Press release
LED Trunking Market Size Witness A Strong Growth of Acceleration During 2019-2026
The global LED Trunking market was valued at US$ 5.33 Bn in 2018 and is expected to reach US$ 8.86 Bn by 2027 with a CAGR growth rate of 5.9% in the forecast period from 2019 to 2026.
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For the installation of the energy-efficient lighting such as LEDs, an appropriate lighting fixture holds an important position. These fixtures are termed as LED trunking, which provides tailored LED solution to different end users requirements. The trunking system is capable of offering a flexible and stable platform to ensure proper fixing of the luminaires/lights at even intervals for warehouses and retail stores in aisle lighting applications.
The factors driving the LED Trunking market is embraced with, demand for better & advanced energy efficient and energy saving products, rise in the adoption of LEDs over traditional lighting products are anticipated to have a massive impact on the growth of LED Trunking market in the coming years. Also, the huge capital investment required for the installation of LED trunking and lighting fixtures, is expected to hinder the market growth in the coming years.
With the support received from government bodies of the Americas, Asia, and Europe, utilization of energy efficient and less energy consuming lights are gaining high momentum with the commercial and large spaces. The requirement of stringent product testing methods to uphold the performance of LEDs is needed to provide a high certainty of energy savings. To accomplish the objective of enhancing product performance requirements, use of familiar and recognized international performance testing standards including, Design Lights certification schemes and US Energy Star is helpful.
In the global LED trunking market, Asia Pacific is anticipated to grow with the highest CAGR during the forecast period majorly due to rapid urbanization and industrial development observed in the countries of the region. Further, growth in the infrastructure construction projects and stringent government regulations are the factors strengthening the LED Trunking market. In context to high market share, Asia Pacific is the largest region contributing heavily in the LED Trunking market, followed by North America and Europe.
The LED trunking market globally is segmented by application into commercial, industrial, warehouse, and other. Geographically, the LED trunking market is divided into four regions, including North America, Europe, Asia
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TABLE OF CONTENTS
1. INTRODUCTION
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3 MARKET SEGMENTATION
1.3.1 Global LED Trunking Market - By Type
1.3.2 Global LED Trunking Market - By Application
1.3.3 Global LED Trunking Market - By Geography
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1 COVERAGE
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
4. LED TRUNKING MARKET LANDSCAPE
4.1 MARKET OVERVIEW
4.2 ECOSYSTEM ANALYSIS
4.3 PEST ANALYSIS
4.3.1 North America - PEST Analysis
4.3.2 Europe - PEST Analysis
4.3.3 Asia Pacific - PEST Analysis
4.3.4 Rest of the World - PEST Analysis
5. LED TRUNKING MARKET- KEY INDUSTRY DYNAMICS
5.1 KEY MARKET DRIVERS
5.1.1 Increasing proliferation of LED
5.1.2 Growth in the Need to Replace Traditional Lighting Systems
5.2 KEY MARKET RESTRAINTS
5.2.1 High capital expenditure value
5.3 KEY MARKET OPPORTUNITIES
5.3.1 Rise in the LED Trunking Retrofit Business
5.4 FUTURE TRENDS
5.4.1 Connected LED Trunking is Emerging as a Future-proof Solution for Industrial Spaces
5.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LED TRUNKING MARKET - GLOBAL ANALYSIS
6.1 OVERVIEW
6.2 GLOBAL LED TRUNKING MARKET REVENUE AND FORECASTS TO 2027 (US$ MN)
7. LED TRUNKING MARKET REVENUE AND FORECASTS TO 2027 - TYPE
7.1 OVERVIEW
7.2 LED TRUNKING MARKET BREAKDOWN, BY TYPE, 2018 & 2027
7.3 NARROW DISTRIBUTION
7.3.1 Overview
7.3.2 Narrow Distribution Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 WIDE DISTRIBUTION
7.4.1 Overview
