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 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. The global electric lighting equipment market 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 electric lighting equipment market is expected to grow to $156.12 billion in 2027 at a CAGR of 6.5%. 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 . Major companies in the electric 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. Asia-Pacific was the largest region in the electric lighting equipment market in 2022. North America was the second largest region in the electric lighting equipment market. The regions covered in the electric lighting equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electric 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 global electric 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)

General lighting, or ambient lighting, is defined as a lighting system used to illuminate indoor and outdoor areas with sufficient or natural brightness without any glare. They are cost-effective, use less energy, and beautify the ambiance. The main product types of general lighting are LED, CFL, LFL, HID, halogens, incandescent, and others. The incandescent light bulb generates light by heating a wire filament to a temperature that causes light to be produced. A translucent glass bulb, either filled with inert gas or evacuated, surrounds the metal wire (a vacuum). The various applications include general lighting, automotive lighting, backlighting, and others that are used by residential, commercial, outdoor, industrial, and other end-users. The general lighting market research report is one of a series of new reports from The Business Research Company that provides general lighting market statistics, including general lighting industry global market size, regional shares, competitors with a general lighting market share, detailed general lighting market segments, market trends and opportunities, and any further data you may need to thrive in the general lighting industry. This general 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. The global general lighting market size will grow from $87.74 billion in 2022 to $93.93 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. 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 general lighting market size is expected to grow to $119.85 billion in 2027 at a CAGR of 6.3%. The continuous increase in the rate of construction activities increases the demand for general lighting globally. Lighting equipment is required in office spaces and apartments 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. The general lighting market is restricted due to the harmful effects of LEDs (Light Emitting Diode) on human health. LEDs use shortwave light, often called “cool” in color. The prolonged continuous exposure to this light may be enough to damage a person. According to the French Agency for Food, Environmental and Occupational Health & Safety (ANSES), the blue lights which are being used in households, offices, headlights, torches, toys, and street lighting can damage the eye's retina while disturbing biological and sleep rhythms. Due to these harmful effects, the ANSES recommended manufacturers of lighting solutions for vehicles to limit the luminous intensity of vehicle headlights. The harmful effects of LEDs on health thereby restrict the growth of the 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. In 2020, Philips Lighting, a Netherland-based electrical provider, launched an Internet of Things (IoT) platform and connected lighting system. LEDs and sensors are used in LiFi technology to wirelessly transmit data to computers and tablets via light waves. In February 2022, GE Current, a US-based company operating in lighting acquired Hubbell C&I Lighting for an undisclosed amount. Through this acquisition, both companies enhance distribution footprint and digital tools to serve customer needs more quickly, efficiently, and easily. Hubbell C&I Lighting is a US-based company operating in general lighting. Major players in the general lighting market are Schneider Electric, Panasonic, Koninklijke Philips N.V., General Electric, Acuity Brands, Cree Inc., Eaton, Bridgelux, and Citizens Electronics. Asia-Pacific was the largest region in the general lighting market in 2022. North America was the second-largest region in the global general lighting market. The regions covered in the global general lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the general lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The general lighting market consists of sales of chandeliers, ceiling or wall-mounted fixtures, recessed or track lights, lanterns mounted, wall lighting, spotlights, post lanterns, recessed fixtures, hanging fixtures, and other general 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 global general lighting market is segmented - 1) By Product Type: LED, CFL, LFL, HID, Halogens, Incandescent, Other Products 2) By End User: Residential, Commercial, Outdoor, Industrial, Other End-Users 3) By Application: General Lighting, Automotive Lighting, Backlighting, Other Applications

