What is the global market size of Decorative Lighting Market?

Global Decorative Lighting Market Size was valued at USD 37.82 Billion in 2021, and it is expected to reach a value of USD 46.19 Billion by 2028, at a CAGR of 2.90% over the forecast period (2022 - 2028). Read More

Decorative Lighting Companies

Decorative Lighting Market Competitive Landscape

Decorative Lighting Market Top Player’s Company Profiles

Acuity Brands,
General Electric Co.
OSRAM Light AG
Signify Holding (formerly Philips Lighting)
Cree, Inc.
Hubbell Incorporated
Zumtobel Group AG
Lutron Electronics Co., Inc.
Fagerhult Group
Eaton Corporation
Crompton Greaves Consumer Electricals Ltd.
Zumtobel Group AG
Wipro Lighting
Koninklijke Ten Cate nv
Feilo Sylvania (Shanghai) Lighting Co., Ltd.
Eglo Leuchten GmbH
Zumtobel Group AG
Hinkley Lighting, Inc.
Bruck Lighting Systems, Inc.
Kichler Lighting LLC

Decorative Lighting Market

FAQs

Decorative Lighting Market size was valued at USD 38.65 billion in 2019 and is poised to grow from USD 40 billion in 2023 to USD 54.52 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).

The decorative lighting market is highly competitive, with the existence of numerous major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the market are Acuity Brands, Inc., Bridgelux, Inc., General Electric Co., Ideal Industries, Inc., Juno Lightings. LLC, AZZ, Inc., Fagerhult Group, Inc., Honeywell International, Inc., OSRAM Light AG, Signify NV among others. 'Acuity Brands,', 'General Electric Co.', 'OSRAM Light AG', 'Signify Holding (formerly Philips Lighting)', 'Cree, Inc.', 'Hubbell Incorporated', 'Zumtobel Group AG', 'Lutron Electronics Co., Inc.', 'Fagerhult Group', 'Eaton Corporation', 'Crompton Greaves Consumer Electricals Ltd.', 'Zumtobel Group AG', 'Wipro Lighting', 'Koninklijke Ten Cate nv', 'Feilo Sylvania (Shanghai) Lighting Co., Ltd.', 'Eglo Leuchten GmbH', 'Zumtobel Group AG', 'Hinkley Lighting, Inc.', 'Bruck Lighting Systems, Inc.', 'Kichler Lighting LLC'

The growing influence of social media influencers and various home décor web series on consumers is increasing demand for various types of decorative lighting fixtures. Fixtures of various shapes, sizes, colors, and materials are required. Fiber fixtures are the most common, but glass, ceramic, bamboo, carved wood, and fabric fixtures are also popular.

Energy consumption can be reduced by up to 90% by using LEDs and fluorescent lighting. They are also less expensive to maintain and have a longer lifespan. A lower electric bill results from reduced energy consumption. As a result of these factors, many businesses are switching from traditional incandescent lights to energy-efficient lights in order to save money. Individual consumer demand for these lights is increasing as prices fall. As a result, the rising demand for energy-efficient lighting will propel the decorative lighting market forward in the coming years.

North America had the largest market in 2021, accounting for more than 35% of revenue. The availability of electricity to every single household in the United States and Canada is critical to the adoption of innovative decorative lighting. According to the American Hotel & Lodging Association, there are over 55,000 hotel properties in the United States. Hotels use decorative lighting to create a rich experience that is expected to calm and soothe its residents. Growing population and rapid urbanization in developing countries such as China, India, and others are expected to make the Asia Pacific the fastest-growing market.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Decorative Lighting Market Size, Share, Growth Analysis, By Product(Ch, eliers, Sconce, Flush Mount), By Light Source(LED, Fluorescent, Inc, escent), By Application(Commercial, Household), By Region - Industry Forecast 2024-2031

Decorative Lighting Market Competitive Landscape

Decorative Lighting Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Decorative Lighting Market Size, Share, Growth Analysis, By Product(Ch, eliers, Sconce, Flush Mount), By Light Source(LED, Fluorescent, Inc, escent), By Application(Commercial, Household), By Region - Industry Forecast 2024-2031

Decorative Lighting Market Competitive Landscape

Decorative Lighting Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Decorative Lighting Market?

Who are the key vendors in the Decorative Lighting Market?

What is the key driver of Decorative Lighting Market?

What is the key market trend for Decorative Lighting Market?

Which region accounted for the largest share in Decorative Lighting Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300