Global Lighting Fixture Market

Global Lighting Fixture Market Size, Share, Growth Analysis, By By Source(Incandescent, Fluorescent), By By Product(Ceiling, Pendant & Chandeliers) - Industry Forecast 2023-2030


Report ID: SQMIG20D2203 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 65 | Figures: 80

Global Lighting Fixture Market Insights

Global Lighting Fixture Market size was valued at USD 273.69 billion in 2022 and is poised to grow from USD 301.33 billion in 2023 to USD 650.65 billion by 2031, growing at a CAGR of 10.10% during the forecast period (2024-2031).

The global lighting fixture market includes different kinds of products that are used for illumination such as luminaires, lamps, etc. Increasing focus on energy efficiency around the world is driving up the demand for lighting fixtures that consume less energy and provide good luminance. The increasing willingness of consumers to spend on lighting fixtures with advanced lighting technologies and the high availability of different designs in the lighting fixture market is also estimated to offer new growth opportunities for lighting fixture providers. High demand for LED lighting fixtures and a high focus on the replacement of fluorescent and incandescent lighting fixtures are also slated to boost sales growth in the future. Growing demand for smart lighting solutions on a global level and integration of advanced technologies such as the Internet of Things (IoT) with lighting solutions is also slated to create a highly opportune scenario for lighting fixture companies in the long run. Growing availability and demand for custom lighting fixtures is also a trend that could boost demand growth. High consumer spending on home and office aesthetics and the evolving living standards of people around the world can also boost lighting fixture sales in the future.

Market snapshot - 2024-2031

Global Market Size

USD 273.69 billion

Largest Segment

LED

Fastest Growth

LED

Growth Rate

10.10% CAGR

Global Lighting Fixture Market ($ Bn)
Country Share Asia Pacific for Region (%)
Global Lighting Fixture Market By Source ($ Bn)
Global Lighting Fixture Market By Source(%)

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Global Lighting Fixture Market Segmental Analysis

The global lighting fixture market is segmented based on Source, Product, Distribution Channel, Application, and region. Based on Source, the market is bifurcated into Incandescent, Fluorescent, LED & OLED. On the basis of product, the market is segmented into Ceiling, Pendant & Chandeliers, Wall Mounted, Portable, and Others. Based on distribution channels, the market is divided into Offline and Online. In terms of application, the market is segmented into Residential and commercial. On a regional level, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis By Source

LED lighting fixtures account for a dominant share of the global lighting fixture market in terms of source and this can be directly linked to their exceptional energy efficiency, long lifespan, and versatility in various applications. Lower electricity bills due to the adoption of LED lighting and the reduced environmental impact of the same allow it to hold a dominant share in this marketplace. Growing adoption of LED lighting fixtures in residential as well as commercial applications is also a factor that boosts growth in this segment. LED lighting offers users the freedom to control light intensity in a precise manner and this is why it's being used extensively in different industries. Government regulations promoting the use of LED lighting also contribute to high market share.

Demand for OLED lighting fixtures is projected to grow at the fastest pace in the global lighting fixture marketplace over the coming years. The thin and lightweight nature of OLEDs allows companies to make unique designs and offers them maximum creative freedom. High use of OLEDs in decorative and architectural lighting applications will open up new avenues of opportunities for market growth. High manufacturing costs of OLEDs restrict their adoption to a certain extent. However, rising investments in research and development of OLEDs are driving down production costs which will open up new avenues of opportunities in the future. High-end and luxury applications witness high use of OLEDs as their performance and unique design are appreciated in these settings.

Analysis By Product

Ceiling fixtures account for a dominant share of the global lighting fixture marketplace as most infrastructure deploys lighting fixtures on ceilings. ceiling fixtures are a popular choice for general lighting needs as well as decorative lighting needs as they provide excellent illumination. Both residential and commercial settings utilize ceiling fixtures allowing them to maintain a prominent sales and revenue share. Flush mount and semi-flush mount designs are extensively used in the lighting needs of homes, offices, schools, hotels, and other types of infrastructure.

