New York, Oct. 10, 2022 (GLOBE NEWSWIRE) -- The global lighting fixtures market is expected to expand at a CAGR of 3.7%, thereby rising from its current market value of US$ 34 Bn to US$ 49 Bn by the end of 2032.
LED lights utilize 80% less energy than standard lights, such as incandescent and fluorescent lights. Since LED bulbs do not include harmful elements, these advantages encourage consumers to switch from standard to LED lighting. The global drive to reduce the usage of conventional lighting in numerous nations such as Europe, Brazil, and China is expected to have an influence on the adoption of LED lights.
Wireless dimmers, lighting, and control devices with sophisticated sensors are expected to meet the demands of modern consumers. Smart lights that link to Wi-Fi use IoT technology to manage the warmth, brightness, and different color selections.
Request for sample copy of report: https://www.persistencemarketresearch.com/samples/4716
“Rapid Shift from Traditional Lighting to Efficient Lighting”
The worldwide lighting industry is shifting from traditional lighting technologies, such as fluorescent and incandescent lighting, to more energy-efficient and innovative LED lighting technology.
Stringent government rules on energy use, along with rising consumer awareness of energy conservation, have resulted in a major increase in demand for innovative lighting fixtures.
Furthermore, demand for improved lighting, including color temperature, color consistency, and light dispersion, is expected to drive growth in the global lighting fixtures market, especially LED lighting fixtures, during the projected period.
Know the methodology of report: https://www.persistencemarketresearch.com/methodology/4716
What Obstacles are Prevalent in the Global Lighting Fixtures Market?
Global market growth is likely to be hampered by complex buying decisions in the lighting fixtures market. Lighting fixture purchases are not made solely by end users but rather by a team of professionals that includes lighting designers, architects, and electrical engineers.
The involvement of several professionals has complicated the buying process, which is limiting the growth of the lighting fixtures market. As a result, these constraints are projected to limit market growth over the forecast period.
Get customized reports as per requirement: https://www.persistencemarketresearch.com/request-customization/4716
Lighting Fixtures Industry Research Segmentation
By Type:
- Architecture & Commercial Lighting
- Decorative & Residential Lighting
- Industrial Lighting
- Outdoor Lighting
By Application:
- Airport Lighting
- Corporate Campus Lighting
- Retail Outlets Lighting
- Education Facilities Lighting
- Government Office & Building
Get full access of report: https://www.persistencemarketresearch.com/checkout/4716
By Light Source:
- Incandescent
- Fluorescent
- LED and OLED
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Key Companies Profiled
- CREE, INC
- Hubbell Lighting, Inc.
- GE Lighting, LLC
- OSRAM Licht AG
- Royal Philips NV
- Acuity Brands Lighting, Inc
- ATG Electronics
- Panasonic Corporation
- D. Kichler Co.
- Eaton Corporation
Other Trending Reports:
- Ultra-Portable Speakers Market
- Diffractive Optical Elements Market
- Smart Grid Sensors Market
- Refurbished and Used Mobile Phones Market
- Off-Street Parking Management Systems Market
- Smartphones Market
- CCTV Cameras Market
- Semiconductor Intellectual Property (IP) Market
- Fibre Channel HBAs Market
- Optical Transceivers Market
About Persistence Market Research:
Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
Overview:
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
Contact
Rajendra Singh
Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Visit Our Website: https://www.persistencemarketresearch.com
