Decorative Lighting Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Acuity Brands, Signify, LEDVANCE, GE Lighting

Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Decorative Lighting Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 4.7% during the review period (2022 to 2027).

Decorative Lighting Market Overview

The growth of the market can be attributed to the increase in demand for better interior decoration and growing demand for energy efficient lighting systems globally. The decorative lighting market is projected to grow at a significant rate during the forecast period. The demand for decorative lighting is high among homeowners, owing to the increasing trend of personalized home interiors. The trend is also driven by the increasing awareness about energy conservation and LED lighting. Homeowners are increasingly using LED lamps in order to reduce their monthly electricity bills and maintain the interior ambiance of their homes. These factors are driving the decorative lighting market growth.

Decorative lighting is able to illuminate an entire room and it can focus on a small area for hobby lighting or for task. The market for decorative lighting is driven by the use of lighting which sets the ambience of the room and it is anticipated to promote the use of several fixtures of lighting. Decorative lightings can create an illusion regarding the size of the room by creating a visually dynamic space along with giving any space a satisfying look with the help of appropriate lighting and fixtures. Decorative lighting is generally made out of incandescent, fluorescent, LED which releases faded or bright lights of various colors.

Who are the Major Players in the Decorative Lighting Market?

The global Decorative Lighting includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Acuity Brands, Signify, LEDVANCE, GE Lighting, Ideal Industries, Hubbell, Copper, Kichler, Generation Brands, Maxim Lighting, Feit Electric Company, Leviton, Hudson Valley Lighting and others.

Industry Updates:

• September.11, 2019, Acuity Brands Takeovers The Luminaires Group -
  
  Acuity Brands announced that its wholly-owned subsidiary, Acuity Brands Lighting, has entered into a purchase agreement to acquire all of the equity interests of The Luminaires Group (TLG) including its five lighting brands: a-light, Cyclone, Eureka, Luminaire LED and Luminis.


• July 15, 2013, Acuity Brands introduces New LED Flush Mount Luminaire from Lithonia Lighting-
  
  Acuity Brands, Inc. (NYSE: AYI) introduces the 7-inch LED Versi Lite™ flush mount luminaire from Lithonia Lighting®. The LED Versi Lite luminaire offers an 84 percent reduction of power consumption compared to 60-watt incandescent flush mount options and is designed for applications such as hallways and corridors, utility closets, bathrooms and work areas.

What are the major Applications, Types and Regions for Decorative Lighting Market?

Decorative Lighting Market is segmented based on the type, applications, companies and regions.

Market Volume (%) By Type, it is segmented into

• LED Lighting


• CFL Lighting


• Incandescent Lighting


• Other

The segment of LED lighting holds a comparatively larger share in global market, which accounts for about 58%.

Market Volume (%) By Applications it is segmented into

• Residential


• Commercial


• Other

The residential holds an important share in terms of applications, and accounts for 74% of the market share.

Decorative Lighting Market Regional Analysis

Asia-Pacific Market is expected to remain a profitable opportunity in the next few years. Population growth and urbanization in developing economies, such as North Korea, China and India, are expected to provide an opportunity for lighting fixture companies in the market. The governments of Maldives, China, India, and Sri Lanka, are also working on the development of tourist destinations by increasing the investment in hotels and restaurants.

North America accounted for over 36% share in the global market revenues in previous year. Almost every household in the countries of the region, such as the United States and Canada, has access to electricity, which played a crucial role in the adoption of innovative decorative lights in the region.

All these factors greatly affect the Decorative Lighting market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Decorative Lighting Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Decorative Lighting Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Decorative Lighting Market report scope?

The report includes in-depth assessment of the competitive landscape, product market sizing (Value and Volume), product benchmarking, market trends, product developments, financial analysis, strategic analysis and many more to measure the impact forces and potential opportunities of the market. As well as this the report also includes a study of major developments in the market like product launches, agreements, acquisitions, collaborations, mergers and many more to comprehend the prevailing market dynamics at current and its impact in the forecast period 2012-2027.

Key Highlights from this Decorative Lighting Report

• A comprehensive backdrop analysis, which contains an assessment of the parent market


• Essential changes in market dynamics.


• Market segmentation up to the second or third level.


• Historical, current, and projected size of the market from the standpoint of both value and volume.


• Reporting and evaluation of recent industry developments.


• Market shares and strategies of major players.


• Emerging niche segments and regional markets.


• An objective assessment of the trajectory of the market.


• Recommendations to companies for strengthening their foothold in the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Decorative Lighting Market is studied from 2017 - 2027.

What is the growth rate of Decorative Lighting Market?

The Decorative Lighting Market is growing at a CAGR of 4.7% over the next 5 years.

Who are the key players in Decorative Lighting Market?

Acuity Brands, Signify, LEDVANCE, GE Lighting, Ideal Industries, Hubbell, Copper, Kichler, Generation Brands, Maxim Lighting, Feit Electric Company, Leviton, Hudson Valley Lighting

What region does this Decorative Lighting Market report covers?

North America (the 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, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Decorative Lighting Market?

LED Lighting, CFL Lighting, Incandescent Lighting, Others

What are the major end-use applications of Decorative Lighting Market?

Residential, Commercial, Others.