Electric Lighting Equipment Market 2021 | Competitive Updates, CAGR Status, Business Strategies, Industry Size, Opportunities And Challenges
The electrical lighting equipment market report describes and explains the global electrical lighting equipment market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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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). The electrical lighting equipment market is segmented into general lighting; automotive lighting and back lighting.
The global electric lighting equipment market is expected to grow from $125.3 billion in 2020 to $129.47 billion in 2021 at a compound annual growth rate (CAGR) of 3.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $175.67 billion in 2025 at a CAGR of 8%.
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Some of the major players of the electrical lighting equipment market are General Electric Corporation, Panasonic Corporation, Koninklijke Philips NV, Eaton Corporation Plc, OSRAM GmbH.
The countries covered in the global electrical lighting equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global electrical lighting equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global electric lighting equipment market is segmented -
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
Read More On The Global Electrical Lighting Equipment Market Report:
Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Electric Lighting Equipment Market Characteristics
4. Electric Lighting Equipment Market Product Analysis
5. Electric Lighting Equipment Market Supply Chain
22. Key Mergers And Acquisitions In The Electric Lighting Equipment Market
23. Market Background: Electrical Equipment Manufacturing Market
26. Copyright And Disclaimer
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