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Lamp Market Poised for 4.67% CAGR Through 2030

Lamp Market

Lamp Market

๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐‘๐ž๐š๐œ๐ก ๐”๐’๐ƒ ๐Ÿ•๐ŸŽ.๐ŸŽ๐Ÿ• ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ

The global lamp market, valued at USD 50.91 billion in 2023, is anticipated to grow at a compound annual growth rate (CAGR) of 4.67% during the forecast period, reaching approximately USD 70.07 billion by 2030.

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

The increasing adoption of energy-efficient lighting solutions, such as LED and fluorescent lamps, is a significant driver of market growth. These technologies offer substantial energy savings and longer lifespans compared to traditional incandescent bulbs. Additionally, government initiatives promoting energy conservation and the phasing out of incandescent bulbs are propelling the demand for advanced lighting solutions.

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐ญ๐š๐ค๐ž ๐š ๐ฌ๐ง๐ž๐š๐ค ๐ฉ๐ž๐ž๐ค? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฌ๐ž๐ž ๐ฐ๐ก๐š๐ญ'๐ฌ ๐ข๐ง๐ฌ๐ข๐๐ž: 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‘จ๐’”๐’Š๐’‚-๐‘ท๐’‚๐’„๐’Š๐’‡๐’Š๐’„ (๐‘จ๐‘ท๐‘จ๐‘ช): APAC is expected to hold the highest share in the global lamp market, driven by rapid urbanization, infrastructural developments, and increasing consumer awareness regarding energy-efficient lighting solutions.
๐‘ต๐’๐’“๐’•๐’‰ ๐‘จ๐’Ž๐’†๐’“๐’Š๐’„๐’‚: The region's growth is supported by the presence of key players and the early adoption of advanced lighting technologies.
๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐‘ณ๐’‚๐’Ž๐’‘ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘ฝ๐’Š๐’†๐’•๐’๐’‚๐’Ž

Vietnam's LED lighting market is experiencing significant growth, with an annual increase of 35% in the LED lamp segment. The market reached USD 677.66 million in 2023 and is expected to grow at a CAGR of 6.8% during the forecast period, attaining USD 1,225.04 million by 2032. This growth is attributed to the expansion of commercial offices and substantial foreign investment.

๐‘ณ๐’‚๐’Ž๐’‘ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐’Š๐’ ๐‘ป๐’‰๐’‚๐’Š๐’๐’‚๐’๐’…

Thailand's lighting market is witnessing a shift towards energy-efficient solutions, with increasing adoption of LED lamps in residential and commercial sectors. Government initiatives promoting energy conservation are further driving this trend.

๐‘ณ๐’‚๐’Ž๐’‘ ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ป๐’“๐’†๐’๐’…๐’” ๐’Š๐’ ๐‘ฑ๐’‚๐’‘๐’‚๐’

Japan's emphasis on technological innovation and energy efficiency has led to a growing demand for advanced lighting solutions, including LED and smart lighting systems. The market is characterized by continuous product development and adoption of cutting-edge technologies.

Lamp Market Consolidation in South Korea

South Korea's lighting industry is marked by significant investments in research and development, focusing on energy-efficient and smart lighting solutions. The market is witnessing consolidation as companies strive to enhance their market presence and technological capabilities.

Lamp Market Updation in Singapore

Singapore's commitment to sustainability and smart city initiatives is driving the adoption of advanced lighting solutions. The market is evolving with the integration of smart technologies and energy-efficient lighting systems in urban infrastructure.

Lamp Market Developments in the United States

The U.S. lighting market is characterized by a strong shift towards LED and smart lighting solutions, driven by energy efficiency regulations and consumer demand for innovative products. Key players are focusing on mergers and acquisitions to expand their product portfolios and market reach.

Lamp Market Innovations in Europe

Europe's stringent energy efficiency regulations and emphasis on sustainability are propelling the adoption of advanced lighting solutions. The market is witnessing innovations in smart lighting systems and increased investments in energy-efficient technologies.

๐…๐จ๐ซ ๐š ๐œ๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐จ๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ, ๐ง๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐ญ๐จ: https://www.maximizemarketresearch.com/request-sample/146863/

๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

Electrical Discharge
Filament

Depending on the type , In the coming years , the market for electric discharge lamps is expected to grow rapidly . Over the past decade , the growing demand for CFLs has driven sales growth in this sector . The increase in popularity of these lamps can be explained by their longevity , efficiency and reliability . Since fluorescent lamps are more economical , the market for these lamps has grown considerably . A fluorescent lamp allows for energy savings of 25 to 35 % . In addition , they generate less heat than halogen or incandescent lamps .

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

Indoor
Outdoor

According to Application , indoor applications accounted for the largest share of revenue and are expected to continue to dominate the sector in the coming years . Industrial demand will be influenced by increasing use of lamps in residential , commercial and industrial sectors . The market for energy - saving lamps has been driven by rising living standards and greater awareness of the benefits of the practice .โ€‹โ€‹โ€‹โ€‹ Halogen and fluorescent lamps are rapidly being used in the home , hospitality and healthcare sectors , which has led to an increase in the market .โ€‹ The market for lamps has increased due to their increasing usage in various indoor and outdoor applications such as homes , commercial , industrial , roads and cars .โ€‹โ€‹โ€‹

๐›๐ฒ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ

LED
Fluorescent
Halogen
Others

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ

Reading Lamps
Decorative Lamps
Others

๐›๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ

Offline Channel
Online Channel

๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ? ๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ฌ๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐ค๐ž๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/96022/

๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Œ๐š๐ฃ๐จ๐ซ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

North America
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

Europe
11. Osram Licht
12. Siemens AG
13. Philips Electronics

Asia Pacific
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

๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐œ๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐ž๐๐ ๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐ซ๐จ๐ฆ 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 ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐ :

Nepheline Market https://www.maximizemarketresearch.com/market-report/nepheline-market/187688/

Hot Dog Market https://www.maximizemarketresearch.com/market-report/hot-dog-market/194027/

Avocado-Based Products Market https://www.maximizemarketresearch.com/market-report/avocado-based-products-market/194889/

South America UV LED Market https://www.maximizemarketresearch.com/market-report/south-america-uv-led-market/195631/

Power MOSFET Market https://www.maximizemarketresearch.com/market-report/global-power-mosfet-market/35689/

Global Patch Cable Market https://www.maximizemarketresearch.com/market-report/global-patch-cable-market/75915/

Wind Turbine Inspection Services Market https://www.maximizemarketresearch.com/market-report/wind-turbine-inspection-services-market/77606/

Polyvinylidene Fluoride (PVDF) Market https://www.maximizemarketresearch.com/market-report/polyvinylidene-fluoride-pvdf-market/40002/

Gate Driver IC Market https://www.maximizemarketresearch.com/market-report/gate-driver-ic-market/126324/

Global Tremor Proof Devices Market https://www.maximizemarketresearch.com/market-report/global-tremor-proof-devices-market/84520/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

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