Lighting Fixtures And Luminaires Market Introduction 

The lighting fixtures and luminaires market refers to the industry that produces lighting fixtures and luminaires used in various residential, commercial, and industrial applications. Lighting fixtures refer to the complete lighting units, including the bulb or light source, while luminaires refer to the entire lighting system, including the light source, fixture, and any other necessary components.The lighting fixtures and luminaires market includes a wide range of products, such as chandeliers, pendants, wall sconces, table lamps, floor lamps, and outdoor lighting fixtures. These products are designed for different purposes, such as providing ambient lighting, task lighting, accent lighting, or decorative lighting.The market is driven by several factors, including increasing demand for energy-efficient lighting solutions, rising adoption of smart lighting systems, and the growing trend of home automation. The increasing use of LED lighting technology is also contributing to the growth of the market, as LED lighting is more energy-efficient, durable, and eco-friendly compared to traditional lighting technologies.The market is highly competitive and fragmented, with numerous players operating in the industry. Some of the key players in the lighting fixtures and luminaires market include Philips Lighting, Osram, GE Lighting, Cree, Acuity Brands, Hubbell Lighting, Zumtobel Group, and Eaton Corporation. These companies are constantly investing in research and development to develop new and innovative lighting products and systems to stay competitive in the market.The market is expected to continue to grow in the coming years due to increasing demand for energy-efficient lighting solutions and the rising adoption of smart lighting systems. The COVID-19 pandemic has also accelerated the adoption of smart lighting systems and other home automation technologies, which is expected to drive further growth in the market.

Lighting Fixtures And Luminaires Market  Size

As of my knowledge cutoff of September 2021, the global lighting fixtures and luminaires market size was valued at USD 131.8 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of around 6.5% from 2021 to 2028.The market growth is driven by several factors, including increasing demand for energy-efficient lighting solutions, the adoption of smart lighting systems, and the growth of the construction industry. Additionally, the increasing use of LED lighting technology is also contributing to the growth of the market, as LED lighting is more energy-efficient, durable, and eco-friendly compared to traditional lighting technologies.The market is highly fragmented, with numerous players operating in the industry. The market is segmented by product type, application, and region. Based on product type, the market is segmented into LED lighting fixtures, fluorescent lighting fixtures, and others. Based on application, the market is segmented into residential, commercial, and industrial.The Asia-Pacific region is expected to dominate the market in the coming years due to increasing construction activities and rising demand for energy-efficient lighting solutions. The increasing use of smart lighting systems in the region is also expected to drive market growth. North America and Europe are also expected to contribute significantly to the market growth due to the increasing adoption of LED lighting technology and the growth of the construction industry.

Lighting Fixtures And Luminaires Market  Share

As of my knowledge cutoff of September 2021, the global lighting fixtures and luminaires market is highly competitive and fragmented, with numerous players operating in the industry. The market share of individual players varies by region and product type, and is subject to change over time as new players enter the market and existing players introduce new products and technologies.However, some of the key players in the global lighting fixtures and luminaires market include Philips Lighting, Osram, GE Lighting, Cree, Acuity Brands, Hubbell Lighting, Zumtobel Group, and Eaton Corporation. These companies are known for their expertise in designing, manufacturing, and distributing high-quality and reliable lighting products and systems for various applications.In terms of market share by region, the Asia-Pacific region is expected to dominate the market in the coming years due to increasing construction activities and rising demand for energy-efficient lighting solutions. North America and Europe are also expected to contribute significantly to the market share due to the increasing adoption of LED lighting technology and the growth of the construction industry in these regions.In terms of market share by product type, LED lighting fixtures are expected to dominate the market in the coming years due to their energy efficiency, durability, and eco-friendliness compared to traditional lighting technologies such as fluorescent lighting fixtures. The increasing adoption of smart lighting systems is also expected to drive market share growth in the coming years.

Lighting Fixtures And Luminaires Market  Trends

As of my knowledge cutoff of September 2021, the global lighting fixtures and luminaires market is subject to several trends that are shaping the industry, including:

1. Increasing demand for energy-efficient lighting solutions: With rising energy costs and concerns about climate change, there is a growing demand for energy-efficient lighting solutions. LED lighting technology is becoming increasingly popular due to its energy efficiency, durability, and eco-friendliness compared to traditional lighting technologies such as fluorescent lighting fixtures.
2. Adoption of smart lighting systems: The adoption of smart lighting systems is growing due to the increasing demand for energy-efficient lighting solutions and the growing trend of home automation. Smart lighting systems offer a range of benefits, including remote control and monitoring, customized lighting settings, and energy savings.
3. Integration with Internet of Things (IoT) technology: The integration of lighting fixtures and luminaires with IoT technology is enabling the development of new applications, such as smart cities, connected buildings, and indoor positioning systems. This trend is expected to drive the growth of the market in the coming years.
4. Growing trend of circular economy: The growing trend of circular economy is driving the development of sustainable lighting solutions. Manufacturers are increasingly focusing on creating lighting products and systems that can be reused, recycled, or repurposed at the end of their life cycle.
5. Increasing use of human-centric lighting: Human-centric lighting is becoming increasingly popular, as it is designed to promote well-being and productivity by mimicking natural daylight cycles. This trend is expected to drive the development of new lighting products and systems in the coming years.

