Press release
Lamp Market Growth by Emerging Trends Analysis and Forecasts 2021-2024 | GE, Philips, Osram
Extensive utilization of high-intensity discharge light bulbs and halogen lamps in the automotive industry is estimated to change lamp market trends over the forecast timeline. Moreover, growing product demand owing to expansive product-application range in hospitality, roadways, residential, commercial and industrial sectors will change business outlook over the analysis period. In terms of revenue, lamp market is forecast to surpass USD 18 billion by 2024.
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Top Key Players Are : GE, Philips, and Osram
Taking into consideration the geographical landscape, Asia Pacific lamp industry size is anticipated to witness an upswing over the coming seven years, subject to the high spending on the construction activities. In addition, the requirement of these energy-effective lighting systems for performing surgeries will impel APAC market from the healthcare sector. The large-scale presence of key manufacturers across the region will also contribute significantly towards the revenue.
The U.S. will witness a tremendous growth rate in lamp market subject to the rising consumer demand for power-saving lamps. The popularity of these lamps across residential and commercial arenas is predicted to create lucrative growth avenues for U.S. industry.
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The surging popularity of compact fluorescent lamps is anticipated to soar UK lamp market expansion in the near future. Tax benefits offered by the governments of Mexico and Brazil to reduce the product prices will propel Latin America lamp market revenue over the coming timeframe. Ample availability of raw materials in the region will contribute notably towards the business expansion.
Electrical discharge and filament are major lamp products. Electrical discharge lamp industry is projected to exhibit a substantial development over the next few years, subject to the huge demand for compact fluorescent lamps subject to the beneficial product features such as elongated service lifespan, minimal energy wastage, superior quality of light, appropriate brightness, and low glare.
Table Of Content:
Chapter 4 Lamp industry, By Product
4.1 Lamp share, by product, 2016 & 2024
4.2 Electrical Discharge Lamps
4.2.1 Market estimates and forecast, by region, 2013-2024
4.2.2 Fluorescent lamps
4.2.2.1 Market estimates and forecast, by region, 2013 – 2024
4.2.3 High density discharge lamps
4.2.3.1 Market estimates and forecast, by region, 2013 – 2024
4.3 Filament Lamps
4.3.1 Market estimates and forecast, by region, 2013-2024
4.3.2 Incandescent Lamps
4.3.2.1 Market estimates and forecast, by region, 2013 – 2024
4.3.3 Halogen Lamps
4.3.3.1 Market estimates and forecast, by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/lamp-market
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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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