openPR Logo
Press release

Lamp Market Future Forecast Analysis Report And Growing Demand 2030

Lamp Market

Lamp Market

๐†๐ฅ๐จ๐›๐š๐ฅ ๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ 2024-2030

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

In 2023, the global lamp market was valued at approximately USD 50.91 billion. The market is anticipated to grow at a compound annual growth rate (CAGR) of 4.67% over the forecast period. This growth trajectory highlights the evolving dynamics and expanding opportunities within the lamp industry.

๐…๐จ๐ซ ๐Ÿ๐ฎ๐ซ๐ญ๐ก๐ž๐ซ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง, ๐œ๐ฅ๐ข๐œ๐ค ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/146863/

๐“๐ฒ๐ฉ๐ž๐ฌ ๐จ๐Ÿ ๐‹๐š๐ฆ๐ฉ๐ฌ

The lamp market is primarily segmented into high-intensity and fluorescent lamps. Fluorescent lamps are a popular choice due to their energy efficiency and longevity. These lamps operate by passing an electric current through mercury vapor, which emits ultraviolet light that is then transformed into visible light by a phosphor coating inside the glass tube. Compared to traditional incandescent or halogen bulbs, fluorescent lamps are more energy-efficient, consuming 25-35% less electricity and generating significantly less heat.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

The lamp market is characterized by a high level of fragmentation, with numerous companies releasing products of varying sizes and types. This competitive landscape has led to aggressive marketing strategies as companies strive to capture market share. Mergers, collaborations, and partnerships are increasingly common as firms seek to expand their global presence. Despite the market's maturity and slow growth, innovations and product advancements are fueling its progress.

๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ฌ

One of the significant challenges facing the lamp market is the phase-out of incandescent bulbs. As consumers shift towards energy-efficient alternatives like LEDs and compact fluorescent lamps (CFLs), the demand for traditional bulbs is declining. LEDs, in particular, offer a substantial advantage over incandescent and halogen lamps due to their lower energy consumption-LEDs use up to 90% less energy and have a lifespan 15 times longer than halogen bulbs. Government initiatives promoting LED adoption have further contributed to the decline in traditional bulb consumption.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐…๐š๐œ๐ญ๐จ๐ซ๐ฌ

The lamp market is experiencing growth due to its extensive application across various sectors including residential, commercial, industrial, automotive, and highway lighting. Increased government efforts to enhance lighting infrastructure, particularly in rural areas, have further driven demand. New regulatory standards aimed at improving ballast efficiency and reducing CO2 emissions are expected to propel the market forward.
๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

๐๐ฒ ๐“๐ฒ๐ฉ๐ž

Electric discharge lamps are projected to witness significant growth in the coming years. The rising demand for CFLs, known for their long life and efficiency, has driven this segment. Fluorescent lamps are favored for their cost-effectiveness, energy savings of 25-35%, and lower heat production compared to halogen or incandescent lamps. Advancements in incandescent bulbs, such as the use of halogen gas to extend lifespan and improve light output, also contribute to market growth. Halogen bulbs are used in various applications, including vehicle headlights and work lights.

๐๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Indoor applications represent the largest revenue segment and are expected to maintain dominance. The growing use of lamps in residential, commercial, and industrial settings is driving this segment. Increased awareness of energy-efficient lighting solutions, coupled with rising living standards, has fueled demand. The adoption of halogen and fluorescent lights in households, hotels, and healthcare facilities is further boosting market growth. Government initiatives to improve lighting in rural areas have also contributed to the increased demand for lamps in indoor applications.

๐…๐จ๐ซ ๐Ÿ๐ฎ๐ซ๐ญ๐ก๐ž๐ซ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง, ๐œ๐ฅ๐ข๐œ๐ค ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/146863/

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

๐€๐ฌ๐ข๐š ๐๐š๐œ๐ข๐Ÿ๐ข๐œ

The Asia Pacific region led the market in 2023, accounting for a 37.7% share. China, in particular, has experienced substantial growth in its lighting market, emerging as a global leader in both production and consumption. The country's growing economy and rising living standards are driving demand for lighting solutions. The market in China is expanding at a rate of 0.4% per year, with significant growth expected in LED lighting solutions due to increased adoption by municipal and industrial users.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe is anticipated to be the second-largest market, supported by a high standard of living and the ability of consumers to invest in smart lighting solutions. The region's focus on advanced LED technologies further propels market growth.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐œ๐จ๐ฉ๐ž

The report provides a detailed analysis of the global lamp market, including past and current industry status, along with forecasts for future trends. It covers key market segments, including type, application, technology, products, and distribution channels. Regional analyses are also provided to offer a comprehensive view of the market's global landscape.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

The global lamp market features prominent players across different regions:

