PUBLISHER: TechNavio | PRODUCT CODE: 1748577
PUBLISHER: TechNavio | PRODUCT CODE: 1748577
The professional lighting market is forecasted to grow by USD 48,196.6 mn during 2024-2029, accelerating at a CAGR of 7.4% during the forecast period. The report on the professional lighting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing urbanization and infrastructure development, government regulations and energy efficiency initiatives, and growing demand for architectural and decorative lighting.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 6.8% |
CAGR | 7.4% |
Incremental Value | $48,196.6 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's professional lighting market is segmented as below:
By Type
By Component
By Distribution Channel
By Geographical Landscape
This study identifies the technological advancements in professional lighting as one of the prime reasons driving the professional lighting market growth during the next few years. Also, growing focus on human-centric lighting solutions and integration of lighting systems with internet of things (IoT) technology will lead to sizable demand in the market.
The report on the professional lighting market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading professional lighting market vendors that include Barco NV, CHAUVET Professional, Dialight PLC, Energizer Holdings Inc., Glamox AS, Havells India Ltd., Holectron, HUAYI Lighting Company Ltd., Hubbell Inc., Leedarson IoT Technology Inc., Lumega, MIDEA Group Co. Ltd., NVC Lighting Ltd., Opple Lighting Co. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Signify NV, TCL Industries Holdings Co. Ltd., The Feilo Sylvania Group, Topstar Inc., Toshiba Corp., TRILUX GmbH and Co. KG, US LED Ltd., Wipro Ltd., and Zumtobel Group AG. Also, the professional lighting market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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