The Worldwide Lighting Fixtures Industry is Expected to Grow at a CAGR of 7.3% Between 2021 to 2029 - ResearchAndMarkets.com

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DUBLIN, October 27, 2021--(BUSINESS WIRE)--The "Lighting Fixtures Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029" report has been added to ResearchAndMarkets.com's offering.

This report provides insights into the global lighting fixtures market in addition to market size and forecasts for the period from 2019 to 2029. The research study offers strategic in-depth analysis on market segments based on product type, end-use application and cross-sectional analysis geographic regions including North America, Europe, Asia Pacific, and RoW. The market is expected to grow at a CAGR of 7.3% during the forecast period 2021 - 2029.

Companies Mentioned

  • Acuity Brands Inc.

  • General Electric Company

  • Cooper Lighting LLC

  • Hubbell Lighting Inc.

  • Koninklijke Philips N.V.

  • Crompton Greaves Ltd.

  • Cree Inc.

  • Bajaj Electricals Ltd.

  • Amerlux LLC

  • Panasonic Corporation

  • OSRAM GmbH

  • LSI Industries Inc.

The global market for lighting fixtures and concerned accessories is predominantly driven by new installations, which, subsequently is influenced by infrastructural development. Revival of the construction industry post economic recession is identified as one of the major factors driving lighting fixtures market worldwide. In addition, stringent energy efficiency norms and regulations coupled with greater awareness among people regarding optimum energy consumption is redefining the future of the lighting industry. The lighting fixture market has been witnessing strong growth with growing popularity of smart luminaires. Smart lighting fixtures are integral for developing smart cities due to their ability to curb operational costs and save energy. Initiatives taken by the governments around the globe to develop smart cities are influential in driving demand for smart lighting fixtures worldwide.

The global lighting fixtures market is experiencing an influx of energy efficient products such as LED lighting luminaires. LED lighting fixtures are quickly becoming popular across public and private environments. Benefits offered by the LED technology in terms of energy efficiency, durability, and cost savings are supporting the adoption of LED lighting fixtures across different application segments.

This report analyzes the global lighting fixtures market in terms of product type, end-use application, and geography. Based on product type, the global lighting fixtures market has been categorized into portable lighting fixtures, non-portable lighting fixtures, and other variants including special purpose lighting fixtures and accessories. Furthermore, the global lighting fixtures market is also segmented based on end-use application into industrial, residential buildings, architectural & commercial, automotives, and outdoor. The geographical distribution of the global lighting fixtures market considered for this research study covers regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Key Topics Covered:

1. Preface

2. Executive Summary

3. Global Lighting Fixtures Market Analysis

3.1. Global Lighting Fixtures Market Overview

3.2. Market Inclination Insights

3.2.1. Recent Trends

3.2.2. Future Outlook

3.3. Market Dynamics

3.3.1. Market Drivers

3.3.2. Market Challenges

3.4. Attractive Investment Proposition

3.5. Competitive Landscape

3.5.1. Market Positioning of Leading Manufacturers

3.5.2. Major Strategies Adopted

3.5.3. Analyst Recommendations

4. Global Lighting Fixtures Market Value, By Product Type, 2019 - 2029 (US$ Bn)

4.1. Comparative Analysis

4.2. Portable Lighting Fixtures

4.3. Non-portable Lighting Fixtures

4.4. Others (Accessories, etc.)

5. Global Lighting Fixtures Market Value, By Application, 2019 - 2029 (US$ Bn)

5.1. Comparative Analysis

5.2. General Lighting

5.2.1. Residential

5.2.2. Architectural & Commercial

5.2.3. Industrial

5.2.4. Outdoor

5.3. Automotive Lighting

5.4. Backlighting

6. North America Lighting Fixtures Market Analysis, 2019 - 2029 (US$ Bn)

7. Europe Lighting Fixtures Market Analysis, 2019 - 2029 (US$ Bn)

8. Asia Pacific Lighting Fixtures Market Analysis, 2019 - 2029 (US$ Bn)

9. Rest of World Lighting Fixtures Market Analysis, 2019 - 2029 (US$ Bn)

10. Company Profiles

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005686/en/

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