Global Luminaire Market Growth 2024-2030

Global Luminaire Market Growth 2024-2030

Product Code:812325

Published Date: Jan 02,2024

Pages: 149

Region: Global

Category: Consumer Goods

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According to our LPI (LP Information) latest study, the global Luminaire market size was valued at US$ 70690 million in 2023. With growing demand in downstream market, the Luminaire is forecast to a readjusted size of US$ 84560 million by 2030 with a CAGR of 2.6% during review period. 
The research report highlights the growth potential of the global Luminaire market. Luminaire are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Luminaire. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Luminaire market.

Luminaire is able to provide a light source apparatus and converts electrical energy into electromagnetic radiation, including LED, LFL, CFL, HID, Halogen and Incandescent Luminaire, etc. And it can be used for residential, office, shop, and hospitality, industrial, outdoor and so on.

The major players in global Luminaire market include Philips Lighting, OSRAM, etc., and the market concentration rate is low. North America and Europe are main markets, they occupy about 60% of the global market. LED Luminaire and CFL Luminaire are main types, with a share about 55%. Residential is the main application, which holds a share about 50%.

Key Features:
The report on Luminaire market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Luminaire market. It may include historical data, market segmentation by Type (e.g., LED Luminaire, CFL Luminaire), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Luminaire market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Luminaire market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Luminaire industry. This include advancements in Luminaire technology, Luminaire new entrants, Luminaire new investment, and other innovations that are shaping the future of Luminaire.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Luminaire market. It includes factors influencing customer ' purchasing decisions, preferences for Luminaire product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Luminaire market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Luminaire market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Luminaire market. 
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Luminaire industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Luminaire market.

Market Segmentation:
Luminaire market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
    LED Luminaire
    CFL Luminaire
    LFL Luminaire
    HID Luminaire
    Halogen Luminaire
    Incandescent Luminaire

Segmentation by application
    Residential
    Office
    Shop
    Hospitality
    Industrial
    Outdoor
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Philips Lighting
    OSRAM
    GE Lighting
    Panasonic
    Acuity Brands
    Eaton
    Cree
    Thorn Lighting
    TOSHIBA
    Hubbell Lighting
    Asian Electronics
    Bajaj Electricals
    Targetti
    Taschibra
    LSI Industries
    SIMKAR
    Thorlux Lighting
    Evolution Lighting
    KALCO Lighting
    Venture
    Foshan Lighting
    Opple Lighting
    NVC Lighting
    YANKO Lighting
    PAK Corporation
    LEEDARSON
    Kingsun Optoelectronic
    Forest Lighting
    Huayi Lighting
    TCL Lighting
    Naipu Lighting
    Midea Group
    Huaqiang Lighting
    Handson Lighting
    Guangyu LED Lighting

Key Questions Addressed in this Report
What is the 10-year outlook for the global Luminaire market?
What factors are driving Luminaire market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Luminaire market opportunities vary by end market size?
How does Luminaire break out type, application?