Kitchen Lighting Market to grow at a CAGR of 7.5 percent reaching USD 22 Bn by 2029
Pune, 6, April 2023: As per Maximize Market Research, a global business research and consultancy firm, has published a report on the “Kitchen Lighting Market” which was valued at USD 13.2 Bn in 2022 and is expected to grow at a CAGR of 7.5 percent over the forecast period to reach USD 22 Bn by 2029.
Kitchen Lighting Market Scope and Research Methodology
The report is a comprehensive analysis of the Kitchen Lighting Market by region, segment and competitive landscape. For understanding the global factors affecting the Kitchen Lighting Market, the report presents drivers, challenges, restraints and opportunities prevailing in the Kitchen Lighting Market. The report covers the current trends prevailing in the market along with estimations about future trends to help understand investors identify investment pockets and opportunities in the Kitchen Lighting Market.
The primary and secondary data collected for the Kitchen Lighting market report were combined and analyzed in detail, which helps to provide accurate and error-free data to clients. Primary research was used to validate the finding from the secondary research. The Kitchen Lighting Market size was estimated with the use of a bottom-up approach.
Kitchen Lighting Market Dynamics
The Kitchen Lighting Market is driven by the increasing penetration of hanging lights, increasing demand for under-cabinet lighting fixtures in the segment of the kitchen, the growing adoption of energy-efficient kitchen ceiling light products including LEDs and OLEDs and Demand for kitchen lighting from the E-commerce industry.
The increasing innovation of home repairing and remodeling activities and smart cities program launched by the government and increasing customers’ preference for decorative lighting with technological advancement and innovation are the responsible factors for influencing the growth of the Kitchen Lighting Market. During the forecast period, the market growth is expected to be restrained by the Limited standardization and security concerns for IoT-controlled lights.
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Kitchen Lighting Market Regional Insights
In 2022, the Asia Pacific region dominated the Kitchen Lighting Market with the largest market share. The regional market is driven by an increasing population, technological innovations and the growing adoption of E-commerce lighting fixtures in developing economies such as India and China.
In Europe, the United Kingdom held the Kitchen Lighting Market in terms of revenue and is expected to continue its dominance throughout the forecast period. The advancements in technology, the increase in home renovation activities and the rising popularity of LED lighting as an energy-efficient and green solution are the influencing regional growth factors for the Kitchen Lighting Market.
Kitchen Lighting Market Segmentation
By Type:
- General Kitchen Lighting
- Task Kitchen Lighting
- Decorative Hanging Kitchen Lighting
By Distribution Channel:
- Online
- Offline
By Source:
- Fluorescent
- LED
- OLED
By Product:
- Island Lights
- Pendant Lights
- Mini Pendant Lights
- Ceiling Lights
- Chandeliers
- Track Lighting
- Under Cabinet Lighting
- Recessed Lighting
By End-User:
- Residential
- Commercial
Kitchen Lighting Market Key Players Include:
- Acuity Brands Inc.,
- Cree Lighting
- OSRAM Licht AG
- GE Lighting
- Panasonic Corporation
- Havells India Ltd.
- Signify Holding
- Hubbell Incorporated
- Kichler lighting
- Lutron Electronics
- Hafele GmbH & Co.
- Koninklijke Philips H.V.
- Eaton Corporation
- General Electric
- Lutron Electronics Co.
- SAVANT TECHNOLOGIES LLC.
- Ledil
- Eaton Corporation Plc
- Stanley Black & Decker Inc
Table of content for the Kitchen Lighting Market includes:
- Global Kitchen Lighting Market: Research Methodology
- Global Kitchen Lighting Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Residential Roofing Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Kitchen Lighting Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Kitchen Lighting Market Segmentation
- Global Market, by Type (2021-2029)
- Global Market, by Distribution Channel (2021-2029)
- Global Market, by Source (2021-2029)
- Global Market, by Product (2021-2029)
- Global Market, by End-User (2021-2029)
- Regional Kitchen Lighting Market(2021-2029)
- Regional Market, by Type (2021-2029)
- Regional Market, by Distribution Channel (2021-2029)
- Regional Market, by Source (2021-2029)
- Regional Market, by Product (2021-2029)
- Regional Market, by End-User (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Type, Distribution Channel, Source, Product, and End-User
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Key questions answered in the Kitchen Lighting Market are:
- What is Kitchen Lighting?
- What was the Kitchen Lighting market size in 2022?
- What is the growth rate of the Kitchen Lighting Market?
- Which are the factors expected to drive the Kitchen Lighting market growth?
- What are the different segments of the Kitchen Lighting Market?
- What are the factors restraining the growth of the Kitchen Lighting Market?
- What is the demand pattern of the Kitchen Lighting Market?
- What are the major challenges that the Kitchen Lighting Market could face in the future?
- What segments are covered in the Kitchen Lighting Market?
- Who are the key players in the Global Kitchen Lighting market?
- What are the upcoming industry applications and trends for the Kitchen Lighting Market?
Maximize Market Research is leading Electronics research firm, has also published the following reports:
Cloud Kitchen Market– The market size is expected to reach USD 138.24 Bn by 2029 at a CAGR of 13 percent during the forecast period. The market is driven by globalization, increasing consumer disposable income and increasing demand for online meal delivery services.
Commercial Kitchen Appliances Market – The market size is expected to reach USD 150.02 Bn by 2029 at a CAGR of 6.7 percent during the forecast period. The market is driven by the growth of the travel and tourism industry, the growing hotel business and rising food safety concerns.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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