Commercial lighting market will reach at an estimated value of USD 27.9 million by 2028 and grow at a CAGR of 20.10% in the forecast period of 2021 to 2028. Rise in the ongoing and upcoming smart city projects in developing countries is an essential factor driving the commercial lighting market.
Global COMMERCIAL LIGHTING MARKET report employs excellent research methodology which focuses on market share analysis and key trend analysis. A data triangulation method has been utilized for this purpose which has plentiful components such as data mining, analysis of data variable effect on the market, and primary or industry expert validation. Few more data models employed for the research methodology are merchant positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, thorough analysis and vendor share analysis. Market analysis covered here suits the requirements of small, medium as well as large size of businesses.
Commercial lighting market Scope & Size:
Commercial lighting market is segmented on the basis of offering, installation type, application and end-user.
- On the basis of offering, commercial lighting market is segmented into hardware, software and services.
- Based on installation type, the commercial lighting market is segmented into new and retrofit.
- Based on application, the commercial lighting market is segmented into indoor lighting and outdoor lighting.
- The commercial lighting market is also segmented on the basis of end-user into industrial and commercial.
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Some of the key questions answered in this report:
How has the Commercial lighting market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-16.8 on the Commercial lighting market?
- What are the key regional markets?
- What is the breakup of the market based on the procedure?
- What is the breakup of the market based on the injury location?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Commercial lighting market and who are the key players?
- What is the degree of competition in the industry?
Market Analysis and Insights: Commercial lighting market
- Lighting or illumination is defined as the deliberate use of light to achieve aesthetic effects or practical. Lighting includes the use of both artificial light sources like lamps and light fixtures, along with natural illumination by capturing daylight.
- Rise in the focus of governments worldwide on energy conservation is a crucial factor accelerating the market growth, also increase in the acceptance of standard protocols for lighting control systems, rise in the demand for LED lights and luminaires for use in outdoor applications, increase in the use of integrated lighting control systems, rise in the adoption of LED lights all over the globe and rise in the concern over reduction of non-renewable sources of power are the major factors among others boosting the commercial lighting market Moreover, rise in the rapid transition from traditional lighting to connected lighting solutions, increase in the adoption of PoE-based and solar lighting solutions and rise in the research and development activities in the market will further create new opportunities for commercial lighting market in the forecast period mentioned above.
Commercial lighting market - Regional Level Analysis
- The countries covered in the commercial lighting market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Commercial lighting market - Share Analysis:
- Commercial lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to commercial lighting market.
Key player - Commercial lighting market
The major players covered in commercial lighting market report are
- Signify Holding
- Legrand
- ACUITY BRANDS LIGHTING, INC
- GE CURRENT
- Leviton Manufacturing Co., Inc
- Lutron Electronics Co.
- Inc, Hubbell
- LEDVANCE
- Schneider Electric
- IDEAL INDUSTRIES, INC
- Zumtobel Group
- Dialight and OSRAM GmbH among other domestic and global players.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Commercial lighting market Share by Product & Procedure type
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