Insights on the Lighting Fixtures Global Market to 2030 - Rapid Adoption of Advanced Lightning Solution Such as LED is Driving Growth

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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