Smart, Stylish, Sustainable: The Evolution of Decorative Lighting in 2024 and Beyond

In 2023, Decorative Lighting Market Size was estimated to be worth USD 38.6 billion. The market for decorative lighting is anticipated to expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2032, from USD 40.0 billion to USD 52.6 billion. The main factors driving the market's expansion are designers' product modifications, high-end consumers embracing these improvements, and a growing awareness of the significance of lighting in establishing a space's ambiance.