Fairfield Market Research Lighting Fixture Market Expected to Reach US$233.6 Bn by 2030

Lighting Fixture Market

Global Lighting Fixture Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - (By Source Coverage, By Product Coverage, By Distribution Channel Coverage, By Application Coverage, By Geographic Coverage and By Company)

Published Date: Feb 2024 | Format: | No. of Pages: 190

Industry: Consumer Goods & Services


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Global Lighting Fixture Market Forecast

  • Global market for lighting fixtures worth US$125.3 Bn in 2022 to reach US$233.6 Bn by 2030
  • Lighting fixture market size likely to expand at a CAGR of 8.1% between 2023 and 2030

Lighting Fixture Market Snapshot, 2018 - 2030

Quick Report Digest

  1. The market for lighting fixtures is expected to grow due to the factors such rising government regulations requiring the use of energy-efficient technologies, rising OLED and LED adoption, and growing demand for energy-efficient lighting fixtures.
  2. The market for lighting fixtures is anticipated to increase due to consumers' growing preference for modernised household lighting and the real estate industry's rapid growth.
  3. Due to its advantages over incandescent bulbs, the fluorescent category dominated the market in 2022. Incandescent bulbs are no longer in use since they no longer use a metallic filament to produce light.
  4. In 2022, the ceiling category dominated the market. These items are the ones that are most frequently chosen for room illumination. By balancing the light of the room and making it seem bigger and brighter, they produce a pleasant mood.
  5. The segment of offline distribution channels held the biggest market share in 2022. There are many compatible lighting fixtures available, which encourages customers to buy products through offline channels.
  6. The largest percentage was held by the commercial segment in 2022. This can be attributed to the rising use of lighting fixtures in commercial settings including workplaces, warehouses, hospitals, and retail stores as well as the numerous advantages of using high-tech bulbs.
  7. The Asia-Pacific region is anticipated to account for the highest share of the global lighting fixture market because governments in emerging economies are supporting the use of energy-efficient lighting more and more. Additionally, China's government has enacted multiple laws regarding energy efficiency and environmental protection.
  8. North America will have the significant rate of growth in the lighting fixture market in the forecast period due to the increase in demand for home decor items like air purifiers, air conditioning, and smart lights with Bluetooth audio systems.

A Look Back and a Look Forward - Comparative Analysis

Rising customer demand for energy-efficient products and the replacement of traditional lighting with less expensive fixtures are driving the market's expansion. Additionally, the market is growing on account of millennial clients' increased adoption of the Internet of Things (IoT).

Furthermore, it is predicted that increasing urbanisation and rising state government spending in the electronics industry will make lighting fixtures more beneficial everywhere. Throughout the historical period of 2018-2022, the market had staggered growth. The growing focus on sustainability and energy efficiency was one of the key factors in the market's growth.

Additionally, the initial cost of energy-efficient lighting fixtures, including LED bulbs and fixtures, can be much greater for individual consumers than the older incandescent or fluorescent options. With this, market expansion was predicted to increase. A crucial factor in the market's expansion was also the emergence of smart lighting systems.

In the upcoming years, growing consumer demand for energy-efficient goods in the residential and commercial sectors is expected to propel the market. Government financing for energy-efficient initiatives is another factor driving the demand for lighting fixtures. In addition, consumers' growing preference for modernised household lighting is anticipated to increase demand for lighting fixtures, as is the real estate industry's rapid growth.

Lighting Fixture Market US$ Bn, 2018 - 2030

Key Growth Determinants

  • Rising Demand for Energy-efficient Solutions

LEDs are by far the best illumination option available globally. They are more affordable than more widely used substitutes like halogen and fluorescent lights. LED lights do not cause eye irritation because they have a lifespan of about 50,000 hours and are not particularly bright. Utilising LED lights, which are additionally energy-efficient, aids in the reduction of worldwide energy use.

Warehouses, residences, establishments, and governmental buildings are a few locations where LED lighting is used. Furthermore, most of the time, electricity is used to illuminate the streets and other public spaces in cities, towns, and villages all over the world.

A paradigm shift away from traditional lighting systems and toward connected LED technology is the key to energy and economic effectiveness in all lighting applications. Thus, this is boosting market expansion.

  • Increasing Adoption of Solar-powered Lights

Most of the market for lighting fixtures is made up of streetlights, then highway lighting, then other lighting for infrastructure. The importance of street lighting is demonstrated by the perils of poorly lit roads that might cause accidents. Highways and other roads work similarly.

