Under cabinet lighting is primarily used in kitchen areas owing to its cost-effectiveness, especially considering the overall cost of raw materials. Rising consumer expenditure on interior decoration is driving the demand for under cabinet lighting. In addition to this, the growing use of under cabinet lighting in the hospitality industry is contributing to the growth of the market. Under cabinet lighting is more effective as it eliminates shadow and has a sharp focus.
Based on revenue, the global under cabinet market was valued at US$ 1,589.6 Mn in the year 2018 and is expected to reach US$ 2,078.4 Mn by 2026, growing with a CAGR of 3.4% during the forecast period. The global under cabinet lighting market is driven by growing consumer spending on interior designing, owing to rising disposable income. In addition to this, government initiatives to promote the use of energy-efficient lights in the residential sector are expected to generate demand for under cabinet lighting.
However, high costs associated with energy-efficient lightings will restrict the demand for under cabinet lights, as consumers prefer to use low cost, energy-inefficient lights. Moreover, the rising demand for energy efficient lighting from emerging economies due to the growing construction industry is expected to boost the demand for under cabinet lighting. The rising demand for Internet of Things (IoT) for connected devices will further accelerate the market demand during the forecast period.
By Light Source Type
By Shape
By Installation
By Voltage
By End-Use
The global under cabinet lighting market is segmented on the basis of light source type, shape, installation, voltage, and end-use. On the basis of light source type, the market is categorized as incandescent, fluorescent, LED, and xenon. LED light source type dominated the under cabinet lighting market in the year 2018 with a significant market share and is expected to show similar trends during the forecast period.
LED saves energy by 75% and lasts 25 times longer as compared to other light sources such as incandescent lighting. This is driving the market demand for LED as a light source for under cabinet lighting. Various initiatives such as ‘domestic efficient lighting program’ were launched on 1st May 2015 by the government of India to introduce energy-efficient alternatives. Government rules and regulations to promote energy-efficient lighting and new product development are driving the market demand for the LED light source. Based on regions, North America dominated the under-cabinet lighting market in the year 2018, with the U.S. contributing a major share in the region.
Region:
North America
Europe
Asia Pacific
LATAM
Middle East Africa
Key players in the market
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Table of Content
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.4.1 Top-Down Approach
1.3.4.2 Bottom-Up Approach
1.3.5 Assumptions
1.4 Market Segmentation Scope
Chapter 2 Executive Summary
2.1 Market Summary
2.1.1 Global Under Cabinet Lighting Market, 2016-2026, (Thousand Units) (US$ Mn)
2.1 Market Snapshot: Global Under Cabinet Lighting Market
2.2 Market Dynamics
2.3 Global Under Cabinet Lighting Market, by Segment, 2018
2.3.1 Global Under Cabinet Lighting Market, by Light Source Type, 2018, (Thousand Units) (US$ Mn)
2.3.2 Global Under Cabinet Lighting Market, by Shape, 2018, (Thousand Units) (US$ Mn)
2.3.3 Global Under Cabinet Lighting Market, by Installation, 2018 (Thousand Units) (US$ Mn)
