Global Lighting Fixture Market, By Type (Portable, Non-Portable, and Others), By Application (Reside

Published Date: | Report Code : EQ1940851

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Market Dynamics:

The Lighting Fixture Market is expected to promise high demand for illumination in recent years. Increasing demand from application including residential, commercial & industrial, outdoor, and others is expected to drive the growth of lighting fixture market. This market has witnessed number of key developments by major companies including  Koninklijke Philips N.V., Acuity Brands, Inc., Hubbel Lighting, Inc., Cooper Lighting, LLC, and others with focus on organic as well as inorganic growth strategies.  Developing regions including Asia Pacific and Middle East have been among the high potential markets with high growth in some of the key economies.

An electric device that provides illumination to any place is a lighting fixture. Fixtures have a switch attached to the body or connected to the power cable to control the light. Certain fixtures have switches on the wall. These function by connecting to a power supply, mainly the AC mains power.

Segment Insights:

The lighting fixture market has been segmented on the basis of type and application. Based on type, the market has been segmented into portable, non-portable, and others. Portable lights include table lamps and floor lamps. Non-portable types include various ceiling and wall fixtures, chandeliers, recessed lights, and outer lights, among others. The other types include emergency lights, safety lamps, fairy lights, etc.

On the basis of application, the market has been segmented into residential, commercial & industrial, outdoor, and others. The commercial & industrial segment is leading the market, as they aim to reduce energy consumption by using various energy-efficient devices.

This market in the APAC region is growing significantly, as countries such as China and India are witnessing rapid development and there is a growth in the construction industry of the region.

Due to the emergence of smart cities, regulatory bodies are encouraging the use of energy-efficient lighting fixtures. This factor is driving the market. Furthermore, changing consumer preferences toward newer and better technologies are also fueling market growth.

Key Factors Impacting Market Growth:

  • High demand for illumination
  • Policies for sustainable energy consumption
  • Developing construction industry 

Regional Analysis:

Major regions for the lighting fixture market are estimated to North America, Western Europe, and the Asia Pacific. North America and Western Europe have been traditional markets for lighting fixture owing to the strong presence of the industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major applications including residential, commercial & industrial, outdoor, and others. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing a transition in terms of product development and production methods. These factors are expected to drive the demand for the lighting fixture market in North America and Western Europe region. Major markets by country in these regions include the US, Germany, France, UK, Canada, Spain, and others. 

The Asia Pacific and the Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among this application including residential, commercial & industrial, outdoor, and others are estimated to register high demand for lighting fixture market during the forecast period. On the other hand, the Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting the development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of the lighting fixture market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for the lighting fixture market during the forecast period. The rest of the World including South America and Africa are estimated to be a developing market with strong potential in the strategic future.

Companies Covered: Koninklijke Philips N.V., Acuity Brands, Inc., Hubbel Lighting, Inc., Cooper Lighting, LLC, Zumtobel Lighting GmbH, LSI Industries, Juno Lighting Group, and Bajaj Electricals Ltd…

Market Segmentation:

By Type:

  • Portable
  • Non-Portable
    • Ceiling
    • Chandeliers
    • Wall Mounted
    • Recessed
    • Others
  • Others 

By Application:

  • Residential
  • Commercial & Industrial
  • Outdoor
  • Others 

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global lighting fixture market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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