As per this study the Global Luminaire Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Luminaries refer to the complete lighting unit that provides illumination. These are commonly known as light fixtures or fittings. These fixtures are electrically or battery powered with a control switch, attached either to lamp body or to a power cable. Fixed lightning fixtures such as a chandelier, ceiling dome, landscaping lights, are immovable fixtures, connected through wires whereas portable lighting fixtures such as table lights are movable battery powered lighting solutions.
The booming construction industry is generating high demand for lighting fixtures. Rapid urbanization and industrialization have generated high demand of efficient lighting solution; this is driving the market growth. Increase in disposable income, rise in the standard of living and increased spending on home and office décor is again boosting the market demand. Also, a shift in consumer focus on reducing energy consumption is propelling the demand for LED luminaries.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of luminaire.
The broad luminaire market has been sub-grouped into type and applications. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for luminaire in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Luminaire Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the luminaire market include FSL, Huayi Lighting, Leedarson Luminaire, Liaoyuan Lighting, NVC, Opple, Osram, PAK, Panasonnic, Philips, TCP, Topstar and Toshiba among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.