Global Residential Lighting Fixtures Market Size is Expected to Reach USD 21.17 billion by 2025


26-aug-19 The global residential lighting fixtures market projected to expand at a CAGR of 5.9% during the forecast period. The rapid replacement of traditional lights with more energy-efficient and economical lighting fixtures is expected to remain a prominent trend. Furthermore, rising middle-class population in developing countries including China, India, Bangladesh, and Philippines as a result of urban development and increasing number of employment opportunities is projected to have a positive impact on the market.

The Light-emitting Diodes and Organic Light-emitting Diode (LED & OLED) led the market in 2018, contributing to over 50% of revenue share. High energy-efficiency and durability is anticipated to drive the growth. This segment is expected to witness steady growth in the upcoming years owing to the implementation of government initiatives aimed at encouraging the adoption of energy-efficient LED lighting instead of incandescent lighting.

Ceiling and wall mounted together held the largest share of the global residential lighting fixture market with over 60% of the total revenue share in 2018. These products illuminate the whole room and make it appear brighter and larger. In addition, availability of a wide range of ceiling and wall mounted fixtures appropriate for different types of homes and decor is anticipated to bode well for the product demand.

Asia Pacific held the leading market share of more than 45% in 2018. Rising number of residential buildings in emerging economies including China, India, and Philippines on account of easy loan assistance by banks for home construction is expected to expand the use of lighting equipment. Additionally, the increasing number of smartphone users in these countries is expected to encourage manufacturers to launch products in their online stores.

Key manufacturers include Koninklijke Philips N.V.; Cree Inc.; General Electric; Hubbell Lighting, Inc.; Acuity Brands, Inc.; Eaton Corporation; Panasonic Corporation; OSRAM Licht AG; Nichia Corporation; and Everlight Electronics Co., Ltd. New product launches is expected to remain a key competitive strategy in the forthcoming years.

 Further key findings from the report suggest:

• Ceiling segment generated a revenue of more than USD 4 billion in 2018

• LED and OLED product segment is expected to account for a market share of 59.3% in terms of revenue by the end of 2025, owing to excellent energy efficieny of the products.

• Middle East and Africa is expected witness the fastest CAGR of 6.2% from 2019 to 2025. The scope for electrification along with government initiatives in African countries including Nigeria, Kenya, and Ethiopia is projected to open new avenues

• Asia Pacific led the residential lighting fixture market with more than 45% of revenue share

• Online distribution channel is expected to expand at a CAGR of 8.7% from 2019 to 2025

Interested in this report? Get your FREE sample now! https://www.radiantinsights.com/research/residential-lighting-fixtures-market/request-sample

 Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Chapter 3. Residential Lighting Fixtures Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics

If you have any special requirements, please let us know and we will offer you the report as you want.

Comments

Post a Comment

Popular posts from this blog

Elastic Stockings Market Current and Upcoming Projects, and Growth Rate 2013-2028

The global Elastic Stockings market was valued at $XX million in 2018, and Radiant Insights,Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Elastic Stockings from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Elastic Stockings market. Leading players of Elastic Stockings including: Medtronic(Covidien) Sigvaris Medi BSN Medical Juzo 3M Bauerfeind AG Thuasne Corporate Pretty Legs Hosiery Salzmann-Group Paul Hartmann Cizeta Medicali Belsana Medical Gloria Med Zhende Medical Group Maizi TOKO Okamoto Corporation Zhejiang Sameri MD Request a Sample Copy of This Report: https://www.radiantinsights.com/research/2013-2028-report-on-global-elastic-stock
Read more

Vegetable Wax Candle Market Latest Developments and Future Scope to 2024

Synopsis Global Vegetable Wax Candle Market estimated to grow at a higher CAGR by the completion of the prediction period. Growth in the worries regarding environment and stress on the fitness of the humans is the most important reasons motivating the usage of vegetable waxes in most important industrialized procedures. Vegetable waxes are naturally happening materials, which do not comprise contaminants producing threats to the health. Growth in the prices of paraffin waxes is furthermore boosting the usage of natural waxes in maximum businesses. Natural waxes can be consumed in a number of arenas for example fruit surface coatings, paper surface coatings, foods, cosmetics, medicines, polymer processing, candles, polishes, and inks. Chemical configuration of maximum natural wax comprises triglycerides, stearic acid, palmitic acid and oleic acid. Vegetable waxes are utilized in most important industrialized procedures that comprise sunflower, Candelilla wax, soya wax, carnauba wax a
Read more

Global Skin Moisturizers Market Professional and In-Depth Industry Analysis 2018

15-nov-2018 Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Skin Moisturizers in these regions, from 2012 to 2023 (forecast), covering • North America (United States, Canada and Mexico) • Europe (Germany, France, UK, Russia and Italy) • Asia-Pacific (China, Japan, Korea, India and Southeast Asia) • South America (Brazil, Argentina, Columbia) • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Global Skin Moisturizers market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including • Merck KGaA • BASF • Res Pharma • Dow Corning Corporation • Croda • Innospec Performance Chemicals • Evonik • KCC Beauty • DSM • Hallstar • Laboratoires Expanscience • AGRANA Starch Request a Sample Copy of This Report:  https://www.radiantinsights.com/resear
Read more