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Residential Lighting Fixtures Market: Global Industry Analysis and Forecast (2024-2030) by Service Type, Organization Size, Service Model, End-User and Region
Global Residential Lighting Fixtures Market size was valued at USD 19.27 Bn. in 2023 and is expected to reach USD 28.78 Bn. by 2030, at a CAGR of 5.9 % forecast year.
Format : PDF | Report ID : SMR_1509
Residential Lighting Fixtures market Overview
The energy efficient and economical lighting fixtures are increasingly replacing traditional lighting devices. Furthermore, the introduction of the internet of things (IOT) has increased product visibility among millennial consumers. Lighting fixture is an important element in terms of home decoration, which is gaining popularity among smart homes. Consumers have been increasingly investing in home décor due to the rising purchasing power. Over the past few years, the demand for dimmable or brightness controllable lights has witnessed a significant rise, among the consumers as they can create the desired atmosphere using the lights.
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Residential Lighting Fixtures Market Dynamics
The market is mainly driven by increasing demand for energy efficient products in the residential and commercial sectors along with government support for low energy consumption plans.
Rapid urbanization and infrastructure development in countries worldwide have led to an increase in lightning fixtures market demand. With the rise in urbanization, there is growing need for reliable lightning solutions, which can enhance the look of residential, commercial, and industrial spaces. Thus the growth in urbanization and infrastructural development is expected to elevate the lightning fixtures market value.
The expansion and modernization of cities creates demand for efficient and aesthetic looking lightning fixtures for cafes, hotels, offices, and other places. Likewise growth in infrastructural construction and enhancement projects, such as airports, stadiums, and bridges, also significantly impacts the global lightning fixtures industry.
Residential Lighting Fixtures Market opportunities and growth
The residential lightning fixtures market provides numerous opportunities for expansion and improvement. One significant opportunity is the growing demand for energy efficient fixtures that help save energy while also protecting the environment. People want lightning solutions that use less electricity and last longer, such as LED lights. Another possibility is to connect lightning fixtures to smart home systems. This means you can control your lights with your phone or voice commands, making it easier and more convenient. People also want fixtures that suit their unique style and make their houses better. Customizable options enable consumers to select the best design, colour, and finish for their needs. Health and well-being are other important factors to consider. Lightning fixtures that promote sleep and disinfect the air are becoming increasingly popular.
Residential Lighting Fixtures Market challenges
Loose switch wiring
One of the most common problems with lights is a loose wire connection at the switch. Constant switching on and off can loosen the connection. Turn the power of at the breaker panel, remove the switch cover, and then tighten any loose wires.
Bad switch contacts
If the bulb flickers on and off, it could be caused by switch contacts are worn out. Sometimes you'll hear a sizzling or crackling sound when the switch contacts are bad. Replacing the switch will correct the problem.
Incompatible dimmer switches
If you have upgraded your light fixtures from incandescent to LED bulbs it's important to use dimmer switches that are compatible with LED bulbs. Older dimmer switches were designed for use with standard incandescent bulbs only, and if you use CFL or LED bulbs it can damage the circuitry of the bulb, causing it to burn out prematurely. Clover Electric can install LED-safe dimmer switches to prevent future problems.
Residential Lighting Fixtures Market Regional insights.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Global Residential Lighting Fixtures Market Segment Analysis
This report forecasts revenue growth at global, regional and country levels and provides analysis of the latest industry trends and opportunities in each of the sub segments from 2024 to 2030. For this study, stellar market research has segmented the Global Residential Lighting Fixtures Market report based on by type, by product type, by Light Source and by Distribution Channel.
Global Residential Lighting Fixtures Market Competitive Landscape
The competitive analysis of the Market includes the Market size, growth rate and key trends. The report provides information about the Key companies, such as their size, Light services, Lighting Fixtures market share, and geographic presence. The report provides such type of competitive landscape of all Global Residential washing Machine Market Key Players to assist new market entrants. The report provides such type of competitive landscape of all Key Players to assist new market entrants. The report offers Competitive benchmarking of the Global Residential Lighting Fixtures Market through the Market revenue, share and size of the key players.
