ICT & Electronics Global Lighting Fixtures Market (2016-2024)- Resea | Page 9

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Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-
Y growth & Opportunity Analysis
•
Asia-Pacific (China, India, Japan, Singapore, Australia, New
Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity
Analysis.
•
Middle East and Africa (GCC, North Africa, South Africa and Rest
of Middle East) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers & Challenges
Commercial, residential and industrial sectors are now witnessing higher
capital investment in infrastructure development. Further, this factor is
increasing the demand for lighting fixtures in these sectors. Some of the
government initiatives, such as promotion for LED lighting, energy
conservation and others have given boost to the global market of
lighting fixtures. Over the past few years, it has been seen that modern
lighting fixtures are being adopt over conventional lighting fixtures due
to its attractive look and low power consumption capability. This factor
is expected to impel the growth of the lighting fixture market over the
forecast period. Urbanization and enhancement of infrastructure of the
buildings are some of the major drivers increasing the demand for
lighting fixtures. These activities are expected to increase with
remarkable growth rate in near future. Apart from that, factors such as
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