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Latest Survey on Lamp Market | GE, Havells India Ltd, OSRAM, Federal-Mogul Powertrain, Panasonic, Philips, Toshiba
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Government initiatives undertaken to develop the rural areas of the emerging economies will fuel the growth of lamp market. The global lamp industry is characterized by extensive product deployment not only from the residential sector, but also from the automotive, hospitality, industrial and commercial sectors. As per estimates, the global shipments of these lamps are projected to cross 32 billion by 2024. A report compiled by Global Market Insights, Inc., states the global lamp market is set to exceed USD 18 billion by 2024.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. GE
2. Interlectric Corporation
3. Havells India Ltd
4. Amglo Kemlite Labs
5. Bajaj Group
6. Ajanta Manufacturing Limited
7. OSRAM
8. MaxLite
9. EiKO Global, LLC
10. EYE Lighting International
11. Federal-Mogul Powertrain
12. Panasonic
13. Philips
14. Stanley Electric U.S. Co., Inc.
15. Toshiba
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Indoor applications accounted for the largest revenue share in the application segment of lamp market in 2016 and will record a considerable growth rate over the coming years. Surging product demand across the commercial, industrial, and residential sectors will noticeably stimulate lamp market share from indoor applications.
Rising awareness regarding energy efficient products and the enhanced consumer living standards are the attributing factors for market growth. Shifting focus of consumers toward various electric lighting systems and designs for an appealing ex-factor will favor the product demand. Additionally, growing deployment of fluorescent and halogen bulbs across the hospitality, healthcare, and household sectors will influence the product demand positively.
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