Global Luminaire Market Growth 2023-2029

Global Luminaire Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Luminaire Industry Forecast” looks at past sales and reviews total world Luminaire sales in 2022, providing a comprehensive analysis by region and market sector of projected Luminaire sales for 2023 through 2029. With Luminaire sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Luminaire industry.
This Insight Report provides a comprehensive analysis of the global Luminaire landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Luminaire portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Luminaire market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Luminaire and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Luminaire.
The global Luminaire market size is projected to grow from US$ 70690 million in 2022 to US$ 84560 million in 2029; it is expected to grow at a CAGR of 84560 from 2023 to 2029.
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%.
This report presents a comprehensive overview, market shares, and growth opportunities of Luminaire market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
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?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.