The global LED Trunking market accounted to US$ 5.33 Bn in 2018 and is expected to grow at a CAGR of 5.9% during the forecast period 2019 – 2027, to account to US$ 8.86 Bn by 2027.
Geographically, the LED trunking market is segmented into North America, APAC, Europe, and RoW regions. Asia Pacific leads the LED Trunking market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years. The use of linear fluorescent trunking systems is one of the efficient solutions, providing good financial returns in the future. The florescent trunking systems deliver high ROI when these are used in place of high bay lighting. Owing to the fact of better quality standards and reducing the price of the LEDs, it might be considered as an expensive lighting alternative product to traditional lighting systems.
North America is the second largest market in the LED Trunking market. Apart from Asia Pacific and North America, Europe remains at the third largest geographic segment, as with the support of the government in funding in Asian countries, the LED Trunking market in APAC is progressing. Moreover, Different initiatives are undertaken between the players or research laboratories to fulfill the demand of LED lighting in the commercial applications. For instance, Department of Energy's Oak Ridge National Laboratory developed a technology which improves the life span of light-emitting diode lamps. Such initiatives would help the LED lighting manufacturers to introduce new products in the LED Trunking market.
Lucrative Regional LED Trunking Markets
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Market Insights
Abundant production LEDs due to its attractive characteristics
The adoption of LED lights is multiplying and is successfully transforming the definition along with the scope of lighting technology. The LED bulbs/lamps are highly durable, lowers environmental damage while slashing the costs with a longer lifespan of LEDs. Over time, now the LED lights have a positive impact on multiple industries, large spaces, parking lots, and others. Also, the stringent rules proposed by the government and regulatory bodies of the US, Canada, and the European Union on using less efficient lighting, has paved the growth path of LED light. These factors are expected to influence the growth of LED trunking market..
Broader scope for connected LED lighting and trunking system
In this era of modernization, the use of smart devices and IoT technology has been raising for real-time accessibility, effectiveness, control, and easy managing. The manufacturers of LED trunking present in the market are taking initiatives to integrate their system with IoT. These connected LED trunking systems offers a new level of scalability, which helps in achieving light effects as per the need and also combines different IoT technologies into a single system. This trend is anticipated to provide prosperous opportunities to the market to grow in the region; thus, positively impacting the LED Trunking market.
Type Insights
The global LED Trunking market by type is segmented into narrow distribution and wide distribution. Wide distribution segment dominates the LED Trunking market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. In the wide distribution, it finds its broader applications in providing illumination to the larger spaces including open retail, open plan offices, and industrial facilities for production.
Application Insights
The LED Trunking market by application is further segmented into commercial, industrial, warehouse, and other. Commercial dominates the LED trunking market and is expected to continue its dominance throughout the forecast period from 2019 – 2027. The interiors of commercial spaces are equipped with lighting systems that are in line with the energy codes and illuminance criteria along with providing adaptability, flexibility, and compatibility with digital control and connectivity. The LED trunking systems provide a sophisticated appearance to the commercial buildings with linear consistence.
Asia Pacific LED Trunking Market by Application
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LED Trunking Market: Strategic Insights
Market Size Value in US$ 5.33 Billion in 2018 Market Size Value by US$ 8.86 Billion by 2027 Growth rate CAGR of 5.9% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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LED Trunking Market: Strategic Insights
| Market Size Value in | US$ 5.33 Billion in 2018 |
| Market Size Value by | US$ 8.86 Billion by 2027 |
| Growth rate | CAGR of 5.9% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Some of the market Initiatives were observed to be most adopted strategy in the global LED Trunking market. Few of the recent market initiatives are listed below:
2018:Zumtobel Group opened new plant in Niš, Serbia. The site consists of two production areas: Production Area 1 for components (Tridonic) and Production Area 2 for luminaires with a total investment volume of EUR 30 million on a surface of 40,000 square metres.
2018:LED Linear GmbH unveiled a new tape family LUMINARIS. The LUMINARIS tape is the perfect LED product for applications where cost savings are required without sacrificing light quality.
2017:Zumtobel Group launched new Zumtobel Group Services business unit. Through this brand, the lighting group is offering a wide range of services – not only providing light contracting, design services, and consultation on intelligent lighting controls and emergency lighting systems, but also meeting the growing demand for project management of turnkey lighting solutions from a single source.
