The global decorative lighting market was valued at USD 32.5 billion in 2022, growing at a CAGR of 3.5% from 2023 to 2032. The market is expected to reach USD 45.8 billion by 2032. Using lighting to create a mood and encourage using different lighting fixtures drives the decorative lighting market. These lights create a visually dynamic space, which manipulates the room's actual size. Appropriate lighting and fixtures also give a space a pleasing appearance.
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