According to our latest market study on "Kitchen Lighting Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Source, Product, and Geography," the market is expected to grow from US$ 17,058.05 million in 2021 to reach US$ 30,707.36 million by 2028; it is anticipated to grow at a CAGR of 8.8% from 2021 to 2028.

Smart homes are placing more emphasis on lighting, with a particular focus on well-lit kitchens that provide a secure, functional, and pleasant environment. As consumers have more purchasing power, they are increasingly investing in kitchen décor, including dimmable or brightness-controlled lighting to create the desired ambiance. This growing demand for energy-efficient products is driving market growth, as is the rise of the Internet of Things (IoT), which is increasing product visibility among younger consumers.

Efficient lighting is becoming more popular due to its longer shelf life and better energy savings. Energy-efficient lighting also has the lowest life-cycle cost as it reduces peak loads, lowers customer bills, and decreases mercury and material volume. As a result, there is a rise in the usage of light-emitting diodes (LEDs), which are energy-efficient and increasing in acceptance across many sectors. The growth and demand for LED lighting are favourably driving the kitchen lighting market's growth.

Impact of COVID-19 Pandemic on Global Kitchen Lighting Market

The COVID-19 pandemic has had a significant impact on the kitchen lighting industry, with new projects around the world being halted and demand for analogy semiconductors decreasing. The pandemic led to supply chain interruptions, as multinational manufacturers struggled to incorporate modern kitchen lighting into their operations, and production levels suffered as workers stayed at home. However, as the situation improves, production, supply chains, and demand for kitchen lighting are expected to gradually improve, with businesses likely to choose more sophisticated lighting to improve efficiency.

Government support, a robust supply chain system, and increased residential building development are expected to contribute to the industry's success. Despite the negative impact of the pandemic on the industry's size in 2020, the outlook for the kitchen lighting market is optimistic, as the arrival of products on the market is expected to increase once suppliers are able to provide parts to manufacturers and assemblers.

Key Findings of Study:

The global kitchen lighting market is segmented on the basis of type, source, product, and geography. On the basis of type, the Kitchen Lighting Market is segmented into general kitchen lighting, task kitchen lighting, and decorative kitchen lighting. In 2020, the general kitchen lighting segment held the largest market share. On the basis of source, the Kitchen Lighting Market is segmented into fluorescent, LED, and OLED. In 2020, the LED and OLED segment accounted for the largest market share. On the basis of product, the Kitchen Lighting Market is segmented into island lights, pendant lights, ceiling lights, chandeliers, track lighting, under cabinet lighting, and others. In 2020, the ceiling lights segment accounted for the largest market share. Geographically, the kitchen lighting market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, North America accounted for a significant share in the global kitchen lighting market.

Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com