Allied Market Research

2024

Sunken Lights Market

Sunken Lights Market Size, Share, Competitive Landscape and Trend Analysis Report by Product (Halogen Light, LED Light, Others), by Size (3 inch, 5 inch, 6 inch) by Application (Commercial, Residential) by Distribution channel (Supermarket and hypermarket, Convenience stores, Specialty stores, Online stores) : Global Opportunity Analysis and Industry Forecast, 2022-2032

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Author's: | Roshan Deshmukh
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Sunken light is a type of ceiling light fixture that provides a sleek and space-saving lighting solution. It consists of housing, trim, and bulb; together they offer versatility for ambient, accent, or task lighting with adjustable illumination. Their unobtrusive design enhances the aesthetic appeal of a space. However, proper installation is essential to avoid safety hazards or ceiling damage.
The sunken lights market is experiencing growth due to the popularity of LED lights that offer reliability, durability, and efficiency. LED lights come in various sizes and types, making them suitable for diverse commercial and industrial applications. 
The low energy consumption and maintenance costs of sunken lights make them the preferred choice for business houses. There is an increase in demand for aesthetically pleasing lights in the real estate industry . These lights play a vital role in the expansion of the market for sunken lights. The increase in need for flexible lighting solutions also contributes toward the market growth, as sunken lights can be used for various general and task lighting purposes. These factors are expected to drive the growth of the market, and the sunken lights industry is poised to experience significant expansion in the coming years.
The expensive LED lighting systems, and lack of consumer awareness about LED technology can hinder market growth. Track or pendant lighting might compete with sunken lighting, which is preferred for certain applications or design preferences. Lastly, the availability and cost of raw materials used in LED lighting production may also impact the market growth. Supply chain disruptions or price fluctuations in raw materials could lead to increased production costs, which may affect the pricing and availability of LED sunken lights. These factors highlight the importance of addressing cost and awareness barriers to drive the growth of the sunken lights market.
Developments real estate industries in emerging economies, there is a significant opportunity for the sunken light market. For example, the Indian government's Smart Cities Mission aims to develop 100 smart cities across the country. This initiative presents an opportunity for sunken light manufacturers to provide their products to new markets in India and potentially expand their business operations. Similarly, as China continues to rapidly urbanize, there is a growing demand for modern and energy-efficient lighting solutions in both commercial and residential buildings. 
Additionally, new product development is also a key opportunity for the sunken light market. For example, as the demand for smart home technology continues to grow, manufacturers may consider developing sunken lights that can be controlled through smart devices, such as smartphones or virtual assistants. This would allow for greater convenience and customization for consumers. Increased online presence and marketing efforts are also important opportunities for the sunken light market. For instance, online marketplaces like Amazon and Alibaba provide an excellent platform for manufacturers to reach a wider audience and increase their brand visibility. By leveraging social media and online advertising, manufacturers can also effectively target their desired audience and drive sales.
Key developments and launches in the sunken lights market
In February 2022, Samsung Electronics launched a new micro-LED display. It features 25 million micrometer-sized light-emitting diodes that individually produce color and light for best-in-class picture quality. The micro LED is available in three sizes - 89", 101", and 110" - and boasts a 99.99% screen-to-body ratio, offering extreme performance and an immersive design. The launch was showcased at CES 2022, and the micro LED is expected to provide incredibly vibrant colors, impressive depth, and heightened contrast and clarity.
Segment overview:
By Product: The LED light segment dominates the market due to its energy efficiency, longer lifespan, and versatility in color temperature and dimming options. The increasing awareness about energy conservation and sustainable lighting solutions in both residential and commercial settings is driving the demand for LED sunken lights. On the other hand, halogen lights are still relevant in some applications due to their lower cost and compatibility with dimming systems. The "others" segment, however, is gradually losing market share due to its lower energy efficiency and shorter lifespans.
By Size: The sunken lights market is segmented into 3 inches, 5 inches, and 6 inches. Because of its popularity in both residential and commercial applications, the 5-inch segment is expected to dominate the market due to its popularity in both residential and commercial applications. The 6-inch segment is expected to experience steady growth due to its use in larger commercial settings, such as retail stores or office buildings, while the 3-inch segment is expected to have a smaller market share but will still have a presence in smaller spaces or for accent lighting purposes.
By Application: The sunken lights market is segmented into commercial and residential. The commercial segment is expected to dominate the sunken lights market due to the growing demand for sustainable lighting solutions in commercial settings. Sunken lights are commonly used in retail stores, restaurants, offices, and hotels for general lighting or accent lighting purposes. Additionally, the increasing popularity of LED technology and smart lighting systems is expected to further drive the growth of this segment. The residential segment is expected to experience steady growth as more homeowners opt for sunken lights as a sleek and modern lighting option. Sunken lights are commonly used in bedrooms, living rooms, kitchens, and bathrooms for ambient lighting or task lighting purposes. 
By Distribution channel: The sunken lights market is segmented into supermarkets and hypermarkets, convenience stores, specialty stores, and online stores. Online stores are expected to dominate the market due to the convenience and ease of online shopping. Supermarket and hypermarket stores are expected to have a significant market share due to the availability of sunken lights for residential applications, while specialty stores are expected to continue to have a significant market share due to the availability of expert advice and a wide selection of sunken lights for both residential and commercial applications.
Based on region: The sunken lights market is divided into four regions: North America, Europe, Asia-Pacific, and Latin America. The Asia-Pacific region is currently experiencing the most rapid growth in the sunken lights market due to the extensive infrastructure development in emerging economies such as China and India. Regional governments in the Asia-Pacific region are implementing strict regulations and legislation on energy efficiency, further driving the growth of the sunken lighting market in this region. The initiatives such as Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) and Integrated Power Development Scheme (IPDS) by the Indian government have already been implemented, and India is expected to become the first country in the world to use LEDs for all lighting needs annually, significantly aiding the growth of the sunken lighting market. The rapid urbanization and changing lifestyles of people in the Asia-Pacific region have also led to increased adoption of sunken lighting in the building and construction industries, with LED lights' compatible size and aesthetic look appealing to consumers with high standards.
Competitive analysis and profiles of the major players in the sunken lights market are as follows: Acuity Brands, Inc.; Bridgelux, Inc.; Cree, Inc.; Energy Focus, Inc.; General Electric Company; OSRAM Licht AG; Phillips Lighting Holding B.V.; TCP International Holdings Ltd.; Thorn Lighting; and Toyoda Gosei Co., Ltd.

Sunken Lights Market Report Highlights

Aspects Details
Sunken Lights Market By Product
By Product
  • Halogen Light
  • LED Light
  • Others
Sunken Lights Market By Size
By Size
  • 3 inch
  • 5 inch
  • 6 inch
Sunken Lights Market By Application
By Application
  • Commercial
  • Residential
Sunken Lights Market By Distribution channel
By Distribution channel
  • Supermarket and hypermarket
  • Convenience stores
  • Specialty stores
  • Online stores
Sunken Lights Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

Cree, Inc., Energy Focus, Inc., Toyoda Gosei Co., Ltd,, Phillips lightning Holding B.V., General Electric Company, Bridgelux, Inc, TCP International Holdings Ltd, Thorn Lighting, OSRAM Licht AG, Acuity Brands, Inc

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Sunken Lights Market

Global Opportunity Analysis and Industry Forecast, 2022-2032