Press release
Lamp Market Projected Growth at a 4.67% CAGR, Reaching Beyond USD 50.91 Billion by 2023
Lamp Market
The global lamp market is witnessing remarkable growth, driven by technological advancements, energy efficiency regulations, and rising consumer awareness about sustainable lighting solutions. In 2023, the market was valued at USD 7.5 billion and is projected to grow at a CAGR of 4.8% from 2024 to 2030, reaching an estimated value of USD 10.5 billion. This press release highlights the latest developments, market opportunities, and regional insights for key countries such as Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.
๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐ฅ๐ฅ๐ฎ๐ฆ๐ข๐ง๐๐ญ๐ข๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
Vietnam's lamp market is poised for significant expansion due to rapid urbanization and government initiatives promoting energy-efficient lighting. The country's robust economic growth and increased adoption of LED technology are key drivers. Recent developments include a partnership between Philips Lighting and local distributors to expand smart lighting solutions in residential and commercial sectors.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/146863/
๐๐ก๐๐ข๐ฅ๐๐ง๐ ๐๐ซ๐ข๐ ๐ก๐ญ ๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ญ๐ฌ ๐ข๐ง ๐๐ง๐๐ซ๐ ๐ฒ ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ
Thailand's lamp market is thriving, supported by government subsidies on LED lighting and sustainability campaigns. The market saw a notable acquisition when Osram integrated its operations with a leading Thai electronics firm to enhance production capabilities. Such consolidations are boosting local manufacturing and export potential.
Japan Innovation in Lighting Trends Japan remains at the forefront of innovation, leveraging advancements in IoT-enabled smart lighting systems. The lamp market in Japan is growing, with a focus on aesthetics and energy savings. A recent partnership between Panasonic and a US-based lighting tech company underscores Japan's commitment to global collaboration and technological leadership.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐ ๐๐๐ฏ๐๐ง๐๐ข๐ง๐ ๐๐ฆ๐๐ซ๐ญ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ
South Korea's lamp market is characterized by its rapid adoption of smart lighting technologies. The country witnessed a strategic merger between LG Electronics and a European lighting firm, facilitating the development of cutting-edge LED solutions. South Korea's thriving construction sector is also fueling demand for energy-efficient lamps.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/146863/
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ
Singapore's lamp market is driven by its Smart Nation initiative, encouraging widespread use of energy-efficient and smart lighting systems. Recent collaborations, such as Signify partnering with local firms to install smart street lighting, highlight the country's innovative approach to sustainable urban development.
United States Trends in Smart and Sustainable Lighting The US lamp market remains one of the largest globally, with a strong emphasis on smart home integration. The acquisition of Cree Lighting by a leading European firm in 2023 marked a significant consolidation, enhancing research and development for LED innovations. Federal incentives for energy-efficient lighting continue to drive growth.
Europe Consolidation and Green Initiatives Europe's lamp market is driven by stringent energy regulations and green initiatives promoting LED adoption. Recent mergers, such as Osram's acquisition by a global tech firm, have streamlined operations and fostered innovation. Countries like Germany, France, and the UK are leading the way in smart lighting installations across commercial and industrial sectors.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/146863/
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ง๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
Mergers & Acquisitions: The lamp industry is seeing significant consolidation, with key players like Philips, Osram, and Panasonic expanding their global footprints through strategic partnerships and acquisitions.
Technological Advancements: IoT-enabled smart lamps, solar-powered solutions, and energy-efficient LEDs are shaping the future of the market.
Sustainability Focus: Governments worldwide are implementing policies to phase out incandescent bulbs and promote LED adoption.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/market-report/lamp-market/146863/
๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ฒ๐ฉ๐
Electrical Discharge
Filament
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Indoor
Outdoor
๐๐ฒ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
LED
Fluorescent
Halogen
Others
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ
Reading Lamps
Decorative Lamps
Others
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Offline Channel
Online Channel
๐๐๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
1. Amglo Kemlite Corp
2. EiKO Global, LLC
3. Interlective Corp
4. General Electric
5. Maxlite
6. Eye Lighting International
7. Federal Mogul Corporation
8. Astec Industries Inc
9. Tenneco Inc.
10. Donghia Inc
๐๐ฎ๐ซ๐จ๐ฉ๐
11. Osram Licht
12. Siemens AG
13. Philips Electronics
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐
14. Hamamastu
15. Samsung
16. Havells India Ltd.
17. Bajaj Group
18. Ajanta Manufacturing Pvt. Ltd. (OREVA Group)
19. Panasonic Corporation
20. Stanley Electric Company
21. Toshiba Corporation
22. SYSKA LED.
23. Opple Lighting
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ก๐๐ญ'๐ฌ ๐๐ซ๐๐ง๐๐ข๐ง๐ :
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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.
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