Cities require outside lighting because changing lifestyles have altered nightlife. The use of solar-powered lighting is growing in popularity as a cost- and environment-friendly lighting solution. Furthermore, governments in many countries are giving corporations contracts to produce and install solar lights in any necessary locations. As a result of all these changes, the lighting sector is expanding.

  • Increasing Demand from Hospitality Sector

Lighting fixtures are in greater demand, especially in the hospitality sector, as people are more aware of their benefits. For their customers' aesthetic and ambiance, hotel and restaurant owners spend money on lighting fixtures.

Additionally, a prominent factor projected to fuel the growth of the worldwide lighting fixtures market is the rising use of decorative lighting in hotels, restaurants, enterprises, residences, and other settings of a like kind. Intricate lighting fixtures are increasingly in demand for landscape lighting applications.

The global market for lighting fixtures is expanding because of the consumer appeal that ENERGY STAR-certified LED lighting solutions have gained in both developed and emerging markets.

Major Growth Barriers

  • High Costs Associated with Lighting Fixtures

Compared to more conventional lighting solutions, energy-efficient lighting fixtures, such as those using LED technology, sometimes have greater upfront costs. For certain customers and businesses, the upfront cost may be a deterrent to adoption.

In addition, the initial cost of energy-efficient lighting fixtures, including LED bulbs and fixtures, can be much greater for individual consumers than the older incandescent or fluorescent options. As a result, the market growth will be hampered.

  • Complicated Purchase Decisions

During the projection period, it is expected that the market expansion in the lighting fixtures sector may be constrained by complicated purchase decisions allegations. The choice to buy lighting fixtures is not made solely by end users, despite the involvement of many other professions, such as architects, lighting designers, and electrical engineers.

The involvement of several professionals has increased the complexity of the purchasing process, which in turn has restricted the growth of the lighting fittings industry.

Key Trends and Opportunities to Look at

  1. Rising Demand for LED Lighting Modules in Commercial Sector

The commercial sector is adopting lighting fixtures more frequently, particularly LED light modules. Demand for lighting fixtures is predicted to be fuelled by aesthetic appeal and the capacity to improve a location's overall ambiance.

Additionally, LED lights consume 80% less energy than traditional lights like incandescent and fluorescent bulbs. LED bulbs don't have any harmful materials like fluorescent bulbs do. These reasons are causing people to move from traditional lights to LEDs.

  1. Growing Adoption of Smart LED Lighting

The next big thing in smart home projects is going to be connected and intelligent LED lighting. The industry's shift from analogue to digital technology allows users to test, control, and keep an eye on light efficiency.

The demand of contemporary consumers will be met via wireless lights, dimmers, and control devices equipped with cutting-edge sensors. Wi-Fi-connected smart bulbs use Internet of Things (IoT) technology to regulate the temperature, brightness, and many colour options.

  1. Increased Adoption of Fluorescent Lamps

Lighting fixtures made for incandescent bulbs can use fluorescent lamps as well. For recessed fixtures like table lamps, ceiling lights, and wall-mounted lighting, they come in a variety of sizes and designs.

Compact fluorescent lamps (CFLs) that work with three-way lamps and dimmer switches are being developed by several industry firms. In recent years, demand for lighting fixtures has increased due to compatibility, brightness, and greater light quality.

Lighting Fixture Market DROs

How Does the Regulatory Scenario Shape this Industry?

The market for lighting fixtures is significantly shaped by the regulatory environment. Lighting fixtures are frequently required to meet minimum energy efficiency criteria mandated by laws and standards. These requirements promote the use of LEDs and other energy-efficient lighting systems.

Manufacturers and customers are obligated to give energy-efficient lighting options top priority as a result. Regulations may also include requirements for lighting quality, ensuring that lights satisfy desired performance standards for things like colour rendering, flicker reduction, and other things that affect user comfort and safety.

Fairfield’s Ranking Board

Top Segments

  1. Fluorescent Category Continues to Dominate Over LED & OLED

The fluorescent segment dominated the market in 2022 due to its superior qualities to incandescent bulbs. Since incandescent bulbs produce light from a metallic filament, they are no longer in use. Fluorescent lamps, on the other hand, use gas instead of electricity to produce light, requiring less power.

