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Electric Lighting Equipment Market Size, Share, Research, Growth And Forecast 2023-2032 | Stanley Electric Co Ltd., Panasonic Corporation, Robert Bosch GmbH, Eaton Corporation PLC, Acuity Brands Inc.
Electric Lighting Equipment Market Report
The Business Research Company's Electric Lighting Equipment Global Market Report 2023 identifies the increasing adoption of LED lighting as the major driver for the electric lighting equipment market's growth in the forecast period. LED lighting refers to a type of lighting technology that uses light-emitting diodes (LEDs) as the source of illumination. LED lighting offers numerous benefits in the electric lighting equipment market including energy savings, durability, environmental friendliness, and design flexibility.
The electric lighting equipment market size has grown strongly in recent years. It will grow from $121.39 billion in 2023 to $128.6 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%.
The electric lighting equipment market size is expected to see strong growth in the next few years. It will grow to $158.46 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.
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Major competitors in the electric lighting equipment market are Stanley Electric Co Ltd., Panasonic Corporation, Robert Bosch GmbH, Eaton Corporation PLC, Acuity Brands Inc.
A key trend in the electric lighting equipment market includes LED lighting. Major companies operating in electric lighting equipment market are focusing on innovative products such as smart light panels to provide reliable services to their customers. Smart light panels refer to a type of lighting technology that combines the benefits of traditional lighting fixtures with smart technology.
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The electric lighting equipment market is segmented -
•By Type: General Lighting, Automotive Lighting, Back Lighting
•By Mode: Online, Offline
•By Sales Channel: OEM, Aftermarket
•By Application: Residential, Commercial, Automotive, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the electric lighting equipment market.
The Business Research Company's "Global Electric Lighting Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Electric Lighting Equipment Market Include:
1. Executive Summary
2. Electric Lighting Equipment Market Characteristics
3. Electric Lighting Equipment Product/Service Analysis -Product/Service Examples
4. Electric Lighting Equipment Market Trends And Strategies
5. Electric Lighting Equipment Market - Macro Economic Scenario
……
68. Global Electric Lighting Equipment Market Competitive Benchmarking
69. Global Electric Lighting Equipment Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Electric Lighting Equipment Market
71. Electric Lighting Equipment Market Future Outlook and Potential Analysis
72. Appendix
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