Industrial Luminaire Market Size & Share - Industry Trends and Forecast 2017 - 2025

" Industrial Luminaire Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" is the latest addition to MarketResearchReports.Biz industry research reports collection.

The main objective of this report is to define, describe, and forecast the global “Industrial Luminaire” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Luminaire is defined as a light fixture, an electrical device used to create artificial light with the help of an electric lamp. All luminaires have a fixed body and a light socket to hold the lamp and can be replaced. Luminaires have a switch to control the light, either attached to the power cable or to the lamp body.

Rapid urbanization and industrialization have increased the requirement for lighting sources, which has resulted in more demand. Lighting consumes about 20% of the global electricity, and this has led to the focus on promoting energy-efficient luminaire technologies by governments across the globe. Growing energy consumption and necessity of energy saving has resulted in growing adoption of CFL, halogen, LFL, and LED technologies. Additionally, increased awareness about power saving and energy saving and use of energy- efficient lightning technologies in the corporate world is anticipated to have a positive impact and help in the growth of the luminaire market.

The industrial market is looking for innovations in material, manufacturing, and technology, targeted at improving energy efficiency, product functionality, and eco-friendliness.

The luminaires and lamps sector is expected to acquire the largest share of the industrial luminaire market during the forecast period. The high share of the luminaires and lamps sector is attributed to the rapid entry of LED lighting and the demand for technologically advanced LED light fitting. Moreover, benefits such as high efficiency, low power consumption, and a comparatively longer life span related to LEDs is set to drive the industrial lighting market growth for the lamps and luminaires segment during the forecast period.

The luminaire market thrives on a zero capital cost model and improved financial benefits, as also on government policies and regulations for adoption of energy efficient lighting systems. This market focuses on reducing energy consumption, which leads to the use of energy efficient systems. However, the main restraint of this market is lack of awareness about the value of service oriented models of lighting.
Despite this drawback, the market is rapidly growing and has many opportunities lined up such as convergence of internet of things with lighting systems and development of smart cities. As smart cities develop, demand for lighting will increase for various purposes, thus creating opportunities for this market. However, low-quality LED products flooding the market and their poor performance is still the biggest challenge for the luminaire market.

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The global industrial luminaire market is segmented by installation type, light source, offering, product, and application. Installation type includes new installation, replacement installation, and retrofit installation. Furthermore, there are different light sources such as LED lighting, High Intensity discharge (HID) lighting, and fluorescent lighting. Offerings include lamp, luminaires, control systems and services. The luminaire market is also segmented by products such as industrial linear lighting, spot lighting, flood lighting or area lightning, and high bay lighting. There are various applications of luminaires in warehouses and cold storage, factory and production lines, outer premises, parking areas, and hazardous locations. In terms of regions, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Key players in the global luminaire market are NVC, Philips, Opple, FSL, Leedarson Luminaire, PAK, Topstar, Osram, Liaoyuan lighting, TCP, Panasonic, Huayi Lighting, Toshiba, TCL, Forest Lighting, Kingsun Optoelectronics, Feilo Acoustics, Hongyar Electrical, Midea, Yankon, NPU, Handson, GE Lighting, GY LED and Thron Acuity Brands Lighting, Inc. Current, Powered by GE
- Amerlux, LLC Bajaj Electricals Ltd. Cree, Inc. and Crompton Greaves Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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