Global Hospitality Lighting market cagr 6.7%

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Hospitality Lighting Market

Hospitality Lighting Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031

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Hospitality Lighting Market Size and Growth

The global hospitality lighting market is projected to reach a size of $6.5 billion by 2025, with a CAGR of 6.3%. Growing demand for energy-efficient lighting solutions in hotels, restaurants, and other hospitality establishments is driving market growth. Key players include Philips, Acuity Brands, Eaton, and OSRAM.

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Companies Covered (Covid 19 Impact Covered)

◍ Color Kinetics (Signify)

◍ LumenPulse

◍ ROBE

◍ Golden Sea

◍ MLS CO., LTD

◍ Seascape Lamps

◍ Philips

◍ GTD Lighting

◍ Altman Lighting

◍ Clay Paky (Osram)

◍ Martin Professional

◍ Traxon (OSRAM)

◍ Guangzhou ChaiYi Light CO., Ltd,

◍ Chauvet

◍ PR Light

◍ Yajiang Photoelectric

◍ ACME

◍ Elation Lighting Inc.

The competitive landscape of the Hospitality Lighting Market includes key players such as Color Kinetics (Signify), LumenPulse, ROBE, Golden Sea, MLS CO., LTD, Seascape Lamps, Philips, GTD Lighting, Altman Lighting, Clay Paky (Osram), Martin Professional, Traxon (OSRAM), Guangzhou ChaiYi Light CO., Ltd, Chauvet, PR Light, Yajiang Photoelectric, ACME, Elation Lighting Inc., Robert juliat, GVA lighting, and Acclaim Lighting. These companies provide innovative lighting solutions for the hospitality industry, helping to enhance ambience and create unique experiences for customers. Philips and Signify reported sales revenue of $19.5 billion and $7.7 billion respectively in 2020.

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Market Segmentation

By Application

◍ Hospitality

◍ Hotels

◍ Resorts

◍ Restaurants

◍ Others

By Product

◍ Chandeliers

◍ Ceiling Lights

◍ Table & Floor Lamps

◍ Wall Lights

◍ Outdoor Lights

◍ Furniture Lights

◍ Others

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Market Growth

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$ X Billion USD

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