Market Overview:
The global lighting fixtures and luminaires market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions, growing awareness about the benefits of LED lights, and rising investments in smart cities. The global lighting fixtures and luminaires market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into LED lights, CFLs (compact fluorescent lamps), incandescent bulbs, and others (including halogen bulbs and high-intensity discharge lamps). LED lights are expected to witness highest growth during the forecast period owing to their energy-efficiency as well as durability. On the basis of application, residential sector is expected to account for majority share in terms of revenue followed by commercial sector during 2018–2030.
Product Definition:
A lighting fixture (sometimes called a luminaire) is an electrical device used to create artificial light. Lighting fixtures are often classified by their light source: incandescent, fluorescent, or LED.
LED:
The global LED market size was valued at USD 32.0 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to several factors such as low power consumption, longer life span, high efficiency, and enhanced visual performance among others.
CFL:
Compact Fluorescent Lamps (CFLs) are one of the most popular lighting sources globally. They are available in different forms and sizes, but their basic structure remains the same. A CFL consists of a glass or plastic reflector, a fluorescent tube, and a metal halide lamp filament which is connected to an electrical plug.
Application Insights:
The commercial application segment led the global lighting fixtures and luminaires market in 2017. This is attributed to an increase in the number of shopping malls, offices, business complexes and hotels. Furthermore, growing preference for LED products due to their energy-efficient nature will boost product demand over the forecast period.
The residential sector is expected to witness significant growth over the forecast period owing to increasing urbanization as a result of population growth and migration from rural areas towards cities. Rapidly expanding housing schemes coupled with rising consumer disposable income levels in developing countries including China India Vietnam Indonesia Philippines Brazil will drive industry expansion over the next eight years ¢â‚¬Å“2030¢â‚¬ according to IFEA Global Lighting Report 2018 released by International Fixtures & Equipment Association (IFE).
Regional Analysis:
North America dominated the global lighting fixtures and luminaires market in 2017. The region is expected to maintain its dominance over the forecast period. This can be attributed to growing adoption of energy-efficient lighting solutions, increasing demand for smart lights, and rising preference for aesthetically pleasing light sources in residential as well as commercial applications. Moreover, presence of key market players such as General Electric; OSRAM GmbH & Co.; Cree Inc.; and Bridgelux Corporation is also contributing toward industry growth in this region.
Asia Pacific regional segment is anticipated to witness significant growth over the forecast period owing to rapid urbanization coupled with increasing disposable income levels among consumers especially in developing countries such as India and China. Furthermore, government initiatives encouraging people from middle class income groups are likely to contribute toward increased penetration of premium quality products including CFLs across households particularly in commercial sectors will drive industry expansion further down the line.
Growth Factors:
- Increasing demand from the commercial sector: The global lighting fixtures and luminaires market is expected to grow at a CAGR of 5.5% during the forecast period. This can be attributed to the increasing demand from the commercial sector, as businesses are increasingly adopting energy-efficient lighting solutions to reduce their electricity bills.
- Growing awareness about energy efficiency: There is a growing awareness among consumers about the importance of energy efficiency, which is driving them to adopt energy-efficient lighting fixtures and luminaires in their homes and offices.
- Rising demand for LED lights: The global market for LED lights is expected to grow at a CAGR of 17% during the forecast period owing to its high efficiency and low power consumption as compared with other types of light bulbs. This is likely to boost growth in the global lighting fixtures and luminaires market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lighting Fixtures and Luminaires Market Research Report
By Type
LED, CFL, Incandescent, Others
By Application
Residential, Commercial, Others
By Companies
Philips, General Electric, Acuity Brands Lighting, Advanced Lighting Technologies, Bajaj Electricals, OSRAM, Panasonic, TOSHIBA, Eaton, Thorn, Cree, Inc, 3M, Zumtobel Group AG, TargettiSankeyS.p.A., SIMKAR Corporation, Valmount Composite Structures, Inc., TaschibraBrasil, Strand Lighting, KALCO Lighting, Inc, Opple Lighting, FW Thorpe Plc, Grote Industries, Inc, HELLA KGaAHueck& Co, Architectural Area Lighting, Inc, Venture Lighting International, Inc, LSI Industries, Inc, NVC (Huizhou) Lighting Technology Corporation, Evolution Lighting, LLC, Spaulding Lighting, Inc, Prescolite, Inc
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Lighting Fixtures and Luminaires Market Report Segments:
The global Lighting Fixtures and Luminaires market is segmented on the basis of:
Types
LED, CFL, Incandescent, Others
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, Others
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:
- Philips
- General Electric
- Acuity Brands Lighting
- Advanced Lighting Technologies
- Bajaj Electricals
- OSRAM
- Panasonic
- TOSHIBA
- Eaton
- Thorn
- Cree, Inc
- 3M
- Zumtobel Group AG
- TargettiSankeyS.p.A.
- SIMKAR Corporation
- Valmount Composite Structures, Inc.
