Downlights Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Philips Lighting, GE Lighting, OSRAM, Focal Point, Acuity Brands

Over the next five years the Downlights Market will register an 14.26% CAGR in terms of revenue, the global market size will reach USD 160 billion by 2027.

Downlights Market Overview

In 2021, the global downlight market will be worth $20.8 billion. According to the market would increase at a 9.2% CAGR throughout the forecast period (2022-2027). LED downlights are recessed light fixtures that are fitted in a ceiling's hollow aperture. These lights can be seen in both residential and business settings. They are exceptionally energy-efficient and environmentally friendly lighting solutions that generate light in a narrow downward beam. These lights have a longer lifespan and produce less heat radiation. The latest product varieties find extensive usage in malls, offices, corridors, kitchens, restrooms, and showrooms, and were originally intended for directional illumination. Dimmer switches can also be fitted to these downlights to control the brightness. They are available in a wide range of sizes and lumen packages and are a viable alternative to compact fluorescent and incandescent lamps.

The lack of understanding among non-data centre, on the other hand, is concerning. The report aspects discussed the profile of the top manufacturers of the global Downlights market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Downlights Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in Downlights Market?

The Downlights Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Philips Lighting, GE Lighting, OSRAM, Focal Point, Acuity Brands, Hubbell, Cree, Standard Products, B-K Lighting, WAC Lighting, Thorn and others.

Industry News:

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  27 October: Signify (Euronext: LIGHT), the world leader in lighting, today launched its Philips HexaStyle LED downlight in India. It is a unique, first-of-its-kind hexagonal shaped downlight that can be arranged in different patterns to create unique designs in the ceiling.

  
  


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  CREE AND ZUMTOBEL EXTEND STRATEGIC AGREEMENT FOR LED DOWNLIGHTS TO ACCELERATE LED LIGHTING REVOLUTION

  
  

 3/3/2011: Cree, Inc., a market leader in LED lighting, announces a two-year extension of the strategic agreement signed with Zumtobel Lighti GmbH in 2008. The companies continue to work together to bring industry-leading LED lighting to Europe.

What are the major Applications, Types and Regions for Downlights Market?

Downlights Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Equal or Bigger than 5 Inch


• Bigger than 2.5 Inch， Smaller than 5 Inch


• Equal or Smaller than 2.5 Inch

By Applications it is segmented into

• Household


• Commercial


• Industry

Downlights Market Regional Analysis

The Asia Pacific held the largest share of around 41.8% across the global market in 2019. It is also anticipated to continue its dominance from 2022 to 2027 owing to the surging number of initiatives being undertaken by governing bodies to promote the usage of energy saver downlights. Moreover, the presence of major players across this region in countries like China, Japan, and Taiwan is also anticipated to contribute to the regional market growth.

All these factors greatly affect the Downlights market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Downlights Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyses market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Downlights Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Downlights Market report scope?

Key Takeaways from this Downlights Report

• Evaluate Downlights market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Downlights market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Downlights Market is studied from 2017 - 2027.

What is the growth rate of Downlights Market?

The Downlights Market is growing at a CAGR of 14.26% over the next 5 years.

Who are the key players in Downlights Market?

Philips Lighting, GE Lighting, OSRAM, Focal Point, Acuity Brands, Hubbell, Cree, Standard Products, B-K Lighting, WAC Lighting, Thorn

What region does this Downlights Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Downlights Market?

Equal or Bigger than 5 Inch, Bigger than 2.5 Inch, Smaller than 5 Inch, Equal or Smaller than 2.5 Inch

What are the major end-use applications of Downlights Market?

Household, Commercial, Industry