Lighting Fixture Market, by Product Type (Ceiling, Pendant & Chandelier, Wall Mounted, Recessed, Portable, High bay, Low bay, and Others (Emergency lighting, Track lighting, and Fan)), by Application (Industrial and Commercial, Residential, Outdoor, Architectural, and Others (Automotive, Aerospace, and Machinery)) and by Geography - Global Forecast to 2025
- Report code : CMI231023 |
- Industry :
Consumer Electronics
- Published On : Nov 2017 |
- Pages : 300 Pages |
- Format :
Global Lighting Fixture Market
The lighting fixture is an electronic device, which is attached to wall or ceiling to create an artificial light. The global lighting fixture market was valued at US$ 163.02 billion in 2017 from US$ 153.15 billion in 2016. The market is projected to exhibit a CAGR of 7.8% during the forecast period (2017–2025), reaching US$ 297.26 million by 2025. The demand for reducing power consumption has become one of the major factors for growth of the lighting fixture market. The replacement of conventional light to modern LED has become the major driver for growth of lighting fixture manufacturers. The growing construction industry, rising population, and increasing disposable income worldwide, especially in emerging economies has boosted growth of the global lighting fixture market.
Increasing smart city projects plays a major role in the growth of the lighting fixture market size globally
Growing investment in smart city projects in developing economies is major factor for growth of the market. Moreover, increasing number of construction of smart building has propelled demand for energy saving infrastructure. For instance, according to Indian General Budget 2016 – 2017, the Government of India released a fund of US$ 49.4 million for the development of 100 smart cities across the economy.
Figure 1. Global Lighting Fixture Market, 2016
Source: Coherent Market Insights Analysis
Industrial and commercial segment holds the dominating position in the lighting fixture market.
On the basis of application type, the global lighting fixture market is segmented into industrial and commercial, residential, outdoor, architectural, and others (automotive, aerospace, and machinery). The industrial and commercial application segment held the dominant position in 2016 and is projected to retain its dominance throughout the forecast period. In 2017, the industrial and commercial application generated the revenue of US$ 66.99 billion up from US$ 62.67 billion. The high involvement of governmental bodies of various economies for energy saving has become one of the major factors for providing dominating position to the industrial and commercial application. The industrial and commercial applications are the two largest segment for energy consumption in the nation. According to energy saver, Office of Energy Efficiency & Renewable Energy in the U.S., with new standard of Energy Independence and Security Act (EISA) in 2015, the U.S. households save nearly US$ 6 billion.
Asia Pacific holds a dominant position in the global lighting fixture market
On the basis of geography, the global Lighting Fixture market is segmented into North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East. According to Coherent Market Insights, Asia Pacific held a dominant position in the global lighting fixture market in 2016 and is projected to retain its dominance throughout the forecast period. The market in the Asia Pacific was valued at US$ 58.28 billion in 2016. The high density of population has become one of the major factors for growth of the market. India and china are the two densely populated economies in this region. According to population reference bureau, the number of people in china is 1,387 million and in India it is 1353 million in 2017. The economic development of these economies is expected to boost the growth of residential, commercial, and industrial sector. Moreover, the transaction phase of conventional lighting fixture to LED is creating a demand for new fixture. The North America market is projected to shows a stagnated demand for the lighting fixture market. In emerging economies, the demand for lighting fixture is mainly for replacement of conventional lighting systems.
The lighting fixture is an electronic device, which is used to create an artificial light. The global lighting fixture market was valued at US$ 163.02 billion in 2017 from US$ 153.15 billion in 2016. The market is projected to exhibit a CAGR of 7.8% during the forecast period (2017 – 2025), reaching US$ 297.26 million by 2025.
Market Dynamics
The increasing smart city projects have become a key factor for the growth of the light fixture market. The smart city projects raised the demand for energy saving infrastructure, which boosts the market of lighting fixture. According to Indian general budget 2016 – 2017, the Government of India released a fund of US$ 49.4 million (RS 3205 crore) for the development of 100 smart cities across the economy. Moreover, the rising demand for reducing power consumption plays a major role in the growth of the lighting fixture market. The replacement of conventional light to modern LED become has the major driver for the lighting fixture providers. In addition, rising population, increasing construction industry, and rising disposable income especially in emerging economies have raised the global lighting fixture market.
Market Taxonomy
This report segments the global lighting fixture market on the basis of product type, application, and geography. On the basis of product type, the market is segmented into ceiling, pendant & chandelier, wall mounted, recessed, portable, high bay, low bay, and others (emergency lighting, track lighting, and fan). On the basis of application, the market is segmented into industrial and commercial, residential, outdoor, architectural, and others (automotive, aerospace, and machinery). For a comprehensive understanding of market dynamics, the market is analyzed across key geographical regions namely, North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East. Each of these regions is analyzed based on the market findings across major economies in these regions for a macro-level understanding of the market.
Key features of the study:
- This report provides an in-depth analysis of the lighting fixture market with market size (US$ Million) and CAGR (%) for the forecast period: 2017 – 2025, considering 2016 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
- It profiles leading players in the global lighting fixture market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies.
- Key companies covered as a part of this study include Acuity Brands Lighting, Inc., Acuity Brands, Inc., American Electric Lighting, Bajaj Electricals Ltd., Cooper Lighting, LLC, Hubbel Lighting, Inc., Juno Lighting Group, Koninklijke Philips N.V., LSI Industries. and Zumtobel Lighting GmbH.
