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Kitchen Lighting Market By Product Type, By Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 297 Pages
  • January 2023
  • Region: Global
  • Allied Market Research
  • ID: 5751223
The global kitchen lighting market was valued at $12,557.0 million in 2021, and is projected to reach $25,662.1 million by 2031, registering a CAGR of 7.73% from 2022 to 2031. Kitchen lighting is an important part in terms of home decoration, which is gaining popularity among smart homes. The demand for dimmable or brightness controllable lights has witnessed a significant rise among consumers as they can create the desired atmosphere using the lights.

Decreasing cost of light-emitting diodes (LEDs) and changes in global energy policies are driving the market growth of linear lighting. LEDs are very reliable, efficient and have a long life compared to other LEDs. They are cost effective and provide about 50,000 hours of lighting with low energy consumption. Customers prefer LED linear lighting over incandescent bulbs due to their lower cost and lower heat dissipation. Additionally, lack of awareness of payback time and installation costs may hamper the growth of the linear lighting market in the coming years. However, increasing investments by governments of various countries in smart cities, smart transportation, smart industries, and the application of numerous smart technologies in various applications have boosted the strong growth of the linear lighting market during the analysis period.

The key kitchen lighting market leaders profiled in the report include General Electric, Hubbell. Inc, Acuity Brands, Inc., Lutron Electronics Co., Inc, Osram lighting private limited, Signify Holding, Kichler lighting, Koninklijke Philips N.V., Panasonic Corporation, and Havells India Ltd. These key players adopt several Strategies such as new product launch and development, acquisition, partnership and collaboration and business expansion to increase the kitchen lighting market share during the forecast period.

The report includes the study of the kitchen lighting market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the kitchen lighting market analysis from 2021 to 2031 to identify the prevailing kitchen lighting market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the kitchen lighting market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global kitchen lighting market trends, key players, market segments, application areas, and market growth Strategies.

Key Market Segments

By Product Type

  • Pendant Lighting
  • Under Cabinet Lighting
  • Island Lighting
  • Track Lighting

By Channel

  • Offline
  • Online

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • General Electric
  • Hubbell.Inc
  • Acuity Brands, Inc.
  • Lutron Electronics Co., Inc
  • OSRAM LIGHTING PRIVATE LIMITED
  • Signify Holding
  • kichler lighting
  • Koninklijke Philips N.V.
  • Panasonic Corporation
  • Havells India Ltd

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Market dynamics
3.4.1.Drivers
3.4.1.1. Rise in demand for technological advancements and innovation in kitchen lighting
3.4.1.2. Increasing consumer preference towards decorative lighting.
3.4.2.Restraints
3.4.2.1. Safety and security concerns for IoT controlled lights may hinder market growth.
3.4.3.Opportunities
3.4.3.1. Higher adoption rate of energy-efficient lights to save cost and power.
3.5.COVID-19 Impact Analysis on the market

CHAPTER 4: KITCHEN LIGHTING MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2. Pendant Lighting
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Under Cabinet Lighting
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. Island Lighting
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5. Track Lighting
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country

CHAPTER 5: KITCHEN LIGHTING MARKET, BY CHANNEL
5.1 Overview
5.1.1 Market size and forecast
5.2. Offline
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Online
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country

