The Global Commercial Lighting Market Research Report is a detailed document describing recent advancements and developments in the field of Commercial Lightings considering 2019 as the base year and 2022-2030 as the forecast timeframe. Profiles of both established and up-and-coming players are also provided, together with information on their business strategies, product portfolios, strategic alliances, and business expansion plans. Due to travel restrictions and the influence lockdowns have on supply and demand, the current COVID-19 epidemic is anticipated to have an impact on the expansion of the Commercial Lighting industry. The market's expansion on a national and international level is also covered in the study. In numerous important regions, market growth has been significantly hampered by supply chain interruptions and economic instability.
Many areas of the international market have been impacted by the COVID-19 epidemic, and Commercial Lighting is probably one of them. The sector's growth would be further hampered by the recession in the economy and the dynamic shifts in demand. The COVID-19 pandemic's effects on the entire Commercial Lighting industry are covered in the paper. The paper examines the pandemic's present and potential effects as well as the post-pandemic commercial environment. Market size, market share, sales channels, distribution networks, market segments, needs, trends, and growth prospects are all covered in great detail in the report.
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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Key companies profiled in the report include:
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
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
The paper provides a thorough examination of the worldwide and regional markets for keywords and forecasts the market for the next eight years. The market's drivers, restrictions, limitations, growth prospects, challenges, opportunities, and current and upcoming trends are all thoroughly covered in the report. In-depth analysis of the market participants' businesses, product portfolios, technical breakthroughs, expansion plans, financial status, and international positions is also provided in the study. It also gives light on the competitive landscape's joint ventures, partnerships, product launches, brand promotions, business and government relationships, licensing agreements, and other types of collaborations.
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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.
On the basis of type, the market is segmented into
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
The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.
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