Jun 23, 2017   SOURCE: BusinessWire

Global Industrial Lighting Market 2017-2021: Key vendors: GE Lighting, Cree, LG Innotek, Philips, Osram, Panasonic & Schneider Electric - Research and Markets

Research and Markets has announced the addition of the "Global Industrial Lighting Market 2017-2021" report to their offering.

Analysts forecast the global industrial lighting market to grow at a CAGR of 2.18% during the period 2017-2021.

Global Industrial Lighting Market 2017-2021, 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 market is seeing rapid advances in lighting technologies. For example, in the residential sector, incandescent, CFL, and halogen lighting technologies dominated the market in terms of revenue contribution in 2015. We expect that LEDs will emerge as the major revenue contributor in the residential sector during the forecast period. The technological transitions in the market are moving toward product enhancements aimed at better efficiency and power-saving capabilities. These technological transitions in the market will also force vendors to be more responsive to the technological needs of the customers.

Strong government support is one of the major factors driving the growth in the global industrial lighting market. The Chinese government is looking at reducing power generation from coal plants, expanding the nuclear power generation base, encouraging green technologies in all areas of manufacturing and promoting efficient lighting technologies to reduce power consumption. The government plans to provide subsidies to LED lighting manufacturers to scale up and encourage the production of innovating lighting solutions. All these government efforts are focusing on increasing the adoption of LEDs in the domestic market, which, in turn, will increase the growth prospects of the market during the forecast period.

Key Vendors:

  • GE Lighting
  • Cree
  • LG Innotek
  • Philips
  • OSRAM
  • Panasonic
  • Schneider Electric

Other Prominent Vendors:

  • Acuity Brands
  • Advanced Lighting Technologies
  • Bridgelux
  • Citizen Electronics
  • Eaton Lighting
  • Dialight
  • Kingsun LED Lighting
  • Energy Focus
  • Everlight Electronics
  • Intematix
  • LEEDARSON LIGHTING
  • Lemnis Lighting
  • Luminus Devices
  • Nichia
  • NVC Lighting Technology
  • Seoul Semiconductor
  • Toyoda Gosei

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Technology landscape

Part 06: Market landscape

Part 07: Market segmentation by application

Part 08: Geographical segmentation

Part 09: Market drivers

Part 10: Impact of drivers

Part 11: Market challenges

Part 12: Impact of drivers and challenges

Part 13: Market trends

Part 14: Vendor landscape

For more information about this report visit https://www.researchandmarkets.com/research/2hpp96/global_industrial