The global market for lighting fixtures and accessories is predominantly driven by new installations, which are subsequently influenced by infrastructural development. One of the major factors driving the global lighting fixtures market is the recovery of the construction industry following the economic downturn. In addition, stringent energy efficiency norms and regulations, coupled with greater awareness among people regarding optimum energy consumption, are redefining the future of the lighting industry. The lighting fixture market has been witnessing strong growth with the growing popularity of smart luminaires. Smart lighting fixtures are integral for developing smart cities due to their ability to curb operational costs and save energy. Initiatives taken by governments around the globe to develop smart cities are influential in driving demand for smart lighting fixtures worldwide.
The global lighting fixtures market is experiencing an influx of energy-efficient products such as LED lighting luminaires. LED lighting fixtures are quickly becoming popular across public and private environments. Benefits offered by LED technology in terms of energy efficiency, durability, and cost savings support the adoption of LED lighting fixtures across different application segments. The aforementioned factors are expected to support a CAGR of 7.3% during the forecast period of 2017–2025.
Report Scope
This report analyses the global lighting fixtures market in terms of product type, end-use application, and geography. Based on product type, the global lighting fixtures market has been categorized into portable lighting fixtures, non-portable lighting fixtures, and other variants, including special-purpose lighting fixtures and accessories. Furthermore, the global lighting fixtures market is also segmented based on end-use applications into industrial, residential buildings, architectural & commercial, automotive, and outdoor. The geographical distribution of the global lighting fixtures market considered for this research study covers regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
The research study titled "Global Lighting Fixtures Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" provides insights into the global lighting fixtures market in addition to market size and forecasts for the period from 2015 to 2025. The research study provides a strategic, in-depth analysis of market segments based on product type, end-use application, and cross-sectional analysis across geographical regions such as North America, Europe, Asia Pacific, and the Rest of the World.
In order to enable decision-makers, the research study covers the competitive profiling of the leading lighting fixture manufacturers, the prevailing competitive landscape, and key developments taking place in the lighting industry. Some of the major players profiled in the report include Acuity Brands, Inc., General Electric Company, Cooper Lighting, LLC, Hubbell Lighting, Inc., Koninklijke Philips N.V., Crompton Greaves Ltd., Cree, Inc., Bajaj Electricals Ltd., Amerlux LLC, Panasonic Corporation, OSRAM GmbH, and LSI Industries, Inc., among others.
Other detailed analysis offered by the research report includes the following:
North America
U.S.
Canada
Europe
Germany
France
Italy
U.K.
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC Countries
South Africa
Rest of Middle East and Africa
Asia Pacific is by far the largest and most attractive lighting fixture market worldwide. In Asia Pacific, China and India are the two most important markets for lighting fixtures. Improving standards of living coupled with initiatives taken by the government to ensure complete rural electrification are major factors driving demand for lighting fixtures in India. For instance, rural electrification initiatives, including R-APDRP (Restructured Accelerated Power Development and Reforms Programme) and RGGVY (Rajeev Gandhi Grameen Vidyutikaran Yojana), have had a positive impact on new lighting fixture installations in the country. The trend is expected to prolong, and the region is expected to witness robust growth during the forecast period of 2017–2025. On the other hand, matured markets, including those in North America and Europe, are expected to exhibit steady growth over the forecast period. Demand for technologically advanced energy-efficient fixtures will support growth in these regions, particularly in the United States.
Frequently Asked Question:
The market for Lighting Fixtures Market is expected to reach USD$ 2,690.4 Mn in 2025.
The Lighting Fixtures Market is expected to see significant CAGR growth over the coming years, at 7.3%.
The report is forecasted from 2017 -2025.
The base year of this report is 2016.
Acuity Brands, Inc., General Electric Company, Cooper Lighting, LLC, Hubbell Lighting, Inc., Koninklijke Philips N.V. are some of the major players in the global market.
