Market Overview:
The global PAR light market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient lighting solutions and rising awareness about the benefits of LED lights over traditional lighting sources. The LED light source segment is expected to grow at a CAGR of 6.0% from 2018 to 2030, owing to the growing demand for energy-efficient lighting solutions across various applications. The halogen light source segment is projected to account for a significant share of the global PAR light market during the forecast period, as it offers high brightness and color quality as compared with other traditional lighting sources. In terms of application, the concert segment is estimated to account for a major share of the global PAR light market in 2018, followed by theatre and other applications respectively.
Product Definition:
PAR is an acronym that stands for photosynthetically active radiation. It is a measure of the spectral range of light that is most effective for photosynthesis.
LED Light Source:
LED light source is a recent innovation in the lighting industry. It has been observing steady growth over the past few years and is expected to grow at a CAGR of XX% from 2018 to 2025. The growth factor can be attributed to several factors such as low power consumption, longer life span, high efficiency, and compact design among others. These lights are replacing conventional sources like incandescent bulbs owing to their better performance and energy efficiency.
Halogen Light Source:
A halogen light source is a gas-discharge lamp that consists of a gas mixture (generally helium) in which the filament is heated to its incandescence temperature. The most common types of halogen lights sources are metal halide lamps and ceramic metal Halogen Light Source Market include PAR, HID, Lamps as well as LED.
Application Insights:
The theatre application segment led the global PAR light market in 2017. The use of PAR lighting in theatres and other live performance venues helps create a more realistic experience for the audience by simulating natural sunlight. This, as a result, is expected to drive demand over the forecast period.
Concerts are projected to be one of the fastest-growing segments owing to rising demand for live performances from various artists and bands across different genres. Live concerts are held at various outdoor locations including stadiums and open grounds where there is no permanent structure or building that can be used as an auditorium or stage; such occasions require large scale lighting systems that can produce high quality beams without any problems even after several thousands of hours of operation continuously throughout a year with no maintenance required whatsoever which makes them suitable for this purpose.
Regional Analysis:
Europe accounted for the largest share of global revenue in 2017. The region is expected to dominate the industry over the forecast period owing to growing adoption of light and sound technology coupled with rising demand for entertainment. Europe has several well-established music, theatre, and other cultural events that are organized annually. These events generate huge demand for lighting equipment such as spotlights, which is expected to drive regional market growth over the forecast period.
Asia Pacific is projected to be one of fastest-growing regions during the same period owing to increasing number of concerts.
China was one of key countries hosting major sporting events including Olympics in 2016; hence it generated a high demand for PAR light systems used at stadiums or other similar places where large gatherings take place.- Middle East & Africa also contributed significantly towards regional growth due to rapid development taking place across various sectors including sports sector.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of PAR light bulbs
- Growing popularity of LED technology
- Proliferation of online retail platforms
- Emerging applications for PAR lights
Scope Of The Report
Report Attributes
Report Details
Report Title
PAR Light Market Research Report
By Type
LED Light Source, Halogen Light Source
By Application
Concert, Theatre, Other
By Companies
LEDPRO, EVITON Lighting, PR Lighting, PROEL GROUP, PULSAR, Spotlight, Teclumen, TIMES SQUARE LIGHTING, A&O Lighting Technology, ALTMAN LIGHTING, LEDPRO, Eurolite, Evolight
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global PAR Light Market Report Segments:
The global PAR Light market is segmented on the basis of:
Types
LED Light Source, Halogen Light Source
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Concert, Theatre, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LEDPRO
- EVITON Lighting
- PR Lighting
- PROEL GROUP
- PULSAR
- Spotlight
- Teclumen
- TIMES SQUARE LIGHTING
- A&O Lighting Technology
- ALTMAN LIGHTING
- LEDPRO
- Eurolite
- Evolight
Highlights of The PAR Light Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LED Light Source
- Halogen Light Source
- By Application:
- Concert
- Theatre
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the PAR Light Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
PAR stands for "passive optical radiation." PAR light is emitted by the sun and other stars, and it can be used to see in the dark.
Some of the major companies in the par light market are LEDPRO, EVITON Lighting, PR Lighting, PROEL GROUP, PULSAR, Spotlight, Teclumen, TIMES SQUARE LIGHTING, A&O Lighting Technology, ALTMAN LIGHTING, LEDPRO, Eurolite, Evolight.
The par light market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PAR Light Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 PAR Light Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PAR Light Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the PAR Light Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global PAR Light Market Size & Forecast, 2020-2028
4.5.1 PAR Light Market Size and Y-o-Y Growth
4.5.2 PAR Light Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 LED Light Source
5.2.2 Halogen Light Source
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Concert
6.2.2 Theatre
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PAR Light Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 PAR Light Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 LED Light Source
9.6.2 Halogen Light Source
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Concert
9.10.2 Theatre
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 LED Light Source
10.6.2 Halogen Light Source
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Concert
10.10.2 Theatre
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 LED Light Source
11.6.2 Halogen Light Source
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Concert
11.10.2 Theatre
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 LED Light Source
12.6.2 Halogen Light Source
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Concert
12.10.2 Theatre
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 LED Light Source
13.6.2 Halogen Light Source
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Concert
13.10.2 Theatre
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 PAR Light Market: Competitive Dashboard
14.2 Global PAR Light Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LEDPRO
14.3.2 EVITON Lighting
14.3.3 PR Lighting
14.3.4 PROEL GROUP
14.3.5 PULSAR
14.3.6 Spotlight
14.3.7 Teclumen
14.3.8 TIMES SQUARE LIGHTING
14.3.9 A&O Lighting Technology
14.3.10 ALTMAN LIGHTING
14.3.11 LEDPRO
14.3.12 Eurolite
14.3.13 Evolight
