Retail
The global decorative lighting market reached a value of US$ 41.4 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the decorative lighting market are focusing on meeting the growing demand for decorative lights and innovating the products to serve both style and functionality. They are also manufacturing ceiling fans integrated with lights and unique designs to complement the aesthetics of modern spaces. Leading companies are enabling their buyers to customize the product in various designs, such as chandelier-style assemblies, three or four-arm downlight assemblies, and globe assemblies. They are also producing decorative lighting fixtures in a wide variety of materials, such as ceramic, glass, fiber, bamboo, and carved wood. Apart from this, key players are producing light-emitting diode (LED) decorative lighting, which is energy efficient and cost-effective. They are expanding their portfolio by introducing a wide range of color options, brightness levels, and designs in their products. Furthermore, key companies are selling smart decorative lighting, which can be connected to Wi-Fi and operated by voice control systems. Looking forward, the market value is expected to reach US$ 54.7 Billion by 2032, growing at a CAGR of 3.1% during the forecast period (2024-2032).
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The global decorative lighting market has several major players, including Acuity Brands, Inc. Bridgelux, Inc., Crest LED Lighting Manufacturing, Fagerhults Belysing AB, The General Electric Company, Honeywell International Inc., Hubbell Incorporated, Ideal Industries, Inc., Maxim Lighting International, Nichia Corporation, ams OSRAM, and Signify Holding. More information about these companies has been provided below.
Establishment: |
1892 |
Headquarters: |
Georgia, United States |
Website: |
https://www.acuitybrands.com/ |
Acuity Brands, Inc., is a smart lighting and building management system provider that provides a comprehensive portfolio across all outdoor and indoor applications, including location-aware technology. It focuses on utilizing technology in solving issues in spaces, lights, and more components related to homes. It also manufactures horticulture lighting along with ultraviolet disinfection products which are effective in reducing active pathogen load within a space.
Establishment: |
2002 |
Headquarters: |
Fermont, United States |
Website: |
https://www.bridgelux.com/ |
Bridgelux, Inc., is a solid-state lighting solutions company that focuses on producing energy-efficient light-emitting diode (LED) based lighting technologies. Its patented light source technology is effective in producing clean, white LEDs, which are used as the core of commercial and industrial lighting. Its products are made by research, efficient engineering, and human intuition.
Establishment: |
1993 |
Headquarters: |
Islamabad, Pakistan |
Website: |
https://www.crestled.com/ |
Crest LED Lighting Manufacturing is an LED lighting manufacturing company providing budget-friendly lighting solutions and overcoming energy shortfalls. It focuses on creating practical, sustainable, and innovative lighting solutions which are tailored to the locations and demands of their customers. The company also manufacture industrial lighting and various home automation systems, including smart gate openers, sensors, and security systems.
Establishment: |
1945 |
Headquarters: |
Fagerhult, Sweden |
Website: |
https://www.fagerhult.com |
Fagerhults Belysing AB is a premium lighting company that provides top-quality lights for the residential as well as educational, healthcare, and retail sectors. It operates closely with their partners to present tailor-made lighting solutions to their customers. It started their operations when their founder Bertil Svensson first made a brilliant Christmas light for his mother and later produced an extensive range of luminaires with unique and state-of-the-art designs. The company has been upgrading their technology and manufacturing techniques with time to present the same quality in new products.
Establishment: |
1889 |
Headquarters: |
Massachusetts, United States |
Website: |
https://www.ge.com/ |
The General Electric Company is one of the oldest technology and financial services companies and operates through various segments, including power, renewable energy, aviation, healthcare, and capital. The company started operating when its founder Thomas Alva Edison discovered the light bulb and are still thriving in the industry with its rich legacy and advanced technology.
Establishment: |
1885 |
Headquarters: |
North Carolina, United States |
Website: |
https://www.honeywell.com/us/ |
Honeywell International Inc. is an engineering and technology company that is investing in and manufacturing technologies to address challenges in various sectors, such as energy, security, aerospace, and global urbanization.
Establishment: |
1888 |
Headquarters: |
Connecticut, United States |
Website: |
https://www.hubbell.com/ |
Hubbell Incorporated initiated its operations when its founder Harvey Hubbell Developed equipment and tooling to serve the emerging demand for new assembly and manufacturing machinery during the industrial revolution. The company is continuing its tradition of growth and innovation in current scenarios and are focusing on providing high-quality, dependable products to its customers.
Establishment: |
1916 |
Headquarters: |
Illinois, United States |
Website: |
https://www.idealindustries.com/ |
Ideal Industries, Inc. is a global enterprise with companies assisting technicians and workers across a wide array of industries, from electrical to construction to aerospace to automotive. It is focusing on creating some of the most innovative industry-transforming technologies in the world and carrying on its rich legacy.
Establishment: |
1970 |
Headquarters: |
California, United States |
Website: |
https://www.maximlighting.com/ |
Maxim Lighting International Inc. has been refining and redefining cutting-edge lighting demands by producing premium quality lights that offer dramatic silhouettes, warm glow, and soft and sensual illumination. It focuses on creating extravagant and beautiful lighting designs which perfectly complements the aspects of a modern interior.
Establishment: |
1956 |
Headquarters: |
Anan, Tokushima, Japan |
Website: |
https://www.nichia.co.jp/ |
Nichia Corporation was initially started as a leading manufacturer of phosphor and later transformed into manufacturing a wide variety of innovative products, including the first high-luminous blue LED in the world, laser diodes, and magnetic materials.
Establishment: |
1906 |
Headquarters: |
Styria, Austria |
Website: |
https://ams-osram.com/ |
ams OSRAM AG focuses on providing top-quality optical solutions along with unique products and technology portfolios for sensing, illumination, and visualization. It also manufactures high-quality light emitters, optical components, micromodules, light sensors, and other related software.
Establishment: |
1891 |
Headquarters: |
Eindhoven, North Brabant |
Website: |
https://www.signify.com/global |
Signify Holding B.V. provides top-quality lighting solutions and products and thrives with its passion for sustainability and innovation. It is focusing on becoming the most suitable lighting company for the internet of things (IoT) and manufacturing innovative LED lighting for professional and consumer markets.
About Author:
Aditi Kumar Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels.. |
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