Lighting Fixtures Market Size will Grow at CAGR of 8.3% By 2027 | Acuity Brands, Zumtobel Lighting, Hubbell Lighting, General Electric Company among others.

Market Summary -

Lighting Fixtures Market is expected to be valued at US$ 349.92 billion by 2027, exhibiting a CAGR of 8.3% during the forecast period (2020-2027)

The Lighting Fixtures Market Research report covers a thorough and in-depth assessment of the industry, including an overview of Product Specification, technology, product type, and production analysis, with significant elements such as Revenue, Cost Profit Analysis, Gross, and Gross Margin taken into account. It also includes a full competition analysis, which includes the Lighting Fixtures market share as well as company profiles of the major players in the global market.

The lighting fixture is an electrical device that uses an electric lamp or other lighting source technology to generate artificial light. A luminaire is a lighting fixture that includes an electric lamp. Electric ballast, reflectors, aperture, and an outer shell, which serves as a protective cover for the electric lamp, are all components of lighting fixtures. The lighting fixtures market is primarily driven by the move from old lighting technology such as incandescent and fluorescent lights to more energy-efficient lighting technology such as LED lamps.

Top Competitive Landscape -

Major companies operating in the global lighting fixtures market are 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, and Hubbell Lighting, Inc.

𝗔𝘃𝗮𝗶𝗹 𝘁𝗵𝗲 𝗠𝗼𝘀𝘁 𝗟𝘂𝗰𝗿𝗮𝘁𝗶𝘃𝗲 𝗢𝗳𝗳𝗲𝗿𝘀 𝗼𝗳 𝘁𝗵𝗲 𝐘𝗲𝗮𝗿,
𝐆𝐞𝐭 𝐮𝐩 𝐭𝐨 𝟖𝟎% 𝐨𝐟𝐟.

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Market Opportunity -

LED lighting fixtures were previously more expensive than incandescent and fluorescent lamps. LED lighting fixtures are still more expensive than traditional lighting fixtures, however they are becoming more cost-effective. LED lighting fixtures also have longer operating times than traditional lighting fixtures, making them more efficient. Market participants can take advantage of these chances to obtain a competitive advantage.

Market Segmentation and Regional -

By Product Type

· Ceiling, Pendant and Chandelier
· Wall Mounted
· Recessed
· Portable
· High Bay and Low Bay
· Others (Emergency Lighting, Track Lighting, and Fan)

By Application

· Industrial & Commercial
· Residential
· Outdoor
· Architectural
· Others(Automotive, Aerospace, and Machinery)

Regional Analysis -

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Italy, Spain and Russia, etc.)
Asia-Pacific (China, Japan, Korea, Southeast Asia, India, Australia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Turkey, Saudi Arabia, South Africa, etc.)

Key Reasons to Purchase -

· To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
· Assess the production processes, major issues, and solutions to mitigate the development risk.
· To understand the most affecting driving and restraining forces in the market and its impact in the global market.
· Learn about the market strategies that are being adopted by leading respective organizations.
· To understand the future outlook and prospects for the market.
· Besides the standard structure reports, we also provide custom research according to specific requirements.

Market Trends -

· The spike in the global building industry is credited with driving the growth of the lighting fixtures market. Globally, rising construction investment is resulting in infrastructure development in the residential, commercial, public, and utility sectors.

· Advanced lighting fixture design is required for maximum performance of energy-efficient lighting technologies. During the forecast period, the market for lighting fixtures will be driven by rising adoption of energy-efficient lighting such as LED lighting.

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Coherent Market Insights -

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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