Decorative Lighting Market to Reach USD 496.34 Million at a CAGR of 3.4% by 2030

Decorative Lighting
Decorative Lighting

The global decorative lighting market size is expected to reach USD 51.77 Billion in 2030 and register a revenue CAGR of 3.4% over the forecast period, according to a latest report by Reports and Data. Increasing need for enhancing ambiance and increasing need for reducing eyestrain is expected to drive market revenue growth during the forecast period. Rapid growth of construction industry will increase application of decorative lighting for appealing aesthetics, which is also expected to boost revenue growth of the market going ahead. Increasing disposable incomes and rising interest in improving ambiance in the building are expected to boost the demand for decorative lighting. In addition, architects are increasingly installing decorative lighting such as chandeliers, pendants, and sconces in their construction to improve aesthetics, which is expected to drive the market revenue growth during the forecast period. Furthermore, decorative lighting is widely installed in commercial and residential spaces due to benefits such as energy efficiency, design flexibility, low voltage operation, and others, which is also expected to boost the demand for decorative lighting. Moreover, increasing investments by private manufacturers in R&D to create smart decorative lighting to reduce human efforts are expected to drive the market revenue growth during the forecast period.

However, shorter life span is expected to hamper revenue growth of the market during the forecast period. Increasing advancement in technology has led to the development of many decorative lightings. However, decorative lighting has a shorter life span when subjected to intense heat, frequent usage, and high voltage input. In addition, weather conditions such as rainy and sunny can also affect the durability of the lighting. Furthermore, direct exposure to sunlight will also affect the life cycle of the lighting, which is expected to hamper the market revenue growth during the forecast period.

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Some Key Highlights in the Report

  • The ceiling segment is expected to register a significantly high revenue growth rate over the forecast period due to its increasing need for providing more efficiency and productivity at a low cost
  • The LED segment is expected to account for a substantial market share in the global market over the forecast period due to increasing need for energy efficiency and durability
  • The medium-range segment is expected to expand at a significantly rapid CAGR during the forecast period due to increasing application in the residential sector
  • The decorative lighting market in North America is expected to account for largest revenue share over the forecast period due to increasing presence of malls and hotels in countries such as the U.S. and Canada
  • Companies profiled in the global market report include Home Depot, Inc., Signify N.V., Hubbell, Inc., Acuity Brands, Inc., Osram Licht AG, Fagerhult BV, SAVANT TECHNOLOGIES LLC, Amerlux LLC, Maxim Lighting International, Inc., Bridgelux, Inc., Intense Lighting LLC, and Generation Brands LLC.
  • In December 2020, Intense Lighting LLC launched a new SD down lighting series. The SD Series provides clean, consistent illumination at 30 degrees, 50 degrees, and 70 degrees in a cost-effective package that optimizes energy efficiency and visual control. The new SD Series is available in four, six, and eight-inch cylinders, as well as new construction, wall wash, and retrofit downlights, and is deployed in commercial settings regularly.

For the purpose of this report, Reports and Data has segmented the global decorative lighting market based on product type, light source, price range, distribution channel, application, and region

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Product Type Outlook (Revenue, USD Billion; 2019-2030)

  • Chandelier
  • Pendants
  • Sconce
  • Ceiling
  • Wall Mount
  • Others

Light Source Outlook (Revenue, USD Billion; 2023-2030)

  • Light-Emitting Diode (LED)
  • Fluorescent
  • Incandescent
  • Others

Price Range Outlook (Revenue, USD Billion; 2023-2030)

  • High-Range
  • Medium-Range
  • Low-Range

Distribution Channel Outlook (Revenue, USD Billion; 2023-2030)

  • Hypermarkets
  • Specialty Stores
  • Online
  • Others

Application Outlook (Revenue, USD Billion; 2023-2030)

  • Residential
  • Commercial

Regional Outlook (Revenue, USD Billion; 2023    -2030)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Sweden
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Israel
    • Rest of MEA

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