CHAPTER 6: KITCHEN LIGHTING MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Product Type
6.2.3 North America Market size and forecast, by Channel
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Product Type
6.2.4.1.3 Market size and forecast, by Channel
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Product Type
6.2.4.2.3 Market size and forecast, by Channel
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Product Type
6.2.4.3.3 Market size and forecast, by Channel
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Product Type
6.3.3 Europe Market size and forecast, by Channel
6.3.4 Europe Market size and forecast, by country
6.3.4.1 UK
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Product Type
6.3.4.1.3 Market size and forecast, by Channel
6.3.4.2 Germany
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Product Type
6.3.4.2.3 Market size and forecast, by Channel
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Product Type
6.3.4.3.3 Market size and forecast, by Channel
6.3.4.4 Rest of Europe
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Product Type
6.3.4.4.3 Market size and forecast, by Channel
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Product Type
6.4.3 Asia-Pacific Market size and forecast, by Channel
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Product Type
6.4.4.1.3 Market size and forecast, by Channel
6.4.4.2 Japan
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Product Type
6.4.4.2.3 Market size and forecast, by Channel
6.4.4.3 India
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Product Type
6.4.4.3.3 Market size and forecast, by Channel
6.4.4.4 South Korea
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Product Type
6.4.4.4.3 Market size and forecast, by Channel
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Product Type
6.4.4.5.3 Market size and forecast, by Channel
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Product Type
6.5.3 LAMEA Market size and forecast, by Channel
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Product Type
6.5.4.1.3 Market size and forecast, by Channel
6.5.4.2 Middle East
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Product Type
6.5.4.2.3 Market size and forecast, by Channel
6.5.4.3 Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Product Type
6.5.4.3.3 Market size and forecast, by Channel

CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning Strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021

CHAPTER 8: COMPANY PROFILES
8.1 General Electric
8.1.1 Company overview
8.1.2 Key Executives
8.1.3 Company snapshot
8.1.4 Operating business segments
8.1.5 Product portfolio
8.1.6 Business performance
8.1.7 Key strategic moves and developments
8.2 Hubbell.Inc
8.2.1 Company overview
8.2.2 Key Executives
8.2.3 Company snapshot
8.2.4 Operating business segments
8.2.5 Product portfolio
8.2.6 Business performance
8.2.7 Key strategic moves and developments
8.3 Acuity Brands, Inc.
8.3.1 Company overview
8.3.2 Key Executives
8.3.3 Company snapshot
8.3.4 Operating business segments
8.3.5 Product portfolio
8.3.6 Business performance
8.3.7 Key strategic moves and developments
8.4 Lutron Electronics Co., Inc
8.4.1 Company overview
8.4.2 Key Executives
8.4.3 Company snapshot
8.4.4 Operating business segments
8.4.5 Product portfolio
8.4.6 Business performance
8.4.7 Key strategic moves and developments
8.5 OSRAM LIGHTING PRIVATE LIMITED
8.5.1 Company overview
8.5.2 Key Executives
8.5.3 Company snapshot
8.5.4 Operating business segments
8.5.5 Product portfolio
8.5.6 Business performance
8.5.7 Key strategic moves and developments
8.6 Signify Holding
8.6.1 Company overview
8.6.2 Key Executives
8.6.3 Company snapshot
8.6.4 Operating business segments
8.6.5 Product portfolio
8.6.6 Business performance
8.6.7 Key strategic moves and developments
8.7 kichler lighting
8.7.1 Company overview
8.7.2 Key Executives
8.7.3 Company snapshot
8.7.4 Operating business segments
8.7.5 Product portfolio
8.7.6 Business performance
8.7.7 Key strategic moves and developments
8.8 Koninklijke Philips N.V.
8.8.1 Company overview
8.8.2 Key Executives
8.8.3 Company snapshot
8.8.4 Operating business segments
8.8.5 Product portfolio
8.8.6 Business performance
8.8.7 Key strategic moves and developments
8.9 Panasonic Corporation
8.9.1 Company overview
8.9.2 Key Executives
8.9.3 Company snapshot
8.9.4 Operating business segments
8.9.5 Product portfolio
8.9.6 Business performance
8.9.7 Key strategic moves and developments
8.10 Havells India Ltd
8.10.1 Company overview
8.10.2 Key Executives
8.10.3 Company snapshot
8.10.4 Operating business segments
8.10.5 Product portfolio
8.10.6 Business performance
8.10.7 Key strategic moves and developments