2017:Philips Lighting launched new LED trunking system for retail and industrial spaces. This connected-ready system support to create buildings future-proof by delivering high quality LED lighting combined with the liberty to adjust light effects and to scale the system with supplementary Internet of Things technologies.
GLOBAL LED TRUNKING MARKET SEGMENTATION
Global LED Trunking Market – By Type
- Narrow Distribution
- Wide Distribution
Global LED Trunking Market - By Application
- Commercial
- Industrial
- Warehouse
- Others
Global LED Trunking Market - By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia Pacific (APAC)
- South Korea
- China
- India
- Japan
- Australia
- Rest of APAC
Rest of the World (RoW)
- Africa
- Middle East
- South & Central America
Global LED Trunking Market - Company Profiles
Global LED Trunking Market - Company Profiles
- Aesthetics Lighting Solutions Ltd.
- AGC Lighting Co., Ltd.
- BERGSTROM LIGHTING
- LED Linear GmbH
- OSRAM Licht AG
- Shenzhen FusionBrite Technology Co. Ltd.
- Shenzhen Hitoplux Optoelectronic Co., Ltd.
- Signify Holding (Philips Lighting)
- TRILUX GMBH & CO. KG
- Zumtobel Group
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
1. INTRODUCTION
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market segmentation
1.3.1 Global LED Trunking Market – By Type
1.3.2 Global LED Trunking Market – By Application
1.3.3 Global LED Trunking Market – By Geography
2. Key takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. LED TRUNKING MARKET LANDSCAPE
4.1 Market Overview
4.2 ECOSYSTEM ANALYSIS
4.3 pest analysis
4.3.1 North America – PEST Analysis
4.3.2 Europe – PEST Analysis
4.3.3 Asia Pacific – PEST Analysis
4.3.4 Rest of the World – PEST Analysis
5. LED Trunking MArket– key industry dynamics
5.1 key market drivers
5.1.1 Increasing proliferation of LED
5.1.2 Growth in the Need to Replace Traditional Lighting Systems
5.2 Key market restraints
5.2.1 High capital expenditure value
5.3 key market opportunities
5.3.1 Rise in the LED Trunking Retrofit Business
5.4 Future trends
5.4.1 Connected LED Trunking is Emerging as a Future-proof Solution for Industrial Spaces
5.5 impact analysis of Drivers and restraints
6. LED Trunking market – Global analysis
6.1 Overview
6.2 Global LED Trunking Market REVENUE AND FORECASTS TO 2027 (US$ Mn)
7. LED TRUNKING MARKET REVENUE AND FORECASTS TO 2027 – Type
7.1 Overview
7.2 LED TRUNKING MARKET BREAKDOWN, By Type, 2018 & 2027
7.3 Narrow Distribution
7.3.1 Overview
7.3.2 Narrow Distribution Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Wide Distribution
7.4.1 Overview
7.4.2 Wide Distribution Market Revenue and Forecasts to 2027 (US$ Mn)
8. LED TRUNKING MARKET REVENUE AND FORECASTS TO 2027 – Application
8.1 Overview
8.2 LED TRUNKING MARKET BREAKDOWN, By Application, 2018 & 2027
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial Revenue and Forecasts to 2027 (US$ Mn)
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Warehouse Market
8.5.1 Overview
8.5.2 Warehouse Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. LED Trunking market – Geographical Analysis
9.1 Overview
9.2 North America LED Trunking Market Revenue and Forecasts to 2027
9.2.1 North America LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.2.3 North America LED Trunking Market Breakdown by Application
9.2.4 North America LED Trunking Market Breakdown, by Key Countries
9.2.4.1 U.S. LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
9.2.4.1.1 U.S LED Trunking Market Breakdown by Type
9.2.4.1.2 U.S. LED Trunking Market Breakdown by Application
9.2.4.2 Canada LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
9.2.4.2.1 Canada LED Trunking Market Breakdown by Type
9.2.4.2.2 Canada LED Trunking Market Breakdown by Application
9.2.4.3 Mexico LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.2.4.3.1 Mexico LED Trunking Market Breakdown by Type
9.2.4.3.2 Mexico LED Trunking Market Breakdown by Application
9.3 europe LED Trunking Market Revenue and Forecasts to 2027
9.3.1 Europe LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.2 Europe LED Trunking Market Breakdown by Type
9.3.3 Europe LED Trunking Market Breakdown by Application
9.3.4 Europe LED Trunking Market Breakdown, by Key Countries
9.3.4.1 France LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
9.3.4.1.1 France LED Trunking Market Breakdown by Type
9.3.4.1.2 France LED Trunking Market Breakdown by Application
9.3.4.2 Germany LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
9.3.4.2.1 Germany LED Trunking Market Breakdown by Type
9.3.4.2.2 Germany LED Trunking Market Breakdown by Application
9.3.4.3 Italy LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.4.3.1 Italy LED Trunking Market Breakdown by Type
9.3.4.3.2 Italy LED Trunking Market Breakdown by Application
9.3.4.4 Spain LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.4.4.1 Spain LED Trunking Market Breakdown by Type
9.3.4.4.2 Spain LED Trunking Market Breakdown by Application
9.3.4.5 UK LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.4.5.1 UK LED Trunking Market Breakdown by Type
9.3.4.5.2 UK LED Trunking Market Breakdown by Application
9.3.4.6 Rest of Europe LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.3.4.6.1 Rest of Europe LED Trunking Market Breakdown by Type
9.3.4.6.2 Rest of Europe LED Trunking Market Breakdown by Application
9.4 APAC LED Trunking Market Revenue and Forecasts to 2027
