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Lighting Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 120 Pages
SKU # FOB19260653

Description

Lighting Market



Growth Factors of Lighting Market

The global lighting market size was valued at USD 122.03 billion in 2022 and is projected to grow from USD 125.48 billion in 2023 to USD 169.44 billion by 2030, exhibiting a CAGR of 4.4% during the forecast period of 2023-2030.

The COVID-19 pandemic disrupted the lighting fixtures market through delivery chain troubles and decreased calls for closed production projects and commercial areas. Despite this, the call for energy-green and clever lighting fixture solutions in residential regions increased, impeding the lighting market growth.

The lights marketplace is pushed by growing demand for strength-efficient solutions, accelerated adoption of clever lighting fixtures technology, urbanization, and government tasks promoting electricity conservation. These elements collectively beautify a person's comfort, lessen environmental impact, and guide infrastructure improvement.

LED lighting fixtures have revolutionized the light enterprise due to their notably higher power performance than traditional lighting technologies. This efficiency interprets decreased electricity consumption and lower payments, expanding the global lighting market share. LEDs also boast a miles longer lifespan than conventional bulbs, minimizing the need for frequent replacements and reducing preservation charges. Furthermore, LED lights can seamlessly incorporate innovative domestic systems, enabling faraway manipulation and automation.

Comprehensive Analysis of Lighting Market

The lights market is segmented by kind, utility, and give-up user. The LED segment is expected to develop the fastest due to its low price and electricity performance. General lighting dominates packages, making up nearly 80% of the market, pushed by expanded residential and industrial construction and automotive lighting fixtures. In terms of cease customers, the residential phase is predicted to keep the most crucial share, spurred through the call for clever LED lights, at the same time as the commercial section, due to the growth of industrial buildings and public infrastructure.

The Asia Pacific region led the lighting market by benefitting a size of USD 57.56 billion in 2022 due to the presence of numerous registered and unregistered marketplace key gamers on this sector.

The leading players in the lighting market significantly shape its growth trajectory and establish industry standards. Key companies, including GE Lighting (U.S.), Koninklijke Philips N.V. (Netherlands), Panasonic Corporation (Japan), OSRAM Licht AG (Germany), Schneider Electric SE (France), Cree, Inc. (U.S.), CITIZEN ELECTRONICS CO., LTD. (Japan), Lumerica (Canada), Havells India Ltd. (India), LEDtronics, Inc. (U.S.), Patriot LED (U.S.), and Acuity Brands, Inc. (U.S.), contribute to a competitive landscape that drives innovation and market advancement.

In February 2019, Cree, Inc. Has released its next-generation ‘XLamp,’ in particular the XP-E2 Photo Red (660nm) and Far Red (730nm) fashions. This new product is designed to beautify overall performance inside the horticulture region. These horticulture LEDs enhance the performance of LED luminaires and reduce the payback period.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 4.4% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Lighting Type

LED

CFL

LFL

HID

Halogen

Incandescent

By Application

General Lighting

Automotive Lighting

Backlighting

Others

By End User

Residential

Commercial

Industrial

By Region

North America (By Lighting Type, By Application, By End User, By Country)
  • U.S. (By End User)
  • Canada (By End User)
Europe (By Lighting Type, By Application, By End User, By Country)
  • Germany (By End User)
  • U.K. (By End User)
  • France (By End User)
  • Italy (By End User)
  • Spain (By End User)
  • Scandinavia (By End User)
  • Rest of Europe
Asia Pacific (By Lighting Type, By Application, By End User, By Country)
  • China (By End User)
  • India (By End User)
  • Japan (By End User)
  • Australia (By End User)
  • Southeast Asia (By End User)
  • Rest of Asia Pacific
Middle East & Africa (By Lighting Type, By Application, By End User, By Country)
  • GCC (By End User)
  • South Africa (By End User)
  • Rest of Middle East & Africa
Latin America (By Lighting Type, By Application, By End User, By Country)
  • Brazil (By End User)
  • Mexico (By End User)
  • Rest of Latin America