The emergency lighting are designed to activate when a power outage creates low-visibility conditions. It allows the safe, rapid, and effective evacuation of places and buildings not only in the event of a power loss but even when the main lighting is still accessible. Emergency lighting lowers panic and saves lives by providing critical illumination and directing occupants to safe locations and safety equipment. The main types of emergency lighting are self-contained, central, and hybrid. Self-contained emergency lighting systems use devices with a built-in power supply, the power supply being a battery or accumulator recharged by exposure to light, and the solar unit being distinct from the lighting unit. The offerings of emergency lighting are hardware, software, and services that contain different battery types such as ni-cd, ni–mh, lifepo4, and lead-acid. The various end-users include residential, commercial, industrial, and other end users. The emergency lighting market research report is one of a series of new reports from The Business Research Company that provides emergency lighting market statistics, including emergency lighting industry global market size, regional shares, competitors with a emergency lighting market share, detailed emergency lighting market segments, market trends and opportunities, and any further data you may need to thrive in the emergency lighting industry. This emergency 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. The global emergency lighting market size grew from $5.82 billion in 2022 to $6.47 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. 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 emergency lighting market size is expected to grow to $8.89 billion in 2027 at a CAGR of 8.3%. The growth in the construction sector is expected to propel the growth of the emergency lighting market going forward. Emergency lighting is required on construction sites to ensure the safety of the construction workers because, construction sites often have construction materials, electrical switchboards, portable equipment, and other obstructions in the way of evacuation routes that obstruct quick evacuation during an emergency. For instance, according to the Indian Ministry of Statistics and Programme Implementation, in 2022, the construction sector is expected to grow in double digits at 10.7%. Therefore, growth in the construction sector is driving the growth of the emergency lighting market. Technological advancements are a key trend gaining popularity in the emergency lighting market. Major players in the market are focusing on developing technologically advanced products to lead the market. For instance, in March 2020, ABB Ltd., a Switzerland-based company that manufactures and sells electrification, industrial automation, and robotics launched the Naveo Pro system. This system allows customers to set up, maintain and fully control their entire emergency lighting installation with a new mobile app by providing a real-time overview of all systems, saving time, enabling better maintenance planning, and enhancing building safety by keeping a record of all activities safely in the cloud. In August 2021, Kohlberg & Company, a US-based private equity firm acquired Myers EPS from Graham Partners for an undisclosed amount. As part of the acquisition, Myers EPS will continue to be led by its management team, and Graham will retain a large ownership stake in the company. Myers EPS is a US-based designer and manufacturer of emergency lighting systems. Major players in the emergency lighting market are Acuity Brands Inc., Syska, Eaton Corporation PLC, Hubbell Lighting Inc., Legrand, Osram Licht AG, Philips Lighting Holding BV, Schneider Electric SE, Zumtobel Group, Daisalux, Emerson Electric Co., Larson Electronics LLC, ABB Ltd., Digital Lumens, and Cooper Industries. North America was the largest region in the emergency lighting market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the emergency lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the emergency lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The emergency lighting market consists of sales of central power supply systems, damp room trays, LED light strips, twin flood light. 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 global emergency lighting market is segmented - 1) By Power System: Self-Contained, Central, Hybrid 2) By Offering: Hardware, Software, Services 3) By Battery: Ni–Cd, Ni–MH, LiFePO4, Lead–Acid 4) By End-User: Residential, Commercial, Industrial, Other End-Users

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 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. The global smart lighting market 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 global smart lighting market 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. 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. 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. 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. 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 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 industrial and commercial LED lighting refer to LED lighting products used in factories, industries, and other commercial spaces. Industrial and commercial LED lighting offers high-quality lighting solutions that are needed for industrial and commercial. Certain industrial LED lighting bulbs offer four to forty times the life of traditional lighting solutions, resulting in significant cost savings. The main types of products in industrial and commercial LED lighting market are LED lamps and LED fixtures. The LED lamps refer to electric light that generates light using light-emitting diodes (LEDs). LED light bulbs have a longer useful life than some other light sources like incandescent and compact fluorescent lighting (CFL). The industrial and commercial LED lighting have two installation ways namely new installation and retrofit and are distributed through direct sales, online stores, specialty stores and other distribution channels. The industrial and commercial LED lighting are commonly used in retail, manufacturing, hospitality, warehouses