PUBLISHER: IMARC | PRODUCT CODE: 1451829
PUBLISHER: IMARC | PRODUCT CODE: 1451829
Professional Luminaires Market Report by Application (Commercial, Industrial, Residential), and Region 2024-2032
The global professional luminaires market size reached US$ 2.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.93% during 2024-2032. The increasing preference for visually appealing lighting designs among the masses, continuous advancements in lighting technologies, such as LED, OLED and smart lighting systems, and ongoing retrofitting and renovation activities represent some of the key factors driving the market.
Professional luminaires refer to lighting fixtures that are specifically designed for commercial, industrial, or institutional applications. These luminaires are built to meet the rigorous demands of professional settings, providing high-quality illumination and superior performance. They are engineered to deliver optimal light output, ensuring efficient and effective lighting solutions. These fixtures incorporate advanced technologies such as light-emitting diode (LED) or compact fluorescent lamps (CFL) to enhance energy efficiency and reduce maintenance costs. They are available in various styles, finishes, and sizes, enabling designers to create visually pleasing environments while meeting illumination standards. They also include features, including dimming capabilities, advanced controls, and integrated sensors for improved functionality and energy management. They are built to withstand the demands of continuous operation in challenging environments such as extreme temperatures, humidity, or vibrations. With their durability, energy efficiency, precise control options, and compatibility with smart systems, these luminaires contribute to creating well-lit environments that enhance productivity, comfort, and sustainability.
Professional Luminaires Market Trends:
The rising focus on energy conservation and sustainability is driving the global market. Moreover, various governments are implementing stringent regulations and standards to promote energy efficiency and reduce greenhouse gas emissions which in turn is contributing to the growth of the market. Apart from this, continual advancements such as miniaturization, improved thermal management, and advanced optics are providing a boost to the demand. Additionally, the integration of professional luminaires with IoT technology enables enhanced control, monitoring, and automation of lighting systems, thus propelling the growth of the market. Besides, the rising demand for efficient and aesthetically pleasing lighting solutions for commercial buildings, office spaces, retail establishments, hospitals, and educational institutions is catalyzing the demand. In line with this, ongoing retrofitting, and renovation activities to improve energy efficiency, lighting quality, and visual appearance is acting as another growth-inducing factor. Furthermore, the growing focus on safety and security is creating a positive market outlook as professional luminaires with features, such as motion sensors, adaptive lighting, and high-lumen output contribute to creating well-lit environments that deter crime, enhance visibility, and promote a sense of safety. Moreover, the expanding hospitality and retail sectors are impacting the market favorably as hotels, restaurants, shopping malls, and entertainment venues require effective lighting solutions to create inviting and visually appealing spaces that enhance customer experiences and drive sales.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global professional luminaires market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on application.
Application Insights:
Commercial
Industrial
Residential
The report has provided a detailed breakup and analysis of the professional luminaires market based on the application. This includes commercial, industrial, and residential.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for professional luminaires. Some of the factors driving the Asia Pacific professional luminaires market included the expanding hospitality and retail sectors, the integration of professional luminaires with IoT technology, and the growing focus on safety and security.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global professional luminaires market. Detailed profiles of all major companies have been provided. Some of the companies covered include Acuity Brands Inc, Ams Osram AG, Dongguan Kingsun Optoelectronics Co. Ltd, Eaton Corporation plc, Huayi Lighting Co.ltd, NVC International Holdings Limited, Opple Lighting Co Ltd, Panasonic Holdings Corporation, Shanxi Guangyu LED Lighting Co. Ltd., Signify Holding etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global professional luminaires market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global professional luminaires market?
- What is the impact of each driver, restraint, and opportunity on the global professional luminaires market?
- What are the key regional markets?
- Which countries represent the most attractive professional luminaires market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the professional luminaires market?
- What is the competitive structure of the global professional luminaires market?
