The global Lighting Fixtures Market is slated to grow on an astute note in the forecast period. The world is on the verge of adopting AR (Augmented Reality), VR (Virtual Reality), and ER (Extended Reality). Though these technologies were confined to gaming initially, the present-day uses comprise simulation software used for training Army, US Navy, and Coast Guard ship captains. The other verticals have also started adapting to these technological advances and would continue to do so further. lighting market is being driven by continuous innovations in the LED drivers coupled with integrating headstrong Wi-Fi communications modules with respect to lighting. Smart City projects are being propagated all across the emerging economies, which would keep the cash registers ringing for the smart lighting market.
By volume the revenue from the global lighting fixtures market is expected to reach at US$ 2491.0 Mn in 2017, while by the end of 2027, the market is likely to touch the figure of US$ 5,710.6 in terms of volume. This market is anticipated to touch the healthy CAGR of 14 % between 2017 and 2027.
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Smart lighting market is being driven by continuous innovations in the LED drivers coupled with integrating headstrong Wi-Fi communications modules with respect to lighting. Smart City projects are being propagated all across the emerging economies, which would keep the cash registers ringing for the smart lighting market. Semiconductor industry is looking for alternatives to silicon like nanomaterials and graphene to render higher performance coupled with efficiency. Plus, designing circuits through microbial components or manufacturing devices with recyclable and biodegradable electronics devices does facilitate the manufacturers to make use of fewer and safer raw materials. The Lighting Fixtures Market is likely to witness this constructive turbulence in the upcoming period.
The global lighting fixtures market is expected to witness high revenue growth during the forecast period. This growth is attributed to increasing smart city project and an increasing adaption of LED lighting across the globe. “Lighting Fixtures Market: Global Industry Analysis (2012 to 2016) and Forecast (2017-2027)” is the new report published by Persistence Market Research for a projected period of eight years, i.e. 2017-2027.
The global lighting fixtures market is anticipated to expand at a robust CAGR over the forecast period and Asia Pacific lighting fixture market is expected to witness relatively high growth rate over the forecast period. Extracting government contract for replacing old infrastructure and continuous updating product portfolio are the key strategies being adopted by the key players in the global lighting fixtures market.
Key Players:
The report has profiled some of the Important players prevalent in the global like – CREE, INC, Hubbell Lighting, Inc., GE Lighting, LLC, OSRAM Licht AG, Royal Philips NV, Acuity Brands Lighting, Inc, ATG Electronics, Panasonic Corporation, L.D. Kichler Co., Eaton Corporation, 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 and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Lighting Fixtures.
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
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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 2027. 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 2027 the LED and OLED segment is anticipated to record a significant growth in market share from 37.4% in 2017 to 59.7% in 2027.
Key geographies evaluated in this report are:
North America – U.S, Canada
Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, Others
Latin America – Argentina, Brazil, Others
Key Stakeholders
Lighting Fixtures Market Manufacturers
Lighting Fixtures Market Distributors/Traders/Wholesalers
Lighting Fixtures Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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