Reportstack has announced a new market research publication on Global Professional Lighting Market 2014-2018. The following companies are the key players in the Global Professional Lighting Market: General Electric Co., Koninklijke Philips Electronics N.V., OSRAM Sylvania Inc., Panasonic Corp., and Zumtobel Lighting GmbH. "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.”
According to the report, the Global Professional Lighting market is driven by many growth factors, one of which is the increasing number of professional events, such as seminars, summits, and exhibitions etc. Professional lighting is used in these events to create the appropriate ambience. 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 study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/148238/global-professional-lighting-market-2014-2018.html.