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The downlight market in North America is being driven by the expansion of the industrial sector. The rapid development of structures required to carry out operations in various end use industries including food and beverage, IT and telecom, pharmaceutical, healthcare, and hospitality, among others is supporting the market for downlight. In addition to this, the various advantages offered by downlights, such as 85% reduced consumption of energy compared to halogen or traditional bulbs, energy savings up to 30% compared to CFL bulbs, and enhanced brightness along with the ability to dim, are likely to propel the demand for the product. Also, downlights are long lasting and can last up to 10,000 hours to 15,000 hours. Over the forecast period, the rising investment in the residential construction projects owing to the increasing disposable income, rising population, and increasing inclination towards home décor is anticipated to provide impetus to the market in the forecast period.
In February 2021, Acuity Brands, Inc. (NYSE: AYI) announced the launch of Juno Wafer LED downlights, a canless, housing-free option ideal for shallow ceilings, for indoor/outdoor housing. The product comes with five easy colour temperature adjustments. Thus, such investments by the key players to enhance their existing portfolio and offer innovative solutions are expected to bolster the market growth in the forecast period.
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The major players in the North America downlight market are Signify Holding, Cree Lighting, Acuity Brands Lighting, Inc., OSRAM GmbH, Liteline Corporation, and GE Current, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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