and storage, office buildings and others. The industrial and commercial LED lighting market research report is one of a series of new reports from The Business Research Company that provides industrial and commercial LED lighting market statistics, including industrial and commercial LED lighting industry global market size, regional shares, competitors with an industrial and commercial LED lighting market share, detailed industrial and commercial LED lighting market segments, market trends and opportunities, and any further data you may need to thrive in the industrial and commercial LED lighting industry. This industrial and commercial LED 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. The global industrial and commercial led lighting market size grew from $43.62 billion in 2022 to $53.54 billion in 2023 at a compound annual growth rate (CAGR) of 22.7%. 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 industrial and commercial led lighting market size is expected to grow to $119.86 billion in 2027 at a CAGR of 22.3%. The increasing construction of new structures and remodeling of existing buildings are significantly driving the growth of the industrial and commercial LED lighting market. New constructions are increasing due to various reasons such as economic development, housing needs, industrial developments, and others. Remodeling of existing buildings is increasing due to replacement and safety needs as well as to improve upon existing ones. The construction of new structures and remodeling of existing buildings require new materials and products to be used in the structures including LED lighting. This will result in a significant demand for LED lighting in industrial and commercial structures. For instance, according to the new residential construction statistics by the US Census Bureau, and the US Department of Housing and Urban Development, in February 2022, privately-owned housing starts touched 1,769,000, which is 6.8% over the revised estimate of 1,657,000 in January. There was an increase of 22.3% in February 2022 compared to 1,447,000 housing starts in February 2021. Hence, the increasing construction of new structures and remodeling of existing buildings is expected to propel the growth of the industrial and commercial LED lighting market. Technological advancement is a key trend gaining popularity in the industrial and commercial LED lighting market. The key players in the industrial and commercial LED lighting market are focusing on developing technologically advanced products to strengthen their position in the market. Companies are developing and offering smart LED lights that are Wi-Fi-enabled and can be controlled through an external device via the mobile app. The smart LED lights offer safety, comfort, energy efficiency, and are cost-effective. They can be used in various applications such as home, commercial, and industrial settings. For instance, in August 2021, Signify, a Dutch multinational lighting corporation introduced a new range of Wiz smart light products that are highly superior. The new Wiz smart light range includes a new smart LED downlighter, T-Beamer, T-Bulb, and Batten. The new smart lights are Wi-Fi-enabled and thus do not need a specialized hub. They can also be controlled through the Wiz mobile app or voice assistants like Amazon Alexa and Google Assistant. These can be used in the home, commercial and industrial applications. In October 2020, Luminii, a US-based industrial specification-grade architectural LED lighting systems manufacturer acquired iLight Technologies, for an undisclosed amount. With this acquisition, Luminii expanded its product portfolio and aims to provide its customers with a wide range of options to choose from high-quality standard products. iLight Technologies is a US-based LED company that manufactures unique LED application technologies and extremely durable and flexible commercial illumination products. Major players in the industrial and commercial led lighting market are Deco Lighting, Dialight PLC., Eaton Corporation PLC., General Electric Company, Koninklijke Philips NV, Osram Licht AG, Toshiba Corporation, Syska, Zumtobel Group AG, Cree Inc., Cooper Industries PLC., Digital Lumens Inc., Sonaray LED Lighting and Hubbell Lighting. Asia-Pacific was the largest region in the industrial and commercial LED lighting market in 2022. The regions covered in the industrial and commercial LED lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the industrial and commercial LED lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The industrial and commercial LED market consists of sales of landscape lights, recessed lights, pendant lights, outdoor commercial lights, shoebox lights, LED wall-pack lights, LED warehouse, lighting, cleanroom luminaires, and task lights and lamps. 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 global industrial and commercial LED lighting market is segmented - 1) By Product Type: LED Lamps, LED Fixtures 2) By Installation: New Installation, Retrofit 3) By Distribution: Direct Sales, Online Stores, Specialty Stores, Other Distribution Channels 4) By Application: Retail, Manufacturing, Hospitality, Warehouses And Storage, Office Buildings, Other Applications

