Bulkhead Lighting is Fastest Growing Segment Fueling the Growth of Bulkhead Lighting Market

 
Bulkhead Lighting Market 

Market Overview:
Bulkhead lighting provides illumination in stairs, bulkheads, and other areas where surface-mounted lights cannot reach. It allows indirect and decorative lighting in areas that need it the most such as stairs, ledges, and architectural features.

Market key trends:
One of the key trends in the bulkhead lighting market is the emergence of LED bulkhead lights. LEDs have many advantages over traditional bulbs such as lower energy consumption, longer lifespan, and smaller size. Manufacturers are increasingly offering LED bulkhead lights due to growing demand for energy-efficient lighting solutions. Some other trends include introduction of sensor-based and Wi-Fi enabled smart bulkhead lights, increasing usage of bulkhead lights in commercial buildings, and growing adoption of bulkhead lights designed specifically for outdoor applications.
Segment Analysis
The global bulkhead lighting market is dominated by the LED segment due to its low power consumption, long lifespan and environmental sustainability. The LED segment currently holds around 60% of the total market share owing to widespread adoption of LED lighting across various commercial and residential applications. With declining LED prices and technological advancements, the LED segment is expected to continue dominating the bulkhead lighting market during the forecast period.

The global Bulkhead Lighting Market Demand is estimated to be valued at US$ 456.21 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Key Takeaways
The global bulkhead lighting market is expected to witness high growth, exhibiting CAGR of 5.5% over the forecast period, due to increasing demand for energy efficient lighting solutions in residential, commercial and industrial sectors.

Regional analysis
North America currently dominates the bulkhead lighting market, accounting for around 35% of the global market share. The growth in this region is driven by high adoption of advanced lighting technologies and presence of major players. Asia Pacific is projected to be the fastest growing region owing to industrialization and urbanization in countries such as China and India.

Key players
Key players operating in the bulkhead lighting market are Eaton Corporation, Philips Lighting, Hubbell Incorporated, Zumtobel Group AG, Thorn Lighting, Acuity Brands Lighting, Inc., Wipro Enterprises Private Limited, General Electric Company, Osram Licht AG, Feilo Sylvania, Nordlux A/S, Chalmit Lighting, Crompton Greaves Consumer Electricals Limited, Dialight plc, Glamox AS. The global bulkhead lighting market is highly fragmented with these key players accounting for around 45% of the total market share.

For more insights, read-

https://www.marketwebjournal.com/bulkhead-lighting-market-growth-market-size-share-analysis/

 

Comments

Post a Comment

Popular posts from this blog

Eyewear Market Is Estimated To Witness High Growth Owing To the Growing Demand for Prescription Eyewear

Image
  Eyewear Market The global Eyewear Market is estimated to be valued at US$ 273.4 billion in 2018 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: The Eyewear Market includes products such as prescription glasses, contact lenses, and sunglasses. These products offer vision correction and protection from harmful ultraviolet (UV) rays. The increasing prevalence of eye disorders and the growing awareness about the importance of eye health are driving the demand for eyewear products. Furthermore, the rising use of digital devices and exposure to blue light is also contributing to the need for prescription eyewear to reduce eye strain and prevent vision problems. Market Key Trends: One key trend in the Eyewear Market is the increasing demand for fashionable and luxury eyewear. Consumers are not only seeking vision correction but also looking for eyewear that complements
Read more

The Mobile Computed Tomography Is The Fastest Growing Segment Fueling The Growth Of Computed Tomography Market

Image
  Computed Tomography Market The global Computed Tomography Market is estimated to be valued at US$ 7.9 Bn in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview : Computed tomography, commonly known as CT or CAT scan, is a medical imaging technique used for clinical diagnosis and interventional procedures. CT imaging provides cross-sectional views of the internal organs to accurately detect medical conditions such as cancer, blood clots, lung nodules, or bone fractures. CT scans generate three-dimensional images or slices of the bones, blood vessels, and soft tissues inside the body. Market key trends: One of the key trends in the computed tomography market is the growing adoption of mobile CT systems. Mobile CT systems are CT devices that can be transported to various locations within a hospital campus or healthcare facility. Mobile CT scanners provide versat
Read more

The Electronic Warfare Market Will Grow At Highest Pace Owing To Rising Adoption Of Advanced Electronic Warfare Systems In Defense Sector

Image
  Electronic Warfare Market The electronic warfare market involves technologies, processes and tactics to dominate, disrupt and deny the electromagnetic spectrum that supports mission-critical functions which include communications, command and control, sensors, targeting and surveillance. Effective electronic warfare systems play an important role in modern warfare by minimizing risks and maximizing operational effectiveness. They help to suppress enemy use of electromagnetic spectrum and keep friendly spectrum available for own use. Some key functions of electronic warfare systems include electronic attack, electronic protection and electronic support. The growing use of technologically advanced aircraft, ships and weapons systems has increased the demand for sophisticated electronic warfare capabilities to counter emerging electromagnetic threats and stay ahead in the battlefield. The Global Electronic Warfare Market is estimated to be valued at US$ 18.45 Bn in 2024 and is expected
Read more