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High End Lighting Market Share

Report ID: GMI9710
Published Date: May 2024
Report Format: PDF

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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.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The high-end lighting market was valued at over USD 19.3 billion in 2023 and is estimated to register more than USD 35.01 billion by 2032, driven by a growing preference for premium products that offer superior quality, aesthetics, and functionality.

Commercial high-end lighting market size is expected to register over 8.5% CAGR during 2024-2032, as these establishments need advanced lighting solutions to improve their ambiance, functionality, and brand image.

Asia Pacific market held over 8% share in 2023 and will grow rapidly through 2032, owing to several favorable economic and demographic factors.

Acuity Brands Lighting Inc, belacasalighting, CREE Inc, Digital Lumens, Electronic Theatre Controls Inc, General Electric Company, Helestra Leuchten GmbH, and Holtkötter Licht GmbH among others.