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 worldwide electric lighting equipment market will increase from $112.99 billion in 2022 to $121.23 billion in 2023 with a 7.3% CAGR. It’s projected to reach $156.12 billion in 2027, growing at a 6.5% CAGR.

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Who are the major players in the market?
Major companies in the electrical lighting equipment market include Stanley Electric Co Ltd., Panasonic Corporation, Robert Bosch GmbH, Eaton Corporation plc.

Which trend is gaining popularity in the electric lighting equipment market?
Prominent lighting firms combine IoT tech for remote control in various settings, including homes and workplaces. Small Bluetooth beacons facilitate wireless lighting control and fixture location. In July 2021, Smart labs unveiled Nokia Smart Lighting, an IoT-driven lighting product suite.

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How is the electric lighting equipment market segmented?

Global Electric Lighting Equipment Market Segments Include:

• By Type: General Lighting, Automotive Lighting, Back Lighting
• By Application: Residential, Commercial, Automotive, Other Applications
• By Sales Channel: OEM, Aftermarket
• By Mode: Online, Offline
• 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 electric lighting equipment market in 2021.

The Electric Lighting Equipment Global Market Report 2023  provides an overview of the electric lighting equipment market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electric lighting equipment market forecast analyzes electric lighting equipment market size, electric lighting equipment market share, leading competitor and their market positions.

Electrical lighting equipment illuminates electrical devices, serving diverse household and other uses.

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Electrical Equipment Global Market Report 2023
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Automotive Lighting Global Market Report 2023

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