Global Electric Lighting Equipment Market Trends And Strategies Of Major Players In The Electric Lighting Equipment Market 2021-2030
19 Apr, 2021
The electrical lighting equipment market consists of sales of electrical lighting equipment by entities (organizations, sole traders and partnerships) that produce electric light bulbs and tubes, and parts and components (except glass blanks for electric light bulbs) or electric lighting fixtures (except vehicular), nonelectric lighting equipment, lamp shades (except glass and plastics), and lighting fixture components (except current-carrying wiring devices).
Global Electric Lighting Equipment Market Size And Drivers:
The global electric lighting equipment market is expected to grow from $125.3 billion in 2020 to $129.47 billion in 2021 at a compound annual growth rate (CAGR) of 3.3%. The market is expected to reach $175.67 billion in 2025 at a CAGR of 8%.
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Trends In The Global Electric Lighting Equipment Market
Major lighting companies are integrating lighting fixtures with IoT technology to enable remote user control and for controlling lighting in office, work environment and city infrastructure. IoT technology is widely being used in homes and work places to integrate and control internal and external light fixtures. Beacons, which are small Bluetooth radio transmitters that give signals to other devices, are used to enable wireless lighting control and broadcast the location of fixtures.
Global Electric Lighting Equipment Market Segments:
The global electric lighting equipment market is further segmented based on type, application, sales channel, mode and geography.
By Type: General Lighting, Automotive Lighting, Back Lighting.
By Application: Residential, Commercial, Automotive, Others.
By Sales Channel: OEM, Aftermarket.
By Mode: Online, Offline.
Subsegments Covered: Incandescent Bulbs, Halogen, High Intensity Discharge (HID) Bulbs, Linear Fluorescent (LFL) Bulbs, Compact Fluorescent Lamps (CFL), Light Emitting Diode (LED), Automotive Halogen Bulbs, High Intensity Discharge [HID] Bulbs, Automotive Light Emitting Diode (LED) Bulbs, Cold Cathode Fluorescent Lamps (CCFL), Back Lighting-Light Emitting Diode (LED).
By Geography: The global electric lighting equipment 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, accounting for 31% of the total market.
Read More On The Report For The Global Electric Lighting Equipment Market At:https://www.thebusinessresearchcompany.com/report/electric-lighting-equipment-global-market-report-2020-30-covid-19-impact-and-recovery
Electric Lighting Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides electric lighting equipment market overviews, analyzes and forecasts market size and growth for the global electric lighting equipment market, electric lighting equipment market share, electric lighting equipment market players, electric lighting equipment market segments and geographies, electric lighting equipment market’s leading competitors’ revenues, profiles and market shares. The electric lighting equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.