As a result, the fluorescent lamp segment has the highest share due to its extended lifespan, high energy efficiency, and low price. Moreover, compact fluorescent lamps (CFLs) with dimmer switches are being created by multiple number of manufacturers for usage in three-way lighting. The demand for fluorescent light fixtures has increased recently due to its compatibility, brightness, and higher quality of light.

The LED & OLED category is expected to grow significantly over the forecast period because more people are using energy-efficient products. The demand for LED lighting fixtures is increasing because of government laws phasing out conventional bulbs, and lamps.

Market participants in this sector are working to grow the LED lighting market. Furthermore, some of the causes influencing the growth include the rising use of LED lighting fixtures, new product development, and innovations like smart lighting that can connect to other smart devices via IoT technology.

  1. Ceiling Segment Spearheads Demand Generation

In 2022, the ceiling category dominated the market, and it is predicted to grow significantly over the course of the forecast period due to the widespread usage of interior illumination in homes, hospitals, workplaces, malls, and educational institutions.

In the interior and outdoor spaces, wall-mounted and ceiling light fixtures produce a lovely and brighter ambiance. The expansion of the wall-mounted segment has been aided by the availability of many designs of wall-mounted lighting fixtures for both commercial and residential settings.

Furthermore, the pendant & chandeliers category is expected to expand significantly. The production of chandeliers with a rich, exquisite appearance and fine material quality, as well as the expanding trend to tailor products to the environment, are driving the growth of this market. The demand for chandelier light fixtures is also rising as more appealing designs and reasonable costs emerge.

  1. Offline Sales Continue to Surge Ahead

The offline sales channel holds a majority of the market share because installation instructions for light fixtures are provided in detail, which also aids in selecting high-quality products. Determining the purchasing power and interest of customers in a certain goods is facilitated by the offline channel.

During the forecast period, the online category is expected to grow at the quickest CAGR due to the abundance of product offers and expanding e-commerce in nations including the US, Germany, the UK, China, and Japan. The availability of a large variety of products and the rising popularity of smart devices are expected to contribute to a growth in the online portal's sales of lighting fixtures in the coming years.

  1. Commercial Application Dominant

In 2022, the commercial segment had the biggest share. This is a result of the increased usage of lighting fixtures in offices, warehouses, medical facilities, and retail establishments, in addition to the many advantages of switching to high-tech lighting.

In addition, the growth of smart city development projects and government backing for energy-efficient goods are driving increasing demand for commercial lighting fixtures.

The residential category is expected to expand at the highest CAGR during the projected period due to the growing usage of LED bulbs as a replacement to incandescent and fluorescent lights for home décor.

The increasing popularity of smart lighting fixtures with cutting-edge features like comfort dimming and smart device compatibility is also driving the need for lighting fixtures in smart home projects.

Regional Frontrunners

Asia Pacific Tops as Energy-efficient Lighting Gains Traction

The region with the biggest market share for lighting fixture is expected to be Asia Pacific during that forecast period due to the expanding level of governmental support for the wide-scale adoption of energy-efficient lighting systems in developing nations.

Notably, the Indian government launched the Domestic Efficient Lighting Programs (DELP) project, which aimed to switch out conventional incandescent and CFL lighting for more energy-efficient LED lighting. The market share of India has thus greatly increased after the launch of this campaign.

Additionally, businesses in the Asia Pacific area have made significant investments in upgrading their facilities, including hospitals, retail stores, educational institutions, salons, malls, and warehouses. By creating bright, inviting places, these investments hope to draw in customers. It has increased demand for lighting equipment that uses little energy.

Lighting Fixture Regional Outlook, 2018 - 2030

Market Picks Pace in North America in Line with Penetration of Wireless Fixtures

The market for lighting fixture is expanding at the fastest rate in North America, which presents a significant opportunity for the industry fuelled by the expanding demand for wireless lighting equipment.

To take advantage of its many benefits, including long-distance control, energy efficiency, programmability, and an extended lifespan, significant corporations in North America are actively developing wireless lighting fixtures. The market's expansion is therefore predicted to be fuelled by the rising demand for wireless lighting fixtures.

The industry will also be fuelled by the growing usage of digital workplaces for efficient, affordable, and customisable working spaces. Moreover, the market's income contribution has increased dramatically over the past several years, because of growing government programs and increased awareness about the need to conserve energy.

