Global High-End Lighting Market to Rise at 5.9% CAGR during 2017-2023, Says KBV Research in Its Topical Report Available at MarketPublishers.com20 Dec 2017 • by Natalie Aster
LONDON – Rising adoption of smartphones together with expanding Internet connectivity has fueled the demand for connected lighting systems. Propelled by the mushrooming demand for connected lighting and expanding interior designing trends, the world’s high-end lighting market will likely increase at a 5.9% CAGR in the foreseeable future to amount to appr. USD 21 billion in value terms by the year 2023.
The LED sector is anticipated to account for the largest share of the overall high-end lighting market during 2017-2023, owing to remarkable technological and economical advancements, for instance, high efficiency and better brightness levels. Meantime, the existing ban on incandescent and HID lights in various countries may considerably hamper the development of these sectors in the coming years and result in a decline of their market shares.
Eaton Corporation, Honeywell International, Acuity Brands, Digital Lumens, Cree, General Electric Company, Koninklijke Philips, Legrand, Lutron Electronics and Streetlight. Vision. are some of the prominent players active in the world’s high-end lighting marketplace.
Insightful topical report “Global High-End Lighting Market Analysis (2017-2023)” created by KBV Research presents access to a comprehensive guide to the world’s market for high-end lighting, discusses the prevailing market development trends, provides a clear understanding of the actual market scenario and also touches upon the historical development patterns and demand drivers. Moreover, this report offers a profound analysis of the market segments with details on their shares and growth rates, investigates the current scenario of the high-end lighting market at different geographical levels, limelights the market dynamics and gives data on the main market growth influencing factors. Besides, insights into the competitive scene and info on the leading companies are gives in this publication along with future forecasts up to 2023.
A full collection of the publisher’s research reports can be found in the KBV Research online catalogue at MarketPublishers.com.