openPR Logo
Press release

Industrial Luminaire Market: Pin-Point Analysis For Changing Competitive Dynamics

05-14-2018 08:02 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR - Research Reports

/ PR Agency: TMR - Research Reports
Industrial Luminaire Market: Pin-Point Analysis For Changing

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.

Obtain Report https://www.transparencymarketresearch.com/industrial-luminaire-market.html

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.

Request Brochure https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=34586

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.

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.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Industrial Luminaire Market: Pin-Point Analysis For Changing Competitive Dynamics here

News-ID: 1049355 • Views: 580

More Releases from TMR - Research Reports

Visualization and 3D Rendering Software Market: On-Premise Deployment Presently …
The global market for visualization and 3D rendering features a largely consolidated vendor landscape, with the leading three vendors accounting for a nearly 80% of the overall revenue generated in the market in 2016, observes Transparency Market Research in a recent report. These three vendors, namely Autodesk Inc., Dassault Systems, and NVIDIA Corporation, have strengthened their positions in the market with the help of cost competitive pricing, continuous introduction of
Digital Door Lock Systems Market: Enhanced Security Requirements to Propel the D …
According to a new market report published by Transparency Market Research titled “Digital Door Lock Systems Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global digital door lock systems market was valued at US$ 1,059.5 Mn in 2017 and is expected to expand at a CAGR of 30.25% from 2018 to 2026, reaching US$ 14,877.6 Mn by the end of the forecast period. digital door lock systems market
Transportation Management System Market: Advance Technologies in All the Sectors …
A transportation management system (TMS) refers to a subset of supply chain management and is centered mostly on logistics and transportation. The augmented use of cloud computing technologies for managing supply chain activities is one of the significant and major trends that have been prevailing in the world market for transportation management systems. Cloud-based deployments, in general, need less configuration and customization. These two factors are triggering down the cost
Energy Recovery Ventilators Market: Rising Awareness of Importance of Indoor Air …
Characterized by the presence of a handful of dominant players, namely United Technologies Corp., LG Electronics, Daikin Industries Ltd., Fujitsu Ltd., and Munters Corp., the global energy recovery ventilators market features intense competition, reveals Transparency Market Research (TMR) in a new report. Going forward, the rising number of players seeking entry will further intensify competition in the market. Expansion of product portfolio which has been the focus of established companies to

All 5 Releases


More Releases for LED

LED Supply Chain
This report covers market size and forecasts of LED Supply Chain, including the following market information: Global LED Supply Chain Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Company, 2019-
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
Global LED Packaging Market
Global LED Packaging Market is expected to reach US$ 34.29 Bn by 2026 from US$ 18.2 Bn in 2016 at a CAGR of 6.54%. The factors such as increasing demand for high power grade LED packages for lighting applications, rising demand for LED packages in the display panel market, growing government initiatives and regulations for adoption of energy-efficient LED lighting and increasing demand for smart LED lighting solutions are responsible
LED Lighting Optics Market
“Global LED Lighting Optics Market Insights, Forecast to 2025” This report researches the worldwide LED Lighting Optics Market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategies. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor
LED Flashlight Market 2017 - SureFire, LED Lenser, Pelican, NovaTac
Apex Research, recently published a detailed market research study focused on the "LED Flashlight Market" across the global, regional and country level. The report provides 360° analysis of "LED Flashlight Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global LED Flashlight industry, and estimates the future trend of LED Flashlight market on