Global Lighting Fixtures Market is Estimated to Reach USD 73.2 Million in 2023
A recent report by KD market insights titled as "Lighting Fixtures Market – By Product Type (Ceiling, Pendant and Chandelier Lighting Fixtures, Wall Mounted Market Lighting Fixtures, Recessed Market Lighting Fixtures, Portable Market Lighting Fixtures, High Bay and Low Bay Lighting Fixtures, Others) By Application (Industrial and Commercial, Residential, Outdoor, Architectural, Others) & Global Region - Market Size, Share, Trends and Forecast 2018-2023" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2023. The study also provides the Lighting Fixtures Market competitors share and region wise analysis around the globe.
Global lighting fixtures market accounted for USD 29.7 billion in 2017 and is estimated to reach USD 73.2 million in 2023, registering a compound annual growth rate (CAGR) of 13.5% between 2017 and 2023.
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Growth Drivers & Barriers
Growing infrastructure developments coupled with increasing government spending is believed to increase the demand for lighting fixtures market in the years ahead. Further, lighting fixtures are witnessing increased consumption in smart building. These factors are envisioned to bolster the growth of the market.
Development of cost savings LED lighting and rising awareness about energy savings benefits is also poised to benefit the growth of the market. Moreover, manufacturers are focusing on the development of new products and innovations in the term of design which in turn, is expected to positively impact the growth of the market.
Lighting fixtures find their application in residential, commercial and industrial sectors. Commercial places such as restaurants and hotels owners are spending significant amount on lighting fixtures to create and ambience of visitors. This rising application of lighting fixtures market is expected to impel the growth of the market.
Regional Outlook:
In the terms of geography, the lighting fixtures market is analyzed into North America, Latin America, Asia Pacific, Europe and Middle East & Africa. Among these regions, Asia Pacific is slated to account for highest percentage of market share in overall lighting fixtures market during the forecast period. Europe lighting fixtures market accounted for second position in overall lighting fixtures market in 2017.
Segmentation
The research offers a comprehensive analysis of lighting fixtures market with respect to following sub-markets:
By Product Type
Ceiling, Pendant and Chandelier Lighting Fixtures
Wall Mounted Market Lighting Fixtures
Recessed Market Lighting Fixtures
Portable Market Lighting Fixtures
High Bay and Low Bay Lighting Fixtures
Others
By Application
Industrial and Commercial
Residential
Outdoor
Architectural
Others
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
Acuity Brands, Inc.
Cooper Lighting, LLC
General Electric Company
Hubbell Lighting, Inc.
Juno Lighting Group
Koninklijke Philips N.V.
LSI Industries Inc.
OSRAM Licht AG
Panasonic Corporation Eco Solution Company
Zumtobel Lighting GmbH
Others Major and Niche Players
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Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Barriers in Global Lighting Fixtures Market
3. Global Lighting Fixtures Market Trends
4. Opportunities in Global Lighting Fixtures Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Global Lighting Fixtures Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8. Global Lighting Fixtures Market Segmentation Analysis, By Product Type
8.1. Introduction
8.2. Market Attractiveness, By Product Type
8.3. BPS Analysis, By Product Type
8.4. Ceiling, Pendant and Chandelier Lighting Fixtures Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5. Wall Mounted Market Lighting Fixtures Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.6. Recessed Market Lighting Fixtures Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.7. Portable Market Lighting Fixtures Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.8. High Bay and Low Bay Lighting Fixtures Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.9. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9. Global Lighting Fixtures Market Segmentation Analysis, By Application
9.1. Introduction
9.2. Market Attractiveness, By Application
9.3. BPS Analysis, By Application
9.4. Industrial and Commercial Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Residential Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.6. Outdoor Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.7. Architectural Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.8. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
Continue…
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