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High End Lighting Market Trends

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

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.

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 Holtk

High End Lighting Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 305
  • Countries covered: 21
  • Pages: 210
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