List of Tables
Table 1. Global Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 2. Kitchen Lighting Market for Pendant Lighting, by Region, 2021-2031 (Revenue, $Million)
Table 3. Kitchen Lighting Market for Under Cabinet Lighting, by Region, 2021-2031 (Revenue, $Million)
Table 4. Kitchen Lighting Market for Island Lighting, by Region, 2021-2031 (Revenue, $Million)
Table 5. Kitchen Lighting Market for Track Lighting, by Region, 2021-2031 (Revenue, $Million)
Table 6. Global Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 7. Kitchen Lighting Market for Offline, by Region, 2021-2031 (Revenue, $Million)
Table 8. Kitchen Lighting Market for Online, by Region, 2021-2031 (Revenue, $Million)
Table 9. Kitchen Lighting Market, by Region, 2021-2031 (Revenue, $Million)
Table 10. North America Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 11. North America Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 12. North America Kitchen Lighting Market, by Country, 2021-2031 (Revenue, $Million)
Table 13. U.S. Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 14. U.S. Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 15. Canada Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 16. Canada Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 17. Mexico Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 18. Mexico Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 19. Europe Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 20. Europe Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 21. Europe Kitchen Lighting Market, by Country, 2021-2031 (Revenue, $Million)
Table 22. UK Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 23. UK Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 24. Germany Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 25. Germany Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 26. France Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 27. France Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 28. Rest of Europe Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 29. Rest of Europe Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 30. Asia-Pacific Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 31. Asia-Pacific Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 32. Asia-Pacific Kitchen Lighting Market, by Country, 2021-2031 (Revenue, $Million)
Table 33. China Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 34. China Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 35. Japan Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 36. Japan Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 37. India Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 38. India Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 39. South Korea Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 40. South Korea Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 41. Rest of Asia-Pacific Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 42. Rest of Asia-Pacific Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 43. LAMEA Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 44. LAMEA Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 45. LAMEA Kitchen Lighting Market, by Country, 2021-2031 (Revenue, $Million)
Table 46. Latin America Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 47. Latin America Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 48. Middle East Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 49. Middle East Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 50. Africa Kitchen Lighting Market, by Product Type, 2021-2031 (Revenue, $Million)
Table 51. Africa Kitchen Lighting Market, by Channel, 2021-2031 (Revenue, $Million)
Table 52. General Electric: Key Executives
Table 53. General Electric: Company Snapshot
Table 54. General Electric: Operating Segments
Table 55. General Electric: Product Portfolio
Table 56. General Electric: Net Sales
Table 57. General Electric: Key Strategies
Table 58. Hubbell.Inc.: Key Executives
Table 59. Hubbell.Inc.: Company Snapshot
Table 60. Hubbell.Inc.: Operating Segments
Table 61. Hubbell.Inc.: Product Portfolio
Table 62. Hubbell.Inc.: Net Sales
Table 63. Hubbell.Inc.: Key Strategies
Table 64. Acuity Brands, Inc.: Key Executives
Table 65. Acuity Brands, Inc.: Company Snapshot
Table 66. Acuity Brands, Inc.: Operating Segments
Table 67. Acuity Brands, Inc.: Product Portfolio
Table 68. Acuity Brands, Inc.: Net Sales
Table 69. Acuity Brands, Inc.: Key Strategies
Table 70. Lutron Electronics Co. Inc.: Key Executives
Table 71. Lutron Electronics Co. Inc.: Company Snapshot
Table 72. Lutron Electronics Co. Inc.: Operating Segments
Table 73. Lutron Electronics Co. Inc.: Product Portfolio
Table 74. Lutron Electronics Co. Inc.: Net Sales
Table 75. Lutron Electronics Co. Inc.: Key Strategies
Table 76. Osram Lighting Private Limited: Key Executives
Table 77. Osram Lighting Private Limited: Company Snapshot
Table 78. Osram Lighting Private Limited: Operating Segments
Table 79. Osram Lighting Private Limited: Product Portfolio
Table 80. Osram Lighting Private Limited: Net Sales
Table 81. Osram Lighting Private Limited: Key Strategies
Table 82. Signify Holding: Key Executives
Table 83. Signify Holding: Company Snapshot
Table 84. Signify Holding: Operating Segments
Table 85. Signify Holding: Product Portfolio
Table 86. Signify Holding: Net Sales
Table 87. Signify Holding: Key Strategies
Table 88. Kichler Lighting: Key Executives
Table 89. Kichler Lighting: Company Snapshot
Table 90. Kichler Lighting: Operating Segments
Table 91. Kichler Lighting: Product Portfolio
Table 92. Kichler Lighting: Net Sales
Table 93. Kichler Lighting: Key Strategies
Table 94. Koninklijke Philips N.V.: Key Executives
Table 95. Koninklijke Philips N.V.: Company Snapshot
Table 96. Koninklijke Philips N.V.: Operating Segments
Table 97. Koninklijke Philips N.V.: Product Portfolio
Table 98. Koninklijke Philips N.V.: Net Sales
Table 99. Koninklijke Philips N.V.: Key Strategies
Table 100. Panasonic Corporation: Key Executives
Table 101. Panasonic Corporation: Company Snapshot
Table 102. Panasonic Corporation: Operating Segments
Table 103. Panasonic Corporation: Product Portfolio
Table 104. Panasonic Corporation: Net Sales
Table 105. Panasonic Corporation: Key Strategies
Table 106. Havells India Ltd.: Key Executives
Table 107. Havells India Ltd.: Company Snapshot
Table 108. Havells India Ltd.: Operating Segments
Table 109. Havells India Ltd.: Product Portfolio
Table 110. Havells India Ltd.: Net Sales
Table 111. Havells India Ltd.: Key Strategies

