Pendant Chandeliers Market – A decorative hanging light fixture
- Pendant chandelier is a decorative hanging light. It is a singular light fixture suspended from ceiling by metal chain, rod, or chord.
- Pendant chandeliers are also known as pendant lights. These chandeliers are used in home décor and are gaining popularity.
- They enhance the aesthetic value of interior and exterior spaces of a house. Pendant chandeliers can be used standalone or be grouped into multiple and complementary fixtures to furnish additional lighting and home décor.
- These chandeliers are available in a wide variety of styles and shapes. Rise in disposable income and change in consumer preferences have expanded the pendant chandelier market in the past few years.
Demand for Energy Efficient Lights to Drive Pendant Chandeliers Market
- There has been a growing demand for energy efficient lights to save cost and power. The pendant chandeliers market is likely to expand gradually, owing to a significant increase in demand for energy efficient lights. Rise in preference for modern lighting has replaced traditional incandescent lights. Furthermore, due to the development of smart homes, there is an increased adoption of smart light bulbs.
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Innovation and Technological Advancements in Products to Drive Pendant Chandeliers Market
- Lighting unit is an important component in home décor and consumers majorly prefer innovative products. The demand for brightness controllable or dimmable lights has manifested a significant rise in the usage of various lighting appliances. Moreover, the demand for pendant lights is growing, as they offer elegant and attractive look. Moreover, there is likely to be a demand for pendant chandeliers for use in residential houses and restaurants. Products with different shapes and structures attract consumers. Thus, the product with innovative designs and attractive features would be in greater demand.
North America to Hold a Leading Share of Global Pendant Chandeliers Market
- Geographically, the global Pendant Chandeliers market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the Pendant Chandeliers market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the Pendant Chandeliers market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America Pendant Chandeliers market is segmented into Brazil, and Rest of South America.
- North America dominates the market share due to growing disposable incomes and changing consumer preference for home décor.
- Also, Europe is anticipated to grow at a fastest CAGR growth rate during the forecast period. Rising demand of fancy lights to drive product innovation and launches in the region.
Key Players Operating in the Pendant Chandeliers Market:
The Pendant Chandeliers market is competitive with several global and regional players. Major players are adopting various strategies, such as energy efficient lights and innovative designs of chandeliers to enhance their position in the market.
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Companies are focusing on manufacturing various types of products according to the themes like traditional, modern, contemporary, etc. For instance, James R. Moder Crystal Chandelier Inc, the manufacturer of pendant chandeliers are manufactured under the brand name – Bond Heating. James R. Moder Crystal Chandelier Inc distributes its products in over 46 countries globally, The company’s products include contemporary collection, Europa collection, Tekno Mini collection, cascade collection, Sun Sphere collection, Florale collection.
The other few of the key players operating in the global Pendant Chandeliers market are:
- Hubbell
- OMS spol. s r.o
- Zhongshan Fusida Lighting Co., Ltd
- D.M Luce SRL
- Kenroy Home
- Gemini Cut Glass Company, Inc.
- Kurt Faustig KG
- J.R.LIGGETT LTD
- NEWAY LIGHTING CO.,LTD
- Apeucs Lighting Ideas
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