Portable lighting fixtures are projected to witness a rapid growth in demand over the coming years. This type of fixtures popularly include floor lamps and table lamps. Easy repositioning of these fixtures and customizable use are factors that are estimated to boost demand growth in this segment. Growing spending on interior decoration and home customization is predicted to uplift sales of portable lighting fixtures in the long run. The increasing adoption of portable lights to create an attractive work-from-home setup is also contributing to the rising sales of portable lighting fixtures.

Global Lighting Fixture Market By Source, 2023 (%)

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Global Lighting Fixture Market Regional Insights

Asia-Pacific accounts for a dominant share of global lighting fixture demand owing to rising disposable income and changing consumer preferences. Countries such as China and India are estimated to be key markets for lighting fixture suppliers owing to rapid urbanization and growing investments in infrastructure development. The growing use of lighting fixtures in residential, commercial, and industrial sectors of multiple countries in this region allows it to hold a dominant stance. Furthermore, the presence of key lighting fixture manufacturers is also a key prospect that bolsters market growth in this region.

The Middle East and Africa region is emerging as the fastest-growing regions in the global lighting fixture market. The launch of several new infrastructure development projects to promote economic growth in this region is driving up sales of lighting fixtures in this region. High demand for energy-efficient lighting is promoting sales of LED and other types of energy-efficient lighting technologies. The expanding urban population and the development of rural areas are also slated to create attractive growth opportunities for lighting fixture suppliers in the future. .

Global Lighting Fixture Market By Geography, 2024-2031
  • Largest
  • Fastest

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Global Lighting Fixture Market Dynamics

Drivers

Energy Efficiency and Sustainability:

  • A rising focus on sustainability around the world is slated to promote the adoption of energy-efficient lighting solutions, which is predicted to favor lighting fixture market growth. Increasing availability of energy-efficient LEDs and other types of lighting fixtures opens up new avenues of opportunities for all lighting fixture market players in the future.

Smart Lighting and IoT Integration:

  • The proliferation of smart technology in the lives of people and the integration of advanced technologies with lighting solutions are boosting the demand for smart lighting around the world. Remote control, adaptive lighting, and energy optimization are some features of smart lighting that are driving up its demand around the world.

Restraints

High Initial Costs:

  • Getting a good light fixture can be a good investment in the long term but is initially a high expense, which is why some people refrain from opting for energy-efficient and advanced lighting fixtures. This issue can significantly deter customers in price-sensitive markets where the spending potential is limited. Smart lighting fixtures cost substantially more than their traditional counterparts.

Market Saturation and Competition:

  • North America and Europe have developed markets where the lighting fixture market is highly saturated, which has resulted in slower replacement cycles that have hurt lighting fixture sales potential. Moreover, the high availability of different types of products with competitive pricing is also a factor that could inhibit the lighting fixture market growth in the future.

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Global Lighting Fixture Market Competitive Landscape

Established lighting fixture manufacturers account for a dominant share of the global lighting fixture marketplace while innovative start-ups are penetrating the markets with unique solutions and services. lighting fixture companies are continually investing in the development of new designs and technologies to stay competitive in the marketplace. lighting fixture manufacturers are also focusing on improving the energy efficiency of their products to comply with changing regulations and evolving consumer preferences. advancements in lighting technology are also vital to lighting fixture market growth in the future. The rising popularity of smart lighting and integration of lighting with smart home technologies are trends that lighting fixture suppliers should keep an eye out for going forward. Collaborations, partnerships, and mergers are estimated to be popular strategies that established as well as new companies can opt for if they want to improve their competitive advantage. Product innovation and competitive pricing are factors that could make or break a lighting fixture business in the long run.

