Lighting Fixture Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023

Global lighting fixture market is expected to generate substantial revenue, owing to the exponential urban growth and driving demand for energy efficient lightings. Lighting fixture market can greatly contribute by providing energy efficient solutions. Application of light emitting diode (LED) in lighting fixture can decrease energy consumption to significantly low level that energy produced can be saved and utilized for other more essential applications. Thus, increasing installations of LEDs can curtail the total energy demand worldwide substantially. Industrial transition driven by LED could potentially affect the structure of lighting fixture market. The global lighting fixture market is expected to remain regionally fragmented, wherein China is the most fragmented market, owing to the fact that purchasing decisions in the lighting fixture industry is not made alone by the end users. Many professionals are involved in the decision making process such as architects, electrical engineers and lighting designers, who are considered to be the key decision makers. Lighting fixture market is projected to grow continuously in contrast to light source market. Technical drivers such as emerging LEDs and lighting control system can become a success factor in most lighting fixture applications.

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The global lighting fixture market can be segmented based on technologies and applications of lighting fixtures. Green traditional, non green traditional and solid state lighting are the few technologies that will drive lighting fixtures market. Eco friendly halogen, compact fluorescent lamp (CFL) and high intensity discharge lamp are some of the categories of green traditional technology. In addition, LED lamps, LED light engines, infrared and laser are some of the categories of solid state lighting. General lighting, automotive and backlighting are few...