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Global Decorative Lighting Market to reach USD 47.02 billion by 2028.

Global Decorative Lighting Market Size study, by Product (Chandeliers, Pendants, Sconce, Flush Mount, Others) by Light Source (LED, Fluorescent, Incandescent, Others) by Application (Commercial, Household) and Regional Forecasts 2022-2028

Product Code: ECE-78084246
Publish Date: 12-07-2022
Page: 200

Global Decorative Lighting Market is valued approximately USD 37.97 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.1% over the forecast period 2022-2028. Decorative lighting is critical in obtaining the aforementioned characteristics. Some popular designers’ shift in attention to decorative lighting has simplified their implementation in homes, stores, malls, libraries, hotels, spas, parlours, restaurants, and washrooms. The growing knowledge of the significance of lighting in creating the mood of a room is projected to increase the utility of various decorative lighting fixtures. A room’s brightness influences perceived size by generating a visually dynamic area. In addition, proper lighting with the suitable fixtures aids in producing a visual appeal to the place. Decorative lighting fixtures are seen as a seamless blend of usefulness and style in modern décor. When modern décor is thoughtfully chosen to compliment the floor, furniture, and wall colour, it creates a warm, inviting, and useful room. Acuity Brands Inc. intends to expand its cooperation with Microsoft in January 2022 in order to bring new capabilities to its lighting controls, building automation solutions, and smart lighting. The growing impact of social media influencers and numerous home décor web series on customers is raising demand for various types of decorative lighting fixtures. Fixtures of diverse forms, sizes, colours, and materials are required. Fiber fixtures are the most frequent, but glass, ceramic, bamboo, carved wood, and cloth fixtures are all popular. The size of the goods is another major aspect affecting the purchase. A fixture should not be so enormous that it dominates the other parts of the space or makes it appear crowded, nor should it be so little that it goes undetected or fails to accomplish its purpose. Signify (Philips), the world’s biggest lighting provider, finalized the acquisition of Fluence in May 2022. The deal fortifies the global farm lighting development platform and increases Signify’s position in the horticulture lighting sector. However, high cost of product impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Decorative Lighting Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America emerged as the market leader. The availability of power to every single household in the United States and Canada is critical to the adoption of innovative decorative lighting techniques. Furthermore, the United States alone has 116,108 malls in 2018. The majority of malls invest considerably in decorative lighting to create an inviting environment. Asia Pacific will be the fastest-growing market. Decorative lighting has a substantial client base in emerging nations like as China, India, the Philippines, Indonesia, Sri Lanka, Bangladesh, and the Maldives due to their growing populations and fast urbanization.

Major market player included in this report are:
Acuity
Philips (Signify)
Home Depot
Hubbell
Generation Brands
Juno
Lowe’s
GE Lighting
Osram
Amerlux
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Chandeliers
Pendants
Sconce
Flush Mount
Others

By Light Source:
LED
Fluorescent
Incandescent
Others

By Application:
Commercial
Household

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Decorative Lighting Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Decorative Lighting Market, by Region, 2020-2028 (USD Billion)
1.2.2. Decorative Lighting Market, by Product, 2020-2028 (USD Billion)
1.2.3. Decorative Lighting Market, by Light Source, 2020-2028 (USD Billion)
1.2.4. Decorative Lighting Market, by Application, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Decorative Lighting Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Decorative Lighting Market Dynamics
3.1. Decorative Lighting Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increasing recognition of the role of the illuminating medium in setting up the ambiance of the room.
3.1.1.2. Increasing number of Home Renovation Projects
3.1.2. Market Challenges
3.1.2.1. High cost of product
3.1.3. Market Opportunities
3.1.3.1. Technological improvements in Decorative Lighting
Chapter 4. Global Decorative Lighting Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Decorative Lighting Market, by Product
6.1. Market Snapshot
6.2. Global Decorative Lighting Market by Product, Performance – Potential Analysis
6.3. Global Decorative Lighting Market Estimates & Forecasts by Product 2018-2028 (USD Billion)
6.4. Decorative Lighting Market, Sub Segment Analysis
6.4.1. Chandeliers
6.4.2. Pendants
6.4.3. Sconce
6.4.4. Flush Mount
6.4.5. Others
Chapter 7. Global Decorative Lighting Market, by Light Source
7.1. Market Snapshot
7.2. Global Decorative Lighting Market by Light Source, Performance – Potential Analysis
7.3. Global Decorative Lighting Market Estimates & Forecasts by Light Source 2018-2028 (USD Billion)
7.4. Decorative Lighting Market, Sub Segment Analysis
7.4.1. LED
7.4.2. Fluorescent
7.4.3. Incandescent
7.4.4. Others
Chapter 8. Global Decorative Lighting Market, by Application
8.1. Market Snapshot
8.2. Global Decorative Lighting Market by Application, Performance – Potential Analysis
8.3. Global Decorative Lighting Market Estimates & Forecasts by Application 2018-2028 (USD Billion)
8.4. Decorative Lighting Market, Sub Segment Analysis
8.4.1. Commercial
8.4.2. Household
Chapter 9. Global Decorative Lighting Market, Regional Analysis
9.1. Decorative Lighting Market, Regional Market Snapshot
9.2. North America Decorative Lighting Market
9.2.1. U.S. Decorative Lighting Market
9.2.1.1. Product breakdown estimates & forecasts, 2018-2028
9.2.1.2. Light Source breakdown estimates & forecasts, 2018-2028
9.2.1.3. Application breakdown estimates & forecasts, 2018-2028
9.2.2. Canada Decorative Lighting Market
9.3. Europe Decorative Lighting Market Snapshot
9.3.1. U.K. Decorative Lighting Market
9.3.2. Germany Decorative Lighting Market
9.3.3. France Decorative Lighting Market
9.3.4. Spain Decorative Lighting Market
9.3.5. Italy Decorative Lighting Market
9.3.6. Rest of Europe Decorative Lighting Market
9.4. Asia-Pacific Decorative Lighting Market Snapshot
9.4.1. China Decorative Lighting Market
9.4.2. India Decorative Lighting Market
9.4.3. Japan Decorative Lighting Market
9.4.4. Australia Decorative Lighting Market
9.4.5. South Korea Decorative Lighting Market
9.4.6. Rest of Asia Pacific Decorative Lighting Market
9.5. Latin America Decorative Lighting Market Snapshot
9.5.1. Brazil Decorative Lighting Market
9.5.2. Mexico Decorative Lighting Market
9.6. Rest of The World Decorative Lighting Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Acuity
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Philips (Signify)
10.2.3. Home Depot
10.2.4. Hubbell
10.2.5. Generation Brands
10.2.6. Juno
10.2.7. Lowe’s
10.2.8. GE Lighting
10.2.9. Osram
10.2.10. Amerlux
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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