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Ceiling Lights Market Size, Share & Growth | Forecast [2031]

Ceiling Lights Market

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Segments - by Types (Fluorescent, LED, CFL, and Halogen), Applications (Commercial Buildings and Residential Buildings), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Report Description

Ceiling Lights Market Outlook 2031

The Global Ceiling lights market size was valued at USD 36.50 Billion in 2022 and is likely reach to USD 59.70 Billion by 2031, expanding at a CAGR of 5.62% during the forecast period, 2023-2031. The growth of the market is attributed to growing infrastructure development especially in emerging economies across the globe.

Ceiling lights are the type of lights which are directly mounted on the ceiling for the general illumination of room or specific section. These are mainly a light fixture which are allied with ceiling. Ceiling lights are commonly used for offering general illumination and are extremely popular and feasible in rooms with lower ceiling height and major populated areas.

This type of lights are manufactured with enhanced design and technology to reduce power consumption. The celling lights provide uniform brightness, attractive look, and provides durability. Generally, there are three types of ceiling lights flush lamps, drop lamps, and recessed lamps.

Flush lamps are closed to the ceiling, drop lamps are dropped down from ceiling facing towards the ground, and recessed lamps are fixed against the ceiling, opposite to flush lamps.

The COVID-19 pandemic outbreak had negative impact on the market. During the pandemic, the emergency lockdown imposed by government bodies across the globe resulted in the temporary closure of corporate offices and schools.

Additionally, supply chain were disrupted, trade business was significantly reduced, and manufacturing plants were not operational, which hampered the demand of ceiling lights. The market is expected to recover soon with an uptrend operation as lockdown is lifted gradually due to subsiding COVID-19 cases.

Market Trends, Drivers, Restraints, and Opportunities

Increasing efficiency and longer life span offered by ceiling lights is one of the key factors driving the market growth.
Rising government initiatives for LED (Light-emitting diode) light manufactures is projected to boost the market during the forecast period.
High cost of this lights acts as a major challenge that can restrict the market growth in the coming years.
Growing concern about harmful health effects of LED is expected to hamper the market growth during the projected timeline.
Surging technological advancements in ceiling lights is anticipated to create significant growth opportunities for the market.

Scope of Ceiling Lights Market Report

The report on the global ceiling lights market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Ceiling Lights Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Fluorescent, LED, CFL, and Halogen) and Applications (Commercial Buildings and Residential Buildings)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	GKON electricals and Lighting Pvt. Ltd.; Havells India Ltd.; Bajaj Electricals Ltd.; SYSKA; Moser Baer; Koninklijke Philips N.V.; Osram GmbH; Wipro Ltd.; Eveready Industries India Ltd.; Surya Roshni Ltd.; and Oreva

Ceiling Lights Market Segment Insights

LED segment to register a high CAGR

On the basis of types, the global ceiling lights market is segregated into fluorescent, LED, compact fluorescent bulbs (CFL), and halogen. The LED systems segment is projected to register at high CAGR in the projected timeline attributed to the rising government initiatives across the globe to conserve resources.

Additionally, LED lights are environment-friendly, consumes less power, and control the intensity of light, which is the major diver of the segment. However, the CFL segment is anticipated to register a substantial CAGR during the forecast period owing to benefits offered by it, such as compact in size, radiate low heat, energy efficient, low operating cost, and good lumen maintenance.

Residential building segment to grow at rapid pace

Based on applications, the market is bifurcated into commercial buildings and residential buildings. The residential building segment is expected to grow at a rapid pace during the forecast period due to increasing population and changing consumer preference to ceiling lights.

Furthermore, rising residential building construction and favorable government initiatives for LED lights is driving the segment growth further.

On the other hand, the commercial building segment is anticipated to expand at a substantial CAGR in the coming years attributed to the growing adoption of the ceiling lights as it consumes low power, longer life span, and more economic.

Ceiling Lights Market Regional Outlook

North America to constitute a key market share

In terms of region, the global ceiling lights market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to increased adoption of ceiling lights for developed infrastructure in the region.

However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the rising urbanization and industrialization coupled with presence of key global players in the region.

