Decorative lighting
The market report for decorative lighting of the company research company provides a detailed market evaluation that covers size projections from 2025 to 2034. In this report, important market trends, important drivers and market segmentation are examined by [key segment categories].
How big is the current market size for decorative lighting and your estimated growth rate?
In recent years, the market size for decorative lighting has agreed uniformly. The market size is expected to be increased from $ 40.82 billion in 2024 to $ 42.23 billion in 2025, with an annual growth rate (CAGR) composed of 3.5%. Factors such as urbanization, infrastructure development, expansion in hospitality and retail, shifts in the behavior of consumer expenditure, the development of the real estate industry, aesthetic preferences and trends in architecture and interior fittings influenced growth during historical times.
In the coming years, it will be predicted that the market size for decorative lighting by 2029 increases consistent growth to 49.91 billion US dollars with a compound annual growth rate (CAGR) of 4.3%. This prospective increase during the forecast period can be accredited to factors such as the integration of smart houses, health and wellness considerations, the widespread use of online individual trading channels, initiatives to improve energy efficiency and the growing popularity of open-concept life. The forecast period is also expected to see significant trends such as the inclusion of intelligent lighting, the introduction of energy-efficient LED technology, the adaptation and personalization, the resuscitation of vintage and retro styles as well as the innovations in materials and surfaces as well as the rise of wireless and cordless designs.
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How do emerging segments shape the Decorative Lighting Market Landscape?
The decorative lighting market dealt with in this report is segmented –
1) by product: ceiling, wall mounting, other products
2) By light source: light emitting diode (LED), fluorescent, incandescent lamps, other light sources
3) With distribution channel: offline, online
4) In the event of final use: commercial, household
Subsegms:
1) through the ceiling: chandelier, trailer lights, rinsing holders, ceiling fans with lights
2) Lighting mounted by wall: wall lights, pictorial lights, decorative wall lamps
3) Due to other products: floor lamps, table lamps, decorative lighting outdoors, cord lights
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Which growth factors influence the expansion for the decorative lighting market?
It is expected that the increase in renovation and renovation efforts increase the growth of the decorative lighting market. Renovations and renovations include changes in the structure of the layout and the restoration of certain elements in better condition. The Covid 19 pandemic recorded an increase in the conversion of rooms such as bedrooms and kitchens that were driven by people who worked from home and adhered to social distancing. Decorative lights are of crucial importance in contemporary renovation tasks, since they draw attention to different objects or sections within a room. Different colors and tones of fittings and equipment can change and improve the concept of size and available space. According to the redesign -futures program in the Joint Center for Housing Studies of the Leading Indicator at Harvard University for the renovation activity (Lira), the annual improvement and repair editions in the last quarter of 2021 recorded an increase of 9%, and it is expected that the expected expenditure of 400 billion in the amount of US dollars by 2022 2022 to 2022 until the third quarter of $ 400 billion was classified. As a result, the escalating renovation and renovation measures will help to promote the growth of the decorative lighting market.
Who are the dominant players in various decorative lighting market segments?
The most important companies that work on the decorative lighting market include The Home Depot Inc., General Electric Co., Lowe Companies Inc., Signify NV, Hubbell Incorporated, Osram Light AG, Acuity Brands Lighting Inc., Havells India Limited, Fagerhults Belysing, LSI Industries Inc., Electrony Theater Controls Inc. Savant Systems Inc., Juno Lighting LLC, Amerlux LLC, Maxim Lighting International, Crest Led Lighting Manufacturing Company, Fagerhult Group
Which market trends for decorative lighting gain traction at various segments?
Important actors on the decorative lighting market such as AI Lighting Pioneer Lepro use intelligent, adaptive technologies such as AI-generated Lighting Tech to improve their user experience and remain competitive. This technology, which was embodied by Lepro's Lightgpm in April 2024, revolutionizes the lighting by adapting the lighting to individual preferences and activities based on emotional reactions. LEPro's new offers provide more than 12,000 dynamic effects that are supported by AI-controlled language and facial expression recognition and enable a uniquely customizable experience. In connection with Lightbeats Music Sync and the LEPRO+ app, users can easily modulate their lighting scenes and moods. Overall, LightGPM means dawn of human, reaction -fast intelligent lighting that changes people's interaction with the lights at home.
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Which geographical regions will dominate the decorative light market in the coming years?
North America was the largest region on the decorative lighting market in 2024. Asia Pacific will probably be the fastest growing region in the forecast period. The regions that are covered in the Decorative Lighting Market Report are Asian-Pacific, Western European, Eastern Europe, North America, South America, the Middle East, Africa.
Frequently asked questions:
1. How big is the market size and the growth rate of the decorative lighting market?
2. What is the CAGR expected on the decorative lighting market?
3. What are the most important innovations that change the decorative lighting industry?
4. Which region leads the decorative lighting market?
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