Kitchen Lighting Market: Increasing Proliferation of LED & amp; Technical advancements to influence the market growth

Kitchen Lighting Market was valued at USD 13.2 Bn in 2022 and is expected to reach USD 22 Bn by 2029, exhibiting a CAGR of 7.5 percent during the forecast period (2023-2029).
Kitchen Lighting Overview:
A light fixture containing an electric lamp that provides illumination is known as Kitchen Lighting. Type of kitchen lighting includes pendant lighting, Cabinet Lighting, Kitchen Island Lighting, track lighting, and many more. Kitchen lighting are illumination solutions created to provide customized lighting.To know about the Research Methodology :- Request Free Sample Report
Kitchen Lighting Market Scope and Research Methodology
The report on Kitchen Lighting Market provides a detailed analysis of the strong competition and rivalry prevailing in the market. The key findings of the report include market size and forecasts equipped with current environmental and other ongoing developments that affect the Kitchen Lighting Market. The Kitchen Lighting Market is segmented into type, Distribution channel, Sources, and product which is presented with the help of graphs and figures for a better understanding of the fastest-growing segments.

For the competitive landscape, a thorough analysis of major manufacturers in the Kitchen

Lighting Market is conducted to help clients gain an edge over their competitors. The customizable report gives weightage to the nature of competition, new entrants in the market and pricing and marketing tactics of the manufacturers in the Kitchen Lighting Market. Regional analysis of the Kitchen Lighting Market provides key insights at the local, regional and global levels. A comprehensive vendor analysis for the Kitchen Lighting Market aids clients to understand market penetration.

Primary and secondary data collection methods are used for qualitative and quantitative analysis of the Kitchen Lighting Market. Bottom-up approach is used for Kitchen Lighting market estimation, the results of which are validated by segments. SWOT, PESTLE and Porter’s Five Force analysis were used to find strength, weaknesses, and economic condition of the Kitchen Lighting market.
Kitchen Lighting Market Dynamics:
Increased demand in the E-commerce industry to boost the Kitchen Lighting Market growth

Home repairing and remodelling activities, particularly in urban areas to boost the Kitchen Lighting Market growth. Consumers' tendency to spend on interiors of home furnishing items including stylish kitchen lighting systems to contribute to the Kitchen Lighting Market growth. Government across the world have launched smart cities programs to boost urban infrastructure and construction development. Rising penetration of E-Commerce industry is fast developing and product sales have been influenced by rise of E-commerce in the home appliance business. Majority of international e-commerce sales are controlled by wholesalers. The e-commerce industry is flourishing rapidly with the continuously growing access to the internet in many regions.

Use of LEDs in Lighting to contribute in Kitchen Lighting market growth

Scope of lighting technology is changed due to the adoption of LED lights. Adoption of energy-efficient kitchen ceiling lights products such as LEDs & OLEDs, and increasing penetration of hanging lights for kitchen and smart lighting fixtures is expected to fuel the Kitchen Lightning Market growth. LED lights are 90 percent more efficient and environment friendly the other fluorescent & incandescent lights. Cost of LED lights are slightly higher than others, but are energy-efficient and offer long life make up for it. Light output per kilowatt provides substantial fast return on investment. Traditional lights requires frequent replacements then lights built. Increasing popularity of LED lights with various advantages is expected to fuel the Kitchen Lighting market growth.

Increasing consumer preference towards decorative lighting with technological innovation are factors responsible for the Kitchen Lighting Market growth.

Kitchen Lighting market is expected to grow at a significant pace over the forecast period, there are some restraints that could negative impact the market growth. Here are some of the key restraints of the

market for Kitchen Lighting Market:

1. Safety and security concerns for IoT-controlled lights are likely to hinder the Kitchen Lighting Market growth.

2. Competition from other Kitchen Lighting technologies: While Kitchen Lighting offer many advantages over traditional Kitchen Lighting, they face competition from emerging Lighting technologies such as wireless sensors Lighting , which are less expensive and easier to deploy.

