Published on : Feb 20, 2017
ALBANY, NY, Feb 20, 2017: The report titled “Global LED Indoor Lighting Sales Market Report 2017” sheds light on the key market opportunities, trends, forecasts, growth drivers, and restraints.
The report also discusses market attractiveness, supply and demand dynamics, key segmentations, market projections, and competitive overview, together with relevant figures and statistical data. The key market players are discussed in detail, wherein their market shares, product portfolios, and key market strategies have been revealed.
With widespread industrialization and urbanization activities, steady growth in population, and excessive energy consumption, the LED indoor lighting sales market will witness tremendous growth over the next few years. Due to global warming and increasing hazards posed by pollution worldwide, awareness about environment friendly measures is spreading rapidly. The rapid depletion of non-renewable sources of energy are becoming a major concern, calling for the urgent utilization of energy efficient lighting systems. As the LED indoor lighting systems enable effective use of lighting controls, increasing its potential for saving power, the global LED indoor lighting systems will witness considerable demand.
On the other hand, high costs of these lighting systems might pose a threat to market growth. However, untapped market potential due to lower penetration of these systems is expected to provide significant growth opportunities, aiding further expansion of the market.
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On the basis of application, commercial indoor lighting, home indoor lighting, healthcare indoor lighting, and industrial indoor lighting are the key market segments. By product type, the key segments are more than 60w, between 60w and 100w, and less than 100w. The horticulture segment is expected to contribute to the overall growth of the market due to increasing demand, particularly by marijuana growers.
Based on geography, the global market for LED indoor lighting sales has been segmented into Europe, China, Japan, Taiwan, Korea, and United States. The U.S. has been exhibiting increasing demand for these lighting systems as numerous applications such as horticulture, marine, and industrial sectors require these systems. The LED indoor lighting sales market in Europe will also advance steadily on account of the introduction of legislations that ban the usage of halogen lighting systems. The emerging economies such as China and Taiwan will present substantial opportunities owing to rapid economic growth, large scale urban projects, and supportive government policies.
Companies have been concentrating their energies on offering diverse products at competitive rates. With increasing capital of leading market players, advanced technologies, and adoption of strategic collaborations with local market players, the competition is expected to intensify over the coming period.
Some of the major companies operating in the global market for LED indoor lighting sales mentioned in the report are HUGEWIN, Cree, Philips, GE Lighting, XtraLight, Toshiba, Osram, Bravoled, Westinghouse, MaxLite, DECO Lighting, GEMCORE, LSI, RAB Lighting, Ligman Lighting, Havells Sylvania, Acuity Brands, Hubbell Lighting and Emerson Electric.
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