Press release
Residential Lighting Fixtures Market 2022 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2027|CREE, Inc., Koninklijke Philips N.V., Hubbell Lighting
Residential Lighting Fixtures Market 2022-2027Anticipated to reach a valuation of approximately US$ 29.7 Billion in 2019, the global demand for residential lighting fixtures is expected to grow at a steady rate of 4.5 percent CAGR, through the period of 2018-2027, considering growing sales of smart lighting solutions, energy-efficient products such as the LEDs, and growing demand for fancy lightings.
Request for Free Sample Report of “Residential Lighting Fixtures” Market @ https://www.persistencemarketresearch.com/samples/25819
Moreover, governments increasingly promoting the smart cities concept will boost residential lighting fixtures’ demand in the coming years, as indicated in a recent intelligence study on global residential lighting fixtures market published by Persistence Market Research.
“While the global revenue from the sales of residential lighting fixtures is anticipated to witness a steady year-on-year growth, the market study by Persistence Market Research indicates that the global sales of residential lighting fixtures, through 2027, will exceed a whopping US$ 40 Billion revenue. Such increasing global demand for residential lighting fixtures can safely be attributed to continuous developments and innovations in technology and increase in construction of smart and premium homes,” a senior research analyst elaborates.
residential lighting fixtures market
Key Players:
The report has profiled some of the Important players prevalent in the global like – CREE, Inc., Koninklijke Philips N.V., Hubbell Lighting, Inc., General Electric, OSRAM Licht AG, Signify NV,, Acuity Brands Lighting, Inc., Panasonic Corporation, L.D. Kichler Co., Eaton Corporation, Kenroy Homes, Briloner Leuchten GmbH, Others. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Residential Lighting Fixtures.
PMR Spots Demand-Driving Trends, Globally
The market is currently witnessing a thriving trend of replacing old metal halide fixtures with LED lighting fixtures, arising from the many benefits of LEDs including better lighting effects and cost-efficient output, while also promoting low-energy consuming lighting products. Manufacturers, in North America are replacing old lighting technologies with newer ones for both indoor and outdoor lighting solution, thereby, influencing the demand for residential lighting fixtures.
On the other hand, Latin America is likely to witness trends around strategic partnerships between manufacturers of residential lighting fixtures and online retailers for an expansive online visibility of products. In Europe, increasing application of lighting solutions in the healthcare sector will remain a major trend. In emerging markets of SEA and Other of APAC, India projects lucrative investment opportunities, considering the ‘smart city’ initiatives by the government. In China, smart LED streetlights market will gain significance by 2020. To change the present lighting infrastructure, governments in Japan are partnering with key manufacturers of lighting fixtures.
“Moreover, global climate change has translated into governments banning incandescent bulbs to meet a minimum energy efficiency level, thereby, favoring greener and more efficient technologies such as the LEDs. For instance, California became the first US state to ban incandescent bulbs, beginning 2018—a move that is expected to save consumers approximately US$ 1 Billion a year in energy bills”, adds the analyst
In the wheel of fortune, the report on residential lighting fixtures market, places key segments including fixture types, lighting source, pricing, and region in various growth quadrants, ranging from slow growth to very high growth quadrant. A majority of market segments fall in the high and very high growth quadrants. Regionally, Middle East and Africa fall in the slow growth quadrant, while Europe and China occupy a position in the medium growth quadrant.
However, regions like North America, Latin America, SEA and Others of APAC, and Japan are among the fast growing revenue pockets. In terms of lighting source, incandescent is a slow-moving segment compared to fluorescent and LED and OLED—safely placed in the high growth quadrant owing to their energy-efficient attributes. On the basis of fixtures,while recessed fixtures and under cabinet lighting solution fall in the high-growth quad, adoption of vanity fixtures and outdoor fixtures is projected to remain high through 2027. In terms of pricing, premium residential fixtures are estimated to gain prominence in the coming years, hence, falls in very high growth quadrant. Drawing from an analysis of the wheel of fortune:
· Flush mount fixtures, will remain the fastest growing segment, owing to their increased utility in modern interiors. Demand for flush mount fixtures is estimated to grow at a robust rate through 2027, generating a revenue of nearly US$ 9.4 Billion, during the same period. Such demand trend will be witnessed by recessed fixtures, in the coming years.
· Stringency in government regulations and the low cost and long lifespan benefits, will drive the future sales of LEDs and OLEDs—holding approximately 54 percent of the total market share, followed by fluorescent at 39 percent market share.
· In Latin America, demand for residential lighting fixtures can be attributed to a massive rise in the numbers of regulations mandating the replacement of old lighting technologies with energy-efficient lighting systems.
Request For Customization@ https://www.persistencemarketresearch.com/request-customization/25819
Key Stakeholders
Residential Lighting Fixtures Market Manufacturers
Residential Lighting Fixtures Market Distributors/Traders/Wholesalers
Residential Lighting Fixtures Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
If you have any special requirements, please let us know and we will offer you the report as you want.
The global residential fixtures market showcases a highly competitive landscape, considering presence of several leading global and regional players. Tier-1 manufactures of residential lighting fixtures including companies like Hubbell, General Electric, Signify, and OSRAM GmbH hold dominance over 45.5 percent market share compared to tier-2 players such as Cree, Panasonic, and Royal Philips NV trailing with 36.4 percent market share. Porter’s Five Force Analysis projects high threat of new entrants, bargaining power of buyers, and threat of substitutes. Bargaining power of suppliers will remain moderate owing to the high demand for advanced technologies, as per the analysis. To counter these, core forward market strategies include:
· As a part of their differentiation strategy, key companies in the global residential lighting fixtures market are focusing on the growing their profit margin through product portfolio expansion.
· Top performers such as Cree and Panasonic are projected to focus on portfolio expansion through technological advancements. In October 2018, Cree expanded its industrial lighting portfolio with new LXB Series Linear High-Bay luminaries.
· For business opportunity expansion, key companies are also looking to collaborate with other manufacturers of residential lighting fixtures and develop high quality and better functioning products. In In May 2018, Acuity Brands acquired IOTA Engineering LLC, making a foray into the smart building equipment market.
· Infrastructure development and increased investments in research and development will also remain a key strategy among manufacturers of residential lighting fixtures.
· For instance, Hubbell Lighting, Inc. opened a Lighting Solution Lab in South Carolina to facilitate proper training of employees translating into better developed lighting solutions.
Key Questions Answered in This Report.
· What will the Market growth rate in Future?
· What are the key factors driving the global Market?
· Who are the key manufacturers in Market space?
· What are the opportunities and threats faced by the vendors in the global industry?
· What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
Click Here to Buy this Report@ https://www.persistencemarketresearch.com/checkout/25819
Media Contact:
Persistence Market Research
305 Broadway,7th Floor New York City, NY 10007 United States
Call +1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com
About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Residential Lighting Fixtures Market 2022 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2027|CREE, Inc., Koninklijke Philips N.V., Hubbell Lighting here
News-ID: 2545688 • Views: …
More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…

Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…

US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…

Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for Lighting
Track Lighting Market Analysis By Top Keyplayers - Philips Lighting, Acuity Bran …
The "Track Lighting Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Track Lighting Market, 2024-2031
Verified Market Research's most recent report, "Track Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Residential Lighting Market Top Players || EVERLIGHT; Hinkley Lighting; IKIO LED …
Residential Lighting Market research report comprises of several parameters which are thoroughly studied by the experts. To generate the best market analysis report, a range of objectives of the marketing research are required to be kept in mind. With this industry report it becomes simpler for customers to understand the various drivers and restraints impacting the market during the forecast period. Residential Lighting Market report helps to provide such market…
Energy Efficient Lighting Market Explore Future Growth by 2022 | Philips Lightin …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;…
Energy Efficient Lighting Market Forecast to 2023: Acuity Brands, Cooper Lightin …
A report added to the rich database of Qurate Business Intelligence, titled “World Energy Efficient Lighting Market Research Report 2023 (Covering USA, Europe, China, Japan, India and etc)”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the…
Energy Efficient Lighting Market Development and Growth Analysis by Philips Ligh …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;…
Track Lighting Market 2017-2022: Eaton, Juno, Lithonia Lighting, Satco, Hubbell …
The report on “Global Track Lighting Market” is a professional report which provides thorough knowledge along with complete information pertaining to the Track Lighting industry a propos classifications, definitions, applications, industry chain summary, industry policies in addition to plans, product specifications, manufacturing processes, cost structures, etc.This market research report on the Global Track Lighting market is a complete study of the markets current trends, industry growth drivers and restraints. It…