Increasing demand for connected lighting and interior designing is anticipated to be a key factor driving the industry growth. Increasing penetration of smartphones and internet connectivity is growing the demand for connected lighting systems, thus impacting market growth.
The global high-end lighting market size was estimated at USD 14.43 billion in 2016.
The demand for fluorescent high-end lights was highest in 2016, although the LED segment is expected to capture huge market share owing to its technological and economical advancements such as high efficiency and brightness level. Owing to the ban on incandescent and HID lights in many countries, their respective market share is witnessing a steep decline over the forecast period.
The wired segment accounted for maximum market share, whereas by 2025 wireless segment is projected to grow at a higher growth rate. Rising demand for smart and connected homes which allows better user control of all in-house electronics from distant places is contributing to the demand for wireless lighting products.
The market for modern lighting segment is expected to gain traction over the forecast period, owing to increasing demand for smart homes and various smart city projects initiated by the government across the emerging economies.
The residential application segment is anticipated to dominate the high-end product market owing to increased demand for the connected lighting system with high efficiency as compared to the commodity lighting. The industrial segment is projected to witness high growth over the forecast period, increasing standards and regulations related to industrial lighting is boosting the industry growth.
The Report Lists the Key Companies in the Long Term Care Insurance Market:
New York Life, Pacific Life, Lincoln Financial Group, Mutual of Omaha, Brighthouse Financial, OneAmerica Hybrid, GoldenCare, National Guardian Life, LTC Consumer, Minnesota Life, Transamerica, Nationwide, Thrivent, Bankers Life and Casualty, Prudential, UNUM, John Hancock, CNA, Genworth, AXA, State Life, and MassMutual.
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Long Term Care Insurance market trends. The report is available for sale on the company website.
Further, the report acknowledges that in these growing and promptly enhancing market circumstances, the most recent advertising and marketing details are very important to determine the performance in the forecast period and make essential choices for profitability and growth of the Long Term Care Insurance. In addition, the report encompasses an array of factors that impact the growth of the Long Term Care Insurance in the forecast period. Further, this specific analysis also determines the impact on the individual segments of the market.
Product Types: Between 18 and 64 ,Over 65 Years Old
On the Basis of Application: Traditional Long Term Care Insurance, Hybrid Long Term Care Insurance
Regional Analysis for Long Term Care Insurance Market :
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Long Term Care Insurance Market :
4.Key Long Term Care Insurance Market Insights
5.Global Market Analysis, Insights and Forecast, 2015-2027
6.North America Market Analysis, Insights and Forecast, 2015-2027
7.Europe Market Analysis, Insights and Forecast, 2015-2027
8.Asia Pacific Market Analysis, Insights and Forecast, 2015-2027
9.The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2027
10.Latin America Market Analysis, Insights and Forecast, 2015-2027
12.Global Long Term Care Insurance Market Revenue Share Analysis, By Key Players, 2021
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