Press release
Lamp Market Opportunity By 2024 - GE, Havells India Ltd, OSRAM, MaxLite, EYE Lighting International, Federal-Mogul Powertrain, Panasonic, Philips, Stanley Electric U.S. Co., Inc. and Toshiba
Lamp Market
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Stringent government regulations toward the usage of energy-efficient bulbs and rising spending on residential constructions are anticipated to hamper lamp market demand. Consumer preference shifting towards LED bulbs owing to their lesser energy consumption costs will hamper the industry growth over the forecast timeline. Moreover, government initiatives across the globe for the implementation of LED bulbs have negatively affected the demand for bulbs and will be a threat to the lamp market growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• GE
• Interlectric Corporation
• Havells India Ltd
• Amglo Kemlite Labs
• Bajaj Group
• Ajanta Manufacturing Limited
• OSRAM
• MaxLite
• EiKO Global, LLC
• EYE Lighting International
• Federal-Mogul Powertrain
• Panasonic
• Philips
• Stanley Electric U.S. Co., Inc.
• Toshiba
Lamp Market By Product
• Electrical discharge
• Fluorescent lamps
• High intensity discharge lamps
• Filament
• Incandescent lamps
• Halogen lamps
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Fluorescent and halogen lamps are among the most widely used lighting sources. Modern fluorescent bulbs provide a cost-effective solution for both private and commercial uses. Moreover, they uniformly distribute the light and are featured with long service life, high luminous efficacy, low energy consumption, and superior reliability. Substitution of fluorescent bulbs with advanced LEDs will drastically decrease the demand for raw materials such as Europium and Yttrium.
The electrical discharge segment growth is attributed to the rising adoption of fluorescent bulbs across various applications. These fluorescent lamps are available in various lumen packages and wattage, which enables consumers to vary the light power and output to accurate load requirements to fulfill the stringent energy codes.
The filament bulbs market will witness a sluggish growth over the forecast timeline due to the phasing out of incandescent bulbs. The aim behind the phasing out of these bulbs is to boost the adoption of advanced efficiency bulbs and specifically HIDs in place of halogen bulbs, reducing the energy wastage.
Residential applications are anticipated to witness high adoption rates due to the increasing demand for cost-effective lighting systems in households. The increasing inclination of consumers towards energy-efficient lighting products, such as HIDs and fluorescent lamps, will further impact the lamp market demand. Consumers are also focusing on the lighting design and adopting various electric lighting approaches to optimize the circulation of light inside their homes.
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Rising expenditure on construction and the demand for energy-efficient lighting systems are anticipated to drive the Asia Pacific lamp market. The presence of various manufacturers will also impact the industry. The need for efficient lighting systems for surgical purposes due to a large aging population base will escalate the demand for bulbs in the region.
Some of the notable players operating in Lamp market are General Electric, Interlectric Corporation., Havells India Ltd., Amglo Kemlite Laboratories, Bajaj Group, Ajanta Manufacturing Pvt. Ltd. (OREVA Group), Osram Licht AG, MaxLite, EiKO Limited, Eye Lighting International, Federal Mogul Corporation, Panasonic Corporation, Philips Electronics, Stanley Electric Company, Toshiba Corporation.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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