Lighting fixture Market to Receive Overwhelming Hike in
Revenues by 2026
Lighting fixture Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
The lighting fixture is an electronic device, which is attached to wall or ceiling to create an
artificial light. The global lighting fixture market was valued at US$ 163.02 billion in 2017 from
US$ 153.15 billion in 2016. The market is projected to exhibit a CAGR of 7.8% during the forecast
period (2017–2025), reaching US$ 297.26 million by 2025. The demand for reducing power
consumption has become one of the major factors for growth of the lighting fixture market. The
replacement of conventional light to modern LED has become the major driver for growth of
lighting fixture manufacturers. The growing construction industry, rising population, and
increasing disposable income worldwide, especially in emerging economies has boosted growth
of
the
global
lighting
fixture
market.
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Increasing smart city projects plays a major role in the growth of the lighting fixture
market size globally
Growing investment in smart city projects in developing economies is major factor for growth of
the market. Moreover, increasing number of construction of smart building has propelled demand
for energy saving infrastructure. For instance, according to Indian General Budget 2016 – 2017,