Specialty lighting refers to the lighting of certain shapes, bases, designs, and special built-in characteristics that accomplish different lighting tasks. Due to its size and functionality, specialty lighting is used where standard lighting is unsuitable. It is used in specific applications such as stage and studio, automotive or marine, medical or scientific, and water or air sanitizing lighting. The main types of specialty lighting include surgical and examination. Surgical specialty lighting is used in hospitals, medical offices, and surgical centers for major or minor surgeries. They are used in operating lights, operating room lights, surgical lamps, and surgical light heads. The different light sources include LEDs, incandescent lamps, and others that are used in entertainment, medical, purification, and other applications. The specialty lighting market research report is one of a series of new reports from The Business Research Company that provides specialty lighting market statistics, including specialty lighting industry global market size, regional shares, competitors with specialty lighting market share, detailed specialty lighting market segments, market trends and opportunities, and any further data you may need to thrive in the specialty lighting industry. This specialty 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. The global specialty lighting market size grew from $6.1 billion in 2022 to $6.73 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. 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 specialty lighting market size is expected to grow to $9.35 billion in 2027 at a CAGR of 8.5%. The increasing number of live music events and concerts is expected to propel the growth of the specialty lighting market going forward. Live music, events, and concerts can be referred to as public performances where music or dancing is usually done by individuals, several singers, instrumentalists, or both. Live music events and concerts use specialty lighting to illuminate the artists performing on stage, giving visual directions, conveying the location of performers, and providing a better environmental setting. For instance, according to Live Nation Entertainment Inc report 2022, a US-based entertainment company, in the second quarter of 2022, approximately 33.5 million people attended LiveNation shows which was 20% higher than 2019's 27 million. Additionally, LiveNation sold more than 100 million tickets in July 2022 as compared to 74 million in 2019 . Therefore, the increasing number of live events and concerts is driving the demand for the specialty lighting market. The adoption of the internet of things and smart lighting is a key trend gaining popularity in the specialty lighting market. Major market players are concentrating their efforts on implementing artificial intelligence (AI) and the internet of things (IoT) in specialty lights to aid users in several aspects that allow customization, scheduling, and remote control of light. For instance, in October 2020, Panasonic, a Japanese-based consumer electronics manufacturer, launched Wi-Fi-enabled smart led bulbs with automated scheduling functions and voice command features in India, enabling features such as user data security, auto-scheduling of lights, and multi-color options of lighting. The Panasonic Smart Wi-Fi app, which is freely accessible on the Google Play Store and App Store, may be used to control the new Smart Wi-Fi LED bulb. The experience of the product can be improved by using Google Assistant and Alexa's voice commands to connect to and operate the lightbulb. The Smart LED Bulb will eventually be a component of the linked ecosystem that is seamlessly integrated with Panasonic's MirAIe, an advanced IoT and AI-enabled connected living platform. The user data security features of this software are genuinely exceptional. In March 2020, Signify, a Netherlands-based lighting corporation engaged in manufacturing LED lighting systems, software, and services, acquired Cooper Lighting Solutions for an amount of $1.4 billion. The acquisition is aimed at strengthening Signify's position in the lighting market and growing in the North American region with increased innovative offerings. Cooper Lighting Solutions is a US-based lighting manufacturer operating in specialty lighting. Major players in the specialty lighting market are Advanced Specialty Lighting Inc., Brandon Medical Company, CREE (IDEAL INDUSTRIES INC.), Getinge AB, Herbert Waldmann GmbH & Co. KG, Integra Life Sciences Pvt. Ltd., Osram Licht AG, Signify N.V., Ushio America Inc., Xylem Inc., Halma PLC, Atlantic Ultraviolet Corporation, LG Electronics Inc., AU Optronics, InVisage Technologies, Nanoco Group PLC., Sony Group Corporation, Quantum Materials Corp, Samsung Electronics Co. Ltd., and StoreDot Ltd. North America was the largest region in the specialty lighting market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the specialty lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the specialty lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The specialty lighting market consists of sales of tape lights, microlights, LED boards, and RGB controllers. 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 global specialty lighting market is segmented - 1) By Medical Type: Surgical, Examination 2) By Light Source: LEDs, Incandescent Lamps 3) By Application: Entertainment, Medical, Purification, Other Applications

