The global general lighting market size is expected to grow from $80.66 billion in 2021 to $88.89 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%.The growth in the market 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 general lighting market is expected to reach $125.05 billion in 2026 at a CAGR of 8.9%.
What is the Global 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.
Get a Sample of the global general lighting market report
https://www.thebusinessresearchcompany.com/sample.aspx?id=2734&type=smp
What drives the Global General Lighting Market?
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. According to a report by Global Construction Perspectives and Oxford Economics, the global construction market is forecast to grow by over 70% by 2025. The increase in demand for construction activities will have a positive impact on the growth of the general lighting market.
Get the full global general lighting industry report here
https://www.thebusinessresearchcompany.com/report/general-lighting-global-market-report
Global General Lighting Market Segments
The global general lighting market is segmented:
By Product Type: LED, CFL, LFL, HID, Halogens, Incandescent, Others
By End-User: Residential, Commercial, Outdoor, Industrial, Others
By Application: General Lighting, Automotive Lighting, Backlighting, Others
By Geography: The regions covered in the general lighting global market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
General Lighting Global Market Report 2022 provides market size and growth forecasts for the global general lighting market, global general lighting market share, general lighting global market segments and geographies, general lighting market competitive landscape including 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.
Global General Lighting Industry Playersinclude Schneider Electric, Panasonic, Koninklijke Philips N.V., GENERAL ELECTRIC, Acuity Brands, Cree Inc., Eaton, Bridgelux, and Citizens Electronics. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
