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Lighting Fixtures and Luminaires - Global Strategic Business Report

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    Report

  • 1667 Pages
  • October 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338772
The global market for Lighting Fixtures and Luminaires is estimated at US$89.2 Billion in 2023 and is projected to reach US$145.3 Billion by 2030, growing at a CAGR of 7.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the lighting fixtures and luminaires market is driven by several factors, including technological innovations, increased awareness of energy efficiency, and changes in consumer preferences. As environmental concerns become more prominent, there is a growing demand for energy-efficient lighting solutions, driving the adoption of advanced technologies like LEDs and smart lighting systems that can adapt to users' needs while reducing power consumption.

Additionally, the expansion of the construction sector, particularly in emerging economies, presents significant opportunities for the deployment of modern lighting solutions in new residential and commercial developments. Consumer trends toward more personalized and stylish home environments also boost demand for fixtures that are not only functional but also aesthetically pleasing.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Non-Portable Lighting Fixtures and Luminaires segment, which is expected to reach US$111.0 Billion by 2030 with a CAGR of a 7.6%. The Portable Lighting Fixtures and Luminaires segment is also set to grow at 5.4% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $16.9 Billion in 2023, and China, forecasted to grow at an impressive 8.9% CAGR to reach $31.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Lighting Fixtures and Luminaires Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Lighting Fixtures and Luminaires Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Lighting Fixtures and Luminaires Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Ai Live Home Kit Co., Ltd., Acuity Brands Lighting Inc., Ampcontrol Pty., Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 645 Featured):

