High End Lighting Market - By Type (Luminaires, Lamps, Smart Lightning, Architectural Lighting), By Connectivity (Wired, Wireless), By End User (Residential, Commercial, Industrial), By Distribution Channel & Forecast 2024 - 2032

High End Lighting Market Size

High End Lighting Market was valued at over USD 19.3 billion in 2023 and is estimated to register a CAGR of over 7% between 2024 and 2032. There is a growing preference for premium products that offer superior quality, aesthetics, and functionality.
 

High-end lighting fixtures become more attractive to affluent consumers looking to enhance their living & working spaces. Customers are more prepared to spend money on high-end residential and commercial lighting solutions with increasing disposable incomes, particularly in metropolitan regions. Due to urbanization, modern and intelligent lighting is increasingly essential in public, commercial, and residential areas.
 

Investments in renovation and home improvement projects are frequently correlated with increased disposable incomes. High-end lighting is a common selection for these projects since it greatly raises the aesthetic appeal and market value of both residential & commercial buildings. Higher living standards and a stronger focus on contemporary & well-designed living and working surroundings are usually results of urbanization. Urban dwellers have high expectations, and high-end lighting meets those expectations well with its emphasis on style, quality, and cutting-edge capabilities.
 

In January 2021, Acuity Brands, a longtime partner, and customer of OSRAM, offered a strategic perspective that was relevant for the company's customers, employees, and business objectives. As a result, OSRAM announced that it would sell its Digital System (DS) business based in North America, and focus on manufacturing drivers, electronics, and lighting control systems. These advancements are expected to have favorable effects on industry growth.
 

The high-end lighting fixtures usually come with a hefty price tag owing to their superior components, state-of-the-art design, and cutting-edge technology. This may be too expensive for potential clients, limiting the market to a wealthier and more specialized segment. Additionally, fluctuations in the status of the economy may have an impact on the market for luxury lighting. Both individuals and businesses may cut back on unnecessary expenditures on luxuries, such as fancy lighting, during economic downturns or uncertain financial circumstances. For retailers and manufacturers whose profitability relies on consistent sales, this economic sensitivity can lead to slower market expansion and reduced demand during such periods.
 

High End Lighting Market Trends

Smart technology integration with lighting systems is becoming more common. Customers want lighting products that they can operate from a distance with the use of apps, voice assistants (such as Google Assistant and Amazon Alexa), and home automation systems. Convenience and customization are improved with features such as scheduling, color changing, and dimming. Sustainable lighting solutions are becoming more popular. Using recyclable materials, energy-efficient LED lighting, and environment-friendly designs are a few examples of sustainable lighting solutions. Businesses and consumers alike are giving priority to environmentally friendly solutions to comply with regulations and their own principles.
 

In the high-end market, contemporary & minimalist lighting designs with smooth contours, clean lines, and subtle grace are very popular. These designs are appealing to customers who value both form and function as they frequently use cutting-edge materials and technologies. Additionally, a growing number of people are interested in vintage and retro lighting fixtures alongside contemporary designs. High-end buyers are drawn to these types owing to their craftsmanship and nostalgic charm, which can include complex details and enduring appeal. Moreover, luxurious lighting is becoming more recognized as an essential part of the total interior design. Lighting designers collaborate closely with architects and interior designers to produce aesthetically pleasing spaces. This highlights how lighting can accentuate architectural details and go well with décor.
 

High End Lighting Market Analysis

Based on end use, the market is divided into residential, commercial, industrial, and others. The commercial segment is expected to register a CAGR of over 8.5% during the forecast period.
 

• The commercial segment includes office buildings, hotels, restaurants, retail establishments, and entertainment venues. These establishments need advanced lighting solutions to improve their ambiance, functionality, and brand image. High-end lighting in business environments is about more than simply lighting; it is about establishing a welcoming environment that can draw in and keep clients, increase worker output, and successfully display items.
   
• The companies in the commercial sector frequently look for lighting solutions with cutting-edge features such as energy efficiency, customization, and smart controls. For example, luxury lighting is used by hotels, restaurants, and retail stores to offer distinctive dining and hospitality experiences as well as to highlight items and create enticing shopping settings. The commercial segment is a key driver of growth and development in the high-end lighting industry, as seen by the need for such creative and superior lighting solutions in commercial settings.
   

Based on connectivity, the market is divided into wired and wireless. The wired segment dominated the global market with a share of over 5.5% in 2023.
 

• In commercial settings, such as office buildings, hotels, and retail stores, where regular & uninterrupted lighting is essential, wired lighting systems are frequently employed. A consistent power supply and communication are guaranteed since these systems are physically connected.
   
