Ceiling Tile Lighting Market Size & Share - Industry Trend and Forecast 2016 - 2024

" Ceiling Tile Lighting Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024" 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 “ Ceiling Tile Lighting ” 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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Ceiling Tile Lighting Market: Overview

Ceiling tiles lighting are modern-day lighting solutions that offer an alternative to conventional fluorescent and incandescent lighting systems. Ceiling tile lighting is usually equipped with LED grid panels, which makes it compact and more efficient. The rising demand for decorative yet lucrative lighting systems is the primary trend leading to the adoption of ceiling tile lighting systems.

Ceiling Tile Lighting Market: Segmentation

The ceiling tile lighting market is segmented on the basis of panel type, installation type and applications. On the basis of panel type, the ceiling tile lighting market is classified into translucent, frosted, and clear panels. Translucent ceiling tiles offer 31.6% transmittance, frosted tiles offer 76.8% transmittance, and clear panels offer 87.7% of transmittance.

Translucent and frosted ceiling panels are considered for decorative lighting in architectural and hospitality lighting, while, clear panels are used in residential and commercial applications. The changing consumer demand and increasing penetration of LED lighting among various applications is encouraging manufacturers to offer wide range of installations for ceiling tile lighting. On the basis of installation type, ceiling tile market is segmented into suspension, trim & transition, building perimeter and drywall grid systems. As stated earlier, LEDs in the recent past have evolved across various end-use applications. Thus, in terms of applications, the ceiling tile lighting market segmented into architectural, healthcare, airports, corporate campuses, convenience stores, residential, restaurant and hospitality, retail and grocery, schools and universities and others (museums and amusement parks, cold storage facilities).

Ceiling Tile Lighting Market: Growth Drivers

Energy efficient, small carbon footprint, high luminance and reduced CO2 emissions are the primary growth drivers of ceiling tile lighting market. This is attributed to use of LED lights in ceiling tile systems. Additionally, made-to-measure sizes of ceiling panels provided by the manufacturers, make this lighting solution suitable for wide areas of applications. Furthermore, the high product lifecycle and low maintenance cost of ceiling tiles lighting are likely to fuel its growth throughout the forecast period. However, the high set-up cost is anticipated to restrain the market growth for ceiling tiles. Large scale development of multicolored ceiling tiles to improve ambience effect and penetration of ceiling tiles in countries with high-scale infrastructure development such as China, India, Brazil, UAE, and Saudi Arabia is expected to propel the growth of ceiling tile lighting market in near term.

Ceiling Tile Lighting Market: Opportunity Snapshot

Residential and commercial applications are expected to hold significant market share of ceiling tile lighting market. This is attributed to improved adoption of LED lighting in residential applications and need of energy efficient solutions in commercial businesses. Although, with trending adoption of decorative lighting in applications such as architectural building, airport and hospitality, ceiling tile lighting are expected to witness superior growth in aforementioned applications.

Moreover, clear ceiling tile lighting panels are expected to hold majority of market share, due to its high transmittance and suitable for most of the indoor lighting applications. On a global scale, North America region, is expected to hold significant adoption of ceiling tile lighting market. The earlier adoption of LED lighting and cognizance of energy efficient solutions are the key factors resulting in the growth of ceiling tile lighting in the region.

However, Asia Pacific region is expected to witness the fastest growth in the ceiling tile lighting market. Demand from developing economies such as China, India, Indonesia, combined with the increasing adoption of efficient lighting systems among health care, residential and commercial applications, is expected to be the key growth drivers of ceiling tile lighting market in Asia Pacific region.

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Ceiling Tile Lighting Market: Key Players

Some of the key manufacturers of ceiling tile lighting are Cree, Inc., Tryka LED Ltd., General Electric Company, Olmec Advanced Materials Ltd/Surelight, AWI Licensing LLC, RAB Lighting, Inc. and Koninklijke Philips N.V.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.

The study is a source of reliable data on:

Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs
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, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle East and Africa (GCC, Southern Africa, North Africa)
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TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.

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