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Global Residential Lighting Fixtures Market Scope |
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Market Size in 2023 |
USD 19.27 Bn. |
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Market Size in 2030 |
USD 28.78 Bn. |
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CAGR (2024-2030) |
5.9 Percent |
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Historic Data |
2018-2022 |
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Base Year |
2023 |
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Forecast Period |
2024-2030 |
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Segment Scope |
By Product
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By Type
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By Light Source
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By Distribution Channel
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Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Residential Lighting Fixtures Market Key Player
1. Philips Lighting (Signify)
2. OSRAM Light AG
3. Acuity Brands
4. Zumtobel Group
5. General Electric
6. Hubbell Incorporated
7. Cree Inc.
8. Eaton Corporation
9. Lutron Electronics
10. Legrand
11. Panasonic Corporation
12. Thorn Lighting
13. Cooper Lighting Solutions
14. Schneider Electric
15. Fagerhult Group
16. Zumtobel Group
17. Dialight Corporation
18. Holophane (Acuity Brands)
19. Sylvania Lighting
20. Mitsubishi Electric Corporation
21. LG Electronics
22. Kenall Manufacturing
23. Artemide Group
24. Trilux Group
Frequently Asked Questions
Asia Pacific is expected to dominate the Global Residential Lighting Fixtures Market during the forecast period.
The Global Residential Lighting Fixtures Market is expected to reach USD 28.78 Bn by 2030.
The major top players in the Global Residential Lighting Fixtures Market are Zumtobel lighting GMBH, Cooper Lighting, LLC, Panasonic Corporation, General Electric Company, and others.
The market is mainly driven by increasing demand for energy efficient products in the residential and commercial sectors along with government support for low energy consumption plans.
1. Global Residential Lighting Fixtures Market: Research Methodology
2. Global Residential Lighting Fixtures Market: Executive Summary
3. Global Residential Lighting Fixtures Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Competitive Landscape
3.3. Key Players Benchmarking
3.4. Market Structure
3.4.1. Market Leaders
3.4.2. Market Followers
3.4.3. Emerging Players
3.5. Consolidation of the Market
4. Global Residential Lighting Fixtures Market: Dynamics
4.1. Market Trends by Region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Market Drivers by Region
4.2.1. North America
4.2.2. Europe
4.2.3. Asia Pacific
4.2.4. Middle East and Africa
4.2.5. South America
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Challenges
4.6. PORTER’s Five Forces Analysis
4.7. PESTLE Analysis
4.8. Value Chain Analysis
4.9. Regulatory Landscape by Region
4.9.1. North America
4.9.2. Europe
4.9.3. Asia Pacific
4.9.4. Middle East and Africa
4.9.5. South America
5. Global Residential Lighting Fixtures Market Size and Forecast by Segments (by Value USD and Volume Units)
5.1. Global Residential Lighting Fixtures Market Size and Forecast, By Product(2023-2030)
5.1.1. Ceiling
5.1.2. Pendant and chandeliers
5.1.3. Wall Mounted
5.1.4. Portable
5.1.5. Others
5.2. Global Residential Lighting Fixtures Market Size and Forecast, By type (2023-2030)
5.2.1. Indoor Lighting Fixtures
