Global Lighting Fixture Market by Product (Pendant & Chandeliers, Ceiling), by Source (LED & OLED, Fluorescent) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global lighting fixture market was worth USD 99.36 trillion in 2019. It is projected to grow at a 4.5% CAGR between 2020 and 2027. The market will be driven by the increasing demand for energy-efficient products in both the commercial and residential sectors. The lighting fixture is also supported by the government through low-energy consumption plans.

The growing preference for better domestic lighting and the rapid growth of the realty industry are expected to increase the demand for this lighting fixture. Yard lamps are also in demand due to the increasing number of wealthy communities.

In the commercial sector, LED light modules are also becoming more popular. Lighting fixtures are anticipated to be popular due to their attractive appeal and ability enhance the aura of the place.

LED lights consume 80% less energy that conventional lights like incandescent and fluorescent lights. Unlike fluorescent bulbs, LED bulbs do not contain toxic material. These factors have led to consumers switching from traditional lights to LEDs. LED lighting adoption will be affected by the global effort to eliminate traditional lighting in China and Brazil as well as European countries.

Smart and connected LED lights will be the next trend in smart homes projects. The industry has moved from analogue to digital systems. Users can now control, measure and monitor light efficiency. Modern consumers will need wireless lighting, dimmers, or control devices that have advanced sensors. Wi-Fi-connected smart bulbs can control temperature, brightness, and multiple colors using IoT technology.

Source Insights

The fluorescent lamp was the most popular, with 51.03% of the market share in 2019, due to its superior characteristics over the incandescent. Incandescent bulbs are obsolete because they use a metal filament to produce light. Fluorescent lamps, on the other hand, use gas to produce light and are therefore less energy-intensive. The fluorescent lamp segment has the highest share due to its longer life span, energy efficiency and low cost.

Fluorescent lamps can be used with incandescent lighting fixtures. There are many sizes and shapes available for recessed fixtures such as ceiling lighting, table lamps, and wall-mounted lighting. Many manufacturers have developed compact fluorescent lamps (CFLs), which can be used as three-way lamps with dimmer switches. Fluorescent light fixtures have been in high demand because of their compatibility, brightness, and superior quality.

Due to the increased use of energy-efficient products, the LED and OLED segments of the lighting fixture market are expected to grow at 6.1% CAGR over the forecast period. The government regulations governing the phasing out of traditional lamps and bulbs are driving the demand for LED light fixtures. The LED lighting market is growing because of the involvement of key players in the industry.

The growth can be attributed to the increasing penetration of LED lighting fixtures, product innovation, and smart lighting that can be connected to smart devices via HTML3_ technology. In India, Philips launched a smart WiFi LED in 2019 using WiZ technology platform and a tablet or smartphone. The smart LED bulb allows you to customize the lighting appearance by changing the color.

Product Insights

Wall-mounted and ceiling mounted light fixtures combined accounted for more than 60% of total revenue in 2019. This is due to high adoption of interior lighting by households, hospitals and corporate offices, shopping centers, educational institutes and other institutions. Ceiling and wall mounted light fixtures create a brighter and more inviting atmosphere in indoor and outdoor spaces. Wall mounted lighting fixtures have seen a rise in popularity due to the availability of different types of wall-mounted lighting fixtures, both for residential and commercial use.

The highest expected CAGR for pendant and chandelier light fixtures is 5.2%. This segment is growing because of the increasing demand for lighting fixtures that have a rich, elegant appearance and high quality materials. The demand for chandelier lights fixtures is increasing due to the attractive designs and low prices.

Windfall, a German-based company, launched wall lamps and LED chandeliers in India in 2019. Customers are attracted to chandelier lighting fixtures because of minor variations such as direct switches or with dimmers, chain hanging and other finishes.

Distribution Channel Insights

In 2019, the offline channel segment held the largest share at 93.06%. This is due to the detailed instructions for installing light fixtures, which helps in choosing high quality products. The offline channel helps identify the buyer's willingness and spending capacity.

Due to the availability and growth of e-commerce in many countries, including the U.S., U.K. and China, the online channel will expand at the fastest rate CAGR over the forecast period. The online portal will likely see a rise in lighting fixture sales due to the wide variety of products available and the increasing penetration of smart phones.

Application Insights

In 2019, the commercial segment held the largest share at 84.9%. This can be attributed to the increasing use of lighting fixtures in shops, offices, warehouses and hospitals. There are also many benefits of using advanced bulbs. In addition, smart city development projects are increasing and government support for energy efficient products are driving up the demand for commercial lighting fixtures.

