openPR Logo
Press release

Residential Lighting Fixtures Market Updation Reflects Growth to USD 32.28 Bn by 2032

01-21-2025 03:31 AM CET | Media & Telecommunications

Press release from: STELLAR MARKET RESEARCH

Residential Lighting Fixtures Market

Residential Lighting Fixtures Market

๐‘๐ž๐ฌ๐ข๐๐ž๐ง๐ญ๐ข๐š๐ฅ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐…๐ข๐ฑ๐ญ๐ฎ๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ 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.

๐‘๐ž๐ฌ๐ข๐๐ž๐ง๐ญ๐ข๐š๐ฅ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐…๐ข๐ฑ๐ญ๐ฎ๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

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.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:https://www.stellarmr.com/report/req_sample/Residential-Lighting-Fixtures-Market/1509 ๏ปฟ

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‘๐ž๐ฌ๐ข๐๐ž๐ง๐ญ๐ข๐š๐ฅ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐…๐ข๐ฑ๐ญ๐ฎ๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

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.

๐‘๐ž๐ฌ๐ข๐๐ž๐ง๐ญ๐ข๐š๐ฅ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐…๐ข๐ฑ๐ญ๐ฎ๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

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.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.stellarmr.com/report/enquire_now/Residential-Lighting-Fixtures-Market/1509

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‘๐ž๐ฌ๐ข๐๐ž๐ง๐ญ๐ข๐š๐ฅ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐…๐ข๐ฑ๐ญ๐ฎ๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

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.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

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.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

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.

๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

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.

๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

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.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ

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.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

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.

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

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.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ:https://www.stellarmr.com/report/req_sample/Residential-Lighting-Fixtures-Market/1509

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฌ๐ข๐๐ž๐ง๐ญ๐ข๐š๐ฅ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐…๐ข๐ฑ๐ญ๐ฎ๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

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

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐‘๐ž๐ฌ๐ข๐๐ž๐ง๐ญ๐ข๐š๐ฅ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐…๐ข๐ฑ๐ญ๐ฎ๐ซ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

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

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:https://www.stellarmr.com/report/Residential-Lighting-Fixtures-Market/1509

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

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

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐’๐ญ๐ž๐ฅ๐ฅ๐š๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com

๐€๐›๐จ๐ฎ๐ญ ๐’๐ญ๐ž๐ฅ๐ฅ๐š๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

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.

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 Updation Reflects Growth to USD 32.28 Bn by 2032 here

News-ID: 3823797 • Views: โ€ฆ

More Releases from STELLAR MARKET RESEARCH

Ready to Eat (RTE) Baked Products and Bakery Premixes Market Share, Industry Growth, Business Strategy, Trends and Regional Outlook 2032
Ready to Eat (RTE) Baked Products and Bakery Premixes Market Share, Industry Gro โ€ฆ
Ready to Eat (RTE) Baked Products and Bakery Premixes Market was estimated at USD 154.85 Bn. in 2024 and the total revenue is projected to grow at CAGR of 7% From 2025 to 2032 reaching nearly USD 231.41 Bn. by 2032. Stellar Market Research published a report "Ready to Eat Baked Products and Bakery Premixes Market and forecast (2025-2032)." The report is a comprehensive analysis of global Ready to Eat Bakedโ€ฆ
Micromotor Market Comprehensive Research Study, Competitive Landscape and Forecast 2025-2032
Micromotor Market Comprehensive Research Study, Competitive Landscape and Foreca โ€ฆ
Micromotor Market was estimated at USD 43.10 Bn in 2024, and its total revenue is projected to grow at a CAGR of 7.1% from 2025 to 2032, reaching nearly USD 69.66 Bn by 2032. Stellar Market Research published a report "Micromotor Market and forecast (2025-2032)." The report is a comprehensive analysis of global Micromotor Market share, size, growth, trends, and forecast. The report also contains competitor analysis and regional analysis andโ€ฆ
Monkeypox Vaccine and Treatment Market Sales and Revenues of Manufacturers Forecast till 2025-2032
Monkeypox Vaccine and Treatment Market Sales and Revenues of Manufacturers Forec โ€ฆ
Monkeypox Vaccine and Treatment Market size was estimated at USD 103.5 Mn in 2024 and the total Global Monkeypox Vaccine and Treatment revenue is projected to grow at a CAGR of 10.20% from 2025 to 2032, reaching nearly USD 225.12 Mn by 2032. Stellar Market Research published a report "Monkey pox Vaccine and Treatment Market and forecast (2025-2032)." The report is a comprehensive analysis of global monkey pox Vaccine and Treatmentโ€ฆ
K12 Education Market Dynamics, Competitive Landscape, Outlook 2025-2032
K12 Education Market Dynamics, Competitive Landscape, Outlook 2025-2032
K12 Education Market Size was valued at USD 2.65 Tn in 2024 and is projected to grow at a CAGR of 12.6% from 2025 to 2032, reaching nearly USD 6.85 Tn by 2032. Stellar Market Research has released a report "K12 Education Market and forecast (2025-2032)." The report is a detailed analysis of the global market share, size, growth, trends, and forecast of K12 Education Market. It also includes competitor andโ€ฆ

All 5 Releases


More Releases for Light

Shining a Light: Global Light Towers Market Trends 2024
"The Business Research Company recently released a comprehensive report on the Global Light Towers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive Sampleโ€ฆ
Light Bulb Camera 2022: Best Light Bulb Security Camera
From anywhere in the world, you can check on your family members with this clever Light bulb camera has a concealed security camera! In the world's population, those over the age of 50 make up an increasingly large proportion of the total. These individuals are more likely to suffer from health challenges or lives alone, which increases the hazards they face. When our elderly relatives live alone, we have a naturalโ€ฆ
Light Sanitizer Review: Does UV Light Sanitizer Really Work?
Visit Official Website Here >> https://bit.ly/3u3lF00 ใ€PROFESSIONAL UV LIGHT SANITIZER LAMPใ€‘ FCC, CE, RoHS Certified, EPA Est. No.96932-CHN-1. Advanced ultraviolet disinfection technology, the UV disinfectant lamp has 7 high-intensity UVC and 158 UVA double effect, 99.99% sterilization rate, Ultra Violet through radiation damage to microorganisms (bacteria, viruses, fungus, pathogen, molds, micro pests) and destroy DNA RNA, to achieving the purpose of disinfection ใ€240-280NM COMPREHENSIVE THOROUGH STERILIZATIONใ€‘ The light transmittance of microorganismsโ€ฆ
What is Li-Fi (Light Fidelity Visible Light Communication)?
Light fidelity (Li-Fi)/visible light communication is wireless communication technology that uses light to transmit data and position between devices. This technology facilitates internet facilities in a closed, controlled environment such as airplanes, shopping complexes, hospitals, offices, and vehicles, among others. It is widely utilized to offer communication between electronic devices with the support of visible light, particularly the LED bulbs. This evolving technology has various advantages over currently prevalent Wi-Fiโ€ฆ
Global LED Lighting Market Technology Insights, Forecast to 2025 | Spot Light, S โ€ฆ
This report presents the worldwide LED Lighting market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The LED Lighting market was valued at Million US$ in 2017 and isโ€ฆ
Light Control Sensor Light Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-electronics-goods/light-control-sensor-light-market/79664 Light Control Sensor Light Report by Material, Application, and Geography ๏ฟฝ Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China). The report firstly introduced the Light Control Sensor Light basics: definitions, classifications, applications andโ€ฆ