7.4.2 Wide Distribution Market Revenue and Forecasts to 2027 (US$ Mn)
8. LED TRUNKING MARKET REVENUE AND FORECASTS TO 2027 - APPLICATION
8.1 OVERVIEW
8.2 LED TRUNKING MARKET BREAKDOWN, BY APPLICATION, 2018 & 2027
8.3 COMMERCIAL
8.3.1 Overview
8.3.2 Commercial Revenue and Forecasts to 2027 (US$ Mn)
8.4 INDUSTRIAL
8.4.1 Overview
8.4.2 Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 WAREHOUSE MARKET
8.5.1 Overview
8.5.2 Warehouse Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 OTHERS
8.6.1 Overview
8.6.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. LED TRUNKING MARKET - GEOGRAPHICAL ANALYSIS
9.1 OVERVIEW
9.2 NORTH AMERICA LED TRUNKING MARKET REVENUE AND FORECASTS TO 2027
9.2.1 North America LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.2.3 North America LED Trunking Market Breakdown by Application
9.2.4 North America LED Trunking Market Breakdown, by Key Countries
9.2.4.1 U.S. LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
9.2.4.1.1 U.S LED Trunking Market Breakdown by Type
9.2.4.1.2 U.S. LED Trunking Market Breakdown by Application
9.2.4.2 Canada LED Trunking Market Revenue and Forecasts to 2027
(US$ MN)
9.2.4.2.1 Canada LED Trunking Market Breakdown by Type
9.2.4.2.2 Canada LED Trunking Market Breakdown by Application
9.2.4.3 Mexico LED Trunking Market Revenue and Forecasts to 2027
(US$ Mn)
9.2.4.3.1 Mexico LED Trunking Market Breakdown by Type
9.2.4.3.2 Mexico LED Trunking Market Breakdown by Application
9.3 EUROPE LED TRUNKING MARKET REVENUE AND FORECASTS TO 2027
9.3.1 Europe LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.2 Europe LED Trunking Market Breakdown by Type
9.3.3 Europe LED Trunking Market Breakdown by Application
9.3.4 Europe LED Trunking Market Breakdown, by Key Countries
9.3.4.1 France LED Trunking Market Revenue and Forecasts to 2027
(US$ MN)
9.3.4.1.1 France LED Trunking Market Breakdown by Type
9.3.4.1.2 France LED Trunking Market Breakdown by Application
9.3.4.2 Germany LED Trunking Market Revenue and Forecasts to 2027
(US$ MN)
9.3.4.2.1 Germany LED Trunking Market Breakdown by Type
9.3.4.2.2 Germany LED Trunking Market Breakdown by Application
9.3.4.3 Italy LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.4.3.1 Italy LED Trunking Market Breakdown by Type
9.3.4.3.2 Italy LED Trunking Market Breakdown by Application
9.3.4.4 Spain LED Trunking Market Revenue and Forecasts to 2027
(US$ Mn)
9.3.4.4.1 Spain LED Trunking Market Breakdown by Type
9.3.4.4.2 Spain LED Trunking Market Breakdown by Application
9.3.4.5 UK LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.4.5.1 UK LED Trunking Market Breakdown by Type
9.3.4.5.2 UK LED Trunking Market Breakdown by Application
9.3.4.6 Rest of Europe LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.4.6.1 Rest of Europe LED Trunking Market Breakdown by Type
9.3.4.6.2 Rest of Europe LED Trunking Market Breakdown by Application
9.4 APAC LED TRUNKING MARKET REVENUE AND FORECASTS TO 2027
9.4.1 APAC LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.2 APAC LED Trunking Market Breakdown by Type
9.4.3 APAC LED Trunking Market Breakdown by Application
9.4.4 APAC LED Trunking Market Breakdown, by Key Countries
9.4.4.1 China LED Trunking Market Revenue and Forecasts to 2027
(US$ MN)
9.4.4.1.1 China LED Trunking Market Breakdown by Type
9.4.4.1.2 China LED Trunking Market Breakdown by Application
9.4.4.2 India LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.4.2.1 India LED Trunking Market Breakdown by Type
9.4.4.2.2 India LED Trunking Market Breakdown by Application
9.4.4.3 Japan LED Trunking Market Revenue and Forecasts to 2027
(US$ Mn)
9.4.4.3.1 Japan LED Trunking Market Breakdown by Type
9.4.4.3.2 Japan LED Trunking Market Breakdown by Application
9.4.4.4 Australia LED Trunking Market Revenue and Forecasts to 2027
(US$ Mn)
9.4.4.4.1 Australia LED Trunking Market Breakdown by Type
9.4.4.4.2 Australia LED Trunking Market Breakdown by Application
9.4.4.5 South Korea LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.4.5.1 South Korea LED Trunking Market Breakdown by Type
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