List of Figures
Figure 1. Segmentation of Kitchen Lighting Market,2021-2031
Figure 2. Kitchen Lighting Market,2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Kitchen Lighting Market:Drivers, Restraints and Opportunities
Figure 10. Kitchen Lighting Market,By Product Type,2021(%)
Figure 11. Comparative Share Analysis of Pendant Lighting Kitchen Lighting Market, 2021 and 2031(%)
Figure 12. Comparative Share Analysis of Under Cabinet Lighting Kitchen Lighting Market, 2021 and 2031(%)
Figure 13. Comparative Share Analysis of Island Lighting Kitchen Lighting Market, 2021 and 2031(%)
Figure 14. Comparative Share Analysis of Track Lighting Kitchen Lighting Market, 2021 and 2031(%)
Figure 15. Kitchen Lighting Market,By Channel,2021(%)
Figure 16. Comparative Share Analysis of Offline Kitchen Lighting Market, 2021 and 2031(%)
Figure 17. Comparative Share Analysis of Online Kitchen Lighting Market, 2021 and 2031(%)
Figure 18. Kitchen Lighting Market by Region,2021
Figure 19. U.S. Kitchen Lighting Market,2021-2031($Million)
Figure 20. Canada Kitchen Lighting Market,2021-2031($Million)
Figure 21. Mexico Kitchen Lighting Market,2021-2031($Million)
Figure 22. UK Kitchen Lighting Market,2021-2031($Million)
Figure 23. Germany Kitchen Lighting Market,2021-2031($Million)
Figure 24. France Kitchen Lighting Market,2021-2031($Million)
Figure 25. Rest of Europe Kitchen Lighting Market,2021-2031($Million)
Figure 26. China Kitchen Lighting Market,2021-2031($Million)
Figure 27. Japan Kitchen Lighting Market,2021-2031($Million)
Figure 28. India Kitchen Lighting Market,2021-2031($Million)
Figure 29. South Korea Kitchen Lighting Market,2021-2031($Million)
Figure 30. Rest of Asia-Pacific Kitchen Lighting Market,2021-2031($Million)
Figure 31. Latin America Kitchen Lighting Market,2021-2031($Million)
Figure 32. Middle East Kitchen Lighting Market,2021-2031($Million)
Figure 33. Africa Kitchen Lighting Market,2021-2031($Million)
Figure 34. Top Winning Strategies, by Year
Figure 35. Top Winning Strategies, by Development
Figure 36. Top Winning Strategies, by Company
Figure 37. Product Mapping of Top 10 Players
Figure 38. Competitive Dashboard
Figure 39. Competitive Heatmap of Top 10 Key Players
Figure 40. Top Player Positioning, 2021
Figure 41. General Electric.: Net Sales ($Million)
Figure 42. Hubbell.Inc.: Net Sales ($Million)
Figure 43. Acuity Brands, Inc..: Net Sales ($Million)
Figure 44. Lutron Electronics Co. Inc.: Net Sales ($Million)
Figure 45. Osram Lighting Private Limited.: Net Sales ($Million)
Figure 46. Signify Holding.: Net Sales ($Million)
Figure 47. Kichler Lighting.: Net Sales ($Million)
Figure 48. Koninklijke Philips N.V..: Net Sales ($Million)
Figure 49. Panasonic Corporation.: Net Sales ($Million)
Figure 50. Havells India Ltd.: Net Sales ($Million)

