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Residential Lighting Fixtures Market: LEDs Robustly Soar in Penetration & Popularity; Trend for Smart Lighting to Take the World by Storm

Press release Description

Albany, New York, July 5, 2019: Energy efficiency and quality have been gaining traction when it comes to lighting as lighting technology has evolved drastically over the past decades with the emergence of compact fluorescent lamps (CFLs), light emitting diodes (LEDs) and next-generation energy efficient fixtures. As such, light quality and environment are no more sacrificed to efficiency and affordability.

These actionable insights are according to the intelligence report, titled, “Global Market Study on Residential Lighting Fixtures: Rapid Penetration of Smart Lighting Fixtures Fueling Demand,” which has been freshly added to Market Research Reports Search Engine’s (MRRSE) ever-growing repository.

Still electricity used in many countries are generated by burning fossil fuels which generate detrimental harmful greenhouse gases (GHGs) which massively contribute to climate change. Even though there is no substance which can replace the properties of mercury to produce light in efficient fluorescent lamps, a few of the manufacturers have lowered the amount of mercury used in lamps. Some manufacturers have lowered mercury content in CFLs to as little as 2 milligrams per bulb. Manufacturers have also included motion sensors, photocells or timers in fixtures and bulbs so as to minimize wastage of light.

In a bid to propel omnidirectional product category, stakeholders are working painstakingly to build criteria that would maximize the efficiency, quality, affordability of LEDs. LEDs are robustly soaring in penetration and popularity. Pressing programs focusing on the promotion of LEDs and prevalence of halogen bulbs have fared well for the development of residential lighting fixtures market.

Acknowledging energy saving benefits of LEDs, manufacturers have rolled out LED products which are Bluetooth enabled and can be controlled via an app without the requirement of an extra hub.

The rising trend has been smart lighting as products that have done away with separate hubs penetrate into the market. Dimming has been regarded as the most likely promise for smart lighting products.

Residential Lighting Fixtures Market: Report Content

Qualitative and quantitative analysis underpin insightful report on the residential lighting fixtures market. Nevertheless, the report comprehensively elucidates facets of the market that are expected to have palpable impact on the growth of the residential lighting fixtures market. Those facets include drivers, restraints, opportunities and trends. Further, the report delineates segmentation of the market which aims at offering a thorough analysis on residential lighting fixtures.

A deep-dive and insightful analysis of the competitive landscape of the residential lighting fixtures market counts on Porters’ Five Force Analysis. Furthermore, the Porters’ Five Force Analysis provides an exhaustive analysis on the likely strategies of the leading players in the residential lighting fixtures market. Moreover, the business strategies hinges upon product portfolio, company overview, SWOT analysis, recent development and key differentiation.

Residential Lighting Fixtures Market: Research Methodology

Primary research and secondary research accentuate insightful report on residential lighting fixtures market, which provide in-depth assessment on the market. Accordingly, the report offers unbiased and reliable projections, and analysis that have considerable bearing on the historical data and market size. In addition, the report is based on primary sources which is propelled by in-depth and intelligent analysis from telephonic interview, well-ground experts, and exhaustive insights from seasoned analyst and surveys. On the other hand, the secondary sources hugely depends on press release, Factiva, trade journals, EC filing, governmental websites and resourceful database.  

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