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Ceiling Lights Market : Global Demand Analysis & Opportunity Outlook 2023

Published On : 12:09 AM, 5th October, 2017 REP-ID-246 Category: ICT & Electronics

Global Ceiling Lights Market Overview

Ceiling lights are commonly utilized for offering general illumination and are highly popular and feasible in major populated areas and in rooms with lower ceilings. These are basically a light fixture which is connected with ceiling. Over the past few years it has been notified that advanced lighting systems established importance in numerous sectors such as healthcare, corporate, and residential, etc. owing to its enhanced design and technology.

Rapid pace in urbanization across the globe and increasing infrastructural facilities backed by rising investment are the major factors which are creating significant demand for ceiling lights all across the globe. Expansion of corporate sectors and increasing demand for modular and compact ceiling lights in these sectors augmented the growth of ceiling lights globally. Moreover, key players of ceiling lights are focusing towards producing energy efficient and brighter ceiling lights for the various end-use. On the other hand, remodeling of residential and commercial sectors across the globe is augmenting the demand for ceiling lights.

Continuous research and development in the field of lighting technology to provide energy efficient and compact lighting systems is propelling the demand for energy saving ceiling lights. Apart from this, growing trend towards advanced lighting technology such as LED, CFL, etc. amongst the urban folk and rising concern towards energy savings lighting systems in various sectors are some of the key elements driving the growth of ceiling lights market. 

Market size and forecast

Global ceiling lights market is projected to register a CAGR of 11.6% over the forecast period i.e. 2016-2023. Further, the ceiling tile lighting systems is expected to exhibit a exponential growth during the forecast period on account of increasing demand for modular tile lighting systems in corporate and commercial sector. It has been observed that compact design and energy efficient characteristics of tile lighting systems are swelling the demand for such ceiling lights across the globe.

                    Global Ceiling Lights Market

Regionally, Asia-Pacific is anticipated to witness a remarkable growth in the overall ceiling lights market across the globe over the forecast period i.e. 2016-2023. The market is chiefly driven by the growing demand for ceiling lights from major economies such as India, China, Japan, etc. Rapid expansion of infrastructural sector owing to urbanization is expected to drive the market for ceiling lights in Asia-Pacific region over the next seven years. Besides this, increasing adoption of energy efficient lighting systems among various end-use sectors such as corporate, healthcare, residential, etc. is boosting the growth of ceiling lights market.

Europe and North-America are expected to be the largest markets for ceiling lights by 2023 due to presence of hi-tech and advanced infrastructure in the regions. Rebounding of residential sector in North-America region owing to remodeling of outmoded structures is expected to fuel the demand for ceiling lights in near future. Moreover, Middle-East region is expected to be the fastest growing market during the forecast period i.e. 2016-2023. Rapid development in infrastructural facilities on account of huge investment is further expected to spur the demand for new generation ceiling lights. Apart from this, the higher demand for ceiling lights from the premium hotels and corporate building which are under construction in the Middle-East region is anticipated to expand the ceiling lights market at a considerable rate till 2023.

Market Segmentation

Our in-depth analysis segmented the global ceiling lights Market in the following segments:

By Technology

  • Halogen
  • Fluorescent
  • CFL (Compact Fluorescent Light)
  • LED (Light Emitting Diodes)
  • OLED (OrganicLight Emitting Diodes)

By Installation

  • Hanging Lighting Systems
  • Tile Lighting Systems
  • Mounted Lighting Systems

By End-User

  • Commercial
  • Corporate
  • Residential

By Region

Global ceiling lights market is further classified on the basis of region as follows:

  • North America (United States /U.S. & Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
  • Middle East and North Africa (MENA)
  • Rest of World

Growth Drivers and challenges

Rising popularity of new generation ceiling lights across the globe is one of the key factors swelling the demand for ceiling lights. Besides this, increasing investment in real estate sector which is leading to expand the modern and advanced infrastructure facilities are augmenting the demand for modular ceiling lights to attract the consumers. Moreover, introduction of advanced lighting technology such as OLED which is much more compact and energy efficient over conventional bulbs are gaining traction across the globe. The advanced lighting technology also offers longer life span and low power consumption which will further uplift the demand for ceiling lights during the forecast period i.e. 2016-2023. 

Likewise, government initiatives towards adoption of energy saving lighting technology are pushing consumers to adopt new generation ceiling lights across the globe. For instance, various subsidy policies for the manufacturers of lighting systems by the government authorities is helping to reduce the cost of LED and OLED lighting systems.

On the other hand, presence of stringent regulations on the manufacturing of CFL and LED lights, high cost of new generation lighting systems and lack of awareness in undeveloped countries are some of the factors which are hampering the growth of ceiling lights market.

Key Players

The key playersof ceiling lights market as follows:

  • Philips
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Jaguar Lighting
  • Havells
  • Wipro
  • SYSKA
  • Lumens Light and Living
  • CHELSOM Ltd
  • Surya Roshini
  • Ligman Lighting Inc.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Ceiling Lights Market is segmented as follows:

  • By Technology type Market Size and Y-O-Y Growth Analysis
  • By Installation type Market Size and Y-O-Y Growth Analysis
  • By End-User type Market Size and Y-O-Y Growth Analysis

By Regions

  • North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
  • Rest of World  Market Size and Y-O-Y Growth Analysis

Market Dynamics

Supply and Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

               Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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