Global Commercial Luminaire Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global commercial luminaire market is expected to grow at a CAGR of 6.0% during the forecast period (2022-2028). Ideal for use in warehouses, process areas, assembly lines, commercial complexes, outdoors, in landscape lighting, and in several other applications, LED lighting offers twin benefits of high light output combined with energy savings. Havells range of LED luminaries offer efficiency and are heat resistant. Its range of LED lighting includes LED battens, LED panels, retrofit lamps and architectural lighting, among others.

Leviton lighting brand Viscor announced the launch of LRTH-DFX luminaire. This product features a 365DisInFx UVA technology. This product is the first product in the Leviton segment. This product offers recessed architectural luminaire. The technology used in this product is prone to harmful bacteria. The companies operating in this segment are launching new products in order to gain competitive advantage. For instance, Aug 2021, Intermatic Inc. announced the launch of advanced lighting control system. This is launched for commercial buildings. It provides occupancy and vacancy sensors and daylight harvesting sensors. Wall control switches are also part of their product line. Built in clocks allow users to set light timmings according to the hours lighting function.

Some major players in the market include OSRAM Licht AG, Koninklijke Philips NV, and General Electric Co., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in Oct 2021, Hubbell Inc. announced to sell its Commercial and Industrial Lighting business. This will be made available to GE current. Purchase price that will be paid by GE current will be $350 million. In 2020, the LED lighting and control solutions of Hubbell generated around $515 million.

Competitive Landscape-

OSRAM Licht AG, Koninklijke Philips NV, and General Electric Co., among others.

By Type

LED Luminaire

CFL Luminaire

Others

Scope of the Report
The research study analyzes the Global Commercial Luminaire industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Global Commercial Luminaire Market Report
1. What was the Global Commercial Luminaire Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Global Commercial Luminaire Market during the forecast period (2022-2028)?
   3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
   4. Which manufacturer/vendor/players in the Global Commercial Luminaire Market was the market leader in 2021?
   5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

 

The report covers the following objectives:

• Proliferation and maturation of trade in the Global Commercial Luminaire market.
• The market share of the Global Commercial Luminaire market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the Global Commercial Luminaire market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Commercial Luminaire market.