High Intensity Discharge Bulbs Global Market Report 2023 – By Product Type (Metal Halide Light, High Pressure Sodium Light, Xenon Arc Light, Other Product Types), By Application (Industrial, Agriculture, Medical, Other Applications), By Distribution Channel (OEM, Aftermarket), By Mode (Online, Offline) – Market Size, Trends, And Global Forecast 2023-2032

Automotive halogen bulbs are defined as bulbs that use halogen gas inside the bulbs to increase light output and rated life. The main products of automotive halogen bulbs are halogen short-arc lights, halogen long-arc lights, and halogen flashlights. Halogen long-arc lights produce light by maintaining an electric arc across a gap between two conductors, light comes from both the heated ends of the conductors (usually carbon rods) and the arc itself. Arc lamps are used in high-brightness applications such as searchlights, large film projectors, and floodlights. Automotive halogen bulbs are used in passenger vehicles and commercial vehicles for OEM and aftermarket applications. The global automotive halogen bulbs market is segmented - 1) By Product: Halogen Short-Arc Lights, Halogen Long-Arc Lights, Halogen Flash Lights 2) By Application: OEMs, Aftermarket 3) By Vehicle Type: Passenger Vehicle, Commercial Vehicle The global automotive halogen bulbs market size will grow from $9.28 billion in 2022 to $10.91 billion in 2023 at a compound annual growth rate (CAGR) of 17.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive halogen bulbs is expected to grow to $13.93 billion in 2027 at a CAGR of 6.3%. Lower cost benefits of halogen in headlights over other headlight types are expected to increase the demand for automotive halogen bulbs market. These bulbs are used in projector bulbs in headlights and incorporate low replacement costs and lesser energy consumption as compared to incandescent bulbs. Furthermore, properties such as a decent lifespan of around 1000 hours under normal conditions and government regulations for more efficient bulbs will continue to drive growth of the automotive halogen bulbs market. Major players in the automotive halogen bulbs market are GE Lighting, Philips Lighting, Osram Group, HELLA, Magneti Marelli, Toshiba, Eaton Cooper, Panasonic, and Koito Manufacturing. The growing popularity of LED and laser headlights in cars and bikes is acting as a restraint on the automotive halogen bulbs market. LED and laser headlights are compact in size and have high light emission power compared to halogen headlights. In addition, LED and laser headlights have a lifespan of over 20,000 hours, much higher than halogen bulbs. For instance, Osram supplied its laser headlamps for use in the BMW i8 and Audi R8 LMX car models. Manufacturers are increasingly offering dual-beam halogen bulbs to cater to the increasing demand from the automobile industry. These products consist of dual metal filaments that produce a high-energy dual-beam pattern comprising of a high beam and a low beam. The beams generated are of high light-emitting power. H4, H7, and H13 are some of the types of dual filament halogen bulbs. For instance, Phoenix Lamps, an India-based lighting manufacturer, manufactures and supplies the dual filament halogen lamps namely H4 & HS1 lamps used in four-wheelers and commercial vehicles to automotive companies such as Piaggio, Mahindra, BMW, and Volkswagen. In April 2022, Suprajit Engineering, an India-based mechanical cable and halogen bulb manufacturer acquired Kongsberg Automotive ASA for a deal of $ 42 million. Through this acquisition, Suprojit Engineering aims to acquire the actuation technology and making Electro-Magnetic Actuators (EMA). Kongsberg Automotive ASA is a Norway-based automotive part manufacturer. Asia-Pacific was the largest region in the automotive halogen bulbs market in 2022. North America was the second-largest region in the automotive halogen bulbs market share. The regions covered in the global automotive halogen bulbs market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive halogen bulbs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The automotive halogen bulbs market consists of sales of automotive halogen short-arc lights, automotive halogen long-arc lights, automotive halogen flashlights, and other automotive halogen bulbs. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive halogen bulbs market research report is one of a series of new reports from The Business Research Company that provides automotive halogen bulbs market statistics, including automotive halogen bulbs industry global market size, regional shares, competitors with an automotive halogen bulbs market share, detailed automotive halogen bulbs market segments, market trends and opportunities, and any further data you may need to thrive in the automotive halogen bulbs industry. This automotive halogen bulbs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automotive light bulb that uses LED technology as its light source rather than halogen filaments, which transforms electrical energy into a single hue of light that are used in sidelights, fog lights, brake lights, indicators, number plates, and others. The main vehicle types of automotive light-emitting diode bulbs are passenger cars, light commercial vehicles, and heavy commercial vehicles. Light commercial vehicles are vehicles that are less than or equal to 3.5 tonnes of gross vehicle mass and are designed to transport goods