About LED Ceiling Light
The global LED ceiling light market is the expected to witness significant growth in the forecast period majorly owing to the growing urbanizations and infrastructure developments especially in developing countries such as India, China, Eastern Europe and rest of Asia-Pacific region. New generation LED ceiling light are technological advanced and cost effective, this is fuelling the growth of the global LED ceiling light market.
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 mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Manufacturers having a strong hold in the market are Koninklijke Philips N.V., General Electric, Osram GmbH, and Acuity Brands, Inc.. Analyst at AMA Research estimates that United States and Asian Manufacturers will contribute the maximum growth to Global LED Ceiling Light market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Koninklijke Philips N.V. (Netherlands), General Electric (United States), Osram GmbH (Germany), Acuity Brands, Inc. (United States), Cree, Inc. (United States), Eaton (Ireland), Nichia Corporation (Japan), Seoul Semiconductor Co Ltd (South Korea), Zumtobel Group (Austria) and Everlight Electronics (Taiwan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are AC Electronics (United States), Moser Baer India Limited (India), Syska (India), Eveready Industries India Ltd. (India), Wipro Consumer Lighting (India), Bajaj Electricals Ltd (India) and Havells India Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global LED Ceiling Light market by Type (LED Down Lights, Panel Lights, Surface Mounted and Other), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of LED Ceiling Light 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 Distribution Channel, the sub-segment i.e. Online will boost the LED Ceiling Light market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Intelligent LED Lighting Systems
Market Growth Drivers:
Increasing Infrastructure Developments and Construction Industry Especially in Emerging Economies such as India, China, and Brazil, Rising Adoption of LED Lights due to Rising Energy-Efficient Lighting and Government initiatives offering several subsidies to the LED Manufacturers
Challenges:
Intense Competition among the Competitors
Restraints:
High Cost Associated with LED Ceiling Light as Compare to Other Light
Opportunities:
Rising Integrating IoT with LED Lighting Solutions by Various Manufacturers and Technological Advancement and Improvements in LEDs and other Ceiling Lights
Market Leaders and their expansionary development strategies
In September 2020, Montreal-based Lumenpulse, manufacturer of high-performance, specification-grade LED lighting solutions, has acquired all of the equity interest in Italian lighting company Exenia, manufacturer of architectural indoor LED lighting solutions. The acquisition expands Lumenpulse’s product portfolio to include the architectural indoor arena. It also creates an opening for Lumenpulse to market its products in Italy.
In October 2023, ams OSRAM, the market leader in automotive lighting, is expanding its renowned series of LED retrofit lamps. With the street-approved OSRAM NIGHT BREAKER® H1-LED, drivers can legally, easily and cost-effectively upgrade their conventional H1 halogen low-beam and high-beam head-lights to LED technology.
Key Target Audience
LED Ceiling Light Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
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.