South Korea Professional Lighting Market (2020-2026) | Share, Revenue, Trends, Value, Outlook, COVID-19 IMPACT, Size, Analysis, Companies, Forecast, Industry & Growth

South Korea Professional Lighting Market Synopsis

South Korea's professional lighting market is expected to grow at a CAGR of 5.09% during the forecast period (2020-2026). The growth in this market is driven by increasing demand for energy-efficient lighting solutions, rising adoption of smart lighting systems, and growing awareness about the need for green buildings & infrastructure. In addition, the surge in urbanization coupled with growing investments from both domestic and international investors are likely to support the growth of South Koreas professional lighting industry in the coming years.

On account of its high efficacy as well as cost savings potential, LED technology has emerged as one of the most preferred choice among customers across all industries. Furthermore, advancement in technologies such as connected devices and IoT platforms have increased their usage significantly over traditional lights. Moreover, governments across countries including South Korea are making significant efforts towards promoting sustainable development through green initiatives such as subsidies on LED bulbs which further reduces price gap between LEDs and other conventional sources resulting into greater acceptance amongst customers. As a result, these factors are anticipated to boost sales volume for professional lightings over 2020-2026 time frame thus augmenting overall growth rate of South Korean market during same period.

Key Highlights of the Report:

• South Korea Professional Lighting Market Outlook
• Market Size of South Korea Professional Lighting Market, 2019
• Forecast of South Korea Professional Lighting Market, 2026
• Historical Data and Forecast of South Korea Professional Lighting Revenues & Volume for the Period 2016 - 2026
• South Korea Professional Lighting Market Trend Evolution
• South Korea Professional Lighting Market Drivers and Challenges
• South Korea Professional Lighting Price Trends
• South Korea Professional Lighting Porter's Five Forces
• South Korea Professional Lighting Industry Life Cycle
• Historical Data and Forecast of South Korea Professional Lighting Market Revenues & Volume By Light Source for the Period 2016 - 2026
• Historical Data and Forecast of South Korea Professional Lighting Market Revenues & Volume By LEDs for the Period 2016 - 2026
• Historical Data and Forecast of South Korea Professional Lighting Market Revenues & Volume By Others (halogen lamps, xenon bulbs, incandescent lamps) for the Period 2016 - 2026
• Historical Data and Forecast of South Korea Professional Lighting Market Revenues & Volume By Applications for the Period 2016 - 2026
• Historical Data and Forecast of South Korea Professional Lighting Market Revenues & Volume By Entertainment for the Period 2016 - 2026
• Historical Data and Forecast of South Korea Professional Lighting Market Revenues & Volume By Stage lighting for the Period 2016 - 2026
• Historical Data and Forecast of South Korea Professional Lighting Market Revenues & Volume By Medical for the Period 2016 - 2026
• Historical Data and Forecast of South Korea Professional Lighting Market Revenues & Volume By UV Lamps for the Period 2016 - 2026
• Historical Data and Forecast of South Korea Professional Lighting Market Revenues & Volume By Others for the Period 2016 - 2026
• South Korea Professional Lighting Import Export Trade Statistics
• Market Opportunity Assessment By Light Source
• Market Opportunity Assessment By Applications
• South Korea Professional Lighting Top Companies Market Share
• South Korea Professional Lighting Competitive Benchmarking By Technical and Operational Parameters
• South Korea Professional Lighting Company Profiles
• South Korea Professional Lighting Key Strategic Recommendations