Recessed Lighting Market Share

Global Recessed Lighting Market Overview

Recessed Lighting Market Size was valued at USD 69.00 Billion in 2023. The Recessed Lighting industry is projected to grow from USD 78.32 Billion in 2024 to USD 190.04 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.72% during the forecast period (2024 - 2032). Energy effectiveness, cost savings, flexibility in terms of aesthetics and design, better lighting quality, and technological advancements, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Recessed Lighting Market Trends

• 
  

  Increased lighting requirements is driving the market growth

  
  

The market for recessed lighting has seen rapid expansion and is anticipated to do so in the years to come. A sleek and inconspicuous lighting solution, recessed lighting refers to fixtures that are fitted flush with ceilings or walls. Energy efficiency, cost savings, aesthetics, illumination quality, technical improvements, construction activity, and government initiatives are some of the major drivers driving the market. Recessed lighting is becoming more popular as a result of its energy efficiency. The LED technology used in these fixtures uses less energy than conventional lighting sources. The need for energy-efficient lighting solutions has increased as a result of the focus on sustainability and energy conservation, which is propelling the market for recess lighting. Cost reductions also aid in the market's expansion. Recessed lighting fixtures powered by LEDs have a longer lifespan and require less upkeep, which saves both consumers and companies money overall. Recessed lighting is a desirable option, particularly in commercial settings where lighting is required for lengthy periods of time due to its lower energy usage and longer lifespan. Recessed lighting fixtures' attractiveness and design adaptability have increased their appeal. Architects, interior designers, and homeowners favour these fixtures because of their sleek, minimalist appearance. Recessed lighting fixtures can also be modified in terms of Recessed Lighting size, shape, and colour, providing design versatility in a variety of locations and applications.

Another important factor propelling the market for recessed lighting is improved illumination quality. These lighting fixtures provide homogeneous, directional lighting that improves visibility and lessens glare. Recessed lighting is adaptable and excellent for both general illumination and accent lighting since it may be directed precisely where it is needed. The market for recessed lighting has expanded significantly as a result of technological developments. The efficiency, affordability, and adaptability of LED lighting technology have increased over time, leading to a greater selection of recessed lighting solutions. Recessed lighting has become more popular and in demand due to the incorporation of smart lighting features including dimming capabilities and connection with home automation systems. The market for recessed lighting has grown as a result of the expansion and refurbishment of the worldwide building industry. Due to its contemporary appeal, adaptability, and energy-saving advantages, recessed lighting is frequently used in new construction and restoration projects. Thus, driving the Recessed Lighting market revenue.

Recessed Lighting Market Segment Insights

Recessed Lighting Components Insights

The Recessed Lighting market segmentation, based on components includes trim, housing and bulb. The bulb segment dominated the market, accounting for 47.25% of market revenue. Bulbs are now the favoured option thanks to developments in lighting technology because of their energy efficiency, longer lifespan, and versatility. Bulbs offer a wide range of colour temperatures and dimming options, use less energy, and produce less heat.

Recessed Lighting Frame Types Insights

The Recessed Lighting market segmentation, based on frame types, includes aluminum, steel, plastic and others. The aluminum segment dominated the market, accounting for 42.25% of market revenue. Excellent thermal management provided by aluminium frames ensures that the fixture performs effectively and increases the components' lifespan.

Recessed Lighting Frame Application Insights

The Recessed Lighting market segmentation, based on application, includes commercial, residential and others. The commercial segment dominated the market, accounting for 57.23% of market revenue. As these places frequently have extensive lighting installations and a high need for dependable and high-quality lighting solutions, the commercial subsegment is a primary driver of the recessed lighting market.