- TaschibraBrasil
- Strand Lighting
- KALCO Lighting, Inc
- Opple Lighting
- FW Thorpe Plc
- Grote Industries, Inc
- HELLA KGaAHueck& Co
- Architectural Area Lighting, Inc
- Venture Lighting International, Inc
- LSI Industries, Inc
- NVC (Huizhou) Lighting Technology Corporation
- Evolution Lighting, LLC
- Spaulding Lighting, Inc
- Prescolite, Inc
Highlights of The Lighting Fixtures and 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
- CFL
- Incandescent
- Others
- By Application:
- Residential
- Commercial
- Others
- 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 Lighting Fixtures and 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?
Lighting fixtures and luminaires are the devices used to provide light in a room. They come in many different shapes and sizes, with a variety of features. Some common features include:nnu00b7 A light bulb or LED bulb that provides the lightnu00b7 A reflector or lens that directs the light where it is needednu00b7 A housing or cover to protect the fixture from dust, debris, and other damage
Some of the key players operating in the lighting fixtures and luminaires market are Philips, General Electric, Acuity Brands Lighting, Advanced Lighting Technologies, Bajaj Electricals, OSRAM, Panasonic, TOSHIBA, Eaton, Thorn, Cree, Inc, 3M, Zumtobel Group AG, TargettiSankeyS.p.A., SIMKAR Corporation, Valmount Composite Structures, Inc., TaschibraBrasil, Strand Lighting, KALCO Lighting, Inc, Opple Lighting, FW Thorpe Plc, Grote Industries, Inc, HELLA KGaAHueck& Co, Architectural Area Lighting, Inc, Venture Lighting International, Inc, LSI Industries, Inc, NVC (Huizhou) Lighting Technology Corporation, Evolution Lighting, LLC, Spaulding Lighting, Inc, Prescolite, Inc.
The lighting fixtures and luminaires market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lighting Fixtures and Luminaires Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lighting Fixtures and Luminaires Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lighting Fixtures and Luminaires Market - Supply Chain
4.5. Global Lighting Fixtures and Luminaires Market Forecast
4.5.1. Lighting Fixtures and Luminaires Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lighting Fixtures and Luminaires Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lighting Fixtures and Luminaires Market Absolute $ Opportunity
5. Global Lighting Fixtures and Luminaires Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lighting Fixtures and Luminaires Market Size and Volume Forecast by Type
5.3.1. LED
5.3.2. CFL
5.3.3. Incandescent
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lighting Fixtures and Luminaires Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lighting Fixtures and Luminaires Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lighting Fixtures and Luminaires Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lighting Fixtures and Luminaires Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lighting Fixtures and Luminaires Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lighting Fixtures and Luminaires Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lighting Fixtures and Luminaires Demand Share Forecast, 2019-2026
9. North America Lighting Fixtures and Luminaires Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lighting Fixtures and Luminaires Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lighting Fixtures and Luminaires Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lighting Fixtures and Luminaires Market Size and Volume Forecast by Type
9.7.1. LED
9.7.2. CFL
9.7.3. Incandescent
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lighting Fixtures and Luminaires Demand Share Forecast, 2019-2026
10. Latin America Lighting Fixtures and Luminaires Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lighting Fixtures and Luminaires Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lighting Fixtures and Luminaires Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lighting Fixtures and Luminaires Market Size and Volume Forecast by Type
10.7.1. LED
10.7.2. CFL
10.7.3. Incandescent
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lighting Fixtures and Luminaires Demand Share Forecast, 2019-2026
11. Europe Lighting Fixtures and Luminaires Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lighting Fixtures and Luminaires Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lighting Fixtures and Luminaires Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lighting Fixtures and Luminaires Market Size and Volume Forecast by Type
11.7.1. LED
11.7.2. CFL
11.7.3. Incandescent
11.7.4. Others
11.8. Basis Point Shae (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lighting Fixtures and Luminaires Demand Share, 2019-2026
12. Asia Pacific Lighting Fixtures and Luminaires Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lighting Fixtures and Luminaires Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lighting Fixtures and Luminaires Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lighting Fixtures and Luminaires Market Size and Volume Forecast by Type
12.7.1. LED
12.7.2. CFL
12.7.3. Incandescent
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lighting Fixtures and Luminaires Demand Share, 2019-2026
13. Middle East & Africa Lighting Fixtures and Luminaires Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lighting Fixtures and Luminaires Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lighting Fixtures and Luminaires Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lighting Fixtures and Luminaires Market Size and Volume Forecast by Type
13.7.1. LED
13.7.2. CFL
13.7.3. Incandescent
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lighting Fixtures and Luminaires Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lighting Fixtures and Luminaires Market: Market Share Analysis
14.2. Lighting Fixtures and Luminaires Distributors and Customers
14.3. Lighting Fixtures and Luminaires Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Philips
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. General Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Acuity Brands Lighting
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Advanced Lighting Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bajaj Electricals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. OSRAM
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TOSHIBA
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Eaton
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Thorn
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Cree, Inc
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. 3M
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zumtobel Group AG
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TargettiSankeyS.p.A.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SIMKAR Corporation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Valmount Composite Structures, Inc.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. TaschibraBrasil
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Strand Lighting
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. KALCO Lighting, Inc
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Opple Lighting
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
