Global Ceiling Spotlights Market Size, Share and Trends Analysis Report, By Type (LED Lighting and Non-LED Lighting), By Application (Commercial Use and Home Use), By Distribution Channel (Online and Offline), Forecast (2022-2028)

The global ceiling spotlights market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Philips HexaStyle LED downlights are a unique, first-of-its-kind hexagonal shaped downlight that can be arranged in different patterns to create unique designs in the ceiling. Moreover, it is built with a round fitment, making it easy to install in regular round-shaped cut-outs in the ceiling. Customers can use their imagination to create unlimited designs in their ceiling by placing the hexagonal shaped downlights in different configurations. Aesthetically designed Havells series of LED spotlights and COB LED lights supports to enhance the look of house. These lights are not only durable and easy to use, however, also feature state-of-the-art adjustable optics. Suitable for low height ceilings, the COB LED lights uses high quality polycarbonate lens and consumes less power. These beautifully designed lamps merge well with the interiors of house and increase its decorative quotient.

Some major players operating in the market include Koninklijke Philips NV, General Electric Co., and Osram Licht AG, 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 Sept 2021, WiZ, Signify’s other smart lighting brand (Signify also owns Philips Hue) is showing off new and improved Wi-Fi-connected smart lights, lamps, and plugs at the IFA electronics tradeshow this week, including a revamped, touch-sensitive table lamp, a power-monitoring smart plug, and a series of new ceiling lights and spotlights. Specifically, WiZ is debuting a redesigned version of its Hero table lamp, along with a new, decorative Squire lamp that takes design cues from the Philips Hue’s Iris lamp. Additionally on tap are a pair of new, slim ceiling lamps, an adjustable spotlight, a frosted-glass A60 bulb, and an upgraded smart plug with an integrated power meter.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
• By Type
  • By Application
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Koninklijke Philips NV, General Electric Co., and Osram Licht AG, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Ceiling Spotlights Market Report by Segment

By Type

• LED Lighting
• Non-LED Lighting

By Application

• Commercial Use
• Home Use

By Distribution Channel

• Online
• Offline

Global Ceiling Spotlights Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa