Lighting Fixtures Market: Industry Analysis and Detailed Profiles of top Industry Players 2015 - 2021
The vendor landscape of the global market for lighting fixtures features a highly fragmented vendor landscape owing to the presence of a large number of companies, observes Transparency Market Research in a recent report. With nearly 90% of the market held by regional players, international vendors operating amid an intense level of competition are resorting to strategic collaborations as a way of gaining foothold in lucrative regional markets. Ploughing in resources into research and development with the view of introducing innovative products to attract new-age consumers is also a popular strategy adopted by leading vendors to stay ahead of their peers in the highly competitive global lighting fixtures market . Some of the leading companies in the market are Acuity Brands, Inc., Hubbel Lighting, Inc., Cooper Lighting, LLC, and Koninklijke Philips N.V. According to the report, the market is expected to rise to a valuation of US$215.29 bn by 2021, registering a CAGR of 6.9% ...