The European market for Damp Proof LED Linear Luminaire reached US$318.38 million.
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According to the study, the market size of European Damp Proof LED Linear Luminaire is 149.14 million US dollars, 318.38 million US dollars in 2023, and the compound annual growth rate from 2017 to 2023 is 13.47%.
Ledvance dominates the market, accounting for 15.58% of the 2017 Damp Proof LED Linear Luminaire revenue market. Zumtobel, Philips Lighting, Adolf Schuch GmbH and Feilo Sylvania are the main players, accounting for 13.70%, 12.83%, respectively, 11.62 2017 European moisture The market share of Damp Proof LED Linear Luminaire accounted for % and 8.33% respectively.
In terms of applications, the industrial and warehousing application sector had the highest market share in 2017, at 68.41%, and is expected to gain more market share by the end of 2023.
The market is not only affected by price, but also by product performance. Leading companies have better performance, richer product types, better technology and impeccable service. Therefore, they occupy most of the market share of the high-end market.
Looking ahead to the next few years, the price gap between different brands will narrow. Similarly, gross margins will fluctuate.
Despite the competition issue, investors are still optimistic about the field due to a slight increase in the European economic recovery trend, and more new investments will enter the field in the future.