North America Lighting Fixture Market, by Distribution Channel, 2018 - 2030, US$ Bn

Fairfield’s Competitive Landscape Analysis

In the lighting fixture industry, there are a lot of prospects for suppliers, including smart lighting fixtures and government initiatives that should help them expand internationally. To enhance both the quality of the product and the customer experience, major market players are incorporating the newest technology into their product upgrades.

Who are the Leaders in Global Lighting Fixture Space?

  • Everlight Electronics Co., Ltd.
  • Siemens
  • General Electric
  • Koninklijke Philips N.V.
  • Cree Inc.
  • Hubbell Lighting, Inc.
  • Acuity Brands, Inc.
  • Eaton Corporation
  • Panasonic Corporation
  • OSRAM Licht AG
  • Nichia Corporation
  • Zumtobel Lighting GmbH
  • LSI Industries Inc.
  • Juno Lighting Group
  • Cooper Lighting

Key Company Developments

New Product Launches

  • February 2023: A 5G BrightSites solution for the future smart city project of the German Municipality using smart streetlights was introduced by the lighting technology company Signify. In the next period, the widespread shift to low-voltage infrastructure and the growing use of LED luminaires and lighting fixtures will also boost the global market share.
  • June 2022: Helvar, a provider of energy-efficient lighting solutions, unveiled the ActiveAhead Generation 2 wireless system, which is intelligent and scalable. The second generation of ActiveAhead may be connected to cloud services and employs a clever Al algorithm to understand how much space is being used.
  • March 2019: LED wall lamps and chandeliers were first offered in India by the German business Windfall. These lighting fixtures produce effective, quiet, and warm lighting. Minor differences offered by the chandeliers include choices for direct switches or dimmers, chain hanging, and a variety of finishes and materials.

Collaboration

  • October 2021: Hubbell Inc. sold GE Current, a Daintree firm, its industrial and commercial lighting division. To create a more focused Hubbell portfolio, Hubbell Inc. will benefit from this strategic cooperation.

An Expert’s Eye

Demand and Future Growth

The market is expanding with the rising consumer demand for energy-efficient products and the substitution of conventional lighting for less expensive fixtures. Additionally, the industry is expanding owing to the Internet of Things (IoT) becoming more widely adopted by customers in the millennial generation.

Furthermore, it is anticipated that rising state government investment in the electronics sector and quick urbanisation would increase the usefulness of lighting fixtures around the world.

Supply Side of the Market

According to our analysis, one of the world's biggest sources of lighting fixtures has been China. The nation is a prominent force in the market due to its robust industrial capacities, cost efficiency, and production infrastructure. China has a sizable and extraordinarily effective manufacturing infrastructure. As a result, lighting fixtures may be produced in large quantities and at minimal cost.

Additionally, China's efficient labour force and economies of scale help to reduce production costs, which appeals to buyers and companies all over the world. In addition, China has been a significant producer of LED lighting and components. The nation's dominance in LED technology has significantly influenced the switchover of the global lighting sector to energy-efficient lighting solutions.

Global Lighting Fixture Market is Segmented as Below:

By Source

  • Incandescent
  • Fluorescent
  • LED & OLED

By Product

  • Ceiling
  • Pendant & Chandeliers
  • Wall Mounted
  • Portable
  • Others

By Distribution Channel

  • Offline
  • Online

By Application

  • Residential
  • Commercial

By Geographic Coverage:

  • North America 
    • U.S. 
    • Canada 
  • Europe 
    • Germany
    • U.K.
    • France
    • Italy
    • Turkey
    • Russia
    • Rest of Europe 
  • Asia Pacific 
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America 
    • Brazil 
    • Mexico 
    • Argentina
    • Rest of Latin America 
  • Middle East & Africa  
    • GCC 
    • South Africa
    • Egypt
    • Nigeria
    • Rest of Middle East & Africa

1. Executive Summary
    1.1. Global Lighting Fixture Market Snapshot
    1.2. Future Projections
    1.3. Key Market Trends
    1.4. Regional Snapshot, by Value, 2022
    1.5. Analyst Recommendations

2. Market Overview
    2.1. Market Definitions and Segmentations
    2.2. Market Dynamics
           2.2.1. Drivers
           2.2.2. Restraints
           2.2.3. Market Opportunities
    2.3. Value Chain Analysis
    2.4. Porter’s Five Forces Analysis
    2.5. COVID-19 Impact Analysis
    2.5.1. Supply
           2.5.2. Demand
    2.6. Impact of Ukraine-Russia Conflict
    2.7. Economic Overview
           2.7.1. World Economic Projections
    2.8. PESTLE Analysis