or specialized equipment. Utility vehicles, panel vans, cab chassis vehicles, and goods vans are examples of light commercial vehicles. The automotive light-emitting diode bulb is used in front adaptive lighting, rear adaptive lighting, and ambient adaptive lighting that are distributed through OEM and aftermarket sales channels. The global automotive light emitting diode (LED) bulbs market is segmented - 1) By Vehicle Type: Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle(HCV) 2)By Adaptive Lighting: Front Adaptive Lighting, Rear Adaptive Lighting, Ambient Adaptive Lighting 3) By Sales Channel: OEM, Aftermarket The global automotive light emitting diode (LED) bulbs market size will grow from $8.81 billion in 2022 to $9.32 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive light emitting diode (LED) bulbs is expected to grow to $14.51 billion in 2027 at a CAGR of 11.7%. Technological advancements in automotive light emitting diode (LED) technology are expected to drive automotive light emitting diode (LED) bulbs market growth. Some of the new technologies include µAFS LED headlights, bend lighting headlamps, and flexible OLED for vehicle lighting. For example, in January 2022, Magnachip Semiconductor Corporation, a Luxembourg-based designer and manufacturer of analog and mixed-signal semiconductor platform solutions, introduced its organic light-emitting diode display integrated circuit (OLED DDIC) to offer next generation OLED DDIC for automotive displays. The OLED DDIC is produced for automotive based on the 40 nm processs technology that are designed for center stack displays and instrument cluster displays to offer wide range of resolutions including FHD suited for both rigid and flexible OLED displays. Additioinally this next generation DDIC is made as an “all-in-one solution,” which means that source drivers, gate drivers and timing controllers are integrated on a single chip which reduces the production cost.Thus, increasing technology adoption is expected to drive the demand for advanced growth of the automotive light emitting diode (LED) bulbs market products going forward. Major players in the automotive light emitting diode (LED) bulbs market are SG Automotive, Hella, KOITO, Magneti Marelli, OSRAM, Valeo, Stanley Electric Co. Ltd., Varroc, Koninklijke Philips N.V., Magneti Marelli, and Koito Manufacturing. The high cost of advanced LED lights has been a major challenge for the automotive light emitting diode (LED) bulbs market. As the efficiency and longevity of the LED bulbs is improving, manufacturing costs are rising due to fewer volume sales. Automotive LED lights are more expensive than halogen bulbs used traditionally in automobiles which is restraining automotive light emitting diode (LED) bulbs market growth. In 2020, the cost of an LED lighting bulb was $5/km at the package level (luminaires cost $20-$100/km) whereas the cost of advanced LED lighting, OLED costs around $300-$500/km at the panel level. With increasing awareness about global warming and carbon emissions, customers are increasingly using Organic LED, whose emitting panels are made of organic material. They can also be color tuned and are used to make light panels. For instance, car manufacturers BMW and Audi are using OLED taillights due to their flexibility, efficiency, and homogeneity. In October 2022, Plastic Omnium, a France-based company operating in headlights and signal lighting acquired Varroc Engineering Limited for an undisclosed amount. Through this acquisition, Plastic Omnium aims to strengthen its lighting product portfolio. Varroc Engineering Limited India-based automotive component manufacturer and supplier. Asia-Pacific was the largest region in the automotive light emitting diode bulbs market in 2022. North America was the second-largest region in the automotive light emitting diode (LED) bulbs market share. The regions covered in the global automotive light emitting diode (LED) bulbs market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive light emitting diode (LED) bulbs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The automotive light emitting diode (LED) bulbs market consists of sales of dual in-line package (DIP) LEDs, surface mounted diode (SMD), LEDs and chip on board (COB) LEDs. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The automotive light emitting diode (LED) bulbs market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified automotive light emitting diode (LED) bulbs market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the automotive light emitting diode (LED) bulbs market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive light emitting diode (LED) bulbs market research report is one of a series of new reports from The Business Research Company that provides automotive light emitting diode bulb manufacturing market statistics, including automotive light emitting diode bulb manufacturing industry global market size, regional shares, competitors with an automotive light emitting diode bulb manufacturing market share, detailed automotive light emitting diode bulb manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the automotive light emitting diode (LED) bulbs market. This automotive light emitting diode (LED) bulbs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

