openPR Logo
Press release

Residential Lighting Fixtures Market 2022 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2026

07-08-2022 08:05 AM CET | Industry, Real Estate & Construction

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Residential Lighting Fixtures Market 2022

Residential Lighting Fixtures Market 2022

Residential Lighting Fixtures Market 2022

Anticipated 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 2018-2026, considering growing sales of smart lighting solutions, energy-efficient products such as the LEDs, and growing demand for fancy lightings. 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.

Request for Sample Report of "Residential Lighting Fixtures" Market @ https://www.persistencemarketresearch.com/samples/25819

"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 2026, 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.

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.

Request For Customization@ https://www.persistencemarketresearch.com/request-customization/25819

"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 2026. 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 2026, 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.

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.

Click Here to Buy this Report@  https://www.persistencemarketresearch.com/checkout/25819

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.

Related Reports- 

Refractive Optical Elements Market - https://www.persistencemarketresearch.com/market-research/refractive-optical-elements-market.asp

Medical Power Supply Devices Market - https://www.persistencemarketresearch.com/market-research/medical-power-supply-devices-market.asp

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 2026 here

News-ID: 2674692 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


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