3. Global Lighting Fixture Market Outlook, 2018 - 2030
    3.1. Global Lighting Fixture Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
           3.1.1. Key Highlights
                 3.1.1.1. Incandescent
                 3.1.1.2. Fluorescent
                 3.1.1.3. LED & OLED
    3.2. Global Lighting Fixture Market Outlook, by Product, Value (US$ Bn), 2018 - 2030
           3.2.1. Key Highlights
                 3.2.1.1. Ceiling
                 3.2.1.2. Pendant & Chandeliers
                 3.2.1.3. Wall Mounted
                 3.2.1.4. Portable
                 3.2.1.5. Others
    3.3. Global Lighting Fixture Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           3.3.1. Key Highlights
                 3.3.1.1. Residential
                 3.3.1.2. Commercial
    3.4. Global Lighting Fixture Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2030
           3.4.1. Key Highlights Snacks
                 3.4.1.1. Online
                 3.4.1.2. Offline
    3.5. Global Lighting Fixture Market Outlook, by Region, Value (US$ Bn), 2018 - 2030
           3.5.1. Key Highlights
                 3.5.1.1. North America
                 3.5.1.2. Europe
                 3.5.1.3. Asia Pacific
                 3.5.1.4. Latin America
                 3.5.1.5. Middle East & Africa

