The global lighting fixtures market was valued at more than US$ 26 Bn in 2017 and is anticipated to reach more than US$ 76 Bn by the end of 2025.
Albany, NY -- (SBWIRE) -- 10/25/2017 -- The global lighting fixtures market is impacted by macroeconomic factors, such as government spending on infrastructure. The demand for lighting fixtures is also dependent on private infrastructure projects, such as construction of shopping malls and residential buildings. On the basis of global macroeconomic and microeconomic factors, the global lighting fixtures is likely to grow at nearly 14% CAGR during the period 2017-2025. These insights are according to a new research report added to the vast repository of Market Research Reports Search Engine (MRRSE). The report titled "Lighting Fixtures Market: Global Industry Analysis (2012 to 2016) and Forecast (2017-2025)" offers detailed analysis and insights into the global lighting fixtures market.
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Energy efficiency is a key trend prevailing in the global lighting fixtures market. End-users are focusing on lighting equipment that offers benefits in the long run. As a result of the evolution in end-user demand, lighting manufacturers are broadening their products offerings to include more LED and OLED lightings. The trend towards energy-efficient lighting will continue to remain prevalent in the market during the forecast period.
In a bid to offer comprehensive insights to readers, the report has segmented the market on the basis of various parameters. The segmentation provided to readers includes segmentation by application, light source, type, and region. On the basis of type, outdoor lighting is an attractive segment, and is likely to grow at a robust pace during the forecast period 2017-2025. By application, street lighting and residential segments hold opportunities for stakeholders in this market. By light type, the fluorescent segment continues to remain large in terms of revenues. However, it is the LED and OLED segments where manufacturers can expect the next level of opportunities.
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According to the report, the U.S. and Western European countries are attractive in terms of research and development of advanced lighting fixtures. Sales of premium lighting fixtures will translate into higher revenues for manufacturers in these markets. However, in terms of volume, Asia Pacific excluding Japan (APEJ) will remain a lucrative market. China and India, two of the world's most populous countries, are also turning into economic powerhouses. The governments in these two countries are focusing on revamping old infrastructure and build smart cities of the future. Owing to this, there has been considerable increase in the demand for lighting fixtures in these countries. It is highly likely that APEJ will continue to be an emerging market for lighting manufacturers globally.
To provide readers with detailed insights, the report has profiled the leading countries, and analyzed their strategies. The competitive landscape section of the report can be beneficial for readers looking to understand how different players are placed in this market. The key players profiled in the report include Acuity Brands Lighting, Inc, ATG Electronics, Royal Philips NV, CREE, INC, GE Lighting, LLC, L.D. Kichler Co., Disano Illuminazione S.p.A, Brilliant Lighting Limited, Briloner Leuchten GmbH, OSRAM Licht AG, Hubbell Lighting, Inc., EGLO Leuchten GmbH, Panasonic Corporation, Eaton Corporation, Kenroy Homes, Delta Light, Beghelli SpA, Glamox lighting, IKEA, Endo Lighting Corp.
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