Figure 1:  Recessed Lighting Market, by Application, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Recessed Lighting Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Recessed Lighting Market dominated this market in 2022 (45.80%). The market is driven by elements including the presence of well-established building and renovation projects, growing emphasis on energy conservation, and significant adoption of cutting-edge lighting technology. Further, the U.S. Recessed Lighting market held the largest market share, and the Canada Armor Materials market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  RECESSED LIGHTING MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Recessed Lighting market accounts for the second-largest market share. Regulations requiring high levels of energy efficiency, a focus on environmentally friendly building techniques, and rising LED lighting awareness are some of the drivers driving this market. Further, the German Recessed Lighting market held the largest market share, and the UK Recessed Lighting market was the fastest growing market in the European region

The Asia-Pacific Recessed Lighting Market is expected to grow at the fastest CAGR from 2023 to 2032. Rapid infrastructural growth, urbanisation, and an increased emphasis on energy efficiency are all occurring in the area. Moreover, China’s Recessed Lighting market held the largest market share, and the Indian Recessed Lighting market was the fastest growing market in the Asia-Pacific region.

Recessed Lighting Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Recessed Lighting market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Recessed Lighting industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Recessed Lighting industry to benefit clients and increase the market sector. In recent years, the Recessed Lighting industry has offered some of the most significant advantages to medicine. Major players in the Recessed Lighting market, including Osram GmbH, Elegant Lighting Inc, Philips Lighting Holding B.V.Halo Commercial, Cree Inc., Globe Electric, Acuity Brands Lighting Inc, General Electric Company, Eterna Lighting Ltd., Herbert Waldmann GmbH & Co.KG, and others, are attempting to increase market demand by investing in research and development operations.

Osram GmbH is a renowned company operating in the field of lighting solutions, including recessed lighting. German-based Osram, which was founded in 1919, has made a name for itself as a top supplier of cutting-edge lighting solutions and products all over the world. The business specialises in many different lighting technologies, such as LED, fluorescent, and conventional lighting sources.Osram contributes significantly to the  recessed lighting market by providing a wide range of recessed lighting fixtures that are tailored to different applications and consumer needs. Recessed lighting from the brand is renowned for its energy effectiveness, excellent illumination quality, and design versatility. The needs of both the residential and commercial sectors are catered to by Osram's recessed lighting product offerings. The business's emphasis on R&D enables it to consistently introduce cutting-edge technology and developments in the lighting industry. Osram's dedication to sustainability is evident in its energy-saving products, which support the expanding market for environmentally friendly lighting options.

Elegant Lighting Inc is a prominent company in the recessed lighting market. Elegant Lighting is a U.S.-based company that specialises in offering superior, stylish, and cutting-edge lighting solutions for both residential and commercial applications. A broad variety of recessed lighting fixtures are available from the company, which is renowned for its stunning designs, excellent craftsmanship, and cutting-edge lighting technologies.Recessed lighting items from Elegant Lighting are highly sought after because of their visual appeal, which adds a posh and opulent atmosphere to any room. The business focuses on fusing style and functionality, creating adaptable designs that go well with a variety of interior designs and architectural styles. Elegant Lighting uses LED technology in its recessed lighting solutions as part of its commitment to energy saving, offering durable illumination while consuming less energy. The business places a strong emphasis on lighting quality, making sure that there is consistent, glare-free lighting that improves visibility and ambiance.

Key Companies in the Recessed Lighting market include

• Osram GmbH


• Elegant Lighting Inc


• Philips Lighting Holding B.V.


• Halo Commercial, Cree Inc.


• Globe Electric


• Acuity Brands Lighting Inc


• General Electric Company


• Eterna Lighting Ltd.


• Herbert Waldmann GmbH & Co.KG

Recessed Lighting Industry Developments

September 2019-New LiDAR (Light Detection and Ranging) lasers were introduced by OSRAM and will be used in driverless vehicles. Drivers will have no trouble seeing farther out thanks to these latest LiDARs.

Recessed Lighting Market Segmentation

Recessed Lighting Components Outlook

• Trim


• Housing


• Bulb

Recessed Lighting Frame Types Outlook

• Aluminum


• Steel


• Plastic


• others

Recessed Lighting Application Outlook

• Commercial


• Residential


• others

Recessed Lighting Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America