Luminaires Market Overview, New Opportunities & SWOT Analysis by 2024

The Luminaires - Market Development Scenario" Study has been added to AMA database. The study envisage qualitative as well as quantitative market data and follows Industry benchmark classification and NAICS standards to built strong players coverage for final study. Some of the major and emerging players identified are Acuity Brands (United States), Honeywell (United States), Philips (Netherlands), Cree (United States), Legrand (France), OSRAM (Germany), Zumtobel Group (Austria), Panasonic (Japan), Control4 Corporation (United States), Siemens (Germany), Toshiba (Japan) and General Electric (United States), etc.

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A luminaire, a complete lighting unit, comprised of a light source (lamp or lamps), and connect the lamps to the power supply. Its function is to direct light to appropriate locations, without causing glare or discomfort. In the current scenario, increasing government expenditure on public infrastructure and focusing on reducing the energy utilisation by substituting the traditional lighting systems with efficient and advance lighting control systems are the major driving factors in the growth of the very market worldwide.

Market Competition

Each company profiled in the research document is studied considering various factors such as product and its application portfolios, market share, growth potential, future plans, and development activity. Readers will be able to gain complete understanding and knowledge of the competitive landscape. Most importantly, the report sheds light on important strategies that key and emerging players are taking to maintain their ranking in the Global Luminaires Market. It shows how the market competition will change in the next few years and how players are preparing themselves to stay ahead of the curve.

Market Drivers
o Increased Demand for Intelligent Solutions for Street Lighting Systems
o Growing Awareness About Energy Savings Among Consumers and Governments Globally
o Increasing Penetration and Decreasing Cost of LEDs
Market Trend
o Modernization and Development of Infrastructure to Transform Cities Into Smart Cities
o Surging Need for Energy-Efficient Lighting Systems
Restraints
o Perception of Higher Costs of Installation and Limited Awareness About Payback Periods
o Security and Privacy Issues in Smart Luminaires Systems
Opportunities
o Advancement of Wireless Communication Technology for Smart Lighting Systems
o Increasing Number of Smart City Projects
o Development of IoT Technology for Smart Lighting
Challenges
o High Upfront Cost of LEDs

Global Luminaires Market Development Scenario by Players

o Patent Analysis Briefing* [if applicable]
o No. of Patents Issuance by Year / by Players / By Issuing Office
o Key Development - Product/Service Launch, Mergers & Acquisition, Joint Ventures
o Financials Information, Business Overview and Product Specification Matrix

Important Features that are under offering & key highlights of the report:

1) How companies are selected or profiled in the report?
List of some players that are profiled in the the report includes "Acuity Brands (United States), Honeywell (United States), Philips (Netherlands), Cree (United States), Legrand (France), OSRAM (Germany), Zumtobel Group (Austria), Panasonic (Japan), Control4 Corporation (United States), Siemens (Germany), Toshiba (Japan) and General Electric (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Huayi Lighting Company Limited (China), OPPLE Lighting (China), Shanxi Guangyu LED Lighting Co. Ltd (China) and SoftDel (United States)". Usually we follow NAICS Industry standards and validate company profile with product mapping to filter relevant Industry players, furthermore list is sorted to come up with a sample size of atleast 50 to 100 companies having greater topline value to get their segment revenue for market estimation.
** List of companies mentioned may vary in the final report subject to Name Change / Merger etc.

2) Can we add or profiled new company as per our need?
Yes, we can add or profile new company as per client need in the report, provided it is available in our coverage list as mentioned in answer to Question 1 and after feasibility run final confirmation will be provided by research team checking the constraints related to difficulty of survey.

3) Can we narrow the available business segments?
Yes, depending upon the data availability and feasibility check by our Research Analyst, further breakdown in business segments by end use application or product type can be provided (If applicable) by Revenue Size or Volume*.

4) Can specific country of interest be added? What all regional segmentation covered?
Yes, Country level splits can be modified in the study as per objectives. Currently, research report gives special attention and focus on following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey & Rest of Middle East & Africa
** One country of specific interest can be included at no added cost. For inclusion of more regional segment quote will vary.

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The titled segments and Market Data Breakdown are illuminated below:

By Type: Traditional, LED
Application: Residential, Commercial, Industrial
Technology Type: Wired Technology, Wireless Technology
Installation Type: New Installation, Retrofit Installation

Over the past few year, factors that have contributed to the development of the Global Luminaires market is covered in the research document by studying each micro element at very minute level to identify future growth scenario. Undoubtedly, the most promising market promoter bringing direct and indirect economic benefits to the market sizing. The Luminaires market is expected to make a significant contribution with an estimated market to reach USD XXX million by 2025 growing at a CAGR of yy%.

***Sub Regions Included: North America [United States, Canada, Mexico], Asia-Pacific [China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam], Europe [Germany, France, UK, Italy, Russia, Rest of Europe], South America [Brazil, Argentina, Rest of South America], Middle East & Africa [GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East & Africa]

*** Unless until specified in Original TOC of Global Luminaires Market Study

All viewpoints in the report are based on iterative validation by engaging influencer, experts of the market, whose opinions supersede all other research methodologies. Both primary and secondary approach are used and detailed product portfolio / service offering were analysed and have been presented in a separate chapter of competitive landscape along with company profile.

Research Objectives

o To analyse and forecast the Global Luminaires market, in terms of value and volume.
o Which segment has the potential to gain the highest market share?
o To help decision maker from new offer perspective and benchmark existing marketing strategy.
o Correlate cost structure historical data with key business segments.
o Analyse marketing contribution and customer acquisition by up-selling and cross selling.
o Identifying Influencing factors keeping Global Luminaires Market Intense, factored with periodic analysis of CR4 & CR8 concentration ratio & HHI Index.

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