NEW YORK, Aug. 17, 2016 /PRNewswire/ -- Architectural LED lights are used for illuminating monuments, museums, building structures, and bridges with the artistic integration of light source. Architectural LED lighting is implemented at indoor and outdoor places for decorative purpose.
To understand and assess the opportunities in this market, the report is categorically split into four sections, namely, market analysis by product type, application, end-user and region. This report covers the global architectural LED products market performance in terms of value and volume contribution. The report includes key trends, drivers, restraints and opportunities guiding the growth of the global architectural LED products market. Impact analysis of key growth drivers and restraints, based on the weighted average model, is included in this report to better equip clients with crystal clear decision-making insights.
The report starts with an overview of the global architectural LED products market and usage of these services in various applications across the globe. In the same section, PMR covers the global architectural LED products market performance in terms of both value and volume.
The Architectural LED products market is segmented as follows:
By Product Type
On the basis of products type, the market is segmented as:
Of these, the conventional products accounted for highest share in terms of value and volume of the overall architectural LED products market in 2014. The architectural LED products market is mainly driven by factors such as government regulations promoting the use of energy-efficient products. Additionally, continuous decrease in the prices of LED products is further driving its adoption in the price-sensitive region such as Asia Pacific. Conventional products segment is further classified as Strip & linear products and lamps.
The report also comprises a section that analyzes the market on the basis of applications and provides the market size in terms of value and volume for the forecast period.
On the basis of applications, the market is segmented as follows:
Others (Specialty Lighting)
Of the above-mentioned segments, in terms of value and volume, the wall washing segment is expected to register the highest CAGR during the forecast period. Leading market participants are investing heavily in R&D activities in order to innovate new advance architectural LED lighting products solutions that would cater to the demand of distinct product across various regions. For instance, in June 2014, OSRAM SYLVANIA Inc. launched OSRAM RLD6, a six-inch LED architectural downlight, at the LIGHTFAIR International 2014 - an annual architectural and commercial lighting trade show and conference, held in Las Vegas, U.S.
The report also analyses market on the basis of end users and provides the market size in terms of value and volume for the forecast period.
On the basis of end users, the market is segmented as follows:
Of the above-mentioned segments, the commercial segment is expected to expand at the highest CAGR during the forecast period, in terms of value and volume both. The commercial segment is further segmented as retail, it & telecom, BFSI, media & entertainment, healthcare and others (government offices, museums, educational institutes and place of worship).
Among the commercial sectors, the others sub-segment (government offices, museums, educational institutes, and place of worship) is anticipated to dominate the market with highest market share by 2021 end, in terms of both value and volume.
The report also analyzes the market across various geographies and provides the market size in terms of value and volume for the forecast period: 2015-2021
Regions covered in the report are as follows:
The Middle East & Africa
Of the aforementioned segments, in terms of value, the Asia-Pacific market is expected to register the highest CAGR during the forecast period and is expected to remain largest market share, out of the total architectural LED products market by 2021.
The report on the global architectural LED products market profiles some of the key players including Cooper Industries PLC (Eaton Corporation), Philips Lumileds Lighting Company, Osram Lict AG, Epistar Corporation, Cree, Inc., Verbatim Ltd., GE Lighting Solutions, Samsung Electronics Co., Ltd., Toshiba Lighting & Technology Corporation, and Galaxia Electronics Co. Ltd.
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