Market Overview:
The global professional lighting market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient lighting solutions, growing awareness about the benefits of LED lights, and rising investments in infrastructure development. The conventional lighting segment is expected to dominate the global professional lighting market during the forecast period. However, LED Lighting is projected to grow at a higher CAGR owing to its energy-efficiency and longer life span as compared with other types of lights. In terms of application, commercial sector is anticipated to hold major share in global professional lighting market during forecast period followed by residential.
Product Definition:
A professional lighting system is one that is designed for a specific purpose, such as theater, television or film production. These systems are often more expensive than consumer-grade lighting products, but they offer features and performance that cannot be found in the average home setup. Professional lighting systems can be used to create a wide variety of looks and effects, from naturalistic daylight to intense theatrical spotlights. They are an important tool for any filmmaker or photographer looking to create high-quality images.
Conventional Lighting:
Conventional lighting is a type of electric light that produces a wide, flat, and even illumination. It can be used for indoor or outdoor applications and has no color. The conventional light source emits an equal amount of light from all directions. Conventional lights are available in two forms - incandescent and fluorescent.
LED Lighting:
LED lighting is a new-age technology that has replaced incandescent, halogen, and fluorescent bulbs. It offers better energy efficiency and produces less heat than conventional light sources. LED lights are also more durable, lightweight, have a longer lifespan (50 to 100 years), consume less power compared to other alternatives available in the market today and are very affordable as compared to their counterparts.
The global LED Professional Lighting market size was valued at USD 2.05 billion in 2015.
Application Insights:
The commercial application segment accounted for the largest share of exceeding 50.0% in 2017. The growing number of hospitals, shopping malls, hotels and restaurants across the globe is expected to drive the demand for conventional lighting systems over the forecast period. Furthermore, an increase in tourism has resulted in an increased number of hotels and restaurants across various regions which will further boost product demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing adoption of advanced lighting technologies, growing demand for energy-efficient lighting, and rising number of commercial construction projects in the region. Europe also held a significant share in professional lighting market due to presence of major players such as OSRAM GmbH and Signify Holdings Limited; however, it is expected to witness sluggish growth over the forecast period owing to economic slowdown and political instability in some countries such as France and Italy.
Asia Pacific professional lighting industry is anticipated grow at a rapid pace during the forecast years due to increasing government initiatives for infrastructure development along with rising awareness regarding energy conservationism among end users including industrial companies, educational institutes, corporate offices etc.; these factors are anticipated boost product demand over next eight years or so.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of professional lighting
- Proliferation of LED technology
- Growing demand from commercial and industrial sectors
- Emerging markets in Asia Pacific and Latin America
Scope Of The Report
Report Attributes
Report Details
Report Title
Professional Lighting Market Research Report
By Type
Conventional Lighting, LED Lighting
By Application
Residential, Commercial, Industrial
By Companies
NVC, Philips, Opple, FSL, Leedarson Luminaire, PAK, Topstar, Osram, Liaoyuan Lighting, TCP, NVC, Huayi Lighting, Toshiba, TCL, Forest Lighting, Kingsun Optoelectronic, Feilo Acoustics, Hongyar Electrical, Midea, Yankon, NPU, Handson, GE Lighting
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
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Professional Lighting Market Report Segments:
The global Professional Lighting market is segmented on the basis of:
Types
Conventional Lighting, LED Lighting
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
Residential, Commercial, Industrial
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:
- NVC
- Philips
- Opple
- FSL
- Leedarson Luminaire
- PAK
- Topstar
- Osram
- Liaoyuan Lighting
- TCP
- NVC
- Huayi Lighting
- Toshiba
- TCL
- Forest Lighting
- Kingsun Optoelectronic
- Feilo Acoustics
- Hongyar Electrical
- Midea
- Yankon
- NPU
- Handson
- GE Lighting
Highlights of The Professional Lighting 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:
- Conventional Lighting
- LED Lighting
- By Application:
- Residential
- Commercial
- Industrial
- 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 Professional Lighting 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?
Professional lighting is a type of lighting that is used in professional photography and filmmaking. It includes lights such as studio lights, location light, and special effects light.
Some of the major companies in the professional lighting market are NVC, Philips, Opple, FSL, Leedarson Luminaire, PAK, Topstar, Osram, Liaoyuan Lighting, TCP, NVC, Huayi Lighting, Toshiba, TCL, Forest Lighting, Kingsun Optoelectronic, Feilo Acoustics, Hongyar Electrical, Midea, Yankon, NPU, Handson, GE Lighting.
The professional lighting market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Professional Lighting 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 Professional Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Professional Lighting 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 Professional Lighting 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 Professional Lighting Market Size & Forecast, 2018-2028
4.5.1 Professional Lighting Market Size and Y-o-Y Growth
4.5.2 Professional Lighting Market Absolute $ Opportunity
Chapter 5 Global Professional Lighting 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 Professional Lighting Market Size Forecast by Type
5.2.1 Conventional Lighting
5.2.2 LED Lighting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Professional Lighting 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 Professional Lighting Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Professional Lighting 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 Professional Lighting 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 Professional Lighting Analysis and Forecast
9.1 Introduction
9.2 North America Professional Lighting 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 Professional Lighting Market Size Forecast by Type
9.6.1 Conventional Lighting
9.6.2 LED Lighting
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 Professional Lighting Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
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 Professional Lighting Analysis and Forecast
10.1 Introduction
10.2 Europe Professional Lighting 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 Professional Lighting Market Size Forecast by Type
10.6.1 Conventional Lighting
10.6.2 LED Lighting
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 Professional Lighting Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
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 Professional Lighting Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Professional Lighting 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 Professional Lighting Market Size Forecast by Type
11.6.1 Conventional Lighting
11.6.2 LED Lighting
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 Professional Lighting Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
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 Professional Lighting Analysis and Forecast
12.1 Introduction
12.2 Latin America Professional Lighting 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 Professional Lighting Market Size Forecast by Type
12.6.1 Conventional Lighting
12.6.2 LED Lighting
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 Professional Lighting Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
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) Professional Lighting Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Professional Lighting 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) Professional Lighting Market Size Forecast by Type
13.6.1 Conventional Lighting
13.6.2 LED Lighting
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) Professional Lighting Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
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 Professional Lighting Market: Competitive Dashboard
14.2 Global Professional Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NVC
14.3.2 Philips
14.3.3 Opple
14.3.4 FSL
14.3.5 Leedarson Luminaire
14.3.6 PAK
14.3.7 Topstar
14.3.8 Osram
14.3.9 Liaoyuan Lighting
14.3.10 TCP
14.3.11 NVC
14.3.12 Huayi Lighting
14.3.13 Toshiba
14.3.14 TCL
14.3.15 Forest Lighting
14.3.16 Kingsun Optoelectronic
14.3.17 Feilo Acoustics
14.3.18 Hongyar Electrical
14.3.19 Midea
14.3.20 Yankon
14.3.21 NPU
14.3.22 Handson
14.3.23 GE Lighting
