Scope of the Study
A luminaire, a complete lighting unit, comprised of a light source (lamp or lamps), and connect the lamps to the power supply. Its function is to direct light to appropriate locations, without causing glare or discomfort. In the current scenario, increasing government expenditure on public infrastructure and focusing on reducing the energy utilisation by substituting the traditional lighting systems with efficient and advance lighting control systems are the major driving factors in the growth of the very market worldwide.
The market study is being classified by Type (Traditional and LED), by Application (Residential, Commercial and Industrial) and major geographies with country level break-up.
Acuity Brands (United States), Honeywell (United States), Philips (Netherlands), Cree (United States), Legrand (France), OSRAM (Germany), Zumtobel Group (Austria), Panasonic (Japan), Control4 Corporation (United States), Siemens (Germany), Toshiba (Japan) and General Electric (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Huayi Lighting Company Limited (China), OPPLE Lighting (China), Shanxi Guangyu LED Lighting Co. Ltd (China) and SoftDel (United States).
Research Analyst at AMA predicts that United States, Japanese and Chinese Manufacturers will contribute to the maximum growth of Global Luminaires market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Luminaires market by Type, Application and Region.
On the basis of geography, the market of 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). If we see Market by Technology Type, the sub-segment i.e. Wired Technology will boost the Luminaires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Installation Type , the sub-segment i.e. New Installation will boost the Luminaires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Demand for Intelligent Solutions for Street Lighting Systems
- Growing Awareness About Energy Savings Among Consumers and Governments Globally
- Increasing Penetration and Decreasing Cost of LEDs
- Modernization and Development of Infrastructure to Transform Cities Into Smart Cities
- Surging Need for Energy-Efficient Lighting Systems
- Perception of Higher Costs of Installation and Limited Awareness About Payback Periods
- Security and Privacy Issues in Smart Luminaires Systems
- Advancement of Wireless Communication Technology for Smart Lighting Systems
- Increasing Number of Smart City Projects
- Development of IoT Technology for Smart Lighting
- High Upfront Cost of LEDs
April 2018, Lutron Electronics, the leader in smart lighting controls and automated shading solutions, has signed an agreement to acquire Ketra, whose Natural Light solutions provide the highest-quality light, that seamlessly emulates daylight in interior spaces
The US Department of Energy (DOE) has begun the process of changing the scope of which products fall under the designations “general service lamp” (GSL) and “general service incandescent lamp” (GSIL), essentially rolling back policy that would have required a conversion of more lamp types to LED sources in the coming year. In addition, The NEMA (National Electrical Manufacturers Association) organisation has taken legal action and lobbied for such a change, supported by major light-bulb manufacturers that are members of the organisation.
Key Target Audience
Semiconductor and electronic component manufacturers and distributors, Sensor manufacturers and distributors, Raw material and manufacturing equipment suppliers, Original equipment manufacturers (OEMs), System Integrator, Government bodies, venture capitalists, and private equity firms, Lighting and lighting control system manufacturers and Lighting control system manufacturers
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase