Lighting Fixtures Industry with History - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2021
 |
| Lighting Fixtures |
Albany, New York, Apr 13, 2017
"Lighting
Fixtures Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2017 - 2021"
The Report covers current Industries Trends, Worldwide Analysis,
Global Forecast, Review, Share, Size, Growth, Effect.
Description-
Lighting
fixtures serves the purpose of illumination or lighting by utilizing
different source of lighting technology. In 2017, general lighting
industry commands about 20% of the global electricity consumption.
Over the past few years, lighting market have seen a gradual
transition from traditional or inefficient lighting technology to
more energy efficient lighting such as solid state lighting.
Additionally, government regulations on sustainable energy
consumption is driving technology advanced lighting fixtures such as
LED lighting fixtures primarily in developed regions such as Europe
and North America. Moreover, need for high energy efficiency,
durability and better light quality is driving the demand for
advanced lighting fixtures, retrofitting traditional lighting
fixtures.
The
growth of lighting fixtures market is attributed to the surge in
construction industry worldwide. Increasing investment in
infrastructure development in residential, commercial and industrial
sectors is driving the lighting fixtures market growth. Escalating
urbanization, rising per capita income and growing awareness of
energy efficiency among customers is leading to replacement of
traditional lighting fixtures with advanced lighting fixtures.
Additionally, demand for advanced design, compatibility and
flexibility is leading to increasing installation of lighting
fixtures, further aiding the market growth during the forecast
period.
The major factor restraining the growth of
lighting fixtures market is due to high initial investment required
upfront for installation of new lighting fixtures and also
replacement of traditional lighting fixtures. Due to this factor,
small and medium scale enterprises are often reluctant to install new
lighting fixtures in indoors. Moreover, involvement of different
professionals including architects, lighting designers and engineers,
is making the buying decision process more complex. This in turn is
further restraining the growth of lighting fixtures market.
Industrial and commercial application segment held
the majority of the global lighting fixtures market in 2014 and is
expected to maintain its dominance during the forecast period. Growth
of industrial and commercial segment is attributed to the rising
demand for energy efficient lighting fixtures such as LED lighting
fixtures aimed at reducing energy consumption. Additionally,
government regulations and policies for sustainable energy
consumption is further driving the demand for advanced lighting in
industrial and commercial sector.
This market research study analyzes the lighting
fixtures market globally and provides estimates in terms of revenue
(USD Billion) from 2017 to 2021. It recognizes the drivers,
restraints and opportunities affecting the industry and analyzes
their impact over the forecast period.
By geography, market is segmented into Europe,
North America, Asia-Pacific (APAC), and Rest of the World (RoW).. In
addition, the report segments the market based on the product type,
which include ceiling, pendant and chandelier, wall mounted,
recessed, portable, high bay and low bay, and others. Others product
type segment includes emergency lighting, track, lighting and fan. It
also segments the market on the basis of application as industrial
and commercial, residential, outdoor, architectural and others.
Others application segment include automotive, aerospace and
machinery. All these segments have also been estimated on the basis
of geography.
For better understanding of the lighting fixtures
market, we have given key market trends. Furthermore, the study
comprises a market attractiveness analysis, where the applications
are benchmarked based on their market scope, growth rate and general
attractiveness.
The report provides company market share analysis
of various industry participants. The key players have also been
profiled on the basis of company overview, financial overview,
business strategies, and the recent developments in the field of
lighting fixtures. Major market participants profiled in this report
include Acuity Brands, Inc. (U.S.), Cooper Lighting, LLC (U.S.),
General Electric Company (U.S.), Hubbell Lighting, Inc. (U.S.) and
Koninklijke Philips N.V. (Netherlands) among others.
– Global Lighting Fixtures Market: By
Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Rest of Asia Pacific
- Rest of the World
- Latin America
- Middle East
- Africa
– Global Lighting Fixtures Market: By
Product Type
- Ceiling, Pendant and Chandelier
- Wall Mounted
- Recessed
- Portable
- High Bay and Low Bay
- Others (Emergency Lighting, Track Lighting and Fan)
– Global Lighting Fixtures Market: By
Application
- Industrial and Commercial
- Residential
- Outdoor
- Architectural
- Others (Automotive, Aerospace and Machinery)
– The report provides a cross-sectional
analysis of all the above segments with respect to the following
regions:
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Comments
Post a Comment