Global Lighting Fixtures and Luminaires Market to Reach $145.3 Billion by 2030: Surging Demand for LED Lighting Emerges as the Fundamental Growth Driver

Dublin, July 10, 2023 (GLOBE NEWSWIRE) -- The "Lighting Fixtures and Luminaires: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Lighting Fixtures and Luminaires estimated at US$84.1 Billion in the year 2022, is projected to reach a revised size of US$145.3 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030.

Non-Portable, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$111 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Portable segment is readjusted to a revised 5.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $16.1 Billion, While China is Forecast to Grow at 8.7% CAGR

The Lighting Fixtures and Luminaires market in the U.S. is estimated at US$16.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$31.6 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$27.2 Billion by the year 2030.

Select Competitors (Total 645 Featured) -

• Acuity Brands Lighting, Inc.
• American Electric Lighting
• Holophane
• Juno Lighting Group
• Lithonia Lighting
• Amerlux, LLC
• Bajaj Electricals Ltd.
• Cree Lighting
• GE Current
• Eaton Corporation plc
• ELK Group International, Inc.
• Fagerhults Belysning AB
• FW Thorpe Plc
• Havells India Limited
• Hella KGaA Hueck & Co.
• Hubbell, Inc.
• Koito Manufacturing Company Ltd.
• LEDvance GmbH
• LSI Industries, Inc.
• Lutron Electronics Co., Inc.
• NVC Lighting Technology Corporation
• OMS, a.s.
• OPPLE Lighting Co., Ltd.
• Osram GmbH
• Panasonic Corporation
• Seren Lighting Ltd.
• Schreder SA
• Signify N.V.
• Color Kinetics
• Targetti Sankey S.p.A.
• Technical Consumer Products, Inc.
• Toshiba Lighting & Technology Corporation
• TRILUX GmbH & Co. KG
• Venture Lighting International, Inc.
• Zumtobel Group AG
• Thorn Lighting Ltd.

