Market Overview:
The global sunken lights market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions, rising awareness about the benefits of LED lights, and growing investments in infrastructure development. The global sunken lights market is segmented on the basis of type into halogen light, LED light, and other types. The LED light segment is expected to grow at a higher CAGR than other segments during the forecast period owing to its energy-efficiency and longer life span as compared to other types of lights. On the basis of application, the global sunken lights market is segmented into residential, commercial, and industrial applications.
Product Definition:
Sunken Lights are an architectural feature found in some churches and other large, formal buildings. They are a series of recessed or sunken lights in the ceiling, typically used to create an effect of shadow and depth.
Halogen Light:
Halogen light is a gas-discharge lamp made up of tungsten filament and halogen gas. It produces light by way of an electric arc between the tungsten filament and the glass globe. The arc can be produced by way of a metal reflector or an incandescent filament, but it is most commonly created with a reflector that contains several filaments in series connected by electrical wires.
LED Light:
LED light is a type of lighting technology that produces light by the virtue of electricity. The modern LED lights are made use of in numerous applications including traffic signals, streetlights, and downlighting for indoor purposes among others. LEDs have been gradually getting popular as an alternative to incandescent lights owing to their longer life span and lower power consumption characteristics which makes them ideal for various applications such as residential lighting, automotive OEMs (one day), general illumination market etc.
Application Insights:
The global sunken lights market has been segmented on the basis of application into residential, commercial and industrial. The commercial sector dominated the overall industry in terms of revenue in 2017. This is attributed to a rise in demand for various applications such as retail stores, restaurants and hotels, entertainment complexes and sports facilities among others. Moreover, an increase in construction activities for new commercial spaces is expected to drive the growth over the forecast period.
Industrial application was estimated at USD 1,176 million in 2017 owing to its rising use across oil & gas industries for providing low-light environment required by night shift workers along with energy-efficient solutions that reduce lighting costs while increasing productivity levels simultaneously reducing carbon footprint significantly over other conventional alternatives such as HID or fluorescent lamps which are more expensive than LED sunken light systems respectively driving its demand globally over recent years.
Regional Analysis:
Europe dominated the global market in 2017 owing to growing demand from residential and commercial applications. The region is expected to witness a CAGR of XX% over the forecast period, on account of increasing construction activities due to rising population coupled with stringent regulations for energy consumption per capita in various countries such as Germany, U.K., France and Italy among others are expected drive product demand over the next eight years.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to rapid urbanization along with increasing disposable income especially in China, India.
Growth Factors:
- Increasing demand from the automotive sector for LED lighting
- Rising demand for energy-efficient lighting solutions
- Proliferation of Internet of Things (IoT) and connected devices
- Growing awareness about the benefits of LED lights over traditional light sources
- Technological advancements in LED lighting technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Sunken Lights Market Research Report
By Type
Halogen Light, LED Light, Other
By Application
Residential, Commercial, Industrial
By Companies
Mullan Lighting, Egoluce, Masiero, Landa Illuminotecnica, Pujol Iluminacion, Roger Pradier, BOVER Barcelona, Faro Barcelona, lucifero illuminazione, Mareco Luce, Mullan Lighting, Valmont France
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Sunken Lights Market Report Segments:
The global Sunken Lights market is segmented on the basis of:
Types
Halogen Light, LED Light, Other
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:
- Mullan Lighting
- Egoluce
- Masiero
- Landa Illuminotecnica
- Pujol Iluminacion
- Roger Pradier
- BOVER Barcelona
- Faro Barcelona
- lucifero illuminazione
- Mareco Luce
- Mullan Lighting
- Valmont France
Highlights of The Sunken Lights 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:
- Halogen Light
- LED Light
- Other
- 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 Sunken Lights 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?
Sunken Lights is a term used to describe the appearance of stars that have sunk below the horizon.
Some of the key players operating in the sunken lights market are Mullan Lighting, Egoluce, Masiero, Landa Illuminotecnica, Pujol Iluminacion, Roger Pradier, BOVER Barcelona, Faro Barcelona, lucifero illuminazione, Mareco Luce, Mullan Lighting, Valmont France.
The sunken lights market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sunken Lights 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 Sunken Lights Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Sunken Lights 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 Sunken Lights 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 Sunken Lights Market Size & Forecast, 2020-2028 4.5.1 Sunken Lights Market Size and Y-o-Y Growth 4.5.2 Sunken Lights 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 Halogen Light
5.2.2 LED Light
5.2.3 Other
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 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sunken Lights 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 Sunken Lights 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 Halogen Light
9.6.2 LED Light
9.6.3 Other
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 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 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 Halogen Light
10.6.2 LED Light
10.6.3 Other
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 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 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 Halogen Light
11.6.2 LED Light
11.6.3 Other
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 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 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 Halogen Light
12.6.2 LED Light
12.6.3 Other
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 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) 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 Halogen Light
13.6.2 LED Light
13.6.3 Other
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 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 Sunken Lights Market: Competitive Dashboard
14.2 Global Sunken Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mullan Lighting
14.3.2 Egoluce
14.3.3 Masiero
14.3.4 Landa Illuminotecnica
14.3.5 Pujol Iluminacion
14.3.6 Roger Pradier
14.3.7 BOVER Barcelona
14.3.8 Faro Barcelona
14.3.9 lucifero illuminazione
14.3.10 Mareco Luce
14.3.11 Mullan Lighting
14.3.12 Valmont France