High-intensity discharge light bulbs and lamps are a family of gas-discharge arc lamps that create light by sending an electrical discharge between two electrodes and through plasma, or ionized gas. The main product types of high-intensity discharge (HID) bulbs are metal halide light, high-pressure sodium light, xenon arc light, and others. A metal halide lamp is an electrical lamp that generates light through an electric arc using a gaseous mixture of vaporized mercury and metal halides (compounds of metals with bromine or iodine). The products are operated in online and offline modes and are distributed through OEM and aftermarket channels. The various applications include industrial, agriculture, medical, and others. The global high intensity discharge (HID) bulbs market is segmented - 1) By Product Type: Metal Halide Light, High-Pressure Sodium Light, Xenon Arc Light, Other Product Types 2) By Application: Industrial, Agriculture, Medical, Other Applications 3) By Distribution Channel: OEM, Aftermarket 4) By Mode: Online, Offline The global high intensity discharge (HID) bulbs market size will grow from $3.99 billion in 2022 to $3.5 billion in 2023 at a compound annual growth rate (CAGR) of -12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of theglobal high intensity discharge (HID) bulbs market size is expected to grow to $1.9 billion in 2027 at a CAGR of -14.2%. Rising demand for bulbs with high luminaire value is driving the high-intensity discharge bulb market. High-intensity discharge bulb (HID) headlamps provide high-intensity light on the road than the traditional halogen headlamps. HID headlamps provide cool white color at a temperature of 4,500 Kelvin compared to yellowish halogen headlamps at 3,200 Kelvin. Furthermore, HID lamps illuminate a larger area compared to halogen headlights. Major players in the high intensity discharge (HID) bulbs market are Acuity Brands Lighting Inc., Lithonia Lighting, Bulbrite Industries Inc., Contrac Lighting, Crompton Greaves Ltd., EYE Lighting International of North America Inc., Feit Electric Company, General Electric Company, Halonix Limited, and Havells India Limited. Stringent energy efficiency standards and regulations imposed on the HID lamps are acting as a restraint on the market. The category of HID bulbs like metal halides is subjected to tighter regulatory standards. For instance, the U.S. Department of Energy (DOE) issued new energy efficiency standards for metal halide luminaries and tightened the standards by expanding the coverage from low-wattage (50-149W) to high-wattage (501-1000W) luminaires. These strict regulations are impacting the growth of the HID bulbs market. HID bulbs manufacturing companies are focusing on introducing new technologically advanced products into the market. In addition to design, manufacturers are also focusing on energy efficiency by investing in in-house R&D and forming strategic partnerships. Manufacturers are focusing on producing HID lamps with limited light pollution compared to LED and metal halide and improved life. Asia Pacific was the largest region in the high intensity discharge (HID) bulbs market share in 2022. The regions covered in the high intensity discharge (HID) bulbs market report analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the high intensity discharge (HID) bulbs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The high-intensity discharge (HID) bulbs market consists of sales of metal halide light, high-pressure sodium light, xenon arc light, and other high-intensity discharge (HID) bulbs. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The high-intensity discharge (HID) bulbs market research report is one of a series of new reports from The Business Research Company that provides high-intensity discharge (HID) bulbs market statistics, including high-intensity discharge (HID) bulbs industry global market size, regional shares, competitors with a high-intensity discharge (HID) bulbs market share, detailed high-intensity discharge (HID) bulbs market segments, market trends and opportunities, and any further data you may need to thrive in the high-intensity discharge (HID) bulbs industry. This high-intensity discharge (HID) bulb market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Smart lighting is defined as lighting technology for smart homes connected to the internet. The use of sensors for instances like automatic light dimming or adjusting the brightness of light depending on the mood of the user are some of the features of smart lighting. A smart lighting system ensures high-cost savings and lower energy usage. The smart lighting is of different types such as smart bulbs, fixtures and lighting controls and provide light through various sources such as LED, HID and other light sources. Smart bulbs are controlled using an app or smartphone to turn on and off. Smart lighting use two types of communication technology such as wired and wireless and applied across commercial, governmental, residential and other areas. The global smart lighting market is segmented - 1) By Product: Smart Bulbs, Fixtures, Lighting Controls 2) By Application: Commercial, Government, Residential, Other Applications 3) By Light Source: LED, HID, Other Light Sources 4) By Communication Technology: Wired, Wireless The global smart lighting market size will grow from $13.15 billion in 2022 to $15.55 billion in 2023 at a compound annual growth rate (CAGR) of 18.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global smart lighting is expected to grow to $31.77 billion in 2027 at a CAGR of 19.6%. Government support in developed and developing economies drive the growth of the smart lighting market. The growth of the smart lighting market in emerging markets is reinforced by the increase in disposable incomes, regulatory support in using energy-efficient lights, and the incorporation of advanced technologies. A smart lighting system confirms high-cost savings and lower energy consumption. For instance, in January 2020, according to a press release issued by Government of India, Ministry of Power, as part of the UJALA initiative, Street Lighting National Programme (SLNP) intends to replace 1.34 crore conventional streetlights in India with smart LEDs by March 2020. This ambitious target will make a significant difference, allowing for a peak demand reduction of around 1500 MW, yearly energy savings of 9 billion kWh, and a decrease in CO2 emissions of 6.2 million tonnes per year. Therefore, supportive government plans increase the demand for smart lights thus propelling the market for smart lighting. Major players in the smart lighting market are Koninklijke Philips NV, Cree Inc., General Electric Company, Acuity Brands Inc., Cisco Systems Inc., Eaton, Deco Lighting, Dialight, Honeywell Inc., and Osram Licht AG. The harmful effects of smart lights such as LEDs on health restricts the growth of smart lighting market. Smart lights such as LEDs uses shortwave light, often called “cool” in colour. The prolonged continuous exposure to this light may damage the vision of a person. For instance, in August 2021, according to an article published by Ultralase, a UK-based healthcare company, LED lights are 'phototoxic,' which means they can cause irreversible retinal cell loss and impaired vision clarity. Chronic exposure to LED lights can hasten the ageing of retinal tissue, resulting in a loss of visual acuity and an increased risk of eye illnesses such age-related macular degeneration (AMD). The use of Li-fi (Light Fidelity) network is the latest trend in the general lighting market. 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. The common household LED light bulbs are used to enable data transfer with speeds up to 224 gigabits per second. Keeping up with the trend, in 2020, Light Rider Inc., a quantum Li-Fi company announced the launch of two quantum encryption products called the Light Rider LT and Light Rider Quantum. The company is the first to combine Li-Fi, a wireless communication technology that utilizes light to transmit data between devices, and quantum technology. In March 2020, Signify, headquartered in the Netherlands and specializing in LED lighting systems and services, acquired Cooper Lighting for a deal amount of $1.4 billion on a cash-free and debt-free basis. With increased innovation power and more competitive offerings, the transaction strengthens Signify's market positions in North America.Signify will focus on integrating Cooper Lighting and delivering synergies. Cooper Lighting is headquartered in the United States and specialises in professional lighting, lighting controls, and connected lighting. North America was the largest region in the smart lighting market in 2022. Western Europe was the second-largest region in the global smart lighting market share. The regions covered in the global smart lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart lighting market consists of sales of smart bulbs, smart light fixtures, smart lighting controls, and other smart lighting. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart lighting market research report is one of a series of new reports from The Business Research Company that provides smart lighting market statistics, including smart lighting industry global market size, regional shares, competitors with a smart lighting market share, detailed smart lighting market segments, market trends and opportunities, and any further data you may need to thrive in the smart lighting industry. This smart lighting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A smart bulb is an internet-enabled LED light bulb that allows the lighting to be personalized, programmed, and regulated. Smart LED bulbs are used in indoor and outdoor lighting. The technologies used in smart LED bulbs are wired technology and wireless technology. Wired technology smart LED bulbs are connected through wires. It is applied in both indoor lighting, and outdoor lighting and installed as a new installation and retrofit. The global smart LED bulbs market is segmented - 1) By Technology: Wired Technology, Wireless Technology 2) By Application: Indoor Lighting, Outdoor Lighting 3) By Installation Type: New Installation, Retrofit The global smart led bulbs market size will grow from $11.08 billion in 2022 to $13.81 billion in 2023 at a compound annual growth rate (CAGR) of 24.