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Europe Damp Proof LED Linear Luminaire Market is projected to exhibit a CAGR of 13.62 % between 2017 and 2023

Author: QYResearch | Publish date: 2018-08-18 | Views: 30
The LED Damp Proof luminaires, with robust plastic (PC) and stainless-steel clamps, which are applied in Industrial and Storage Facilities, Industrial and Storage Facilities, Humid and Wet Indoor Locations, etc. It is suitable replacements for luminaires with traditional lighting technologies with energy savings up to 50%.

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According to this study, the Damp Proof LED Linear Luminaire market size was 189.5 million USD in Europe, and it will be 407.8 million USD in 2023, with a CAGR of 13.62 % between 2017 and 2023.

 

Europe Damp Proof LED Linear Luminaire Market: Market Driver and Risk

Driving Force

1. The LED lighting industry continues to grow rapidly.

According to IHS, the global LED lighting market reached US$ 58.1 billion in 2017, an increase of 19.06% compared with 2016, and a penetration rate of 35% in the overall lighting market.

2. Damp Proof LED Linear Luminaire are mainly used in Garages & Underground Car Parks, Industrial and Storage Facilities, Humid and Wet Indoor Locations. With the continuous growth of real estate and the improvement of urbanization, the market for Damp Proof LED Linear Luminaire has been boosted. In general, the downstream market is the main driving force for the growth of Damp Proof LED Linear Luminaire.

3. With the diversification of sales channels, such as lighting shops, hardware stores, and the continuous development of e-commerce, this has also indirectly promoted the growth of the LED linear moisture-proof lamp market.


Market Risk

1. With the advancement of technology and advances in manufacturing processes, global Damp Proof LED Linear Luminaire have continued to cut prices since 2011.

2. Intense competition and thin profit are the major crisis faced by Damp Proof LED Linear Luminaire manufactures.


Europe Damp Proof LED Linear Luminaire Market: Forecast by Application

This segment includes Garages & Underground Car Parks, Industrial and Storage Facilities, Humid and Wet Indoor Locations and Others. In the applications, the Industrial and Storage Facilities segment was estimated to account for the highest market share of 67.82 % in 2017 and is expected to gain significant market share by the end of 2023.


Europe Damp Proof LED Linear Luminaire Market: Forecast by Form

This segment includes IP 65, IP 66 and others. On the basis of product type, the IP 65 segment is projected to account for the largest revenue market share during the forecast period; this segment accounted for 78.6 % revenue market share in 2017.


Europe Damp Proof LED Linear Luminaire Market: Forecast by Region

In this study, the consumption region of Damp Proof LED Linear Luminaire divided into eight geographic regions. Among all regions, Germany Damp Proof LED Linear Luminaire market size was valued at around USD 37.9 million in 2017, followed by UK and France.


Europe Damp Proof LED Linear Luminaire Market: Key Players

TRILUX, Ledvance, Zumtobel, Philips Lighting, Adolf Schuch GmbH, Feilo Sylvania, Regiolux, Disano Illuminazione S.p.A, Dialight and Opple, are the key vendors included in this report.

Of the major players of Damp Proof LED Linear Luminaire, TRILUX dominated the market, with accounted for 22.03% of the Damp Proof LED Linear Luminaire revenue market share in 2017. Ledvance, Zumtobel, Philips Lighting and Adolf Schuch GmbH are the key players.


Click to view the full report TOC, figure and tables

https://www.qyresearch.com/index/detail/552316/global-damp-proof-led-linear-luminaire-sales-market




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