Global General Lighting Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global General Lighting Market Report by The Business Research Company covers general lighting market drivers and restraints, general lighting market size, major players, and the impact of COVID-19 on the general lighting market.
The general lighting market consists of sales of ambient lighting and related services used for lighting indoors of a household, commercial, institutional sites. General lighting includes chandeliers, ceiling or wall-mounted fixtures, recessed or track lights and lanterns mounted on the outside of the home. It also includes wall lighting, spotlights, post lanterns, recessed fixtures, and hanging fixtures used in hanging structures.
The continuous increase in the rate of construction activities increases the demand for general lighting globally. Lighting equipment is required in office spaces and apartment and with increasing construction activities, the requirement for such lighting also increases.
The global general lighting market is expected to grow from $99.44 billion in 2020 to $102.97 billion in 2021 at a compound annual growth rate (CAGR) of 3.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $140.71 billion in 2025 at a CAGR of 8%.
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Some general lighting market trends include companies increasingly using Li-Fi (Light Fidelity) network to manufacture general lighting equipment. Li-Fi is a wireless optical networking technology that uses light-emitting diodes (LEDs) for data transmission. The Li-fi bulbs are equipped with a small chip that modulates the light used for data transmission with speeds up to 224 gigabits per second.
Global general lighting market segments include:
1) By Product Type: LED, CFL, LFL, HID, Halogens, Incandescent, Others.
2) By End User: Residential, Commercial, Outdoor, Industrial, Other.
3) By Application: General Lighting, Automotive Lighting, Backlighting, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The General Lighting Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides general lighting market overviews, analyzes and forecasts market size, share, general lighting market players, general lighting market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The general lighting market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read General Lighting Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Schneider Electric, Panasonic, Koninklijke Philips N.V., GENERAL ELECTRIC, Acuity Brands, Cree, Inc., Eaton, Bridgelux, Citizens Electronics, OSRAM, Selux Corp, Zumtobel Group AG, Signify Holding, Wipro Lighting, Häfele, Hubbell, Amerlux, Decon Lighting Pvt. Ltd., 3G Lighting, NICOR Lighting, Axis Lighting, Louis Poulsen, Vantage Lighting, v2 Lighting Group, SPI Lighting.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The General Lighting Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The General Lighting Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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