Global Kitchen Lighting Market Size study & Forecast, by Product Type (Pendant Lighting, Under Cabinet Lighting, Island Lighting, Track Lighting), by Channel (Offline, Online) and Regional Analysis, 2023-2030

Global Kitchen Lighting Market Size study & Forecast, by Product Type (Pendant Lighting, Under Cabinet Lighting, Island Lighting, Track Lighting), by Channel (Offline, Online) and Regional Analysis, 2023-2030

Global Kitchen Lighting Market is valued at approximately USD 13.57 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.7% over the forecast period 2023-2030. Kitchen lighting refers to the strategic placement and design of illumination within a kitchen space to enhance visibility, functionality, and aesthetics. It plays a crucial role in creating a well-lit and comfortable environment for various kitchen activities, including meal preparation, cooking, cleaning, and dining. Effective kitchen lighting involves a combination of different types of lighting fixtures, such as ambient lighting to provide overall illumination, task lighting to illuminate specific work areas including countertops and stovetops, and accent lighting to highlight decorative elements or architectural features. The Kitchen Lighting market is expanding because of factors such as the rising development of smart homes and increasing home renovation activities.

The rising development of smart homes is driving the growth of the kitchen lighting market. Smart homes are equipped with interconnected devices and systems that can be controlled remotely, often through smartphones or voice commands. This trend has extended into the kitchen, where lighting plays a crucial role in both functionality and aesthetics. Smart kitchen lighting offers a range of features that enhance user experience and energy efficiency. According to Statista, the global number of smart homes in the year 2019 reached 191.4 million which increased to 307.82 million in the year 2022 and it is projected to reach 672.57 million by the year 2027. Moreover, rising investment in home improvement activities is further driving market growth. According to Statista, Residential improvements in the United States in the year 2020 reached USD 234.1 billion increasing to USD 269.57 billion and it is projected to reach USD 282.59 billion by the year 2027. In addition, rising government investment in the residential sector, technological advancements and innovation in kitchen lighting and increasing adoption rate of energy-efficient lights are some factors creating new opportunities in the market. However, the safety and security concerns for IoT-controlled lights stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Kitchen Lighting Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of key market players, rising technological advancement and smart home penetration. Whereas, Asia Pacific region is expected to have the fastest growth owing to factors such as a rising number of government projects for residential construction, rising consumer spending on home improvement and increasing development of smart homes in the region.

Major market player included in this report are:
Lutron Electronics Co., Inc
Panasonic Holdings Corporation
General Electric Company
Acuity Brands, Inc.
Koninklijke Philips N.V.
kichler lighting Corporation
Osram Lighting Private Limited
Hubbell Inc.
Havells India Ltd
Signify Holding

Recent Developments in the Market:
 In October 2022, Havells India Limited unveiled a sophisticated collection of lighting products named 'Glamtubes'. This fresh line of LED battens showcases six distinct shapes, each drawing inspiration from cosmic and celestial elements. Seamlessly blending advanced technology with creative design, these offerings epitomize elegance and refinement.
 In November 2021, Panasonic Corporation introduced the Smart Wi-Fi LED Bulb. This new addition to their lineup boasts a 9-watt capacity and stands out for its versatile multi-color lighting feature as well as its convenient automated scheduling functionality, as highlighted by the company.

Global Kitchen Lighting Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Product Type, Channel, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product Type:
Pendant Lighting
Under Cabinet Lighting
Island Lighting
Track Lighting

By Channel:
Offline
Online

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Lutron Electronics Co., Inc
Panasonic Holdings Corporation
General Electric Company
Acuity Brands, Inc.
Koninklijke Philips N.V.
kichler lighting Corporation
Osram Lighting Private Limited
Hubbell Inc.
Havells India Ltd
Signify Holding

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