ICT & Electronics Global Ceiling Lights Market | Page 3

demand for ceiling lights. Moreover, innovation and development of OLED
lighting technology is also anticipated to garner the growth of the ceiling
lights market.
Rapid Growth in Real Estate Sector
Global real estate market has witnessed high growth in recent times owing
to the rising demand for housing and office spaces. Further, real estate
sector is expected to expand during the forecast period. This factor is
expected to boost the growth of ceiling lights market in the upcoming years.
Apart from this, increasing popularity and rising spending on new
generation ceiling lights by residential individuals is expected to foster the
growth of ceiling lights market. Although, high cost of LED ceiling lights
and lack of awareness in undeveloped regions are some of the factors that
are likely to inhibit the growth of the global ceiling lights market in the near
future.
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The report titled “Ceiling Lights Market: Global Demand Analysis &
Opportunity Outlook 2023” delivers detailed overview of the global
ceiling lights market in terms of market segmentation by technology, by
installation, by end user and by region. Further, for the in-depth analysis,
the report encompasses the industry growth drivers, restraints, supply and
demand risk, market attractiveness, BPS analysis and Porter’s five force
model.
This report also provides the existing competitive scenario of some of the
key players of the global ceiling lights market which includes company
profiling of Koninklijke Philips N.V., LEDVANCE GmbH, Havells India
Ltd., Wipro Lighting, SYSKA Led Lights, Jaguar Lighting, Lumens Light
and Living,
CHELSOM Ltd, Surya Roshini, Ligman Lighting Inc. The
profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news
and developments. On the whole, the report depicts detailed overview of
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