- Who are the key players/companies in the global professional luminaires market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Professional Luminaires Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Application
- 6.1 Commercial
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Industrial
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Residential
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Region
- 7.1 North America
- 7.1.1 United States
- 7.1.1.1 Market Trends
- 7.1.1.2 Market Forecast
- 7.1.2 Canada
- 7.1.2.1 Market Trends
- 7.1.2.2 Market Forecast
- 7.1.1 United States
- 7.2 Asia-Pacific
- 7.2.1 China
- 7.2.1.1 Market Trends
- 7.2.1.2 Market Forecast
- 7.2.2 Japan
- 7.2.2.1 Market Trends
- 7.2.2.2 Market Forecast
- 7.2.3 India
- 7.2.3.1 Market Trends
- 7.2.3.2 Market Forecast
- 7.2.4 South Korea
- 7.2.4.1 Market Trends
- 7.2.4.2 Market Forecast
- 7.2.5 Australia
- 7.2.5.1 Market Trends
- 7.2.5.2 Market Forecast
- 7.2.6 Indonesia
- 7.2.6.1 Market Trends
- 7.2.6.2 Market Forecast
- 7.2.7 Others
- 7.2.7.1 Market Trends
- 7.2.7.2 Market Forecast
- 7.2.1 China
- 7.3 Europe
- 7.3.1 Germany
- 7.3.1.1 Market Trends
- 7.3.1.2 Market Forecast
- 7.3.2 France
- 7.3.2.1 Market Trends
- 7.3.2.2 Market Forecast
- 7.3.3 United Kingdom
- 7.3.3.1 Market Trends
- 7.3.3.2 Market Forecast
- 7.3.4 Italy
- 7.3.4.1 Market Trends
- 7.3.4.2 Market Forecast
- 7.3.5 Spain
- 7.3.5.1 Market Trends
- 7.3.5.2 Market Forecast
- 7.3.6 Russia
- 7.3.6.1 Market Trends
- 7.3.6.2 Market Forecast
- 7.3.7 Others
- 7.3.7.1 Market Trends
- 7.3.7.2 Market Forecast
- 7.3.1 Germany
- 7.4 Latin America
- 7.4.1 Brazil
- 7.4.1.1 Market Trends
- 7.4.1.2 Market Forecast
- 7.4.2 Mexico
- 7.4.2.1 Market Trends
- 7.4.2.2 Market Forecast
- 7.4.3 Others
- 7.4.3.1 Market Trends
- 7.4.3.2 Market Forecast
- 7.4.1 Brazil
- 7.5 Middle East and Africa
- 7.5.1 Market Trends
- 7.5.2 Market Breakup by Country
- 7.5.3 Market Forecast
8 Drivers, Restraints, and Opportunities
- 8.1 Overview
- 8.2 Drivers
- 8.3 Restraints
- 8.4 Opportunities
9 Value Chain Analysis
10 Porters Five Forces Analysis
- 10.1 Overview
- 10.2 Bargaining Power of Buyers
- 10.3 Bargaining Power of Suppliers
- 10.4 Degree of Competition
- 10.5 Threat of New Entrants
- 10.6 Threat of Substitutes
11 Price Analysis
12 Competitive Landscape
- 12.1 Market Structure
- 12.2 Key Players
- 12.3 Profiles of Key Players
- 12.3.1 Acuity Brands Inc
- 12.3.1.1 Company Overview
- 12.3.1.2 Product Portfolio
- 12.3.1.3 Financials
- 12.3.1.4 SWOT Analysis
- 12.3.2 Ams Osram AG
- 12.3.2.1 Company Overview
- 12.3.2.2 Product Portfolio
- 12.3.2.3 Financials
- 12.3.3 Dongguan Kingsun Optoelectronics Co. Ltd.
- 12.3.3.1 Company Overview
- 12.3.3.2 Product Portfolio
- 12.3.3.3 Financials
- 12.3.4 Eaton Corporation plc
- 12.3.4.1 Company Overview
- 12.3.4.2 Product Portfolio
- 12.3.4.3 Financials
- 12.3.4.4 SWOT Analysis
- 12.3.5 Huayi Lighting Co.ltd
- 12.3.5.1 Company Overview
- 12.3.5.2 Product Portfolio
- 12.3.6 NVC International Holdings Limited
- 12.3.6.1 Company Overview
- 12.3.6.2 Product Portfolio
- 12.3.7 Opple Lighting Co Ltd
- 12.3.7.1 Company Overview
- 12.3.7.2 Product Portfolio
- 12.3.7.3 Financials
- 12.3.8 Panasonic Holdings Corporation
- 12.3.8.1 Company Overview
- 12.3.8.2 Product Portfolio
- 12.3.8.3 Financials
- 12.3.8.4 SWOT Analysis
- 12.3.9 Shanxi Guangyu LED Lighting Co. Ltd.
- 12.3.9.1 Company Overview
- 12.3.9.2 Product Portfolio
- 12.3.10 Signify Holding
- 12.3.10.1 Company Overview
- 12.3.10.2 Product Portfolio
- 12.3.1 Acuity Brands Inc
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Professional Luminaires Market: Major Drivers and Challenges
- Figure 2: Global: Professional Luminaires Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Professional Luminaires Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Professional Luminaires Market: Breakup by Application (in %), 2023
- Figure 5: Global: Professional Luminaires Market: Breakup by Region (in %), 2023
- Figure 6: Global: Professional Luminaires (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 7: Global: Professional Luminaires (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 8: Global: Professional Luminaires (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Professional Luminaires (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Professional Luminaires (Residential) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Professional Luminaires (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: North America: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: North America: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: United States: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: United States: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Canada: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Canada: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Asia-Pacific: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Asia-Pacific: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: China: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: China: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Japan: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Japan: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: India: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: India: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: South Korea: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: South Korea: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Australia: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Australia: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Indonesia: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Indonesia: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Others: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Others: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Europe: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Europe: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Germany: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Germany: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: France: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: France: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: United Kingdom: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: United Kingdom: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Italy: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Italy: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Spain: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Spain: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Russia: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Russia: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Others: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Others: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Latin America: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Latin America: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Brazil: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Brazil: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Mexico: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Mexico: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Others: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Others: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Middle East and Africa: Professional Luminaires Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Middle East and Africa: Professional Luminaires Market: Breakup by Country (in %), 2023
- Figure 60: Middle East and Africa: Professional Luminaires Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Global: Professional Luminaires Industry: Drivers, Restraints, and Opportunities
- Figure 62: Global: Professional Luminaires Industry: Value Chain Analysis
- Figure 63: Global: Professional Luminaires Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Professional Luminaires Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Professional Luminaires Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 3: Global: Professional Luminaires Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 4: Global: Professional Luminaires Market: Competitive Structure
- Table 5: Global: Professional Luminaires Market: Key Players
