Overview
Troffer Market is forecast to
reach $9.47 billion by 2025, after growing at a CAGR of 6.20% during 2020-2025.
The global demand for troffers is rising due to the rise in the adoption of troffers by lighting
designers, architects, specifiers and engineers for new construction. Troffer
lighting is now mainly being used in LED which is a major growth factor for the troffer industry during the forecast period.
Report Coverage
The report: “Troffer Market – Forecast (2020-2025)”, by IndustryARC, covers an
in-depth analysis of the following segments of the Troffer Market.
Key Takeaways
- LEDs are highly efficient, reliable, and they yield longer life span, which is anticipated to boost their application in both indoor and outdoor settings.
- According to the U.S. Department of Energy (USDA), the majority of troffer retrofit kits has an initial lumen output between 3,500 and 5,400 lumens. This is comparable to the lumen output range of louvered troffers with two or three standard-output T8 fluorescent lamps operating on a normal ballast factor ballast.
- Governments are offering incentives and rebates on replacement of traditional lamps with LED troffer products, this enables to improve the adoption of LED products worldwide.
- In European countries, the price of LED lamps is anticipated to compete with compact florescent lamps by 2018, which shall further speed up the shift from CFLs to light-emitting diodes.
By Type - Segment Analysis
The polymer type segment held a
significant share in the troffer market in 2019. Glass and transparent
plastics, especially acrylic resins, have long been used in the lighting
industry for various aesthetic and functional purposes in optics design. Luminous
LED troffers are made with a lightweight, shatter-resistant ABS plastic frame molded
with fire retardant material with an anti-UV coating to prevent yellowing. This
lightweight frame makes the fixture lighter, easier to install, less expensive
to ship, and less likely to get damaged. Troffers made from polymer types like
ABS makes them lightweight and durable.
By End-User - Segment Analysis
The commercial segment held a
significant share in the troffer market in 2019. The 1x4 parabolic troffer
fixture provides low glare, light cut-off, and visual comfort for all
commercial buildings requiring general illumination in a recessed ceiling
configuration. According to U.S. Department of Energy, a vast majority of
lighting in U.S. commercial buildings is provided by fluorescent troffer
ceiling fixtures. More than 360 million troffers provide general lighting in
commercial buildings, according to the U.S. Department of Energy (DOE). Lighting
troffers are recessed ceiling fixtures that commonly use lower efficiency
fluorescent technology. With the use of troffer lights in commercial purposes
like hospitals, schools, airport lounges, indoor spaces, and others, the energy
consumption will be less and overall lighting performance increases.
Geography - Segment Analysis
Asia-Pacific dominated
the troffer market with a share of more than 41.5% during the forecast period. The
high demand is mainly attributed by the modernization of hospitals in developed
regions like China and Japan. China has implemented energy-saving certification
for ensuring saving quality of LED lighting products since 2011. China is the
biggest producer, consumer and exporter of efficient lighting products in the
world, whereas Japan is in the front ranks of the world in the LED chip
technology, which leads to the development of the global LED lighting industry
which in turn expands the market for troffers during the forecast period.
Drivers – Troffer Market
·
The rise
in acceptability of LED troffers for outdoor lighting solutions
LED lighting can really move the
needle in reducing the consumption of electricity for buildings as well as
outdoor lighting solutions. A typical 2x4 fluorescent troffer light can utilize
up to 160 watts per fixture. The same fixture utilizing LED technology instead,
utilizes between 30 and 50 watts per fixture. This results in 50% to 80%
reduction in cost savings just by making the switch to LED. The way LEDs
generate light and progress through their functional life results in a much
longer operating life compared to conventional fluorescent troffer lights. LED
troffer lifetimes range from 50,000 to 150,000 hours and can have up to a 10
year manufacturer warranty.
