Global Professional Luminaires Market 2016-2020

Published: August 2016
No. of Pages: 98
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Luminaires based on LED and conventional light sources include CFL, fluorescent lamps, halogen, HID, and incandescent. LED-based luminaires will account for the largest market share because of their energy efficiency and low operational costs. An LED light bulb on an average consumes 30%-50% less power than a conventional light bulb. In addition, LED bulbs are eco-friendly as they do not contain mercury. The global professional luminaires market is expected to grow at a CAGR of 3.85% during the forecast period, with the majority of demand coming from the residential and commercial segments. In 2015, APAC accounted for 48.49% of the global professional luminaires market.

The analysts forecast global professional luminaires market to grow at a CAGR of 3.85% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global professional luminaires market for 2016-2020. The annual installations of new as well as replacement professional luminaires at market price in various end-user segments have been considered in determining the market size.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

The report, Global Professional Luminaires Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

  • Acuity Brands Inc.
  • GE Lighting
  • OSRAM Gmbh
  • Panasonic Corp.
  • Koninklijke Philips N.V.

Market driver

  • Increase in urbanization
  • For a full, detailed list, view our report

Market challenge

  • Long payback period
  • For a full, detailed list, view our report

Market trend

  • Growing demand for architectural lighting fixtures
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Published By: Technavio
Product Code: Infiniti Research Limited12779

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