The Commercial Lighting Market research report includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the Commercial Lighting market growth.
Commercial lighting is used for commercial places such as offices, institutions, stores, malls, government buildings, airports, hospitals, etc. These lightning have better durability, higher maintenance, longer lifespan, and higher energy-saving option. The rapid transition from traditional lighting to connected lighting solutions and increased solar lighting system adoption are the major driving factors for the commercial lighting market growth.
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The commercial lighting market is driving the growth due to the factors such as ongoing and upcoming smart city projects in the developing countries, escalating demand for LED lights and luminaires for use in outdoor applications, increasing acceptance of standard protocols for lighting control systems, and growing focus of governments worldwide on energy consumption. However, high initial cost and high integration and installation service cost are the key hindering factors for the commercial lightening market growth. Moreover, the high adoption of smart lighting in commercial spaces is gaining more traction, which creates lucrative growth opportunities for the commercial lighting market in the coming years.
The key players profiled in the Commercial Lighting Market research study include: Acuity Brands, Inc., Cree Lighting (Ideal Industries, Inc.), GE Current, a Daintree company, Hubbell Incorporated, Legrand S.A., Leviton Manufacturing Company, Inc., Lutron Electronics Co., Inc, Osram Licht AG, Signify Holding, Zumtobel Group
Since, the key findings in the Commercial Lighting Market research reports highlight crucial progressive industry trends, it allows the companies across the value chain to develop effective long-term strategies. The clients get to understand a clear picture of the competitors and can develop strategies and modify business expansion plans accordingly. The Commercial Lighting Market research reports cover thousands of global players that based on several parameters, such as company revenue, product portfolio, and geographic presence.
The Insight Partners adheres to the codes of practice of the Market Research Society and Strategic and Competitive Intelligence Professionals. The following methodology has been followed for the collection and analysis of data presented in this report:
The objective of updating â€śThe Insight Partnersâ€ť coverage is to ensure that it represents the most up-to-date vision of the industry possible. The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage. Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized.
The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information relating to each Market. The secondary research sources that are typically referred to include, but are not limited to:
NOTE: All the financials considered in Company Profileâ€™s section have been standardized to US$. This has been achieved after converting the financials (for those not in US$) with respective currency exchange rates of the particular year.
â€śThe Insight Partnersâ€ť conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfils the following functions:
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Primary research involves email interactions and telephone interviews for each market, category, segment and sub -segment across geographies. The participants who typically take part in such a process include, but are not limited to:
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