Press release
Residential Lighting Fixtures Market Updation Reflects Growth to USD 32.28 Bn by 2032
๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐ ๐ข๐ฑ๐ญ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ was valued at USD 20.40 billion in 2024 and is expected to reach USD 32.28 billion by 2032, growing at a CAGR of 5.9% from 2025 to 2032.๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐ ๐ข๐ฑ๐ญ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The residential lighting fixtures market is undergoing a transformation, driven by the growing demand for energy-efficient and cost-effective lighting solutions. With the increasing adoption of energy-saving products such as LED lighting and the rise of smart homes, lighting fixtures are becoming an essential element in home dรฉcor. Additionally, the integration of the Internet of Things (IoT) has significantly enhanced the functionality of lighting systems, allowing consumers to control their lights remotely and improve energy management. As the demand for energy-efficient and aesthetically pleasing lighting solutions continues to rise, the residential lighting fixtures market is expected to experience significant growth over the forecast period.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:https://www.stellarmr.com/report/req_sample/Residential-Lighting-Fixtures-Market/1509 ๏ปฟ
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐ ๐ข๐ฑ๐ญ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
Key drivers of the Residential Lighting Fixtures Market include the increasing demand for energy-efficient lighting solutions, rising consumer awareness about sustainability, and advancements in smart lighting technologies. The growing trend of home automation, combined with the rising purchasing power of consumers, has led to a surge in demand for innovative lighting solutions. The shift towards energy-efficient fixtures, such as LED lights, driven by environmental concerns and government incentives, is further accelerating market growth. Moreover, the increasing trend of home renovation and decor is fueling the demand for stylish and functional lighting fixtures that cater to consumer preferences.
๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐ ๐ข๐ฑ๐ญ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The Residential Lighting Fixtures Market is witnessing a notable trend towards smart lighting solutions, driven by the growing adoption of IoT and home automation systems. Consumers are increasingly seeking lighting products that are not only energy-efficient but also offer convenience through connectivity and control via smartphones or voice commands. Additionally, there is a rising demand for customizable lighting solutions that allow users to adjust brightness and create specific atmospheres in their homes. The integration of advanced lighting technologies, such as human-centric lighting designed to improve sleep patterns and well-being, is also gaining traction. As these trends evolve, manufacturers are focusing on developing energy-efficient, aesthetically pleasing, and technologically advanced lighting fixtures.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.stellarmr.com/report/enquire_now/Residential-Lighting-Fixtures-Market/1509
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐ ๐ข๐ฑ๐ญ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's residential lighting fixtures market is expanding due to rising urbanization and increasing construction activities. Vietnam Illumination Ltd. partnered with global lighting manufacturers to introduce energy-efficient LED fixtures. Government incentives for energy-efficient housing projects are further driving market growth.
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's lighting fixtures market is growing, supported by increased adoption of decorative and smart lighting solutions. Thai Lighting Innovations Corp. launched a new range of customizable smart lighting products in 2023, targeting urban households. The government's focus on promoting energy-saving initiatives is bolstering market expansion.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan remains a leader in advanced lighting technologies, with companies like Panasonic Corporation introducing smart LED fixtures tailored for small urban apartments. Japan's emphasis on sustainable living and energy efficiency is driving demand for innovative residential lighting solutions.
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's residential lighting market is undergoing consolidation as major players acquire smaller firms to enhance their portfolios. Samsung LED acquired Seoul Bright Co., strengthening its capabilities in smart and decorative lighting solutions. The market benefits from increasing demand for high-tech, aesthetic lighting systems.
๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's residential lighting fixtures market is advancing with a focus on premium, energy-efficient, and IoT-enabled products. Singapore Smart Light Ltd. collaborated with European firms to develop app-controlled lighting systems. Government incentives promoting smart homes are fostering market growth.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The United States remains a dominant market for residential lighting fixtures, driven by the popularity of smart homes and energy-efficient products. GE Lighting launched a new line of voice-activated smart lighting fixtures in 2023. Federal initiatives supporting sustainable housing are further propelling market expansion.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's lighting fixtures market is thriving, supported by strict energy regulations and a focus on sustainable design. Companies such as Signify (Philips Lighting) and Osram GmbH are leading innovations in LED and connected lighting solutions. The European Union's push for green building technologies is driving significant investments.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Vietnam Illumination Ltd. partnered with global manufacturers to expand energy-efficient LED offerings.
Thai Lighting Innovations Corp. launched customizable smart lighting products for urban households.
Panasonic Corporation introduced advanced smart LED fixtures in Japan.
Samsung LED acquired Seoul Bright Co., consolidating South Korea's lighting market.
Singapore Smart Light Ltd. developed app-controlled lighting systems in collaboration with European firms.
GE Lighting introduced voice-activated smart lighting fixtures in the United States.
Signify (Philips Lighting) and Osram GmbH expanded their portfolios with sustainable lighting solutions in Europe.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ? ๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ:https://www.stellarmr.com/report/req_sample/Residential-Lighting-Fixtures-Market/1509
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐ ๐ข๐ฑ๐ญ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
By Product
Ceiling
Pendant and chandeliers
Wall Mounted
Portable
Others
By Type
Indoor Lighting Fixtures
Outdoor Lighting Fixtures
Specialty Lighting Fixtures
Smart Lighting Fixtures
By Light Source
LED
Incandescent
Fluorescent
HID
By Distribution Channel
Supermarket and hypermarket
E-commerce
Others
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐ ๐ข๐ฑ๐ญ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
1. Philips Lighting (Signify)
2. OSRAM Light AG
3. Acuity Brands
4. Zumtobel Group
5. General Electric
6. Hubbell Incorporated
7. Cree Inc.
8. Eaton Corporation
9. Lutron Electronics
10. Legrand
11. Panasonic Corporation
12. Thorn Lighting
13. Cooper Lighting Solutions
14. Schneider Electric
15. Fagerhult Group
16. Zumtobel Group
17. Dialight Corporation
18. Holophane (Acuity Brands)
19. Sylvania Lighting
20. Mitsubishi Electric Corporation
21. LG Electronics
22. Kenall Manufacturing
23. Artemide Group
24. Trilux Group
25. TATA Power Solar Systems
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:https://www.stellarmr.com/report/Residential-Lighting-Fixtures-Market/1509
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Wireless Charging Market https://www.stellarmr.com/report/Wireless-Charging-Market/2266
Topical Drug Delivery Market https://www.stellarmr.com/report/Topical-Drug-Delivery-Market/358
Wood Pulp Market https://www.stellarmr.com/report/Wood-Pulp-Market/1810
Agrigenomics Market https://www.stellarmr.com/report/Agrigenomics-Market/396
Canadian Cable Connector Market https://www.stellarmr.com/report/Canadian-Cable-Connector-Market/93
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com
๐๐๐จ๐ฎ๐ญ ๐๐ญ๐๐ฅ๐ฅ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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