Professional Luminaires - Global Strategic Business Report

The global market for Professional Luminaires is estimated at US$58.4 Billion in 2023 and is projected to reach US$69.2 Billion by 2030, growing at a CAGR of 2.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the professional luminaires market is driven by several factors. The increasing focus on energy efficiency and sustainability has propelled the adoption of LED and smart lighting solutions, supported by government regulations and incentives promoting energy conservation. The expanding construction industry, particularly in emerging economies, has created significant demand for modern lighting solutions in new commercial and public infrastructure projects. Technological advancements have further driven market growth, with innovations in LED technology, smart controls, and IoT-enabled lighting systems enhancing the performance and appeal of professional luminaires. Additionally, the rising awareness of the benefits of quality lighting in improving productivity, well-being, and safety has influenced end-user preferences, leading to higher investments in advanced lighting solutions. These factors, coupled with the continuous development of innovative products and the growing emphasis on sustainable building practices, ensure the robust expansion and evolution of the professional luminaires market.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the LED Luminaires segment, which is expected to reach US$51.0 Billion by 2030 with a CAGR of a 2.6%. The Conventional Luminaires segment is also set to grow at 2.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $15.9 Billion in 2023, and China, forecasted to grow at an impressive 4.9% CAGR to reach $13.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Professional Luminaires Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Professional Luminaires Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Professional Luminaires Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Arri, Bajaj Electricals Ltd., Barcelona LED iluminacion S.L., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 51 Featured):

• Arri
• Bajaj Electricals Ltd.
• Barcelona LED iluminacion S.L.
• Crompton Greaves Consumer Electricals Ltd.
• Eveready Industries India
• Havells India Ltd.
• Internova Professional Lighting B.V.
• LEDVANCE GmbH
• Lightinova
• LIGMAN Lighting Co., Ltd.
• Linea Light Group
• M M Sankhla Electricals
• Signify Holding
• Surya Roshni Ltd.
• UL LLC (Underwriters Laboratories)