About Down Light
Down Light is a light fixture that is inculcated or installed into a hollow opening in a ceiling. The rising adoption of technologically advanced in these lights, cost-effective, is fuelling the growth of this market. Thus global downlight market is 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 the rest of the Asia-Pacific region.
Attributes | Details |
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Study Period | 2019-2029 |
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. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Down 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.
General Electric (United States), Koninklijke Philips N.V. (Netherlands), Eaton (Ireland), OPPLE (China), Osram GmbH (Germany), Nichia Corporation (Japan), Seoul Semiconductor Co Ltd (South Korea), Focal Point Lights (United States), Ledvance (Germany), STABDARD Products Inc. (Canada) and Saxby lighting (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are 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 Down Light market by Type (Scanning Down Light, Reflecting Down Light and Halogen Down Light), Application (Indoor Lighting and Outdoor Lighting) and Region.
On the basis of geography, the market of Down 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 Installation Type, the sub-segment i.e. New Installation will boost the Down Light market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Users, the sub-segment i.e. Residential End-Users will boost the Down Light market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Intelligent or Smart Lighting Systems and Adoption of AI and IoT in these Down Lights is Trending the Market
Market Growth Drivers:
High Demand for Down Light-Driven by the Modernization and Development of Infrastructure Such as Smart Cities and Rising Adoption of these Lights due to Rising Energy-Efficient Lighting
Challenges:
Rising Competition among Other Players and Lack of Common Open Standards
Restraints:
Lack of Awareness Regarding Installation Costs and Payback Periods and High Cost Associated with Down Lights
Opportunities:
Government Initiatives Offering Several Subsidies to the Light Manufacturers and Development of Wireless Technology for these Lighting Systems
Market Leaders and their expansionary development strategies
In May 2022, Delta Light Group grows after acquisition of American Lambent Lighting Group. This acquisition fits in with our strategy to grow further internationally, and more specifically in the North American market.
On August 31, WELLMAX, a leading global supplier of LED lighting products, announced its new product-Sunlight Series DOB Downlight, which attracts wide attention. This series is available in both surfaced and recessed installation and is suitable for a wide range of scenarios, including home, office, corridor, aisle, shopping mall, exhibition hall, etc. Equipped with SAMSUNG LED chips, the new Sunlight series is designed for delivering the maximum lumen output with the slimmest body and optimizing the DOB lighting solution to provide customers with the best LED downlight.
Key Target Audience
Down Light Manufactures and Distributors, 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.