Professional Luminaires Market research report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Professional Luminaires Market report 2016-2020 focuses on the major drivers and restraints for the key players. The Professional Luminaires market research report is a professional and in-depth study on the current state of Professional Luminaires Industry.
Analysts forecast the global Professional Luminaires market to grow at a CAGR of 3.85% during the period 2016-2020.
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The research report covers the present scenario and the growth prospects of the global Professional Luminaires industry for 2016-2020.
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.
Professional Luminaires Market Segmentation by End-User:
Key Vendors of Professional Luminaires Market:
• Acuity Brands Inc.
• GE Lighting
• OSRAM Gmbh
• Panasonic Corp.
• Koninklijke Philips N.V.
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The Professional Luminaires market report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. Professional Luminaires market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Professional Luminaires Market Driver:
• Increase in urbanization
• Introduction of energy-efficient lighting technologies
• Strong government support
• Major events and infrastructure projects
Professional Luminaires Market Challenge:
• Long payback period
• Absence of global LED standardization
• Higher import duties
• Global economic slowdown
Professional Luminaires Market Trend:
• Growing demand for architectural lighting fixtures
• Declining manufacturing cost of LEDs
• Emergence of smart cities
• Cloud-based smart lighting
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Geographical Segmentation of Professional Luminaires Market:
The report provides a basic overview of the Professional Luminaires industry including definitions, segmentation, applications, key vendors, market drivers and market challenges. The Professional Luminaires market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status
Through the statistical analysis, the report depicts the global Professional Luminaires market including capacity, production, production value, cost/profit, supply/demand and import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
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