Commercial Lighting Market Top Leading Players with Research Data 2032 | Emergen Research
The latest market intelligence report, titled ‘Global Commercial Lighting Market ', is intended to provide the target audience with the necessary information about the global Commercial Lighting Market industry. The report comprises a detailed analysis of the vital elements of the Commercial Lighting Market , including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects
The global commercial lighting market size reached USD 9.75 billion in 2021 and is expected to register a revenue CAGR of 21.4% during the forecast period, according to latest analysis by Emergen Research. Market revenue growth is attributed to the growing need for more energy-efficient lighting systems, rapid infrastructure development, and ongoing and upcoming smart city projects in developing countries. Smart lighting use in commercial and industrial applications has been steadily increasing in recent years, owing to a growing focus on energy conservation. The use of such energy-efficient LED lighting technology reduces maintenance expenses significantly as they use about half as much electricity as standard halogen, incandescent, and fluorescent lights. Furthermore, such commercial lighting emits no UV light and operates at a low voltage, as well as having a long lifespan, design flexibility, and durability. For instance, LEDs typically last 30,000–50,000 hours, depending on the fixture, compared to 1,000 hours for an incandescent bulb and 8,000 hours for a fluorescent lamp, respectively. As a result of LED luminaires extended life, they have minimal maintenance costs, which helps cut energy expenditure and bills, and is expected to drive revenue growth in the market between 2022 and 2030.
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Exhaustive coverage of the COVID-19 impact on the Commercial Lighting Market industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain's functioning mechanism. It assesses the present market scenario and forecasts the pandemic's aftermath in this business sector to help organizations boost their COVID-19 preparedness.
Research Report on the Commercial Lighting Market Addresses the Following Key Questions:
- Who are the dominant players of the Commercial Lighting market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Commercial Lighting market?
- What are the key growth drivers and restraining factors of the Commercial Lighting market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Commercial Lighting market and its key segments?
Global Commercial Lighting Market: Competitive Analysis :
GE Current, A Daintree Company, Hubbell, Schneider Electric, ABB, Zumtobel Group, Acuity Brands Lighting Inc., Wipro Lighting, Siteco GmbH, Cree Lighting, WAC Lighting and Signify Holding
The research study examines historic data from 2018 and 2020 to draw forecasts until 2032. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Commercial Lighting Market .
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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Segments Covered in this report are:
- Light Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
- Incandescent
- Halogen
- LED
- Others
- Installation Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
- New Installation
- Replacement Installation
- Retrofit Installation
- Technology Type Outlook (Revenue, USD Billion; Volume, Thousand Units; 2019-2030)
- Wired
- Wireless
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Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2023-2032
TOC of the global Commercial Lighting Market report:
- Chapter 1, describes the Commercial Lighting Market Introduction, market overview, product offerings, growth opportunities, market risks, driving forces, and challenges.
- Chapter 2, analyzes the key manufacturers of Commercial Lighting Market , along with the sales, revenue, and price of Commercial Lighting Market , in the forecast period.
- Chapter 3, studies the competitive situation among the major manufacturers and vendors, with sales, revenue, and market share.
- Chapter 4, analyzes the global market by regions, with sales, revenue, and market share of Commercial Lighting Market, for each region, from 2020 to 2032.
- Chapters 5, 6, 7, 8 and 9, analyze the Commercial Lighting Market by type, application, regions, and manufacturers, with sales, revenue, and market share by key countries in these regions…Continued
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