NEW YORK — The decorative lighting market is set to grow by USD 6.91 billion at over 4% from 2021 to 2025, according to the latest research report from Technavio.
The report on the decorative lighting market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
Technavio analyzes the market by product (ceiling, wall-mounted, and others), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and MEA). The development of smart cities is expected to have a positive impact on the growth of the decorative lighting market during the forecast period.
Also, factors such as the growing demand for energy-efficient decorative lighting products and evolving lighting product design concepts leading to premiumization will contribute to the growth of the decorative lighting market growth during the next few years.
This report presents a detailed picture of the decorative lighting market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters
The decorative lighting market covers the following areas:
Decorative Lighting Market Sizing
Decorative Lighting Market Forecast
Decorative Lighting Market Analysis
Companies Mentioned:
- AB Fagerhult
- Acuity Brands Inc.
- Bridgelux Inc.
- General Electric Co.
- Generation Lighting
- Honeywell International Inc.
- IDEAL INDUSTRIES INC.
- Maxim Lighting International
- OSRAM GmbH
- Signify NV
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