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The decorative lighting market size is forecast to increase by USD 8.65 billion at a CAGR of 4.52% between 2023 and 2028. The market is experiencing significant growth, driven by several key factors. Firstly, there is a trend towards premiumization in lighting product design, as consumers seek high-quality, aesthetically pleasing options for their homes and businesses. Secondly, there is a growing demand for energy-efficient products, as sustainability becomes a priority for many individuals and organizations. Lastly, the development of smart cities is creating new opportunities, as these systems integrate advanced technology to enhance the visual appeal and functionality of urban spaces. These factors are collectively driving the growth of the market. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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