Lighting Fixtures Market by Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research presents a detailed analysis of the global Lighting Fixtures Market, providing insights into the market dynamics, growth drivers, challenges, and emerging trends. This comprehensive report offers data and statistics to help stakeholders navigate the lighting fixtures market from 2024 to 2031.

The global lighting fixtures market is expected to experience steady growth between 2024 and 2031, with an anticipated CAGR of 3.7% over this period. The market is estimated to increase from USD 36.5 billion in 2024 to approximately USD 47.1 billion by the end of 2031.

Key Insights:

Estimated Market Value (2024): USD 36.5 Billion
Projected Market Value (2031): USD 47.1 Billion
Global Market Growth Rate (CAGR 2024 to 2031): 3.7%

Lighting Fixtures Market - Report Scope:

Lighting fixtures are key components in both residential and commercial spaces, offering functionality, aesthetics, and energy efficiency. The growth of the lighting fixtures market is driven by the ongoing urbanization, construction boom, and rising demand for energy-efficient lighting solutions. The rapid adoption of LED technology has transformed the industry, with LEDs offering improved energy efficiency and longer lifespan compared to traditional lighting.

The market scope includes various types of fixtures such as ceiling lights, wall lights, floor lamps, and outdoor lighting. Additionally, the trend toward smart lighting and home automation has expanded the scope of this market, with lighting fixtures increasingly integrating with smart home systems.

Market Growth Drivers:

The lighting fixtures market is primarily driven by several factors. Urbanization and the construction boom across the globe are leading to increased demand for residential and commercial lighting. Energy efficiency mandates and environmental concerns drive the transition from traditional lighting to LED and other energy-efficient solutions.

Smart lighting technology is another significant growth driver, offering advanced control and integration with smart home systems. This technology allows users to control lighting through mobile applications or voice commands, enhancing convenience and energy management. Furthermore, government incentives and regulations promoting energy efficiency have spurred the adoption of LED-based fixtures, further contributing to market growth.

Market Restraints:

While the lighting fixtures market shows strong growth potential, several challenges could restrain its expansion. The high initial cost of LED and smart lighting systems can deter some consumers, especially in developing markets with tighter budgets. Additionally, concerns about electronic waste and the disposal of LED components pose environmental challenges.

The rapidly evolving technology can lead to product obsolescence, affecting manufacturers' ability to keep up with trends. This can increase R&D costs and complicate inventory management. Moreover, intense competition from regional manufacturers offering low-cost lighting fixtures creates pricing pressures, affecting profit margins for established companies.

Market Opportunities:

Despite the challenges, the lighting fixtures market offers significant opportunities for innovation and growth. The demand for smart lighting and integration with smart home systems is rising, presenting an opportunity for manufacturers to offer advanced products that appeal to tech-savvy consumers. Customizable lighting solutions and fixtures designed for specific applications, such as healthcare or hospitality, represent additional growth avenues.

The expansion into emerging markets, where urbanization and infrastructure development are accelerating, also provides a substantial opportunity for market growth. By focusing on energy-efficient and eco-friendly solutions, companies can align with global sustainability trends, opening new markets and strengthening brand reputation.

Key Questions Addressed in the Report:

What is the Expected CAGR for the Lighting Fixtures Market from 2024 to 2031?
What are the Key Drivers Fueling the Growth of the Lighting Fixtures Market?
Which Region Holds the Largest Market Share in the Lighting Fixtures Market?
Who are the Leading Players in the Global Lighting Fixtures Market?
What Strategies Do Leading Companies Employ to Maintain a Competitive Edge in the Lighting Fixtures Market?

Competitive Landscape and Business Strategies:

Leading companies in the lighting fixtures market include Philips Lighting (Signify), OSRAM Licht AG, General Electric Company, and Acuity Brands. These companies focus on innovation, energy efficiency, and product differentiation to maintain their competitive edge. Philips Lighting's extensive product range and global distribution network enable it to cater to a wide range of consumer needs.

Key strategies employed by leading companies include mergers and acquisitions, strategic partnerships, and investment in research and development. These companies aim to offer innovative lighting solutions, expand their market reach, and enhance their product portfolios to maintain a competitive advantage in the evolving lighting fixtures market.

