Global Professional Luminaires Market 2018-2022

Below are some of the key findings from this professional luminaires market analysis report

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Global professional luminaires industry overview

The improvement in LED lightning technology is driving the professional luminaires market. With the demand for LEDs in commercial and industrial applications, there is a growth in the popularity of LED technology. From the use of high-grade LED materials to the usage of new technologies in LED designing, the LED manufacturing process has witnessed several improvements in the recent years. Additionally, manufacturers are also focusing on minimizing the size of LED packaging and are deploying chip scale packaging (CSP) technology. Samsung has already announced the achievement of the highest efficacies for its fillet-enhanced chip scale package LEDs. Thus, the improvement in LED lightning technology is driving the professional luminaires market growth at a CAGR of more than 4% during the forecast period.

Top professional luminaires companies covered in this report

The global professional luminaires market is moderately concentrated. The market is currently in the growth phase and the competition is expected to become less intense by the end of the forecast period. To help clients improve their revenue shares in the market, this research report provides an analysis of the market's competitive landscape and offers information on the products offered by various leading companies. Additionally, this professional luminaires market analysis report suggests strategies companies can follow and recommends key areas they should focus on, in order to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies including:

• Acuity Brands
• Eaton
• GENERAL ELECTRIC
• Koninklijke Philips
• Osram
• Panasonic

 Professional luminaires market segmentation based on technology

• LED
• Conventional

The LED segment was the largest technology of the global professional luminaires market in 2017. The market share of this segment is expected to increase and it will continue to dominate the market throughout the next five years.

Professional luminaires market segmentation based on region

• The Americas
• APAC
• EMEA

APAC accounted for the largest professional luminaires market share in 2017. This region will witness an increase in its market share and remain the market leader for the next five years.

Key highlights of the global professional luminaires market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the professional luminaires market during the next five years
• Precise estimation of the global professional luminaires market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the professional luminaires industry across the Americas, APAC, and EMEA
• A thorough analysis of the market's competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of professional luminaires companies