Recessed Lighting Market Outlook to 2023 – Osram GmbH,Elegant Lighting Inc, Philips Lighting Holding B.V., Halo Commercial, Cree Inc., Globe Electric, Acuity Brands Lighting Inc., General Electric Company, Eterna Lighting Ltd.
A recessed light (also known as can lights or downlight) is a light fixture that is installed into a hollow opening in a ceiling. When installed it appears to have light shining from a hole in the ceiling, concentrating the light in a downward direction as a broad floodlight or narrow spotlight.
Recessed Lighting fixtures are comprised of three main parts, namely, the bulb, decorative trim and the housing.
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Recessed lights have remained a favorite choice for modern, streamlined lighting in kitchens, bathrooms, hallways, basements, and in commercial spaces. They are used for both accent and general lighting, and because they are relatively compact, they work wonderfully in small spaces.
At present, in the foreign industrial developed countries the Recessed Lighting industry is generally at a more advanced level, the world’s large enterprises are mainly concentrated in Asia.
Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area and in future still more new investment will enter into the field. Technology and cost are two major problems.
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Major Market Players
Elegant Lighting Inc
Philips Lighting Holding B.V.
Acuity Brands Lighting Inc.
General Electric Company
Eterna Lighting Ltd.
Herbert Waldmann GmbH & Co. KG
Acuity Brands Lighting Inc.
Eaton Corporation PLC
KLS Martin Group
Cooper Lighting, LLC
Zumtobel Lighting GmbH
Juno Lighting Group
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Although sales of Recessed Lighting brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk to enter this market.
Over the next five years, Research Reports Inc. projects that Recessed Lighting will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Recessed Lighting market by product type, application, key manufacturers and key regions.
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