Lighting market report explored in latest research 2021-2031 – bolivar commercial

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The global market for lightening devices is expected to reach a market size of over US $ XX billion through 2027, compared to a market value of over US $ XX billion in 2017. Increased penetrations in LED lighting, as well as the need for ‘smart devices, are the main aspects expected to fuel the overall revenue growth of the global lighting devices market. The market will register a healthy XX% CAGR throughout the calculated period.

Market segmentation

  • Based on type, the global market is segmented into decorative and residential lighting, architectural and commercial lighting, exterior lighting, and industrial lighting. Outdoor lighting is estimated to increase significantly to US $ XX through the end of 2025. Architectural and commercial lighting is likely to grow at a high CAGR in terms of value throughout the forecast period.
  • Based on the type of application, the global market is categorized into corporate campus lighting, street lighting, airport lighting, educational facility lighting, point of sale lighting, healthcare facility lighting , offices and government buildings, lighting for leisure and public places, industrial and warehouse lighting, restaurant and hotel lighting and residential lighting. The street lighting category is estimated to be very attractive in the global lighting fixtures market during the calculated period. However, the residential lighting category is estimated to experience skyrocketing annual growth rates throughout the calculated period. This category is likely to grow at a CAGR of XX% in terms of value over the calculated period.

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  • On the basis of the light source, the overall market is divided into fluorescent, incandescent and LED and OLED. The fluorescent division is estimated to dominate the global lighting fixture market by gaining the maximum market share over the calculated period. On the other hand, the LED and OLED division is expected to register substantial growth in its market share from XX% in 2017 to XX% by 2027.
  • Based on region, the overall market is assessed as Middle East & Africa, Latin America, North America, Asia Pacific, and Europe. Europe and North America are together expected to gain market share in terms of revenue over the evaluation period. However, the MEA region is expected to experience a reasonable growth rate throughout the calculated period.

Key market players

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The global lighting fixture market is estimated to reach a market size of over US $ XX billion throughout 2027, compared to a market value of over US $ XX billion in 2017. Increased penetrations in the market. LED lighting, along with the need for intelligent lighting fixtures, are the major aspects that are expected to fuel the overall revenue growth of the global fixtures market. The market will register a healthy XX% CAGR throughout the calculated period.

Market segmentation

  • Based on type, the global market is segmented into decorative and residential lighting, architectural and commercial lighting, exterior lighting, and industrial lighting. Outdoor lighting is estimated to increase significantly to US $ XX through the end of 2025. Architectural and commercial lighting is likely to grow at a high CAGR in terms of value throughout the forecast period.
  • Based on the type of application, the global market is categorized into corporate campus lighting, street lighting, airport lighting, educational facility lighting, point of sale lighting, healthcare facility lighting , offices and government buildings, lighting for leisure and public places, industrial and warehouse lighting, restaurant and hotel lighting and residential lighting. The street lighting category is estimated to be very attractive in the global lighting fixtures market during the calculated period. However, the residential lighting category is estimated to experience skyrocketing annual growth rates throughout the calculated period. This category is likely to grow at a CAGR of XX% in terms of value over the calculated period.
  • On the basis of the light source, the overall market is divided into fluorescent, incandescent and LED and OLED. The fluorescent division is estimated to dominate the global lighting fixture market by gaining the maximum market share over the calculated period. On the other hand, the LED and OLED division is expected to register substantial growth in its market share from XX% in 2017 to XX% by 2027.
  • Based on region, the overall market is assessed as Middle East & Africa, Latin America, North America, Asia Pacific, and Europe. Europe and North America are together expected to gain market share in terms of revenue over the evaluation period. However, the MEA region is expected to experience a reasonable growth rate throughout the calculated period.


Key market players

Some of the best functional players in the global market include Hubbell Lighting Inc., CREE INC, OSRAM Licht AG, GE Lighting LLC, Acuity Brands Lighting Inc, Royal Philips NV, Panasonic Corporation, ATG Electronics, Eaton Corporation, D. Kichler Co. and others. While other players include Briloner Leuchten GmbH, Kenroy Homes, Delta Light, Brilliant Lighting Limited, Beghelli SpA, Disano Illuminazione SpA, IKEA, Glamox lighting, Endo Lighting Corp, EGLO Leuchten GmbH and others..

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