Key Companies Profiled:

Philips Lighting (Signify)
OSRAM Licht AG
General Electric Company
Acuity Brands
Hubbell Incorporated
Cree, Inc.
Zumtobel Group
Panasonic Corporation
Eaton Corporation plc
Honeywell International Inc.
Legrand SA

Lighting Fixtures Market Segmentation:

By Type:

Architecture & Commercial Lighting
Decorative & Residential Lighting
Industrial Lighting
Outdoor Lighting

By Application:

Airport Lighting
Corporate Campus Lighting
Retail Outlets Lighting
Education Facilities Lighting
Government Office & Building
Healthcare Facilities Lighting
Industrial & Warehouse Lighting
Recreation & Public Venue Lighting
Residential Lighting
Restaurant & Hotel Lighting
Street Lighting

By Light Source:

Incandescent
Fluorescent
LED and OLED

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

Product Code: PMRREP4716

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Lighting Fixtures Market Demand Analysis 2019-2023 and Forecast, 2024-2031

5.1. Historical Market Volume (Tons) Analysis, 2019-2023
5.2. Current and Future Market Volume (Tons) Projections, 2024-2031
5.3. Y-o-Y Growth Trend Analysis

6. Global Lighting Fixtures Market - Pricing Analysis

6.1. Regional Pricing Analysis By Type
6.2. Global Average Pricing Analysis Benchmark

7. Global Lighting Fixtures Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2031

7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2031
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global Industry Value Added Overview
- 8.1.3. Global Infrastructure Investment Overview
- 8.1.4. Global Construction Spending Analysis
- 8.1.5. Other Macro Economic Factors
8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Top Companies Historical Growth
- 8.2.2. GDP Growth forecast
- 8.2.3. Construction Industry forecast
- 8.2.4. Light Source Growth Outlook
- 8.2.5. Collaboration Activities
8.3. Value Chain
- 8.3.1. Raw Material Suppliers
- 8.3.2. List of Manufacturers
- 8.3.3. List of Distributors
8.4. COVID-19 Crisis - Impact Assessment
- 8.4.1. Current Statistics
- 8.4.2. Short-Mid-Long Term Outlook
- 8.4.3. Likely Rebound
8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis
- 8.5.4. Trends

9. Global Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, by Type

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis by Type, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by Type 2024-2031
- 9.3.1. Architecture & Commercial Lighting
- 9.3.2. Decorative & Residential Lighting
- 9.3.3. Industrial Lighting
- 9.3.4. Outdoor Lighting
9.4. Market Attractiveness Analysis by Type

10. Global Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, By Application

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2024-2031
- 10.3.1. Airport Lighting
- 10.3.2. Corporate Campus Lighting
- 10.3.3. Retail Outlets Lighting
- 10.3.4. Education Facilities Lighting
- 10.3.5. Government Office & Building
- 10.3.6. Healthcare Facilities Lighting
- 10.3.7. Industrial & Warehouse Lighting
- 10.3.8. Recreation & Public Venue Lighting
- 10.3.9. Residential Lighting
- 10.3.10. Restaurant & Hotel Lighting
- 10.3.11. Street Lighting
10.4. Market Attractiveness Analysis By Application

11. Global Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, By Light Source

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Light Source, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Light Source 2024-2031
- 11.3.1. Incandescent
- 11.3.2. Fluorescent
- 11.3.3. LED and OLED
11.4. Market Attractiveness Analysis By Light Source

12. Global Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031, by Region

12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis by Region, 2019-2023
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast by Region, 2024-2031
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. East Asia
- 12.3.5. South Asia and Pacific
- 12.3.6. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region

13. North America Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031

13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2019-2023
13.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2024-2031
- 13.4.1. By Country
  - 13.4.1.1. U.S.
  - 13.4.1.2. Canada
- 13.4.2. By Type
- 13.4.3. By Application
- 13.4.4. By Light Source
13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By Type
- 13.5.3. By Application
- 13.5.4. By Light Source
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis

