Residential Lighting Market is Booming Market to Grow at Healthy CAGR forecast by 2026 with Top Key players like Generation Lighting; Artcraft Lighting; New Sunshine and LEDURE LIGHTINGS, Cree

Press Release

Global Residential Lighting Market By Fixtures (Recessed Fixture, Flush Mount, Vanity Fixture, Under Cabinet, Outdoor, Others), Lighting Source (Incandescent, Fluorescent, LED & OLED), Geography (North America, South America, Europe, Asia-Pacific, Middle East, and Africa) – Industry Trends and Forecast to 2026

Residential lighting can be defined as the illuminating/lighting devices that are utilized in various residential households to provide desirable aesthetic and artificial lighting. These lighting products are powered through external power sources providing an artificial lighting solution. With the growing prevalence of IoT and smart homes, manufacturers have started integrating the lighting products with smart homes and providing customized illuminating devices according to the need of the users.

Global Residential Lighting Market is expected to register a substantial CAGR of 5.09% in the forecast period of 2019-2026. This rise in market value can be attributed to the growth levels of urbanization globally, as well as the rise in levels of construction of residential infrastructures worldwide.

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Major Market Competitors/Players: Residential Lighting 

Few of the major competitors currently working in the global residential lighting market are IKIO LED LIGHTING; Generation Lighting; Artcraft Lighting; New Sunshine and LEDURE LIGHTINGS, Cree; Koninklijke Philips N.V.; Signify Holding; Osram; ACUITY BRANDS LIGHTING; Panasonic Corporation; Masco Corporation; Eaton; Kenroy Home; Briloner Leuchten;Legero Lighting India;Whitecroft Lighting;NICHIA CORPORATION; Semiconductor; Zumtobel Group; EVERLIGHT; Hinkley Lighting; Hubbell; GENERAL ELECTRIC COMPANY; Airfal International;; Lutron Electronics, Havells India;

The Residential Lighting Market report offers key parts of the business with the subtleties of the effect and industry specialists keep up a reliable review with inventive patterns, offer and cost. It offers a flat-out examination of the industry in a joined stage which is grounds on various fragments including key areas, item/administration types, and applications, innovation and so forth. An appraisal of the effect of current market patterns and conditions is additionally included to give data on the future market extension. The report gives itemized data on the future effect of different guidelines received by the government in different divisions of the market.

Market Drivers:

  • Rapid innovations and advancements in technologies in the market; this factor is expected to flourish the growth of the market
  • Significant rise in the levels of smart homes and integration of IoT services globally resulting in greater usage of smart residential lighting; this factor is expected to enhance the growth of the market
  • Presence of certain regulations and compliances regarding the usage of incandescent bulbs due to their environmental effects resulting in greater adoption of LED lighting; this factor is expected to drive the growth of the market

Market Restraints:

  • Increasing levels of rivalry from cheaper products manufactured in the China region; this factor is expected to restrain the growth of the market
  • Presence of lower quality of products flooding the market resulting in hindrance towards the adoption of these products; this factor is expected to restrain the growth of the market

Table of Content:

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Global Residential Lighting Market Landscape

Part 04: Global Residential Lighting Market Sizing

Part 05: Global Residential Lighting Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Segmentation: Residential Lighting 

  • By Fixtures
    • Recessed Fixture
    • Flush Mount
    • Vanity Fixture
    • Under Cabinet
    • Outdoor
    • Others
  • By Lighting Source
    • Incandescent
    • Fluorescent
    • Light-Emitting Diode (LED) & Organic Light-Emitting Diode (OLED)
  • By Geography
    • North America
      • US
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Turkey
      • Belgium
      • Netherlands
      • Switzerland
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • South Korea
      • India
      • Australia
      • Singapore
      • Thailand
      • Malaysia
      • Indonesia
      • Philippines
      • Rest of Asia Pacific
    • Middle East & Africa
      • South Africa
      • Egypt
      • Saudi Arabia
      • United Arab Emirates
      • Israel
      • Rest of Middle East & Africa

Key Developments in the Market:

  • In April 2018, Lutron Electronics Co., Inc announced that they had agreed to acquire Ketra. Ketra’s lighting products will be integrated with Lutron’s lighting control and together they will be able to provide for residential applications as well as in commercial environments.
  • In March 2018, Masco Corporation announced that they had completed the acquisition of The L.D. Kichler Co. for an approximate amount of USD 550 million. This acquisition will improve the product portfolio of Masco Corporation for lighting products for residential and commercial end-users.

Competitive Analysis: Residential Lighting 

Global residential lighting market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of residential lighting market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.