Global General Lighting Market Overview And Prospects – Includes General Lighting Market Segments
Learn about the global general lighting market through The Business Research Company, which provides information on general lighting market size, general lighting market drivers and restraints, general lighting market players, the COVID-19 impact on the general lighting market, and more.
The general lighting market is expected to grow from $94.07 billion in 2020 to $125.34 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The global general lighting market size is expected to reach $154.41 billion in 2030, at a CAGR of 4.3%.
Increasing urbanization will support the growth of the general lighting market.
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The general lighting market consists of sales of general lighting equipment by entities (organizations, sole traders and partnerships) and related services that produce general lighting equipment used for indoor lighting of households, commercial, and institutional sites, outdoor lighting, and lighting at industrial spaces. General lighting, which is also known as ambient lighting includes chandeliers, ceiling or wall-mounted fixtures, recessed or track lights and lanterns mounted on the outside of homes. It also includes wall lighting, spotlights, post lanterns, recessed fixtures, and hanging fixtures used in lamps, and floor lamps.
Global General Lighting Market Segments Include:
By Product Type: Light Emitting Diode (LED), Compact Fluorescent Lamps (CFL), Linear Fluorescent Lamps (LFL), High Intensity Discharge (HID), Halogens, Incandescent
By End-User: Residential, Commercial, Outdoor, Industrial, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global general lighting market, accounting for 44.6% of the total in 2021.
A large number of companies are developing and launching new innovative Li-Fi lighting solutions for expanded use of lighting products. Li-Fi is a mobile wireless technology that uses light waves to transmit data from one place to another. The entire technology is much faster than the existing Wi-Fi system. In the digital world, Li-Fi is widely used for reducing working costs, increasing bulb lifecycles, and reducing useless energy. Therefore, Li-Fi technology is increasing demand for general lighting.
Major Market Players: Schneider Electric SE, Panasonic Corporation, Signify N.V., Osram Licht AG, Acuity Brands, Inc.
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 (2016-21) and ten years forecast (2022-2026-2031)
The General Lighting Market Report 2022 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, leading competitor revenues, profiles and market shares.
TBRC’s 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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