Track lighting is a method of lighting where light fixtures are attached anywhere on a continuous track device which contains electrical conductors. This is as opposed to the routing of electrical wiring to individual light positions. Tracks can be mounted to ceilings or walls, lengthwise down beams, or crosswise across rafters or joists. They can also be hung with rods from especially high places like vaulted ceilings.
LPI (LP Information)’ newest research report, the “Track Lighting Industry Forecast” looks at past sales and reviews total world Track Lighting sales in 2022, providing a comprehensive analysis by region and market sector of projected Track Lighting sales for 2023 through 2029. With Track Lighting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Track Lighting industry.
This Insight Report provides a comprehensive analysis of the global Track Lighting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Track Lighting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Track Lighting market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Track Lighting and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Track Lighting.
The global Track Lighting market size is projected to grow from US$ 2089.5 million in 2022 to US$ 3578.3 million in 2029; it is expected to grow at a CAGR of 3578.3 from 2023 to 2029.
Global Track Lighting key players include Philips Lighting, Acuity Brands, Hubbell, Eglo, ITAB Group, etc. Global top five manufacturers hold a share about 20%. Asia Pacific is the largest market, with a share about 35%, followed by Europe, with a share about 25 percent. In terms of product, LED Track Lighting is the largest segment, with a share about 50%. And in terms of application, the largest application is Residential, followed by Commercial.
This report presents a comprehensive overview, market shares, and growth opportunities of Track Lighting market by product type, application, key manufacturers and key regions and countries.
Top Manufactures in Global Track Lighting Includes:
Philips Lighting
Acuity Brands
Hubbell
Eglo
ITAB
Eaton
Endo Lighting
WAC Lighting
Intense Lighting
AFX INC
Nora Lighting
AIXEN LITE
Jesco Lighting
Satco
LBL Lighting
Rayconn
Kehei Lighting
Market Segment by Type, covers:
Halogen Track Lighting
LED Track Lighting
Incandescent Track Lighting
Market Segment by Applications, can be divided into:
Residential
Commercial
Key Questions Addressed in this Report
What is the 10-year outlook for the global Track Lighting market?
What factors are driving Track Lighting market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Track Lighting market opportunities vary by end market size?
How does Track Lighting break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
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