Global General Lighting Market Trends And Strategies Of Major Players In The General Lighting Market 2021-2030
2 Sep, 2021
The general lighting market report 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
Global General Lighting Market Size And Drivers:
The global general lighting market is expected to grow from $99.44 billion in 2020 to $102.97 billion in 2021 at a compound annual growth rate (CAGR) of 3.5%. The growth 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 market is expected to reach $140.71 billion in 2025 at a CAGR of 8%. The continuous increase in the rate of construction activities increases the demand for general lighting globally.
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Trends In The Global General Lighting Market
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.
Global General Lighting Market Segments:
The global general lighting market report market is further 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 global general lighting market report market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global General Lighting Market At:https://www.thebusinessresearchcompany.com/report/general-lighting-global-market-report
General Lighting Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides general lighting market report market overviews, analyzes and forecasts market size and growth for the global general lighting market report market, general lighting market report market share, general lighting market report market players, general lighting market report market segments and geographies, general lighting market report market’s leading competitors’ revenues, profiles and market shares. The general lighting market report market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.