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global smart led bulbs is expected to grow to $29.42 billion in 2027 at a CAGR of 20.8%. The development of smart cities is a key factor driving the growth of the smart LED bulb market. The lighting of smart cities will play a major role in future growth and the future of street lighting systems in smart cities will be LED lighting networks. With the rise of smart cities, the lighting controls industry will be driven as countries will witness a revolution in the areas of light management. For instance, in March 2021, according to the Indian Brand Equity Foundation (IBEF) report, an India-based government agency for providing economic information, the government of India announced an investment of $ 28.31 billion for the "Smart City Mission" in 2020 additionally, by 2020, 176,059 crores (US$ 24.31 billion), or 86% of the total, will have been offered to complete projects. Therefore, the development of smart cities is expected to drive the smart LED bulb market growth. Major players in the smart LED bulbs market are Legrand S.A., Acuity Brands Inc., Eaton Corporation, General Electric Company, OSRAM Licht, Honeywell International Inc., Hubbell Incorporated, Koninklijke Philips N.V., Cree Inc., and Lutron Electronics. The higher cost of installation of smart LED bulbs is a key factor hampering the growth of the smart LED bulbs market. The initial cost of integrating or replacing the lighting system in industrial installations is high, especially for small and medium-sized industries. Popular brands of smart LED bulbs such as Philips Hue and LIFX can at times charge as much as $60 per bulb, depending on factors such as form, size, and whether they can produce different colors or simply varying shades of white. Therefore, the higher cost of installation is expected to limit the smart LED bulbs market growth. Wi-Fi-enabled LED bulbs are a key trend in the smart LED bulbs market. Wi-Fi-enabled LED bulbs connect to the home router and therefore, do not need a network that cuts down on clutter and problems. Wi-Fi-capable lights can be operated easily through the brand-connected application. They can also be used with smart assistants, like Alexa and Google, to monitor the lights. Lifx is one of the upcoming players for Wi-Fi LED lights, the brand is widely seen as Philips' top competitor, leading the way in new, intelligent lighting. Although Lifx lights are more expensive than the products of Philips, they burn brighter, last longer, and give off infrared light in the dark, making them suitable for outdoor and porch fixtures near security cameras. In March 2021, SMART Global Holdings, Inc., a US-based company operating in LED lighting solutions acquired Cree, Inc. for a deal of $300 million. Through this acquisition, SMART Global Holdings, Inc. aims to expand its diversification strategy in the LED lighting market. Cree, Inc. is a US-based LED product manufacturer. Asia-Pacific was the largest region in the smart LED bulbs market in 2022. Western Europe was the second-largest region in the global smart LED bulbs market share. The regions covered in the global smart LED bulbs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart LED bulbs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The smart LED bulbs market consists of sales of wired smart LED bulbs and wireless smart LED bulbs. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart LED bulbs market research report is one of a series of new reports from The Business Research Company that provides smart LED bulbs market statistics, including smart LED bulbs industry global market size, regional shares, competitors with a smart LED bulbs market share, detailed smart LED bulbs market segments, market trends and opportunities, and any further data you may need to thrive in the smart LED bulbs industry. This smart LED bulb market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Electrical equipment produces products that generate, distribute and use electrical power. Electrical equipment's primary function is to accomplish work by converting electrical energy and controlling electrical energy, including protecting systems, property, and people. The main types of electrical equipment are electric lighting equipment, household appliances, power generation, transmission, and control equipment, batteries and wires, and cables. Home appliances are electrical machines that aid in household functions such as cooking, cleaning, and food storage. The equipment is operated through online and offline modes. The various sales channels include OEM and aftermarket that are used by B2B and B2C end users. The global electrical equipment market is segmented – 1) By Type: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables 2) By End-Use: B2B, B2C 3) By Sales Channel: OEM, Aftermarket 4) By Mode: Online, Offline Subsegments Covered: General Lighting, Automotive Lighting, Back Lighting, Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator And Home Freezer, Household Laundry Equipment, Other Major Household Appliance, Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls, Secondary Batteries, Primary Batteries, Other Cables, Coaxial Cables, Fiber Optical Cable The global electrical equipment market size grew from $1503.21 billion in 2022 to $1630.86 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of electrical equipment is expected to grow to $2190.31 billion in 2027 at a CAGR of 7.7%. The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electronic equipment. Technological development is a key to attracting both consumers and business users for either replacing or upgrading the older products with advanced versions. Digital technologies such as the internet of things (IoT) and the latest communication technologies such as 5G are expected to aid in the development of innovative electronic products. This is expected to increase the demand for electronic products which will ultimately drive the growth of the electronic equipment manufacturing market during the forecast period. Major companies in the electrical equipment market include Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., Siemens AG, LG Electronics, Sumitomo Electric Industries Ltd., Panasonic Corporation, Schneider Electric SE, Qingdao Haier Co. Ltd., Daikin Industries Ltd., and Whirlpool Corp. