permanent lighting fixtures directly, whereas portable lighting is connected to a wall outlet using a socket and cord. There are two main categories of light fixtures: permanent and portable/freestanding. A lamp is a portable light fixture. Table lamps and floor lamps are subcategories of table lamps, whereas recessed lights, surface-mounted lights, and ceiling dome lights are subcategories of permanent lighting fixtures.
The global demand for lighting fixtures has been driven up by the increasing rate of urbanization and infrastructural development. Reliable lighting solutions that may improve the appearance of residential, commercial, and industrial environments are in high demand due to the increasing urbanization. As a result, the value of the lighting fixtures market is anticipated to rise due to the increase in urbanization and infrastructure development. Demand for energy-efficient and aesthetically pleasing lighting fixtures in public spaces like cafes, hotels, and businesses is growing as cities develop and modernize. The expansion of infrastructure projects like airports, stadiums, and bridges also has a major effect on the worldwide lighting fittings market.
A worldwide economic downturn has resulted from the COVID-19 epidemic. Because of the worldwide lockdowns that were put in place to contain the coronavirus, trade suffered and firms all over the world had to close or reduce their workforce. Because of this, many people lost their employment and their salaries took a hit, bringing their living standards down even further. During the pandemic, people retreated from spending money on house improvements, office remodeling, and commercial sector lighting, leading to a slowdown in the worldwide lighting fittings industry.
An examination of the worldwide lighting fixtures market reveals that the Asia-Pacific region accounts for a lion's share of sales. Investments in the upgrading and beautifying of residential and commercial sites are on the rise due to the economic success of several Asia Pacific countries, including Japan, China, and India. Market growth in the Asia-Pacific region is expected to be boosted by these initiatives. The market is expected to have consistent growth in North America and Europe in the coming years, driven by consumers' eagerness to invest extensively on building decorations.
Report Coverage
Global Lighting Fixture research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Lighting Fixture report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Lighting Fixture competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Lighting Fixture market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Acuity Brands, Inc., Zumtobel Lighting GmbH, Cooper Lighting, LLC, Panasonic Corporation Eco Solutions Company, General Electric Company, OSRAM Licht AG, Koninklijke Philips N.V., LSI Industries Inc., Juno Lighting Group, Hubbell Lighting, Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Lighting Fixture Market from 2021 to 2031.
- Market Forecast for Lighting Fixture Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Lighting Fixture competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Lighting Fixture
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Lighting Fixture market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Lighting Fixture market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Acuity Brands, Inc., Zumtobel Lighting GmbH, Cooper Lighting, LLC, Panasonic Corporation Eco Solutions Company, General Electric Company, OSRAM Licht AG, Koninklijke Philips N.V., LSI Industries Inc., Juno Lighting Group, Hubbell Lighting, Inc.
Primary Target Market
- Market Players of Lighting Fixture
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Lighting Fixture market based on the below-mentioned segments:
Global Lighting Fixture Market, By Type
Chandeliers
Pendant Lighting
Ceiling
Wall Sconces
Desk, Floor & Table Lamps
Others
Global Lighting Fixture market, By Application
Residential
Commercial
Industrial
Global Lighting Fixture Market, By Distribution Channel
Online
Offline
Global Lighting Fixture market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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