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 Pandemic and Looming Global Recession
• 2020: A Year of Disruption & Transformation
• As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
• World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
• COVID-19 Pandemic Impacts Smart Lighting Market
• Smart Lighting Solutions to be part of Recovery Plans of European Countries
• Home Office Trend Drives Demand for Lighting with Smart Features
• IoT- and LED-Powered Platforms to Allow Safe Return of People to Workplaces
• COVID-19 Pandemic Fuels Demand for Touch Free LED Lighting Devices
• An Introduction to Lighting Fixtures and Luminaires
• Types of Lighting Fixtures
• End-Use Sectors
• Lighting Fixtures and Luminaires: Shaping the Future of Energy Efficient Lighting Technologies
• Global Market Prospects & Outlook
• Developing Regions Poised to Record Healthy Gains
• Construction Activity: A Key Demand Determinant
• World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
• Investments in Infrastructure Projects Support Market Demand
• Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
• Global Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
• Competition
• An Intensely Competitive Marketplace
• Lighting Fixtures and Luminaires Competitor Market Share Scenario Worldwide (in %): 2020
• LED Luminaires Market Share Breakdown by Leading Competitors (in %): 2020
• Leading Players in the Global General Lighting Market (In %) for 2020
• M&A Emerges as Viable Approach Amid Growing Competition
• World Brands
• Recent Market Activity
• Lighting Fixtures and Luminaires - Global Key Competitors Percentage Market Share in 2021 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Prominent Technologies and Trends with Potential to Transform Lighting Industry
• IoT and Artificial Intelligence Gain Significance in Lighting Applications
• Surging Demand for LED Lighting Emerges as the Fundamental Growth Driver for the Market
• Typical LED Downlight Luminaire Cost (In %) by Component
• Global LED Lighting Market by Segment (in %) for 2020
• LED Lamps and Luminaires' Penetration Varies Across General Lighting Segments
• LED Luminaires Adoption in Commercial Buildings Set to Increase
• Wider Uptake of LED Lighting in Industrial Facilities to Drive Demand for Industrial LED Luminaires
• Efficiency Requirements Boost LED Luminaires Demand
• LED Outdoor Lighting Poised for High Adoption in the Future
• Global LED Lighting Market by Application (in %): 2020
• LED Lighting Adoption Faster in Countries with High Power Costs
• High Power Costs Supports Adoption of LED Lighting Systems: Household Electricity Prices (in US$ per kWh) by Country (December 2020)
• OLED Lighting Remains a Niche Category
• Demand for Waterproof LED Luminaires Witnesses a Surge
• Government Policies Spur Adoption of Energy Efficient Lamps and Luminaires
• LED Lighting for Hazardous Environments
• Advances in Foundation Technology and Processes Allow LEDs to become Smarter
• Advances in LED Domain Allow Luminaires to Evolve at Lighting Speed
• Lighting Innovations to Support Performance, Quality and Connectivity
• Increasing Adoption of LEDs in Innovative Niche Lighting Markets Favor Market Expansion
• Proliferation of Smart Lighting, Connected Home Technology and Digitization Drive Healthy Market Growth
• Global Smart Lighting Market by Application (in %) for 2020
• Global Smart LED Lighting Market by Distribution Channel (in %): 2020
• Superior Attributes of Smart Lighting over Traditional Lighting to Boost Market Prospects
• Smart Intelligent LED Lighting Catalyzes Growth Prospects
• Commercial Lighting: Adoption of Smart Lighting Systems Surges As a Measure to Cut Energy Costs
• Lighting Technology Advancements for Commercial Buildings
• An Insight into Top Trends in Commercial Lighting
• Residential Sector: A Potential Laden Application Segment in the Long Run
• Smart Lighting for Homes Surges amidst the Pandemic
• Demand Rises for Smart, Energy Efficient Lighting Systems in Industrial Applications
• Connected, Embedded, and Sustainable Lighting Drive Enormous Changes in Luminaire Design and Functionality
• Connected Lighting to Witness Emergence of Several New Trends
• Lighting Controls in Fixtures Offer Higher Savings, Energy Efficiency, and Space Efficiency, Augurs Well for Market Expansion
• Controls for Connected, Intelligent, and Advanced LED luminaires
• Rise of Smart Cities and Focus on Smart Energy Management Opens Up Opportunities for Smart Lighting Products
• Global Market for Smart City Technologies in US$ Million for the Years 2019 and 2025
• Smart Lighting Systems Find High Demand from Street Lighting Networks
• Connected Street Lighting to Surge Post Pandemic
• New Smart City Projects Spur Market Growth for Smart Street Lighting Systems
• Consumer Spending on Smart Home Technologies Gathers Steam, Presenting Opportunities for Smart Lighting Solutions
• Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
• Global Smart Home Market Breakdown by Technology (in %) for 2018 and 2022
• Demand Rises for Energy Efficient Lighting Systems in Industrial Applications
• Lighting Technologies for Industrial Spaces: Features, Rated Hours and Applications
• Modernization Initiatives to Spur Demand for Industrial Luminaires
• Latest Trends and Innovations in Industrial LED Lighting Industry
• Smart Lighting Deployments Gain Momentum in Government Buildings and Public Lighting
• Smart Lighting Solutions to Meet Needs of Healthcare Facilities
• Advances in Lighting System & Controls Drive Adoption in Healthcare Facilities
• Automotive Remains a Core End-Use Sector for Lighting Systems
• Global Automotive Lighting Market by Technology (in %) for 2020
• Global Automotive Lighting Market Breakdown (in %) by Segment: 2020
• Pandemic's Impact on Automobile Production Affects Vehicular Lighting Products Market
• World Automobile Production in Million Units for 2008-2022
• Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
• Noteworthy Trends in Next-Generation Automotive Lighting
• Laser Light Represents Cornerstone Technology for Automotive Headlight
• Stylish and Decorative Luminaires Drive Market Growth for Architectural Fixtures
• Global Architectural LED Market by Application (in %) for 2020
• Sculptural Lighting Fixtures Stand to Make Gains
• Innovative Architectural Lighting Trends & Innovations
• Home Decor Trends Drive the Portable Lighting Fixtures Market
• Specialty Lighting Applications to Boost Demand for Smart Lighting Systems
• UV Light Emerges as Important Weapon in War against COVID-19 Pandemic
• Continuous Innovations & Changing Design Trends: The Mark of Lighting Fixtures Market
• Transformative Trends in Lighting Designs
• Lighting Design Considerations for a Post-COVID World
• Emerging Lighting Trends: An Overview
• Review of Select Interior Lighting Design Trends
• Fixture Designs Impact Performance and Environment
• Key Design Trends in the Lighting Fixtures Market
• A Review of Select Innovative LED Fixtures
• Lighting Decor Trends
• Demographic and Socioeconomic Trends Influence Market Prospects
• Ballooning Global Population
• World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
• Urbanization Trend
• World Urban Population in Thousands: 1950-2050P
• Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
• Growing Middle Class Population
• Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
• Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
• Improving Standards of Living

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/hwuwtz

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• Global Market for Lighting Fixtures and Luminaires