High-end Lighting Market scrutinized in top research report for the forecast 2017-2022 - Scalar Market Research

High-end lighting gives away a bright look to the premise, whether of a mall, or a house, or a hotel. LED lights offer high brightness level and efficient performance. Smart homes are also requiring LED lighting for better user-control of all in-house electronics from distant places, which is boosting the high-end lighting market growth. There is more demand for connected lighting system with high-efficiency as compared to the commodity lighting. Moreover, there is increasing regulations and standards related to industrial lighting which is boosting the market growth. This report studies the current and future aspects of the high-end lighting market.

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KEY PREMIUM INDUSTRY INSIGHTS

1. The global high-end lighting market is growing at a fast pace during the forecasted period mainly because of increasing demand for connected lighting and interior designing. In addition, increasing usage of smartphones and internet connection is demanding the use of connected lighting technology which is promoting the market growth.

2. Due to advancement in technology and improved economy there is a significant growth in the LED market which is contributing towards the high-end lighting market growth. Infrastructure projects and interior designing is making use of high-end lighting to make the homes smarter and get a visual appeal, which is promoting the market growth.

The global high-end lighting market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia Pacific region holds the highest market share and is the largest revenue contributor of high-end lighting market. The region continues to dominate the global market during the forecasted period because of availability of cheap labor, better infrastructure facilities for manufacturing, good economic conditions and innovation of good light source. In addition, there is increasing demand for high-end lighting in developed countries due to better infrastructure facilities and higher income source of the people.

KEY MARKET PLAYERS

Key players in the high-end lighting market include:

1. Acuity Brands Lighting, Inc.
2. COOPER LIGHTING, LLC
3. CREE, Inc.
4. Digital Lumens, Inc.
5. General Electric Company
6. Honeywell International Inc.
7. Legrand S.A.
8. Lutron Electronics Co., Inc.
9. Philips Lighting Holding B.V.
10. Streetlight. Vision

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