Lighting Fixtures Market to Exhibit 6.9% CAGR 2015 to 2021; Focus on Adoption of Energy-Efficient Lighting Technologies to Drive Growth
The vendor landscape of the global market for lighting fixtures features a highly fragmented vendor landscape owing to the presence of a large number of companies, observes Transparency Market Research in a recent report. With nearly 90% of the market held by regional players, international vendors operating amid an intense level of competition are resorting to strategic collaborations as a way of gaining foothold in lucrative regional markets. Ploughing in resources into research and development with the view of introducing...
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