Light Towers Global Market Report 2023 – By Product (Stationary, Mobile), By Fuel Type (Solar or Hybrid, Diesel, Direct Power), By Technology (Manual lifting, Hydraulic lifting), By Lighting (Metal Halide, LED, Electric), By End User (Oil and Gas, Mining, Construction, Events and Sports) – Market Size, Trends, And Global Forecast 2023-2032

The light control switches are used to turn the lights ON and OFF. The primary use of light control switches is to reduce energy costs, improve sustainability and provide flexibility to meet user visual needs. Users can control and manage their light control switches and devices using hardware and software technologies. The main types of light control switches are switches and dimmers. The dimmer light control switches are used for controlling the brightness of connected light fixtures. Light dimmers change the voltage waveform applied to the lamp in order to increase or decrease the intensity of the light output. The different switch solutions include standalone switch solutions and integrated switch solutions. The various light sources are incandescent, fluorescent, high-intensity discharge, light-emitting diode, and compact fluorescent lamp (CFL) which are used in numerous applications such as residential, commercial, industrial, highways & roadways lighting, architectural lighting, and lighting for public places, others. The global light control switches market is segmented - 1) By Product Type: Switches, Dimmer 2) By Switch Solution: Standalone Switch Solution, Integrated Switch Solution 3) By Light Source: Incandescent, Fluorescent, High-Intensity Discharge, Light Emitting Diode, Compact Fluorescent Lamp (CFL) 4) By Application: Residential, Commercial, Industrial, Highways And Roadways Lighting, Architectural Lighting, Lighting For Public Places, Other Applications The global light control switches market size grew from $6.43 billion in 2022 to $7.24 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. 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 global light control switches is expected to grow to $10.59 billion in 2027 at a CAGR of 10.0%. Increasing usage of LEDs and other lamps is expected to propel the growth of the light control switches market going forward. The light-emitting diode (LED) is the most energy-efficient and rapidly-developing lighting technology. Quality LED light bulbs to offer better light quality, last longer, and are more durable. The lighting control switches are added to LEDs and other lamps to aid in reducing electricity wastage while simultaneously encouraging energy efficiency. For instance, according to Warehouse-Lighting.com, a US-based manufacturer of lighting products, by 2030, the LEDs are expected to make up 87% of the source of lighting. Therefore, an increase in the usage of LEDs and other lamps will promote the growth of the light control switches market. Major players in the light control switches market are Acuity Brands Inc., Honeywell International Inc., General Electric Company, Leviton Manufacturing Company Inc., Lutron Electronics, Panasonic Holdings Corporation, Schneider Electric SE, Signify N.V., Havells India Ltd., Hubbell Inc., Cooper Industries, Daintree Networks Inc., LightwaveRF PLC , Synapse Wireless Inc., and Rockwell Automation Inc. Technological advancements have emerged as a key trend gaining popularity in the light control switches market. Major players in the market are adopting advanced technologies to launch efficient products in the market. For instance, in May 2021, Orro, a US-based company operating in smart living systems, introduced a new control switch with Alexa capability built into the unit. New Orro Switches are integrated with built-in Alexa’s ESP (Echo Spatial Perception) ensures that the switch closest to the person speaking responds and provides the smart light control, integrated control of other devices, and built-in voice control all from a single device and also provides checking the weather or news, setting timers and reminders. In March 2020, Signify N.V, a Netherlands-based company operating in light control switches acquired Cooper Lighting Solutions from Eaton for a deal amount of $1.4 billion. Signify expects to be able to promote innovation and advancement in connected lighting and systems as a result of the acquisition, resulting in considerable value for clients. Signify's position in the lucrative North American lighting industry would also be strengthened. Cooper Lighting Solutions is a US-based manufacturer of commercial lighting fixtures and systems, as well as lighting control switches. Asia-Pacific was the largest region in the light control switches market in 2022. The regions covered in the light control switches market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the light control switches market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The light control switches market consists of sales toggle switches, occupancy sensors, timer switches, dimmers, light sensors and hotel keycard switches. 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 light control switches market research report is one of a series of new reports from The Business Research Company that provides light control switches market statistics, including light control switches industry global market size, regional shares, competitors with a light control switches market share, detailed light control switches market segments, market trends and opportunities, and any further data you may need to thrive in the light control switches industry. This light control switches 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.

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.

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 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 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 market size of global general lighting 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. 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. 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. 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 share. The regions covered in the global general 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 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 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.