Table of Contents

120 Pages
1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints and Opportunities and Trends
3.3. Impact of COVID-19
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Lighting Market Key Players Market Share Insights and Analysis, 2022
5. Global Lighting Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030
5.1. Key Findings
5.2. By Lighting Type (USD)
5.2.1. LED
5.2.2. CFL
5.2.3. LFL
5.2.4. HID
5.2.5. Halogen
5.2.6. Incandescent
5.3. By Application (USD)
5.3.1. General Lighting
5.3.2. Automotive Lighting
5.3.3. Backlighting
5.3.4. Others
5.4. By End-User (USD)
5.4.1. Residential
5.4.2. Commercial
5.4.3. Industrial
5.5. By Region (USD)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Middle East and Africa
5.5.5. Latin America
6. North America Lighting Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030
6.1. Key Findings
6.2. By Lighting Type (USD)
6.2.1. LED
6.2.2. CFL
6.2.3. LFL
6.2.4. HID
6.2.5. Halogen
6.2.6. Incandescent
6.3. By Application (USD)
6.3.1. General Lighting
6.3.2. Automotive Lighting
6.3.3. Backlighting
6.3.4. Others
6.4. By End-User (USD)
6.4.1. Residential
6.4.2. Commercial
6.4.3. Industrial
6.5. By Country (USD)
6.5.1. U.S.
6.5.1.1. By End-User
6.5.1.1.1. Residential
6.5.1.1.2. Commercial
6.5.1.1.3. Industrial
6.5.2. Canada
6.5.2.1. By End-User
6.5.2.1.1. Residential
6.5.2.1.2. Commercial
6.5.2.1.3. Industrial
7. Europe Lighting Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030
7.1. Key Findings
7.2. By Lighting Type (USD)
7.2.1. LED
7.2.2. CFL
7.2.3. LFL
7.2.4. HID
7.2.5. Halogen
7.2.6. Incandescent
7.3. By Application (USD)
7.3.1. General Lighting
7.3.2. Automotive Lighting
7.3.3. Backlighting
7.3.4. Others
7.4. By End-User (USD)
7.4.1. Residential
7.4.2. Commercial
7.4.3. Industrial
7.5. By Country (USD)
7.5.1. Germany
7.5.1.1. By End-User
7.5.1.1.1. Residential
7.5.1.1.2. Commercial
7.5.1.1.3. Industrial
7.5.2. U.K.
7.5.2.1. By End-User
7.5.2.1.1. Residential
7.5.2.1.2. Commercial
7.5.2.1.3. Industrial
7.5.3. France
7.5.3.1. By End-User
7.5.3.1.1. Residential
7.5.3.1.2. Commercial
7.5.3.1.3. Industrial
7.5.4. Rest of Europe
8. Asia Pacific Lighting Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030
8.1. Key Findings
8.2. By Lighting Type (USD)
8.2.1. LED
8.2.2. CFL
8.2.3. LFL
8.2.4. HID
8.2.5. Halogen
8.2.6. Incandescent
8.3. By Application (USD)
8.3.1. General Lighting
8.3.2. Automotive Lighting
8.3.3. Backlighting
8.3.4. Others
8.4. By End-User (USD)
8.4.1. Residential
8.4.2. Commercial
8.4.3. Industrial
8.5. By Country (USD)
8.5.1. China
8.5.1.1. By End-User
8.5.1.1.1. Residential
8.5.1.1.2. Commercial
8.5.1.1.3. Industrial
8.5.2. India
8.5.2.1. By End-User
8.5.2.1.1. Residential
8.5.2.1.2. Commercial
8.5.2.1.3. Industrial
8.5.3. Japan
8.5.3.1. By End-User
8.5.3.1.1. Residential
8.5.3.1.2. Commercial
8.5.3.1.3. Industrial
8.5.4. South East Asia
8.5.4.1. By End-User
8.5.4.1.1. Residential
8.5.4.1.2. Commercial
8.5.4.1.3. Industrial
8.5.5. Rest of Asia-Pacific
9. Middle East and Africa Lighting Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030
9.1. Key Findings
9.2. By Lighting Type (USD)
9.2.1. LED
9.2.2. CFL
9.2.3. LFL
9.2.4. HID
9.2.5. Halogen
9.2.6. Incandescent
9.3. By Application (USD)
9.3.1. General Lighting
9.3.2. Automotive Lighting
9.3.3. Backlighting
9.3.4. Others
9.4. By End-User (USD)
9.4.1. Residential
9.4.2. Commercial
9.4.3. Industrial
9.5. By Country (USD)
9.5.1. GCC
9.5.1.1. By End-User
9.5.1.1.1. Residential
9.5.1.1.2. Commercial
9.5.1.1.3. Industrial
9.5.2. South Africa
9.5.2.1. By End-User
9.5.2.1.1. Residential
9.5.2.1.2. Commercial
9.5.2.1.3. Industrial
9.5.3. Rest of Middle East and Africa
10. Latin America Lighting Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030
10.1. Key Findings
10.2. By Lighting Type (USD)
10.2.1. LED
10.2.2. CFL
10.2.3. LFL
10.2.4. HID
10.2.5. Halogen
10.2.6. Incandescent
10.3. By Application (USD)
10.3.1. General Lighting
10.3.2. Automotive Lighting
10.3.3. Backlighting
10.3.4. Others
10.4. By End-User (USD)
10.4.1. Residential
10.4.2. Commercial
10.4.3. Industrial
10.5. By Country (USD)
10.5.1. Brazil
10.5.1.1. By End-User
10.5.1.1.1. Residential
10.5.1.1.2. Commercial
10.5.1.1.3. Industrial
10.5.2. Mexico
10.5.2.1. By End-User
10.5.2.1.1. Residential
10.5.2.1.2. Commercial
10.5.2.1.3. Industrial
10.5.3. Rest of Latin America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. GE Lighting
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Koninklijke Philips N.V.
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. Panasonic Corporation
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. OSRAM Licht AG
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Schneider Electric SE
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. Cree, Inc.
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. CITIZEN ELECTRONICS CO., LTD.
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. Lumerica
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. Havells India Ltd.
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. LEDtronics, Inc.
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments
11.11. Acuity Brands, Inc.
11.11.1. Overview
11.11.1.1. Key Management
11.11.1.2. Headquarters
11.11.1.3. Offerings/Business Segments
11.11.2. Key Details (Key details are consolidated data and not product/service specific)
11.11.2.1. Employee Size
11.11.2.2. Past and Current Revenue
11.11.2.3. Geographical Share
11.11.2.4. Business Segment Share
11.11.2.5. Recent Developments

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