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the electrical equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak hurt businesses throughout 2020 and into 2021. However, it is expected that the electrical equipment industry will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. The increasing use of portable electronic devices such as smartphones and tablets has led to the development of USB receptacles. USB receptacles offer convenient access to charge any kind of electronic device. The use of USB receptacles also eliminates the need to carry charging adapters. For example, EATON manufactures USB receptacles that have tamper-resistant shutters and LED indicator lights and can be used to charge electronic devices such as tablets, mobile phones, cameras, and MP3 players. For instance, some of the major companies manufacturing USB receptacles include Eaton, GE, and Philips. Asia-Pacific was the largest region in the electrical equipment market in 2022. Western Europe was the second largest region in the electrical equipment market share. Africa was the smallest region in the global electrical equipment market analysis report. The regions covered in the electrical equipment industry overview report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the global electrical equipment market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The electrical equipment and component market consists of sales of power converters (i.e., AC to DC and DC to AC), power supplies, surge suppressors, and other general electrical equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electrical equipment market research report is one of a series of new reports from The Business Research Company that provides electrical equipment market statistics, including electrical equipment industry global market size, regional shares, competitors with an electrical equipment market share, detailed electrical equipment market segments, market trends and opportunities, and any further data you may need to thrive in the electrical equipment industry. This electrical equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The electrical lighting equipment produces light for the electrical products. These are used for various household and other applications. The main types of electrical lighting equipment are general lighting, automotive lighting, and backlighting. Automotive lighting consists of lighting and signalling devices mounted on the front, rear, sides, and, in some cases, the top of the vehicle, and it illuminates the roadway for the driver. The lighting system also improves visibility, especially in low-light conditions. It alerts other drivers and pedestrians to the presence and direction of a vehicle. The equipment is operated through online and offline modes. The various sales channels include OEM and aftermarket that are used for residential, commercial, automotive, and other applications. The global electrical lighting equipment market is segmented - 1) By Type: General Lighting, Automotive Lighting, Back Lighting 2) By Application: Residential, Commercial, Automotive, Other Applications 3) By Sales Channel: OEM, Aftermarket 4) 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). The global electrical lighting equipment market size grew from $112.99 billion in 2022 to $121.23 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electrical lighting equipment market is expected to grow to $156.12 billion in 2027 at a CAGR of 6.5%. Major companies in the electrical lighting equipment market include Stanley Electric Co Ltd., Panasonic Corporation, Robert Bosch GmbH, Eaton Corporation plc, Acuity Brands Inc., OSRAM GmbH, Alstom SA, Toshiba Corporation, Hubbell Incorporated and LG Electronics. Major lighting companies are integrating lighting fixtures with IoT technology to enable remote user control and for controlling lighting in offices, work environment, and city infrastructure. IoT technology is widely being used in homes and workplaces 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, in July 2021, Nokia Smart Lighting, a suite of IoT-powered lighting and electrical control products, has been announced by Smart labs, a pioneer in smart lighting and electrical control. Asia-Pacific was the largest region in the electrical lighting equipment market in 2022. North America was the second largest region in the electrical lighting equipment market. The regions covered in the electrical lighting equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electrical lighting equipment market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The electrical lighting equipment market consists of sales of electric lighting fixtures, lamp shades, general indoor lighting equipment, lighting fixtures, and other electrical lighting equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electrical lighting equipment market research report is one of a series of new reports from The Business Research Company that provides electrical lighting equipment market statistics, including electrical lighting equipment industry global market size, regional