Bulkhead Lighting Market size was valued at USD 433.43 Million in 2022, expanding at a CAGR of 5.62% from 2023 to 2030.
Bulkhead lighting is a term used to describe a particular kind of sturdy and weatherproof light fixture that is frequently used in outdoor and industrial situations. It offers defense against dirt, dampness, and vandalism thanks to its sturdy structure and sealed design. Bulkhead fixtures are adaptable and offer illumination for pathways, hallways, parking spaces, and other demanding locations, guaranteeing dependable and safe lighting solutions. They often have a semi-circular or square form.
Bulkhead Lighting Market- Market Dynamics:
- Growing adoption of energy-efficient lighting solutions.
- The market for bulkhead lighting is expanding rapidly as a result of the growing popularity of energy-saving lighting options. The need for long-lasting and weather-resistant bulkhead lighting has increased as businesses and people place an increased emphasis on sustainability and cost reduction. These lights not only offer dependable lighting for a range of industrial and outdoor applications, but they also help cut down on energy use and operating costs. Bulkhead lighting solutions are significantly influencing the future of effective and ecologically responsible lighting systems due to their durable construction and green features. The IEA estimates that by 2022, yearly investments in energy-efficient buildings total USD 215 billion.
Bulkhead Lighting Market- Key Insights:
- As per the analysis shared by our research analyst, the global Bulkhead Lighting market is estimated to grow annually at a CAGR of around 5.62% over the forecast period (2023-2030)
- The Bulkhead Lighting industry is projected to grow at a significant rate due to the growing adoption of energy-efficient lighting solutions
- Based on type segmentation, LED bulkhead lighting were predicted to show maximum market share in the year 2022
- Based on application segmentation, residential was the leading type in 2022
- On the basis of region, Asia Pacific was the leading revenue generator in 2022
Bulkhead Lighting Market- Segmentation Analysis:
- The Global Bulkhead Lighting Market is segmented on the basis of Type, Application, and Region.
- The market is divided into categories based on Type: incandescent bulkhead lighting, LED bulkhead lighting, and halogen bulkhead lighting. The PP granules sector dominates the market. The majority of the market was occupied by the LED bulkhead lighting sector. There is a developing need for energy-efficient lighting options like LED bulkhead lights due to concerns about environmental sustainability and energy saving. cheaper energy bills and cheaper maintenance expenses are the result of the less energy that these lights use and their longer lifespan.
- The market is divided into categories based on application: residential and commercial. Over the projected period, the worldwide bulkhead lighting market is anticipated to increase as a result of the increasing acceptance of bulkhead lighting in residential applications. This kind of lighting is a preferred alternative for places such as toilets, hallways, and outdoor corridors. The market is growing as a result of the fast-rising demand for various applications.
Bulkhead Lighting Market- Geographical Insights:
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The increased focus on energy economy, safety, and durability has led to an expansion of the bulkhead lighting industry in North America. The demand is being driven by an increase in industrial and commercial growth as well as legislative incentives for eco-friendly lighting options. Because of its durability and affordability, bulkhead lighting is a popular option for a variety of outdoor and industrial uses in the region.
Bulkhead Lighting Market- Competitive Landscape:
Companies sell their products through a variety of channels, including corporate websites, e-commerce websites, retailers, distributors, and end consumers. Products makers compete on a variety of aspects, including product costs, performance, product making, technology, reputation, and availability. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, distribution network development, R&D spending, and mergers and acquisitions. For instance, NVC Lighting announced the release of the NVC Eco LED Bulkhead in 2021, that is an environmentally friendly bulkhead lighting solution suitable for outdoor and indoor applications. The device has an estimated lifespan of up to 50,000 hours and includes a high-quality LED light supply.
In 2021, Schneider Electric, an established manufacturer of automation solutions and energy management, announced a collaboration with Signify to connect its building management system (BMS) with Signify's Interact IoT system, allowing for improved functionality and management of the lighting systems in commercial buildings.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL BULKHEAD LIGHTING MARKET KEY PLAYERS
- Zumtobel Group AG
- Wipro Enterprises Private Limited
- Thorn Lighting
- Philips Lighting
- Osram Licht AG
- Nordlux A/S
- Hubbell Incorporated
- Glamox AS
- General Electric Company
- Feilo Sylvania
- Eaton Corporation
- Dialight plc
- Crompton Greaves Consumer Electricals Limited
- Chalmit Lighting
- Acuity Brands Lighting, Inc.
GLOBAL BULKHEAD LIGHTING MARKET, BY TYPE
- LED Bulkhead Lighting
- Incandescent Bulkhead Lighting
- Halogen Bulkhead Lighting
GLOBAL BULKHEAD LIGHTING MARKET, BY APPLICATION
GLOBAL BULKHEAD LIGHTING MARKET, BY REGION
- North America
- The U.S.
- United Kingdom
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA