What is Indoor Luminaires Market?
The nicest kind of lighting at home can be used, natural light is also the most difficult to control. Proper lighting ensures that each room sets the mood you want to convey and is properly set up for the activities that take place there. There are mainly two broad categories of indoor lighting: natural and artificial. Everyone creates their own effect and everyone has their own rules. Most of the rooms in the home contain natural and man-made sources. Hence, it is important to include both types in your plan. With their downlight properties, they are also suitable for highlighting prominent areas such as entrances, sales points, or for focusing on works of art. These lights are ideal for large, high rooms.
The market study is being classified by Type (Incandescent Lamp, LED Lamp, Halogen Lamp, Fluorescent Lamp, Xenon Lamp and Others), by Application (Household, Commercial and Industrial) and major geographies with country level break-up.
Siteco Beleuchtungstechnik GmbH (Germany), Vestel LED (Turkey), Thorn Lighting (United Kingdom), Toshiba (Japan), Panasonic (Japan), GE Lighting (United States), Philips Lighting (Netherlands), Acuity Brands (United States), Eaton Corporation (Ireland), PXF (Poland) and STANDARD (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Pelsan Aydınlatma (Turkey) and Osram (Germany).
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Indoor Luminaires market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Indoor Luminaires market by Type, Application and Region.
On the basis of geography, the market of Indoor Luminaires has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Demand for Intelligent Solutions for Indoor Luminaires Systems
- Growing Awareness About Energy Savings Among Consumers and Governments Globally
- Increasing Penetration and Decreasing Cost of LEDs
Market Trend
- Modernization and Development of Infrastructure to Transform Cities Into Smart Cities
- Surging Need for Energy-Efficient Lighting Systems
Restraints
- Perception of Higher Costs of Installation and Limited Awareness About Payback Periods
Opportunities
- Advancement of Wireless Communication Technology for Indoor Luminaires Systems
- Increasing Number of Smart City Projects
- Development of IoT Technology for Smart Indoor Luminaires
Challenges
- High Upfront Cost of LEDs
Key Target Audience
Manufacturers of Indoor Luminaires, Suppliers and Distributors of Indoor Luminaires, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory, Enterprise Users, Commercial Users, Industrial Users and Others
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