High-End Lighting Market Size 2023, Trend Analysis, Industry Growth Rate, Company Profiles with Strategies 2028 | General Electric Company, Honeywell International Inc., Signify N.V., Toshiba Corporation and More

IMARC Group has recently released a new research study titled "High-End Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Market Outlook:

Year considered to estimate the market size:

• Base year of the analysis: 2022
• Historical period: 2017-2022
• Forecast period: 2023-2028

The global high-end lighting market size reached US$ 20.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028. High-end lighting refers to a luxurious lighting solution widely used in commercial, residential, and industrial sectors. It helps in creating zones and altering the overall interior design of a space. It also assists in enhancing the architecture allure and providing custom light features. At present, the demand for high-end lighting products is increasing worldwide due to rapid urbanization and inflating disposable incomes.

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Market Trends: 

There is a rise in the upgradation of the existing infrastructure across the globe. This, in confluence with the high-speed internet connectivity and boosting sales of smartphones, represents one of the key factors driving the market. Apart from this, governing agencies of numerous countries are promoting energy-efficient, eco-friendly lighting solutions, which are  impelling the market growth. Moreover, leading players are focusing on the integration of  advanced solutions like the Internet of Things (IoT) and artificial intelligence (AI), which is further propelling the growth of the market.

Competitive Landscape with Key Players:             

The competitive landscape of the global high-end lighting market has been studied in the report with the detailed profiles of the key players operating in the market.

Major Players Covered: 

• Acuity Brands Lighting Inc
• CREE Inc.
• Electronic Theatre Controls Inc.
• General Electric Company
• Helestra Leuchten GmbH
• Holtkötter Licht GmbH
• Honeywell International Inc.
• Lutron Electronics Co. Inc.
• OSRAM Licht AG (ams AG)
• Signify N.V.
• Toshiba Corporation

Explore Full Report Description At: https://www.imarcgroup.com/high-end-lighting-market

High-End Lighting Market 2023-2028 Competitive Analysis and Segmentation:

Report Segmentation:

The report has segmented the market on the basis of light source type, interior design, applications, end user and region.

Based on Light Source Type:

• LED Lamps
• HID Lamps
• Fluorescent Lights
• Others

Based on Interior Design:

• Modern
• Traditional
• Transitional

Based on Application:

• Wired
• Wireless

Based on End User:

• Commercial
• Industrial
• Residential

Geographical Analysis:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Ask Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=4084&flag=C

Key highlights of the report:               

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Industry Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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https://www.digitaljournal.com/pr/uae-led-lights-market-trends-statistics-demand-size-share-competitive-landscape-and-forecast-to-2022-2027

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