Press Release
Press Release
North America holds a significant share of the overall decorative lighting industry owing to the increasing disposable income in the region. This is leading to the trend of interior designing in residential and commercial spaces, which is consequently increasing the deployment of decorative lighting in the region. Moreover, the growing demand for LED decorative lighting in the region, owing to the rising awareness regarding the benefits of energy-efficient lighting, is invigorating the market growth. The rapid expansion of lighting studios in the region is further propelling the industry growth. For instance, TPL Lighting announced the launch of the Adelaide Project in Toronto in February 2020. Meanwhile, the Asia Pacific region is witnessing rapid growth due to the growing production of cost-effective decorative lighting in the region, hence significantly contributing to the overall market growth.
One of the leading companies in the market is Acuity Brands Lighting Inc. (NYSE: AYI), whose subsidiary Eureka announced enhancements to its Cycle family in June 2021. The products are an extensive range of large-scale luminaires and provide diffused direct/indirect illumination creating a luminous halo fitting large spaces with simplicity and presence. The new gold finish product is expected to be available for all Cycle sizes and the Cycle XL is projected to be offered an anthracite finish. The lights feature advanced technologies to meet the demand for greater functionality as well as enhanced occupant convenience while reducing energy consumption. Such developments are expected to aid the market growth in the forecast period.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global decorative lighting market are Acuity Brands Lighting Inc., Maxim Lighting International, Inc., Generation Lighting, Savant Systems, Inc., and Lowe's Companies, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.