Global Floodlights Market Overview:
Floodlights lights are designed to fulfill the lighting applications of City Road Lighting, Periphery Lighting, Prestigious Heritage Area Outdoor Lighting and Urban Landscape Lighting. Floodlights are ideal for lighting driveways, gardens and buildings. These energy e cient lights emit bright, vibrant light and make an eco-friendly alternative for traditional halogen floodlights and metal halide fixtures. Earlier Fluorescent lights were there, as the technology has been changed CFL and LED floodlights are mainly used.
Growth Drivers
- Increasing Used of Floodlights for Outdoor Lighting in Several Commercial and Industrial Applications
- Increasing the Usage of Lightings at Locations Like Amusement Parks, Stadiums
Roadblocks
- Initial Cost Is Higher Than Traditional Lamps
Opportunities
- Rising Use of Floodlights in Automobiles
- Growing Awareness about Energy Conservation
Challenges
- LED Flood Lights Are Not Powerful Enough For Some Critical Applications That Need Extra-High Lumen
Competitive Landscape:
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 competitive advantage through combined synergies.
Some of the key players profiled in the report are Crompton (India), Harvells (United States), Abacus (United Kingdom), Wipro Lighting (India), Atlas (United States), General Electric Company (United States), Iwasaki Electric (Japan), Lithonia Lighting (United States), Philips (Netherlands) and Eaton (Ireland). Additionally, following companies can also be profiled that are part of our coverage like V-TAC (Bulgaria), Thorn (United Kingdom), Gerard Lighting (Australia) and Luceco (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Floodlights market by 2026. Considering Market by Technology, the sub-segment i.e. Fluorescent will boost the Floodlights market. Considering Market by Range, the sub-segment i.e. 10W–20W will boost the Floodlights market.
What Can be Explored with the Floodlights Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Floodlights Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Floodlights
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Floodlights 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 Floodlights 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 Manufacturers of Floodlights, Suppliers of Floodlights, Wholesalers, Distributors and Retailers of Floodlights, Automobile Industry and Governmental Bodies.
This helps us to gather the data related to 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, USPTO, EPO, Annual reports, press releases etc.