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Global Decorative Lighting Market Size study, by Product (Chandeliers, Pendants, Sconce, Flush Mount, Others) by Light Source (LED, Fluorescent, Incandescent, Others) by Application (Commercial, Household) and Regional Forecasts 2022-2028

  • BIZ4983517
  • 200 Pages
  • July 2022
  • Consumer Goods
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Global Decorative Lighting Market is valued approximately USD 37.97 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.1% over the forecast period 2022-2028. Decorative lighting is critical in obtaining the aforementioned characteristics. Some popular designers' shift in attention to decorative lighting has simplified their implementation in homes, stores, malls, libraries, hotels, spas, parlours, restaurants, and washrooms. The growing knowledge of the significance of lighting in creating the mood of a room is projected to increase the utility of various decorative lighting fixtures. A room's brightness influences perceived size by generating a visually dynamic area. In addition, proper lighting with the suitable fixtures aids in producing a visual appeal to the place. Decorative lighting fixtures are seen as a seamless blend of usefulness and style in modern décor. When modern décor is thoughtfully chosen to compliment the floor, furniture, and wall colour, it creates a warm, inviting, and useful room. Acuity Brands Inc. intends to expand its cooperation with Microsoft in January 2022 in order to bring new capabilities to its lighting controls, building automation solutions, and smart lighting. The growing impact of social media influencers and numerous home décor web series on customers is raising demand for various types of decorative lighting fixtures. Fixtures of diverse forms, sizes, colours, and materials are required. Fiber fixtures are the most frequent, but glass, ceramic, bamboo, carved wood, and cloth fixtures are all popular. The size of the goods is another major aspect affecting the purchase. A fixture should not be so enormous that it dominates the other parts of the space or makes it appear crowded, nor should it be so little that it goes undetected or fails to accomplish its purpose. Signify (Philips), the world's biggest lighting provider, finalized the acquisition of Fluence in May 2022. The deal fortifies the global farm lighting development platform and increases Signify's position in the horticulture lighting sector. However, high cost of product impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Decorative Lighting Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America emerged as the market leader. The availability of power to every single household in the United States and Canada is critical to the adoption of innovative decorative lighting techniques. Furthermore, the United States alone has 116,108 malls in 2018. The majority of malls invest considerably in decorative lighting to create an inviting environment. Asia Pacific will be the fastest-growing market. Decorative lighting has a substantial client base in emerging nations like as China, India, the Philippines, Indonesia, Sri Lanka, Bangladesh, and the Maldives due to their growing populations and fast urbanization.

Major market player included in this report are:

Acuity

Philips (Signify)

Home Depot

Hubbell

Generation Brands

Juno

Lowe’s

GE Lighting

Osram

Amerlux

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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available 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:

Chandeliers

Pendants

Sconce

Flush Mount

Others

By Light Source:

LED

Fluorescent

Incandescent

Others

By Application:

Commercial

Household

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

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020

Base year – 2021

Forecast period – 2022 to 2028

Target Audience of the Global Decorative Lighting Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)

1.2.1. Decorative Lighting Market, by Region, 2020-2028 (USD Billion)

1.2.2. Decorative Lighting Market, by Product, 2020-2028 (USD Billion)

1.2.3. Decorative Lighting Market, by Light Source, 2020-2028 (USD Billion)

1.2.4. Decorative Lighting Market, by Application, 2020-2028 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Decorative Lighting Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Decorative Lighting Market Dynamics

3.1. Decorative Lighting Market Impact Analysis (2020-2028)

3.1.1. Market Drivers

3.1.1.1. Increasing recognition of the role of the illuminating medium in setting up the ambiance of the room.

3.1.1.2. Increasing number of Home Renovation Projects

3.1.2. Market Challenges

3.1.2.1. High cost of product

3.1.3. Market Opportunities

3.1.3.1. Technological improvements in Decorative Lighting

Chapter 4. Global Decorative Lighting Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Decorative Lighting Market, by Product

