Residential Lighting Fixtures Market Projected To Raise At USD 21.17 Billion By 2025
San Francisco, 31 May 2024: The Report Residential Lighting Fixtures Market Size Report, By Source (Fluorescent, LED & OLED), By Product (Ceiling, Pendant & Chandeliers), By Distribution Channel, By Region, And Segment Forecasts, 2019 - 2025 The global residential lighting fixtures market size is expected to reach USD 21.17 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.9% during the forecast period. The rapid replacement of traditional lights with more energy-efficient and economical lighting fixtures is expected to remain a prominent trend. Furthermore, rising middle-class population in developing countries including China, India, Bangladesh, and Philippines as a result of urban development and increasing number of employment opportunities is projected to have a positive impact on the market. The Light-emitting Diodes and Organic Light-emitting Diode (LED & OLED) led the market in 2018, contributing t