2.3.4 Global Under Cabinet Lighting Market, by Voltage, 2018 (Thousand Units) (US$ Mn)
2.3.5 Global Under Cabinet Lighting Market, by End-use, 2018 (Thousand Units) (US$ Mn)
2.3.6 Global Under Cabinet Lighting Market, by Region, 2018 (Thousand Units) (US$ Mn)
2.4 Premium Insights
2.4.1 Under Cabinet Lighting Market in Developed Vs. Developing Economies, 2018 vs 2023
2.4.2 Global Under Cabinet Lighting Market: Regional Life Cycle Analysis
Chapter 3 Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Growing demand for interior designs coupled with rising consumer income
3.2.2 Driver 2
3.3 Market Restraints
3.3.1 High Cost of Energy Efficient Lighting
3.4 Market Opportunities
3.4.1 IoT connected under cabinet lighting
3.4.2 Opportunity 2
3.5 Industry SWOT Analysis
Chapter 4 Global Under Cabinet Lighting Market, by Light Source Type
4.1 Market Overview, by Light Source Type
4.1.1 Global Under Cabinet Lighting Market, by Light Source Type, 2016-2026 (Thousand Units) (US$ Mn)
4.1.2 Incremental Opportunity, by Light Source Type, From 2018-2026
4.2 Incandescent
4.2.1 Global Under Cabinet Lighting Market, by Incandescent, 2016-2026, (Thousand Units) (US$ Mn)
4.3 Fluorescent
4.3.1 Global Under Cabinet Lighting Market, by Fluorescent, 2016-2026, (Thousand Units) (US$ Mn)
4.4 LED
4.4.1 Global Under Cabinet Lighting Market, by LED, 2016-2026, (Thousand Units) (US$ Mn)
4.1 Xenon
4.1.1 Global Under Cabinet Lighting Market, by Xenon, 2016-2026, (Thousand Units) (US$ Mn)
Chapter 5 Global Under Cabinet Lighting Market, by Shape
5.1 Market Overview, by Shape
5.1.1 Global Under Cabinet Lighting Market, by Shape, 2016-2026 (Thousand Units) (US$ Mn)
5.1.2 Incremental Opportunity, by Shape, From 2018-2026
5.2 Light Bars
5.2.1 Global Under Cabinet Lighting Market, by Light Bars, 2016-2026, (Thousand Units) (US$ Mn)
5.3 Puck Lights
5.3.1 Global Under Cabinet Lighting Market, by Puck Lights, 2016-2026, (Thousand Units) (US$ Mn)
5.4 Tape Lights
5.4.1 Global Under Cabinet Lighting Market, by Tape Lights, 2016-2026, (Thousand Units) (US$ Mn)
5.5 Others
5.5.1 Global Under Cabinet Lighting Market, by Others, 2016-2026, (Thousand Units) (US$ Mn)
Chapter 6 Global Under Cabinet Lighting Market, by Installation
6.1 Market Overview, by Installation
6.1.1 Global Under Cabinet Lighting Market, by Installation, 2016-2026 (Thousand Units) (US$ Mn)
6.1.2 Incremental Opportunity, by Installation, From 2018-2026
6.2 Surface Mounted
6.2.1 Global Under Cabinet Lighting Market, by Surface Mounted, 2016-2026, (Thousand Units) (US$ Mn)
6.3 Recessed
6.3.1 Global Under Cabinet Lighting Market, by Recessed, 2016-2026, (Thousand Units) (US$ Mn)
Chapter 7 Global Under Cabinet Lighting Market, by Voltage
7.1 Market Overview, by Voltage
7.1.1 Global Under Cabinet Lighting Market, by Voltage, 2016-2026 (Thousand Units) (US$ Mn)
7.1.2 Incremental Opportunity, by Voltage, From 2018-2026
7.2 Normal line voltage (120V)
7.2.1 Global Under Cabinet Lighting Market, by Normal line voltage (120V), 2016-2026, (Thousand Units) (US$ Mn)
7.3 Low Voltage (12V or 24V)
7.3.1 Global Under Cabinet Lighting Market, by Low Voltage (12V or 24V), 2016-2026, (Thousand Units) (US$ Mn)
Chapter 8 Global Under Cabinet Lighting Market, by End-use
8.1 Market Overview, by End-use
8.1.1 Global Under Cabinet Lighting Market, by End-use, 2016-2026 (Thousand Units) (US$ Mn)
8.1.2 Incremental Opportunity, by End-use, From 2018-2026
8.2 Residential