5.2.2. Outdoor Lighting Fixtures
5.2.3. Speciality Lighting Fixtures
5.2.4. Smart Lighting Fixtures
5.3. Global Residential Lighting Fixtures Market Size and Forecast, By Light Source(2023-2030)
5.3.1. LED
5.3.2. Incandescent
5.3.3. Fluorescent
5.3.4. HID
5.4. Global Residential Lighting Fixtures Market Size and Forecast, By Distribution Channel(2023-2030)
5.4.1. Supermarket and hypermarket
5.4.2. E-commerce
5.4.3. Others
5.5. Global Residential Lighting Fixtures Market Size and Forecast, by Region (2023-2030)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Middle East and Africa
5.5.5. South America
6. North America Global Residential Lighting Fixtures Market Size and Forecast (by Value USD and Volume Units)
6.1. North America Global Residential Lighting Fixtures Market Size and Forecast, By Product(2023-2030)
6.1.1. Ceiling
6.1.2. Pendant and chandeliers
6.1.3. Wall Mounted
6.1.4. Portable
6.1.5. Others
6.2. North America Global Residential Lighting Fixtures Market Size and Forecast, By type (2023-2030)
6.2.1. Indoor Lighting Fixtures
6.2.2. Outdoor Lighting Fixtures
6.2.3. Speciality Lighting Fixtures
6.2.4. Smart Lighting Fixtures
6.3. North America Global Residential Lighting Fixtures Market Size and Forecast, By Light Source(2023-2030)
6.3.1. LED
6.3.2. Incandescent
6.3.3. Fluorescent
6.3.4. HID
6.4. North America Global Residential Lighting Fixtures Market Size and Forecast, By Distribution Channel(2023-2030)
6.4.1. Supermarket and hypermarket
6.4.2. E-commerce
6.4.3. Others
6.5. North America Global Residential Lighting Fixtures Market Size and Forecast, by Country (2023-2030)
6.5.1. United States
6.5.2. Canada
6.5.3. Mexico
7. Europe Global Residential Lighting Fixtures Market Size and Forecast (by Value USD and Volume Units)
7.1. Europe Global Residential Lighting Fixtures Market Size and Forecast, By Product(2023-2030)
7.1.1. Ceiling
7.1.2. Pendant and chandeliers
7.1.3. Wall Mounted
7.1.4. Portable
7.1.5. Others
7.2. Europe Global Residential Lighting Fixtures Market Size and Forecast, By type (2023-2030)
7.2.1. Indoor Lighting Fixtures
7.2.2. Outdoor Lighting Fixtures
7.2.3. Speciality Lighting Fixtures
7.2.4. Smart Lighting Fixtures
7.3. Europe Global Residential Lighting Fixtures Market Size and Forecast, By Light Source(2023-2030)
7.3.1. LED
7.3.2. Incandescent
7.3.3. Fluorescent
7.3.4. HID
7.4. Europe Global Residential Lighting Fixtures Market Size and Forecast, By Distribution Channel(2023-2030)
7.4.1. Supermarket and hypermarket
7.4.2. E-commerce
7.4.3. Others
7.5. Europe Global Residential Lighting Fixtures Market Size and Forecast, by Country (2023-2030)
7.5.1. UK
7.5.2. France
7.5.3. Germany
7.5.4. Italy
7.5.5. Spain
7.5.6. Sweden
7.5.7. Austria
7.5.8. Rest of Europe
8. Asia Pacific Global Residential Lighting Fixtures Market Size and Forecast (by Value USD and Volume Units)
8.1. Asia Pacific Global Residential Lighting Fixtures Market Size and Forecast, By Product(2023-2030)
8.1.1. Ceiling
8.1.2. Pendant and chandeliers
8.1.3. Wall Mounted
8.1.4. Portable
8.1.5. Others
8.2. Asia Pacific Global Residential Lighting Fixtures Market Size and Forecast, By type (2023-2030)
8.2.1. Indoor Lighting Fixtures
8.2.2. Outdoor Lighting Fixtures
8.2.3. Speciality Lighting Fixtures
8.2.4. Smart Lighting Fixtures
8.3. Asia Pacific Global Residential Lighting Fixtures Market Size and Forecast, By Light Source(2023-2030)
8.3.1. LED
8.3.2. Incandescent
8.3.3. Fluorescent
8.3.4. HID
8.4. Asia Pacific Global Residential Lighting Fixtures Market Size and Forecast, By Distribution Channel(2023-2030)
