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Residential Lighting Market is Growing at a Highest CAGR by 2026 with top Key players Kenroy Home; Briloner Leuchten; Legero Lighting India; Whitecroft Lighting; NICHIA CORPORATION; Semiconductor

Global Residential Lighting Market 

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.

Top Competitors of Residential Lighting are : Kenroy Home; Briloner Leuchten; Legero Lighting India; Whitecroft Lighting; NICHIA CORPORATION; Semiconductor; Zumtobel Group; EVERLIGHT; Hinkley Lighting; Hubbell; GENERAL ELECTRIC COMPANY; Airfal International; Nessa.in; Lutron Electronics, 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; Havells India;

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The Residential Lighting report deals with several factors like growth opportunity assessment (GOA), customer insights (CI), competitive business intelligence (CBI), and distribution channel assessment (DCA). The report includes historic data, present and future market trends, environment, technological innovation, upcoming technologies and the technical progress in the allied industry. By examining competitor analysis, industry can get fluency of the strategies of key players in the market that includes new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. The study conducted in Residential Lighting market report takes into account heterogeneous markets in accord with the requirement of  industry. It also scoops out the most excellent solutions and detailed information about the market trends.

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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 Market

By Fixtures (Recessed Fixture, Flush Mount, Vanity Fixture, Under Cabinet, Outdoor, Others),

By Lighting Source (Incandescent, Fluorescent, LED & OLED),

By Geography (North America, South America, Europe, Asia-Pacific, Middle East and 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 Market

The 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 the residential lighting market for global, Europe, North America, Asia-Pacific, South America, and the Middle East & Africa.

Contact:

Data Bridge Market Research

Tel: +1-888-387-2818

Email: Sopan.gedam@databridgemarketresearch.com

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