About Commercial Luminaire
The global commercial luminaire market is growing at a significant pace due to rising demand of different types of cost-effective and ecofriendly lighting solutions for growing commercial buildings. Moreover, increasing government initiatives towards LED adoption by reduction of cost of LEDs which is supporting the adoption of LEDs in commercial and residential sector is another major factor aiding the growth for commercial luminaire market globally.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are focusing on merger and acquisition strategies to remain competitive in the market. For instance, in July 2019, Gignify Holdings (formerly Phillips Lighting) acquired 51% stake in Zhejiang Klite Lighting Holdings Co. Ltd. (A leading Chinese vendor of high quality, cost-effective LED solutions) to strengthen its position in the LED lighting market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ACUITY BRANDS LIGHTING, INC. (United States), Asian Electronics Ltd (India), CG Power and Industrial Solutions Limited (India), Cree, Inc (United States), Eaton (Ireland), Evolution Lighting (United States), GE Current, a Daintree company (United States), Hubbell (United States), Kalco Lighting Limited (United States), LSI Industries (United States), OSRAM SYLVANIA Inc. (United States), Anchor Electricals Pvt. Ltd. (India), Signify Holding (The Netherlands) and Thorlux Lighting (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Foshan Electrical and Lighting Co., Ltd. (FSL Lighting) (China), NVC Lighting (China), Opple Lighting (China), Targetti Sankey S.p.A. (Italy), Technical Consumer Products, Inc. (United States) and Thorn (United States).
Segmentation Overview
AMA Research has segmented the market of Global Commercial Luminaire market by Type (LED, HID, CFL, LFL and Halogen), Application (Retail & Warehousing, Hospitality, Institution & Classroom, Healthcare & Medical, Professional Offices, Shopping Malls and Others) and Region.
On the basis of geography, the market of Commercial Luminaire 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).
Influencing Trend:
Growing Adoption of Smart Lighting in Commercial Buildings and Growing Demand for the Replacement of Traditional Lighting
Market Growth Drivers:
Growing Commercial Building Construction Propelling the Demand of Different Types of Lighting, Government Initiation for LED Adoption Is Reducing the Cost of LEDs & Boosting the Adoption of LED Lighting In Commercial Sector and Growing Demand for Cost-Effective Lighting Solutions in Commercial Business for Achieving Cost-Effective Investments
Challenges:
Electrical Issues Due to Complex Wiring System Leading to Flickering Lights and Challenges in Getting Right Colors for Retailers
Restraints:
Voltage Sensitivity & Temperature Dependence of Lighting Solutions
Opportunities:
Government Smart Cities Initiatives Across Different Countries Creating Demand for Lighting in Commercial Buildings and Renovation and Upgrading of Commercial Buildings
Market Leaders and their expansionary development strategies
In April 2019, General Electric sold its commercial smart lighting business division to a New York-based private equity firm American Industrial Partners (AIP) which will continue to use the brand name of GE under the licensing agreement which includes luminaires as well.
In March 2019, Cree Inc. announced to sell its lighting business to IDEAL INDUSTRIES, INC., which includes the LED lighting fixtures, lamps and corporate lighting solutions business for commercial, industrial and consumer applications worth around USD 310 million.
Analyst View
The global commercial luminaire market is highly fragmented with the presence of more than 50 players across the world wherein the top 10 players account for 40-50% of market share according to AMA analysis. Moreover, the companies in this market are trying to expand their business by partnering up with large scale distributors which are continuously expanding across different regions to remain competitive in this market. For instance, in 2018, Regency Lighting (one of the largest distributors of Phillips LED lighting products across North America) launched a new ecommerce website to make availability of products easier in San Diego.
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.