Global Lighting Fixtures and Luminaires Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Lighting Fixtures and Luminaires Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A light fixture, or luminaire is an electrical device that contains an electric lamp that provides illumination. All light fixtures have a fixture body and one or more lamps. The lamps may be in sockets for easy replacement—or, in the case of some LED fixtures, hard-wired in place.

Market Overview:

The latest research study on the global Lighting Fixtures and Luminaires market finds that the global Lighting Fixtures and Luminaires market reached a value of USD 146843.94 million in 2022. It’s expected that the market will achieve USD 257836.23 million by 2028, exhibiting a CAGR of 9.84% during the forecast period.

Drivers of Lighting Fixtures and Luminaires

North America, Europe, China, India, South America, Middle East and Africa
Due to increase in government spending on smart cities and emergence of smart cities concept together lead to surge in demand for construction of smart building. Therefore, increase in need for smart building is anticipated to increase demand for energy saving infrastructure such as LED lighting fixture, which leads to growth of lighting fixture market globally. With rapid changing style, appearances, trend and fashion in lighting industry, consumers with high disposable incomes are switching and replacing lighting products to adopt newly launch lighting product, which leads to unnecessary dumping of working lighting products, owing to which the concept of refurbished lighting fixture market is trending currently.

With rising benefits of LED lighting, old metal halide fixture are being replaced by LED lighting fixture to attain better lighting effects, cost saving amount and to promote energy saving products. Replacing old technology with new technology is a key trend adopted by indoor and outdoor lighting fixture that fuels the growth of the global lighting fixture market. Another growing trend in the LED lighting space is the concept of smart lighting. An increasing number of enterprises are adopting smart lighting solutions. These smart lighting solutions in conjunction with LEDs, offer about 30% energy saving.

Government of the respective regions are focusing on initiating various lighting projects, which are anticipated to propel the growth of lighting fixture infrastructure. The lighting project focuses on electrifying the rural part of the regions particularly villages in MEA region and putting emphasis on eradicating traditional lighting product such as kerosene-based lighting products to reduce the negative effect of traditional lighting product on human health are the major factor, which is projecting to the significant growth of LED Lighting fixture market.

To create ambience at hotels and restaurants, owner of the respective places is spending in lighting fixtures to create an aesthetic and ambience for the visitors. Owing to increase in application of decorative lighting in restaurants, hotel, homes, offices and other such places are the major factor spurring the growth of the lighting fixtures market.

In some market like US, EU, China, Japan, they have more international supply companies, good channels, highly market maturity, fierce competition, with introduction of new application to their products, all of which make a growing market demand for Lighting Fixtures and Luminaires.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

Philips is one of the major players operating in the Lighting Fixtures and Luminaires market, holding a share of 7.82% in 2020.
Philips Lighting B.V.
Philips Lighting B.V. designs and manufactures lighting equipment. It offers incandescent and halogen lamps, compact and normal fluorescent lamps, high-intensity gas-discharge and special lamps, fixtures, ballasts, lighting electronics, automotive lamps, and batteries. The company was founded in 1972 and is based in Eindhoven, the Netherlands. Philips Lighting B.V. operates as a subsidiary of Koninklijke Philips N.V..
OSRAM
OSRAM Licht AG provides various lighting products and solutions worldwide. The company operates through Specialty Lighting, Opto Semiconductors, and Lighting Solutions & Systems segments. The Specialty Lighting segment develops and produces lamps and lighting systems for the automotive sector, studio, stage and TV, and projection system applications, as well as special lamps for industrial and medical applications; produces lamps for disinfecting liquids, surfaces, and gases with UV light.

Segmentation Overview:

By type, LED segment accounted for the largest share of market in 2021.
Incandescent
Incandescent lighting is an electric light with a wire filament heated to such a high temperature that it glows with visible light (incandescence).
Halogen
Halogen lighting is an incandescent lamp consisting of a tungsten filament sealed into a compact transparent envelope that is filled with a mixture of an inert gas and a small amount of a halogen such as iodine or bromine.
HID
HID lighting is a type of electrical gas-discharge lamp which produces light by means of an electric arc between tungsten electrodes housed inside a translucent or transparent fused quartz or fused alumina arc tube.
LFL
This fluorescent lamp is a double-ended fluorescent lamp. T5 color rendering index>30, good color rendering, ideal lighting effects for colorful items and environments, low light decay, long life, average life expectancy of 10,000 hours.
CFL
This is the energy-saving light in the usual sense. Compared to traditional incandescent lamps, CFLs have a longer rated life and consume less energy.
LED
LED lighting is an electric light for use in light fixtures that produces light using light-emitting diode (LED). LED lamps have a lifespan and electrical efficiency which are several times greater than incandescent lamps, and are significantly more efficient than most fluorescent lamps.

Application Overview:

By application, the General Lighting segment occupied the biggest share from 2017 to 2022.
General Lighting
General lighting is the largest, and was again classified into seven applications for the purposes of this report, residential, office, shop, hospitality, industrial, outdoor, and architectural lighting.
Automotive Lighting
The lighting system of a motor vehicle consists of lighting and signaling devices mounted or integrated into the front, rear, sides, and in some cases the top of a motor vehicle. This lights the roadway for the driver and increases the visibility of the vehicle, allowing other drivers and pedestrians to see a vehicle's presence, position, size, direction of travel, and the driver's intentions regarding direction and speed of travel.
Backlighting
In lighting design, backlighting is the process of illuminating the subject from the back. In other words, the lighting instrument and the viewer face each other, with the subject in between.

Key Companies in the global Lighting Fixtures and Luminaires market covered in Chapter 3:

Panasonic
TOSHIBA
Hubbell
Cnlight
Acuity Brands Lighting
Hella
Eaton
Stanley Electric
Endo Lighting Corp
OSRAM
Fagerhult Group
Cree
General Electric
Yankon
Opple Lighting
FSL
NVC Lighting Technology
Philips

In Chapter 4 and Chapter 14.2, on the basis of types, the Lighting Fixtures and Luminaires market from 2018 to 2029 is primarily split into:

Incandescent
Halogen
HID
LFL
CFL
LED

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Lighting Fixtures and Luminaires market from 2018 to 2029 covers:

General Lighting
Automotive Lighting
Backlighting

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)