Under Cabinet Lighting Market Report – Research, Industry Analysis Reports and Market Demands

Global Under Cabinet Lighting Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence and Industry Outlook, 2016-2026

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Table of Content

Chapter 1 Preface

1.1 Report Description
- 1.1.1 Purpose of the Report
- 1.1.2 Target Audience
- 1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
- 1.3.1 Phase I – Secondary Research
- 1.3.2 Phase II – Primary Research
- 1.3.3 Phase III – Expert Panel Review
- 1.3.4 Approach Adopted
  - 1.3.4.1 Top-Down Approach
  - 1.3.4.2 Bottom-Up Approach
- 1.3.5 Assumptions
1.4 Market Segmentation Scope

Chapter 2 Executive Summary

2.1 Market Summary
- 2.1.1 Global Under Cabinet Lighting Market, 2016-2026, (Thousand Units) (US$ Mn)
2.1 Market Snapshot: Global Under Cabinet Lighting Market
2.2 Market Dynamics
2.3 Global Under Cabinet Lighting Market, by Segment, 2018
- 2.3.1 Global Under Cabinet Lighting Market, by Light Source Type, 2018, (Thousand Units) (US$ Mn)
- 2.3.2 Global Under Cabinet Lighting Market, by Shape, 2018, (Thousand Units) (US$ Mn)
- 2.3.3 Global Under Cabinet Lighting Market, by Installation, 2018 (Thousand Units) (US$ Mn)
- 2.3.4 Global Under Cabinet Lighting Market, by Voltage, 2018 (Thousand Units) (US$ Mn)
- 2.3.5 Global Under Cabinet Lighting Market, by End-use, 2018 (Thousand Units) (US$ Mn)
- 2.3.6 Global Under Cabinet Lighting Market, by Region, 2018 (Thousand Units) (US$ Mn)
2.4 Premium Insights
- 2.4.1 Under Cabinet Lighting Market in Developed Vs. Developing Economies, 2018 vs 2023
- 2.4.2 Global Under Cabinet Lighting Market: Regional Life Cycle Analysis

Chapter 3 Market Dynamics

3.1 Market Overview
3.2 Market Drivers
- 3.2.1 Growing demand for interior designs coupled with rising consumer income
- 3.2.2 Driver 2
3.3 Market Restraints
- 3.3.1 High Cost of Energy Efficient Lighting
3.4 Market Opportunities
- 3.4.1 IoT connected under cabinet lighting
- 3.4.2 Opportunity 2
3.5 Industry SWOT Analysis

Chapter 4 Global Under Cabinet Lighting Market, by Light Source Type

4.1 Market Overview, by Light Source Type
- 4.1.1 Global Under Cabinet Lighting Market, by Light Source Type, 2016-2026 (Thousand Units) (US$ Mn)
- 4.1.2 Incremental Opportunity, by Light Source Type, From 2018-2026
4.2 Incandescent
- 4.2.1 Global Under Cabinet Lighting Market, by Incandescent, 2016-2026, (Thousand Units) (US$ Mn)
4.3 Fluorescent
- 4.3.1 Global Under Cabinet Lighting Market, by Fluorescent, 2016-2026, (Thousand Units) (US$ Mn)
4.4 LED
- 4.4.1 Global Under Cabinet Lighting Market, by LED, 2016-2026, (Thousand Units) (US$ Mn)
4.1 Xenon
- 4.1.1 Global Under Cabinet Lighting Market, by Xenon, 2016-2026, (Thousand Units) (US$ Mn)

Chapter 5 Global Under Cabinet Lighting Market, by Shape

5.1 Market Overview, by Shape
- 5.1.1 Global Under Cabinet Lighting Market, by Shape, 2016-2026 (Thousand Units) (US$ Mn)
- 5.1.2 Incremental Opportunity, by Shape, From 2018-2026
5.2 Light Bars
- 5.2.1 Global Under Cabinet Lighting Market, by Light Bars, 2016-2026, (Thousand Units) (US$ Mn)
5.3 Puck Lights
- 5.3.1 Global Under Cabinet Lighting Market, by Puck Lights, 2016-2026, (Thousand Units) (US$ Mn)
5.4 Tape Lights
- 5.4.1 Global Under Cabinet Lighting Market, by Tape Lights, 2016-2026, (Thousand Units) (US$ Mn)
5.5 Others
- 5.5.1 Global Under Cabinet Lighting Market, by Others, 2016-2026, (Thousand Units) (US$ Mn)

