Gearing up for an Illuminating Future: Growth Potential of Global Lighting Fixture Market

Tuesday, 12 March 2024, 13:37

The global lighting fixtures market is projected to achieve significant growth, reaching a valuation of US$233.6 billion by 2030. Led by the increasing demand for energy-efficient and visually appealing lighting solutions, particularly in the commercial sector, the market is set for a remarkable trajectory. As the adoption of LED lighting modules continues to surge, the industry is poised for an impressive CAGR of 8.1%.
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Gearing up for an Illuminating Future: Growth Potential of Global Lighting Fixture Market

Global Sales of Lighting Fixtures

Global sales of lighting fixtures ascend as the demand for efficient and aesthetically pleasing lighting solutions grows.

Commercial Sector Surge

The commercial sector stands out with surging demand for LED lighting modules.

Market Projection

  • The global lighting fixtures market is set to soar from US$125.3 billion in 2022 to US$233.6 billion by the end of 2030.
  • Anticipating an impressive CAGR of 8.1%, the market is driven by the growing need for energy-efficient lighting solutions.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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