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North America Decorative Lighting Market to Register a CAGR of 6.6% During the Projected Period
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Decorative Lighting Market - Key Trends
Decorative Lighting have an increasing demand as these lights are installed to improve the ambiance of a place and to enhance the visual appeal
Modern dcor incorporates Decorative Lighting to complement floor, furniture, walls, and others
Decorative Lighting has major applications in homes, restaurants, clubs, malls, shops, spa, parlors, and other places
Flash-mount lighting is becoming increasingly popular due to its usage in dining, office, pantry, kitchen, and hallways
Customizable Decorative Lighting products made of glass and ceramic are gaining popularity due to their elegant look
Energy-Efficient LED Lights to Augment the Growth of the LED Lighting Segment
The type segment of the market is classified into CFL Lighting, Incandescent Lighting, and LED Lighting. LED Lighting has a long life span and these lights are eco-friendly as they do not contain mercury. LED Lighting is Energy-efficient and is supported by governments around the world, which is likely to benefit the LED Lighting segment in the future. The application segment of the market is divided into commercial and residential segments.
Malls Spending Heavily on Decorative Lights in the U.S. to Boost the Growth of the Regional Market
Developed power generation sector particularly in Canada, and U.S. is largely responsible for the popularity of Decorative Lights. The majority of Malls in the U.S. heavily spend on Decorative Lighting to create a vibrant and welcoming atmosphere to engage customers. Hotels, restaurants, pubs, and malls need decorative lights to set the mood and to create a warm and cheery atmosphere. Hotels in the U.S. have a huge demand for Decorative Lighting to enrich the visual appeal of the place and to create a calming and soothing effect.
Key Players - LEDVANCE Showcases New Product Line
Manufacturers are keen to offer innovative products with smart technology and are focusing to produce technologically compatible products.
For instance, in 2019 LEDVANCE showcased new LED Lamps at Light fair International to make distribution easy and plans to roll out the products during summer.
Some of the major players operating in the market are Signify, Acuity Brands, GE Lighting, LEDVANCE, Hubbell, Ideal Industries, Kichler, Copper, Maxim Lighting, Generation Brands, Hudson Valley Lighting, Leviton, and Feit Electric Company.
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