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Lighting Fixtures Market Size, Share, Development by 2024– Top Key players like Acuity Brands,Cooper Lighting,General Electric Company,Inc.
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A light fixture, light fitting, or luminaire is an electrical device that contains an electric lamp that provides illumination. All light fixtures have a fixture body and one or more lamps. The lamps may be in sockets for easy replacement—or, in the case of some LED fixtures, hard-wired in place.
A significant number of industries are currently in a transitory phase towards improving power consumption to work performed ratios. One of the core methods to reduce power consumption is through the implementation of modern and efficient lighting fixtures. As a result, industries switching over from incandescent and fluorescent lighting to modern LED lighting offer the biggest driver to lighting fixture producers.
Additional drivers include the booming construction industry and the overall increase in population and disposable income across the world and especially in emerging economies. There is, however, a high initial investment required for new entrants to the lighting fixture production business. At the same time, the multiple number of members involved in making an end-user purchase decision add to the complexity of the buying process, thereby restraint the growth rate of lighting fixture players to a certain extent.
The global Lighting Fixtures market was 16300 million US$ in 2017 and is expected to 26300 million US$ by the end of 2025, growing at a CAGR of 6.1% between 2018 and 2025.
Market Segment by Manufacturers, this report covers
Acuity Brands, Inc.
Cooper Lighting, LLC
General Electric Company
Hubbell Lighting, Inc.
Juno Lighting Group
Koninklijke Philips N.V.
LSI Industries Inc.
OSRAM Licht AG
Panasonic Corporation Eco Solution Company
Zumtobel Lighting GmbH
Market Segment by Type, covers
Ceiling, Pendant and Chandelier Lighting Fixtures
Wall Mounted Market Lighting Fixtures
Recessed Market Lighting Fixtures
Portable Market Lighting Fixtures
High Bay and Low Bay Lighting Fixtures
Others (Automotive, Aerospace and Machinery) Lighting Fixtures
Market Segment by Applications, can be divided into
Industrial and Commercial
Residential
Outdoor
Architectural
Others (Automotive, Aerospace and Machinery)
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Related Information:
North America Lighting Fixtures Market Growth 2019-2024
United States Lighting Fixtures Market Growth 2019-2024
Asia-Pacific Lighting Fixtures Market Growth 2019-2024
Europe Lighting Fixtures Market Growth 2019-2024
EMEA Lighting Fixtures Market Growth 2019-2024
Global Lighting Fixtures Market Growth 2019-2024
China Lighting Fixtures Market Growth 2019-2024
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