OFFICE LED LIGHTING MARKET REPORT

INTRODUCTION

The right office lighting can mean the difference between a crew that is drowsy and a staff that is energised at work. Office lighting is about more than just seeing the documents on desk. As a result, in order to be successful, commercial lighting fixtures for offices need to adhere to particular standards.

There are several things to take into account when choosing office lighting, from task illumination that is effective to energy efficiency that reduces utility expenses.

In the range of twenty five thousand and ten thousand hours, LED office lights have a remarkable longevity. LED lights maintain their exceptional output quality for the duration of their life, in contrast to fluorescent bulbs. Their extended lifespan is partially due to the fact that they operate at lower temperatures, making them less susceptible to breaking from overheating.

The wattage of LED bulbs is the least, but their lumen output is the highest. LEDs offer an excellent return on investment despite having a greater initial cost than the other two options because of their longer lifespan and lower energy consumption. LEDs are available in a variety of lighting designs that are ideal for workplace lighting, including tubes, bulbs, rope lighting, and more.

Office lighting fixtures with linear suspended LEDs emit a wonderful diffused light that is comfortable for the eyes and has a large light output. There are many various styles available for this kind of architectural lighting fixture, all of which are simple to install and maintain.

OFFICE LED LIGHTING MARKET SIZE AND FORECAST

The Global Office LED lighting market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

OFFICE LED LIGHTING MARKETNEW PRODUCT LAUNCH

The launch of the Syska LED Recessed SMD Downlight has been announced by SYSKA LED, a significant supplier of LED lighting solutions.

According to Syska, the unique Syska LED Recessed SMD Downlight is the ideal lighting solution for indoor applications because it can be utilised in offices, homes, showrooms, and even retail establishments like malls. The major part of the light is built of aluminium and thermoplastic, which helps to make it lightweight and effectively dissipate heat.

The cutting-edge Syska LED Recessed SMD Downlight is the ideal lighting solution for interior applications, as it can be used in shopping centres, retail establishments, residences, showrooms, and office buildings. The major part of the light is built of aluminium and thermoplastic, which helps to make it lightweight and effectively dissipate heat.

In addition to offering the brightest illumination, the Syska light is also incredibly simple to install in any indoor space. Three, six, nine, twelve, and fifteen watt Syska LED Recessed SMD Downlights are available.  The input voltage range is AC90-300V, 50Hz, and the lumens are 210 lm, 420 lm, 630 lm, 840 lm, and 1050 lm, respectively.

"At Syska, they think that there is always an opportunity to magnify the lifestyle of their consumers, and they deliver on the promise by providing technology-led goods that cater to the needs of their pan-India consumer base," stated the director of Syska Group.

As it is crucial for the transition to lighting solutions that save energy while improving standard of living, they are dedicated to developing a comprehensive selection of environmentally friendly and energy-efficient lights. The newest technology has been used while keeping sustainability and aesthetics in mind.

OFFICE LED LIGHTING MARKETRECENT PARTNERSHIPS

The global Office LED lighting market is seeing significant growth over the last few years due to the increasing demand for energy-efficient lighting solutions.

This growth is driven by rising awareness about the benefits of LED lighting across the globe, government incentives, and technological advancements. Furthermore, the growing demand for green buildings and smart lighting technologies is expected to fuel the growth of the market.

To capitalize on the growing market opportunities, several lighting manufacturers are entering into partnerships and acquisitions.

These strategic alliances are aimed at expanding the product and service portfolio, enhancing their market position, and gaining access to new technologies. Some of the recent partnership acquisitions in the Office LED lighting market include:

Signify, a leading lighting manufacturer, recently acquired Cooper Lighting Solutions, a US-based LED solutions provider. This acquisition was aimed at expanding Signify’s presence in the North American market.

Schneider Electric, a global leader in energy management, acquired General Electric’s LED lighting business. This acquisition was aimed at strengthening Schneider’s position in the office lighting market.

Cree, a leading LED lighting solutions provider, acquired Ruud Lighting, a US-based provider of LED lighting solutions. This acquisition was aimed at expanding Cree’s presence in the commercial lighting market.

Eaton, a global power management company, acquired Lumark, a US-based provider of LED lighting solutions. This acquisition was aimed at strengthening Eaton’s presence in the commercial lighting market.

The Zumtobel Group, an Austrian-based lighting manufacturer, acquired Luxonic Lighting, a UK-based provider of LED lighting solutions. This acquisition was aimed at expanding the group’s presence in the European market.

Osram, a leading lighting manufacturer, acquired Digital Lumens, a US-based provider of intelligent lighting solutions. This acquisition was aimed at expanding Osram’s presence in the intelligent lighting market.

Acuity Brands Lighting, a US-based provider of lighting solutions, acquired Pinnacle Lighting Group, a UK-based provider of LED lighting solutions. This acquisition was aimed at expanding Acuity’s presence in the European market.

These acquisitions are expected to help the lighting companies to increase their market share, expand their product and service portfolio, and gain access to new technologies. Moreover, these acquisitions will help the companies to gain competitive advantage in the Office LED lighting market

OFFICE LED LIGHTING MARKETCOMPANY PROFILE

• Havells India
• Magik Lighting
• Syska
• Crescent Lighting
• ERCO

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS OFOFFICE LED LIGHTING MARKET

1. How many Office LED Lightings are manufactured per annum globally? Who are the sub-component suppliers in different regions?

2. Cost breakup of a  Global Office LED Lighting and key vendor selection criteria

3. Where is the Office LED Lighting manufactured? What is the average margin per unit?

4. Market share of Global Office LED Lighting market  manufacturers and their upcoming products

5. Cost advantage for OEMs who manufacture Global Office LED Lighting in-house

6. 5 key predictions for next 5 years in Global Office LED Lighting market

7. Average B-2-B Office LED Lighting market price in all segments

8. Latest trends in Office LED Lighting market, by every market segment

9. The market size (both volume and value) of the Office LED Lighting market in 2024-2030 and every year in between?

10. Production breakup of Office LED Lighting market, by suppliers and their OEM relationship