About Indoor Luminaires
The nicest kind of lighting at home can be used, natural light is also the most difficult to control. Proper lighting ensures that each room sets the mood you want to convey and is properly set up for the activities that take place there. There are mainly two broad categories of indoor lighting: natural and artificial. Everyone creates their own effect and everyone has their own rules. Most of the rooms in the home contain natural and man-made sources. Hence, it is important to include both types in your plan. With their downlight properties, they are also suitable for highlighting prominent areas such as entrances, sales points, or for focusing on works of art. These lights are ideal for large, high rooms.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Indoor Luminaires market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siteco Beleuchtungstechnik GmbH (Germany), Vestel LED (Turkey), Thorn Lighting (United Kingdom), Toshiba (Japan), Panasonic (Japan), GE Lighting (United States), Philips Lighting (Netherlands), Acuity Brands (United States), Eaton Corporation (Ireland), PXF (Poland) and STANDARD (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Pelsan Aydınlatma (Turkey) and Osram (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Indoor Luminaires market by Type (Incandescent Lamp, LED Lamp, Halogen Lamp, Fluorescent Lamp, Xenon Lamp and Others), Application (Household, Commercial and Industrial) and Region.
On the basis of geography, the market of Indoor Luminaires has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Wired Technology will boost the Indoor Luminaires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Indoor Luminaires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Installation Type, the sub-segment i.e. New Installation will boost the Indoor Luminaires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Modernization and Development of Infrastructure to Transform Cities Into Smart Cities and Surging Need for Energy-Efficient Lighting Systems
Market Growth Drivers:
Increased Demand for Intelligent Solutions for Indoor Luminaires Systems, Growing Awareness About Energy Savings Among Consumers and Governments Globally and Increasing Penetration and Decreasing Cost of LEDs
Challenges:
High Upfront Cost of LEDs
Restraints:
Perception of Higher Costs of Installation and Limited Awareness About Payback Periods
Opportunities:
Advancement of Wireless Communication Technology for Indoor Luminaires Systems, Increasing Number of Smart City Projects and Development of IoT Technology for Smart Indoor Luminaires
Market Leaders and their expansionary development strategies
In September 2019, Acuity Brands, Inc. announced that its wholly-owned subsidiary, Acuity Brands Lighting, Inc., has entered into a purchase agreement to acquire all of the equity interests of The Luminaires Group, a leading provider of specification-grade luminaires for commercial, institutional, hospitality and municipal markets, all of which complements the Company’s current and dynamic lighting portfolio. TLG’s indoor and outdoor lighting fixtures are marketed to architects, landscape architects, interior designers and engineers through five niche lighting brands: a-light, Cyclone, Eureka, Luminaire LED and Luminis
In August 2023, Inter-lux announce Inter-lux Decorative, a collection representing the best in decorative lighting design for use in commercial and hospitality markets. Inter-lux Decorative currently includes David Trubridge and Stilnovo. Hush and a few Linea Light products will soon join this collection as well.
Key Target Audience
Manufacturers of Indoor Luminaires, Suppliers and Distributors of Indoor Luminaires, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory, Enterprise Users, Commercial Users, Industrial Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.