According to IMARC Group latest report titled” Decorative Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on Decorative Lighting market demand. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global decorative lighting market reached a value of US$ 38.25 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 48.4 Billion by 2027 exhibiting a CAGR of 3.70% during 2022-2027. Decorative lighting refers to lighting fixtures manufactured using LED, fluorescent, and incandescent elements that emit light. These products offer an authentic, natural, and brilliant appearance, providing general illumination or accentuating other lightings. The lights are highly customizable as they are available in a wide range of shapes, sizes and variants, such as bright, faded or mixed. In addition, they can be operated via electricity, battery, or solar energy. As a result, decorative lights find extensive applications across residential spaces, retail outlets and other venues.Request to get the sample report: www.imarcgroup.com/decorative-lighting-market/requestsample
Market Trends:
The global decorative lighting market is primarily driven by considerable growth in the real estate industry. A significant rise in the expansion of residential and commercial sectors across the globe is contributing to the sales of decorative lighting. Also, the easy availability of these products via offline and online organized retail channels is complementing the market growth. In line with this, continual product innovations are providing a boost to the market growth. Other factors, such as rapid urbanization, inflating disposable income levels and shifting lifestyle preferences of the masses, are also providing an impetus to the market growth.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Acuity Brands Inc.
Bridgelux Inc
Crest LED Lighting
Fagerhults Belysning AB
General Electric Company
Honeywell International Inc.
Hubbell Incorporated
Ideal Industries Inc.
Maxim Lighting
Nichia Corporation
Osram Licht AG (ams AG)
Signify Holding
Decorative Lighting Market Segmentation:
Our report has categorized the market based on region, product type, light source, distribution channel and end user.
Breakup by Product Type:
Chandelier
Pendant
Sconce
Flush Mount
Ceiling Mount
Wall Mount
Others
Breakup by Light Source:
LED
Fluorescent
Incandescent
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Online Stores
Others
Breakup by End User:
Commercial
Household
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape