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:

Report AttributeDetails
No. of Pages1667
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$84.1 Billion
Forecasted Market Value (USD) by 2030$145.3 Billion
Compound Annual Growth Rate7.1%
Regions CoveredGlobal

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

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

 
Global Market for Lighting Fixtures and Luminaires

Coordonnées