Global Recessed Downlights Market Professional Survey by Types, Applications, and Players, with Regional Growth Rate Analysis and Development Situation, from 2023 to 2028

SKU ID : Maia- 24639099

Publishing Date : 14-Aug-2023

No. of pages : 105

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  • According to the latest research, the global Recessed Downlights market size was valued at USD 2993.15 million in 2022 and is expected to expand at a CAGR of 6.99% during the forecast period, reaching USD 4489.06 million by 2028.

    Recessed downlights, also known as can lights or pot lights, are an excellent choice for many residential and commercial applications. A recessed downlight is a light fixture that is installed into a hollow opening in a ceiling. When installed it appears to have light shining from a hole in the ceiling, concentrating the light in a downward direction as a broad floodlight or narrow spotlight. Recessed downlight is the most flexible form of light for both commercial buildings and residential. Recessed downlights are available in a number of different sizes or diameters, fluctuating from two to eight inches.

    The development of the real estate industry
    Highly emergent sector of real estate is one of the driving factors for the global recessed downlights market. In addition, factors such as engineering advantages, availability of a wide variety of recessed downlights, different colors in the lighting, as well as, flexibility in fitting also contribute to the growth in the adoption of recessed downlights. Furthermore, energy efficiency provided by latest fittings of recessed downlights, disciplinary policies by the government for energy conservation, and rapid adoption of clean & minimalistic design are promoting growth in the recessed downlights market.

    Increasing demand
    Recessed downlight is a light fixture installed in a hollow opening in the ceiling. It is also known as downlight or pot light. With recent rise in demand for aesthetically pleasing homes, the recess lighting market is garnering exponential growth. Rapid population growth, migration from rural areas to urban cities is causing the real estate industry to reduce ceiling heights in latest constructions. This has practically caused the need and demand for recessed downlights to skyrocket. Furthermore, recessed downlights can also be installed in water intensive environments, boosting growth in the global recessed lighting market. Besides, one of the major drivers for recessed lighting market is by rising construction area along with improved appealing and engineering benefits. The growing real-estate market enhances the market for recessed lightings that are used widely in residential areas, hotels, showrooms, and offices. Additionally, the availability of colors, variety and flexibility of installing recessed lighting make it more interior friendly is one of the drivers of recessed lighting market.

    Region Overview:
    From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

    Company Overview:
    Signify is one of the major players operating in the Recessed Downlights market, holding a share of 5.82% in 2022.

    Signify is the world leader in lighting for professionals, consumers and lighting for the Internet of Things. Signify’s energy efficient lighting products, systems and services enable the customers to enjoy a superior quality of light, and make people’s lives safer and more comfortable, and businesses more productive and cities more livable.

    ZUMTOBEL
    ZUMTOBEL is internationally leading supplier of integral lighting solutions. Zumtobel uses integral lighting solutions to create lighting scenes that make it possible to experience the interplay between light and architecture in all its diverse complexity. The combined use of luminaires, lighting management and emergency lighting systems is geared towards the architecture of a building and the particular application situation.

    Segmentation Overview:
    Among different product types, 4 Inch segment is anticipated to contribute the largest market share in 2027.

    Application Overview:
    By application, the Commercial Use segment occupied the biggest share from 2017 to 2022.

    This report elaborates on the market size, market characteristics, and market growth of the Recessed Downlights industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Recessed Downlights. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.

    Key Points this Global Recessed Downlights Market Report Include:
    Market Size Estimates: Recessed Downlights market size estimation in terms of revenue and sales from 2018-2028
    Market Dynamic and Trends: Recessed Downlights market drivers, restraints, opportunities, and challenges
    Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Recessed Downlights market
    Segment Market Analysis: Recessed Downlights market revenue and sales by type and by application from 2018-2028
    Regional Market Analysis: Recessed Downlights market situations and prospects in major and top regions and countries
    Recessed Downlights Market

    Competitive Landscape

    and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.
    Recessed Downlights Industry Chain: Recessed Downlights market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
    Recessed Downlights Industry News, Policies by regions
    Recessed Downlights Industry Porters Five Forces Analysis

    Key players in the global Recessed Downlights market are covered in Chapter 2:
    3F Filippi
    Signify
    REGENT
    Doxis Lighting Factory
    Aqlus
    Lumenpulse
    Targetti Sankey
    FAGERHULT
    ZUMTOBEL
    Puraluce srl
    De Majo Illuminazione
    Ivela spa
    Feilo Sylvania
    FLOS
    Climar

    In Chapter 6 and Chapter 9, on the basis of types, the Recessed Downlights market from 2018 to 2028 is primarily split into:
    5 Inch
    4 Inch
    2.5 Inch
    Other

    In Chapter 7 and Chapter 10, on the basis of applications, the Recessed Downlights market from 2018 to 2028 covers:
    Household Use
    Commercial Use

    Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
    United States
    Europe
    China
    Japan
    India
    Southeast Asia
    Latin America
    Middle East and Africa
    Others

    In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.

    Chapter Outline
    This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:

    Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Recessed Downlights market size in terms of revenue, sales volume, and average price.

    Chapter 2 analyzes the main companies in the Recessed Downlights industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.

    Chapter 3 is an analysis of the competitive environment of Recessed Downlights market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.

    Chapter 4 is an analysis of the Recessed Downlights industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.

    Chapter 5 focuses on Recessed Downlights market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.

    Chapters 6-8 have segmented the Recessed Downlights market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.

    Chapters 9-11 provide detailed Recessed Downlights market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.

    Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.

    Years considered for this report:


    Historical Years:

    2018-2022

    Base Year:

    2022

    Estimated Year:

    2023

    Forecast Period:

    2023-2028

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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