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According to our latest market study, titled “Kitchen Lighting Market “Increasing proliferation of LEDs in kitchen lighting, and an increase in the number of residential construction projects are all contributing to the growth of the kitchen lighting market worldwide. A boom in interest in home repair and remodeling activities, particularly in urban countries, boosts demand for kitchen lighting. Furthermore, consumers’ tendency to spend on interiors has drawn their attention to home furnishing items such as carpets, rugs, and modern and stylish lighting systems. This shift in focus is supported by rising income levels, changing lifestyles, and new interior designs. The significance and rising popularity of kitchen remodeling in renovation projects are creating a huge demand for kitchen lighting. For instance, according to The Hanover’s 2021 Home Renovation report, more than half (54%) of homeowners in the US made home renovations during the pandemic. According to the report, the most popular home renovation projects during the pandemic were kitchen and bathroom, comprising around 68% of the total renovation projects

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List Of TOP KEY PLAYERS in Kitchen Lighting Market Report are –

Panasonic Corporation; Signify Holding; ACUITY BRANDS LIGHTING, INC; OSRAM GmbH; and Hubbell – are Prominent Market Participants in Kitchen lighting Market

With the continuously growing access to the internet in many regions, the e-commerce industry is flourishing rapidly. Although the US has the largest e-commerce business, the e-commerce for lighting fixtures is expanding at a high pace in India and China. Wholesalers control the majority of global e-commerce sales. Rexel operates dozens of e-commerce sites throughout North America, Europe, and Asia-Pacific. E-tailers, including the global e-commerce platforms such as Amazon and Alibaba; specialized lighting websites such as Lampenwelt; and furniture websites are the fastest expanding segments of the e-commerce business. Manufacturers, distributors, and retailers are experimenting with new ways for making online sales while maintaining a consistent and personalized client experience.

The kitchen lighting market is segmented on the basis of type, source, product, and geography. Based on type, the market is segmented into general kitchen lighting, task kitchen lighting, and decorative kitchen lighting. Based on source, the market is segmented into fluorescent, LED, and OLED. 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 terms of geography, the market is primarily divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

The top five companies in the market are Panasonic Corporation; Signify Holding; ACUITY BRANDS LIGHTING, INC; OSRAM GmbH; and Hubbell. The above listing of key players is derived by considering multiple factors such as overall revenue, current kitchen lighting portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities

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Based on type, the kitchen lighting market is segmented into general kitchen lighting, task kitchen lighting, and decorative kitchen lighting. The general kitchen lighting segment accounted for the largest share in kitchen lighting market in 2020. The majority of the population has limited concerns about kitchen lighting or is less aware of the importance of task lighting. Thus, the general lighting segment dominates the market.

On the basis of source, the global kitchen lighting market is segmented into fluorescent, LED, and OLED. The LED and OLED segment accounted for the largest market share in 2020 due to the increasing demand for energy-efficient lighting globally. The importance of LED lighting has increased significantly in the past few years due to its cost saving benefits.

On the basis of product, the market is segmented into island lights, pendant lights, ceiling lights, chandeliers, track lighting, under cabinet lighting, and others. The ceiling lights segment accounted for the largest market share in 2020. . The ceiling lights dominate the market as they are the necessary lighting used in residential constructions. However, the rise in kitchen remodeling and decoration spending has significantly created a demand for under cabinet lighting and pendant lighting

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With tables and figures, helping analyze worldwide Global Kitchen Lighting Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Market.

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