What is the estimated value of the Global Market for Lighting Fixtures and Luminaires?


Posted March 25, 2022 by Amruta75

Lighting Fixturess are mostly used in manufacturing and warehouse industries, due to the need to move heavy products in easier way to several locations in a very short time

 
The global lighting industry is rapidly moving from conventional lighting technology such as incandescent and fluorescent lighting to advanced and energy-efficient LED lighting technology. Strict regulatory norms on energy consumption and rising consumer awareness regarding energy efficiency have led to a significant increase in demand for advanced lighting fixtures. Furthermore, the demand for better lighting including lighting distribution, color temperature, and color consistency is expected to drive growth of the market during the forecast period.
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Lighting Fixturess are mostly used in manufacturing and warehouse industries, due to the need to move heavy products in easier way to several locations in a very short time, in order to increase the production process. Increasing application and rising demand for Lighting Fixturess from end-use industries are some of the major factors driving growth of the Lighting Fixtures market, which in turn is expected to create growth opportunities for manufacturers operating in this market. As a result of rising demand for Lighting Fixturess, manufacturers are focusing on various strategies such as partnerships and acquisitions in order to expand their customer base in the market and strengthen their foothold in the global Lighting Fixtures market.
Competitive Scenario:-
Major companies operating in the global lighting fixtures market are Acuity Brands, Inc., Zumtobel Lighting GmbH, Cooper Lighting, LLC, Panasonic Corporation Eco Solutions Company, General Electric Company, OSRAM Licht AG, Koninklijke Philips N.V., LSI Industries Inc., Juno Lighting Group, and Hubbell Lighting, Inc.
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Reasons to Buy the Report:
Learn about the driving factors, affecting the market growth.
Understand where the market opportunities lie.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restraints that are likely to hamper the market.
In-depth market segmentation by Type, Application, etc.
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising
Breakup by Region:
· North America: (United States, Canada)
· Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
· Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
· Latin America: (Brazil, Mexico, Others)
· Middle East and Africa
Table of Contents:-
· Chapter 1. Methodology & Sources
· Chapter 2. Executive Summary
· Chapter 3. Key Insights
· Chapter 4. Lighting Fixtures Market Segmentation & Impact Analysis
· Chapter 5. Lighting Fixtures Market by Components Insights & Trends, Revenue (USD Million
· Chapter 6. Lighting Fixtures Market by Application Insights & Trends, Revenue (USD Million)
· Chapter 7. Lighting Fixtures Market by End-Use Insights & Trends, Revenue (USD Million)
· Chapter 8. Lighting Fixtures Market Regional Outlook
· Chapter 9. Competitive Landscape
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COVID-19 scenario:-
The COVID-19 pandemic impacted the production of Lighting Fixtures in the first and second quarters of 2020–21.The adoption of new technology in the automotive, food & beverage, and electronics sectors added to the demand for Lighting Fixtures in the third and fourth quarters of 2020. The COVID-19 pandemic impacted many sectors such as transportation and supply chains on a global level. This caused a decline in the manufacturing of robots as well as their demand in the market. The re-initiation of Lighting Fixtures manufacturing businesses is expected in the near future, which will boost the Lighting Fixtures market.
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Last Updated March 25, 2022