The analysts forecast the global professional luminaires market to grow at a CAGR of 4.29% during the period 2018-2022.
A luminaire is a complete lighting unit consisting of a lamp or lamps together with the parts designed to distribute the light, to position and protect the lamps and ballast (where applicable), and to connect the lamps to the power supply.
The report covers the present scenario and the growth prospects of the global professional luminaires market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in the market is increasing focus on health and wellness in buildings. With growing importance on energy conservation, there has been a surge by building developers to design buildings in a way that meets sustainable design, construction and operations criteria.
One driver in the market is improvement in LED lighting technology. LED technology has undergone a remarkable change in the past decade owing to the widespread use of LEDs in industrial and commercial applications.
The report states that one challenge in the market is high upfront cost of LEDs. One of the major challenge in the global luminaires market is the high upfront cost of LED luminaries. While in the long run, the operational cost of LED luminaries is lower than that of traditional luminaries owing to low energy consumption, the purchase cost of LEDs is significantly higher than that of conventional bulbs.
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Technology
8: Customer Landscape
9: Market Segmentation By End-User
10: Regional Landscape
11: Decision Framework
12: Drivers And Challenges
13: Market Trends
14: Vendor Landscape
15: Vendor Analysis
- Acuity Brands
- GENERAL ELECTRIC
- Koninklijke Philips
For more information about this report visit https://www.researchandmarkets.com/research/bcrtzn/global?w=4