High-End Lighting Market Report Analysis by Size, Share, Forecast by 2028
IMARC Group has recently released a new research study titled “High-End Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the high-end lighting market?
The global high-end lighting market size reached US$ 20.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
High-end lighting refers to premium lighting solutions that offer superior quality, functionality, and aesthetic appeal compared to standard lighting options. These lighting systems often incorporate cutting-edge technology, materials of the highest grade, and intricate designs, delivering optimal performance, durability, and style. Used in applications such as luxury homes, high-end retail spaces, art galleries, and theaters, high-end lighting can significantly enhance the ambiance and aesthetic value of a setting.
One key feature of high-end lighting is the integration of advanced technologies such as smart controls, enabling users to customize the lighting experience. The fixtures often incorporate energy-efficient LEDs and other advanced light sources that deliver vibrant, true-to-color illumination. In addition, high-end lighting often uses premium materials like hand-blown glass, polished metals, and other luxurious finishes, ensuring longevity and a timeless aesthetic.
Request to Get the Sample Report: https://www.imarcgroup.com/high-end-lighting-market/requestsample
High-End Lighting Market Trends and Growth Drivers:
The growing emphasis on interior design and architecture, coupled with the increasing affluence among consumers, is driving the high-end lighting market globally. In addition to this, the versatility of high-end lighting solutions, suitable for both residential and commercial luxury spaces, is significantly contributing to market expansion. Moreover, ongoing real estate development that targets the luxury segment, as well as retail and hospitality sectors, is increasingly incorporating high-end lighting, thereby boosting market growth.
Beyond this, technological innovations such as smart home integration and the use of OLED technology are further enhancing the appeal of high-end lighting systems. The growth of e-commerce and specialty retail outlets for luxury items has also made high-end lighting solutions more accessible to a wider customer base, fueling market growth.
Other contributing factors include rising consumer awareness about the importance of quality lighting for well-being and mood, as well as a regulatory environment that increasingly supports energy-efficient and high-quality lighting solutions.
Competitive Landscape with Key Players:
The competitive landscape of the global high-end lighting market has been studied in the report with the detailed profiles of the key players operating in the market.
High-End Lighting Key Companies:
Acuity Brands Lighting Inc
CREE Inc.
Electronic Theatre Controls Inc.
General Electric Company
Helestra Leuchten GmbH
Holtkötter Licht GmbH
Honeywell International Inc.
Lutron Electronics Co. Inc.
OSRAM Licht AG (ams AG)
Signify N.V.
Toshiba Corporation
High-End Lighting Market 2023-2028 Competitive Analysis and Segmentation:
Report Segmentation:
Breakup by Light Source Type:
LED Lamps
HID Lamps
Fluorescent Lights
Others
Breakup by Interior Design:
Modern
Traditional
Transitional
Breakup by Application:
Wired
Wireless
Breakup by End User:
Commercial
Industrial
Residential
Breakup by Geographical Analysis:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Ask Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=4084&flag=C
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US:
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com