Top Player’s Company Profile

  • Fagerhult Group (Sweden)
  • Havells Sylvania (India)
  • Acuity Brands, Inc. (United States)
  • Zumtobel Group (Austria)
  • Cree, Inc. (United States)
  • Selux AG (Germany)
  • Litecontrol (United States)
  • Legrand (France)
  • Toshiba Lighting & Technology Corporation (Japan)
  • Osram Licht AG (Germany)
  • Panasonic Corporation (Japan)
  • Delta Light (Belgium)
  • Hubbell Incorporated (United States)
  • Cooper Lighting Solutions (United States)
  • Kichler Lighting (United States)
  • NVC Lighting (China)
  • SLV GmbH (Germany)
  • Illumina (United States)
  • Juno Lighting Group (United States)
  • Targetti (Italy)
  • Thorn Lighting (United Kingdom)
  • Lithonia Lighting (United States)

Recent Developments

  • Philips Lighting announced the launch of a range of smart LED lighting fixtures including floor lamps and table lamps in January 2023. The newly launched products can be controlled using voice assistants or smartphones.
  • LED filament bulbs that can mimic the look of traditional incandescent lights were launched by OSRAM, a renowned German provider of sustainable lighting solutions in February 2023.
  • In August 2023, GE Lighting, a renowned lighting solution provider, announced the launch of its new hexagonal lighting panels. Cync Smart Hexagonal Panels connect to WiFi as a smart light and are available in a pack of 7 or 10 panels.
  • A range of new smart lighting controls was launched by Lutron Electronics in April 2023. The new product line included sensors and dimmers along with other controls to help users create their personalized lighting scenarios.
  • In May 2023, a new range of LED street lights designed to improve visibility and safety on roads and public places was launched by Signify. The new products utilize a technology that provides a more uniform light distribution to improve visibility and reduce glare.

Global Lighting Fixture Key Market Trends

  • LED Lighting Dominance: LED (Light Emitting Diode) lighting fixtures are estimated to remain popular in the global lighting marketplace. Longer lifespan, better illumination, and better energy efficiency are some key benefits that allow LED lighting to account for a substantial share of the global marketplace. An increasing focus on sustainability is slated to favor the demand for LED lighting fixtures over the coming years. High use of LEDs in smart lighting solutions also favors market growth.
  • Smart Lighting Integration: Rising penetration of smart technologies in the home has led to high demand for smart lighting fixtures in commercial as well as residential settings. The increasing willingness of consumers to spend more on smart lighting solutions and the growing availability of advanced smart lighting systems are slated to boost market growth. Integration of automation and voice control with lighting solutions is a key trend that will create a plethora of new opportunities for lighting fixture companies in the long run.

Global Lighting Fixture Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per our analysis, the global lighting fixture market is poised to witness robust growth over the coming years. This growth can be ascribed to the increasing availability of innovative lighting solutions, evolving consumer preferences, growing focus on sustainability, and high adoption of energy-efficient lighting fixtures. The growing popularity of LED lighting solutions and their high use in smart lighting systems is also creating new growth scope for market players. The rising willingness of consumers to spend on home and office redesigning is also boosting lighting fixture sales. However, high initial costs of purchase and installation are projected to act as a barrier to lighting fixture market growth in the long run. Rising disposable income and growing infrastructure development are making Asia Pacific a highly opportune regional market for lighting fixture suppliers. High adoption of smart lighting solutions is a trend that will create a multitude of new opportunities for lighting fixture companies across the forecast period and beyond.

