Press Release

Lighting Market 2020 Size, Analysis, Share, Research, Business Growth and Forecast to 2026

The Report, titled “Lighting Market Size, Share and Industry Analysis, By Lighting Type (LEDs, CFLs, LFLs, HIDs, Halogens and Incandescent), By Application (General Lighting, Automotive Lighting, Backlighting, Others), by End User (Residential, Commercial and Industrial) and Regional Forecasts, 2019-2026”, The Global Lighting Market value in 2018 stood at USD 115.44 billion. in addition to this, it also contains a detailed analysis of the different factors and dynamics that will influence the market during the forecast period.

The global Lighting Market is set to reach USD 115.58 billion by 2026, exhibiting a CAGR of 4.4% during the forecast period

Having generated a revenue of USD 54.5 billion in 2018, Asia-Pacific is expected to continue its impressive performance in the global lighting market during the forecast period. The main reason for the region’s growth is the rapid urbanization in China and India where construction activities are being driven by a soaring demand for affordable housing.

Request a Sample Copy of the Global Market Research Report

To Gain More Insights into the Market with Detailed Table of Content and Figures, Click Here 

These countries are actively promoting the adoption of LED lighting to reduce carbon emissions. Huge investments in manufacturing are anticipated to drive the market in the Middle East and Africa, whereas moderate growth is expected in Latin America owing to lower level of economic development.

Asia-Pacific to Register the Best Growth Figures

Having generated a revenue of USD 54.5 billion in 2018, Asia-Pacific is expected to continue its impressive performance in the global lighting market during the forecast period. The main reason for the region’s growth is the rapid urbanization in China and India where construction activities are being driven by a soaring demand for affordable housing. These countries are actively promoting the adoption of LED lighting to reduce carbon emissions. Huge investments in manufacturing are anticipated to drive the market in the Middle East and Africa, whereas moderate growth is expected in Latin America owing to lower level of economic development.

Some of the leading companies Mentioned in the Global Lighting Market are –

  • Cree, Inc.
  • Panasonic Corporation
  • GE Lighting
  • LED Leader USA
  • OSRAM Licht AG
  • Koninklijke Philips N.V.
  • LEDtronics, Inc.
  • CITIZEN ELECTRONICS CO., LTD.
  • Havells India Ltd.

Market Segmentation Of Global Lighting Market –

1. By Type

  • Screw Chillers
  • Scroll Chillers
  • Centrifugal Chillers
  • Others

2. By Application

  • Chemicals & Petrochemicals
  • Food & Beverages
  • Plastics
  • Rubber
  • Medical and Others

3. By Geography

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
  • Latin America (Brazil, Mexico, and Rest of Latin America)

The most vital advantage of using LED lighting are its environmental benefits. For example, LED bulbs do not contain harmful mercury. Further, LED lights are extremely energy efficient, a claim that was authenticated in 2012 when the US saved close to USD 675 million, after installing around 49 million LED lights across the country. By 2030, the US aims to have 75% lighting through LEDs, which will result in reducing carbon emissions by 1800 million metric tons. This will result in higher adoption of LED technology in lighting and expand the global lighting market size during the forecast period

Increasing Innovation to Drive Market Competition

Key players in the global lighting market are increasingly focusing on developing innovative products and integrating different technologies to diversify their product offerings. For example, in January 2019, GE Lighting, under its C by GE Triples portfolio, launched its new color light bulbs integrated with Made for Google applications. This enables consumers to conveniently control their home or workplace lighting using one app which will be empowered by the Google Assistant AI. In July 2019, LEDtronics introduced their novel product, LED Rope Light, which is a more energy-efficient alternative to the conventional neon lights, making it ideal for commercial lighting.

Major Table of Contents :

1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Portable Generator Market Insights
5. Global Market Analysis, Insights and Forecast, 2015-2026
6. North America Market Analysis, Insights and Forecast, 2015-2026
7. Europe Market Analysis, Insights and Forecast, 2015-2026
8. Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
9. The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
10. Latin America Market Analysis, Insights and Forecast, 2015-2026
11. Competitive Landscape
12. Global Portable Generator Market Revenue Share Analysis, By Key Players, 2020
13. Company Profiles
14. Conclusion

View More Trending Reports:

Retail Cloud Market  2020 : Industry Outlook, Top Countries Data, Market Size, Driving Factors by Manufacturers, Growth and Forecast 2024

Digital Signage Market 2020 : Industry Outlook, Top Countries Data, Market Size, Driving Factors by Manufacturers, Growth and Forecast 2026

Robotic Process Automation Market 2020 : Industry Outlook, Top Countries Data, Market Size, Driving Factors by Manufacturers, Growth and Forecast 2026

Unified Communication As a Service Market by International Top Key Players, Analysis, Insights, Growth, Share and forecast to 2026

About us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd. 
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: [email protected]

Website: Fortune Business Insights™

Tags

Jose Gonzales

Jose works as the head of the communication devices column. He manages his works profusely. His knowledge of the field is vast, and this intrigues him to write quality articles. His articles are enriched in information and quite interesting to read. He knows how to turn boring facts to readable data. Our readers very much love his articles. It has been 6 years since he has joined this organization and we have never regretted taking him.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close