Global Trunking System Sales Market Report 2023

Trunking System here refers to LED Trunking Systems. Trunking System is an energy‐efficient, low maintenance alternative to traditional linear fluorescent in a variety of industrial, commercial and light assembly applications. It is the optimal solution for conventional lighting systems and also excellent for new installations due to its low installation cost ‐ everything in one box and installation is tool‐less. It saves both time and costs when updating lighting systems. LED trunking system distributes the elegant and uniform light according to different applications like supermarket, retail places, warehouses, offices, lecture halls, play courts, gymnasium, workshops,car parks etc.

Market Analysis and Insights: Global Trunking System Market

Due to the COVID-19 pandemic, the global Trunking System market size is estimated to be worth US$ 133.8 million in 2022 and is forecast to a readjusted size of US$ 206.2 million by 2029 with a CAGR of 6.3% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Narrow Distribution accounting for % of the Trunking System global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Commercial segment is altered to an % CAGR throughout this forecast period.

Philips accounted for 19% of the global Trunking System revenue market share. Followed players, GE lighting accounted for 10%, Havells Sylvania (Shanghai Feilo Acoustics) accounted for 6%.

Global giant manufactures mainly distributed in Europe. They have unshakable status in this field. The key product markets locate at Europe. Europe takes the market share of 49%.

Global Trunking System Scope and Market Size

The global Trunking System market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Trunking System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.


Segment by Type


Narrow Distribution

Wide Distribution

Others


Segment by Application


Commercial

Industrial

Warehouse

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Philips Lighting Holding

GE lighting

Havells Sylvania (Shanghai Feilo Acoustics)

Siteco Beleuchtungstechnik GmbH (OSRAM)

Zumtobel Group

TRILUX Group Management GmbH

Aura Light International

Luxon LED

Thorlux Lighting (F.W. Thorpe Plc Group)