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Lighting Fixtures Market to Witness a Pronounce Growth During 2018-2028 With Top Key Players - Hubbell Lighting, Inc.,GE Lighting, LLC,OSRAM Licht AG,Royal Philips NV,Acuity Brands Lighting, Inc,ATG Electronics,Panasonic Corporation

07-05-2019 04:18 PM CET | IT, New Media & Software

Press release from: persistencemarketresearch.com

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Lighting Fixtures Market

Lighting Fixtures Market

Increasing government support for lighting projects and increasing demand for LED lights are the new trends that contribute to the growth of the global lighting fixtures market

Due to increase in government spending on smart cities and emergence of smart cities concept together lead to surge in demand for construction of smart building. Therefore increase in need for smart building is anticipated to increase demand for energy saving infrastructure such as LED lighting fixture, which leads to growth of lighting fixture market globally. With rapid changing style, appearances, trend and fashion in lighting industry, consumers with high disposable incomes are switching and replacing lighting products to adopt newly launch lighting product, which leads to unnecessary dumping of working lighting products, owing to which the concept of refurbished lighting fixture market is trending currently.

With rising benefits of LED lighting, old metal halide fixture are being replaced by LED lighting fixture to attain better lighting effects, cost saving amount and to promote energy saving products. Replacing old technology with new technology is a key trend adopted by indoor and outdoor lighting fixture that fuels the growth of the global lighting fixture market. Another growing trend in the LED lighting space is the concept of smart lighting. An increasing number of enterprises are adopting smart lighting solutions. These smart lighting solutions in conjunction with LEDs, offer about 30% energy saving.

Government of the respective regions are focusing on initiating various lighting projects, which are anticipated to propel the growth of lighting fixture infrastructure. The lighting project focuses on electrifying the rural part of the regions particularly villages in MEA region and putting emphasis on eradicating traditional lighting product such as kerosene-based lighting products to reduce the negative effect of traditional lighting product on human health are the major factor, which is projecting to the significant growth of LED Lighting fixture market.

To create ambience at hotels and restaurants, owner of the respective places are spending in lighting fixtures to create an aesthetic and ambience for the visitors. Owing to increase in application of decorative lighting in restaurants, hotel, homes, offices and other such places are the major factor spurring the growth of the lighting fixtures market.

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With a robust CAGR, the architectural and commercial lighting segment is likely to register high Year-On-Year growth

In 2017, architecture and commercial lighting segment was valued at more than US$ 8,000 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period. In terms of value, architecture and commercial lighting segment is projected to be the most attractive in the global lighting fixture market during the forecast period. This segment expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of a little more than 15% during the forecast period.

Global Lighting Fixtures Market: Key Vendors

These are the prominent players in the global lighting fixtures market profiled in the report – CREE, INC, Hubbell Lighting, Inc., GE Lighting, LLC, OSRAM Licht AG, Royal Philips NV, Acuity Brands Lighting, Inc, ATG Electronics, Panasonic Corporation, L.D. Kichler Co., Eaton Corporation. Following are some of the other players in the global lighting fixtures market – Kenroy Homes, Briloner Leuchten GmbH, Brilliant Lighting Limited, Delta Light, Disano Illuminazione S.p.A, Beghelli SpA, Glamox lighting, IKEA, EGLO Leuchten GmbH, Endo Lighting Corp

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Lighting Fixtures Market : TOC

1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune

2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
2.3. Parent Market Overview
2.4. Value Chain Analysis

3. Market View Point
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
3.3. Global Trends

4. Global Market Analysis 2012–2016 and Forecast 2017–2025
4.1. Global Regulation
4.2. Market Volume Projection
4.3. Market Size and Y-o-Y Growth
4.4. Absolute $ Opportunity

5. North America Lighting Fixtures Market Analysis and Forecast
5.1. Introduction
5.2. Regional Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Trends
5.3. Historical Market Size (US$ Mn) Analysis 2012-2016, By Country
5.3.1. U.S.
5.3.2. Canada
5.4. Current Market Size (US$ Mn) Forecast 2017-2025, By Country
5.4.1. U.S.
5.4.2. Canada
5.5. Market Size (US$ Mn) & Forecast, By Type
5.5.1. Architecture & Commercial Lighting
5.5.2. Decorative & Residential Lighting
5.5.3. Industrial Lighting
5.5.4. Outdoor Lighting
5.6. Market Size (US$ Mn) & Volume (Mn Units) & Forecast, By Lighting Source
5.6.1. Incandescent
5.6.2. Fluorescent
5.6.3. LED and OLED
5.7. Market Size (US$ Mn) & Forecast, By Application
5.7.1. Airport Lighting
5.7.2. Corporate Campus Lighting
5.7.3. Retail Outlets Lighting
5.7.4. Education Facilities Lighting
5.7.5. Government office & Building
5.7.6. Healthcare Facilities Lighting
5.7.7. Industrial & warehouse Lighting
5.7.8. Recreation & Public Venue Lighting
5.7.9. Residential Lighting
5.7.10. Restaurant & Hotel Lighting
5.7.11. Street Lighting
5.8. Market Attractiveness Analysis
5.8.1. By Country
5.8.2. By Type
5.8.3. By Lighting Source
5.8.4. By Application
5.9. Market Presence (Intensity Map)

6. Latin America Lighting Fixtures Market Analysis and Forecast
6.1. Introduction
6.2. Regional Market Dynamics
6.2.1. Drivers
6.2.2. Restraints
6.2.3. Trends
6.3. Historical Market Size (US$ Mn) Analysis 2012-2016, By Country
6.3.1. Brazil
6.3.2. Mexico
6.3.3. Rest of Latin America
6.4. Current Market Size (US$ Mn) Forecast 2017-2025, By Country
6.4.1. Brazil
6.4.2. Mexico
6.4.3. Rest of Latin America
6.5. Market Size (US$ Mn) & Forecast, By Type
6.5.1. Architecture & Commercial Lighting
6.5.2. Decorative & Residential Lighting
6.5.3. Industrial Lighting
6.5.4. Outdoor Lighting
6.6. Market Size (US$ Mn) & Volume (Mn Units) & Forecast, By Lighting Source
6.6.1. Incandescent
6.6.2. Fluorescent
6.6.3. LED and OLED

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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