The lighting – both natural and artificial – should be considered from the start. The earlier it’s taken into account the more it will complement the interior design and architecture, and work to create the required ambience. The key to great residential lighting is the quality of light and how it interplays with different surfaces. Because light itself is invisible a common mistake is to put too much emphasis on the hardware or design of a luminaire, above the quality of light that’s being emitted.
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 an external power sources providing an artificial lighting solution. With 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: Global Residential Lighting Market
Few of the major competitors currently working in the global residential lighting market are New Sunshine and LEDURE LIGHTINGS LIMITED., Cree; Koninklijke Philips N.V.; Hubbell; GENERAL ELECTRIC COMPANY; Signify Holding; Osram; ACUITY BRANDS LIGHTING, INC.; Panasonic Corporation; Legero Lighting India; NICHIA CORPORATION; Semiconductor; Zumtobel Group; EVERLIGHT; Hinkley Lighting; IKIO LED LIGHTING; Generation Lighting; Artcraft Lighting; Whitecroft Lighting; Airfal International; Nessa.in; Lutron Electronics ; Havells India; Masco Corporation; Eaton; Kenroy Home; Briloner Leuchten;
Significant industry trends, estimations of market size and market share are analyzed and discussed in this Residential Lighting Market report. The company profiles of all the top players and brands that are leading the market with moves like product launches, joint ventures, mergers and acquisitions which in turn is affecting the sales, import, export, revenue and CAGR values are revealed in this market report.
- 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
- 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: Global Residential Lighting Market
- By Fixtures
- Recessed Fixture
- Flush Mount
- Vanity Fixture
- Under Cabinet
- By Lighting Source
- Light-Emitting Diode (LED) & Organic Light-Emitting Diode (OLED)
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
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: Global Residential Lighting Market
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.