Challenges – Troffer Market
·
Ballast
Compatibility
One potential disadvantage of replacing fluorescent lamps with LED lamps instead of replacing the luminaire is ballast compatibility. Compatibility issues may arise between the new lamp and the current ballast, even between lamps and ballasts from the same manufacturer. Performance depends on the existing fixture/ballast. Lack of innovation within the troffer designs and variety may hamper the growth of troffer market.
Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the troffer market. In 2019, the market of troffer has been consolidated by the
top five players accounting for xx% of the share. Top 10 companies of troffer
market are General Electric, Acuity Brands Lighting, Eaton Corporation,
Koninklijke Philips, Zumtobel Group and Herbert Waldmann GmbH among others.
Acquisition/ Product Launch
Ø In
September 2019, Acuity Brands, Inc acquired The Luminaires Group (TLG),
provider of specification-grade luminaires for commercial, institutional,
hospitality and municipal markets. Luminaire LED offers indoor and outdoor
vandal-resistant lighting.
Ø In February 2016, Toyoda Gosei Co. developed a new LED package for lighting that produces up to 200 lumens per watt (lm/W), while maintaining color fidelity. This new product gives clients cost-effective alternatives to a fluorescent ballast and lower CRI (Color rendering index) LED products and can help reduce overall energy consumption.
1.1 Definitions and Scope
2. Troffer Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Troffer Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Troffer Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Troffer Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Troffer Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Troffer Market - Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Troffer Market - By Type (Market Size -$Million / $Billion)
8.1 Metal Type
8.2 Polymer Type
8.3 Other
9. Troffer Market - By End User (Market Size -$Million / $Billion)
9.1 Commercial
9.2 Residential
9.3 Industrial
10. Troffer - By Application (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
11. Troffer- By Geography (Market Size -$Million / $Billion)
11.1 Troffer Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Troffer- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Troffer- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Troffer - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong Kong
11.8.5.9 Rest of APAC
11.9 Troffer - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Troffer Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Troffer Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at a global level - Top 10 companies
13.1.6 Best Practises for companies
14. Troffer Market - Key Company List by Country Premium
15. Troffer Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Acuity Brand Lighting
15.3 Cree Incorporation
15.4 Eaton Corporation
15.5 General Electric
15.6 Herbert Waldmann Gmbh
15.7 Koninklijke Philip
15.8 Ledtronics
15.9 Osram Licht Ag
15.10 Toyoda Gosei Co, Ltd
15.11 Zumtobel Group
15.12 Company 11
15.13 Company 12 & More
16.1 Abbreviations
16.2 Sources
17. Troffer Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
LIST OF TABLES
1.Global Troffers Market, By Type Market 2023-2030 ($M)1.1 Metal Type Market 2023-2030 ($M) - Global Industry Research
1.2 Polymer Type Market 2023-2030 ($M) - Global Industry Research
2.Global Troffers Market, By End User Market 2023-2030 ($M)
2.1 Commercial Market 2023-2030 ($M) - Global Industry Research
2.2 Residential Market 2023-2030 ($M) - Global Industry Research
2.3 Industrial Market 2023-2030 ($M) - Global Industry Research
3.Global Troffers Market, By Type Market 2023-2030 (Volume/Units)
3.1 Metal Type Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Polymer Type Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Troffers Market, By End User Market 2023-2030 (Volume/Units)
4.1 Commercial Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Residential Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Industrial Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Troffers Market, By Type Market 2023-2030 ($M)
