Boston, MA -- (SBWIRE) -- 09/19/2016 -- Luminaires based on LED and conventional light sources include CFL, fluorescent lamps, halogen, HID, and incandescent. LED-based luminaires will account for the largest market share because of their energy efficiency and low operational costs. An LED light bulb on an average consumes 30%-50% less power than a conventional light bulb. In addition, LED bulbs are eco-friendly as they do not contain mercury. The global professional luminaires market is expected to grow at a CAGR of 3.85% during the forecast period, with the majority of demand coming from the residential and commercial segments. In 2015, APAC accounted for 48.49% of the global professional luminaires market.

Get More Details on this Report and a Full Table of Contents at Global Professional Luminaires Market 2016-2020

Technavio's analysts forecast the global professional luminaires market to grow at a CAGR of 3.85% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global professional luminaires market for 2016-2020. The annual installations of new as well as replacement professional luminaires at market price in various end-user segments have been considered in determining the market size.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Professional Luminaires Market 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.

Key vendors

-Acuity Brands Inc.
-GE Lighting
-OSRAM Gmbh
-Panasonic Corp.
-Koninklijke Philips N.V.

Market driver

-Increase in urbanization
-For a full, detailed list, view our report

Market challenge

-Long payback period
-For a full, detailed list, view our report

Market trend

-Growing demand for architectural lighting fixtures
-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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Acuity Brands, GE Lighting, OSRAM, Panasonic, Philips

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