Press release
Electric Lighting Equipment Market 2020 Analysis by Global Manufacturers – General Electric Corporation; Panasonic Corporation; Koninklijke Philips NV; Eaton Corporation Plc; OSRAM GmbH
Electric Lighting Equipment Market
The global electric lighting equipment market is expected to decline from $129.5 billion in 2019 to $129.2 billion in 2020 at a compound annual growth rate (CAGR) of -0.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $164.8 billion in 2023.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Electric Lighting Equipment Market: General Electric Corporation; Panasonic Corporation; Koninklijke Philips NV; Eaton Corporation Plc; OSRAM GmbH
Market Segmentation
1) By Type: General Lighting; Automotive Lighting; Back Lighting
2) By Application: Residential; Commercial; Automotive; Others
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)
Key Market Trends
Asia Pacific was the largest region in the global electric lighting equipment market, accounting for 31% of the market in 2019. Western Europe was the second largest region accounting for 25% of the global electric lighting equipment market. Africa was the smallest region in the global electric lighting equipment market.
Major lighting companies are integrating lighting fixtures with IoT technology to enable remote user control and for controlling lighting in office, work environment and city infrastructure. IoT technology is widely being used in homes and work places 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, Belleds, a smart lighting designer based in Cambridge, offers wireless lighting control and broadcast location through luminaires using the beacon technology. The company is partnering with major lighting companies such as GE, Philips and Acuity to provide its services .
The electrical lighting equipment market consists of sales of electrical lighting equipment by entities (organizations, sole traders and partnerships) that produce electric light bulbs and tubes, and parts and components (except glass blanks for electric light bulbs) or electric lighting fixtures (except vehicular), nonelectric lighting equipment, lamp shades (except glass and plastics), and lighting fixture components (except current-carrying wiring devices).
Influence Of The Electric Lighting Equipment Market Report:
-Comprehensive assessment of all opportunities and risk in the Electric Lighting Equipment market.
- Electric Lighting Equipment market recent innovations and major events.
-A detailed study of business strategies for growth of the Electric Lighting Equipment market-leading players.
-Conclusive study about the growth plot of Electric Lighting Equipment market for forthcoming years.
-In-depth understanding of Electric Lighting Equipment market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Electric Lighting Equipment market.
The report has 150 tables and figures browse the report description and TOC:
https://www.marketinsightsreports.com/reports/06022059263/electric-lighting-equipment-global-market-report-2020-30-covid-19-impact-and-recovery-including-1-by-type-general-lighting-automotive-lighting-back-lighting-2-by-application-residential-commercial-automotive-others-3-by-sales-channel-oem-aftermarket-4-by-mode-online-offline-covering-general-electric-corporation-panasonic-corporation-koninklijke-philips-nv-eaton-corporation-plc-osram-gmbh?source=openpr&Mode=12
What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.
Analytical Tools: The Electric Lighting Equipment Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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Irfan Tamboli (Head of Sales) - Market Insights Reports
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About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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