4. North America Lighting Fixture Market Outlook, 2018 - 2030
    4.1. North America Lighting Fixture Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
           4.1.1. Key Highlights
                 4.1.1.1. Incandescent
                 4.1.1.2. Fluorescent
                 4.1.1.3. LED & OLED
    4.2. North America Lighting Fixture Market Outlook, by Product, Value (US$ Bn), 2018 - 2030
           4.2.1. Key Highlights
                 4.2.1.1. Ceiling
                 4.2.1.2. Pendant & Chandeliers
                 4.2.1.3. Wall Mounted
                 4.2.1.4. Portable
                 4.2.1.5. Others
    4.3. North America Lighting Fixture Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           4.3.1. Key Highlights
                 4.3.1.1. Residential
                 4.3.1.2. Commercial
                 4.3.1.3. Traditional Medicine Practitioners
    4.4. North America Lighting Fixture Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2030
           4.4.1. Key Highlights
                 4.4.1.1. Online
                 4.4.1.2. Offline
           4.4.2. BPS Analysis/Market Attractiveness Analysis
    4.5. North America Lighting Fixture Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           4.5.1. Key Highlights
                 4.5.1.1. U.S. Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 4.5.1.2. U.S. Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 4.5.1.3. U.S. Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 4.5.1.4. U.S. Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 4.5.1.5. Canada Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 4.5.1.6. Canada Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 4.5.1.7. Canada Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 4.5.1.8. Canada Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
           4.5.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Lighting Fixture Market Outlook, 2018 - 2030
    5.1. Europe Lighting Fixture Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
           5.1.1. Key Highlights
                 5.1.1.1. Incandescent
                 5.1.1.2. Fluorescent
                 5.1.1.3. LED & OLED
    5.2. Europe Lighting Fixture Market Outlook, by Product, Value (US$ Bn), 2018 - 2030
           5.2.1. Key Highlights
                 5.2.1.1. Ceiling
                 5.2.1.2. Pendant & Chandeliers
                 5.2.1.3. Wall Mounted
                 5.2.1.4. Portable
                 5.2.1.5. Others
    5.3. Europe Lighting Fixture Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           5.3.1. Key Highlights
                 5.3.1.1. Residential
                 5.3.1.2. Commercial
                 5.3.1.3. Traditional Medicine Practitioners
    5.4. Europe Lighting Fixture Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2030
           5.4.1. Key Highlights
                 5.4.1.1. Online
                 5.4.1.2. Offline
           5.4.2. BPS Analysis/Market Attractiveness Analysis
    5.5. Europe Lighting Fixture Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           5.5.1. Key Highlights
                 5.5.1.1. Germany Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 5.5.1.2. Germany Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 5.5.1.3. Germany Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 5.5.1.4. Germany Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 5.5.1.5. U.K. Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 5.5.1.6. U.K. Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 5.5.1.7. U.K. Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 5.5.1.8. U.K. Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 5.5.1.9. France Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 5.5.1.10. France Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 5.5.1.11. France Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 5.5.1.12. France Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 5.5.1.13. Italy Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 5.5.1.14. Italy Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 5.5.1.15. Italy Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 5.5.1.16. Italy Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 5.5.1.17. Turkey Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 5.5.1.18. Turkey Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 5.5.1.19. Turkey Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 5.5.1.20. Turkey Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 5.5.1.21. Russia Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 5.5.1.22. Russia Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 5.5.1.23. Russia Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 5.5.1.24. Russia Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 5.5.1.25. Rest of Europe Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 5.5.1.26. Rest of Europe Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 5.5.1.27. Rest of Europe Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 5.5.1.28. Rest of Europe Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
           5.5.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Lighting Fixture Market Outlook, 2018 - 2030
    6.1. Asia Pacific Lighting Fixture Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
           6.1.1. Key Highlights
                 6.1.1.1. Incandescent
                 6.1.1.2. Fluorescent
                 6.1.1.3. LED & OLED
    6.2. Asia Pacific Lighting Fixture Market Outlook, by Product, Value (US$ Bn), 2018 - 2030
           6.2.1. Key Highlights
                 6.2.1.1. Ceiling
                 6.2.1.2. Pendant & Chandeliers
                 6.2.1.3. Wall Mounted
                 6.2.1.4. Portable
                 6.2.1.5. Others
    6.3. Asia Pacific Lighting Fixture Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           6.3.1. Key Highlights
                 6.3.1.1. Residential
                 6.3.1.2. Commercial
                 6.3.1.3. Traditional Medicine Practitioners
    6.4. Asia Pacific Lighting Fixture Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2030
           6.4.1. Key Highlights
                 6.4.1.1. Online
                 6.4.1.2. Offline
           6.4.2. BPS Analysis/Market Attractiveness Analysis
    6.5. Asia Pacific Lighting Fixture Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           6.5.1. Key Highlights
                 6.5.1.1. China Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 6.5.1.2. China Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 6.5.1.3. China Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 6.5.1.4. China Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 6.5.1.5. Japan Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 6.5.1.6. Japan Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 6.5.1.7. Japan Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 6.5.1.8. Japan Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 6.5.1.9. South Korea Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 6.5.1.10. South Korea Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 6.5.1.11. South Korea Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 6.5.1.12. South Korea Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 6.5.1.13. India Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 6.5.1.14. India Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 6.5.1.15. India Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 6.5.1.16. India Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 6.5.1.17. Southeast Asia Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 6.5.1.18. Southeast Asia Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 6.5.1.19. Southeast Asia Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 6.5.1.20. Southeast Asia Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 6.5.1.21. Rest of Asia Pacific Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 6.5.1.22. Rest of Asia Pacific Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 6.5.1.23. Rest of Asia Pacific Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 6.5.1.24. Rest of Asia Pacific Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
           6.5.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Lighting Fixture Market Outlook, 2018 - 2030
    7.1. Latin America Lighting Fixture Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
           7.1.1. Key Highlights
                 7.1.1.1. Incandescent
                 7.1.1.2. Fluorescent
                 7.1.1.3. LED & OLED
    7.2. Latin America Lighting Fixture Market Outlook, by Product, Value (US$ Bn), 2018 - 2030
           7.2.1. Key Highlights
                 7.2.1.1. Ceiling
                 7.2.1.2. Pendant & Chandeliers