Decorative lighting is a type of lighting that helps to enhance the beauty of enclosed spaces, homes, and outdoor spaces. These lights help create a mood or highlight an object or an area in the room and offer illumination and additional ambiance to a particular area. The main types of decorative lighting are ceiling, wall-mounted and others. The wall-mounted decorative lighting refers to the lighting that fixtures balance overhead light sources and also adds that little something extra to round out the décor. The various sources of light in decorative lighting are light emitting diode (LED), fluorescent, incandescent, other light sources. The different distribution channels involved are offline and online channels. The decorative lighting is used by commercial and household end-users. The decorative lighting market research report is one of a series of new reports from The Business Research Company that provides decorative lighting market statistics, including decorative lighting industry global market size, regional shares, competitors with a decorative lighting market share, detailed decorative lighting market segments, market trends and opportunities, and any further data you may need to thrive in the decorative lighting industry. This decorative 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. The global decorative lighting market size grew from $37.92 billion in 2022 to $39.91 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. 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 decorative lighting market size is expected to grow to $48.43 billion in 2027 at a CAGR of 5.0%. The growing remodeling and renovation activities are expected to propel the growth of the decorative lighting market. The remodeling and renovation refer to the changing in the structure of the layout and restoring something to a good condition. The COVID-19 pandemic saw an increase in remodeling of enclosed spaces like bedrooms and kitchens, caused by consumers working from home and social distancing. Decorative lighting plays a key role in modern renovation activities, it helps with bringing interest to a particular object or an area in a room. Different shades and colors of fixtures and fittings enhance and vary the perception of size and space available. For instance, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, year-over-year gains in annual improvement and repair spending reached 9% in the fourth quarter of 2021 and will maintain that pace into 2022, with annual improvement and repair expenditures to reach $400 billion by the third quarter of 2022. Therefore, the growing remodeling and renovation activities will drive the decorative lighting market. Strategic partnerships are shaping the decorative lighting market. Companies in the manufacturing of decorative lighting products are undergoing partnerships to develop and provide better lighting solutions. For instance, in April 2021, Trilux, a company that manufactures and develops decorative lighting based in Germany partnered with Carl Stahl Group, a manufacturer of decorative lighting products based in Germany. Through this partnership, Trilux expanded its portfolio in the network of international cooperation partners and decorative lighting solutions for facades and also aimed to provide customers with customized DMX-controlled LED solutions in the future. In February 2022, Acuity Brands Inc., a US-based industrial technology company comprising an indoor decorative lighting portfolio extended its partnership with Microsoft, a US-based technology company. This partnership allows Acuity Brands Inc in bringing new capabilities to Acuity brands including smart lighting, lighting controls, and building automation solutions by combining the power of Microsoft’s Cloud for Sustainability and Microsoft Azure IoT. In November 2020, Aamsco Lighting, a US-based company providing lighting solutions globally, acquired Lightly Technologies for an undisclosed amount. With the acquisition, Lightly Technologies will have greater global accessibility and strategic marketing in the United States. Aamsco Lighting will also be able to offer unique, ultra-thin lighting designs using both OLEDs and LEDs edge-lit panels. Lightly Technologies is an Ireland-based company that specializes in Ultra-thin LED lighting technology for decorative, architectural, and automotive lighting. Major players in the decorative lighting market are Acuity Brands Lighting Inc., Bridgelux Inc., General Electric Co., Honeywell International Inc., OSRAM Light AG, Signify NV, AB Fagerhult, Ideal Industries Inc., Fagerhult Group Inc., Hubbell, Amerlux, Littmann, Havells, Savant Systems Inc., and Cree Lighting. North America was the largest region in the decorative lighting market in 2022. Asia- pacific is expected to be the fastest-growing region in the forecast period. The regions covered in decorative lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Decorative Lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The decorative lighting market consists of sales of chandelier, hall and foyer lights, pendant lights, track lights, recessed lights, rail lights, and cove lights. 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 global decorative lighting market is segmented - 1) By Product: Ceiling, Wall-Mounted, Other Products 2) By Light Source: Light Emitting Diode (LED), Fluroscent, Incandescent, Other Light Sources 3) By Distribution Channel: Offline, Online 4) By End Use: Commercial, Household

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 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 global electrical equipment market 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 electrical equipment market 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. 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 manufacturing market 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. 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. 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. Africa was the smallest region in the global electrical equipment market. The regions covered in the electrical equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the 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 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