Overview and Scope
Kitchen lighting is an essential aspect of kitchen design and functionality. It serves both practical and aesthetic purposes, helping you to see and work effectively in the kitchen while also contributing to the overall ambiance and style of the space.
Sizing and Forecast
The kitchen lighting market size has grown strongly in recent years. It will grow from $12.31 billion in 2023 to $13.5 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to incandescent lighting dominance, aesthetic preferences, energy efficiency concerns, regulatory changes, smart lighting integration.
The kitchen lighting market size is expected to see strong growth in the next few years. It will grow to $18.56 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to smart home integration, health and wellness considerations, customization and personalization, sustainable and eco-friendly lighting, wireless power and charging integration. Major trends in the forecast period include innovations in fixture designs, led technology evolution, technological advancements, human-centric lighting:, integration of advanced controls.
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Segmentation & Regional Insights
The kitchen lighting market covered in this report is segmented –
1) By Product: Island Lights, Pendant Lights, Ceiling Lights, Track Lighting, Under Cabinet Lighting, Other Products
2) By Source: Fluorescent, Light Emitting Diode (LED), Organic Light Emitting Diode (OLED)
3) By Distribution Channel: Online, Offline
4) By End-User: Residential, Commercial
North America was the largest region in the kitchen lighting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the kitchen lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The surge in demand for infrastructure projects in the residential sector is driving the growth of the kitchen lighting market. Infrastructure projects refer to large-scale construction or development initiatives aimed at improving or creating essential physical and organizational structures and facilities. Infrastructure projects typically involve the installation or upgrade of the foundational systems and structures that support the functioning of lighting systems in residential or commercial kitchens. For instance, in June 2021, according to the Stats NZ Tatauranga Aotearoa, a New Zealand-based government data agency, construction activity increased by 3.7% in March 2021. Furthermore, the residential activity increased 4.3% in 2021 over 2020. Additionally, according to the US Census Bureau, with a growth rate of 10.2 percent, the value of construction activities climbed from $1,626.4 billion in 2021 to $1,792.9 billion in 2022. Therefore, the surge in demand for infrastructure projects in the residential sector is expected to propel the growth of the kitchen lighting market.
Key Industry Players
Major companies operating in the kitchen lighting market report are Panasonic Corporation, Eaton Corporation Plc, Stanley Black & Decker Inc., Signify Holding B.V., Hubbell Inc., Acuity Brands Inc., Osram Lighting Private Limited, Havells India Ltd., Cree Lighting USA LLC, Lutron Electronics Co. Inc., Sea Gull Lighting, Hafele Gmbh & Co., Craftmade International Inc., L.D. Kichler Co. Inc., Wangs Alliance Corporation, Quoizel Inc., GE Lighting, Tech Lighting LLC, Progress Lighting, ELK Group International, LEDiL, Hinkley Lighting Inc., Csl Lighting Inc., Maxim Lighting International Inc., Lighting New York, Feiss Lighting</b
The kitchen lighting market report table of contents includes:
1. Executive Summary
2. Kitchen Lighting Market Characteristics
3. Kitchen Lighting Market Trends And Strategies
4. Kitchen Lighting Market – Macro Economic Scenario
5. Global Kitchen Lighting Market Size and Growth
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32. Global Kitchen Lighting Market Competitive Benchmarking
33. Global Kitchen Lighting Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Kitchen Lighting Market
35. Kitchen Lighting Market Future Outlook and Potential Analysis
36. Appendix
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