High-End Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

High-End Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4084
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Market Overview:

The global high-end lighting market size reached US$ 20.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.

High-end lighting is used to highlight features, create zones, and alter the overall interior design of a space. It is considered luxurious as it offers uniqueness and enhances residential architectural allure. As a result, the rising demand for modern homes with lavish interior designs on account of rapid urbanization and inflating disposable incomes is driving the adoption of high-end lighting solutions worldwide. Moreover, the leading brands are offering custom light fixtures that are a combination of contemporary and traditional lighting styles to create exquisite residential fixtures.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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High-End Lighting Market Trends:

The flourishing construction industry, in confluence with the rising focus on the upgradation of the existing infrastructure with ultra-modern lighting solutions, represents one of the considerable factors bolstering the growth of the market. Moreover, governing agencies of numerous countries are encouraging the adoption of light-emitting diodes (LEDs) over fluorescent lights, halogen lamps, and incandescent bulbs. LEDs are modern-day high-end lighting solutions, which are energy-efficient, eco-friendly and help save energy and reduce environmental pollution. In line with this, LED technology is gaining traction for plant cultivation under controlled environmental conditions, which is contributing to market growth. Apart from this, several brands are integrating advanced technologies like artificial intelligence (AI) and the internet of things (IoT) to offer remote-controlled, wireless high-end lighting variants. These variants are battery-operated, rechargeable, and connected to a smart device using Wi-Fi or Bluetooth. They can also easily move inside spaces and require no visible cabling. This, along with the increasing demand for connected lighting solutions on account of the boosting sales of smartphones, increasing penetration of the internet and the rising trend of smart residential spaces, is anticipated to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global high-end lighting market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on light source type, interior design, application and end user.

Breakup by Light Source Type:

 

 
 

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  • 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:

 

 
 

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  • 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Acuity Brands Lighting 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. and Toshiba Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Light Source Type, Interior Design, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Acuity Brands Lighting 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. and Toshiba Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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High-End Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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