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Decorative Lighting Market 2023 Analysis By Size, Share, Growth, Trends Up To 2032 | Acuity Brands Lighting Inc., Bridgelux Inc., General Electric Co., Honeywell International Inc., OSRAM Light AG
Decorative Lighting Global Market
The Business Research Company's Decorative Lighting Global Market Report 2023 identifies the growing remodeling and renovation activities are expected to propel the growth of the decorative lighting market. The remodeling and renovation refer to the changing in the structure of the layout and restoring something to a good condition
The global decorative lighting market size grew from $37.92 billion in 2022 to $39.91 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The decorative lighting market size is expected to grow to $48.43 billion in 2027 at a CAGR of 5.0%.
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Major players in the decorative lighting market are Acuity Brands Lighting Inc., Bridgelux Inc., General Electric Co., Honeywell International Inc., OSRAM Light AG, Signify NV, AB Fagerhult, Ideal Industries Inc., Fagerhult Group Inc., Hubbell, Amerlux, Littmann, Havells, Savant Systems Inc., and Cree Lighting.
A key trend in the Decorative Lighting market includes the Strategic partnerships are shaping the decorative lighting market. Companies in the manufacturing of decorative lighting products are undergoing partnerships to develop and provide better lighting solutions.
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The Decorative Lighting market is segmented -
1) By Product: Ceiling, Wall-Mounted, Other Products
2) By Light Source: Light Emitting Diode (LED), Fluroscent, Incandescent, Other Light Sources
3) By Distribution Channel: Offline, Online
4) By End Use: Commercial, Household
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Decorative Lighting market.
The Business Research Company's "Global Decorative Lighting Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Decorative Lighting Market Include:
1. Executive Summary
2. Decorative Lighting Market Characteristics
3. Decorative Lighting Market Trends And Strategies
4. Decorative Lighting Market - Macro Economic Scenario
5. Decorative Lighting Market Size And Growth
……
27. Decorative Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Decorative Lighting Market
29. Decorative Lighting Market Future Outlook and Potential Analysis
30. Appendix
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