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The professional lighting market size is poised to grow by USD 29.82 billion, categorized by Type, Distribution Channel, and Geography. In 2018, the LED segment, valued at USD 45.91 billion, emerged as the largest segment. The global professional lighting market is seeing high growth in the use of LED components and LED-based luminaires by end-users. The major reasons for this tremendous growth are the energy-saving characteristics of LEDs, their decreasing cost, and compatibility with the existing lighting fixtures. This trend is anticipated to drive substantial growth, expected to reach a CAGR of 6.75% during the 2023-2028 forecast period.
Professional Lighting Market Forecast 2024-2028
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Component
8 Market Segmentation by Distribution Channel
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Vendor Landscape
13 Vendor Analysis
14 Appendix
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