The study covers a detailed analysis segmented by key business segments i.e. by type (Ceiling, Wall Mounting, Underwater and Others) , by application (Household, Industrial and Others) and major geographies. Research Analyst at AMA predicts that China Vendors will contribute to the maximum growth of Global Waterproof Lamp market throughout the predicted period.
What is Waterproof Lamp?
Waterproof Lamp is defined as a lamp that is resistant to water or moisture. These lamps feature watertight or IP rated enclosures, to protect them from different kinds of liquids. An IP rating offers the level of waterproofing a product is capable of, which is based on a standardized scale such as (EN 60529 [British BS EN 60529:1992, European IEC 60509:1989]). Waterproof lamps are majorly used for outdoor lightening purpose where lamps can come in contact with moisture or water. Moreover, the increasing initiative of government towards energy saving or conservation is driving the market.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Waterproof Lamp market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, including:
- Panasonic (Japan)
- Philips (The Netherlands)
- Far East (China)
- Shangyuan (China)
- EncapSulite (United Kingdom)
- ARIHANT (India)
Market Trend
Growing Adoption of Energy-Saving and Economical Lighting Solutions in Many Application of Marine and Adoption of the Concepts like Smart Outdoor Lighting System
Restraints
- High Price for these Lamps
Opportunities
Growing Advancements in the Lighting Technology, Such as the Use of Chip-On-Board (COB) Technology and Rising Awareness Regarding these Waterproof Lamps in Developing Countries
Key highlights of the Global Waterproof Lamp market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Waterproof Lamp market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Waterproof Lamp market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Waterproof Lamp Vendors
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Waterproof Lamp market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Waterproof Lamp market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Potential Investors, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.