Film industries such as Bollywood and Hollywood is a major contributor for market growth. In addition, the film industry hosts a number of award shows and events that use directional luminaire, which further promotes growth. As a result, directional luminaire market is set to witness a CAGR of 6.9% during 2021-2031.
Rising adoption of lighting solutions for special purposes and the need for enhanced luminaire across entertainment, medical, and other major industries are leading market growth. Moreover, UV lamps are estimated to be a major growth driver for surface, air and water.
In addition, global events such as music concerts and the emerging entertainment industry are increasing the demand for directional luminaire solutions. Further, technological advances in IoT and smart lighting solutions are also expected to contribute to market growth. For instance, the smart light connected via an app is widely used in clubs and at events.
The COVID-19 pandemic has slowed down the market growth due to lockdowns and curfews worldwide. However, the demand for medical lighting was increasing due to the construction of temporary hospitals and the demand for surgical and diagnostic facilities.
Many countries around the world were surpassing the number of hospital beds that needed to be stopped with the construction of new isolation and treatment wards and the procurement of more medical equipment and lighting which increased the demand for directional luminaire.
The introduction of LED bulbs over halogen and incandescent bulbs has boosted the market growth due to less heating, cost saving features and longer life of LED lights. Further, the LED lights capture every aspect of lighting including smart specialty, architectural lighting and decorative lighting. They are more versatile and convenient to have a variety of fixture designs that create colours and patterns.
The demand for LED in directional luminaire is increasing due to its advantage in creating lightweight fixtures. Long shelf life is another major factor in the adoption of LED directional luminaire. Halogen and incandescent lights are prone to breakage and combine with prolonged use, while LED lights do not break due to the small glass frame fitted inside the fixture. In addition, they consume less energy than conventional lights. These factors drive the market for LED directional luminaire.
Directional Luminaire market holds the largest share in North America and is expected to lead the market in the forecast period. The reason for this growth is the presence of major lighting companies providing services to various sectors such as gardening, recreation, water purification, medicine, port and aquarium.
In addition, the rapidly growing end-use industries in the region, such as entertainment, are also increasing demand for the product. Moreover, strong health care system in the US and Canada contributes to the growing demand for surgical and test lighting.
Further, North America is famous for hosting major music festivals such as the Bonnaroo, Lollapalooza, Bumbershoot and the Electric Zoo Festival. Participation in music festivals and the rise of urbanization have driven the use of directional luminaire in entertainment lighting.
The demand for toothbrush sanitizer in the European market is estimated to grow significantly in the upcoming years due to rising usage of directional luminaire across several industries. Also, rising demand from the televisions series production entities, operas sets, and the film industry is contributing to the market growth.
Some of the leading manufacturers of directional luminaire market include
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Directional Luminaire Market
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