HTF MI recently introduced Global Decorative Lighting Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2030). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Acuity Brands (United States), General Electric Co. (United States), OSRAM Light AG (Germany), Signify Holding (Netherlands), Cree, Inc. (United States), Hubbell Incorporated (United States), Zumtobel Group AG (Austria), Lutron Electronics Co., Inc. (United States), Fagerhult Group (Sweden), Eaton Corporation (Ireland), Crompton Greaves Consumer Electricals Ltd. (India), Wipro Lighting (India), Koninklijke Ten Cate nv (Netherlands), Feilo Sylvania (Shanghai) Lighting Co., Ltd. (China), Eglo Leuchten GmbH (Austria), Hinkley Lighting, Inc. (United States), Bruck Lighting Systems, Inc. (United States), Kichler Lighting LLC (United States), Others.
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According to HTF Market Intelligence, the Global Decorative Lighting market is expected to grow from XX USD in 2023 to XX USD by 2030, with a CAGR of 8.00% from 2024 to 2030. The market is segmented by Global Decorative Lighting Market Breakdown by Application (Commercial, Household) by Product (Chandeliers, Pendants, Sconce, Flush Mount, Others) by Light Source (LED, Fluorescent, Incandescent, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
As opposed to general lighting, the market for lighting fixtures and goods intended primarily for ornamental reasons is known as the decorative lighting market. Chandeliers, pendant lights, wall lights, floor lamps, table lamps, and outdoor lamps like path lights and landscape lights are all part of this business. These lighting devices are not only functional but also artistic, having the ability to create ambiance, stand out, and blend in with other elements of interior design in residential, commercial, and hospitality spaces. They come in a range of patterns, hues, and materials to accommodate a variety of tastes and architectural philosophies. Decorative lighting adds a special touch and improves the atmosphere in residences, hotels, restaurants, shops, workplaces, and other public spaces.
Market Trends:
- Growing adoption of smart lighting systems that can be controlled via apps and voice assistants.
Market Drivers:
- Rapid urbanization and new housing projects increase demand for decorative lighting.
Market Opportunities:
- Demand from residential and commercial renovation projects provides a steady market.
Dominating Region:
- North America, Europe
Fastest-Growing Region:
- Asia-Pacific
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Decorative Lighting market segments by Types: Chandeliers, Pendants, Sconce, Flush Mount, Others
Detailed analysis of Decorative Lighting market segments by Applications: Commercial, Household
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Decorative Lighting Market Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Decorative Lighting Market:
Chapter 01 – Decorative Lighting Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Global Decorative Lighting Market – Pricing Analysis
Chapter 05 – Global Decorative Lighting Market Background or History
Chapter 06 — Global Decorative Lighting Market Segmentation (e.g. Type, Application)
Chapter 07 – Key and Emerging Countries Analysis Worldwide Decorative Lighting Market
Chapter 08 – Global Decorative Lighting Market Structure & worth Analysis
Chapter 09 – Global Decorative Lighting Market Competitive Analysis & Challenges
Chapter 10 – Assumptions and Acronyms
Chapter 11 – Decorative Lighting Market Research Methodology
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