Due to increased use of LED bulbs to replace incandescent or fluorescent bulbs for home decor, the residential lighting fixtures segment is forecast to grow at a highest CAGR rate of 5.3% during the forecast period. Smart lighting fixtures are becoming more popular due to their advanced features such as comfort dimming, compatibility with smart devices, and other benefits. HomeKit lighting fixtures, for example, can be controlled by personal assistant solutions.

Regional Insights

Asia Pacific was the region with the largest share, 47.9%, in 2019. This is due to increased government support for energy-efficient lighting in emerging economies. The Domestic Efficient Lighting Programme (DELP), a scheme that replaces incandescent bulbs and CFL lamps with LED lighting, was launched by the Indian government in 2015. Commercial enterprises also invest heavily in shops, hospitals and salons, as well as educational institutes, warehouses and malls. This is to attract customers. China's government has set up various regulations regarding energy conservation and environmental protection. This will encourage the growth of this market by promoting energy-efficient products like lighting fixtures.

North America accounted for 23.4% of the 2019 revenue share. This is due to rising demand for smart lighting with bluetooth enabled audio systems and air purifiers. Europe will also see significant growth due to the improved lighting quality, longer lifespan and energy-efficient lighting fixtures.

The fastest CAGR in the Middle East and Africa is 4.8%, according to forecasts. This is due to the growth of the construction industry and government investments in energy-efficient products. In 2016, for example, the UAE government, in partnership with Philips provided lighting fixtures for new buildings. This region is home to the largest producers and consumers LED lighting fixtures, with Saudi Arabia, UAE, and South Africa being the leaders.

Market Share Insights & Key Companies

Koninklijke Philips N.V., Cree Inc., General Electric, Hubbell Lighting, Inc., Acuity Brands, Inc., Eaton Corporation, Panasonic Corporation, OSRAM Licht AG, Nichia Corporation, and Everlight Electronics Co., Ltd. are some of the major players in this market for lighting fixtures.

Osram, General Electric, Siemens and General Electric have all ceased their traditional lighting business, and now focus on the lucrative healthcare business. Market players are investing more in R&D for medical devices and the automotive industry.

Lighting Fixture Market Report Scope

The Report Covers Certain Segments

This report provides a forecast of revenue growth at the country, regional and global levels. It also analyzes the industry trends for each sub-segment from 2016 through 2027. Grand View Research has divided the global market for lighting fixtures on the basis: source, product, distribution channel and application.

• Source Outlook (Revenue USD Million, 2016-2027)

  • Incandescent

  • Fluorescent

  • OLED & LED

• Product Outlook (Revenue USD Million, 2016-2027)

  • Ceiling

  • Pendant & Chandeliers

  • Wall Mounted

  • Portable

  • Other

• Distribution Channel Outlook (Revenue USD Million, 2016-2027)

  • Offline

  • Online

• App Outlook (Revenue USD Million, 2016-2027)

  • Residential

  • Commercial

• Regional Outlook (Revenue USD Million, 2016-2027)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

These are the most frequently asked questions about this report

b. Global lighting fixtures market was valued at USD 99.36 Billion in 2019, and is forecast to grow to USD 103.13 Billion by 2020.

b. Global lighting fixtures market will grow at a compound annual rate of 4.5% between 2020 and 2027, to reach USD 140.76 million by 2027.

b. Asia Pacific was the market leader in lighting fixtures, with a 47.9% share in 2019. This can be attributed to the increasing support from governments for energy-efficient lighting in emerging economies.

b. Koninklijke Philips N.V., Cree Inc., General Electric, Hubbell Lighting, Inc., Acuity Brands, Inc., Eaton Corporation, Panasonic Corporation, OSRAM Licht AG, Nichia Corporation, and Everlight Electronics Co., Ltd. are some of the key players in this market for lighting fixtures.

b. The market growth is driven by the increasing demand for energy efficient products in residential and commercial sectors, as well as government support for low energy consumption.

Up Market Research published a new report titled “Lighting Fixture Market research report which is segmented by Product (Pendant & Chandeliers, Ceiling), by Source (LED & OLED, Fluorescent), By Players/Companies Ltd and others, Inc; Eaton Corporation; Panasonic Corporation; OSRAM Licht AG; Nichia Corporation; and Everlight Electronics Co, Koninklijke Philips NV; Cree Inc; General Electric; Hubbell Lighting, Inc; Acuity Brands”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Lighting Fixture Market Report Segments:

The market is segmented by Product (Pendant & Chandeliers, Ceiling), by Source (LED & OLED, Fluorescent).

Lighting Fixture Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Lighting Fixture Market

Overview of the regional outlook of the Lighting Fixture Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Lighting Fixture Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Lighting Fixture Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Pendant & Chandeliers

                2. Ceiling

                1. LED & OLED

                2. Fluorescent

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Lighting Fixture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
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Reasons to Purchase the Lighting Fixture Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.