8.2.1 Global Under Cabinet Lighting Market, by Residential, 2016-2026, (Thousand Units) (US$ Mn)
8.3 Commercial
8.3.1 Global Under Cabinet Lighting Market, by Commercial, 2016-2026, (Thousand Units) (US$ Mn)
Chapter 9 Global Under Cabinet Lighting Market, by Region
9.1 Market Overview, by Region
9.1.1 Global Under Cabinet Lighting Market, by Region, 2016-2026, (Thousand Units) (US$ Mn)
9.2 Attractive Investment Opportunity, by Region, 2018
9.3 North America Under Cabinet Lighting Market
9.3.1 North America Under Cabinet Lighting Market, by Light Source Type, 2016-2026 (Thousand Units) (US$ Mn)
9.3.2 North America Under Cabinet Lighting Market, by Shape, 2016-2026 (Thousand Units) (US$ Mn)
9.3.3 North America Under Cabinet Lighting Market, by Installation, 2016-2026 (Thousand Units) (US$ Mn)
9.3.4 North America Under Cabinet Lighting Market, by Voltage, 2016-2026 (Thousand Units) (US$ Mn)
9.3.5 North America Under Cabinet Lighting Market, by End-use, 2016-2026 (Thousand Units) (US$ Mn)
9.3.6 United States
9.3.6.1 United States Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.3.7 Canada
9.3.7.1 Canada Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.4 Europe Under Cabinet Lighting Market
9.4.1 Europe Under Cabinet Lighting Market, by Light Source Type, 2016-2026 (Thousand Units) (US$ Mn)
9.4.2 Europe Under Cabinet Lighting Market, by Shape, 2016-2026 (Thousand Units) (US$ Mn)
9.4.3 Europe Under Cabinet Lighting Market, by Installation, 2016-2026 (Thousand Units) (US$ Mn)
9.4.4 Europe Under Cabinet Lighting Market, by Voltage, 2016-2026 (Thousand Units) (US$ Mn)
9.4.5 Europe Under Cabinet Lighting Market, by End-use, 2016-2026 (Thousand Units) (US$ Mn)
9.4.6 United Kingdom
9.4.6.1 United Kingdom Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.4.7 Germany
9.4.7.1 Germany Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.4.8 France
9.4.8.1 France Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.4.9 Rest of Europe
9.4.9.1 Rest of Europe Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.5 Asia Pacific Under Cabinet Lighting Market
9.5.1 Asia Pacific Under Cabinet Lighting Market, by Light Source Type, 2016-2026 (Thousand Units) (US$ Mn)
9.5.2 Asia Pacific Under Cabinet Lighting Market, by Shape, 2016-2026 (Thousand Units) (US$ Mn)
9.5.3 Asia Pacific Under Cabinet Lighting Market, by Installation, 2016-2026 (Thousand Units) (US$ Mn)
9.5.4 Asia Pacific Under Cabinet Lighting Market, by Voltage, 2016-2026 (Thousand Units) (US$ Mn)
9.5.5 Asia Pacific Under Cabinet Lighting Market, by End-use, 2016-2026 (Thousand Units) (US$ Mn)
9.5.6 China
9.5.6.1 China Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.5.7 Japan
9.5.7.1 Japan Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.5.8 India
9.5.8.1 India Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.5.9 Rest of Asia Pacific
9.5.9.1 Rest of Asia Pacific Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.6 Latin America Under Cabinet Lighting Market
9.6.1 Latin America Under Cabinet Lighting Market, by Light Source Type, 2016-2026 (Thousand Units) (US$ Mn)
9.6.2 Latin America Under Cabinet Lighting Market, by Shape, 2016-2026 (Thousand Units) (US$ Mn)
9.6.3 Latin America Under Cabinet Lighting Market, by Installation, 2016-2026 (Thousand Units) (US$ Mn)
9.6.4 Latin America Under Cabinet Lighting Market, by Voltage, 2016-2026 (Thousand Units) (US$ Mn)
9.6.5 Latin America Under Cabinet Lighting Market, by End-use, 2016-2026 (Thousand Units) (US$ Mn)
9.6.6 Brazil
9.6.6.1 Brazil Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.6.7 Mexico
