Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Lighting Fixtures and Luminaires market. Market segmentation includes End-Use (Residential Lighting, Automotive Lighting, Office Lighting, Outdoor Lighting, Architectural Lighting, Other End-Uses); Product Segment (Non-Portable, Portable, Parts & Accessories).
Lighting fixtures are designed and constructed to collect, distribute, reflect, direct, or diffuse light from any electric light source for general or localized illumination. Fixtures tend to have a long life and outlast light sources/lamps that are fitted to them and comprise miscellaneous parts and accessories such as lighting controls, ballasts, timers and such other products required for the smooth functioning of the light source. LED lighting, which evolved into the core lighting format across various end-use domains, is wielding a major influence on the fixtures and luminaires market. High energy-efficiency, optimal durability, and comparatively low total cost-of-ownership as compared to the other luminescent lights, are factors that are supporting rapid penetration of LED lighting products across the world, which in turn is driving demand for LED luminaires. Increase in the green building construction activities, and retrofitting of the already existing buildings for conversion in green buildings, is driving the demand for energy-efficient lighting fixtures. Continuous developments in the residential, commercial, industrial and public lighting markets resulted in significant developments in the lighting fixtures market over the years. Increasing governmental pressure on both industrial and commercial sectors to reduce energy consumption would be the key factor that would fuel fixture demand from these markets. Demand for outdoor lighting fixtures supported by strong non-building construction such as bridges, highways, and public works. The expected decline in prices of LED fixtures through the usage of low-cost materials such as thermal plastics in place of the high priced aluminum is also expected to bode well for the market. However, high cost of new luminaire installation is one major market impediment.
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 16432. Among this pool, 1643 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 329 unique participations, a total of 148 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
Key Competitors Covered in the Report -
Eaton Corporation PLC
Havells India Ltd.
Bajaj Electricals Ltd.
Acuity Brands Lighting Inc.
Fagerhults Belysning AB
American Electric Lighting
Current, Powered by GE
ELK Group International, Inc.
FW Thorpe PLC
Segments Covered in the Report -
Product Segment (Non-Portable, Portable, Parts & Accessories)
End-Use (Residential Lighting, Automotive Lighting, Office Lighting, Outdoor Lighting, Architectural Lighting, Other End-Uses)
Geographies Analyzed in the Report -
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
Rest of Middle East
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.