Market Overview:
The global recessed lighting 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, growing awareness about the benefits of LED recessed lighting, and rising construction spending across the globe. The LED recessed lighting segment is expected to grow at a CAGR of 7.8% during the forecast period and account for the largest share of the global recessed lighting market in 2030. This growth can be attributed to factors such as increasing demand for energy-efficient LED lights, falling prices of LEDs, and rising awareness about their benefits over other types of lights such as CFLs and incandescent bulbs. In terms of application, residential applications are expected to account for the largest share of the global recessed Lighting market in 2030 followed by commercial applications.
Product Definition:
A recessed light is a light fixture that is installed into the ceiling or wall of a room. Recessed lights are typically used to provide ambient or task lighting in a room.
LED Recessed Lighting:
LED Recessed Lighting is a new-age technology that has made its presence felt in the market with its ability to deliver improved quality of light and energy efficiency. LED recessed lighting is used for general illumination purposes in commercial and residential applications. It finds application in retail stores, offices, hotels, washrooms/toilets, garages etc., owing to features such as long life span (50,000 hours) and low power consumption (80% less than incandescent).
Compact Fluorescent Recessed Lighting (CFL):
Compact fluorescent recessed lighting is a type of light source that produces a soft white light. It has the ability to produce an extended range of colors by shifting the spectrum through different color filters. The compact fluorescent lamp (CFL) is one of the most energy-efficient sources of lighting available today, with an estimated 80% energy efficiency rating. This makes it ideal for use in applications where high levels of illumination are required, such as retail stores and warehouses among others.
Application Insights:
The commercial application segment led the global recessed lighting market in 2017. It is expected to witness a CAGR of XX% over the forecast period owing to an increase in demand from retail stores, offices, hotels and other public buildings. The growth of this application segment can be attributed to increasing construction activities for commercial spaces at a global level coupled with rising consumer preference for aesthetically pleasing interiors.
Institutions/schools are projected to be one of the fastest-growing segments during the forecast period due largely on growing government support toward education infrastructure development along with rising number of schools and colleges at a domestic level across various countries worldwide including India, China Japan Brazil etc. Moreover, technological advancements such as smart classrooms that involve advanced technology such as IoT (Internet Of Things) & VR (Virtual Reality) are being installed by educational institutions globally which is further anticipated to boost product demand over the coming years especially in developed economies like U.S.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing demand from residential and commercial applications. Rapid growth of the construction industry in emerging economies, such as China and India, has led to an increased adoption of recessed lighting solutions for architectural projects. This trend is projected to drive product demand over the next eight years.
The Middle East & Africa region is anticipated to witness significant growth in light of rising government investments in infrastructure development across countries like Saudi Arabia and UAE.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of recessed lighting
- Growing popularity of LED recessed lights
- Proliferation of smart homes and connected buildings
- Emerging applications for recessed lighting
Scope Of The Report
Report Attributes
Report Details
Report Title
Recessed Lighting Market Research Report
By Type
LED Recessed Lighting, Compact Fluorescent Recessed Lighting (CFL), Incandescent Bulbs Recessed Lighting, Halogen Recessed Lighting, Others
By Application
Residential, Commercial, Industrial, Institutions/Schools, Others,
By Companies
Osram GmbH, Elegant Lighting Inc, Philips Lighting Holding B.V., Halo Commercial, Cree Inc., Globe Electric, Acuity Brands Lighting Inc., General Electric Company, Eterna Lighting Ltd., Herbert Waldmann GmbH & Co. KG, Acuity Brands Lighting Inc., Eaton Corporation PLC, Hubbell Incorporation, KLS Martin Group, Cooper Lighting, LLC, Zumtobel Lighting GmbH, LSI Industries, Juno Lighting Group,
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Recessed Lighting Market Report Segments:
The global Recessed Lighting market is segmented on the basis of:
Types
LED Recessed Lighting, Compact Fluorescent Recessed Lighting (CFL), Incandescent Bulbs Recessed Lighting, Halogen Recessed Lighting, Others
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, Institutions/Schools, Others,
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:
- Osram GmbH
- Elegant Lighting Inc
- Philips Lighting Holding B.V.
- Halo Commercial
- Cree Inc.
- Globe Electric
- Acuity Brands Lighting Inc.
- General Electric Company
- Eterna Lighting Ltd.
- Herbert Waldmann GmbH & Co. KG
- Acuity Brands Lighting Inc.
- Eaton Corporation PLC
- Hubbell Incorporation
- KLS Martin Group
- Cooper Lighting, LLC
- Zumtobel Lighting GmbH
- LSI Industries
- Juno Lighting Group
Highlights of The Recessed 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:
- LED Recessed Lighting
- Compact Fluorescent Recessed Lighting (CFL)
- Incandescent Bulbs Recessed Lighting
- Halogen Recessed Lighting
- Others
- By Application:
- Residential
- Commercial
- Industrial
- Institutions/Schools
- Others
- 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 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?