                 7.2.1.3. Wall Mounted
                 7.2.1.4. Portable
                 7.2.1.5. Others
    7.3. Latin America Lighting Fixture Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           7.3.1. Key Highlights
                 7.3.1.1. Residential
                 7.3.1.2. Commercial
                 7.3.1.3. Traditional Medicine Practitioners
    7.4. Latin America Lighting Fixture Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2030
           7.4.1. Key Highlights
                 7.4.1.1. Online
                 7.4.1.2. Offline
           7.4.2. BPS Analysis/Market Attractiveness Analysis
    7.5. Latin America Lighting Fixture Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           7.5.1. Key Highlights
                 7.5.1.1. Brazil Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 7.5.1.2. Brazil Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 7.5.1.3. Brazil Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 7.5.1.4. Brazil Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 7.5.1.5. Mexico Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 7.5.1.6. Mexico Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 7.5.1.7. Mexico Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 7.5.1.8. Mexico Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 7.5.1.9. Argentina Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 7.5.1.10. Argentina Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 7.5.1.11. Argentina Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 7.5.1.12. Argentina Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 7.5.1.13. Rest of Latin America Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 7.5.1.14. Rest of Latin America Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 7.5.1.15. Rest of Latin America Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 7.5.1.16. Rest of Latin America Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
           7.5.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Lighting Fixture Market Outlook, 2018 - 2030
    8.1. Middle East & Africa Lighting Fixture Market Outlook, by Source, Value (US$ Bn), 2018 - 2030
           8.1.1. Key Highlights
                 8.1.1.1. Incandescent
                 8.1.1.2. Fluorescent
                 8.1.1.3. LED & OLED
    8.2. Middle East & Africa Lighting Fixture Market Outlook, by Product, Value (US$ Bn), 2018 - 2030
           8.2.1. Key Highlights
                 8.2.1.1. Ceiling
                 8.2.1.2. Pendant & Chandeliers
                 8.2.1.3. Wall Mounted
                 8.2.1.4. Portable
                 8.2.1.5. Others
    8.3. Middle East & Africa Lighting Fixture Market Outlook, by Application, Value (US$ Bn), 2018 - 2030
           8.3.1. Key Highlights
                 8.3.1.1. Residential
                 8.3.1.2. Commercial
                 8.3.1.3. Traditional Medicine Practitioners
    8.4. Middle East & Africa Lighting Fixture Market Outlook, by Distribution Channel, Value (US$ Bn), 2018 - 2030
           8.4.1. Key Highlights
                 8.4.1.1. Online
                 8.4.1.2. Offline
           8.4.2. BPS Analysis/Market Attractiveness Analysis
    8.5. Middle East & Africa Lighting Fixture Market Outlook, by Country, Value (US$ Bn), 2018 - 2030
           8.5.1. Key Highlights
                 8.5.1.1. GCC Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 8.5.1.2. GCC Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 8.5.1.3. GCC Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 8.5.1.4. GCC Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 8.5.1.5. South Africa Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 8.5.1.6. South Africa Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 8.5.1.7. South Africa Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 8.5.1.8. South Africa Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 8.5.1.9. Egypt Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 8.5.1.10. Egypt Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 8.5.1.11. Egypt Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 8.5.1.12. Egypt Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 8.5.1.13. Nigeria Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 8.5.1.14. Nigeria Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 8.5.1.15. Nigeria Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 8.5.1.16. Nigeria Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
                 8.5.1.17. Rest of Middle East & Africa Lighting Fixture Market by Source, Value (US$ Bn), 2018 - 2030
                 8.5.1.18. Rest of Middle East & Africa Lighting Fixture Market Product, Value (US$ Bn), 2018 - 2030
                 8.5.1.19. Rest of Middle East & Africa Lighting Fixture Market Application, Value (US$ Bn), 2018 - 2030
                 8.5.1.20. Rest of Middle East & Africa Lighting Fixture Market Distribution Channel, Value (US$ Bn), 2018 - 2030
           8.5.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
    9.1. Product vs Application Heatmap
    9.2. Manufacturer vs Application Heatmap
    9.3. Company Market Share Analysis, 2022
    9.4. Competitive Dashboard
    9.5. Company Profiles
           9.5.1. Everlight Electronics Co., Ltd.
                 9.5.1.1. Company Overview
                 9.5.1.2. Product Portfolio
                 9.5.1.3. Financial Overview
                 9.5.1.4. Business Strategies and Development
           9.5.2. Siemens
                 9.5.2.1. Company Overview
                 9.5.2.2. Product Portfolio
                 9.5.2.3. Financial Overview
                 9.5.2.4. Business Strategies and Development
           9.5.3. General Electric
                 9.5.3.1. Company Overview
                 9.5.3.2. Product Portfolio
                 9.5.3.3. Financial Overview
                 9.5.3.4. Business Strategies and Development
           9.5.4. Koninklijke Philips N.V.
                 9.5.4.1. Company Overview
                 9.5.4.2. Product Portfolio
                 9.5.4.3. Financial Overview
                 9.5.4.4. Business Strategies and Development
           9.5.5. Cree Inc.
                 9.5.5.1. Company Overview
                 9.5.5.2. Product Portfolio
                 9.5.5.3. Financial Overview
                 9.5.5.4. Business Strategies and Development
           9.5.6. Hubbell Lighting, Inc.
                 9.5.6.1. Company Overview
                 9.5.6.2. Product Portfolio
                 9.5.6.3. Financial Overview
                 9.5.6.4. Business Strategies and Development
           9.5.7. Acuity Brands, Inc.
                 9.5.7.1. Company Overview
                 9.5.7.2. Product Portfolio
                 9.5.7.3. Financial Overview
                 9.5.7.4. Business Strategies and Development
           9.5.8. Eaton Corporation
                 9.5.8.1. Company Overview
                 9.5.8.2. Product Portfolio
                 9.5.8.3. Financial Overview
                 9.5.8.4. Business Strategies and Development
           9.5.9. Panasonic Corporation
                 9.5.9.1. Company Overview
                 9.5.9.2. Product Portfolio
                 9.5.9.3. Financial Overview
                 9.5.9.4. Business Strategies and Development
           9.5.10. OSRAM Licht AG
                 9.5.10.1. Company Overview
                 9.5.10.2. Product Portfolio
                 9.5.10.3. Financial Overview
                 9.5.10.4. Business Strategies and Development
           9.5.11. Nichia Corporation
                 9.5.11.1. Company Overview
                 9.5.11.2. Product Portfolio
                 9.5.11.3. Financial Overview
                 9.5.11.4. Business Strategies and Development
           9.5.12. LSI Industries Inc.
                 9.5.12.1. Company Overview
                 9.5.12.2. Product Portfolio
                 9.5.12.3. Financial Overview
                 9.5.12.4. Business Strategies and Development
           9.5.13. Zumtobel Lighting GmbH
                 9.5.13.1. Company Overview
                 9.5.13.2. Product Portfolio
                 9.5.13.3. Financial Overview
                 9.5.13.4. Business Strategies and Development
           9.5.14. Juno Lighting Group
                 9.5.14.1. Company Overview
                 9.5.14.2. Product Portfolio
                 9.5.14.3. Financial Overview
                 9.5.14.4. Business Strategies and Development
           9.5.15. Cooper Lighting
                 9.5.15.1. Company Overview
                 9.5.15.2. Product Portfolio
                 9.5.15.3. Financial Overview
                 9.5.15.4. Business Strategies and Development