14. Latin America Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2019-2023
14.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2024-2031
- 14.4.1. By Country
  - 14.4.1.1. Brazil
  - 14.4.1.2. Mexico
  - 14.4.1.3. Rest of Latin America
- 14.4.2. By Type
- 14.4.3. By Application
- 14.4.4. By Light Source
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Type
- 14.5.3. By Application
- 14.5.4. By Light Source
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis

15. Europe Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2019-2023
15.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2024-2031
- 15.4.1. By Country
  - 15.4.1.1. Germany
  - 15.4.1.2. Italy
  - 15.4.1.3. France
  - 15.4.1.4. U.K.
  - 15.4.1.5. Spain
  - 15.4.1.6. BENELUX
  - 15.4.1.7. Russia
  - 15.4.1.8. Rest of Europe
- 15.4.2. By Type
- 15.4.3. By Application
- 15.4.4. By Light Source
15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Type
- 15.5.3. By Application
- 15.5.4. By Light Source
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis

16. South Asia and Pacific Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2019-2023
16.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2024-2031
- 16.4.1. By Country
  - 16.4.1.1. India
  - 16.4.1.2. ASEAN
  - 16.4.1.3. Oceania
  - 16.4.1.4. Rest of South Asia & Pacific
- 16.4.2. By Type
- 16.4.3. By Application
- 16.4.4. By Light Source
16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Type
- 16.5.3. By Application
- 16.5.4. By Light Source
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis

17. East Asia Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031

17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2019-2023
17.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2024-2031
- 17.4.1. By Country
  - 17.4.1.1. China
  - 17.4.1.2. Japan
  - 17.4.1.3. South Korea
- 17.4.2. By Type
- 17.4.3. By Application
- 17.4.4. By Light Source
17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Type
- 17.5.3. By Application
- 17.5.4. By Light Source
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis

18. Middle East and Africa Lighting Fixtures Market Analysis 2019-2023 and Forecast 2024-2031

18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2019-2023
18.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2024-2031
- 18.4.1. By Country
  - 18.4.1.1. GCC Countries
  - 18.4.1.2. Turkey
  - 18.4.1.3. Northern Africa
  - 18.4.1.4. South Africa
  - 18.4.1.5. Rest of Middle East and Africa
- 18.4.2. By Type
- 18.4.3. By Application
- 18.4.4. By Light Source
18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Type
- 18.5.3. By Application
- 18.5.4. By Light Source
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis

19. Emerging Countries Lighting Fixtures Market Analysis

19.1. Introduction
- 19.1.1. Market Value Proportion Analysis, By Key Countries
- 19.1.2. Global Vs. Country Growth Comparison
19.2. U.S. Lighting Fixtures Market Analysis
- 19.2.1. By Type
- 19.2.2. By Application
- 19.2.3. By Light Source
19.3. Canada Lighting Fixtures Market Analysis
- 19.3.1. By Type
- 19.3.2. By Application
- 19.3.3. By Light Source
19.4. Mexico Lighting Fixtures Market Analysis
- 19.4.1. By Type
- 19.4.2. By Application
- 19.4.3. By Light Source
19.5. Brazil Lighting Fixtures Market Analysis
- 19.5.1. By Type
- 19.5.2. By Application
- 19.5.3. By Light Source
19.6. Germany Lighting Fixtures Market Analysis
- 19.6.1. By Type
- 19.6.2. By Application
- 19.6.3. By Light Source
19.7. Italy Lighting Fixtures Market Analysis
- 19.7.1. By Type
- 19.7.2. By Application
- 19.7.3. By Light Source
19.8. France Lighting Fixtures Market Analysis
- 19.8.1. By Type
- 19.8.2. By Application
- 19.8.3. By Light Source
19.9. U.K. Lighting Fixtures Market Analysis
- 19.9.1. By Type
- 19.9.2. By Application
- 19.9.3. By Light Source
19.10. Spain Lighting Fixtures Market Analysis
- 19.10.1. By Type
- 19.10.2. By Application
- 19.10.3. By Light Source
19.11. BENELUX Lighting Fixtures Market Analysis
- 19.11.1. By Type
- 19.11.2. By Application
- 19.11.3. By Light Source
19.12. Russia Lighting Fixtures Market Analysis
- 19.12.1. By Type
- 19.12.2. By Application
- 19.12.3. By Light Source
19.13. China Lighting Fixtures Market Analysis
- 19.13.1. By Type
- 19.13.2. By Application
- 19.13.3. By Light Source
19.14. Japan Lighting Fixtures Market Analysis
- 19.14.1. By Type
- 19.14.2. By Application
- 19.14.3. By Light Source
19.15. S. Korea Lighting Fixtures Market Analysis
- 19.15.1. By Type
- 19.15.2. By Application
- 19.15.3. By Light Source
19.16. India Lighting Fixtures Market Analysis
- 19.16.1. By Type
- 19.16.2. By Application
- 19.16.3. By Light Source
19.17. ASEAN Lighting Fixtures Market Analysis
- 19.17.1. By Type
- 19.17.2. By Application
- 19.17.3. By Light Source
19.18. Australia and New Zealand Lighting Fixtures Market Analysis
- 19.18.1. By Type
- 19.18.2. By Application
- 19.18.3. By Light Source
19.19. GCC Countries Lighting Fixtures Market Analysis
- 19.19.1. By Type
- 19.19.2. By Application
- 19.19.3. By Light Source
19.20. Turkey Lighting Fixtures Market Analysis
- 19.20.1. By Type
- 19.20.2. By Application
- 19.20.3. By Light Source
19.21. Northern Africa Lighting Fixtures Market Analysis
- 19.21.1. By Type
- 19.21.2. By Application
- 19.21.3. By Light Source
19.22. South Africa Lighting Fixtures Market Analysis
- 19.22.1. By Type
- 19.22.2. By Application
- 19.22.3. By Light Source