5.1 Metal Type Market 2023-2030 ($M) - Regional Industry Research
5.2 Polymer Type Market 2023-2030 ($M) - Regional Industry Research
6.North America Troffers Market, By End User Market 2023-2030 ($M)
6.1 Commercial Market 2023-2030 ($M) - Regional Industry Research
6.2 Residential Market 2023-2030 ($M) - Regional Industry Research
6.3 Industrial Market 2023-2030 ($M) - Regional Industry Research
7.South America Troffers Market, By Type Market 2023-2030 ($M)
7.1 Metal Type Market 2023-2030 ($M) - Regional Industry Research
7.2 Polymer Type Market 2023-2030 ($M) - Regional Industry Research
8.South America Troffers Market, By End User Market 2023-2030 ($M)
8.1 Commercial Market 2023-2030 ($M) - Regional Industry Research
8.2 Residential Market 2023-2030 ($M) - Regional Industry Research
8.3 Industrial Market 2023-2030 ($M) - Regional Industry Research
9.Europe Troffers Market, By Type Market 2023-2030 ($M)
9.1 Metal Type Market 2023-2030 ($M) - Regional Industry Research
9.2 Polymer Type Market 2023-2030 ($M) - Regional Industry Research
10.Europe Troffers Market, By End User Market 2023-2030 ($M)
10.1 Commercial Market 2023-2030 ($M) - Regional Industry Research
10.2 Residential Market 2023-2030 ($M) - Regional Industry Research
10.3 Industrial Market 2023-2030 ($M) - Regional Industry Research
11.APAC Troffers Market, By Type Market 2023-2030 ($M)
11.1 Metal Type Market 2023-2030 ($M) - Regional Industry Research
11.2 Polymer Type Market 2023-2030 ($M) - Regional Industry Research
12.APAC Troffers Market, By End User Market 2023-2030 ($M)
12.1 Commercial Market 2023-2030 ($M) - Regional Industry Research
12.2 Residential Market 2023-2030 ($M) - Regional Industry Research
12.3 Industrial Market 2023-2030 ($M) - Regional Industry Research
13.MENA Troffers Market, By Type Market 2023-2030 ($M)
13.1 Metal Type Market 2023-2030 ($M) - Regional Industry Research
13.2 Polymer Type Market 2023-2030 ($M) - Regional Industry Research
14.MENA Troffers Market, By End User Market 2023-2030 ($M)
14.1 Commercial Market 2023-2030 ($M) - Regional Industry Research
14.2 Residential Market 2023-2030 ($M) - Regional Industry Research
14.3 Industrial Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Troffer Market Revenue, 2023-2030 ($M)2.Canada Troffer Market Revenue, 2023-2030 ($M)
3.Mexico Troffer Market Revenue, 2023-2030 ($M)
4.Brazil Troffer Market Revenue, 2023-2030 ($M)
5.Argentina Troffer Market Revenue, 2023-2030 ($M)
6.Peru Troffer Market Revenue, 2023-2030 ($M)
7.Colombia Troffer Market Revenue, 2023-2030 ($M)
8.Chile Troffer Market Revenue, 2023-2030 ($M)
9.Rest of South America Troffer Market Revenue, 2023-2030 ($M)
10.UK Troffer Market Revenue, 2023-2030 ($M)
11.Germany Troffer Market Revenue, 2023-2030 ($M)
12.France Troffer Market Revenue, 2023-2030 ($M)
13.Italy Troffer Market Revenue, 2023-2030 ($M)
14.Spain Troffer Market Revenue, 2023-2030 ($M)
15.Rest of Europe Troffer Market Revenue, 2023-2030 ($M)
16.China Troffer Market Revenue, 2023-2030 ($M)
17.India Troffer Market Revenue, 2023-2030 ($M)
18.Japan Troffer Market Revenue, 2023-2030 ($M)
19.South Korea Troffer Market Revenue, 2023-2030 ($M)
20.South Africa Troffer Market Revenue, 2023-2030 ($M)
21.North America Troffer By Application
22.South America Troffer By Application
23.Europe Troffer By Application
24.APAC Troffer By Application
25.MENA Troffer By Application
26.General Electric, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Acuity Brand Lighting, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Eaton Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Koninklijke Philip, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Zumtobel Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Herbert Waldmann Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Osram Licht Ag, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Toyoda Gosei Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Cree Incorporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Ledtronics, Sales /Revenue, 2015-2018 ($Mn/$Bn)