Pune, April 04, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a global Electronics market research firm, has published competitive intelligence market research report on “Kitchen Lighting Market“. The Kitchen Lighting market size was valued at USD 13.2 Bn in 2022. The total Kitchen Lighting Market revenue is expected to grow at a CAGR of 7.5 percent from 2022 to 2029, reaching USD 22 Bn during the forecast period.
| Market Size in 2022 | USD 13.2 Bn |
| Market Size in 2029 | USD 22 Bn |
| CAGR | 7.5 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 265 |
| No. of Tables | 129 |
| No. of Charts and Figures | 121 |
| Segment Covered | By Type, Distribution Channel, Source, Product, End-User |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Kitchen Lighting Market Scope and Research Methodology
The objective of the report is to present a comprehensive analysis of the Kitchen Lighting Market. The Kitchen Lighting Market is segmented by Type, Distribution Channel, Source, Product, and End-User. Comprehensive analysis provided in the report with competitive benchmarking of major market players in the Kitchen Lighting Market by goods and services, revenue, financial status, portfolio, growth strategies, and geographical presence acts as an investor’s guide.
The competitive analysis of the Kitchen Lighting Market provides details of the goods and services, the target market, and pricing analysis. Major manufacturers in the Kitchen Lighting Market are listed by region, total market revenue, financial status, and advancements in Kitchen light manufacturing adopted by the market players, and mergers & acquisitions. Data for analysis from the Kitchen Lighting Market research is collected by both primary and secondary research methods.
The report is a detailed analysis of the Kitchen Lighting Market by country, regional and global presence. A comprehensive vendor analysis for the Market aids clients to understand the penetration of market. SWOT and PESTLE have been used to find strength, weaknesses, and economic condition of the Kitchen Lighting market.
Kitchen Lighting Market Overview
A light fixture with an electric lamp that provides illumination is known as Kitchen Lighting. Traditional Lighting fixtures are replaced with smart lighting fixtures with integration of Internet of Things. Types of Kitchen Lights are Pendant light, Cabinet Light, Island Light, and many more. It is illumination solutions to provide customized lighting.
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Demand from E-commerce industry for the Kitchen Lighting to boost the Kitchen Lighting Market growth
E-commerce industry is fast developing with the access of internet. Online product sales have boosted the demand for kitchen lighting market from E-commerce industry. Government have launched smart cities program, which helps to boost the urban infrastructure and construction development. Adoption of LED lights for lighting technology is expected to fuel the Kitchen Lighting Market growth. Energy-efficient kitchen ceiling light such as LED & OLEDs, use of hanging lights and smart light fixtures is expected to boost the Kitchen Lighting Market growth. LED lights are more efficient and environment friendly compared to other fluorescent and incandescent lights. Layered lighting, Smart Bulbs, and Metallic lights are the trending lights in the Kitchen Lighting Market. Preference for decorative lighting with technological innovation are contributing for the market growth.
Security concerns for IoT-controlled lights and emerging competition such as wireless sensors technologies is expected to restrain the Kitchen Lighting Market growth.
Partnership with established players to gain access to distribution networks, customer base, and expertise presents lucrative opportunity for the market growth.
Asia-Pacific region to dominate the Kitchen Lighting Market over the forecast period
Asia-Pacific region dominated the market in 2022 and is expected to continue the dominance over the forecast period. China is major market player in the region as a supplier of goods to other nation. Adoption of E-Commerce and use of new technological features by the vendors to attract customers is expected to boost the regional Kitchen Lighting Market growth.
In European region, US dominated the market in terms of revenue in 2022. Popularity of LED lighting as an energy efficient and green solution is expected to influence the regional market growth.
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Kitchen Lighting Market Segmentation
Based on Types, general kitchen lighting segment held the largest Kitchen Lighting Market share over the forecast period
Less awareness about the use of lighting by the consumers is expected to dominate the Kitchen Lighting Market. Majority of population are using general kitchen lighting.
Based on Sources, LED segment is expected to dominate the Kitchen Lighting market over the forecast period
LED segment held the largest market share in terms of revenue in 2022. Demand for LED efficient lighting and low cost of LED is expected to influence the Kitchen Lighting Market growth.
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
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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
Acuity Brands Inc.:
Acuity Brands Inc use technology to solve problems in spaces, light, and many more things. They are leaders in technology with respect to lighting and intelligent space. The annual revenue of the company in 2022 was USD 4.006 Bn.
Kichler lighting:
Kichler lighting is creating lights that illuminate the extraordinary moment that deserves a chance to shine. They have updated traditional look with modern twist with neutral layers of light. The total annual revenue of the company in 2022 was USD 16.2 Mn.
Key questions answered in the Kitchen Lighting Market are:
- What is Kitchen Lighting?
- What was the Kitchen Lighting market size in 2021?
- What is the forecast period of Kitchen Lighting market?
- What will be the Kitchen Lighting market size by 2029?
- What is the growth rate of the Kitchen Lighting Market?
- What are the influencing factors for the growth of Kitchen Lighting Market?
- What factors are expected to restrain the Kitchen Lighting Market growth?
- Which segment dominated the Kitchen Lighting Market growth?
- What is the demand pattern for the Kitchen Lighting market?
- Which region held the largest share in the Kitchen Lighting market?
- Who are the key players in the Kitchen Lighting market?
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 | 2023−2029
- 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
Maximize Market Research is leading Electronics research firm, has also published the following reports:
Commercial Kitchen Appliances Market: The total market size was valued at USD 89.29 Bn in 2021 and the total revenue is expected to grow at 6.7 percent by 2021 to 2029, reaching USD 150.02 Bn. Increased popularity of Quick Service Restaurants (QSRs) among millennial is expected to influence the market growth.
Virtual Kitchen Market: The total market size was valued USD 55.43 Bn. in 2021 and is expected to grow at a CAGR of 13.5 percent during the forecast period to reach a value of USD 152.66 Bn by 2029. Increasing the use of food delivery apps due to changes in people's lifestyles is expected to boost the market growth.
Architectural Lighting Market: The total market size is expected to reach USD 14.57 Bn by 2029, at a CAGR of 6.10 percent during the forecast period. Adoption of LED lighting solutions, increasing innovations in lighting technology, growing urban space, and need for attractive lights is expected to drive the market growth.
Specialty Lighting Market: The total market size is expected to reach USD 10.42 Bn by 2029, at a CAGR of 5.56 percent over the forecast period. Technological breakthroughs such as the Internet of Things (IoT) and smart lighting solutions is expected to boost the market growth.
Intelligent Street Lighting Systems Market: The total market size is expected to reach USD 34.76 Bn by 2029, at a CAGR of 14.33 percent during the forecast period. Development of wireless technology and sensors to development of Intelligent Street Lighting Systems is expected to boost the market growth.
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.
