Lighting Fixtures Market Drivers, End User, Top Key Players, Challenges by 2033

Throughout the projected period, the lighting fixtures market is anticipated to have rapid revenue growth. The expansion of smart city projects and the widespread adoption of LED lighting are credited with this growth. The new report from Persistence Market Research, “Lighting Fixtures Market: Global Industry Analysis (2012 to 2016) and Forecast (2017-2025),” covers the eight-year forecasted period from 2017 to 2025. The market for lighting fixtures is likely to rise at a strong CAGR over the course of the forecast period, with Asia Pacific expected to experience particularly rapid expansion.

The main strategies being followed by the top players in the global lighting fixtures market include obtaining government contracts for the replacement of outdated infrastructure and consistently updating the product line. In terms of volume, the market for lighting fixtures is anticipated to generate US$ 2491.0 Mn in revenue in 2017, while by the end of 2025, the market is anticipated to generate US$ 5,710.6 in revenue. Between 2017 and 2025, this market is projected to grow at a respectable CAGR of 14%.

Lighting Fixtures Market
Lighting Fixtures Market

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Persistence Market Research Recommendations Pertaining to the Global Lighting Fixtures Market

  • Increase in penetration towards adoption of efficient and energy saving products are encouraging consumer to adapt LED and OLED lighting solution. Due to which key players associated with the global lighting fixtures market are constantly upgrading their product portfolio to meet the needs in the competitive lighting market
  • Emergence of the Internet of Things is a greater opportunity for major players to develop innovative offering that integrates modern lighting solutions integrated with Internet of Things
  • MEA region is organizing a rural electrification program, which could be a great opportunity for players associated with lighting fixtures to tap new business opportunities from the region

Global Lighting Fixtures Market: Forecast and Analysis by Type

In this report, the global lighting fixtures market is segmented on the basis of type, light source, application and regions. Type segment is further segmented into architecture and commercial lighting, decorative and residential lighting, industrial lighting and outdoor lighting. Outdoor lighting segment was valued US$ 6,387.7 Mn in 2016 and is expected to grow tremendously at US$ 20,548.0 by the end of 2025. In terms of value, the architectural and commercial lighting segment is anticipated to increase at a high CAGR during the forecast period.

Global Lighting Fixtures Market: Forecast and Analysis by Application

Application segment includes airport lighting, corporate campus lighting, retail outlets lighting, education facilities lighting, government office and building, healthcare facilities lighting, industrial and warehouse lighting, recreation and public venue lighting, residential lighting, restaurant and hotel lighting and street lighting. Street lighting segment is projected to be the most attractive in the global lighting fixtures market during the forecast period. On the other hand the residential lighting segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 16.3% during the assessed period.

Global Lighting Fixtures Market: Forecast and Analysis by Light Source

This segment includes incandescent, fluorescent, LED and OLED segments. Fluorescent segment is expected to dominate the global lighting fixtures market by grabbing the largest i.e. 39.1% share in 2017. However, in 2025 the LED and OLED segment is anticipated to record a significant growth in market share from 37.4% in 2017 to 59.7% in 2025.

Global Lighting Fixtures Market: Forecast and Analysis by Region

The market is segmented into North America, Latin America, Europe, APAC and MEA regions.

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Revenue from the lighting fixtures market in North America and Europe is expected to collectively account for 50.4% of the global lighting fixtures market revenue in 2017. Markets in the MEA region are expected to witness a moderate growth rate over the forecast period.

Global Lighting Fixtures Market: Key Vendors

These are the prominent players in the global lighting fixtures market profiled in the report –

  • Hubbell Lighting, Inc.
  • GE Lighting, LLC
  • OSRAM Licht AG
  • Royal Philips NV
  • Acuity Brands Lighting, Inc
  • ATG Electronics
  • Panasonic Corporation
  • D. Kichler Co.
  • Eaton Corporation

Following are some of the other players in the global lighting fixtures market –

  • Kenroy Homes
  • Briloner Leuchten GmbH
  • Brilliant Lighting Limited
  • Delta Light
  • Disano Illuminazione S.p.A
  • Beghelli SpA
  • Glamox lighting
  • IKEA
  • EGLO Leuchten GmbH
  • Endo Lighting Corp

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Lighting Fixtures Industry Research Segmentation

By Type:

  • Architecture & Commercial Lighting
  • Decorative & Residential Lighting
  • Industrial Lighting
  • Outdoor Lighting

By Application:

  • Airport Lighting
  • Corporate Campus Lighting
  • Retail Outlets Lighting
  • Education Facilities Lighting
  • Government Office & Building
  • Healthcare Facilities Lighting
  • Industrial & Warehouse Lighting
  • Recreation & Public Venue Lighting
  • Residential Lighting
  • Restaurant & Hotel Lighting
  • Street Lighting

By Light Source:

  • Incandescent
  • Fluorescent
  • LED and OLED

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

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