Market Overview:
The global decorative illumination market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient lighting solutions, growing awareness about the benefits of LED lighting, and rising disposable income. LED Lighting is expected to be the fastest-growing segment of the global decorative illumination market during the forecast period. This can be attributed to its high efficiency and long life span as compared to other types of lighting solutions.
Product Definition:
Decorative Illumination is the use of light to enhance the appearance of objects or spaces. It can be used to create a mood, highlight features, or simply provide illumination. Decorative illumination is often used in interior design, and it can be very important for creating a visually appealing space.
LED Lighting:
LED lighting is a new-age technology that has made its presence felt in the global decorative illumination market. The growth of this industry can be attributed to various factors such as low power consumption, longer life span, high efficiency and competitive pricing. LED lights are expected to replace incandescent bulbs in the coming years due to their higher energy efficiency and lower cost compared to traditional light sources.
CFL Lighting:
CFL ( Compact Fluorescent Lightings) are the most common type of light bulb used in household and commercial applications. They are available in different shapes, sizes, and colors. CFLs have a longer life span than incandescent lamps; however, they produce less illumination than halogen or high-pressure sodium lights. The average life expectancy of a CFL is 3 to 5 years; however some varieties can last up to 10 years with proper care.
Application Insights:
The commercial application segment led the global decorative illumination market and accounted for more than 60.0% share of the total revenue in 2017. The growth can be attributed to an increase in demand for innovative, yet cost-effective lighting solutions within commercial spaces, such as offices, showrooms and malls. Furthermore, rising adoption of LED lightings across shopping centers and high-end retail stores is expected to drive the segment further.
The residential application segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing consumer spending on home dĩcor projects that include lighting fixtures along with other decorative elements such as furniture and rugs. Moreover, growing urbanization along with rising disposable income among consumers has resulted in increased demand for highly efficient lighting systems within homes or residential spaces over recent years.
Regional Analysis:
Asia Pacific decorative illumination market is anticipated to witness significant growth over the forecast period owing to increasing construction activities in countries such as China, India, and Japan. Furthermore, rising disposable income coupled with a growing preference for aesthetic lighting fixtures in commercial buildings is expected to drive regional demand.
Europe decorative illumination market accounted for more than 25% of the global revenue share in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 due primarily on its well-established infrastructure along with developed tourism industry that has resulted into increased number of hotels & restaurants across the region which subsequently drives up demand for innovative decorative lighting solutions such as LED lights that consume less energy while offering longer lifetime compared to incandescent light bulbs thus driving regional growth.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising disposable income of consumers
- Proliferation of smart lighting systems
- Growing popularity of LED lights
- Technological advancements in the field of decorative illumination
Scope Of The Report
Report Attributes
Report Details
Report Title
Decorative Illumination Market Research Report
By Type
LED Lighting, CFL Lighting, Incandescent Lighting
By Application
Residential, Commercial
By Companies
Acuity Brands, Signify, LEDVANCE, GE Lighting, Ideal Industries, Hubbell, Copper, OSRAM, Kichler, Generation Brands, Maxim Lighting, Feit Electric Company, Leviton, Hudson Valley Lighting, Fabbian, Milan Iluminación, Graypants
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Decorative Illumination Market Report Segments:
The global Decorative Illumination market is segmented on the basis of:
Types
LED Lighting, CFL Lighting, Incandescent Lighting
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Acuity Brands
- Signify
- LEDVANCE
- GE Lighting
- Ideal Industries
- Hubbell
- Copper
- OSRAM
- Kichler
- Generation Brands
- Maxim Lighting
- Feit Electric Company
- Leviton
- Hudson Valley Lighting
- Fabbian
- Milan Iluminación
- Graypants
Highlights of The Decorative Illumination Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LED Lighting
- CFL Lighting
- Incandescent Lighting
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Decorative Illumination Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Decorative illumination is the use of light to add beauty and interest to a room. It can be used in various ways, such as adding highlights to furniture or creating a mood with candles.
Some of the major players in the decorative illumination market are Acuity Brands, Signify, LEDVANCE, GE Lighting, Ideal Industries, Hubbell, Copper, OSRAM, Kichler, Generation Brands, Maxim Lighting, Feit Electric Company, Leviton, Hudson Valley Lighting, Fabbian, Milan Iluminaci³n, Graypants.
The decorative illumination market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Decorative Illumination Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Decorative Illumination Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Decorative Illumination Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Decorative Illumination Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Decorative Illumination Market Size & Forecast, 2018-2028
4.5.1 Decorative Illumination Market Size and Y-o-Y Growth
4.5.2 Decorative Illumination Market Absolute $ Opportunity
Chapter 5 Global Decorative Illumination Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Decorative Illumination Market Size Forecast by Type
5.2.1 LED Lighting
5.2.2 CFL Lighting
5.2.3 Incandescent Lighting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Decorative Illumination Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Decorative Illumination Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Decorative Illumination Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Decorative Illumination Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Decorative Illumination Analysis and Forecast
9.1 Introduction
9.2 North America Decorative Illumination Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Decorative Illumination Market Size Forecast by Type
9.6.1 LED Lighting
9.6.2 CFL Lighting
9.6.3 Incandescent Lighting
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Decorative Illumination Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Decorative Illumination Analysis and Forecast
10.1 Introduction
10.2 Europe Decorative Illumination Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Decorative Illumination Market Size Forecast by Type
10.6.1 LED Lighting
10.6.2 CFL Lighting
10.6.3 Incandescent Lighting
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Decorative Illumination Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Decorative Illumination Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Decorative Illumination Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Decorative Illumination Market Size Forecast by Type
11.6.1 LED Lighting
11.6.2 CFL Lighting
11.6.3 Incandescent Lighting
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Decorative Illumination Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Decorative Illumination Analysis and Forecast
12.1 Introduction
12.2 Latin America Decorative Illumination Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Decorative Illumination Market Size Forecast by Type
12.6.1 LED Lighting
12.6.2 CFL Lighting
12.6.3 Incandescent Lighting
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Decorative Illumination Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Decorative Illumination Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Decorative Illumination Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Decorative Illumination Market Size Forecast by Type
13.6.1 LED Lighting
13.6.2 CFL Lighting
13.6.3 Incandescent Lighting
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Decorative Illumination Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Decorative Illumination Market: Competitive Dashboard
14.2 Global Decorative Illumination Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Acuity Brands
14.3.2 Signify
14.3.3 LEDVANCE
14.3.4 GE Lighting
14.3.5 Ideal Industries
14.3.6 Hubbell
14.3.7 Copper
14.3.8 OSRAM
14.3.9 Kichler
14.3.10 Generation Brands
14.3.11 Maxim Lighting
14.3.12 Feit Electric Company
14.3.13 Leviton
14.3.14 Hudson Valley Lighting
14.3.15 Fabbian
14.3.16 Milan Iluminación
14.3.17 Graypants