๐‘ต๐’๐’“๐’•๐’‰ ๐‘จ๐’Ž๐’†๐’“๐’Š๐’„๐’‚

โ€ข Amglo Kemlite Corp
โ€ข EiKO Global, LLC
โ€ข Interlective Corp
โ€ข General Electric
โ€ข Maxlite
โ€ข Eye Lighting International
โ€ข Federal Mogul Corporation
โ€ข Astec Industries Inc
โ€ข Tenneco Inc.
โ€ข Donghia Inc
โ€ข
๐‘ฌ๐’–๐’“๐’๐’‘๐’†

โ€ข Osram Licht
โ€ข Siemens AG
โ€ข Philips Electronics
โ€ข
The report aims to equip stakeholders with an in-depth understanding of the global lamp market, offering insights into market dynamics, competitive analysis, and growth opportunities. By analyzing key players, market segments, and regional trends, the report serves as a valuable resource for decision-makers and investors in the industry.

๐…๐จ๐ซ ๐š๐ง ๐ข๐ง-๐๐ž๐ฉ๐ญ๐ก ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐œ๐ฅ๐ข๐œ๐ค ๐ญ๐ก๐ž ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/lamp-market/146863/

๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Global Ceramified Cable Market https://www.maximizemarketresearch.com/market-report/global-ceramified-cable-market/23522/

โ™ฆ Global ThinFilm Encapsulation (TFE) Market https://www.maximizemarketresearch.com/market-report/global-thin-film-encapsulation-tfe-market/7181/

โ™ฆ Global Automotive Rear Axle Market https://www.maximizemarketresearch.com/market-report/global-automotive-rear-axle-market/21514/

โ™ฆ Global Advanced Protective Gear and Armor Market https://www.maximizemarketresearch.com/market-report/global-advanced-protective-gear-and-armor-market/107393/

โ™ฆ France Organ Preservation Market https://www.maximizemarketresearch.com/market-report/france-organ-preservation-market/55743/

โ™ฆ Global Friction Material Market https://www.maximizemarketresearch.com/market-report/global-friction-material-market/21714/

โ™ฆ Global Itaconic Acid Market https://www.maximizemarketresearch.com/market-report/itaconic-acid-market/5768/

โ™ฆ Global Automotive Tire Information Market https://www.maximizemarketresearch.com/market-report/global-automotive-tire-information-market/69732/

โ™ฆ US IoT Services Market https://www.maximizemarketresearch.com/market-report/us-iot-services-market/10948/

โ™ฆ Global Regenerative Therapies Market https://www.maximizemarketresearch.com/market-report/global-regenerative-therapies-market/83993/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lamp Market Future Forecast Analysis Report And Growing Demand 2030 here

News-ID: 3594489 • Views: โ€ฆ

More Releases from Maximize Market Research pvt. Ltd.

Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR - Clinical Trials Market Forecast Insights
Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR โ€ฆ
According to a new report by Maximize Market Research, the global Clinical Trials Market was valued at USD 54.83 billion in 2024 and is projected to reach USD 88.26 billion by 2032, growing at a CAGR of 6.13%. A major surge in biopharmaceutical R&D and oncology-focused studies is driving the global clinical trials market toward nearly USD 88.26 billion by 2032 at a 6.13% CAGR. โ–บ Get a sample of theโ€ฆ
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5.16% Driven
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5 โ€ฆ
Turbo Trainer Market size was valued at USD 281.52 Mn. in 2024 and the total Turbo Trainer revenue is expected to grow at 5.16% through 2025 to 2032, reaching nearly USD 421.03 Mn. Turbo Trainer Market Overview: The Turbo Trainer Market is witnessing significant growth as fitness enthusiasts increasingly adopt indoor cycling equipment for year-round training. Turbo trainers, which allow users to convert regular bicycles into stationary exercise machines, have become essentialโ€ฆ
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of 7% Driven
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of โ€ฆ
Sodium Acetate Market size was valued at USD 206.17 Million in 2024, and the total revenue is expected to grow at CAGR of 7 % from 2025 to 2032, reaching nearly USD 354.24 Million. Sodium Acetate Market Overview: The Sodium Acetate Market is experiencing steady growth due to its widespread applications across industries such as food and beverage, pharmaceuticals, textiles, and chemical manufacturing. Sodium acetate, a versatile salt of acetic acid, isโ€ฆ
India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR -
India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR - "India Tire โ€ฆ
According to a new report by Maximize Market Research, the India tire market was valued at approximately USD 13.4 billion in 2024 and is expected to climb to USD 27.6 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.6 %. The growth is underpinned by increasing automotive production, growing replacement demand, and rising adoption of radial tyres. โ–บ Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/21022/ โ™ฆ Key Highlights Market sizeโ€ฆ

All 5 Releases


More Releases for LED

HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets. Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,โ€ฆ
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside. There are many reasons thatโ€ฆ
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke โ€ฆ
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chipsโ€ฆ
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li โ€ฆ
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being includedโ€ฆ
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Reportโ€ฆ
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use โ€ฆ
Transparency Market Research, in a report titled โ€œLED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,โ€ states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driverโ€ฆ