Pendant Lighting Segment is Expected to Dominate the Global Kitchen Lighting Market
Renovation
and Remodeling Activities and Advancements in Lighting Technology is a major
factor attributable to the growth of the market.
According
to TechSci Research report, “Global Kitchen Lighting Market - Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Kitchen Lighting is anticipated to project
robust growth in the forecast period with a CAGR of 7.02% through 2028. 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.
The
surge in demand for under cabinet lighting fixtures in the kitchen segment and
the adoption of energy-efficient kitchen ceiling lights products such as LEDs
& OLEDs are some of the major factors that are expected to drive the
kitchen lighting industry during the forecast period. Increasing penetration of
hanging lights for kitchen and smart lighting fixtures is also expected to fuel
the residential lighting fixture kitchen lighting market forecast. COVID-19
pandemic has adversely impacted the kitchen lighting market as a huge workforce
of enterprises across the globe is working from home. This has led to a decline
in advertising expenditure, which, in turn, reduced the demand for kitchen
lighting products.
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Based
on product type, the market is classified into pendant lighting, under cabinet
lighting, island lighting and track lighting. The pendant lighting segment
dominated the digital holography industry, in terms of revenue in 2021, and is
expected to follow the same trend during the forecast period.
By
channel, it is divided into online and offline. The online channel dominated
the kitchen lighting industry, in terms of revenue in 2021, and is expected to
follow the same trend during the forecast period.
Based
on Region, Asia Pacific will dominate the market in 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. Country-wise, the China acquired a
prime share in the kitchen lighting market in the Asia Pacific region and is expected
to grow at a significant CAGR during the forecast period of 2019-2031.China
holds major market share in terms of revenue generation from the sale of
pendant lighting because of the higher presence of presence of the kitchen
lighting manufacturers.
Key
market players in the Global Kitchen
Lighting Market are following:-
- Signify
Holding
- Havells
India Ltd
- OSRAM
LIGHTING PRIVATE LIMITED
- Koninklijke
Philips N.V.
- Acuity
Brands, Inc.
- Lutron
Electronics Co., Inc
- Hubbell.Inc
- Panasonic
Corporation
- kichler
lighting
- General
Electric
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“The
global kitchen lighting market is primarily driven by key factors such as
increasing renovation and remodeling activities in residential and commercial
spaces. As spaces are updated and modernized, the demand for modern,
energy-efficient lighting solutions rises. Stringent energy efficiency
regulations and environmental consciousness also encourage the adoption of
energy-saving lighting technologies like LEDs. Advancements in lighting
technology, including LEDs and smart lighting systems, offer enhanced
functionality and customization, attracting consumers to upgrade their kitchen
lighting. The rise of smart homes and home automation further fuels this trend,
with consumers seeking convenient, remotely controlled lighting systems. Changing
interior design trends prioritize stylish and aesthetically pleasing lighting
fixtures, contributing to market growth. Additionally, urbanization has led to
smaller kitchen spaces, increasing the demand for space-efficient lighting.
Commercial kitchens in restaurants and hotels also require specialized lighting
solutions, further stimulating the market. Overall, these drivers reflect the
evolving consumer preferences and the industry's response to energy efficiency
and technological advancements..” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
Kitchen
Lighting Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast Segmented by Product Type (Pendant Lighting, Under Cabinet Lighting,
Island Lighting, Track Lighting), by Channel (Offline, Online), By
End-User (Residential, Commercial),
By Region, Competition 2018-2028 has evaluated the future growth
potential of Global Kitchen Lighting Market
and provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global Kitchen Lighting Market.
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