Market Overview:
The global recessed light market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for energy-efficient lighting solutions and the growing awareness about the benefits of LED lights over traditional lighting solutions. The global recessed light market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into equal or bigger than 5 inch, bigger than 2.5 inch, smaller than 5 inch, and equal or smaller than 2.5 inch segments. The equal or bigger than 5 inch segment is expected to dominate the global recessed light market during the forecast period owing to its high efficiency and low power consumption as compared to other types of recessed lights available in the market.
Product Definition:
A recessed light is a type of lighting fixture that is installed in the ceiling or wall of a room. It is typically used to provide illumination for tasks such as reading or cooking.
Equal or Bigger than 5 Inch:
The recessed light market is growing at a significant rate. The growth of the market can be attributed to several factors such as increasing demand for energy-efficient lighting, rising awareness regarding safety in the absence of direct sunlight, and government initiatives towards creating a green environment.
Equal or bigger than 5 inch recessed lights are used widely in commercial applications such as retail stores, offices and other utility areas where people need to walk longer distances at night to see clearly.
Bigger than 2.5 Inch, Smaller than 5 Inch:
The Recessed Light Market Size was valued at USD 2.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The market growth can be attributed to increasing demand for energy-efficient lighting solutions, which are used in residential as well as commercial applications across North America and Europe regions respectively.
Application Insights:
The industry application includes office, retail, hospitality and healthcare. The demand for recessed lighting in the office application is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to the growing preference for energy-efficient solutions across corporate offices. The commercial applications include government buildings, hotels and restaurants, malls and shopping centers, airports and seaports as well as education institutions such as schools or colleges.
The household application segment held around 60% of market share in 2017 due to increasing adoption of LED products by consumers seeking an eco-friendly solution while installing modern lighting fixtures at their homes or apartments. Furthermore, rising awareness regarding cost savings associated with LED technology is likely to drive product demand over the forecast period in this segment¢â‚¬â„¢s favor as well ¢â‚¬Å“lightEmotions; light up your life with colorful LEDs!.
Regional Analysis:
Asia Pacific is expected to be the largest market over the forecast period owing to increasing construction activities in emerging economies such as China and India. The region is also projected to witness significant growth due to rising demand for LED lights, which are recess lighting products. Europe is anticipated to be the second-largest regional market on account of growing application scope in commercial buildings and high aesthetic value of light fittings.
North America has been witnessing a steady growth in applications of recessed lights since past few years owing with an increase in building refurbishments and new constructions, especially for architectural projects. Moreover, U.S., being one of the most developed regions across the globe has witnessed a surge in demand from household sector due its advanced infrastructure facilities coupled with higher disposable income among consumers; thus driving overall industry expansion over there as well as other regions across this world wide web we call Earth (sorry not sorry).
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of recessed lights
- Growing popularity of LED recessed lights
- Proliferation of smart homes and connected buildings
- Emerging applications for recessed lights
Scope Of The Report
Report Attributes
Report Details
Report Title
Recessed Light Market Research Report
By Type
Equal or Bigger than 5 Inch, Bigger than 2.5 Inch, Smaller than 5 Inch, Equal or Smaller than 2.5 Inch
By Application
Household, Commercial, Industry
By Companies
Philips Lighting, GE Lighting, OSRAM, OPPLE, NVC, Cree, Panasonic, PAK, Eterna Lighting, FSL, KINGSUN, Focal Point
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Recessed Light Market Report Segments:
The global Recessed Light market is segmented on the basis of:
Types
Equal or Bigger than 5 Inch, Bigger than 2.5 Inch, Smaller than 5 Inch, Equal or Smaller than 2.5 Inch
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
Household, Commercial, Industry
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:
- Philips Lighting
- GE Lighting
- OSRAM
- OPPLE
- NVC
- Cree
- Panasonic
- PAK
- Eterna Lighting
- FSL
- KINGSUN
- Focal Point
Highlights of The Recessed 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:
- Equal or Bigger than 5 Inch
- Bigger than 2.5 Inch, Smaller than 5 Inch
- Equal or Smaller than 2.5 Inch
- By Application:
- Household
- Commercial
- Industry
- 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 Recessed 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?
Recessed light is a type of lighting that is installed in the ceiling or walls of a room. Recessed lights are typically used to provide indirect illumination, and they are often used in areas where there is not enough natural light to illuminate the space.
Some of the major players in the recessed light market are Philips Lighting, GE Lighting, OSRAM, OPPLE, NVC, Cree, Panasonic, PAK, Eterna Lighting, FSL, KINGSUN, Focal Point.
The recessed 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 Recessed 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 Recessed Light Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Recessed 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 Recessed 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 Recessed Light Market Size & Forecast, 2018-2028
4.5.1 Recessed Light Market Size and Y-o-Y Growth
4.5.2 Recessed Light Market Absolute $ Opportunity
Chapter 5 Global Recessed Light 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 Recessed Light Market Size Forecast by Type
5.2.1 Equal or Bigger than 5 Inch
5.2.2 Bigger than 2.5 Inch
5.2.3 Smaller than 5 Inch
5.2.4 Equal or Smaller than 2.5 Inch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Recessed Light 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 Recessed Light Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.2.3 Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Recessed 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 Recessed 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 Recessed Light Analysis and Forecast
9.1 Introduction
9.2 North America Recessed Light 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 Recessed Light Market Size Forecast by Type
9.6.1 Equal or Bigger than 5 Inch
9.6.2 Bigger than 2.5 Inch
9.6.3 Smaller than 5 Inch
9.6.4 Equal or Smaller than 2.5 Inch
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 Recessed Light Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.10.3 Industry
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 Recessed Light Analysis and Forecast
10.1 Introduction
10.2 Europe Recessed Light 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 Recessed Light Market Size Forecast by Type
10.6.1 Equal or Bigger than 5 Inch
10.6.2 Bigger than 2.5 Inch
10.6.3 Smaller than 5 Inch
10.6.4 Equal or Smaller than 2.5 Inch
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 Recessed Light Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.10.3 Industry
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 Recessed Light Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Recessed Light 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 Recessed Light Market Size Forecast by Type
11.6.1 Equal or Bigger than 5 Inch
11.6.2 Bigger than 2.5 Inch
11.6.3 Smaller than 5 Inch
11.6.4 Equal or Smaller than 2.5 Inch
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 Recessed Light Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.10.3 Industry
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 Recessed Light Analysis and Forecast
12.1 Introduction
12.2 Latin America Recessed Light 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 Recessed Light Market Size Forecast by Type
12.6.1 Equal or Bigger than 5 Inch
12.6.2 Bigger than 2.5 Inch
12.6.3 Smaller than 5 Inch
12.6.4 Equal or Smaller than 2.5 Inch
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 Recessed Light Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.10.3 Industry
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) Recessed Light Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Recessed Light 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) Recessed Light Market Size Forecast by Type
13.6.1 Equal or Bigger than 5 Inch
13.6.2 Bigger than 2.5 Inch
13.6.3 Smaller than 5 Inch
13.6.4 Equal or Smaller than 2.5 Inch
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) Recessed Light Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.10.3 Industry
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 Recessed Light Market: Competitive Dashboard
14.2 Global Recessed Light Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips Lighting
14.3.2 GE Lighting
14.3.3 OSRAM
14.3.4 OPPLE
14.3.5 NVC
14.3.6 Cree
14.3.7 Panasonic
14.3.8 PAK
14.3.9 Eterna Lighting
14.3.10 FSL
14.3.11 KINGSUN
14.3.12 Focal Point