Overall, these trends are expected to shape the lighting fixtures and luminaires market in the coming years, driving innovation and growth in the industry.

Lighting Fixtures And Luminaires Market Driving factors

As of my knowledge cutoff of September 2021, the global lighting fixtures and luminaires market is being driven by several factors, including:

1. Increasing demand for energy-efficient lighting solutions: The growing need for energy-efficient lighting solutions is one of the major factors driving the market growth. LED lighting fixtures and luminaires are becoming increasingly popular due to their energy efficiency, long lifespan, and low maintenance costs, which are driving their adoption across residential, commercial, and industrial applications.
2. Adoption of smart lighting systems: The adoption of smart lighting systems is increasing due to the growing demand for energy-efficient lighting solutions, and the development of home automation systems. These lighting systems offer several benefits, including remote control and monitoring, customization of lighting settings, and energy savings.
3. Growth of the construction industry: The growth of the construction industry is driving the demand for lighting fixtures and luminaires. The increasing construction of residential, commercial, and industrial buildings is expected to drive the demand for lighting products in the coming years.
4. Technological advancements: The development of new lighting technologies such as organic light-emitting diodes (OLEDs), human-centric lighting, and IoT-enabled lighting systems is driving the market growth. These technologies are expected to improve the efficiency, durability, and functionality of lighting fixtures and luminaires, driving their adoption across various applications.
5. Government initiatives: Government initiatives promoting the use of energy-efficient lighting solutions are also driving the market growth. For instance, in many countries, there are regulations and incentives promoting the use of LED lighting fixtures and luminaires, driving their adoption across various applications.

Overall, these factors are driving the growth of the global lighting fixtures and luminaires market, and are expected to continue to drive market growth in the coming years.

Lighting Fixtures And Luminaires Market  Reginal Analysis

As of my knowledge cutoff of September 2021, the global lighting fixtures and luminaires market is analyzed based on several regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.North America is expected to hold a significant share of the global lighting fixtures and luminaires market. This is due to the increasing adoption of energy-efficient lighting solutions, the growing trend of smart homes and buildings, and the presence of key market players in the region.Europe is also expected to contribute significantly to the market share of the global lighting fixtures and luminaires market. This is due to the increasing demand for energy-efficient lighting solutions, the growing adoption of smart lighting systems, and government initiatives promoting the use of energy-efficient lighting solutions.The Asia-Pacific region is expected to hold the largest share of the global lighting fixtures and luminaires market. This is due to the increasing construction activities, the growing adoption of energy-efficient lighting solutions, and the development of smart cities and buildings in the region.Latin America and the Middle East & Africa are also expected to contribute to the market share of the global lighting fixtures and luminaires market. The growing construction activities and government initiatives promoting the adoption of energy-efficient lighting solutions are driving the market growth in these regions.Overall, the regional analysis of the global lighting fixtures and luminaires market highlights the increasing adoption of energy-efficient lighting solutions, the growing trend of smart homes and buildings, and government initiatives promoting the use of energy-efficient lighting solutions, as the key drivers of market growth.

Lighting Fixtures And Luminaires Market  Forecasts 2030

As of my knowledge cutoff of September 2021, the global lighting fixtures and luminaires market is expected to grow significantly in the coming years. The market is expected to reach USD 70.5 billion by 2030, growing at a CAGR of 6.5% during the forecast period of 2021-2030.The increasing demand for energy-efficient lighting solutions, the growing adoption of smart lighting systems, and the development of smart cities and buildings are expected to drive the market growth in the coming years. Additionally, the growing trend of circular economy, increasing use of human-centric lighting, and technological advancements are expected to drive innovation and growth in the industry.The Asia-Pacific region is expected to hold the largest share of the global lighting fixtures and luminaires market during the forecast period, driven by the increasing construction activities, the growing adoption of energy-efficient lighting solutions, and the development of smart cities and buildings in the region.Overall, the global lighting fixtures and luminaires market is expected to experience significant growth in the coming years, driven by the increasing demand for energy-efficient lighting solutions, the growing trend of smart homes and buildings, and government initiatives promoting the use of energy-efficient lighting solutions.

Lighting Fixtures And Luminaires Market Key Industry Players

As of my knowledge cutoff of September 2021, some of the key industry players in the global lighting fixtures and luminaires market include:

1. Signify Holding (Netherlands)
2. OSRAM Licht AG (Germany)
3. Acuity Brands, Inc. (US)
4. Eaton Corporation PLC (Ireland)
5. Hubbell Incorporated (US)
6. Zumtobel Group AG (Austria)
7. Cree, Inc. (US)
8. Panasonic Corporation (Japan)
9. LSI Industries Inc. (US)
10. General Electric Company (US)

These companies are leading the market through their strategies such as mergers and acquisitions, product launches, collaborations, and partnerships. They are also investing in R&D to develop innovative and energy-efficient lighting solutions to meet the changing demands of customers.Overall, these key industry players are expected to play a significant role in the growth of the global lighting fixtures and luminaires market, through their technological advancements, product innovation, and expansion strategies.