About Luminaires
A luminaire, a complete lighting unit, comprised of a light source (lamp or lamps), and connect the lamps to the power supply. Its function is to direct light to appropriate locations, without causing glare or discomfort. In the current scenario, increasing government expenditure on public infrastructure and focusing on reducing the energy utilisation by substituting the traditional lighting systems with efficient and advance lighting control systems are the major driving factors in the growth of the very market worldwide.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Luminaires market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Luminaires Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States, Japanese and Chinese Manufacturers will contribute the maximum growth to Global Luminaires 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.
Acuity Brands (United States), Honeywell (United States), Philips (Netherlands), Cree (United States), Legrand (France), OSRAM (Germany), Zumtobel Group (Austria), Panasonic (Japan), Control4 Corporation (United States), Siemens (Germany), Toshiba (Japan) and General Electric (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Huayi Lighting Company Limited (China), OPPLE Lighting (China), Shanxi Guangyu LED Lighting Co. Ltd (China), SoftDel (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Luminaires market by Type (Traditional and LED), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of 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 Type, the sub-segment i.e. Wired Technology will boost the 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 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 Street Lighting 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 and Security and Privacy Issues in Smart Luminaires Systems
Opportunities:
Advancement of Wireless Communication Technology for Smart Lighting Systems, Increasing Number of Smart City Projects and Development of IoT Technology for Smart Lighting
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 (“TLG”), 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.
April 2018, Lutron Electronics, the leader in smart lighting controls and automated shading solutions, has signed an agreement to acquire Ketra, whose Natural Light solutions provide the highest-quality light, that seamlessly emulates daylight in interior spaces
The US Department of Energy (DOE) has begun the process of changing the scope of which products fall under the designations “general service lamp” (GSL) and “general service incandescent lamp” (GSIL), essentially rolling back policy that would have required a conversion of more lamp types to LED sources in the coming year. In addition, The NEMA (National Electrical Manufacturers Association) organisation has taken legal action and lobbied for such a change, supported by major light-bulb manufacturers that are members of the organisation.
Key Target Audience
Semiconductor and electronic component manufacturers and distributors, Sensor manufacturers and distributors, Raw material and manufacturing equipment suppliers, Original equipment manufacturers (OEMs), System Integrator, Government bodies, venture capitalists, and private equity firms, Lighting and lighting control system manufacturers and Lighting control system manufacturers
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.