Press release
Emerging Growth Patterns Driving the Expansion of the General Lighting Market
General Lighting Market
Projected Growth and Market Size of the General Lighting Industry
The general lighting market is forecasted to experience substantial growth, reaching a value of $129.21 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 5.1%. Factors supporting this growth include the rising adoption of smart lighting systems, surging demand for eco-friendly illumination technologies, an uptick in home renovation projects, the rollout of connected city lighting initiatives, and a growing preference for lighting products that require minimal maintenance. Key trends anticipated during this period involve the increased use of energy-efficient lighting, growth in smart and connected lighting installations, advancements in lighting technologies emphasizing long life and low upkeep, a heightened demand for glare-free architectural lighting, and a notable shift toward environmentally friendly lighting materials.
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Top Players Leading the General Lighting Market
Several prominent companies currently dominate the general lighting landscape. These include Schneider Electric SE, Panasonic Corporation, Signify N.V., Osram Licht AG, Acuity Brands, Inc., Eaton Corporation PLC, GE Lighting, Advanced Lighting Technologies, LLC, Honeywell International Inc., and Wipro Limited. Additionally, notable firms such as Surya Roshni Ltd., Havell's India Limited, SSK Group, Halonix, Param LED Products, MLS Lighting, NVC International Holdings Limited, OPPLE Lighting, San'an Optoelectronics Co., Ltd., Meka Electric Corporation, YEELIGHT, Odeer Lighting, Longhorn Intelligent Tech Co., LTD, Koninklijke Philips N.V., Decon Lighting Pvt. Ltd., Cooper Lighting, LG Innotek, Toshiba, Perfand LED, Lena Lighting, PXF Lighting, Es-System, ELBA, Alpha Lighting, Tes-Lamp, Newled, Elux, Bergmen, Ideal Industries, Digital Lumens, Dimonoff, Cree, LSI Industries Inc., Energy Focus, Inc., Lumileds, OM lighting, UL, Dialight, Sylvania Lighting, Regency Lighting, Frederico Lopes Leal, Light Tool Industries E Comercio Ltd., Larsa Lighting, Arrco, Murano Lighting, Led World Me, UC Lighting, Lutron, TRUST LED, Citizen Electronics Co. Ltd., and Light Line Investment Ltd also contribute significantly to the market.
Strategic Acquisitions Enhancing Market Presence
In September 2023, Advanced Lighting Technologies, LLC, a US-based provider specializing in specification-grade LED lighting solutions for commercial and industrial use, acquired Cree Lighting USA. The financial terms of the deal were not disclosed. This acquisition enables Advanced Lighting Technologies to broaden its product offerings in both indoor and outdoor LED luminaires, strengthen its foothold in the specification lighting market, and accelerate its growth on a global scale. Cree Lighting USA is known for delivering indoor and outdoor LED lighting fixtures and smart lighting control solutions tailored to commercial, industrial, and infrastructure sectors.
View the full general lighting market report:
https://www.thebusinessresearchcompany.com/report/general-lighting-global-market-report
Innovative Trends Shaping the General Lighting Industry
Leading companies in the general lighting space are focusing on creating advanced products such as adaptive self-learning controllers that enhance energy efficiency and improve user comfort. These smart systems use algorithms and sensors to automatically adjust lighting based on user behavior, ambient light, and time of day, optimizing energy use and convenience.
For example, in July 2024, First Light Technologies, a Canadian solar LED light manufacturer, introduced the RSL Series-an innovative lineup of integrated solar lights designed to improve outdoor illumination. These lights feature an adaptive self-learning controller and wireless controls, ensuring maintenance-free operation and simple installation. The RSL Series is suitable for areas like parking lots, pathways, parks, and general outdoor lighting. Its all-in-one design reduces complexity and installation time.
Segment Analysis and Market Breakdown of the General Lighting Industry
This report divides the general lighting market into several primary segments:
1) By Product Type: Light Emitting Diode (LED), Compact Fluorescent Lamps (CFL), Linear Fluorescent Lamps (LFL), High Intensity Discharge (HID), Halogens, Incandescent
2) By End User: Residential, Commercial, Outdoor, Industrial, and Others
3) By Installation Type: Indoor Lighting, Outdoor Lighting
Further segmentation includes subcategories such as:
- For LEDs: LED Bulbs, LED Tubes, LED Downlights, Smart LED Lighting, and Architectural LED Lighting
- For CFLs: Standard CFLs, CFL Reflectors, Dimmable CFLs, Specialty CFLs
- For LFLs: T5, T8, T12 Fluorescent Tubes, and High Output (HO) Fluorescent Tubes
- For HID lamps: Metal Halide, High-Pressure Sodium (HPS), Low-Pressure Sodium (LPS), and Mercury Vapor Lamps
- For Halogens: Halogen Bulbs, Dimmable Halogen Lamps, Specialty Halogen Lamps
- For Incandescent: Standard, Decorative, Dimmable, and Rough Service Incandescent Bulbs
This comprehensive breakdown provides a detailed understanding of the product types, end-user applications, and installation preferences prevailing within the general lighting sector.
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