According
to a new market report published by Transparency Market Research
“Lighting Fixtures Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 - 2021” the lighting fixtures
market was valued at US$136.30 bn in 2014; and is expected to reach
US$215.29 bn in 2021, at a CAGR of 6.9% from 2015 to 2021.
Browse
the full Lighting Fixtures Market Report at
http://www.transparencymarketresearch.com/lighting-fixture-market.html
Lighting
market transition from traditional lighting technology such as
incandescent and fluorescent lamps to more energy efficient lighting
technology such as LED and OLED lamps is primarily driving the growth
of lighting fixtures market. Growth in construction industry
globally, is leading to increasing infrastructure development
primarily in semi-urban and rural areas. Due to this factor,
installation of lighting fixtures in residential, commercial and
public buildings is expected to surge during the forecast period,
driving the lighting fixtures market growth.
lighting-fixture-market
However,
high initial investment for installation of new lighting fixtures and
retrofitting traditional lighting fixtures is posing as a major
restraint to the growth of the global lighting fixtures market.
Moreover, complex buying decision process of lighting fixtures is
inhibiting lighting fixtures market growth.
Key
opportunity of the global lighting fixtures market lies in
retrofitting the traditional lighting fixtures with advanced lighting
fixtures. Optimal functioning of new lighting technology such as LED
and OLED lighting technology are dependent on the advanced design of
the lighting fixture. Demands for these advanced lighting
technologies are creating new opportunities for existing and new
players in the lighting fixtures market.
Geographically,
Asia Pacific led the lighting fixtures market in 2015 and the region
is expected to continue its dominance till 2021. The growth in this
region is attributed to the increasing urbanization and surge in
investment in construction industry. However, due to rising
government regulations and policies aimed at encouraging
implementation of energy efficient lighting over traditional lighting
such as incandescent and fluorescent lighting, Europe have the
highest growth potential during the forecast period.
Key
players have also been profiled on the basis of company overview,
financial overview, business strategies and recent developments in
the field of lighting fixtures industry. Major market participants
profiled in this report include Acuity Brands, Inc. (U.S.), Cooper
Lighting, LLC (U.S.), General Electric Company (U.S.), Hubbell
Lighting, Inc. (U.S.) and Koninklijke Philips N.V. (Netherlands)
among others. The global lighting market is a highly fragmented
market at the bottom due to the presence of large number of local
players globally. Additionally, leading players of the market is
focusing on growing opportunities in the field of energy efficient
lighting fixtures.
The
report studies the global lighting fixtures market, and provides
estimates in terms of revenue (USD Billion) from 2015 to 2021. Market
estimates on the basis of product type and application for each
region. The market has been segmented as follows
Global
Lighting Fixtures Market: By Product Type
Ceiling,
Pendant and Chandelier
Wall
Mounted
Recessed
Portable
High
Bay and Low Bay
Others
(Emergency Lighting, Track Lighting and Fan)
Global
Lighting Fixtures Market: By Application
Industrial
and Commercial
Residential
Outdoor
Architectural
Others
(Automotive, Aerospace and Machinery)
The
report provides a cross-sectional analysis of all the above segments
with respect to the following regions:
Global
Lighting Fixtures Market: By Geography
North
America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Rest
of Europe
Asia
Pacific
India
China
Japan
Rest
of Asia Pacific
Rest
of the World
Latin
America
Middle
East
Africa
Request
A Sample Of This Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6281
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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