- Growing construction industry in developed as well as developing economies is a major factor driving growth of the global light pipe market.
- Growing initiatives to encourage energy efficient projects is another factor supporting growth of the target market.
- The market in Europe is expected to register the highest growth regionally.
A new research by MarketResearch.Biz on Light Pipe gives complete guidance which provides the most recent Light Pipe market patterns like market development openings, size, share and drivers. This Light Pipe market report offers the realistic view based on key vendors, region-wise market and sales revenue. Light Pipe is predicted to conflict enormous development because of technological development and advancements in the Light Pipe product.
Global Light Pipe Market: Introduction
Light pipes, also known as tubular skylights, are used for distribution of artificial or natural light in order to illuminate spaces. Without generating excessive heat, light pipe transmits light from outdoors to indoor. Light pipes are used in commercial and residential buildings and complexes as they help lower the energy consumption and reduce cost of electricity.
Global Light Pipe Market: Dynamics
Growing construction industry in developed as well as developing economies is a major factor driving growth of the global light pipe market. Light pipes are used in industrial buildings, shops, offices, storages, etc. Increasing preference for use of natural light in order to reduce energy consumption is another factor expected to support growth of the target market. In addition, government investments and schemes for construction of green buildings, coupled with urbanization and growing population are factors fueling growth of the global market.
Growing initiatives to encourage energy efficient projects is another factor supporting growth of the target market. Government agencies are encouraging use of day light for less energy consumption and reduce greenhouse gases emission. Government in various counties have taken initiatives to build self-sufficient and green building in the coming years, which is another factor propelling growth of the global market.
The comprehensive research report comprises a complete forecast of the global light pipe market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global light pipe market is expected to expand at a moderate CAGR of 2.9% during the forecast period.
Global Light Pipe Market: Segmental Snapshot
The market report has been segmented on the basis of type, application, and region/country. The type segment includes rigid tube and flexible tube. By application segment includes residential and commercial. The regions/countries covered in the analysis are North America, China, Europe, Southeast Asia, Japan, and India.
By Type: The rigid tube segment accounted for highest revenue share contribution in 2018, and is expected to register highest CAGR of 3% over the forecast period
By Application: The commercial segment accounted for major share in terms of revenue in the global market in 2018. The residential segment is expected to register highest CAGR of over 2.9% over forecast period
By Region/Country: The market in Europe is expected to register highest CAGR of over 2.8% over the forecast period
Global Light pipe Market: Competitive Analysis
The research report on the global light pipe market includes profiles of some of major companies such as Solatube International, Inc., Gibraltar Industries, Inc., Elite Solar Systems, Inc., VKR Holding A/S (VELUX Group), DayLite Natural Lighting Technologies, Inc., HUVCO, L.L.C., Natural Light Energy System, Skydome Skylight Systems Pty. Ltd., Orion Energy Systems Inc., and Daylighting Technologies, Inc.
The Global Light Pipe Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global light pipe market for 2018–2028.
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