The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The continuous increase in the rate of construction activities are expected to drive innovation in general lighting manufacturing, thus driving the market during the forecast period.

The global general lighting market is expected to grow from $87.74 billion in 2022 to $93.93 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The global general lighting market size is expected to grow to $119.85 billion in 2027 at a CAGR of 6.3%.

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Global General Lighting Market Segments Include:

• By Product Type:LED, CFL, LFL, HID, Halogens, Incandescent, Other Products
• By End User:Residential, Commercial, Outdoor, Industrial, Other End-Users
• By Application:General Lighting, Automotive Lighting, Backlighting, Other Applications
• 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 is the largest region in the global general lighting market in 2021.

Major Market Players in the general lighting market include Schneider Electric, Panasonic, Koninklijke Philips N.V., General Electric, Acuity Brands, Cree Inc., Eaton, Bridgelux, and Citizens Electronics.

Companies are 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. In 2020, Philips Lighting, a Netherland-based electrical provider, launched an Internet of Things (IoT) platform and connected lighting system. LEDs and sensors are used in LiFi technology to wirelessly transmit data to computers and tablets via light waves.

The General Lighting Global Market Report 2023  provides a general lighting market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The general lighting market forecast analyzes general lighting market size, general lighting market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

General lighting, or ambient lighting, is defined as a lighting system used to illuminate indoor and outdoor areas with sufficient or natural brightness without any glare. They are cost-effective, use less energy, and beautify the ambiance.

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