6.1. Market Snapshot

6.2. Global Decorative Lighting Market by Product, Performance - Potential Analysis

6.3. Global Decorative Lighting Market Estimates & Forecasts by Product 2018-2028 (USD Billion)

6.4. Decorative Lighting Market, Sub Segment Analysis

6.4.1. Chandeliers

6.4.2. Pendants

6.4.3. Sconce

6.4.4. Flush Mount

6.4.5. Others

Chapter 7. Global Decorative Lighting Market, by Light Source

7.1. Market Snapshot

7.2. Global Decorative Lighting Market by Light Source, Performance - Potential Analysis

7.3. Global Decorative Lighting Market Estimates & Forecasts by Light Source 2018-2028 (USD Billion)

7.4. Decorative Lighting Market, Sub Segment Analysis

7.4.1. LED

7.4.2. Fluorescent

7.4.3. Incandescent

7.4.4. Others

Chapter 8. Global Decorative Lighting Market, by Application

8.1. Market Snapshot

8.2. Global Decorative Lighting Market by Application, Performance - Potential Analysis

8.3. Global Decorative Lighting Market Estimates & Forecasts by Application 2018-2028 (USD Billion)

8.4. Decorative Lighting Market, Sub Segment Analysis

8.4.1. Commercial

8.4.2. Household

Chapter 9. Global Decorative Lighting Market, Regional Analysis

9.1. Decorative Lighting Market, Regional Market Snapshot

9.2. North America Decorative Lighting Market

9.2.1. U.S. Decorative Lighting Market

9.2.1.1. Product breakdown estimates & forecasts, 2018-2028

9.2.1.2. Light Source breakdown estimates & forecasts, 2018-2028

9.2.1.3. Application breakdown estimates & forecasts, 2018-2028

9.2.2. Canada Decorative Lighting Market

9.3. Europe Decorative Lighting Market Snapshot

9.3.1. U.K. Decorative Lighting Market

9.3.2. Germany Decorative Lighting Market

9.3.3. France Decorative Lighting Market

9.3.4. Spain Decorative Lighting Market

9.3.5. Italy Decorative Lighting Market

9.3.6. Rest of Europe Decorative Lighting Market

9.4. Asia-Pacific Decorative Lighting Market Snapshot

9.4.1. China Decorative Lighting Market

9.4.2. India Decorative Lighting Market

9.4.3. Japan Decorative Lighting Market

9.4.4. Australia Decorative Lighting Market

9.4.5. South Korea Decorative Lighting Market

9.4.6. Rest of Asia Pacific Decorative Lighting Market

9.5. Latin America Decorative Lighting Market Snapshot

9.5.1. Brazil Decorative Lighting Market

9.5.2. Mexico Decorative Lighting Market

9.6. Rest of The World Decorative Lighting Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies

10.2. Company Profiles

10.2.1. Acuity

10.2.1.1. Key Information

10.2.1.2. Overview

10.2.1.3. Financial (Subject to Data Availability)

10.2.1.4. Product Summary

10.2.1.5. Recent Developments

10.2.2. Philips (Signify)

10.2.3. Home Depot

10.2.4. Hubbell

10.2.5. Generation Brands

10.2.6. Juno

10.2.7. Lowe’s

10.2.8. GE Lighting

10.2.9. Osram

10.2.10. Amerlux

Chapter 11. Research Process

11.1. Research Process

11.1.1. Data Mining

11.1.2. Analysis

11.1.3. Market Estimation

11.1.4. Validation

11.1.5. Publishing

11.2. Research Attributes

11.3. Research Assumption

List of Tables

TABLE 1. Global Decorative Lighting Market, report scope

TABLE 2. Global Decorative Lighting Market estimates & forecasts by Region 2018-2028 (USD Billion)

TABLE 3. Global Decorative Lighting Market estimates & forecasts by Product 2018-2028 (USD Billion)

TABLE 4. Global Decorative Lighting Market estimates & forecasts by Light Source 2018-2028 (USD Billion)

TABLE 5. Global Decorative Lighting Market estimates & forecasts by Application 2018-2028 (USD Billion)

TABLE 6. Global Decorative Lighting Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 7. Global Decorative Lighting Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 8. Global Decorative Lighting Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 9. Global Decorative Lighting Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 10. Global Decorative Lighting Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 11. Global Decorative Lighting Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 12. Global Decorative Lighting Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 13. Global Decorative Lighting Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 14. Global Decorative Lighting Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 15. Global Decorative Lighting Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 16. U.S. Decorative Lighting Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 17. U.S. Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 18. U.S. Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 19. Canada Decorative Lighting Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 20. Canada Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 21. Canada Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 22. UK Decorative Lighting Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 23. UK Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 24. UK Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 25. Germany Decorative Lighting Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 26. Germany Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 27. Germany Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 28. RoE Decorative Lighting Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 29. RoE Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 30. RoE Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 31. China Decorative Lighting Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 32. China Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 33. China Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 34. India Decorative Lighting Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 35. India Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 36. India Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 37. Japan Decorative Lighting Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 38. Japan Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 39. Japan Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 40. RoAPAC Decorative Lighting Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 41. RoAPAC Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 42. RoAPAC Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 43. Brazil Decorative Lighting Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 44. Brazil Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 45. Brazil Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 46. Mexico Decorative Lighting Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 47. Mexico Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 48. Mexico Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 49. RoLA Decorative Lighting Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 50. RoLA Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 51. RoLA Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 52. Row Decorative Lighting Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 53. Row Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 54. Row Decorative Lighting Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 55. List of secondary sources, used in the study of global Decorative Lighting Market

TABLE 56. List of primary sources, used in the study of global Decorative Lighting Market

TABLE 57. Years considered for the study

TABLE 58. Exchange rates considered

 
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