An Overview of Decorative Lighting Market Size and Regional Growth
📊 Market Landscape & Size
The global decorative lighting market is sizable and expanding steadily, with current estimates placing it between USD 30–35 billion, and expected to grow to USD 45–50 billion by around 2030, reflecting a strong compound annual growth rate. Growth is fueled by rising consumer demand for mood-enhancing interiors, lifestyle-centric home décor, and commercial ambiance solutions across residential, hospitality, retail, and professional spaces.
🌟 Key Growth Drivers
Residential Renovation & Aesthetic Living Consumers are increasingly investing in decorative lighting fixtures pendants, chandeliers, wall sconces, and LED strips to elevate home aesthetics. Smart lighting trends and color-changing designs have become popular in both new builds and remodeling projects.
Hospitality & Commercial Design Focus Hotels, restaurants, offices, and experiential retail spaces regularly incorporate designer lighting to create memorable environments. Architectural and accent lighting projects have uplifted spending in commercial installations.
Smart Lighting & Connected Solutions Integration of voice control, mobile app…