Chapter 6 Global Under Cabinet Lighting Market, by Installation

6.1 Market Overview, by Installation
- 6.1.1 Global Under Cabinet Lighting Market, by Installation, 2016-2026 (Thousand Units) (US$ Mn)
- 6.1.2 Incremental Opportunity, by Installation, From 2018-2026
6.2 Surface Mounted
- 6.2.1 Global Under Cabinet Lighting Market, by Surface Mounted, 2016-2026, (Thousand Units) (US$ Mn)
6.3 Recessed
- 6.3.1 Global Under Cabinet Lighting Market, by Recessed, 2016-2026, (Thousand Units) (US$ Mn)

Chapter 7 Global Under Cabinet Lighting Market, by Voltage

7.1 Market Overview, by Voltage
- 7.1.1 Global Under Cabinet Lighting Market, by Voltage, 2016-2026 (Thousand Units) (US$ Mn)
- 7.1.2 Incremental Opportunity, by Voltage, From 2018-2026
7.2 Normal line voltage (120V)
- 7.2.1 Global Under Cabinet Lighting Market, by Normal line voltage (120V), 2016-2026, (Thousand Units) (US$ Mn)
7.3 Low Voltage (12V or 24V)
- 7.3.1 Global Under Cabinet Lighting Market, by Low Voltage (12V or 24V), 2016-2026, (Thousand Units) (US$ Mn)

Chapter 8 Global Under Cabinet Lighting Market, by End-use

8.1 Market Overview, by End-use
- 8.1.1 Global Under Cabinet Lighting Market, by End-use, 2016-2026 (Thousand Units) (US$ Mn)
- 8.1.2 Incremental Opportunity, by End-use, From 2018-2026
8.2 Residential
- 8.2.1 Global Under Cabinet Lighting Market, by Residential, 2016-2026, (Thousand Units) (US$ Mn)
8.3 Commercial
- 8.3.1 Global Under Cabinet Lighting Market, by Commercial, 2016-2026, (Thousand Units) (US$ Mn)

Chapter 9 Global Under Cabinet Lighting Market, by Region

Description

Under cabinet lighting is primarily used in kitchen areas owing to its cost effectiveness, especially considering the overall cost of raw materials. Rising consumer expenditure on interior decoration is driving the demand for under cabinet lighting. In addition to this, the growing use of under cabinet lighting in the hospitality industry is contributing to the growth of the market. Under cabinet lighting is more effective as it eliminates shadow and has sharp focus.
On the basis of revenue, the global under cabinet market was valued at US$ 1,589.6 Mn in the year 2018 and is expected to reach US$ 2,078.4 Mn by 2026, growing with a CAGR of 3.4% during the forecast period. The global under cabinet lighting market is driven by growing consumer spending on interior designing, owing to rising disposable income. In addition to this, government initiatives to promote the use of energy-efficient lights in the residential sector are expected to generate demand for under cabinet lighting.
However, high costs associated with energy-efficient lightings will restrict the demand for under cabinet lights, as consumers prefer to use low cost, energy-inefficient lights. Moreover, the rising demand for energy efficient lighting from emerging economies due to the growing construction industry is expected to boost the demand for under cabinet lighting. The rising demand for Internet of Things (IoT) for connected devices will further accelerate the market demand during the forecast period.
The global under cabinet lighting market is segmented on the basis of light source type, shape, installation, voltage, and end-use. On the basis of light source type, the market is categorized as incandescent, fluorescent, LED, and xenon. LED light source type dominated the under cabinet lighting market in the year 2018 with a significant market share and is expected to show similar trends during the forecast period.
LED saves energy by 75% and lasts 25 times longer as compared to other light sources such as incandescent lighting. This is driving the market demand for LED as a light source for under cabinet lighting. Various initiatives such as ‘domestic efficient lighting programme’ were launched on 1st May 2015 by the government of India to introduce energy-efficient alternatives. Government rules and regulations to promote energy-efficient lighting and new product development are driving the market demand for LED light source. Based on regions, North America dominated the under cabinet lighting market in the year 2018, with the U.S. contributing a major share in the region.