Decorative lighting market, evolving lighting product design concept leading to premiumization to drive growth

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NEW YORK, September 28, 2022 /PRNewswire/ — The decorative lighting market the size should increase by $8.32 billion at CAGR of 4.75% over the forecast period, according to Technavio. The market is fragmented and the degree of fragmentation will accelerate over the forecast period. AB Fagerhult, Acuity Brands Inc., Bridgelux Inc., General Electric Co., Generation Lighting, Honeywell International Inc., IDEAL INDUSTRIES INC., Maxim Lighting International, OSRAM GmbH and Signify NV are some of the major market players.

Technavio has announced its latest market research report titled Global Decorative Lighting Market 2022-2026

The evolution of lighting product design concept leading to premiumization, growing demand for energy-efficient decorative lighting products and development of smart cities will provide immense opportunities for growth.

However, the perceived value gap among customers, uncertainty surrounding the US-China trade war, and high usage of alternative lighting products will test the growth of market players. Request a free sample report.

To make the most of the opportunities, sellers in the market should focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Decorative Lighting Market Segmentation

  • Product

  • Distribution channel

  • Geography

Decorative Lighting Market Scope

Technavio presents a detailed picture of the market through study, synthesis and summation of data from multiple sources. Our decorative lighting market report covers the following areas:

  • Decorative Lighting Market Size

  • Decorative Lighting Market Trends

  • Decorative Lighting Market Industry Analysis

This study identifies increasing use of smart lighting systems as one of the major reasons for the decorative lighting market growth over the next few years. Buy a sample report.

Decorative Lighting Market Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the decorative lighting market including some of the vendors such as vendors. Backed by competitive intelligence and benchmarking, our Decorative Lighting Market research reports are designed to provide entry assistance, customer profiling and Mergers & Acquisitions as well as go-to-market strategy support. market.

  • AB Fagerhult

  • Acuity Brands Inc.

  • Amerlux LLC

  • Bridgelux Inc.

  • Capital Lighting Fixture Co.

  • Crenshaw Lighting

  • Feit Electric Co. Inc.

  • General Electricity Company.

  • Lighting Generation

  • Honeywell International Inc.

  • Hubbell Inc.

  • Hudson Valley Lighting Inc.

Find more highlights on vendor growth strategies and product offerings, download a free sample report.

Decorative Lighting Market Highlights

  • CAGR of the market over the forecast period

  • Detailed information on the factors that will contribute to the growth of the decorative lighting market over the next five years

  • Estimation of the decorative lighting market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the decorative lighting market

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of factors that will challenge the growth of the Decorative Lighting Market vendors

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Decorative Lighting Market Scope

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 4.75%

Market Growth 2022-2026

$8.32 billion

Market structure

Fragmented

Annual growth (%)

3.67

Regional analysis

APAC, Europe, North America, South America, Middle East and Africa

Successful market contribution

APAC at 49%

Main consumer countries

United States, China, Japan, Germany and United Kingdom

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

AB Fagerhult, Acuity Brands Inc., Amerlux LLC, Bridgelux Inc., Capital Lighting Fixture Co., Crenshaw Lighting, Feit Electric Co. Inc., General Electric Co., Generation Lighting, Honeywell International Inc., Hubbell Inc., Vallée de Hudson Lighting Inc., IDEAL INDUSTRIES Inc., The Jaquar Group, Maxim Lighting International, Nichia Corp., OSRAM GmbH, Shimera Project Lighting Pvt. Ltd., Signify NV and Voylite

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, and Status Analysis market for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents :

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Product

6 Market Segmentation by Distribution Channel

7 Customer Landscape

8 Geographic landscape

9 drivers, challenges and trends

10 Supplier Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Global Decorative Lighting Market 2022-2026

Global Decorative Lighting Market 2022-2026

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