9.6.7.1 Mexico Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.7 Middle East & Africa Under Cabinet Lighting Market
9.7.1 Middle East & Africa Under Cabinet Lighting Market, by Light Source Type, 2016-2026 (Thousand Units) (US$ Mn)
9.7.2 Middle East & Africa Under Cabinet Lighting Market, by Shape, 2016-2026 (Thousand Units) (US$ Mn)
9.7.3 Middle East & Africa Under Cabinet Lighting Market, by Installation, 2016-2026 (Thousand Units) (US$ Mn)
9.7.4 Middle East & Africa Under Cabinet Lighting Market, by Voltage, 2016-2026 (Thousand Units) (US$ Mn)
9.7.5 Middle East & Africa Under Cabinet Lighting Market, by End-use, 2016-2026 (Thousand Units) (US$ Mn)
9.7.6 GCC
9.7.6.1 GCC Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
9.7.7 Rest of Middle East & Africa
9.7.7.1 Rest of Middle East & Africa Under Cabinet Lighting Market, 2016-2026 (Thousand Units) (US$ Mn)
Chapter 10 Competitive Intelligence
10.1 Market Players Present in Market Life Cycle
10.2 Top 5 Players Comparison
10.3 Market Positioning of Key Players, 2018
10.4 Market Players Mapping
10.4.1 By Light Source Type
10.4.2 By Shape
10.4.3 By Installation
10.4.1 By Installation
10.4.2 By End-use
10.4.3 By Region
10.5 Strategies Adopted by Key Market Players
10.6 Recent Developments in the Market
10.6.1 Mergers & Acquisitions, Partnership, New Product Developments
10.7 Operational Efficiency Comparison by Key Players
Chapter 11 Company Profiles
11.1 Signify Holding
11.1.1 Signify Holding Overview
11.1.2 Signify Holding Products Portfolio
11.1.3 Signify Holding Financial Overview
11.1.4 Signify Holding News/Recent Developments
11.2 EATON CORPORATION plc.
11.2.1 EATON CORPORATION plc. Overview
11.2.2 EATON CORPORATION plc. Products Portfolio
11.2.3 EATON CORPORATION plc. Financial Overview
11.2.4 EATON CORPORATION plc. News/Recent Developments
11.3 Acuity Brands Lighting, Inc.
11.3.1 Acuity Brands Lighting, Inc. Overview
11.3.2 Acuity Brands Lighting, Inc. Products Portfolio
11.3.3 Acuity Brands Lighting, Inc. Financial Overview
11.3.4 Acuity Brands Lighting, Inc. News/Recent Developments
11.4 BLACK + DECKER Inc.
11.4.1 BLACK + DECKER Inc. Overview
11.4.2 BLACK + DECKER Inc. Products Portfolio
11.4.3 BLACK + DECKER Inc. Financial Overview
11.4.4 BLACK + DECKER Inc. News/Recent Developments
11.5 Cree Lighting
11.5.1 Cree Lighting Overview
11.5.2 Cree Lighting Products Portfolio
11.5.3 Cree Lighting Financial Overview
11.5.4 Cree Lighting News/Recent Developments
11.6 RDA Lighting Inc.
11.6.1 RDA Lighting Inc. Overview
11.6.2 RDA Lighting Inc. Products Portfolio
11.6.3 RDA Lighting Inc. Financial Overview
11.6.4 RDA Lighting Inc. News/Recent Developments
11.7 GE Lighting
11.7.1 GE Lighting Overview
11.7.2 GE Lighting Products Portfolio
11.7.3 GE Lighting Financial Overview
11.7.4 GE Lighting News/Recent Developments
11.8 GM Lighting Inc.
11.8.1 GM Lighting Inc. Overview
11.8.2 GM Lighting Inc. Products Portfolio
11.8.3 GM Lighting Inc. Financial Overview
11.8.4 GM Lighting Inc. News/Recent Developments
11.9 Hubbell Incorporated
11.9.1 Hubbell Incorporated Overview
11.9.2 Hubbell Incorporated Products Portfolio
11.9.3 Hubbell Incorporated Financial Overview
11.9.4 Hubbell Incorporated News/Recent Developments
11.10 LEDVANCE GmbH
11.10.1 LEDVANCE GmbH Overview
11.10.2 LEDVANCE GmbH Products Portfolio
11.10.3 LEDVANCE GmbH Financial Overview
11.10.4 LEDVANCE GmbH News/Recent Developments
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