Press release
Global Professional Luminaires Market Will Grow At A CAGR Of 3.85% During The Period 2016-2020
About LuminairesLuminaires based on LED and conventional light sources include CFL, fluorescent lamps, halogen, HID, and incandescent. LED-based luminaires will account for the largest market share because of their energy efficiency and low operational costs.
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An LED light bulb on an average consumes 30%-50% less power than a conventional light bulb. In addition, LED bulbs are eco-friendly as they do not contain mercury. The global professional luminaires market is expected to grow at a CAGR of 3.85% during the forecast period, with the majority of demand coming from the residential and commercial segments. In 2015, APAC accounted for 48.49% of the global professional luminaires market.
Covered
The report covers the present scenario and the growth prospects of the global professional luminaires market for 2016-2020. The annual installations of new as well as replacement professional luminaires at market price in various end-user segments have been considered in determining the market size.
Segments based on geography:
Americas
APAC
EMEA
Global Professional Luminaires Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Acuity Brands Inc.
GE Lighting
OSRAM Gmbh
Panasonic Corp.
Koninklijke Philips N.V.
Driver
Increase in urbanization
For a full, detailed list, view our report
Challenge
Long payback period
For a full, detailed list, view our report
Trend
Growing demand for architectural lighting fixtures
For a full, detailed list, view our report
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