Commercial lighting is used for commercial places such as offices, institutions, stores, malls, government buildings, airports, hospitals, etc. These lightning have better durability, higher maintenance, longer lifespan, and higher energy-saving option. The rapid transition from traditional lighting to connected lighting solutions and increased solar lighting system adoption are the major driving factors for the commercial lighting market growth.
MARKET DYNAMICS
The commercial lighting market is driving the growth due to the factors such as ongoing and upcoming smart city projects in the developing countries, escalating demand for LED lights and luminaires for use in outdoor applications, increasing acceptance of standard protocols for lighting control systems, and growing focus of governments worldwide on energy consumption. However, high initial cost and high integration and installation service cost are the key hindering factors for the commercial lightening market growth. Moreover, the high adoption of smart lighting in commercial spaces is gaining more traction, which creates lucrative growth opportunities for the commercial lighting market in the coming years.
MARKET SCOPE
The "Global Commercial Lighting Market Analysis to 2028" is a specialized and in-depth study of the commercial lighting industry with a special focus on the global market trend analysis. The report aims to provide an overview commercial lighting market with detailed market segmentation as offering, installation type, communication technology, application, and geography. The global commercial lighting market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading commercial lighting market players and offers key trends and opportunities in the commercial lighting market.
MARKET SEGMENTATION
The global commercial lighting market is segmented on the basis of offering, installation type, communication technology, application. On the basis of offering the market is segmented as hardware, software, services. On the basis of installation type the market is segmented as new installation, retrofit installation. On the basis of communication technology the market is segmented as wired, wireless. On the basis of application the market is segmented as indoor, outdoor.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Commercial lighting market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The commercial lighting market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting commercial lighting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the commercial lighting market in these regions.
MARKET PLAYERS
The reports cover key developments in the commercial lighting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from commercial lighting market are anticipated to lucrative growth opportunities in the future with the rising demand for commercial lighting in the global market. Below mentioned is the list of few companies engaged in the commercial lighting market.
The report also includes the profiles of key commercial lighting companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Acuity Brands, Inc.
- Cree Lighting (Ideal Industries, Inc.)
- GE Current, a Daintree company
- Hubbell Incorporated
- Legrand S.A.
- Leviton Manufacturing Company, Inc.
- Lutron Electronics Co., Inc
- Osram Licht AG
- Signify Holding
- Zumtobel Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.