  • Ai Live Home Kit Co., Ltd.
  • Acuity Brands Lighting Inc.
  • Ampcontrol Pty., Ltd.
  • Acuity Brands, Inc.
  • Acclaim Lighting
  • ADJ Products LLC
  • Alloy Industry Co., Ltd.
  • American Electric Lighting
  • ACDC LED Ltd.
  • Arancia Lighting Inc.
  • ANP Lighting, Inc.
  • Abacus Lighting Holdings Limited
  • aoshenglighting.com Corporation.
  • Andre Fu Living Limited
  • Aquarii, Inc.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • 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
  • 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
  • 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 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • Continuous Innovations & Changing Design Trends: The Mark of Lighting Fixtures Market
  • Transformative Trends in Lighting Designs
  • 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 Décor 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
  • TABLE 1: World Recent Past, Current & Future Analysis for Non-Portable by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Non-Portable by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 3: World 16-Year Perspective for Non-Portable by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Portable by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Portable by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 6: World 16-Year Perspective for Portable by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Parts & Accessories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Parts & Accessories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 9: World 16-Year Perspective for Parts & Accessories by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Residential Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Residential Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 12: World 16-Year Perspective for Residential Lighting by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Automotive Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Automotive Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 15: World 16-Year Perspective for Automotive Lighting by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Office Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Office Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 18: World 16-Year Perspective for Office Lighting by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Outdoor Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Outdoor Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 21: World 16-Year Perspective for Outdoor Lighting by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Architectural Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Architectural Lighting by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 24: World 16-Year Perspective for Architectural Lighting by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 25: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 26: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 27: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • TABLE 28: World Lighting Fixtures and Luminaires Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Lighting Fixtures and Luminaires by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Lighting Fixtures and Luminaires by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • TABLE 31: World 16-Year Perspective for Lighting Fixtures and Luminaires by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • The United States: Prime Market for Lighting Fixtures and Luminaires
  • Construction Activity Dynamics Determine Trends in Lighting Fixtures Market
  • Demand for Smart LED Lighting Witnesses Steady Adoption
  • Demand Continues to Grow for Connected LED Lighting Solutions
  • Smart Street Lighting Offers Significant Opportunities for Market Penetration
  • LEDs Hold Potential in Retrofit Applications
  • LED Lighting and Luminaires Market in the US: A Glance at Key Factors Influencing Demand
  • LED Luminaires along with Software, Connectivity and Sensing to Make Cities Smart
  • Lamps: LEDs Continue to Gain Over Other Lighting Technologies
  • Decorating Trends in Residential Sector Influence Luminaires Market
  • Lighting Controls: Facilitating Lighting Management Anywhere Anytime
  • Emerging Trends in LED Luminaire Designs Drive Adoption in Indoor Applications
  • Evolving Optics and Form Factors
  • Controllability
  • Industrial LED Luminaires Grow in Prominence over Conventional Industrial Luminaires
  • Green Products Emerge in a Big Way
  • Regulatory Initiatives Boost LED Lighting Fixtures Demand
  • New Standard Interface for Advanced Lighting Systems
  • Energy Conservation Initiatives Invigorate Demand for LEDs
  • ENERGY STAR Specifications for Outdoor Lighting Fixtures
  • Competitive Scenario
  • Distribution Channels
CANADA
  • Market Overview
  • Construction Industry Trends Impact Demand for Lighting Fixtures
JAPAN
  • Market Overview
  • Ceiling Lighting Finds Preference as Opposed to Hanging Fixtures
  • Distribution Channels
CHINA
  • China: A Major Leading Producer, Consumer & Exporter of Lighting Luminaires
  • Construction Activity and Urbanization: Major Demand Determinants
  • Rise in LED Deployments Bodes Well for the Market
  • LED Deployments Influenced by Growing Significance of Energy Conservation & Eco-friendliness
  • China Emerges as a Key Market for Smart Lighting Products
  • Smart LED Lighting Market Holds Tremendous Potential in China
  • Chinese Regulatory Standards for Lighting Products
  • Competition
  • Distribution Channels
EUROPE
  • Market Overview
  • LED Luminaires Stand to Gain from Growing Adoption of LED Lighting
  • Energy Efficiency Factor Spurs Market Demand
  • Shift towards LC-LMS Technology Influences Demand
  • Europe: A Major Market for Smart Lighting and Lighting Controls
  • Smart LED Street Lightings Gather Pace in Europe
  • Competition
FRANCE
  • Market Overview
GERMANYITALY
UNITED KINGDOM
  • Retrofitting of Existing Lighting with Efficient Lamps Drives Demand for Luminaires
  • LED Lighting Fixtures on a Growth Path
  • Demand for Smart LEDs in Street Lighting Gains Momentum
  • Cellular and Radio Technologies to Experience Growing Adoption in Smart Street Lighting
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Asia-Pacific Evolves into the Core Market for Lighting Fixtures
  • Rise in LED Deployments Spurs Momentum in Lighting Industry
AUSTRALIA
INDIA
  • India: A Market Laden with Opportunities
  • Availability and Energy Efficiency Drive Consumer Interest
  • LED Lighting Pushes Eco-efficiency in Urban India
  • Smart LED Technology Emerges as Key Solution to Curb Energy Demand
  • LEDs Taking Over from HIDs in India’s Street Lights Market
  • Popularity of Recessed Luminaires on the Rise
  • Rising Affluence Drives Demand for Higher Priced and Designer Luminaires
  • Indian Households by Income Group (In %) for 2019 & 2025
  • India Focuses on Domestic Production of Lighting Components
SOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • LED Lighting Fixtures Witness Rising Popularity in the Middle East
  • Smart LED Lighting Market to Register Impressive Gains in the Middle East
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Ai Live Home Kit Co., Ltd.
  • Acuity Brands Lighting Inc.
  • Ampcontrol Pty., Ltd.
  • Acuity Brands, Inc.
  • Acclaim Lighting
  • ADJ Products LLC
  • Alloy Industry Co., Ltd.
  • American Electric Lighting
  • ACDC LED Ltd.
  • Arancia Lighting Inc.
  • ANP Lighting, Inc.
  • Abacus Lighting Holdings Limited
  • aoshenglighting.com Corporation.
  • Andre Fu Living Limited
  • Aquarii, Inc.

Table Information