Executive Summary

According to the report titled, 'Kitchen Lighting Market,' the kitchen lighting market was valued at $12.6 billion in 2021, and is estimated to reach $25.7 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031.

Kitchen lighting incorporates a light fixture usually suspended on wires or chains. This kitchen lighting provides a clean, continuous, linear profile of light, creating a contemporary feel for a range of applications.

Key factors propelling the growth of the kitchen lighting market include the increase in the demand for comfortable and innovative lighting solutions and the need for energy-efficient solutions may create a market opportunity for the kitchen lighting market. In addition, the ongoing technological evolutions, such as smart lighting systems in residential buildings, and rising infrastructural projects worldwide, coupled with consumer preferences for better interior lighting designing, are favoring the growth of the market. These factors are further driving the kitchen lighting market at a significant pace.

The market also offers growth opportunities to the key players in the market. Rise in invincible qualities of track lighting is the addition to kitchen lighting because these lights are energy-efficient, produce low heat, are compact, have a huge life span of up to 50,000 hours, provide cool operation, and have the capability to customize the spectral output to emit the specific wavelength.Growing infrastructure expansion is the major factor responsible for the growth of the track lighting market. The major advantage of using track lighting is that it can be directed and positioned at the point where the pointed light is needed. Thus, these factors are expected to gain high traction, thereby providing growth opportunities for kitchen lighting in the coming years.

The kitchen lighting market analysis is based on type, channel, and region. By type, the market is classified into pendant lighting, under-cabinet lighting, island lighting and track lighting. By channel, it is categorized into online and offline. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.

The key players profiled in the study include General Electric, Hubbell.Inc, Acuity Brands, Inc., Lutron Electronics Co., Inc, Osram lighting private limited, Signify Holding, Kichler lighting, Koninklijke Philips N.V., Panasonic Corporation, and Havells India Ltd. The players in the market have been actively engaged in the adoption various Strategies such as acquisition, product launch and expansion to remain competitive and gain advantage over the competitors in the market. For instance, in September 2022, Lutron launched broad support for DALI-2 in its flagship Athena and HomeWorks lighting control systems, offering lighting designers and engineers greater fixture compatibility, openness, and freedom to select the fixtures of their choice.

Key Market Insights

By type, the pendant lighting segment was the highest revenue contributor to the market and is expected to follow the same trend during the forecast period. However, the pendant lighting segment is estimated to be the fastest growing segment during the forecast period.

The online segment generated the largest share in 2021.

Based on region, Asia-Pacific kitchen lighting market was valued at $5,842.8 million in 2021, and is projected to reach $12,977.3 million by 2031, registering a CAGR of 8.63% from 2022 to 2031.

Companies Mentioned

  • General Electric
  • Hubbell.Inc
  • Acuity Brands, Inc.
  • Lutron Electronics Co., Inc
  • OSRAM LIGHTING PRIVATE LIMITED
  • Signify Holding
  • kichler lighting
  • Koninklijke Philips N.V.
  • Panasonic Corporation
  • Havells India Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information