shares, competitors with an electrical lighting equipment market share, detailed electrical lighting equipment market segments, market trends and opportunities, and any further data you may need to thrive in the electrical lighting equipment industry. This electrical lighting equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Automotive lighting is defined as lighting and signalling devices that are mounted on the front, rear, sides, and in some cases on the top of a motor vehicle that makes the vehicle more visible especially in low light conditions. The main technologies of automotive lighting are Halogen, Xenon/HID (high-intensity discharge lamp), and LED (light-emitting diode). A halogen is a chemical substance that reacts with metal to form a salt. Halogen lamps are lit by bulbs containing a halogen and an inert gas. The technologies are used in passenger vehicles and commercial vehicles for front/headlamps, rear lighting, side, and interior lighting. The global automotive lighting market is segmented - 1) By Vehicle Type: Passenger Vehicle, Commercial Vehicle 2) By Technology: Halogen, Xenon/HID (High-intensity Discharge Lamp), LED (Light Emitting Diode) 3) By Application: Front/Headlamps, Rear Lighting, Side, Interior Lighting The global automotive lighting market size will grow from $24.37 billion in 2022 to $26.43 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive lighting is expected to grow to $35.46 billion in 2027 at a CAGR of 7.6%. During the forecast period, a growing emphasis on road safety will contribute to the growth of the automotive lighting market. The demand for safety features along with the adaptive lighting system has increased due to an increase in the number of road accidents worldwide. For instance, in June 2022, according to The Institute for Health Metrics and Evaluation, a US-based foundation, improving measures for road safety could save half a million lives every year. Wearing helmets, following traffic rules such as speed limits, avoiding drunk-and driving could save 3.47k and 5.40k lives every year.. These factors are leading to the growth in demand for adaptive and better lighting systems in vehicles and will thereby drive growth of the automotive lighting market. Major players in the automotive lighting market are Hella, Koito Manufacturing Co. Ltd., Osram Licht AG, Koninklijke Philips N.V., Magnetti Marelli, Grupo Antolin, Flex Automotive GmbH, Lumax Industries Limited, Valeo Lighting Systems, and Bosch Lighting Technology During the forecast period, the rapid increase in the number of LED modules in automobile lighting brings in new requirements for system hardware for the automotive lighting market. The reduced component size to fit additional electronics in the same space to improve energy efficiency and performance within the same or lower thermal budget is posing to be a significant challenge for the manufacturers. The main challenge arises while installing the connected supporting and flexible architectures that enable multiple configurations as well as accurate control to preserve LED light characteristics. Thus, the sudden demand for LED modules in automobile lighting is expected to restrain the market. Companies in the automotive lighting market are investing heavily to develop fog-free lamps. This automotive lighting resolves fog issues and also fulfils requirements such as temperature, humidity, and vibration that were challenging earlier. For instance, Hyundai Mobis announced that it has succeeded in developing new materials that can technically resolve fog issues. The company partnered with Initz (SK Chemical's subsidiary) in developing new material using various additives to plastic that does not emit gases. It also developed a material that reduces the weight of the lamp by 20%. The development of fog-free lamps will contribute to the growth of the market. In July 2022, Plastic Omnium, a France-based manufacturer of plastics acquired ams OSRAM. Through this acquisition, Plastic Omnium strengthens its capabilities in automotive lighting and expands its business. ams OSRAM is an Austria-based company operating in automotive lighting.. Asia-Pacific was the largest region in the automotive lighting market in 2022. North America was the second-largest region in the automotive lighting market share. The regions covered in the global automotive lighting market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The automotive lighting market consists of sales of automotive halogen short-arc lights, automotive halogen long-arc lights, automotive halogen flashlights, automotive LED sidelights, automotive LED fog lights, automotive LED brake lights, automotive LED indicators, automotive LED number plates, automotive metal halide light, automotive high-pressure sodium light, automotive xenon arc light, and other automotive lighting. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive lighting market research report is one of a series of new reports from The Business Research Company that provides automotive lighting market statistics, including automotive lighting industry global market size, regional shares, competitors with an automotive lighting market share, detailed automotive lighting market segments, market trends and opportunities, and any further data you may need to thrive in the automotive lighting industry. This automotive lighting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.