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Electric Lighting Equipment Manufacturing Global Market Report 2019

Starting Price : $ 4000.00 | Pages : 300 | Published : January 2019 | SKU CODE : 5264 | Format :


Electrical Lighting Equipment Manufacturing Market Characteristics

The electrical lighting equipment manufacturing 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).

Competitive Landscape of the Electrical Lighting Equipment Manufacturing Market

Major players in the global Electrical lighting equipment manufacturing market include General Electric Corporation, Panasonic Corporation, Koninklijke Philips NV, Eaton Corporation Plc, OSRAM GmbH

Electrical Lighting Equipment Manufacturing Market Size

The electrical lighting equipment manufacturing market size is expected to reach $115 billion by 2022, significantly growing at a CAGR of around 3% during the forecast period. The growth in the Electrical lighting equipment manufacturing market is due to increase in disposable income and increasing population and demand.

However, the market for Electrical lighting equipment manufacturing is expected to face certain restraints from several factors such as rising costs and decreasing margins and increasing competition.

Electrical Lighting Equipment Manufacturing Market Segmentation

The global electrical lighting equipment manufacturing market is further segmented based on type and geography.
By Type - The electrical lighting equipment manufacturing market is segmented into general lighting, automotive lighting and back lighting among these segments, the general lighting market accounts for the largest share in the global Electrical lighting equipment manufacturing market.
By Geography - The global electrical lighting equipment manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global electric lighting equipment manufacturing market.
Trends in the Electrical Lighting Equipment Manufacturing 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. For instance, Belles, a smart lighting designer based in Cambridge, offers wireless lighting control and broadcast location through Potential Opportunities in the Electrical Lighting Equipment Manufacturing Market With increase in economy and growing demand due to growing population, the scope and potential for the global electrical lighting equipment manufacturing market is expected to significantly rise in the forecast period.

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