8.4.1. Supermarket and hypermarket
8.4.2. E-commerce
8.4.3. Others
8.5. Asia Pacific Global Residential Lighting Fixtures Market Size and Forecast, by Country (2023-2030)
8.5.1. China
8.5.2. S Korea
8.5.3. Japan
8.5.4. India
8.5.5. Australia
8.5.6. Indonesia
8.5.7. Malaysia
8.5.8. Vietnam
8.5.9. Taiwan
8.5.10. Bangladesh
8.5.11. Pakistan
8.5.12. Rest of Asia Pacific
9. Middle East and Africa Global Residential Lighting Fixtures Market Size and Forecast (by Value USD and Volume Units)
9.1. Middle East and Africa Global Residential Lighting Fixtures Market Size and Forecast, By Product(2023-2030)
9.1.1. Ceiling
9.1.2. Pendant and chandeliers
9.1.3. Wall Mounted
9.1.4. Portable
9.1.5. Others
9.2. Middle East and Africa Global Residential Lighting Fixtures Market Size and Forecast, By type (2023-2030)
9.2.1. Indoor Lighting Fixtures
9.2.2. Outdoor Lighting Fixtures
9.2.3. Speciality Lighting Fixtures
9.2.4. Smart Lighting Fixtures
9.3. Middle East and Africa Global Residential Lighting Fixtures Market Size and Forecast, By Light Source(2023-2030)
9.3.1. LED
9.3.2. Incandescent
9.3.3. Fluorescent
9.3.4. HID
9.4. Middle East and Africa Global Residential Lighting Fixtures Market Size and Forecast, By Distribution Channel(2023-2030)
9.4.1. Supermarket and hypermarket
9.4.2. E-commerce
9.4.3. Others
9.5. Middle East and Africa Global Residential Lighting Fixtures Market Size and Forecast, by Country (2023-2030)
9.5.1. South Africa
9.5.2. GCC
9.5.3. Egypt
9.5.4. Nigeria
9.5.5. Rest of ME&A
10. South America Global Residential Lighting Fixtures Market Size and Forecast (by Value USD and Volume Units)
10.1. South America Global Residential Lighting Fixtures Market Size and Forecast, By Product(2023-2030)
10.1.1. Ceiling
10.1.2. Pendant and chandeliers
10.1.3. Wall Mounted
10.1.4. Portable
10.1.5. Others
10.2. South America Global Residential Lighting Fixtures Market Size and Forecast, By type (2023-2030)
10.2.1. Indoor Lighting Fixtures
10.2.2. Outdoor Lighting Fixtures
10.2.3. Speciality Lighting Fixtures
10.2.4. Smart Lighting Fixtures
10.3. South America Global Residential Lighting Fixtures Market Size and Forecast, By Light Source(2023-2030)
10.3.1. LED
10.3.2. Incandescent
10.3.3. Fluorescent
10.3.4. HID
10.4. South America Global Residential Lighting Fixtures Market Size and Forecast, By Distribution Channel(2023-2030)
10.4.1. Supermarket and hypermarket
10.4.2. E-commerce
10.4.3. Others
10.5. South America Global Residential Lighting Fixtures Market Size and Forecast, by Country (2023-2030)
10.5.1. Brazil
10.5.2. Argentina
10.5.3. Rest of South America
11. Company Profile: Key players
11.1. Philips Lightning (Signify)
11.1.1. Company Overview
11.1.2. Financial Overview
11.1.3. Business Portfolio
11.1.4. SWOT Analysis
11.1.5. Business Strategy
11.1.6. Recent Developments
11.2. Osram Lightning
11.3. Acuity Brands
11.4. 4. Zumtobel Group
11.5. 5. General Electric
11.6. 6. Hubbell Incorporated
11.7. 7. Cree Inc.
11.8. 8. Eaton Corporation
11.9. 9. Lutron Electronics
11.10. 10. Legrand
11.11. 11. Panasonic Corporation
11.12. 12. Thorn Lighting
11.13. 13. Cooper Lighting Solutions
11.14. 14. Schneider Electric
11.15. 15. Fagerhult Group
11.16. 16. Zumtobel Group
11.17. 17. Dialight Corporation
11.18. 18. Holophane (Acuity Brands)
11.19. 19. Sylvania Lighting
11.20. 20. Mitsubishi Electric Corporation
11.21. 21. LG Electronics
11.22. 22. Kenall Manufacturing
11.23. 23. Artemide Group
11.24. 24. Trilux Group
11.25. 25. TATA Power Solar Systems
12. Key Findings
13. Industry Recommendation