9.4.1 APAC LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.2 APAC LED Trunking Market Breakdown by Type
9.4.3 APAC LED Trunking Market Breakdown by Application
9.4.4 APAC LED Trunking Market Breakdown, by Key Countries
9.4.4.1 China LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
9.4.4.1.1 China LED Trunking Market Breakdown by Type
9.4.4.1.2 China LED Trunking Market Breakdown by Application
9.4.4.2 India LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.4.2.1 India LED Trunking Market Breakdown by Type
9.4.4.2.2 India LED Trunking Market Breakdown by Application
9.4.4.3 Japan LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.4.3.1 Japan LED Trunking Market Breakdown by Type
9.4.4.3.2 Japan LED Trunking Market Breakdown by Application
9.4.4.4 Australia LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.4.4.1 Australia LED Trunking Market Breakdown by Type
9.4.4.4.2 Australia LED Trunking Market Breakdown by Application
9.4.4.5 South Korea LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.4.5.1 South Korea LED Trunking Market Breakdown by Type
9.4.4.5.2 South Korea LED Trunking Market Breakdown by Application
9.4.4.6 Rest of APAC LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.4.4.6.1 Rest of APAC LED Trunking Market Breakdown by Type
9.4.4.6.2 Rest of APAC LED Trunking Market Breakdown by Application
9.5 Rest of the World LED Trunking Market Revenue and Forecasts to 2027
9.5.1 Rest of the World LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
9.5.2 Rest of the World LED Trunking Market Breakdown by Type
9.5.3 Rest of the World LED Trunking Market Breakdown by Application
9.5.4 Rest of the World LED Trunking Market Breakdown, by Key Countries
9.5.4.1 Africa LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
9.5.4.1.1 Africa LED Trunking Market Breakdown by Type
9.5.4.1.2 Africa LED Trunking Market Breakdown by Application
9.5.4.2 Middle East LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
9.5.4.2.1 Middle East LED Trunking Market Breakdown by Type
9.5.4.2.2 Middle East LED Trunking Market Breakdown by Application
9.5.4.3 South & Central America LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
9.5.4.3.1 South & Central America LED Trunking Market Breakdown by Type
9.5.4.3.2 South & Central America LED Trunking Market Breakdown by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Development
11. Competitive Landscape
11.1 Competitive Product Mapping
11.2 Market Positioning – Global Top 5 Players Ranking
12. COMPANY PROFILES
12.1 Aesthetics Lighting Solutions Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 AGC Lighting Co., Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 BERGSTROM LIGHTING
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.4 LED Linear GmbH
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 OSRAM licht ag
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 Shenzhen FusionBrite Technology Co. Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 Shenzhen Hitoplux Optoelectronic Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 Signify Holding (Philips Lighting)
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 TRILUX GMBH & CO. KG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 Zumtobel Group AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
list of tables
TABLE 1. Global LED Trunking Market REVENUE AND FORECASTS TO 2027 (US$ Mn)
TABLE 2. North America LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 3. North America LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 4. U.S. LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 5. U.S. LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 6. Canada LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 7. Canada LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 8. Mexico LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 9. Mexico LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 10. Europe LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 11. Europe LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 12. France LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 13. france LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 14. Germany LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 15. Germany LED Trunking Market Revenue and Forecasts to 2027 –By Application (US$ Mn)
TABLE 16. Italy LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 17. Italy LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 18. spain LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 19. Spain LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 20. UK LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 21. UK LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 22. rest of europe LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 23. Rest of Europe LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 24. APAC LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 25. APAC LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 26. China LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 27. China LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 28. India LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 29. India LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 30. Japan LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 31. Japan LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 32. Australia LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 33. Australia LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 34. South Korea LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 35. South Korea LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 36. rest of APAC LED Trunking Market Revenue and Forecasts to 2027 –By Type (US$ Mn)