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 light commercial vehicle often known as an "LCV" is any passenger automobile or goods truck with a gross vehicle weight of more than 7,500 kilograms and includes tractors, trailers and others. The main types in the light commercial market are passenger vans, cargo vans, pickup trucks, light trucks, minibusses, and other types. Trucks carrying the highest gross vehicle weight of 3.5 metric tonnes and above 15 metric tonnes could be classified as light commercial vehicles (LCVs). The various fuel types are electric, diesel, and gasoline. The various tonnage capacities include less than 2.5 tons, 2.5 to 3.5 tons, and more than 3.5 tons. The global light commercial vehicle market is segmented – 1) By Vehicle Type: Passenger Van, Cargo Van, Pickup Trucks, Light Trucks, Mini Buses, Other Vehicle Types 2) By Fuel: Electric, Diesel, Gasoline 3) By Tonnage Capacity Type: Less Than 2.5 Tons, 2.5 To 3.5 Tons, More Than 3.5 Tons The global light commercial vehicle market size will grow from $568.17 billion in 2022 to $639.87 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. 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 global light commercial vehicle is expected to grow to $1,001.35 billion in 2027 at a CAGR of 11.8%. The increase in online shopping is expected to drive the light commercial vehicle market. As urbanisation has increased, it has created new retail and e-commerce platforms that require efficient logistics, which could be fulfilled by light commercial vehicles (LCV). Moreover, the current pandemic situation has impacted online shopping owing to health concerns. According to Adobe Analytics, consumers in the USA spent $2.2 billion on November 2nd, 2020, a 31% increase in year-over-year growth, and another $2.0 billion on November 3rd, 2020, which was a 27% year-over-year increase. Thus, increased demand for goods through e-commerce is pushing the use of LCVs in logistics, paving the way for the growth of the light commercial vehicle market. Major players in the light commercial vehicle market are Daimler, Ford, Renault, Volkswagen, Ashok Leyland, Tata Motors, SML Isuzu Limited, Toyota Motor, Groupe PSA, and Nissan. The stringent emission norms imposed by the government-related CO2 emissions are expected to be a major challenge for the light commercial vehicle market. In the European Union (EU), LCV CO2 emission targets were set at 175g/km. The EU imposed stricter CO2 emission standards on passenger cars and LCVs, which came into force in January 2020. According to the new regulation standards (Regulation (EU) No 2019/631), the average CO2 emission target is 147 grammes of CO2 per kilometer. The new regulations focus on reducing average CO2 emissions by 31% for LCVs by 2030 as compared to 2021. The commission will impose an excess emission premium on the manufacturer of $112.15 (€95) for each g/km that is exceeded for all registered LCV if the manufacturer exceeds a specific emissions target. The strict CO2 emission regulations impact manufacturing expenditure and limit the growth of the light commercial vehicle market. Skateboard architecture is increasingly being preferred by manufacturers for high efficiency and productivity in light commercial vehicles and is turning out to be a trend in the light commercial vehicle market. The skateboard architecture refers to an actual physical platform, which forms the floor of the vehicle and incorporates the battery. For instance, in February 2020, Hyundai partnered with Canoo, a Los Angeles-based company creating EVs, to jointly develop an electric vehicle (EV) platform. Hyundai and Kia’s scalable skateboard architecture will provide a simplified and standardised development process for their electrified vehicles, and this will help reduce costs. North America was the largest region in the light commercial vehicles market in 2022. Asia-Pacific was the second-largest region in the light commercial vehicle market share. The regions covered in the global light commercial vehicle market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the light commercial market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The light commercial vehicle market consists of sales of cars and vans. 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 light commercial vehicle market research report is one of a series of new reports from The Business Research Company that provides light commercial vehicle market statistics, including light commercial vehicle global market size, regional shares, competitors with a light commercial vehicle market share, detailed light commercial vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the light commercial vehicle industry. This light commercial vehicle 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 light emitting diode (LED) is a semiconductor device that emits light as an electrical current pass through it. LEDs are very small, consume less electric power, and can emit lights of different colours based on the semiconductor used in it. It is widely used in the backlighting of TV, mobile phones, automotive lighting, and display boards. The main product types of light-emitting diode are LED lamps and LED fixtures. A LED fixture has LEDs built right into the luminaire. The various technologies used in the products include basic LED, high brightness LED, OLED, polymer and ultraviolet LED that is used by residential, commercial and industrial end-users. The global light emitting diode (LED) market is segmented – 1) By Product Type: LED Lamps, LED fixtures 2) By Technology: Basic LED, High Brightness LED, OLED, Polymer, Ultra violet LED 3) By End-user: Residential, Commercial, Industrial The global light emitting diode (LED) market size will grow from $70.11 billion in 2022 to $78.23 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. 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 global light emitting diode is expected to grow to $110.73 billion in 2027 at a CAGR of 9.1%. The increased government focus on saving energy contributed to the growth of the light emitting diode (LED) market. LED lamps are more efficient in terms of energy consumption and provides high luminous intensity. LED consumes less power when compared to incandescent bulbs that reduces the load on electric power plants, which in turn reduces the amount of fuel being burnt to generate electricity. For instance, in January 2020, according to a press release published by Government of India, Ministry of Power, as part of the UJALA initiative, over 36.13 crore LED lights have been distributed across India. This has resulted in anticipated energy savings of 46.92 billion kWh per year, avoided peak demand of 9,394 MW, and a 38 million t CO2 reduction in yearly GHG emissions. Thus, the increased focus of government on saving energy positively drives the growth of LED market. Major players in the light emitting diode market are OSRAM Licht AG, Cree Inc., Phillips Lighting Holding, Lumiled holding B.V, Cooper Industries, Virtual Extension, Dialight PLC., Zumtobel Group AG, Samsung, Sharp Corporation, LG Innotek, and General Electric Company. The harmful effects of LEDs on human health restricts the growth of light emitting diode (LED) market. LEDs uses shortwave light and its prolonged exposure can 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). Production of LEDs specifically for horticulture is an emerging trend in the light emitting diode (LED) market. Light plays an important role in promoting the plant’s growth and LEDs have the capability to control the spectrum of the light provided to the plants irrespective of the season. The LED lights used in horticulture not only promotes growth of the fruits and plants but also enhances flavor, color and yields in a shorter time. For instance, in March 2022, Acuity Brands, a US-based lighting and building management firm, launched Verjure brand, a new LED horticulture lighting solution that promotes more consistent and sustainable crop production. The Verjure Pro Series LED has a unique rotational outer module feature that allows for good lighting uniformity on the canopy, and detachable lenses are simple to clean, allowing for full light output to be maintained. In May 2022, Google, a US-based technology company, acquired Raxium for an undisclosed amount. With the acquisition of Raxium, Google will be able to advance its objective of developing useful devices and services to better people's daily lives. Raxium is a US-based company that develops tiny light-emitting diodes for displays used in augmented and mixed reality devices. Asia-Pacific was the largest region in the light emitting diode market in 2022. North America was the second-largest region in the light emitting diode market share. The regions covered in the global light emitting diode market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the light emitting diode market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The light emitting diode (LED) market consists of sales of LED lamps and LED fixtures. 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 light emitting diode (LED) market research report is one of a series of new reports from The Business Research Company that provides light emitting diode (LED) market statistics, including light emitting diode (LED) market size, regional shares, competitors with a light emitting diode (LED) market share, detailed light emitting diode (LED) market segments, market trends and opportunities, and any further data you may need to thrive in the light emitting diode (LED) industry. This light emitting diode (LED) 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.

