Under Cabinet Lighting Market Research report provide Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global BBQ Grills industry in Europe.
Dublin, United States - September 23, 2019 /MarketersMedia/ —
The global under cabinet lighting market will grow with a CAGR of 3.4% during the forecast period. On the basis of revenue, the global under cabinet lighting market was valued at US$ 1,642.8 Mn in the year 2018 and is expected to reach US$ 2,146.9 Mn by 2026, growing at a CAGR of 3.4% during the forecast period. Under cabinet lighting requires less power and therefore, it is being widely used in kitchen cabinets. The customization required by modern consumers in lighting their homes, rising consumer disposable incomes, and a rise in nuclear families will generate the demand for under cabinet lighting market. Increasing interior designing spending by urban customers from APAC and North America is driving the Under-Cabinet Lighting installations.
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The key players in the under cabinet lighting market are Signify Holding, EATON CORPORATION plc., Acuity Brands Lighting, Inc., BLACK + DECKER Inc., Cree Lighting, RDA Lighting Inc., GE Lighting, GM Lighting Inc., Hubbell Incorporated, LEDVANCE GmbH, and others. Various strategies such as joint ventures, mergers and acquisitions, new product developments, and other strategies have been adopted by the key players in the under cabinet lighting market, in order to gain competitive edge over others.
The global under cabinet lighting market is segmented on the basis of light source type, shape, installation, voltage, and end-use
Under Cabinet Lighting Market by light source type: incandescent, fluorescent, LED, Xenon
Under Cabinet Lighting Market by Shape: Light Bars, Puck Lights, Tape Lights and Others
Under Cabinet Lighting Market by Installation: Recessed, Surface Mounted
Under Cabinet Lighting Market by Voltage: Normal Line & Low Voltage
Under Cabinet Lighting Market by End User: Residential & Commercial
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LED saves energy by 75% and lasts 25 times longer as compared to other light sources such as incandescent lighting. This is driving the market demand for LED as a light source for under cabinet lighting. Various initiatives such as ‘domestic efficient lighting program’ were launched on 1st May 2015 by the government of India to introduce energy-efficient alternatives. Government rules and regulations to promote energy-efficient lighting and new product development are driving the market demand for the LED light source. Based on regions, North America dominated the under-cabinet lighting market in the year 2018, with the U.S. contributing a major share in the region.
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Premium Insights
1 Under Cabinet Lighting Market in Developed Vs. Developing Economies, 2018 vs 2023
2 Global Under Cabinet Lighting Market: Regional Life Cycle Analysis
3 Cost Analysis
4 Replacement Trends
5 Technology Growth Catalyst
Table of Content
1 Preface
2 Executive Summary
3 Market Dynamics
4 Global Under Cabinet Lighting Market, by Light Source Type
5 Global Under Cabinet Lighting Market, by Shape
6 Global Under Cabinet Lighting Market, by Installation
7 Global Under Cabinet Lighting Market, by Voltage
8 Global Under Cabinet Lighting Market, by End-use
9 Global Under Cabinet Lighting Market, by Region
10 Competitive Intelligence
11 Company Profiles
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Source: MarketersMedia
Release ID: 88921818