Recessed lighting is a type of lighting that is installed in the ceiling or walls of a room. Recessed lights are often used to create a more intimate or elegant atmosphere in a room.
Some of the major companies in the recessed lighting market are Osram GmbH, Elegant Lighting Inc, Philips Lighting Holding B.V., Halo Commercial, Cree Inc., Globe Electric, Acuity Brands Lighting Inc., General Electric Company, Eterna Lighting Ltd., Herbert Waldmann GmbH & Co. KG, Acuity Brands Lighting Inc., Eaton Corporation PLC, Hubbell Incorporation, KLS Martin Group, Cooper Lighting, LLC, Zumtobel Lighting GmbH, LSI Industries, Juno Lighting Group.
The recessed lighting market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Recessed Lighting Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Recessed Lighting Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Recessed Lighting Market - Supply Chain
4.5. Global Recessed Lighting Market Forecast
4.5.1. Recessed Lighting Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Recessed Lighting Market Size (000 Units) and Y-o-Y Growth
4.5.3. Recessed Lighting Market Absolute $ Opportunity
5. Global Recessed Lighting Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Recessed Lighting Market Size and Volume Forecast by Type
5.3.1. LED Recessed Lighting
5.3.2. Compact Fluorescent Recessed Lighting (CFL)
5.3.3. Incandescent Bulbs Recessed Lighting
5.3.4. Halogen Recessed Lighting
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Recessed Lighting Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Recessed Lighting Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.3.4. Institutions/Schools
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Recessed Lighting Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Recessed Lighting Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Recessed Lighting Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Recessed Lighting Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Recessed Lighting Demand Share Forecast, 2019-2026
9. North America Recessed Lighting Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Recessed Lighting Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Recessed Lighting Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.4.4. Institutions/Schools
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Recessed Lighting Market Size and Volume Forecast by Type
9.7.1. LED Recessed Lighting
9.7.2. Compact Fluorescent Recessed Lighting (CFL)
9.7.3. Incandescent Bulbs Recessed Lighting
9.7.4. Halogen Recessed Lighting
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Recessed Lighting Demand Share Forecast, 2019-2026
10. Latin America Recessed Lighting Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Recessed Lighting Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Recessed Lighting Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.4.4. Institutions/Schools
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Recessed Lighting Market Size and Volume Forecast by Type
10.7.1. LED Recessed Lighting
10.7.2. Compact Fluorescent Recessed Lighting (CFL)
10.7.3. Incandescent Bulbs Recessed Lighting
10.7.4. Halogen Recessed Lighting
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Recessed Lighting Demand Share Forecast, 2019-2026
11. Europe Recessed Lighting Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Recessed Lighting Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Recessed Lighting Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Industrial
11.4.4. Institutions/Schools
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Recessed Lighting Market Size and Volume Forecast by Type
11.7.1. LED Recessed Lighting
11.7.2. Compact Fluorescent Recessed Lighting (CFL)
11.7.3. Incandescent Bulbs Recessed Lighting
11.7.4. Halogen Recessed Lighting
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Recessed Lighting Demand Share, 2019-2026
12. Asia Pacific Recessed Lighting Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Recessed Lighting Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Recessed Lighting Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Industrial
12.4.4. Institutions/Schools
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Recessed Lighting Market Size and Volume Forecast by Type
12.7.1. LED Recessed Lighting
12.7.2. Compact Fluorescent Recessed Lighting (CFL)
12.7.3. Incandescent Bulbs Recessed Lighting
12.7.4. Halogen Recessed Lighting
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Recessed Lighting Demand Share, 2019-2026
13. Middle East & Africa Recessed Lighting Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Recessed Lighting Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Recessed Lighting Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Industrial
13.4.4. Institutions/Schools
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Recessed Lighting Market Size and Volume Forecast by Type
13.7.1. LED Recessed Lighting
13.7.2. Compact Fluorescent Recessed Lighting (CFL)
13.7.3. Incandescent Bulbs Recessed Lighting
13.7.4. Halogen Recessed Lighting
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Recessed Lighting Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Recessed Lighting Market: Market Share Analysis
14.2. Recessed Lighting Distributors and Customers
14.3. Recessed Lighting Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Osram GmbH
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Elegant Lighting Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Philips Lighting Holding B.V.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Halo Commercial
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cree Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Globe Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Acuity Brands Lighting Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. General Electric Company
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Eterna Lighting Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Herbert Waldmann GmbH & Co. KG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Acuity Brands Lighting Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Eaton Corporation PLC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hubbell Incorporation
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. KLS Martin Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Cooper Lighting, LLC
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Zumtobel Lighting GmbH
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. LSI Industries
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Juno Lighting Group
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19.
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
