Global Recessed Downlights Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Recessed Downlights Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Recessed downlights, also known as can lights or pot lights, are an excellent choice for many residential and commercial applications. A recessed downlight is a light fixture that is installed into a hollow opening in a ceiling. When installed it appears to have light shining from a hole in the ceiling, concentrating the light in a downward direction as a broad floodlight or narrow spotlight. Recessed downlight is the most flexible form of light for both commercial buildings and residential. Recessed downlights are available in a number of different sizes or diameters, fluctuating from two to eight inches.

Market Overview:

The latest research study on the global Recessed Downlights market finds that the global Recessed Downlights market reached a value of USD 2993.15 million in 2022. It’s expected that the market will achieve USD 4489.06 million by 2028, exhibiting a CAGR of 6.99% during the forecast period.

The development of the real estate industry

Highly emergent sector of real estate is one of the driving factors for the global recessed downlights market. In addition, factors such as engineering advantages, availability of a wide variety of recessed downlights, different colors in the lighting, as well as, flexibility in fitting also contribute to the growth in the adoption of recessed downlights. Furthermore, energy efficiency provided by latest fittings of recessed downlights, disciplinary policies by the government for energy conservation, and rapid adoption of clean & minimalistic design are promoting growth in the recessed downlights market.

Increasing demand

Recessed downlight is a light fixture installed in a hollow opening in the ceiling. It is also known as downlight or pot light. With recent rise in demand for aesthetically pleasing homes, the recess lighting market is garnering exponential growth. Rapid population growth, migration from rural areas to urban cities is causing the real estate industry to reduce ceiling heights in latest constructions. This has practically caused the need and demand for recessed downlights to skyrocket. Furthermore, recessed downlights can also be installed in water intensive environments, boosting growth in the global recessed lighting market. Besides, one of the major drivers for recessed lighting market is by rising construction area along with improved appealing and engineering benefits. The growing real-estate market enhances the market for recessed lightings that are used widely in residential areas, hotels, showrooms, and offices. Additionally, the availability of colors, variety and flexibility of installing recessed lighting make it more interior friendly is one of the drivers of recessed lighting market.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Signify is one of the major players operating in the Recessed Downlights market, holding a share of 5.82% in 2022.

Signify is the world leader in lighting for professionals, consumers and lighting for the Internet of Things. Signify’s energy efficient lighting products, systems and services enable the customers to enjoy a superior quality of light, and make people’s lives safer and more comfortable, and businesses more productive and cities more livable.

ZUMTOBEL

ZUMTOBEL is internationally leading supplier of integral lighting solutions. Zumtobel uses integral lighting solutions to create lighting scenes that make it possible to experience the interplay between light and architecture in all its diverse complexity. The combined use of luminaires, lighting management and emergency lighting systems is geared towards the architecture of a building and the particular application situation.

Segmentation Overview:

Among different product types, 4 Inch segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Commercial Use segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Recessed Downlights market covered in Chapter 3:

Climar
Puraluce srl
Doxis Lighting Factory
FAGERHULT
REGENT
Aqlus
De Majo Illuminazione
Lumenpulse
Feilo Sylvania
FLOS
Ivela spa
Signify
3F Filippi
Targetti Sankey
ZUMTOBEL

In Chapter 4 and Chapter 14.2, on the basis of types, the Recessed Downlights market from 2018 to 2029 is primarily split into:

5 Inch
4 Inch
2.5 Inch
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Recessed Downlights market from 2018 to 2029 covers:

Household Use
Commercial Use

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)