According to the latest report by IMARC Group, titled “High-End Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global high-end lighting market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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High-end lighting refers to a luxurious lighting solution widely used in commercial, residential, and industrial sectors. It helps in creating zones and altering the overall interior design of a space. It also assists in enhancing the architecture allure and providing custom light features. At present, the demand for high-end lighting products is increasing worldwide due to rapid urbanization and inflating disposable incomes.
There is a rise in the upgradation of the existing infrastructure across the globe. This, in confluence with the high-speed internet connectivity and boosting sales of smartphones, represents one of the key factors driving the market. Apart from this, governing agencies of numerous countries are promoting energy-efficient, eco-friendly lighting solutions, which are impelling the market growth. Moreover, leading players are focusing on the integration of advanced solutions like the Internet of Things (IoT) and artificial intelligence (AI), which is further propelling the growth of the market.
High-End Lighting Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global high-end lighting market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Acuity Brands Inc.
- CREE Inc.
- Electronic Theatre Controls Inc.
- General Electric Company
- Helestra Leuchten GmbH
- Holtkötter Licht GmbH
- Honeywell International Inc.
- Lutron Electronics Co. Inc.
- OSRAM Licht AG (ams AG)
- Signify N.V.
- Toshiba Corporation
Key Market Segmentation:
The report has segmented the global high-end lighting market on the basis of light source type, interior design, applications, end user and region.
Breakup by Light Source Type:
- LED Lamps
- HID Lamps
- Fluorescent Lights
- Others
Breakup by Interior Design:
- Modern
- Traditional
- Transitional
Breakup by Application:
- Wired
- Wireless
Breakup by End User:
- Commercial
- Industrial
- Residential
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://bit.ly/3h32vzW
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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