The lighting fixture is a piece of electrical equipment that emits artificial light from an electric lamp or other type of lighting source. The term "luminaire" also refers to lighting fixtures that include an electric lamp. Lighting fixtures are made up of parts such the electric ballast, reflectors, aperture, and an outer shell that serves as the electric lamp's protective cover. The expansion of the lighting fixtures market is primarily being driven by the transition of the lighting industry from old lighting technologies like incandescent and fluorescent bulbs to more energy-efficient lighting technologies like LED lamps.
Global Lighting Fixtures Market was valued at US$ 218.71 Bn in 2021 and is expected to reach US$ 513.22 Bn by 2030, growing at a CAGR of 10.1% between 2022 and 2030.
Top Companies in the lighting fixtures Industry:
1. Acuity Brands, Inc.
Acuity Brands, Inc. provides lighting and building management solutions in North America and internationally. Acuity Brands, Inc. was incorporated in 2001 and is headquartered in Atlanta, Georgia. In Jnaury, 2023 Acuity Brands, Inc. announced today that its subsidiary Acuity Brands Lighting, Inc. (“Acuity Brands”) has entered into an agreement with Biological Innovations and Optimization Systems, LLC to participate in the BIOS ILLUMINATED™ partnership program.
2. Zumtobel Lighting GmbH
Zumtobel Group AG operates in the lighting industry worldwide. Zumtobel Group AG was founded in 1950 and is headquartered in Dornbirn, Austria.
3. Koninklijke Philips N.V.
Koninklijke Philips N.V. operates as a health technology company in North America and internationally. Koninklijke Philips N.V. was founded in 1891 and is headquartered in Amsterdam, the Netherlands.
4. LSI Industries Inc.
LSI Industries Inc. produces and sells non-residential lighting and retail display solutions. LSI Industries Inc. was founded in 1976 and is headquartered in Cincinnati, Ohio. In April, 2022 LSI Industries Inc. announced that it has expanded its presence in the quick service restaurant (QSR) market by partnering with one of the nation’s largest brands focused on the chicken segment.
5. Juno Lighting Group
Since 1976, the Juno brand has a well-earned reputation for introducing a steady stream of products that have led the industry in quality, performance, and innovation. The company has headquarters situated in Atlanta, GA.
6. Hubbell Lighting, Inc.
Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. The company was founded in 1888 and is headquartered in Shelton, Connecticut.
7. Cooper Lighting, LLC
Founded in 1997, Cooper Lighting delivers an industry-leading portfolio of indoor and outdoor lighting, lighting controls and smart lighting systems. It has headquarters situated in Peachtree City, GA.
8. Panasonic Corporation
Panasonic Holdings Corporation, together with its subsidiaries, develops, manufactures, sells, and services various electrical and electronic products worldwide. Panasonic Holdings Corporation was founded in 1918 and is headquartered in Kadoma, Japan.
*Definition-A light fixture, also known as a light fitting, is an electrical appliance with an illumination-producing electric bulb within.