TABLE 37. Rest of APAC LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 38. Rest of the World LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 39. Rest of the World LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 40. Africa LED Trunking Market Revenue and Forecasts to 2027 –By Type (US$ Mn)
TABLE 41. Africa LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 42. Middle East LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 43. Middle East LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 44. South & Central America LED Trunking Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 45. South & Central America LED Trunking Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
TABLE 46. GLOSSARY OF TERM: LED TRUNKING MARKET
list of figures
FIGURE 1. LED Trunking segmentation
FIGURE 2. LED Trunking segmentation - geography
FIGURE 3. Global LED Trunking Market, by revenue, 2018 - 2027, uS$ Mn
FIGURE 4. LED Trunking Market – By Application, 2018 & 2027, (%)
FIGURE 5. ECOSYSTEM ANALYSIS, LED Trunking Market
FIGURE 6. north america – pest analysis
FIGURE 7. europe – pest analysis
FIGURE 8. asia pacific – pest analysis
FIGURE 9. Rest of the World – pest analysis
FIGURE 10. LED Trunking Market Impact Analysis of Driver and Restraints
FIGURE 11. Global LED Trunking Market
FIGURE 12. Global LED Trunking Market REVENUE AND FORECASTS TO 2027 (US$ Mn)
FIGURE 13. LED TRUNKING MARKET BREAKDOWN, By Type, 2018 & 2027 (%)
FIGURE 14. Global Narrow Distribution market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 15. Global Wide Distribution Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 16. LED TRUNKING MARKET BREAKDOWN, By Application, 2018 & 2027 (%)
FIGURE 17. Commercial Revenue and Forecasts to 2027 (US$ mn)
FIGURE 18. Industrial Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 19. Warehouse Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 20. Global Others Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 21. LED Trunking Market, Global Breakdown by Regions, 2018 & 2027 (%)
FIGURE 22. North America LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 23. North America LED Trunking Market Breakdown by Type, 2018 & 2027 (%)
FIGURE 24. North America LED Trunking Market Breakdown by Application, 2018 & 2027 (%)
FIGURE 25. North America LED Trunking Market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 26. U.S. LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 27. Canada LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 28. Mexico LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 29. Europe LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 30. Europe LED Trunking Market Breakdown by Type, 2018 & 2027 (%)
FIGURE 31. Europe LED Trunking Market Breakdown by Application, 2018 & 2027 (%)
FIGURE 32. Europe LED Trunking Market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 33. France LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 34. germany LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 35. Italy LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 36. spain LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 37. UK LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 38. rest of europe LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 39. APAC LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 40. APAC LED Trunking Market Breakdown by Type, 2018 & 2027 (%)
FIGURE 41. APAC LED Trunking Market Breakdown by Application, 2018 & 2027 (%)
FIGURE 42. APAC LED Trunking Market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 43. China LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 44. India LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 45. Japan LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 46. Australia LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 47. South Korea LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 48. rest of APAC LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 49. Rest of the World LED Trunking Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 50. Rest of the World LED Trunking Market Breakdown by Type, 2018 & 2027 (%)
FIGURE 51. Rest of the World LED Trunking Market Breakdown by Application, 2018 & 2027 (%)
FIGURE 52. Rest of the World LED Trunking Market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 53. Africa LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 54. Middle East LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
FIGURE 55. South & Central America LED Trunking Market Revenue and Forecasts to 2027 (US$ MN)
The List of Companies
- Aesthetics Lighting Solutions Ltd.
- AGC Lighting Co., Ltd.
- Bergstrom Lighting
- LED Linear GmbH
- OSRAM Licht AG
- Shenzhen FusionBrite Technology Co. Ltd.
- Shenzhen Hitoplux Optoelectronic Co., Ltd.
- Signify Holding (Philips Lighting)
- TRILUX GMBH & CO. KG
- Zumtobel Group AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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