Bulb Market 2020: Industry Size, Share, Increasing Demands, Strong Growth Continues With Technology Advancements To Continue Beyond 2027

Allied Market Research published a new report, titled, “Bulb Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The global bulb market has seen an upsurge in the product demand and its diversified application in various verticals be it household, healthcare, defense, construction, and public events. The market has been working on the scenario of providing varying range of bulbs with different level of power consumption. The concept of energy efficient bulbs was brought in the picture by growing consciousness toward energy consumption. The market has seen a shift in demand from the incandescent bulbs to fluorescent bulbs to the latest light-emitting diodes.

The launch of new products that contain improved capabilities have been launched by the leading market players. This includes the LEDs and CFLs that are higher in price in comparison to the conventional incandescent bulbs, but provide a greater and reliable energy efficiency.

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This approach was looked upon because power usage is seen as the after purchase cost borne by the customers. Companies like Philips Lighting, and Osram have started producing light-emitting diodes, which became a standardized trend for the industry, to target this issue and conquer the consumer base.

Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization. Leading market players have determined the influence of improved accuracy in many applications.

Owing to this, a notable product diversification has been established in this particular industry.

Regions covered – North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico, and Rest of LAMEA)North America (U.S.

and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico, and Rest of LAMEA).

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COVID-19 Scenario Analysis:

○ Production shutdown scenario
○ Loss in revenue due to lockdown
○ Estimated decline in market demand

Key market players profiled in the report – Acuity Brands, Cree, GE Lighting, Philips Lighting, Osram, Nichia Corporation, Seoul Semiconductor, Zumtobel Group, Eaton, Everlight ElectronicsAcuity Brands, Cree, GE Lighting, Philips Lighting, Osram, Nichia Corporation, Seoul Semiconductor, Zumtobel Group, Eaton, Everlight Electronics

Key Segments Covered:
• Type
• Incandescent Bulbs
• Fluorescent Bulbs
• CFLs
• Halogens
• LEDs

Application
• Lamps & Light Bulbs
• Operation Theatre (OT Instruments)
• Torchlights and Flashlights
• Automobile Headlights
• Mining Headgears
• Others

Key Benefits of the Report:

♦ This study presents the analytical depiction of the global bulb industry along with the current trends and future estimations to determine the imminent investment pockets.
♦ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global bulb market share.
♦ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global bulb market growth scenario.
♦ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
♦ The report provides a detailed global bulb market analysis based on competitive intensity and how the competition will take shape in coming years.

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