Ceiling Tile Lighting Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 08/16/2016 -- Ceiling Tile Lighting Market: Overview
Ceiling tiles lighting are modern-day lighting solutions that offer an alternative to conventional fluorescent and incandescent lighting systems. Ceiling tile lighting is usually equipped with LED grid panels, which makes it compact and more efficient. The rising demand for decorative yet lucrative lighting systems is the primary trend leading to the adoption of ceiling tile lighting systems.
Ceiling Tile Lighting Market: Segmentation
The ceiling tile lighting market is segmented on the basis of panel type, installation type and applications. On the basis of panel type, the ceiling tile lighting market is classified into translucent, frosted, and clear panels. Translucent ceiling tiles offer 31.6% transmittance, frosted tiles offer 76.8% transmittance, and clear panels offer 87.7% of transmittance.
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Translucent and frosted ceiling panels are considered for decorative lighting in architectural and hospitality lighting, while, clear panels are used in residential and commercial applications. The changing consumer demand and increasing penetration of LED lighting among various applications is encouraging manufacturers to offer wide range of installations for ceiling tile lighting. On the basis of installation type, ceiling tile market is segmented into suspension, trim & transition, building perimeter and drywall grid systems. As stated earlier, LEDs in the recent past have evolved across various end-use applications. Thus, in terms of applications, the ceiling tile lighting market segmented into architectural, healthcare, airports, corporate campuses, convenience stores, residential, restaurant and hospitality, retail and grocery, schools and universities and others (museums and amusement parks, cold storage facilities).
Ceiling Tile Lighting Market: Growth Drivers
Energy efficient, small carbon footprint, high luminance and reduced CO2 emissions are the primary growth drivers of ceiling tile lighting market. This is attributed to use of LED lights in ceiling tile systems. Additionally, made-to-measure sizes of ceiling panels provided by the manufacturers, make this lighting solution suitable for wide areas of applications. Furthermore, the high product lifecycle and low maintenance cost of ceiling tiles lighting are likely to fuel its growth throughout the forecast period. However, the high set-up cost is anticipated to restrain the market growth for ceiling tiles. Large scale development of multicolored ceiling tiles to improve ambience effect and penetration of ceiling tiles in countries with high-scale infrastructure development such as China, India, Brazil, UAE, and Saudi Arabia is expected to propel the growth of ceiling tile lighting market in near term.
Ceiling Tile Lighting Market: Opportunity Snapshot
Residential and commercial applications are expected to hold significant market share of ceiling tile lighting market. This is attributed to improved adoption of LED lighting in residential applications and need of energy efficient solutions in commercial businesses. Although, with trending adoption of decorative lighting in applications such as architectural building, airport and hospitality, ceiling tile lighting are expected to witness superior growth in aforementioned applications.
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Moreover, clear ceiling tile lighting panels are expected to hold majority of market share, due to its high transmittance and suitable for most of the indoor lighting applications. On a global scale, North America region, is expected to hold significant adoption of ceiling tile lighting market. The earlier adoption of LED lighting and cognizance of energy efficient solutions are the key factors resulting in the growth of ceiling tile lighting in the region.
However, Asia Pacific region is expected to witness the fastest growth in the ceiling tile lighting market. Demand from developing economies such as China, India, Indonesia, combined with the increasing adoption of efficient lighting systems among health care, residential and commercial applications, is expected to be the key growth drivers of ceiling tile lighting market in Asia Pacific region.
Ceiling Tile Lighting Market: Key Players
Some of the key manufacturers of ceiling tile lighting are Cree, Inc., Tryka LED Ltd., General Electric Company, Olmec Advanced Materials Ltd/Surelight, AWI Licensing LLC, RAB Lighting, Inc. and Koninklijke Philips N.V.
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