Global High-end Lighting Market is valued at approximately USD 19.20 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2022-2029. High-end lighting is used to draw attention to specific elements, designate areas, and change the interior layout of a place. Because it adds originality and enhances the appeal of residential architecture, it is regarded as opulent. Due to fast urbanization and rising disposable incomes, there is a growing demand for modern residences with opulent interior designs, which is propelling the adoption of high-end lighting solutions globally and rising demand for connected devices. Also, the top businesses provide unique light fixtures that combine modern and traditional lighting designs to produce beautiful household fixtures.
The number of connected devices in the region is also increasing which is driving the growth of the smart homes market over the forecasted years. According to the government Office for Science, in 2006, the number of connected devices in the UK stood at 13 million and this is projected to grow up to 150 million in the year 2024. Along with this, in Germany, the government is taking initiatives which are driving the growth of the market. For instance, as per the International Trade Administration, in 2021, the government of Germany funded USD 400.23 million in the smart city project and launched a project called the 2020 Smart City Model Projects Program, in which 32 projects were selected which includes inter-municipal consortiums, cities, and counties. And with the boost of COVID-19, Germany is adding USD 571.75 million for smart city development. Moreover, increasing demand for energy-efficient lighting is creating lucrative growth opportunities for the market over the forecast period 2022-2029. However, the high cost of High-end Lighting stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global High-end Lighting Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the dominance of branded companies. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising target populations, an increase in the number of collaborations for high-end lighting, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
Major market players included in this report are:
- Philips Lighting Holding B.V.
- OSRAM Licht AG
- General Electric Company
- CREE, Inc.
- Digital Lumens, Inc.
- Electronic Theatre Controls Inc
- Helestra Leuchten GmbH
- Holtkotter Licht GmbH
- Honeywell International Inc.
- Lutron Electronics Co. Inc.
Recent Developments in the Market:
- In February 2022, A new line of lighting items created in partnership with American designer Kelly Wearstler and Tech Lighting is characterised by clean geometries and opulent materials. The line is adaptable, simple, and technologically current with both indoor and outdoor applications.
Global High-end Lighting Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Source, Application, Interior Design, End-User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Source offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Source:
- LED Lamps
- HID Lamps
- Fluorescent lights
- Others
By Application:
By Interior Design:
- Modern
- Traditional
- Transitional
By End-User:
- Commercial
- Industrial
- Residential
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. High-end Lighting Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. High-end Lighting Market, by Source, 2019-2029 (USD Billion)
- 1.2.3. High-end Lighting Market, by Application, 2019-2029 (USD Billion)
- 1.2.4. High-end Lighting Market, by Interior Design, 2019-2029 (USD Billion)
- 1.2.5. High-end Lighting Market, by End-User, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global High-end Lighting Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global High-end Lighting Market Dynamics
- 3.1. High-end Lighting Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing urbanization
- 3.1.1.2. Rising disposable income
- 3.1.1.3. Rising demand for smart houses
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of High-end Lighting
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing demand for energy-efficient lighting
Chapter 4. Global High-end Lighting Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global High-end Lighting Market, by Source
- 6.1. Market Snapshot
- 6.2. Global High-end Lighting Market by Source, Performance - Potential Analysis
- 6.3. Global High-end Lighting Market Estimates & Forecasts by Source 2019-2029 (USD Billion)
- 6.4. High-end Lighting Market, Sub Segment Analysis
- 6.4.1. LED Lamps
- 6.4.2. HID Lamps
- 6.4.3. Fluorescent lights
- 6.4.4. Others
Chapter 7. Global High-end Lighting Market, by Application
- 7.1. Market Snapshot
- 7.2. Global High-end Lighting Market by Application, Performance - Potential Analysis
- 7.3. Global High-end Lighting Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 7.4. High-end Lighting Market, Sub Segment Analysis
- 7.4.1. Wired
- 7.4.2. Wireless
Chapter 8. Global High-end Lighting Market, by Interior Design
- 8.1. Market Snapshot
- 8.2. Global High-end Lighting Market by Interior Design, Performance - Potential Analysis
- 8.3. Global High-end Lighting Market Estimates & Forecasts by Interior Design 2019-2029 (USD Billion)
- 8.4. High-end Lighting Market, Sub Segment Analysis
- 8.4.1. Modern
- 8.4.2. Traditional
- 8.4.3. Transitional
Chapter 9. Global High-end Lighting Market, by End-User
- 9.1. Market Snapshot
- 9.2. Global High-end Lighting Market by End-User, Performance - Potential Analysis
- 9.3. Global High-end Lighting Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
- 9.4. High-end Lighting Market, Sub Segment Analysis
- 9.4.1. Commercial
- 9.4.2. Industrial
- 9.4.3. Residential
- 9.4.4. Others
Chapter 10. Global High-end Lighting Market, Regional Analysis
- 10.1. High-end Lighting Market, Regional Market Snapshot
- 10.2. North America High-end Lighting Market
- 10.2.1. U.S. High-end Lighting Market
- 10.2.1.1. Source breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Interior Design breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. End-User breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada High-end Lighting Market
- 10.3. Europe High-end Lighting Market Snapshot
- 10.3.1. U.K. High-end Lighting Market
- 10.3.2. Germany High-end Lighting Market
- 10.3.3. France High-end Lighting Market
- 10.3.4. Spain High-end Lighting Market
- 10.3.5. Italy High-end Lighting Market
- 10.3.6. Rest of Europe High-end Lighting Market
- 10.4. Asia-Pacific High-end Lighting Market Snapshot
- 10.4.1. China High-end Lighting Market
- 10.4.2. India High-end Lighting Market
- 10.4.3. Japan High-end Lighting Market
- 10.4.4. Australia High-end Lighting Market
- 10.4.5. South Korea High-end Lighting Market
- 10.4.6. Rest of Asia Pacific High-end Lighting Market
- 10.5. Latin America High-end Lighting Market Snapshot
- 10.5.1. Brazil High-end Lighting Market
- 10.5.2. Mexico High-end Lighting Market
- 10.5.3. Rest of Latin America High-end Lighting Market
- 10.6. Rest of The World High-end Lighting Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Philips Lighting Holding B.V.
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. OSRAM Licht AG
- 11.2.3. General Electric Company
- 11.2.4. CREE, Inc.
- 11.2.5. Digital Lumens, Inc.
- 11.2.6. Electronic Theatre Controls Inc
- 11.2.7. Helestra Leuchten GmbH
- 11.2.8. Holtkotter Licht GmbH
- 11.2.9. Honeywell International Inc.
- 11.2.10. Lutron Electronics Co. Inc.
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption