Dublin, Sept. 30, 2022 (GLOBE NEWSWIRE) -- The "Lighting Fixtures Market, by Product Type, by Application, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
A light fixture or light fitting is an electrical device containing an electric lamp that provides illumination. The primary components of a lighting fixture include a lamp socket, for holding purpose, and a fixture body. Lighting fixtures with an electrical lamp are termed as a luminaire.
Furthermore, lighting fixture is also comprised of electric ballast, reflectors, aperture, and an outer shell, which acts as a protective cover for the electric lamp. Over the years, lighting fixtures have evolved from conventional lighting technology and fluorescent lamps to energy-efficient lighting technology such as LED lamps.
Market Drivers
The rapid adoption of advanced lightning solution such as LED is driving the global lightning fixtures market over the forecast period. LED devices provides certain benefits over the florescent lighting. For instance, LEDs have a longer lifespan, nearly about 100,000 hours, as compared to incandescent bulb with 1000 hours and CFL with 8000 to 10,000 hours lifespan.
LEDs can also reduce the labor cost and achieve lower maintenance work due to a longer operational life. Furthermore, LED lighting fixture is far more efficient than conventional incandescent bulbs. Due to these features provided by LED, it is expected to increase over the forecast period. The global LED market was valued US$ 11.8Mn in 2019 and expected to reach US$ 27.4 Mn by 2027.
Increasing construction activities across the globe is expected to grow across the globe in specially developing economies such as India, China, Brazil and many others. In these countries witnessed large development in public, commercial, residential, and utility sectors. Thus, increasing construction activity across the globe is expected to drive the global lighting fixtures market over the forecast period.
However, high initial investments, maintenance cost and lack of awareness among consumers are expected to restrain the global lighting fixtures market over the forecast period.
Key features of the study:
- This report provides an in-depth analysis of the global light fixtures market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022 to 2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global light fixtures market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as a part of this study include Acuity Brands, Inc., Zumtobel Lighting GmbH, Cooper Lighting, LLC, Panasonic Corporation Eco Solutions Company, General Electric Company, OSRAM Licht AG, Koninklijke Philips N.V., LSI Industries Inc., Juno Lighting Group, Hubbell Lighting, Inc.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global light fixtures market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global light fixtures market
Key Topics Covered:
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Impact of COVID-19 Pandemic
4. Global Light Fixtures Market, By Product Type, 2017-2030 (US$ Billion)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Ceiling, Pendant and Chandelier
- Introduction
- Market Size and Forecast, 2017-2030, (US$ Billion)
- Recessed
- Introduction
- Market Size and Forecast, 2017-2030, (US$ Billion)
- Portable
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- High Bay and Low Bay
- Introduction
- Market Size and Forecast, 2017-2030, (US$ Billion)
- Others (Emergency Lighting, Track Lighting, and Fan)
- Introduction
- Market Size and Forecast, 2017-2030, (US$ Billion)
5. Global Light Fixtures Market, By Application, 2017-2030 (US$ Billion)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Industrial & Commercial
- Introduction
- Market Size and Forecast, 2017-2030, (US$ Billion)
- Residential
- Introduction
- Market Size and Forecast, 2017-2030, (US$ Billion)
- Outdoor
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Architectural
- Introduction
- Market Size and Forecast, 2017-2030, (US$ Billion)
- Others(Automotive, Aerospace, and Machinery)
- Introduction
- Market Size and Forecast, 2017-2030, (US$ Billion)
6. Global Light Fixtures Market, By Region, 2017-2030 (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2022 and 2030 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Product Type, 2017-2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017-2030 (US$ Billion)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Product Type, 2017-2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017-2030 (US$ Billion)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- U.K.
- Germany
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Product Type, 2017-2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017-2030 (US$ Billion)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Product Type, 2017-2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017-2030 (US$ Billion)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast, By Product Type, 2017-2030 (US$ Billion)
- Market Size and Forecast, By Application, 2017-2030 (US$ Billion)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- South Africa
- GCC Countries
- Rest of the Middle East and Africa
7. Competitive Landscape
- Company Profiles
- Acuity Brands, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Zumtobel Lighting GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Cooper Lighting, LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Panasonic Corporation Eco Solutions Company
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- General Electric Company
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- OSRAM Licht AG
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Koninklijke Philips N.V.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- LSI Industries Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Juno Lighting Group
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Hubbell Lighting, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Analyst Views
8. Section
- References
- Research Methodology
- About us and Sales Contact
Companies Mentioned
- Acuity Brands, Inc.*
- Zumtobel Lighting GmbH
- Cooper Lighting, LLC
- Panasonic Corporation Eco Solutions Company
- General Electric Company
- OSRAM Licht AG
- Koninklijke Philips N.V.
- LSI Industries Inc.
- Juno Lighting Group
- Hubbell Lighting, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ucolk7
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