Kitchen Lighting Market by Type (General Kitchen Lighting, Task Kitchen Lighting, and Decorative Hanging Kitchen Lighting), Source (Fluorescent, LED & OLED), Product (Island Lights, Pendant Lights, Mini Pendant Lights, Ceiling Lights, Chandeliers, Track Lighting, Under Cabinet Lighting, and Recessed Lighting), and Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2021–2027

Lighting fixture is an important element, which is gaining popularity amongst smart homes. A well-lit kitchen is a safer, more appealing, and more functional place. Customers have been increasingly investing in kitchen décor, owing growth in buying power. Increase in demand for dimmable or brightness-controlled lights among consumers as they can build desired atmosphere using the lights. Rise in demand for energy-efficient products is expected to fuel the market growth during the forecast period. Increasingly energy efficient and economical lighting fixtures replace traditional lighting devices. In addition, introduction of Internet of Things (IoT) has increased visibility of products among millennial consumers.

COVID-19 scenario Analysis: 

• Global kitchen lighting market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors. 
• Global factories have struggled to integrate new kitchen lightings as workers have stayed in their homes, which disrupted the global supply chains. 
• The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for kitchen lightings are gradually going to increase.  
• This COVID-19 lockdown would help companies think about more advanced kitchen lightings to enhance efficiency.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Rapid urbanization in emerging economies, including China, India, and Brazil and rising income levels and changing consumer lifestyles is expected to create opportunities for residential kitchen lighting market growth in the coming years. Additionally, the availability of cost-effective and attractive lights is projected to fuel demand for the market.
Growth in expenditure on home décor is expected to boost the market

Growing expenditure on home decor assisted by rising consumer buying power is a key driver of kitchen lighting market growth. In addition, chandelier lights have gained considerable reputation in the decoration of living rooms, as they provide attractive and elegant look. Similarly, rising preference for pendant lights to enhance the appearance and brightness of the kitchen and dining rooms is expected to fuel further growth in the segment.

High adoption of these distribution channels

The major factor driving the adoption of these distribution channels is the provision of detailed instructions about installation by the product specialists. The availability of the compatible lighting fixture accessories has also attracted consumers to buy from the offline distribution channel.

Rapid growth in e-commerce

In the home appliance sector, rapid growth in e-commerce has improved the online product sales. The U.S. has highest e-commerce penetration. However, in Asia Pacific countries such as India and China, e-commerce in lighting fixtures is growing rapidly.

Rise in demand for LED and OLED bulbs

The LED and OLED bulbs are highly energy efficient and durable. Such products use less power than incandescent lights up to 90 percent. Consumers have consequently increasingly replaced incandescent lights with LED lights. The governments have implemented regulations in several countries on the discontinuation and consumption of incandescent bulb production. As a result, the incandescent segment is expected to fall out in the years ahead.

Increased use of LED lights to replace the existing incandescent lights has broadened the manufacturers' chance. Over the past few years, the manufacturers have expanded their portfolio of LED products by innovating new fixtures and by acquiring existing companies to meet the increasing demand. North America is another leading regional LED lighting sector, and is expected to see phenomenal growth in the near future, which also create lucrative opportunities for kitchen lighting market. Regulation on an energy-efficient product and high disposal revenue will help drive demand for architectural application LED lighting. The US is expected to be one of the lucrative markets for the manufacture of LED lighting.

Key benefits of the report:

• This study presents the analytical depiction of the global kitchen lighting industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global decorative lighting market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global kitchen lighting market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global kitchen lighting market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the kitchen lighting market research report:

• Which are the leading market players active in the decorative lighting market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the kitchen lighting market?
• What are the projections for the future that would help in taking further strategic steps?

 Key Market Segments

 
Key Market Players

• Koninklijke Philips N.V.
• Cree Inc.
• General Electric
• Hubbell Lighting, Inc.
• Acuity Brands, Inc.
• Eaton Corporation
• Panasonic Corporation
• OSRAM Licht AG
• Nichia Corporation
• Everlight Electronics Co., Ltd.