About Luminaires
Luminaires based on LED and conventional light sources include CFL, fluorescent lamps, halogen, HID, and incandescent. LED-based luminaires will account for the largest market share because of their energy efficiency and low operational costs. An LED light bulb on an average consumes 30%-50% less power than a conventional light bulb. In addition, LED bulbs are eco-friendly as they do not contain mercury. The global professional luminaires market is expected to grow at a CAGR of 3.85% during the forecast period, with the majority of demand coming from the residential and commercial segments. In 2015, APAC accounted for 48.49% of the global professional luminaires market.
Technavio’s analysts forecast the global professional luminaires market to grow at a CAGR of 3.85% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global professional luminaires market for 2016-2020. The annual installations of new as well as replacement professional luminaires at market price in various end-user segments have been considered in determining the market size.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Professional Luminaires Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Acuity Brands Inc.
• GE Lighting
• OSRAM Gmbh
• Panasonic Corp.
• Koninklijke Philips N.V.
Market driver
• Increase in urbanization
• For a full, detailed list, view our report
Market challenge
• Long payback period
• For a full, detailed list, view our report
Market trend
• Growing demand for architectural lighting fixtures
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Lighting industry overview
• LED lighting
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by technology
• Global professional luminaires market by technology
• Conventional light source luminaires market 2015-2020
• LED light source luminaires market 2015-2020
PART 07: Market segmentation by end-user
Global professional luminaires market by end-user
• Commercial
• Outdoor
• Industrial
• Architecture
PART 08: Geographical segmentation
• Global professional luminaires market by geography
• APAC
• EMEA
• Americas
PART 09: Key emerging markets
• Brazil
• China
• India
• Russia
PART 10: Market drivers
• Increase in urbanization
• Introduction of energy-efficient lighting technologies
• Strong government support
• Major events and infrastructure projects
PART 11: Impact of drivers
PART 12: Market challenges
• Long payback period
• Absence of global LED standardization
• Higher import duties
• Global economic slowdown
PART 13: Impact of drivers and challenges
PART 14: Market trends
• Growing demand for architectural lighting fixtures
• Declining manufacturing cost of LEDs
• Emergence of smart cities
• Cloud-based smart lighting
PART 15: Vendor landscape
• Competitive scenario
PART 16: Key vendor analysis
• Acuity Brands
• GE Lighting
• OSRAM
• Panasonic
• Philips
PART 17: Appendix
• List of abbreviations
PART 18: Explore Technavio
List of Exhibits
Exhibit 01: Basic components of luminaires
Exhibit 02: Key segments of global lighting market
Exhibit 03: Key countries in each region
Exhibit 04: Product offerings
Exhibit 05: Luminaire products by form
Exhibit 06: General lighting industry
Exhibit 07: Evolution of lighting industry
Exhibit 08: Components of LED bulb
Exhibit 09: Components of LED lighting
Exhibit 10: Light output
Exhibit 11: Efficiency and cost various light sources
Exhibit 12: LED luminaire value chain
Exhibit 13: Global professional luminaires market
Exhibit 14: Global professional luminaires market 2015-2020 ($ billions)
Exhibit 15: Five forces analysis
Exhibit 16: Global professional luminaires market by technology
Exhibit 17: Market share of major professional luminaire technologies during forecast period
Exhibit 18: Global professional luminaires market by light source technologies in terms of revenue generation 2015-2020 (in billions)
Exhibit 19: Conventional light source luminaires technology 2015-2020 ($ billions)
Exhibit 20: Timeline for ban on incandescent light source worldwide 2009-2016
Exhibit 21: LED light source luminaires technology 2015-2020 ($ billions)
Exhibit 22: Cost breakdown of traditional and LED lighting
Exhibit 23: Comparison between LED luminaires, CFL luminaires, and halogen luminaires
Exhibit 24: Cost of LED, CFL, and halogen-based luminaires on the basis of operating hours in 2015 ($)
Exhibit 25: Global professional luminaires market by end-user 2015-2020
Exhibit 26: Global professional luminaires market by application in terms of revenue generation 2015-2020 ($ billions)
Exhibit 27: Global commercial professional luminaires market 2015-2020 ($ billions)
Exhibit 28: Number of proposed smart cities in India by states
Exhibit 29: Global outdoor professional luminaires market 2015-2020 ($ billions)
Exhibit 30: Global industrial professional luminaires market 2015-2020 ($ billions)
Exhibit 31: Global architecture luminaires market 2015-2020 ($ billions)
Exhibit 32: Global professional luminaires market by geography 2015-2020
Exhibit 33: Professional luminaires market in APAC 2015-2020 ($ billions)
Exhibit 34: Professional luminaires market in APAC 2015-2020 ($ billions)
Exhibit 35: GDP of leading countries in Europe 2012-2015
Exhibit 36: Professional luminaires market in Americas 2015-2020 ($ billions)
Exhibit 37: Degree of urbanization by continent 2015
Exhibit 38: Japan's 21st Century Lighting Plan
Exhibit 39: Impact of drivers
Exhibit 40: Comparison of BRIC nation import duties
Exhibit 41: Impact of drivers and challenges
Exhibit 42: Manufacturing cost of LED 2012-2020 ($/Klm)
Exhibit 43: ASPs of lighting technologies 2012-2016 ($)
Exhibit 44: First 20 smart cities under India’s Smart Cities Mission
Exhibit 45: Geographical presence of key vendors
Exhibit 46: Vendor portfolio analysis
Exhibit 47: Key vendor ratings based on various parameters
Exhibit 48: Philips: Indoor product portfolio
Exhibit 49: Philips: Outdoor product portfolio
