About Kitchen Lighting
Kitchen lighting is one important element and electrical component, along with the development in smart homes. Today, end-users are heavily investing in technology development. The development of smart homes is driving huge demand for kitchen lighting. LED is the revolutionary technology introduced in the lighting industry. Due to the high efficiency coupled with the high quality of LEDs, the demand has driven in the industrial sector from the last few years. The increased demand for LEDs in the industrial sector can be attributed to the high electricity consumption caused by traditional lamps.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are determining in this marketplace are exploring their footprint in new geographic regions by adopting various mergers & acquisitions, expansions, investments, new product launches, and collaborations as their strategies. The market players are exploring new areas by developing business models through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Kitchen Lighting market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Koninklijke Philips N.V. (Netherlands), Cree Inc. (United States), General Electric (United States), Hubbell Lighting, Inc. (United States), Acuity Brands, Inc. (United States), Eaton Corporation (Ireland), Panasonic Corporation (Japan), OSRAM Licht AG (Germany), Nichia Corporation (Japan) and Wipro Lighting (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are LED iBond International (Denmark), Kichler Lighting LLC (United States) and Everlight Electronics Co., Ltd. (Taiwan).
Segmentation Overview
AMA Research has segmented the market of Global Kitchen Lighting market by Type (General Kitchen Lighting, Task Kitchen Lighting and Decorative Hanging Kitchen Lighting) and Region.
On the basis of geography, the market of Kitchen Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channels, the sub-segment i.e. Online Sales Channels will boost the Kitchen Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Island Lights will boost the Kitchen Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Fluorescent will boost the Kitchen Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development in Distribution Channels and Advancement in E-Commerce Platforms
Market Growth Drivers:
Rapid Urbanization in Emerging Economies Such as China, India, and Others and Increase in disposable income in emerging economies and Shifting Consumer Lifestyles is Predictable to Create Opportunities for Residential Kitchen Lighting
Challenges:
Fluctuation in Prices of Raw Materials
Restraints:
Disruption in Supply Chains
Opportunities:
Increase In Investment for Home Decoration and Change in Consumer Behavior
Market Leaders and their expansionary development strategies
In December 2020,Lightserve has announced the acquisition of Illumetek. Lightserve is a leading provider of customized lighting distribution, maintenance, and retrofit solutions across various industrial and commercial markets throughout the U.S.
In Sep 2020, LED iBond International announced the development of the new technology for building, make them smarter and greener. Through this initiative, the company becomes more competent in this industry.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Kitchen Lighting Manufacturers, Distributors, and Suppliers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.