20. Market Structure Analysis

20.1. Market Analysis by Tier of Companies (Linear Alpha-Olefins)
20.2. Market Share Analysis of Top Players
20.3. Market Presence Analysis

21. Competition Analysis

21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
- 21.3.1. CREE, INC
  - 21.3.1.1. Overview
  - 21.3.1.2. Product Portfolio
  - 21.3.1.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.1.4. Sales Footprint
  - 21.3.1.5. Strategy Overview
- 21.3.2. Hubbell Lighting, Inc.
  - 21.3.2.1. Overview
  - 21.3.2.2. Product Portfolio
  - 21.3.2.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.2.4. Sales Footprint
  - 21.3.2.5. Strategy Overview
- 21.3.3. GE Lighting, LLC
  - 21.3.3.1. Overview
  - 21.3.3.2. Product Portfolio
  - 21.3.3.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.3.4. Sales Footprint
  - 21.3.3.5. Strategy Overview
- 21.3.4. OSRAM Licht AG
  - 21.3.4.1. Overview
  - 21.3.4.2. Product Portfolio
  - 21.3.4.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.4.4. Sales Footprint
  - 21.3.4.5. Strategy Overview
- 21.3.5. Royal Philips NV
  - 21.3.5.1. Overview
  - 21.3.5.2. Product Portfolio
  - 21.3.5.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.5.4. Sales Footprint
  - 21.3.5.5. Strategy Overview
- 21.3.6. Acuity Brands Lighting, Inc
  - 21.3.6.1. Overview
  - 21.3.6.2. Product Portfolio
  - 21.3.6.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.6.4. Sales Footprint
  - 21.3.6.5. Strategy Overview
- 21.3.7. ATG Electronics
  - 21.3.7.1. Overview
  - 21.3.7.2. Product Portfolio
  - 21.3.7.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.7.4. Sales Footprint
  - 21.3.7.5. Strategy Overview
- 21.3.8. Panasonic Corporation
  - 21.3.8.1. Overview
  - 21.3.8.2. Product Portfolio
  - 21.3.8.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.8.4. Sales Footprint
  - 21.3.8.5. Strategy Overview
- 21.3.9. D. Kichler Co.
  - 21.3.9.1. Overview
  - 21.3.9.2. Product Portfolio
  - 21.3.9.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.9.4. Sales Footprint
  - 21.3.9.5. Strategy Overview
- 21.3.10. Eaton Corporation
  - 21.3.10.1. Overview
  - 21.3.10.2. Product Portfolio
  - 21.3.10.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.10.4. Sales Footprint
  - 21.3.10.5. Strategy Overview