Decorative Lightings Market was valued at USD 24.5 Billion in 2022 and is projected to reach USD 38.9 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
In 2023, the market outlook shows a continuation of growth but with key shifts in demand patterns. Consumers are now more focused on sustainable, energy-saving solutions. There's a noticeable increase in demand for smart lighting systems that integrate with home automation setups. This shift is fueled by growing awareness about environmental concerns, making products like LED fixtures and solar-powered decorative lights more appealing. Additionally, consumers are seeking customization options, which has led to an increase in the demand for designer lighting products, allowing individuals to create a personalized lighting environment in their homes.
In terms of regional growth, North America and Europe are expected to continue being major contributors to market expansion, primarily due to the ongoing renovation projects in residential properties and the increasing demand for smart homes. Meanwhile, the Asia-Pacific region, especially countries like China and India, is seeing rapid growth as urbanization and infrastructural development push the demand for decorative lighting in commercial, hospitality, and residential sectors.
Looking ahead to 2023-2033, the demand for decorative lighting is anticipated to grow further with the advent of new technologies such as artificial intelligence (AI) and Internet of Things (IoT)-enabled lighting systems. This era will likely witness a move towards ultra-modern, energy-efficient lighting options, with a focus on integrated lighting solutions that offer multi-functional benefits. Moreover, as the importance of sustainability continues to rise, market participants will focus more on eco-friendly lighting solutions to appeal to the environmentally-conscious consumer.
Get an In-Depth Research Analysis of the Global Decorative Lightings Market Size And Forecast [2025-2032]
The Decorative Lightings market witnessed significant growth between 2018 and 2022, driven by increased consumer demand for aesthetic, energy-efficient lighting solutions. During this period, the market was primarily influenced by technological advancements in LED lighting, smart home integration, and eco-friendly initiatives. Market leaders introduced innovative designs to cater to both residential and commercial sectors, offering solutions that combine functionality with aesthetic appeal. Additionally, the increasing disposable incomes and a growing interest in home décor trends across global markets contributed to the rapid adoption of decorative lightings.
GE Lighting
Philips Lighting
Osram
Eaton
Toshiba
Panasonic
Satco
Thorn Lighting
Acuity Brands
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Decorative Lightings Market
House
Entertainment Venues
Hotal
Others
Based on Types the Market is categorized into Below types that held the largest Decorative Lightings market share In 2023.
Indoor Decorative Lighting
Outdoor Decorative Lighting
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Decorative Lightings Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Decorative Lightings Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Decorative Lightings Market, By Type
6. Global Decorative Lightings Market, By Application
7. Global Decorative Lightings Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Decorative Lightings Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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