The Decorative Lighting Market size was valued at USD 112.3 Bn. in 2023 and the total Global Decorative Lighting Market revenue is expected to grow at a CAGR of 6.2% from 2024 to 2030, reaching nearly USD 171.10 Bn. by 2030.
Decorative Lighting Market: Report Scope and Research Methodology
The Decorative Lighting Market Report offers an in-depth analysis of the market’s current landscape and future growth prospects, encompassing various types of decorative lighting, including chandeliers, pendant lights, wall sconces, and LED strips. The report covers key segments such as product types, materials, styles, applications, distribution channels, and regional markets to provide a holistic understanding of market trends and dynamics. The research methodology integrates both primary and secondary research approaches.
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What are Decorative Lighting Market: Dynamics
The Decorative Lighting Market is shaped by several key factors that drive its growth and evolution. Increasing consumer preference for aesthetic home decor and interior design is a major driver, as decorative lighting plays a critical role in enhancing the ambiance and visual appeal of residential and commercial spaces. The growing popularity of smart and energy-efficient lighting solutions, such as LED-based decorative lights, is further fueling market expansion, driven by technological advancements and environmental awareness.
What is Decorative Lighting Market: Regional Insight
The Decorative Lighting Market showcases distinct regional dynamics driven by variations in consumer preferences, economic conditions, and levels of urban development. North America and Europe are key markets, characterized by a strong demand for innovative and energy-efficient lighting solutions, driven by high consumer spending power, a well-established home decor industry, and growing interest in smart home technologies. In contrast, the Asia-Pacific region, led by countries like China, India, and Japan, is experiencing rapid growth due to increasing urbanization, rising disposable incomes, and a burgeoning middle class with a growing focus on home aesthetics. The demand in these regions is also bolstered by a surge in real estate development and renovations.
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What is Decorative Lighting Market: Segmentation
By Product
Chandeliers
Pendants
Sconce
Flush Mount
Others
By Light Source
LED
Fluorescent
Incandescent
Others
By Application
Commercial
Household
Who are Decorative Lighting Market: Key Players
Philips Lighting (Netherlands)
OSRAM GmbH (Germany)
Acuity Brands (United States)
Cree Inc. (United States)
General Electric Company (United States)
Eaton Corporation (Ireland)
Hubbell Incorporated (United States)
Zumtobel Group AG (Austria)
Lutron Electronics Co., Inc. (United States)
Panasonic Corporation (Japan)
Signify N.V. (Netherlands)
Legrand S.A. (France)
Schneider Electric (France)
Fagerhult Group (Sweden)
Crompton Greaves Consumer Electricals Ltd (India)
Hinkley Lighting Inc. (United States)
Kichler Lighting LLC (United States)
Progress Lighting (United States)
Targetti Sankey S.p.A. (Italy)
Feilo Sylvania (China)
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Key Offerings:
- Past Market Size and Competitive Landscape
- Market Size, Share, Size Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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