Lamps & Bulbs Market worth $175.60 billion by 2030, growing at a CAGR of 6.06% - Exclusive Report by 360iResearch

The "Lamps & Bulbs Market by Product (CFLs, Fluorescent, Halogens), Light Color Temperature (2000K-3000K, 3100K-4500K, 4600K-6500K), Shape, End-Use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Lamps & Bulbs Market to grow from USD 116.25 billion in 2023 to USD 175.60 billion by 2030, at a CAGR of 6.06%.

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Lamps are devices that emit light for illumination purposes and are designed to produce light continuously for a certain period when provided with electrical power. Lamps encompass a broad category, including table lamps, floor lamps, desk lamps, and other fixtures. The technical term lamp signifies the element within these fixtures that generates light. Bulbs, or light bulbs, are replaceable components that fit into lamps or other light fixtures to produce light. Bulbs convert electricity into light using various technologies such as incandescence and fluorescence, which is exciting a gas that emits ultraviolet light absorbed by a phosphor coating or light-emitting diode (LED) technology. Lamps and bulbs are essential in numerous applications, from providing ambiance and enhancing decor to ensuring visibility and safety in public and private spaces. Advancements in technology have led to the development of smart lamps and bulbs, which offer features such as energy efficiency, adjustable color temperatures, and remote control capabilities. Essential factors propelling market growth include the rising number of construction and infrastructure activities, government regulations promoting the use of energy-efficient lights, and the expanding shift toward connected and IoT-enabled lighting systems. Additionally, the rise in smart home infrastructure and IoT integration creates new opportunities for innovative lighting products and systems. However, the lamps & bulbs market faces certain challenges, such as the high cost of development of lamps & bulbs and technological obsolescence issues with lamps & bulbs. The growing introduction of technologically advanced lamps & bulbs and the rising availability of lamps & bulbs across online platforms presents potential opportunities for the lamps and bulbs market to grow in the coming years.

In North America, there is a significant shift towards energy-efficient lighting solutions driven by government regulations and consumer awareness. The widespread adoption of LEDs over traditional lighting is a significant trend spurred by initiatives such as the ENERGY STAR program. South America presents potential growth opportunities for the lamps and bulbs market, with energy efficiency and cost savings being the key drivers. Brazil and Argentina are noteworthy countries characterized by urban growth and infrastructure modernization. However, the market is price-sensitive, and the adoption rate of advanced lighting solutions such as LEDs is slower compared to North America and Europe. Europe has a matured lamps and bulbs market due to increased environmental awareness among consumers and strict government regulations on energy consumption. The phase-out of incandescent bulbs in favor of LED lights has been a major change within the region, with Scandinavia and Germany at the forefront of the transition. The Middle East region is gradually embracing new lighting technologies despite the presence of a strong demand for traditional lighting. Conversely, Africa presents as an emerging market with significant potential due to its ongoing development and electrification projects. The Asia-Pacific region exhibits the fastest growth in the lamps and bulbs industry, with countries such as China, India, and Japan taking charge. Rapid urbanization, a growing middle class, and government initiatives to promote energy-efficient lighting are significant factors contributing to market growth. China, the prominent manufacturer and consumer of LED lighting in the world, plays a pivotal role in the region's market dynamics.

Market Segmentation & Coverage:

This research report categorizes the Lamps & Bulbs Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across CFLs, Fluorescent, Halogens, Incandescent, and LEDs. The Halogens is projected to witness significant market share during forecast period.

Based on Light Color Temperature, market is studied across 2000K-3000K, 3100K-4500K, 4600K-6500K, Less Than 2000K, and 6500K & Over. The 3100K-4500K is projected to witness significant market share during forecast period.

Based on Shape, market is studied across Candle, Globe, and Standard. The Candle is projected to witness significant market share during forecast period.

Based on End-Use, market is studied across Commercial, Industrial, and Residential. The Industrial is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.05% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Lamps & Bulbs Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Lamps & Bulbs Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Lamps & Bulbs Market, highlighting leading vendors and their innovative profiles. These include Acuity Brands, Inc., Amglo Kemlite Laboratories, Inc., ams-OSRAM AG, Bajaj Electricals Ltd., Crompton Greaves Consumer Electricals Limited, Eaton Corporation PLC, EiKO Global, LLC, Everlight Electronics Co., Ltd., General Electric Company, Halonix Technologies Private Limited, Havells India Limited, Kravet Inc., Maxlite, MIC Electronics Limited, Nanoleaf Canada Ltd., Nichia Corporation, OPPLE Lighting, Panasonic Holdings Corporation, Samsung Electronics Co., Ltd., Seoul Semiconductor Co Ltd., Signify N.V., Surya Roshni Limited, Syska Led Lights Pvt Ltd., Tom Dixon, Toshiba Corporation, Wipro Limited, Wolfspeed, Inc., and Zumtobel Group.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Lamps & Bulbs Market, by Product
7. Lamps & Bulbs Market, by Light Color Temperature
8. Lamps & Bulbs Market, by Shape
9. Lamps & Bulbs Market, by End-Use
10. Americas Lamps & Bulbs Market
11. Asia-Pacific Lamps & Bulbs Market
12. Europe, Middle East & Africa Lamps & Bulbs Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Lamps & Bulbs Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Lamps & Bulbs Market?
3. What is the competitive strategic window for opportunities in the Lamps & Bulbs Market?
4. What are the technology trends and regulatory frameworks in the Lamps & Bulbs Market?
5. What is the market share of the leading vendors in the Lamps & Bulbs Market?
6. What modes and strategic moves are considered suitable for entering the Lamps & Bulbs Market?

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