• Wired lighting solutions are less prone to interference and signal loss, making them more reliable and secure than their wireless counterparts. This dependability is especially crucial in commercial environments where lighting is essential to both customer experience and operations. Furthermore, additional features, such as centralized control and integration with other building management systems, can be supported via wired systems, providing improved automation and control. The wired segment is still essential for high-end commercial lighting, even with the increased interest in wireless solutions due to its durability and performance.
   

Asia Pacific dominated the global high end lighting market in 2023, accounting for a share of over 8%. The Asia Pacific region presents a significant development opportunity for the high-end lighting industry due to several favorable economic and demographic factors. Rapid urbanization in countries, such as China, India, and Southeast Asia, is resulting in the formation of larger cities and the development of new residential & commercial infrastructure. As metropolitan areas expand, the demand for advanced lighting solutions that align with modern design concepts and technological advancements also increases. Rising disposable incomes in these economies are also having an impact on this trend as more people can now afford to invest in high-end goods. Furthermore, there is a growing demand for high-end lighting that enhances both the functional and aesthetic features of houses & workplaces among the middle-class population in this region.
 

The market for luxury lighting is further stimulated by the region's emphasis on sustainable development and smart city projects. Smart infrastructure, which includes cutting-edge lighting systems that provide automation, energy efficiency, and connectivity, is being heavily invested in by both public and commercial sectors. These programs respond to the growing consumer knowledge and demand for environment-friendly products while also being in line with global sustainability goals.
 

High End Lighting Market Share

The high-end lighting market is significantly influenced by Signify Holding, previously Philips Lighting, owing to its cutting-edge goods and innovations, such as the Philips Hue smart lighting system, which has revolutionized smart home lighting. The company is dedicated to offering sustainable & energy-efficient solutions, which is demonstrated by the creation of cutting-edge LED solutions and its pursuit of carbon neutrality. Signify's extensive global reach and the trusted Philips brand enhance its market influence. The company provides complete lighting solutions for outdoor, commercial, and residential applications along with hardware & value-added services.
 

OSRAM's commitment to sustainability is evident through its development of energy-efficient lighting solutions and initiatives aimed at reducing environmental impact. OSRAM offers a wide range of lighting solutions used in automotive, commercial, and residential applications. Its scientific prowess and commercial reach are augmented by its strategic acquisitions, which include Digital Lumens and Fluence Bioengineering. The company focuses on improving the customer experience with smart & connected lighting solutions, which enable greater personalization and management. In conclusion, OSRAM GmbH has made a significant contribution to the high-end lighting sector that is supported by its creative products, customer-focused attitude, global brand strength, sustainability initiatives, and strong R&D activities. All of these factors contribute to maintaining OSRAM's leadership position and sustained influence in the luxury lighting market.
 

High End Lighting Market Companies

Major players operating in the high-end lighting industry are:

• Acuity Brands Lighting Inc.
• belacasalighting
• CREE Inc.
• Digital Lumens
• Electronic Theatre Controls Inc.
• General Electric Company
• Helestra Leuchten GmbH
• Holtkötter Licht GmbH
• Honeywell International Inc.
• Jainsons Emporio
• Lasvit
• Light And You Pvt. Ltd.
• Lutron Electronics Co. Inc.
• OSRAM GmbH
• SAVANT TECHNOLOGIES LLC
• Signify Holding
• The White Teak Company
• Toshiba Corporation
• WOLFSPEED, INC.
   

High End Lighting Industry News

• In May 2021, Lutron introduced updates to its Athena lighting and shading system. The system offered a centralized command and control panel, which was a big advantage for dining establishments, restaurants, and other venues requiring less back-of-house space.
   
• In January 2022, Signify N.V. launched a new television ad campaign dubbed "The new shape of style" for its Philips HexaStyle LED downlight, with the aim of showcasing the various unique shapes that consumers may create on their ceiling with these downlights. These kinds of products will expand the market and provide clients with a more aesthetically pleasant experience.
   
• The high-end lighting market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2032, for the following segments:
  
  

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Market, By Type

• Luminaires
  • Chandeliers
  • Pendants
  • Ceiling & wall fixtures
  • Floor lamps
  • Table lamps
• Lamps
  • LED lamps
  • Incandescent lamps
  • Halogen lamps
  • Fluorescent lamps
• Smart lighting
• Architectural lighting
  • Track lighting
  • Cove lighting
  • Under cabinet lighting

Market, By Connectivity

• Wired
• Wireless

Market, By End User

• Residential
• Commercial
• Industrial
• Others

Market, By Distribution Channel

• E-commerce platforms
• Specialty stores
• Department stores
• Brand outlets

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA