Home lighting is a big deal. It’s not just about finding the right light bulbs anymore. Now, there are all sorts of different lighting options to choose from, and the industry is only getting bigger. With an annual 1.1% growth rate, the industry made $43,673 million in 2019 alone. Here are five reasons why the home lighting industry is growing.
1. Increasing Home Value
One of the main reasons why home lighting is growing so rapidly is because home values are on the rise. As home values increase, so does the demand for better and more stylish home lighting. This is especially true in larger homes where lighting can make a difference in the overall look and feel of the property.
2. Technology
Technology has led to the development of new and innovative home lighting products that are more stylish and user-friendly than ever before. One technical advancement involves the use of smart home devices that can be controlled remotely via a smartphone or tablet. This allows homeowners to have more control over their home lighting, regardless of where they are in or outside the home.
3. Sustainability
As people become more aware of the importance of sustainability, they are increasingly looking for home lighting products that are more eco-friendly. This means that home lighting companies are under pressure to create products that use less energy and have a smaller environmental impact.
4. Health and Wellness
Lighting affects our mood and our overall health, so it’s no surprise that home lighting companies are increasingly focusing on creating products that promote health and wellness. This includes home lighting that mimics natural light, as well as fixtures that can improve your sleeping habits.
5. Customization
Homeowners are looking for ways to make their homes more unique, and lighting is one way to do that. More and more home lighting companies are offering customizable options that allow homeowners to create a home lighting scheme that is unique to their home.
These are just a few of the reasons why home lighting is such a growing industry. As home values continue to rise, and as our technology and awareness advance, we can only expect the home lighting industry to grow even more. Check out Premier Lighting online or in person for your home lighting needs today!