Report Metric Details
Market size value in 2023 USD 273.69 billion
Market size value in 2031 USD 650.65 billion
Growth Rate 10.10%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • By Source
    • Incandescent, Fluorescent, LED & OLED
  • By Product
    • Ceiling, Pendant & Chandeliers, Wall Mounted, Portable, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Fagerhult Group (Sweden)
  • Havells Sylvania (India)
  • Acuity Brands, Inc. (United States)
  • Zumtobel Group (Austria)
  • Cree, Inc. (United States)
  • Selux AG (Germany)
  • Litecontrol (United States)
  • Legrand (France)
  • Toshiba Lighting & Technology Corporation (Japan)
  • Osram Licht AG (Germany)
  • Panasonic Corporation (Japan)
  • Delta Light (Belgium)
  • Hubbell Incorporated (United States)
  • Cooper Lighting Solutions (United States)
  • Kichler Lighting (United States)
  • NVC Lighting (China)
  • SLV GmbH (Germany)
  • Illumina (United States)
  • Juno Lighting Group (United States)
  • Targetti (Italy)
  • Thorn Lighting (United Kingdom)
  • Lithonia Lighting (United States)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Lighting Fixture Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Lighting Fixture Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Lighting Fixture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Lighting Fixture Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Lighting Fixture Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Lighting Fixture Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Lighting Fixture Market size was valued at USD 273.69 billion in 2022 and is poised to grow from USD 301.33 billion in 2023 to USD 650.65 billion by 2031, growing at a CAGR of 10.10% during the forecast period (2024-2031).

Established lighting fixture manufacturers account for a dominant share of the global lighting fixture marketplace while innovative start-ups are penetrating the markets with unique solutions and services. lighting fixture companies are continually investing in the development of new designs and technologies to stay competitive in the marketplace. lighting fixture manufacturers are also focusing on improving the energy efficiency of their products to comply with changing regulations and evolving consumer preferences. advancements in lighting technology are also vital to lighting fixture market growth in the future. The rising popularity of smart lighting and integration of lighting with smart home technologies are trends that lighting fixture suppliers should keep an eye out for going forward. Collaborations, partnerships, and mergers are estimated to be popular strategies that established as well as new companies can opt for if they want to improve their competitive advantage. Product innovation and competitive pricing are factors that could make or break a lighting fixture business in the long run. 'Signify (Netherlands)', 'GE Lighting (United States)', 'Fagerhult Group (Sweden)', 'Havells Sylvania (India)', 'Acuity Brands, Inc. (United States)', 'Zumtobel Group (Austria)', 'Eaton Corporation (United States)', 'Cree, Inc. (United States)', 'Selux AG (Germany)', 'Litecontrol (United States)', 'Legrand (France)', 'Toshiba Lighting & Technology Corporation (Japan)', 'Osram Licht AG (Germany)', 'Panasonic Corporation (Japan)', 'Delta Light (Belgium)', 'Hubbell Incorporated (United States)', 'Cooper Lighting Solutions (United States)', 'Kichler Lighting (United States)', 'NVC Lighting (China)', 'SLV GmbH (Germany)', 'Illumina (United States)', 'Juno Lighting Group (United States)', 'Targetti (Italy)', 'Thorn Lighting (United Kingdom)', 'Lithonia Lighting (United States)'

A rising focus on sustainability around the world is slated to promote the adoption of energy-efficient lighting solutions, which is predicted to favor lighting fixture market growth. Increasing availability of energy-efficient LEDs and other types of lighting fixtures opens up new avenues of opportunities for all lighting fixture market players in the future.

LED Lighting Dominance: LED (Light Emitting Diode) lighting fixtures are estimated to remain popular in the global lighting marketplace. Longer lifespan, better illumination, and better energy efficiency are some key benefits that allow LED lighting to account for a substantial share of the global marketplace. An increasing focus on sustainability is slated to favor the demand for LED lighting fixtures over the coming years. High use of LEDs in smart lighting solutions also favors market growth.

Asia-Pacific accounts for a dominant share of global lighting fixture demand owing to rising disposable income and changing consumer preferences. Countries such as China and India are estimated to be key markets for lighting fixture suppliers owing to rapid urbanization and growing investments in infrastructure development. The growing use of lighting fixtures in residential, commercial, and industrial sectors of multiple countries in this region allows it to hold a dominant stance. Furthermore, the presence of key lighting fixture manufacturers is also a key prospect that bolsters market growth in this region.

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Global Lighting Fixture Market

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