- Insights from this report will allow marketers and management authorities of companies to make informed decisions with respect to their future product launch, technology upgrades, market expansion, and marketing tactics.
- Various strategy matrices used in analyzing the lighting fixture market would provide stakeholders vital inputs to make strategic decisions accordingly.
Detailed Segmentation:
- Global Lighting fixture Market, By Product Type:
- Ceiling, Pendant & Chandelier
- Wall Mounted
- Recessed
- Portable
- High bay and Low bay
- Others (Emergency lighting, Track lighting and Fan)
- Global Lighting fixture Market, By Application:
- Industrial and Commercial
- Residential
- Outdoor
- Architectural
- Others (Automotive, Aerospace, Machinery)
- Global Lighting fixture Market, By Geography:
- North America
- By Country
- U.S.
- Canada
- By Segmentation
- By Product Type:
- Ceiling, Pendant & Chandelier
- Wall Mounted
- Recessed
- Portable
- High bay and Low bay
- Others (Emergency lighting, Track lighting and Fan)
- By Application:
- Industrial and Commercial
- Residential
- Outdoor
- Architectural
- Others (Automotive, Aerospace, Machinery)
- Europe
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Segmentation
- By Product Type:
- Ceiling, Pendant & Chandelier
- Wall Mounted
- Recessed
- Portable
- High bay and Low bay
- Others (Emergency lighting, Track lighting and Fan)
- By Application:
- Industrial and Commercial
- Residential
- Outdoor
- Architectural
- Others (Automotive, Aerospace, Machinery)
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest Of Asia Pacific
- By Segmentation
- By Product Type:
- Ceiling, Pendant & Chandelier
- Wall Mounted
- Recessed
- Portable
- High bay and Low bay
- Others (Emergency lighting, Track lighting and Fan)
- By Application:
- Industrial and Commercial
- Residential
- Outdoor
- Architectural
- Others (Automotive, Aerospace, Machinery)
- Latin America
- By Country
- Brazil
- Mexico
- Rest Of Asia Pacific
- By Segmentation
- By Product Type:
- Ceiling, Pendant & Chandelier
- Wall Mounted
- Recessed
- Portable
- High bay and Low bay
- Others (Emergency lighting, Track lighting and Fan)
- By Application:
- Industrial and Commercial
- Residential
- Outdoor
- Architectural
- Others (Automotive, Aerospace, Machinery)
- Africa
- By Country
- South Africa
- Central Africa
- North Africa
- By Segmentation
- By Product Type:
- Ceiling, Pendant & Chandelier
- Wall Mounted
- Recessed
- Portable
- High bay and Low bay
- Others (Emergency lighting, Track lighting and Fan)
- By Application:
- Industrial and Commercial
- Residential
- Outdoor
- Architectural
- Others (Automotive, Aerospace, Machinery)
- Middle East
- By Country
- GCC
- Israel
- Rest Of Middle East
- By Segmentation
- By Product Type:
- Ceiling, Pendant & Chandelier
- Wall Mounted
- Recessed
- Portable
- High bay and Low bay
- Others (Emergency lighting, Track lighting and Fan)
- By Application:
- Industrial and Commercial
- Residential
- Outdoor
- Architectural
- Others (Automotive, Aerospace, Machinery)
- Company Profiles
- Acuity Brands Lighting, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Acuity Brands, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- American Electric Lighting
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Bajaj Electricals Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Cooper Lighting, LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Hubbel Lighting, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Juno Lighting Group
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Koninklijke Philips N.V.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- LSI Industries
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Zumtobel Lighting GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
Table of Contents
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Application
- Market Snippet By Product Type
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launch
- Global Lighting Fixture Market, By Application, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Industrial and Commercial
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Residential
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Outdoor
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Architectural
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Others (Automotive, Aerospace, Machinery)
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Global Lighting Fixture Market, By Product Type, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Ceiling, Pendant & Chandelier
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Wall Mounted
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Recessed
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Portable
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- High bay and Low bay
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Others (Emergency lighting, Track lighting and Fan)
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Global Lighting Fixture Market, By Regions, 2015 - 2025 (USD Million)
- Introduction
- Market Share Analysis, By Region, 2016 and 2025 (%)
- North America
- By Country
- U.S.
- Canada
- By Segment
- Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Europe
- By Country
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Segment
- Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest Of Asia Pacific
- By Segment
- Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Latin America
- By Country
- Brazil
- Mexico
- Rest Of Asia Pacific
- By Segment
- Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Africa
- By Country
- South Africa
- Central Africa
- North Africa
- By Segment
- Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Middle East
- By Country
- GCC
- Israel
- Rest Of Middle East
- By Segment
- Market Size and Forecast, By Product Type, 2015 - 2025 (USD Million)
- Market Size and Forecast, By Application, 2015 - 2025 (USD Million)
- Competitive Landscape
- Company Profiles
- Acuity Brands Lighting, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Acuity Brands, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- American Electric Lighting
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Bajaj Electricals Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Cooper Lighting, LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Hubbel Lighting, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Juno Lighting Group
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Koninklijke Philips N.V.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- LSI Industries
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Zumtobel Lighting GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse all the market data tables and figures on "Lighting Fixture Market - Global forecast to 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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