Electrical and electronics produce products that generate, distribute and use electrical power, or electronic products such as audio, video, and semiconductors. This market does not include computers, computer peripherals, and telecommunications equipment. The main types of electrical and electronics are electrical equipment, measuring and control instruments, and electronic products. Any apparatus, appliance, cable, conductor, fitting, insulator, material, meter, or wire that is used for controlling, generating, supplying, transforming, or transmitting electricity at a voltage greater than extra-low voltage or is powered by electricity at a voltage greater than extra-low voltage is considered as electrical equipment. 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 and electronics market is segmented - 1) By Type: Electrical Equipment, Measuring and Control Instruments, Electronic Products 2) By End-Use: B2B, B2C 3) By Sales Channel: OEM, Aftermarket 4) By Mode: Online, Offline Subsegments Covered: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables, Other Electrical Equipment, Electronic Products And Components, Navigational, Measuring, Electro medical And Control Instruments, Audio And Video Equipment, Semiconductor And Other Electronic Component The global electrical and electronics market size grew from $3454.94 billion in 2022 to $3739.37 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. 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 electrical and electronics is expected to grow to $4986.91 billion in 2027 at a CAGR of 7.5%. The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electrical and electronics products. 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 electrical and electronics market during the forecast period. Major companies in the electrical and electronics market include Samsung Electronics Co. Ltd., Siemens AG, LG Electronics, Taiwan Semiconductor Mfg. Co Ltd., Panasonic Corporation, Thermo Fisher Scientific, Apple, Haier Smart Home Co., Ltd., Schneider Electric SE, and SK Hynix Inc. Virtual reality technology is being adopted by electronic manufacturing companies to improve manufacturing efficiency. This technology in the electrical and electronics industry analysis is often referred to as digital design, simulation, and integration. Virtual reality minimizes the scope for product defects in the design phase. For instance, virtual reality technology enables companies to inspect design objects at all conceivable scales, thereby eliminating defects in the product in the design stage. For instance, some of the major companies adopting virtual reality include Integrated Microelectronics, Inc., Flextronics International Ltd., Benchmark Electronics, Inc., and Kimball International. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the electrical and electronics 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 and electronics 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. Asia-Pacific was the largest region in the global electrical and electronics market in 2022. North America was the second largest region in the electrical and electronics market share. The regions covered in the electrical and electronics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electrical and electronics 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 and electronics market consists of sales of photoresist and photoresist ancillaries, superconductors, photoelectric sensors, automotive dc-dc converters, surface inspection, temperature sensors, fingerprint sensors, quantum dot, touch screen controllers, torque sensors, pressure sensors, silicon photonics, automotive wiring harness and other electrical and electronics components. 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 and electronics market research report is one of a series of new reports from The Business Research Company that provides electrical and electronics market statistics, including electrical and electronics industry global market size, regional shares, competitors with an electrical and electronics market share, detailed electrical and electronics market segments, market trends and opportunities, and any further data you may need to thrive in the electrical and electronics industry. This electrical and electronics 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.