Global Lighting Fixtures Market 2024-2028

Global Lighting Fixtures Market 2024-2028
The lighting fixtures market is forecasted to grow by USD 32,823.03 mn during 2023-2028, accelerating at a CAGR of 5.63% during the forecast period. The report on the lighting fixtures market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advances in LED technology, rising urbanization and infrastructure development, and rise of e-commerce and online shopping.

Technavio's lighting fixtures market is segmented as below:

By ProductCeilingWall mountedPendant and chandeliersPortable and othersBy ApplicationResidentialCommercialBy Geographical LandscapeAPACEuropeNorth AmericaMiddle East and AfricaSouth AmericaThis study identifies the emergence of smart lighting as one of the prime reasons driving the lighting fixtures market growth during the next few years. Also, growing focus on human-centric lighting and increasing demand for architectural and decorative lighting will lead to sizable demand in the market.

The report on the lighting fixtures market covers the following areas:Lighting fixtures market sizingLighting fixtures market forecastLighting fixtures market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lighting fixtures market vendors that include Acuity Brands Inc., Amerlux LLC, ams OSRAM AG, Bajaj Electricals Ltd., Eaton Corp. Plc, ELK Home, Energize CT, Everlight Electronics Co. Ltd., Fagerhults Belysning AB, General Electric Co., Havells India Ltd., Hubbell Inc., IDEAL INDUSTRIES Inc., Koninklijke Philips N.V., Nichia Corp., Panasonic Holdings Corp., Seoul Semiconductor Co. Ltd., Siemens AG, Zumtobel Group AG, and LSI Industries Inc.. Also, the lighting fixtures market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.