ICT & Electronics Global Lighting Fixtures Market (2016-2024)- Resea | Page 10

rising per capita income and rising awareness of energy consumption
among the consumers have led them to replace the conventional lighting
fixture with modern lighting fixtures.
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The rising disposable income coupled with changing lifestyle has
resulted in the adoption of advanced and attractive lighting fixture.
Lighting fixtures have wide range of application in various sectors such
as automobile, aerospace, industries construction and others. Further, the
global lighting fixtures market is expected to witness growth over the
forecast period on the account of the positive growth in end-use
industries.
However, presence of local vendors has affected the overall revenue of
the global market. Further, low cost offering by the local vendors is
reducing the market share of the organized players.
Key Players
• Acuity Brands Lighting Inc.
o Company Overview
o Key Product Offerings
o Business Strategy
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