3. Limited standardization: There are currently no widely accepted standards for Kitchen Lighting, which can lead to inconsistencies in performance and interoperability between different types of Lighting.

Opportunities for New Entrants in Kitchen Lighting Market:

1. Partnerships with established players: New entrants can leverage partnerships with established players in the Kitchen Lighting market to gain access to their distribution networks, customer base, and expertise. These partnerships help new entrants establish themselves in the market more quickly and efficiently.

Kitchen Lighting Market Trend:

The most popular kitchen lighting trend is mixing of practical spotlights and wall lights with more decorative pendants and ceiling lights. In kitchen lighting market the trends are: Layered lighting, Smart bulbs, and metallic lights.

Layered lighting: Layered lights have a practical purpose and trendy image. Gloomy nooks with layered lights are used with high-intensity lights in areas where customers’ need to have more clear vision, such as above the cooktop.

Smart Bulbs: Warm-toned light bring a sense of comfort to room. Smart bulbs consist of sensors, which is operated depending on the environment. While cooking the lights are bright and white, if its party then go for bright hue like blue or red.

Metallic Lights: Steel lighting gives kitchen a modern, and clean appeal. The room is influenced by Metal lighting. Metallic lighting are expected with pops of brass, flashes of gold, and slivers of silver, which help kitchen interior looks more attractive.
Kitchen Lighting Market Regional Insights:
Asia Pacific has dominated the Kitchen Lighting market with the largest market share in 2022. China is one of the leading market player in the region as a significant supplier of goods to other nations. Fast growing population is expected to boost the regional Kitchen Lighting market growth. Adoption of E-commerce for lighting fixtures is expanding in countries such as China and India. New technologies and features are used by the vendors to attract customers and this factor is expected to contribute to the regional Kitchen Lighting Market growth. China has acquired a prime share in the market with significant growth rate over the forecast period (2023 to 2029).

In European region, United Kingdom dominated the Kitchen Lighting Market in terms of revenue and is expected to continue the dominance over the forecast period. Germany is expected to be the fastest-growing country in the Kitchen Lighting Market in terms of advancement in technology across industry. The rising popularity of LED lighting as an energy-efficient and green solution is expected to boost new kitchen lighting concepts and lamp designs in the region. Kitchen Lighting companies in the region are launching new products to fulfill the consumer demands in design, energy efficiency, applications, and other functionalities.

In North America region, US held the largest Kitchen Lighting Market share in 2021 and is expected to dominate the market over the forecast period. Adoption of widespread products by renowned industry leaders are responsible factor for the regional Kitchen Lighting Market growth.


Competitive Analysis:
Acuity Brands Inc:

They use technology to solve problems in spaces, light, and more things. As a leading industrial technology company, their brands are some of the most respected in lighting and intelligent spaces. The Acuity Brands portfolio is defined by two distinct groups including Acuity Brands Lighting and Intelligent Spaces Group. The total revenue of the company was USD 4.006 Bn at the end of annual year 2022.

Cree Lighting:

Cree is redefining lighting company transforming light to customers to make their experience make the world better. They see light as the great enabler and protector of human experience. Their smart lighting solutions are easy to use and make the path-optimized work environment that uses less energy almost effortless. They are LED light pioneer with deep roots and even deeper expertise. Company is a leading US-based manufacturer. They have installed 125+ LED since 2008. In 2020 Cree Lighting have launched ConnectedMax smart LED bulbs. In 2021, they expand the Connected Max Smart Home LED light bulbs at Lowe’s stores nationwide to provide customers everywhere.

Havells India Limited:

In October 2022, Havells India Limited, launched a range of lighting products called “Glamtubes”. The new range of LEDs comes in various shapes and size inspired by cosmic and heavenly elements and offers cutting-edge technology with creativity in the LEDs that offer an expression of elegance and sophistication.