10. Appendix
    10.1. Research Methodology
    10.2. Report Assumptions
    10.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2022

 

2018 - 2022

2023 - 2030

Value: US$ Million

 

REPORT FEATURES

DETAILS

Source Coverage

  • Incandescent
  • Fluorescent
  • LED & OLED

Product Coverage

  • Ceiling
  • Pendant & Chandeliers
  • Wall Mounted
  • Portable
  • Others

Distribution Channel Coverage

  • Offline
  • Online

Application Coverage

  • Residential
  • Commercial

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of EU
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • Middles East & Africa
    • GCC Countries 
    • South Africa 
    • Rest of Middle East & Africa

Leading Companies

  • Everlight Electronics Co., Ltd.
  • Siemens
  • General Electric
  • Koninklijke Philips N.V.
  • Cree Inc.
  • Hubbell Lighting, Inc.
  • Acuity Brands, Inc.
  • Eaton Corporation
  • Panasonic Corporation
  • OSRAM Licht AG
  • Nichia Corporation
  • Zumtobel Lighting GmbH
  • LSI Industries Inc.
  • Juno Lighting Group
  • Cooper Lighting 

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2021), Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

FAQs : Lighting Fixture Market

Smart technology integration in lighting fixtures allows for remote control, energy efficiency, and customisation. Businesses can capitalise on the growing demand for smart lighting solutions, offering enhanced user experiences and energy-saving options.

Evolving consumer preferences towards aesthetics, functionality, and energy efficiency are driving innovation. Businesses need to focus on designing aesthetically pleasing fixtures with smart features while ensuring energy efficiency to stay competitive in the dynamic lighting market.

Lighting fixture businesses can contribute to smart cities by integrating IoT technology for intelligent lighting solutions. Challenges include interoperability issues and the need for robust cybersecurity measures. Adapting to these challenges positions businesses as key players in the transformation of urban infrastructure.

Sustainability is a key driver, prompting businesses to adopt energy-efficient materials and design practices. Companies can align by incorporating eco-friendly materials, promoting recyclability, and emphasizing energy-efficient lighting solutions to meet the increasing consumer demand for sustainable products.

Traditional manufacturers can leverage e-commerce by establishing online platforms, partnering with e-commerce giants, and optimizing their supply chains. Embracing digital marketing and offering direct-to-consumer sales channels will enable them to reach a wider global audience and stay competitive.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
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