Market Overview:
The global decorative luminaires market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient lighting solutions and rising awareness about the benefits of LED luminaires over other types of luminaires. The LED luminaires segment is expected to grow at a CAGR of 6.0% from 2018 to 2030, owing to the growing demand for energy-efficient lighting solutions across residential and commercial applications.
Product Definition:
A decorative luminaire is a type of light fixture that is used to provide illumination in a space. They are typically used to add ambiance or create a specific aesthetic effect in a room. Decorative luminaires come in a variety of shapes and sizes, and can be made from a variety of materials.
LED Luminaires:
LED luminaires are the latest innovation in lighting technology. They have a number of advantages over incandescent, halogen and fluorescent lamps including lower power consumption, longer life span and better quality light. The market for decorative luminaires is expected to witness significant growth owing to its application in chandeliers, downlights and wall mounted lights among others.
CFL Luminaires:
CFL Luminaires are compact fluorescent lamps that produce a soft white light. They are used as decorative lighting in various luminaire applications such as chandeliers, downlights, and troffers. CFLs offer several benefits over incandescent or halogen bulbs including longer life span, energy efficiency rating (AE), and low cost per KWh compared to other lighting technologies.
Application Insights:
The commercial application segment led the global decorative lumen market and accounted for more than 55.0% share of the total revenue in 2017. The growth can be attributed to an increase in demand from various end-use industries including hospitality, retail, healthcare, office space and education among others. Furthermore, a rise in tourism is expected to boost the development of hotels which will subsequently propel product demand over the forecast period.
The residential sector is projected to expand at a CAGR of XX% from 2018 to 2030 owing to increasing urbanization leading people towards modern living spaces with enhanced aesthetics that include lighting as well as other decorative features such as furniture and flooring solutions provided by luminaires.
Regional Analysis:
Asia Pacific decorative luminaires market is expected to witness significant growth over the forecast period owing to increasing demand from commercial and residential applications. The region accounted for a share of more than 35% in 2017, which can be attributed to high urbanization and rising disposable income. Furthermore, growing adoption of LED lighting in countries such as China and India is anticipated to drive regional product demand over the forecast period.
Europe decorative lumenaires market was valued at USD X million in 2017 owing to presence of developed infrastructure coupled with high consumer awareness regarding energy conservation practices. Moreover, stringent government regulations pertaining quality standards are also driving industry growth across this region. Germany led Europe decorative lumenaires industry followed by U.K., France, Italy among other countries due their developed manufacturing industries along with increased spending on public infrastructure projects such as airports and sports complexes among others have been driving regional product demand since past few years -decade ago).
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of decorative luminaires
- Growing popularity of LED lighting technology
- Proliferation of smart home technologies and IoT devices
- Rising disposable income levels in developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Decorative Luminaires Market Research Report
By Type
LED Luminaires, CFL Luminaires, Incandescent Luminaires
By Application
Residential, Commercial
By Companies
Acuity Brands, Signify, LEDVANCE, GE Lighting, Ideal Industries, Hubbell, Copper, Kichler, Generation Brands, Maxim Lighting, Feit Electric Company, Leviton, Hudson Valley Lighting, Tech Lighting, Swarovski Lighting, Hubbarton Forge, Visual Comfort, Urban Electric, 2nd Ave Lighting, Trinity lighting, Hinkley
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Decorative Luminaires Market Report Segments:
The global Decorative Luminaires market is segmented on the basis of:
Types
LED Luminaires, CFL Luminaires, Incandescent Luminaires
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
- Kichler
- Generation Brands
- Maxim Lighting
- Feit Electric Company
- Leviton
- Hudson Valley Lighting
- Tech Lighting
- Swarovski Lighting
- Hubbarton Forge
- Visual Comfort
- Urban Electric
- 2nd Ave Lighting
- Trinity lighting
- Hinkley
Highlights of The Decorative Luminaires 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 Luminaires
- CFL Luminaires
- Incandescent Luminaires
- 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 Luminaires 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 luminaires are a type of lighting that is used to add an extra level of beauty and elegance to any room. They come in a variety of shapes and sizes, and can be used in both indoor and outdoor settings.
Some of the major companies in the decorative luminaires market are Acuity Brands, Signify, LEDVANCE, GE Lighting, Ideal Industries, Hubbell, Copper, Kichler, Generation Brands, Maxim Lighting, Feit Electric Company, Leviton, Hudson Valley Lighting, Tech Lighting, Swarovski Lighting, Hubbarton Forge, Visual Comfort, Urban Electric, 2nd Ave Lighting, Trinity lighting, Hinkley.
The decorative luminaires market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Decorative Luminaires 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 Luminaires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Decorative Luminaires 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 Luminaires 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 Luminaires Market Size & Forecast, 2018-2028
4.5.1 Decorative Luminaires Market Size and Y-o-Y Growth
4.5.2 Decorative Luminaires Market Absolute $ Opportunity
Chapter 5 Global Decorative Luminaires 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 Luminaires Market Size Forecast by Type
5.2.1 LED Luminaires
5.2.2 CFL Luminaires
5.2.3 Incandescent Luminaires
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Decorative Luminaires 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 Luminaires Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Decorative Luminaires 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 Luminaires 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 Luminaires Analysis and Forecast
9.1 Introduction
9.2 North America Decorative Luminaires 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 Luminaires Market Size Forecast by Type
9.6.1 LED Luminaires
9.6.2 CFL Luminaires
9.6.3 Incandescent Luminaires
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 Luminaires 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 Luminaires Analysis and Forecast
10.1 Introduction
10.2 Europe Decorative Luminaires 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 Luminaires Market Size Forecast by Type
10.6.1 LED Luminaires
10.6.2 CFL Luminaires
10.6.3 Incandescent Luminaires
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 Luminaires 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 Luminaires Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Decorative Luminaires 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 Luminaires Market Size Forecast by Type
11.6.1 LED Luminaires
11.6.2 CFL Luminaires
11.6.3 Incandescent Luminaires
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 Luminaires 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 Luminaires Analysis and Forecast
12.1 Introduction
12.2 Latin America Decorative Luminaires 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 Luminaires Market Size Forecast by Type
12.6.1 LED Luminaires
12.6.2 CFL Luminaires
12.6.3 Incandescent Luminaires
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 Luminaires 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 Luminaires Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Decorative Luminaires 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 Luminaires Market Size Forecast by Type
13.6.1 LED Luminaires
13.6.2 CFL Luminaires
13.6.3 Incandescent Luminaires
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 Luminaires 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 Luminaires Market: Competitive Dashboard
14.2 Global Decorative Luminaires 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 Kichler
14.3.9 Generation Brands
14.3.10 Maxim Lighting
14.3.11 Feit Electric Company
14.3.12 Leviton
14.3.13 Hudson Valley Lighting
14.3.14 Tech Lighting
14.3.15 Swarovski Lighting
14.3.16 Hubbarton Forge
14.3.17 Visual Comfort
14.3.18 Urban Electric
14.3.19 2nd Ave Lighting
14.3.20 Trinity lighting
14.3.21 Hinkley
