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Track Lighting Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Philips Lighting, Acuity Brands, Hubbell, Eglo

08 Jan, 2020 | 124 Pages
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The global Track Lighting Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 8.0% during the review period (2022 to 2027)



Track Lighting Market Overview



Light plays an important role in every sector.Track lighting is a method of lighting where light fixtures are connected anywhere on a continuous track device which holds electrical conductors.it identified by the light fixtures attached on the tracking device that contains electrical conductors and electrical wires concealed inside these tracks.The applications of light in activities such as interior designing, photography, and other uses are rising with the increase in population. Numerous scientists have indicated the usage of LEDs in growing plants through practical evidence.  Demand for LED light plays an important role in plant growth and development, as it converts electricity into light by using the properties of metals, thereby delivering white light.The most significant factor driving the growth of this market is the requirement of energy-efficient connected lighting controls and ongoing and upcoming smart city projects in developing economies. This requirement is attributed to the increased awareness toward reducing energy consumption. The advent of integrated lighting control systems, upcoming smart city projects in developing economies, increasing adoption and decreasing cost of LEDs, integration of lighting solutions with smart devices, and growing awareness about energy savings among consumers and governments worldwide are the major factors contributing to the growth of the Track Lighting market.



Who are the Major Players in the Track Lighting Market?



The global Track Lighting includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Philips Lighting, Acuity Brands, Hubbell, Eglo, ITAB, Eaton, Endo Lighting, WAC Lighting, Intense Lighting, AFX INC, Nora Lighting, AIXEN LITE, Jesco Lighting, Satco, LBL Lighting, Rayconn, Kehei Lighting and others.



Industry News



In March 2021, Hubbell Control Solutions announced the launch of a new and improved NX Distributed Intelligence Lighting Control Panel (NXP2 Series) that centralizes connection points in an enclosure, providing an installer-friendly solution that reduces time and costs to deploy code compliant lighting control.



In March 2021, Hubbell Lighting announced its partnership with LightAZ, a luminaire manufacturing company with headquarters in Illinois, US.



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



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



By Type, Track Lighting Market has been segmented into 




  • Halogen Track Lighting

  • LED Track Lighting

  • Incandescent Track Lighting



By Application on Track Lighting Market is, 




  • Residential

  • Commercial



Track Lighting Market Regional Analysis



The North America market is anticipated to grow moderately. This is attributable to the presence of several large scale companies in the region. The market in this region is fragmented as compared to other regions. Increasing urbanization, adoption of innovative technologies, energy-efficient products, and growing and aging population are the major factors that are influencing the growth of the market in North America.



The report offers in-depth assessment of the growth and other aspects of the Track Lighting Market in important regions, including the 



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





What is our Track Lighting Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 8.0% during the review period (2022 to 2027).



By Type




  • Halogen Track Lighting

  • LED Track Lighting

  • Incandescent Track Lighting

  • Others



By Application




  • Residential

  • Commercial

  • Others



By Companies



Philips Lighting, Acuity Brands, Hubbell, Eglo, ITAB, Eaton, Endo Lighting, WAC Lighting, Intense Lighting, AFX INC, Nora Lighting, AIXEN LITE, Jesco Lighting, Satco, LBL Lighting, Rayconn, Kehei Lighting and others.



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



124



Customization Available



Yes, the report can be customized as per your needs






 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Track Lighting Report




  • Evaluate Track Lighting 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 - key driving factors, challenges and hidden opportunities.

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

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

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

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

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



FAQ -



What is the study period of this market?



The Track Lighting Market is studied from 2017 - 2027.



 What is the growth rate of Track Lighting Market?



The Track Lighting Market is growing at a CAGR of 8.0% over the next 5 years.



What regions does this Track Lighting 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)



All our reports are customizable 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 to your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH

      4. RESEARCH FLOW





  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL TRACK LIGHTING MARKET BY TYPES

    3. GLOBAL TRACK LIGHTING MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR TRACK LIGHTING



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1.   TRACK LIGHTING GROWTH

      2. APPLICATION OF TRACK LIGHTING



    4. IMPACT OF COVID 19



  5. GLOBAL TRACK LIGHTING MARKET, BY TYPES

    1. INTRODUCTION

    2. HALOGEN TRACK LIGHTING

    3. LED TRACK LIGHTING

    4. INCANDESCENT TRACK LIGHTING

    5. OTHER            



  6. GLOBAL TRACK LIGHTING MARKET, BY APPLICATION

    1. INTRODUCTION

    2. RESIDENTIAL

    3. COMMERCIAL

    4. OTHERS   



  7. GLOBAL TRACK LIGHTING MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. PHILIPS LIGHTING,

      2. ACUITY BRANDS,

      3. HUBBELL, EGLO,

      4. ITAB,

      5. EATON,

      6. ENDO LIGHTING,

      7. WAC LIGHTING,

      8. INTENSE LIGHTING,

      9. AFX INC,

      10. NORA LIGHTING,

      11. AIXEN LITE,

      12. JESCO LIGHTING,

      13. SATCO,

      14. LBL LIGHTING,

      15. RAYCONN,

      16. KEHEI LIGHTING AND OTHERS.





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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