Global Track Lighting Industry Market Report by 2026
According to the report, the Track Lighting market is expected to grow from USD 1,849 million in 2019 to USD 2,996 million by 2026, growing at a CAGR of 7.14% from 2019 to 2026.
Description:
Track Lighting market is expected to witness growth due to the recovery of the global economy and the development of emerging powers. The global Track Lighting market is estimated to be USD 1,849 million in 2019 and is expected to reach USD 2,996 million by 2026, with a CAGR of 7.14% during the forecast period.
Track lighting is a method of illumination where the luminaire is mounted anywhere in a continuous track device containing electrical conductors. This is the opposite of routing wires to individual lamps. The track can be mounted on a ceiling or wall, longitudinally down the beam, or laterally through the tweezers or joists. They can also be hung in particularly high places, such as vaulted ceilings.
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Competitive Insights
Key players in the Track Lighting market are Eaton, Juno, Lithonia Lighting, Satco, and Hubbell Lighting. Other players in the Track Lighting market are Intense Lighting, AFX INC, Nora Lighting, WAC Lighting, AIXEN LITE, Eglo, LBL Lighting, Kichler Lighting, Kendal Lighting, EnviroLite, Rayconn, Shenzhen Kehei Lighting Technology, and others.
Regional Insights
North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa are the key regional segments of the Track Lighting market. Asia-Pacific is the largest market with a proportion of 42.58% and a share of 38.41%. Due to the huge demand for energy-efficient lighting in residential and commercial areas, it is expected that the Asia-Pacific market will achieve substantial growth in the following years. Europe is the second largest market at a share of 26.83%, followed by North America, accounting for 21.95%.
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Type Insights
• Incandescent Track Lighting
• LED Track Lighting
• Halogen Track Lighting
Application Insights
• Commercial
• Residential
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Audience
• Track Lighting manufacturers
• Raw material suppliers of Track Lighting
• Distributors and resellers of Track Lighting
• Track Lighting industry associations
• Product managers, Track Lighting industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Small and Medium-sized Enterprises (SMEs)
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