Lamps & Lighting - Switzerland

Switzerland

In Switzerland, the revenue generated in the Lamps & Lighting market is projected to reach €557.70m in 2024.
It is anticipated that the market will experience an annual growth rate of 0.80% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads in terms of revenue, with €29,330m generated in 2024.
When considering the population size, the per person revenue in Switzerland is estimated to be €63.01 in 2024.
Despite its small size, Switzerland has a booming market for high-end designer lamps and lighting fixtures.

Key regions: Brazil, China, Denmark, United Kingdom, Worldwide

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Lamps & Lighting market in Switzerland has been experiencing steady growth in recent years, driven by changing customer preferences and the introduction of innovative lighting technologies.

Customer preferences: in the Lamps & Lighting market in Switzerland have shifted towards energy-efficient and sustainable lighting solutions. Consumers are increasingly conscious of the environmental impact of their choices and are opting for led lights, which consume less energy and have a longer lifespan compared to traditional incandescent bulbs. led lights are also known for their versatility, as they can be easily dimmed and customized to create different lighting effects. Additionally, there is a growing demand for smart lighting systems that can be controlled remotely through smartphones or voice assistants. One of the key trends in the Lamps & Lighting market in Switzerland is the integration of lighting with smart home technology. With the rise of smart home devices, consumers are looking for lighting solutions that can be seamlessly integrated into their existing smart home ecosystems. This includes features such as voice control, motion sensors, and the ability to synchronize lighting with other smart devices in the home. The demand for smart lighting systems is expected to continue growing in the coming years as more consumers embrace the convenience and energy-saving benefits of smart home technology. Another trend in the Lamps & Lighting market in Switzerland is the increasing adoption of human-centric lighting. human-centric lighting refers to lighting solutions that are designed to mimic natural light patterns and promote well-being. These lighting systems can adjust their color temperature and intensity throughout the day to align with the body's natural circadian rhythms. This trend is driven by the growing awareness of the impact of lighting on human health and productivity. Local special circumstances in Switzerland also contribute to the development of the Lamps & Lighting market. Switzerland has a high standard of living and a strong focus on sustainability, which aligns with the demand for energy-efficient lighting solutions. The country also has a well-developed infrastructure and a high level of technological innovation, which supports the adoption of smart lighting systems. Additionally, the Swiss government has implemented policies and regulations to promote energy efficiency, which further drives the demand for energy-efficient lighting solutions. Underlying macroeconomic factors, such as the growing construction industry and the increasing urbanization rate in Switzerland, also contribute to the growth of the Lamps & Lighting market. As more buildings are constructed and renovated, there is a higher demand for lighting products. The urbanization trend also leads to a higher concentration of population in cities, which creates opportunities for lighting solutions in public spaces, commercial buildings, and residential areas. In conclusion, the Lamps & Lighting market in Switzerland is experiencing growth due to changing customer preferences, including a shift towards energy-efficient and sustainable lighting solutions, as well as the integration of lighting with smart home technology. The increasing adoption of human-centric lighting and the

Local special circumstances: in Switzerland, such as the focus on sustainability and the supportive infrastructure, further contribute to the market development. The

Underlying macroeconomic factors: such as the growth of the construction industry and urbanization, also drive the demand for lighting products in Switzerland.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.