The global High-End Lighting market accrued earnings worth approximately 17.3(USD Billion) in 2020 and is predicted to gain revenue of about 28.7(USD Billion) by 2028, is set to record a CAGR of nearly 5.8% over the period from 2021 to 2028.
The global High-End Lighting market accrued earnings worth approximately 17.3(USD Billion) in 2020 and is predicted to gain revenue of about 28.7(USD Billion) by 2028, is set to record a CAGR of nearly 5.8% over the period from 2021 to 2028. The report offers assessment and analysis of the High-End Lighting market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
Escalating the need for connected lighting, as well as interior design, will boost the growth of the high-end lighting market. Additionally, surge in smartphone penetration as well as effective web connectivity will translate into huge demand for high-end lighting systems in ensuing years. Banning of incandescent lights & high intensity discharge lamps has enlarged popularity of high-end lighting in recent years. Growing awareness pertaining to benefits related to use of LEDs will culminate into massive market expansion.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Favorable government policies aiding utility of LED lights for saving power along with need for reducing carbon emissions due to environmental concerns will drive market trends. Surge in popularity of interior designing and rise in fashion show events will promote high-end lighting market growth. High efficiency and exceptional brightness provided by high-end lighting will open new growth dimensions for industry in coming years. Apart from this, technological breakthroughs such as effective color blending effect, sensor-driven lighting, and better connectivity will enhance high-end lighting market size. Nevertheless, launching of green lights can pose a major threat to expansion of high-end lighting market.
Furthermore, growing trend of using connected lighting systems will steer expansion of high-end lighting market in foreseeable future. With new product innovations, the high-end lighting market is projected to expand enormously in the next few years.
The Asia Pacific To Lead Overall Market Growth During 2021-2028
The growth of high-end lighting market in Asia Pacific during forecast timeline can be owing to presence of key players in the sub-continent. In addition to this, the availability of labor at reduced costs and improved infrastructure amenities available for producing high-end lighting products will drive regional market growth. Apart from this, launching of new sources of light by firms based in the sub-continent will contribute majorly towards size of high-end lighting market over forecasting years. The rise in disposable income of the middle-income group population in sub-continent will steer regional market surge over the upcoming years.
Key players profiled in the report are Philips Lighting Holding B.V., General Electric Company, OSRAM Licht AG, and Digital Lumens, Inc.
The global High-End Lighting Market is segmented as follows:
By Light Source
By Application
By End-User
By Region
List of Figures
1. Market research Type
2. Market research methodology
3. Global High-End Lighting Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global High-End Lighting Marketattractiveness, By Light Source
6. Global High-End Lighting Marketattractiveness, By Application
7. Global High-End Lighting Marketattractiveness, By End-User
8. Global High-End Lighting Marketshare by Light Source ,2020 and 2028 (USD Billion)
9. Global High-End Lighting Marketby LED, 2018–2028(USD Billion)
10. Global High-End Lighting Marketby HID, 2018–2028(USD Billion)
11. Global High-End Lighting Marketby Fluorescent Lights, 2018–2028(USD Billion)
12. Global High-End Lighting Marketshare by End-User ,2020 and 2028 (USD Billion)
13. Global High-End Lighting Marketby Industrial , 2018–2028(USD Billion)
14. Global High-End Lighting Marketby Commercial, 2018–2028(USD Billion)
15. Global High-End Lighting Marketby Residential, 2018–2028(USD Billion)
16. Global High-End Lighting Marketshare by End-User ,2020 and 2028 (USD Billion)
17. Global High-End Lighting Marketshare by Application,2020 and 2028 (USD Billion)
18. Global High-End Lighting Marketby Wired , 2018–2028(USD Billion)
19. Global High-End Lighting Marketby Wireless, 2018–2028(USD Billion)
20. Global High-End Lighting Marketshare, by Region, 2020 and 2028
21. North America High-End Lighting Market, 2018–2028(USD Billion)
22. Europe High-End Lighting Market, 2018–2028(USD Billion)
23. Asia Pacific High-End Lighting Market, 2018–2028(USD Billion)
24. Latin America High-End Lighting Market, 2018–2028(USD Billion)
25. The Middle East and Africa High-End Lighting Market, 2018–2028(USD Billion)
List of Tables
1. Global High-End Lighting Market: snapshot
2. Drivers of the High-End Lighting Market: impact analysis
3. North America High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
4. North America High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
5. North America High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
6. The U.S. High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
7. The U.S. High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
8. The U.S. High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
9. Rest of North America High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
10. Rest of North America High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
11. Rest of North America High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
12. Europe High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
13. Europe High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
14. Europe High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
15. UK High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
16. UK High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
17. UK High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
18. France High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
19. France High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
20. France High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
21. Germany High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
22. Germany High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
23. Germany High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
24. Rest of Europe High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
25. Rest of Europe High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
26. Rest of Europe High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
27. Asia Pacific High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
28. Asia Pacific High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
29. Asia Pacific High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
30. China High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
31. China High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
32. China High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
33. Japan High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
34. Japan High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
35. Japan High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
36. India High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
37. India High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
38. India High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
39. Rest of Asia Pacific High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
40. Rest of Asia Pacific High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
41. Rest of Asia Pacific High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
42. Latin America High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
43. Latin America High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
44. Latin America High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
45. Brazil High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
46. Brazil High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
47. Brazil High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
48. Rest of Latin America High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
49. Rest of Latin America High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
50. Rest of Latin America High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
51. The Middle East and Africa High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
52. The Middle East and Africa High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
53. The Middle East and Africa High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
54. Saudi Arabia High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
55. Saudi Arabia High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
56. Saudi Arabia High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
57. South Africa High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
58. South Africa High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
59. South Africa High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
60. Rest of the Middle East & Africa High-End Lighting Market revenue, By Light Source ,2018–2028(USD Billion)
61. Rest of the Middle East & Africa High-End Lighting Market revenue, By Application ,2018–2028(USD Billion)
62. Rest of the Middle East & Africa High-End Lighting Market revenue, By End-User ,2018–2028(USD Billion)
Favorable government policies aiding utility of LED lights for saving power along with need for reducing carbon emissions due to environmental concerns will drive market trends. Surge in popularity of interior designing and rise in fashion show events will promote high-end lighting market growth. High efficiency and exceptional brightness provided by high-end lighting will open new growth dimensions for industry in coming years. Apart from this, technological breakthroughs such as effective color blending effect, sensor-driven lighting, and better connectivity will enhance high-end lighting market size. Furthermore, growing trend of using connected lighting systems will steer expansion of high-end lighting market in foreseeable future. With new product innovations, high-end lighting market is projected to expand enormously in next few years.
According to Zion market research report, the global High-End Lighting market accrued earnings worth approximately 17.3(USD Billion) in 2020 and is predicted to gain revenue of about 28.7(USD Billion) by 2028, is set to record a CAGR of nearly 5.8% over the period from 2021 to 2028.
Asia Pacific will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to presence of key players in the sub-continent. In addition to this, availability of labor at reduced costs and improved infrastructure amenities available for producing high-end lighting products will drive regional market growth. Apart from this, launching of new sources of light by firms based in the sub-continent will contribute majorly towards size of high-end lighting market over forecasting years. Rise in disposable income of the middle-income group population in sub-continent will steer regional market surge over the upcoming years.
The key market participants include Philips Lighting Holding B.V., General Electric Company, OSRAM Licht AG, and Digital Lumens, Inc.
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