|By Business Wire||
|January 21, 2014 02:40 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/572f8d/global) has announced the addition of the "Global Professional Lighting Market 2014-2018" report to their offering.
The analysts forecast the Global Professional Lighting market to grow at a CAGR of 5.91 percent over the period 2013-2018.
One of the key factors contributing to this market growth is the increasing number of professional gatherings. The Global Professional Lighting market has also been witnessing the increasing demand from new markets. However, the increasing threat of rivalry could pose a challenge to the growth of this market.
The Global Professional Lighting market is witnessing increasing demand for professional lighting from new markets, such as South-east Asia, Latin America, and Middle East. In Asia, China is currently the largest market, and South-east Asian countries such as Thailand, Indonesia, and Malaysia are expected to witness a huge demand for professional lighting during the forecast period.
Brazil is expected to witness a significant increase in demand due to higher penetration of professional lighting systems in the Office and Shop segments and the organization of the 2014 FIFA World Cup and the 2016 Summer Olympic Games in Rio de Janeiro. In addition, the UAE and Qatar are expected to drive the Professional Lighting market in the Middle East due to the expected organization of many professional seminars in Dubai, the UAE and the 2022 FIFA World Cup which is being held in Qatar. Thus, the increased demand from new markets is expected to drive the Global Professional Lighting market during the forecast period.
Further, the report states that the increasing threat of rivalry is one of the key challenges and the market is highly fragmented. Moreover, there are only a few pure-play players in the market that offer the entire lighting solution package to vendors. Increasing competition from local players as well as Chinese vendors is a major challenge for global vendors.
The key vendors dominating this market space are:
- General Electric Co.
- Koninklijke Philips Electronics N.V.
- OSRAM Sylvania Inc.
- Panasonic Corp.
- Zumtobel Lighting GmbH.
Other vendors mentioned in the report are:
- Bridgelux Inc.
- Cree Inc.
- Lemnis Lighting B.V.
- Luminus Devices Inc.
- Luxim Corp.
- Nichia Corp.
- Samsung Electronics Co. Ltd.
- SemiLEDs Corp.
- Seoul Semiconductor Co. Ltd.
- Universal Display Corp.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Product Life Cycle Analysis
08. Market Segmentation by Technology
09. Market Segmentation by Product
10. Geographical Segmentation
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/572f8d/global