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Hospitality lighting sector to grow at 7.13% CAGR by 2020

14/11/2016

By BIZ LED

Lighting Market in the hospitality sector report 2016-2020 focuses on the major drivers and restraints for the key players. Lighting Market in the Hospitality Sector research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.  The Lighting Market in the Hospitality Sector research report is a professional and in-depth study on the current state of Lighting Market in the Hospitality Sector Industry.

Analysts forecast the global Lighting Market in the Hospitality Sector to grow at a CAGR of 7.13%during the period 2016-2020. The Lighting Market in the Hospitality Sector research report covers the present scenario and the growth prospects of the global Lighting Market in the Hospitality Sector industry for 2016-2020.

Hospital lighting sector to grow at 7.13%  CAGR by 2020

The lighting is defined by the type of light source technologies such as incandescent, halogen, CFL, LFL, HID, LED, and OLED. The report examines only four major technologies that are predominantly used in the hospitality sector, which include CFL, LFL, HID, and LED. With the history of different lighting sources such as incandescent lighting, fluorescent lighting, LED lighting, and tungsten photonic lighting, LED lighting is the latest transition, which the industry has adopted. LED lighting devices provide several advantages such as high-intensity brightness, low voltage and current requirements, low radiated heat, high reliability, negligible ultra-violet (UV) rays, and a longer lifespan over the conventional lighting sources.

Key vendors of lighting market in the hospitality sector:

• Cree

• General Electric

• OSRAM

• Philips Lighting Holding

Lighting Market in the Hospitality Sector report provides key statistics on the market status of the Lighting Market in the Hospitality Sector manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Lighting Market in the Hospitality Sector industry.

The Lighting Market in the Hospitality Sector report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. Lighting Market in the Hospitality Sector report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.