Press release
Global market research survey on Lighting Products – Industry Outlook, Growth Prospects and Key Opportunities
The U.S. lighting products market exhibits the presence of varied players and a large number of retailers. With the leading players vying to gain the lion’s share, the U.S. lighting products market exhibits a highly competitive landscape. Moreover, this lighting industry operates at surplus of products, causing fiercer rivalry among players, finds Transparency Market Research (TMR) in a recent study.The Home Depot, Lowes, Target, Wal-Mart, Bed Bath & Beyond, Sam’s Club, Menards, and Costco are among the leading market players. Of these companies, The Home Depot emerged dominant holding a share of over 19% in the overall market in 2015. It is currently focusing on its future plans of expanding the presence across the U.S. suburban area. On account of such business policies, The Home Depot’s dominance is expected to continue through the report’s forecast period. Other companies as well will focus on expanding their regional presence in order to gain sustainable growth in the near future.
Want to know the obstructions to your company’s growth in future? Request a brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=185
According to TMR, the U.S. lighting products market, which stood at US$185.65 bn in 2015, is forecast to reach US$285.84 bn by the end of 2024. If these figures hold true, the U.S. lighting products market will progress at a CAGR of 5.0% between 2016 and 2024.
us lighting product market
Residential Lighting Segment to be a Major Contributor to Market’s Growth
By standalone type, pace of gains in the others segment is projected to remain the highest through the forecast period. The T8LED tube bulb segment will emerge as the second-lead in the market and held around 26% of the overall market in terms of value in 2016. Based on application, the residential lighting segment emerged dominant in 2015 and is expected to continue leading the market through the forecast period. TMR predicted its overall value-based share to reach over 69% by the end of 2016. The residential lighting segment is expected to gain from the increasing demand for retrofitting in the U.S.
Growth Witnessed in Construction Sector to Fuel Demand for Lighting Products
The lighting products market in the U.S. is treading along a positive curve. The rising installation of bulbs and lighting fixtures across major applications will aid the expansion of the U.S. lighting products market. Growth witnessed in the residential and non-residential constructions will thus have an inevitable impact on the overall demand for lighting products. Besides new constructions, the demand for retrofitting advance bulbs and tubes will emerge as a chief market driver.
As the country focuses on propagating energy-efficiency and implements supportive policies, the U.S. will witness a considerable surge in the demand for lighting products across residential, industrial, commercial, and outdoor applications. Given the scenario, the demand for LED tubes and bulbs has accelerated. In the coming years other market segments are prophesized to benefit as well in response to the rising awareness. Further, the market is likely to benefit from the rising purchase of chandeliers and other customizable lighting products aimed at enhancing the aesthetic view of residential and commercial complexes.
Purchase Premium Research Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=185<ype=S
Further, the growth in the purchase of chandelier and other customized fixture to enhance the aesthetic view of a premises at commercial and residential arena has made the U.S lighting product market attractive for new players.
Declining Construction of New Homes Poses Threat to Market
Because the market’s success is intrinsically linked with construction activities within an economy, decline in construction of new homes witnessed in the U.S. will have a negative influence in its overall trajectory. This will act as a major growth barrier, threatening the market’s expansion in the coming years. Nevertheless, the U.S. is efficiently testing solar powered lighting products to bolster the use of non-renewable resources across industries. Several manufacturing companies are venturing into this practice by providing a wide-range of solar-powered decorative lighting products. This, coupled with investments in technological developments, will aid the lighting products market’s expansion in the U.S. in the coming years.
This review is based on a TMR report, titled “Lighting Products Market – U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”
Read Our Trending Press Release Below: https://www.prnewswire.com/news-releases/integration-of-rfid-technology-widening-application-expanse-to-boost-transportation-management-system-market-immensely-explains-projected-growth-at-whopping-14-3-cagr-for-2020—2030—tmr-301263201.html
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://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 Global market research survey on Lighting Products – Industry Outlook, Growth Prospects and Key Opportunities here
News-ID: 2326122 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Transparency
transparency market research
The global Custom Antibody Market market is estimated to attain a valuation of US$1 Billion by the end of 2033, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 0.085% during the forecast period, 2023 to 2033.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading…
Transparency Market Research
A belt drive is a type of power transmission device which is a looped belt wound around a pair of pulley so as to transmit power between two or more rotating shafts. Compared to other power transmitting devices, belt drives are more preferred in mechanical industry due to easy installation, numerous speed ratio selections, less power loss and comparative low price. Belt drive protects the rotating machinery from overload fluctuations…
Transparency Market Research
An ultrasonic motor is an electric motor which is driven by the ultrasonic vibration of a component. The stator of the motor is supported by piezoelectric components in ultrasonic frequency range which produces different types of vibrations depending on its arrangement. In other words, ultrasonic motor is a type of electric motor that transforms ultrasonic physical vibrations to linear motion, produced by a piezo-transducer. Ultrasonic motors therefore do not use…
More transparency in Engineering IT
CPO certification helps evaluate openness of IT systems
Digitalization is making openness in the linking of IT solutions increasingly important. The Code of PLM Openness (CPO), developed by the ProSTEP iViP Association, supplies a concrete approach for achieving precisely that. Fraunhofer IAO has now developed an effective certification for companies, which helps them comply with the CPO criteria.
Industrie 4.0 requires intensified collaboration between various tools and systems. Only when…
eDataCenterAnalyzer Increases Transparency in Data Centers
30 June 2016. Walldorf, Germany. – fluid Operations™ AG (fluidOps), a leader in semantic technologies, today launched eDataCenterAnalyzer™, an app that increases transparency in data centers. With the launch of this app and new releases of its Smart Data Platform Information Workbench™ and cloud management app eCloudManager™, the company has set the cornerstone for the future development of its product portfolio.
eDataCenterAnalyzer combines the full functionality of Information Workbench with innovative…
Transparency across the entire process chain
Leitner Spedition implements best4log-x
• Austrian trucking company uses arvato Systems solution
• End-to-end process management provides higher efficiency
(arvato Systems) Gütersloh / Unterpremstätten – Since the beginning of 2015, the Austrian trucking company Leitner Spedition has been working with the best4log-x transport management system. This SAP-based solution from arvato Systems provides an integrated digital information flow and supports mid-sized companies in achieving a transparent process design. Controlling and Reporting have seen a…