Panasonic Corporation:

In November -2021, Panasonic have launched a new edition of smart home ecosystem. The company has unveiled a new smart Wi-Fi LED bulbs. The core benefit of the 9-watt Smart Wi-Fi LED Bulb is its multi-colour lighting option and automated scheduling functions of the Panasonic Corporation.

OSRAM Licht AG is one of the major player in the Kitchen Lighting market. They offer a unique product and technology portfolio for sensing, illumination and visualization from prime-quality light emitters to micro modules and related software.
Kitchen Lighting Market Segment Analysis:
Based on types, Kitchen Lighting Market is segmented into sub-segment including General Kitchen Lighting, Task Kitchen Lighting, and Decorative Hanging Kitchen Lighting. General Kitchen Lighting Market held the largest Kitchen Lighting Market Share in 2022. Less awareness about the kitchen lighting by the consumer and limited awareness about the kitchen interior dominates the General Kitchen Lighting segment in the Kitchen Lighting Market.

Based on Sources, Market is sub-segmented into Fluorescent, LED, and OLED. LED held the largest Kitchen Lighting Market share in 2022 due to the increasing demand for energy-efficient lighting. Low cost of LED lights is expected to dominate the LED segment over the forecast period.

Based on Products,  Market is Sub-segmented into Island Lights, Pendant Lights, Mini Pendant Lights, Ceiling Lights, Chandeliers, Track Lighting, Under Cabinet Lighting, and Recessed Lighting. Ceiling light segment dominated the market in 2022 and is expected to continue the dominance over the forecast period. Ceiling lighting are used in residential sector for the remodeling and decoration of the kitchen with high spending has created demand for the ceiling lighting.


Kitchen Lighting Market Scope: Inquiry Before Buying



Kitchen Lighting Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 13.2 Bn.


Forecast Period 2023 to 2029 CAGR:
7.5  %
Market Size in 2029:
US $ 22 Bn.


 Segments Covered:
by Type
1. General Kitchen Lighting
2. Task Kitchen Lighting
3. Decorative Hanging Kitchen Lighting


by Distribution Channel
1. Online
2. Offline


by Source
1. Fluorescent
2. LED
3.OLED


by Product
1. Island Lights
2.Pendant Lights
3.Mini Pendant Lights
4. Ceiling Lights
5. Chandeliers
6. Track Lighting
7. Under Cabinet Lighting
8.Recessed Lighting


by End-User
1. Residential
2.Commercial



Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Market Key Players:
1. Acuity Brands Inc.,
2. Cree Lighting
3. OSRAM Licht AG
4. GE Lighting
5. Panasonic Corporation
6. Havells India Ltd.
7. Signify Holding
8. Hubbell Incorporated
9. Kichler lighting
10. Lutron Electronics
11. Hafele GmbH & Co.
12. Koninklijke Philips H.V.
13. Eaton Corporation
14. General Electric
15. Lutron Electronics Co.
16. SAVANT TECHNOLOGIES LLC.
17. Ledil
18. Eaton Corporation Plc
19. Stanley Black & Decker Inc

Frequently Asked Questions:

1] What is the growth rate of the Global  Market?
Ans. The Global Kitchen Lighting Market is growing at a significant rate of 7.5 percent over the forecast period.

2] Which region is expected to dominate the Global  Market?
Ans. Asia Pacific region is expected to dominate the Market over the forecast period.

3] What is the market size of the Global Market by 2029?
Ans. The market size of the Market is expected to reach USD 22 Bn by 2029.

4] Which are the top key players of the Global  Market?
Ans. The major key players of the Global Market are Acuity Brands Inc., Cree Lighting, OSRAM Licht AG, GE Lighting, Panasonic Corporation, and Havells India Ltd.

5] What factors are expected to drive Global Market growth by 2029?
Ans. E-Commerce industry is expected to drive the Market growth over the forecast period (2023-2029).