MarketResearchReports.biz has recently announced the addition of a market study “Global Lighting Market in the Hospitality Sector 2016-2020”, is a comparative analysis of the global market.
Albany, NY -- (SBWIRE) -- 09/23/2016 -- About Lighting
The lighting is defined by the type of light source technologies such as incandescent, halogen, CFL, LFL, HID, LED, and OLED. The report examines only four major technologies that are predominantly used in the hospitality sector, which include CFL, LFL, HID, and LED. With the history of different lighting sources such as incandescent lighting, fluorescent lighting, LED lighting, and tungsten photonic lighting, LED lighting is the latest transition, which the industry has adopted. LED lighting devices provide several advantages such as high-intensity brightness, low voltage and current requirements, low radiated heat, high reliability, negligible ultra-violet (UV) rays, and a longer lifespan over the conventional lighting sources.
Technavios analysts forecast the global lighting market in hospitality sector to grow at a CAGR of 7.13% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global lighting market in hospitality sector for 2016-2020. To calculate the market size, the report considers the unit shipment of light sources including LFL, CFL, HID, and LED lamps and luminaires.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Lighting Market in Hospitality Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Cree
General Electric
OSRAM
Philips Lighting Holding
Market driver
Rise in power prices
For a full, detailed list, view our report
Market challenge
Higher import duties
For a full, detailed list, view our report
Market trend
Declining manufacturing cost of LED
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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