Commercial Luminaire Market Share, Demand, Production & Regional Analysis to 2022
Commercial Luminaire Industry Report provides in-depth analysis of industry by Proposition, Development, Opportunistic Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key players, SWOT Analysis and Forecast.
Global Commercial Luminaire Market is expected to gain a steady CAGR in the forthcoming period. Adoption towards LEDs for general illumination is gaining much attention due to rise in its commercial value. LEDs produce light by different physical processes than conventional lighting sources. These do not use electrical filaments, electrodes, gaseous discharge processes to generate light. LEDs in fact, emit light through a process termed as solid-state electroluminescence in which the material emits lights in an optical and electrical phenomenon in response to the passage of an electric current or a strong electric field. There are multiple advantages to using LED technology in comparison with traditional incandescent, fluorescent or high-intensity (HID) sources. Average lifetime of an LED product is much longer which drastically reduces product replacement, maintenance and recycling costs. Secondly, LEDs are totally dimmable and long lasting and not affected by ON and OFF cycling thus making them suitable for lighting control solutions. Overall, the commercial luminaire market accounts for maximum growth owing to increasing adoption towards eco-friendly alternatives. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/commercial-luminaire-market
Driving factors responsible for the growth of the market includes demand for innovative lighting products and rise in commercial significance of luminaires. Also, increasing demand for LED light bulbs, dynamic energy and energy-efficient lighting solutions is likely to add to the market growth. Based on segmentation by type, the commercial luminaire market includes Halogen, HID, LFL, LED and CFL. Based on segmentation by application, the market includes hospital, retail, industrial and office. Based on segmentation by technology, the commercial luminaire industry includes traditional luminaires and LED luminaires. Based on segmentation by end-user, the commercial luminaire market includes commercial, architecture, industrial and outdoor. Geographically, commercial luminaire market spans North America, Latin America, Europe, AsiaPacific, Middle-East and Africa. APAC market dominates the global market owing to innovative products and manufacture of novel lighting for residential and commercial purpose. North America and Europe market is also gaining a positive traction owing to presence of big players and the need for LED lighting. MEA regions are however, expected to gain an above moderate CAGR growth owing to rise in the forthcoming years owing to untapped potential for market growth in these regions. The key players in the market include Philips, OSRAM, General Electric, Cree Inc, Panasonic, YANKO Lighting. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industryreports/commercial-luminaire-market/request-sample Market Segment: Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Commercial Luminaire in these regions, from 2012 to 2022 (forecast), covering • North America • Europe • China • Japan • Southeast Asia • India
Global Commercial Luminaire market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including • Philips • OSRAM • General Electric • Cree, Inc • Panasonic • Eaton • Thorn • Hubbell Lighting • Acuity Brands Lighting • TOSHIBA • Targetti Sankey S.p.A. • Asian Electronics See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/consumer-electronics On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into • Halogen • HID • LFL • CFL
• LED On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Commercial Luminaire for each application, including • Retail • Hospital • Industrial • Office • Other
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