Segments

Types

Fluorescent
LED
CFL
Halogen

Applications

Commercial Buildings
Residential Buildings

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

GKON electricals and Lighting Pvt. Ltd.
Havells India Ltd.
Bajaj Electricals Ltd.
SYSKA
Moser Baer
Koninklijke Philips N.V.
Osram GmbH
Wipro Ltd.
Eveready Industries India Ltd.
Surya Roshni Ltd.
Oreva

Competitive Landscape

Key players competing in the global ceiling lights market are GKON electricals and Lighting Pvt. Ltd.; Havells India Ltd.; Bajaj Electricals Ltd.; SYSKA; Moser Baer; Koninklijke Philips N.V.; Osram GmbH; Wipro Ltd.; Eveready Industries India Ltd.; Surya Roshni Ltd.; and Oreva.

Companies are focusing on investments in R&D sector to gain an early mover advantage. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

For instance, in 2019, Cree Inc. U.S based manufacturer and marketer of lighting products, lighting-class LEDs, and products for radio frequency and power applications was acquired by Ideal Industries Inc., a U.S. based producer of the telecommunication and electrical components for $310 million.

The acquisition involved Ideal Industries control of Cree's intelligent lighting control solutions, LED lighting fixtures, lamps. The acquisition is aimed to help Ideal industries to improve its product line offerings.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ceiling Lights 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. Ceiling Lights Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Ceiling Lights Market - Supply Chain
  4.5. Global Ceiling Lights Market Forecast
     4.5.1. Ceiling Lights Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Ceiling Lights Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Ceiling Lights Market Absolute $ Opportunity
5. Global Ceiling Lights Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Ceiling Lights Market Size and Volume Forecast by Types
     5.3.1. Fluorescent LED CFL Halogen
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Ceiling Lights Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Ceiling Lights Market Size and Volume Forecast by Applications
     6.3.1. Commercial Buildings Residential Buildings
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Ceiling Lights Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Ceiling Lights Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Ceiling Lights Demand Share Forecast, 2019-2026
8. North America Ceiling Lights Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Ceiling Lights Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Ceiling Lights Market Size and Volume Forecast by Types
     8.4.1. Fluorescent LED CFL Halogen
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Ceiling Lights Market Size and Volume Forecast by Applications
     8.7.1. Commercial Buildings Residential Buildings
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Ceiling Lights Demand Share Forecast, 2019-2026
9. Latin America Ceiling Lights 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
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Ceiling Lights Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Ceiling Lights Market Size and Volume Forecast by Types
     9.4.1. Fluorescent LED CFL Halogen
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Ceiling Lights Market Size and Volume Forecast by Applications
     9.7.1. Commercial Buildings Residential Buildings
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Ceiling Lights Demand Share Forecast, 2019-2026
10. Europe Ceiling Lights 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. Europe Average Pricing Analysis
  10.2. Europe Ceiling Lights Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
  10.4. Europe Ceiling Lights Market Size and Volume Forecast by Types
     10.4.1. Fluorescent LED CFL Halogen
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Ceiling Lights Market Size and Volume Forecast by Applications
     10.7.1. Commercial Buildings Residential Buildings
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Ceiling Lights Demand Share Forecast, 2019-2026
11. Asia Pacific Ceiling Lights 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. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Ceiling Lights Market Size and Volume 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. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Ceiling Lights Market Size and Volume Forecast by Types
     11.4.1. Fluorescent LED CFL Halogen
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Ceiling Lights Market Size and Volume Forecast by Applications
     11.7.1. Commercial Buildings Residential Buildings
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Ceiling Lights Demand Share Forecast, 2019-2026
12. Middle East & Africa Ceiling Lights 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. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Ceiling Lights Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Ceiling Lights Market Size and Volume Forecast by Types
     12.4.1. Fluorescent LED CFL Halogen
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Ceiling Lights Market Size and Volume Forecast by Applications
     12.7.1. Commercial Buildings Residential Buildings
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Ceiling Lights Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Ceiling Lights Market: Market Share Analysis
  13.2. Ceiling Lights Distributors and Customers
  13.3. Ceiling Lights Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. GKON electricals and Lighting Pvt. Ltd. Havells India Ltd. Bajaj Electricals Ltd. SYSKA Moser Baer Koninklijke Philips N.V.

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